George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Riverfort are renowned for "Taking opportunities" and personally dont blame them, From a positive point this could be why the SP has been held back.
That is how I read it? if they have of course forward sold, that is speculation.
It cuts down the debt on the H & W Aquisition and it did state in the RNS that there would be some equity issued for parts of the debt. The question is why so soon?
Mr T
So, basically, they have £100k's worth @ .38p which they have already forward sold @ anthing up to .54p
Anything up to a 40% profit. Have I got that right?
Yes, Things seem to make sense now as the day of the RNS Dawski was trying to temper momentum (IMO) I thought his comments quite negatively/cautious so it seems some privvy info was out (this is all in my own opinion).
Tango.............dilution!
Thank you guys.
So yep a warrant conversion.
..." announces that it has received a notice to convert ....."..
sounds as though the entity that sent the notice deemed it an opportune moment to exercise their right to do this...
The £700k we borrowed from Riverfort, they converted £100k into shares, probably already forward sold into the recent volume, so we are now due them £600k.
It reads more like a loan note or warrant conversion to me?
Could someone please clarify?
We are buying 26,295,030 treasurey shares for £100k?
Or it is a placing of said figure?
In either case it seems a tiny sum and I can't really make sense of it?
Thank you in advance, TAF.
???
Barman......please go easy on the ice!
notice to convert £100,000 of the £700,000 drawn down from the £2.2 million loan facility announced on 1 October 2019 (the "Loan") into 26,295,030 new ordinary shares of 0.01p in the Company ("New Ordinary Shares") at a price of 0.3803 pence per New Ordinary Share.
Agreed- a lot holding this back is sentiment from previous administration- things will be corrected soon.
Kibuc. While I do agree with you JW is saying he's "very confident"......
The Irish Times article below provides a great insight. I especially like JW saying, "Now that we are attracting private funding instead, we are very confident that we will stick to our timetable."
"I would guess that the Marine Licence is the only remaining substantial risk factor."
I see funding as a much bigger risk than anything else. Marine licence is pretty much nailed on imho, although it might come later than anticipated. Money, on the other hand, will be harder to obtain with every passing week.
I think that the market needs some numbers to give a projection of future worth, Though I am absolutely amazed we are still circa £7mill Mcap, we should be (in my opinion) NOW at approx £25mill Mcap. I have time and not really intending on selling until we are actually storing the gas as strongly believe in 3-5yrs time INFA will be a FTSE company. 25% of my portfolio is here and has been for a while- topping up down at these levels.
It must be a politicians wet dream to have INFA knocking on their doors offering jobs, energy security, boost to the economy and most of all......great PR
Great that John is quoting jobs around 1.5k and apprenticeships, if that doesn't spell amazing news for Northern Ireland jobs then nothing will
I think the NI government will FULLY understand the Marine licience is critical to the success of the newly aquired business assets and continued growth in NI, and as yet ALL elements have either been inline or surpassed expectations regarding the marine licience.
What has been ailing the INFA sp since the "leak " and the subsequent manipulation in late February. It would seem that it was all related to the Marine Licence which was then being messaged as a major flaw.
It's now clear that progress with Vitol and offtake, as well as debt and equity provision, are all contingent upon the granting of that licence. So is the final acquisition of H & W. Hence the lack of sustained progress in the sp despite the brilliant and astonishing good news we've just had.
Thanks to spud, Speedy G, ban4118, and others for their excellent media research which has revealed all. Their contributions have also demonstrated the clear optimism of JW and his fitness for the job he is doing.
I would guess that the Marine Licence is the only remaining substantial risk factor. Once it is granted the buyers should flood in. It all looks good!
Well it was my Birthday Monday and got a nice RNS this week so only fair you get one :-)
Odds on a positive buy tip on the weekend papers? Obviously not the Sunday Fail which gave us a negative tip a few weeks back. Surprisingly it wasn't really that detrimental to the sp. I was also encouraged by the volume of trading on Wednesday after the rns. Shows how much pent up demand there can be on this share when news flows.
Have a great weekend and hopefully more good news next week as it's my birthday.
It is worth noting- when we leave the EU we will see the fisheries industry come back with avengance (we will be incharge of our own waters) and considering shipyards have been a dying industry, there will be a big demand for services with very little supply! AIMHO
The Irish Times article below provides a great insight. I especially like JW saying, "Now that we are attracting private funding instead, we are very confident that we will stick to our timetable."