The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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So just to be clear Leesadee - when (or if) the Marine Licence is issued, based on DAERA having been satisfied with documentation and public consultation - you would accept that as INFA having fulfilled their regulatory obligations ?
To attend the next public consultation meeting. Interesting... https://twitter.com/InfraStrata_Plc/status/1138746007666221056?s=19
It's heading for .95 today by the looks of it
Touche,Loosegoose !!
John isn't just a salesman he's a dealmaker and a very good one at that
Crazy indeed Dawsky. Even as a LTH it is tricky not to look at the daily SP especially when big news drops. Maybe it is as simple as a slow digestive system. Perhaps we are trying to be too sophisticated. Good project value, good management team, good progress, good risk reduction, good partner, probably = good outcome in the long runs. Onwards and upwards.
Yesterdays SP movement is almost unbelievable upon a second reading of the JW interview.This project is gilt edged and the SP can't fail to rocket. Hard to believe that ant sensible investor would have chosen to sell.
We have the very good fortune to have a top drawer CEO in JW. He is determined, clear minded , knowledgeable, environmentally responsible, and super efficient. Viva JW ! The Infa SP will soar. The deal John and his team managed with Vitol speaks for itself in relation to need for this project and it suggests that there are even greater possibilities in the offing. John spoke about the finance and indicated that one of the potential financial partners favoured an unleveraged financing deal . Well my goodness! I think I may increase my considerable holding while the low price offering is still available,
"Transformational News" yesterday ...and the SP goes down ...No news today and it goes up ! Must be the analysts' slow digestive systems ...Crazy anyhow ! Onwards further I think.
They will walk the SP up over the next few weeks IMO.
I wonder if this sentence has anything to do with the share price stagnation. ‘Construction of the caverns is planned to commence in late 2019 (SUBJECT TO FUNDING)’ (capitals mine)
so happy to have added today... thought i was clever getting the low post jan spike only for it to plunge... amazed that y'day's rns didn't correct the price... thought this would have had a 1p support by now... got to be coming in the short term... if it drops from this cheapie price i may have to throw some more at it... can't see anything other than total inability to contue being the issue and that's surely such a small possibility at this point...
gla.
I appreciate Geographically it works, there is not a lot going for the local area, high rates of unemployment the locals should be glad it brings industry, jobs for local people and opportunity.
I'm not here to comment on if the surrounding area is of beauty or not, that is a matter of opinion. The project will not have any impact on this point.
The bottom line here is that a minority number of locals oppose to it and use brine as the arguement. Deluded and uneducated.
Sharepoint wtf are you talking about? Islandmagee was picked because of the geology! Islandmagee is a beautiful place that is why the development will be low impact and the above ground facilities will be mostly close to existing industrial areas
Exactly, jobs and industry! that is the key?
I remember when SXX were in early stages and had some locals against the project, however the majority were in favour, one of the key reasons were the jobs the mine would and still will bring to the region.
Mr T
Personally I don't really think the company have concern about the brine disposal, its within tolerable limits. They have deliberately picked this location in NI as it has nothing else going for it. The locals should be pleased it will bring some industry and jobs into the area. Gas caverns will soon be under construction.
Marine licence to be tow halled on June 27 with DAERA present.
Lee is 100% out of balance. Should be locked up.
Absolutely Spud, that's why I'm here, for balance, & I don't say anything that's untrue.. :)
Lees
Yes Tango, JW did say that which does sound good, I would always be wary of what a salesman says though...
Surely JW is not a "salesman" is he? I would cast him as a deal broker running a listed company who is dealing with some pretty large players following yesterday's announcement! I think the term salesman demeans JW's abilities somewhat and is not a terminology I recognise!!!
Also he made a clear and concise statement yesterday regarding brine discharge and stated an independent body was taken aback by the company's diligence in respect of these issues!
I think you are making mischief here and as a local you have every right to be against the project, I'm sure on the other hand many are in favour especially as it will bring employment to your area, something I think is paramount to some peoples thinking!
Mr T
I'd also be wary of what anyone with an agenda says.....
Gosh no Radders, expert opinion would be submitted on any documentation released, certainly not anything I will have researched.... btw just because info is finally released for public consultation does not mean even DAERA are happy with it, just that there is enough to consult upon... They don't release the info for public consultation for a positive opinion formed to be challenged, it's simply to collect further data & opinion. They then assess all evidence submitted during the consultation to form an opinion. Yes Tango, JW did say that which does sound good, I would always be wary of what a salesman says though... Go well all today :)
I too have posted buy out when it's progressed imho
From the interview it's rather clear that Vitol is neither of the two parties negotiating the financing deal. JW (who can now have my firstborn) stated that he had sent the Term Sheet to those parties to evaluate. Wouldn't have to do it with Vitol now, would he?If they decided to join the fray as yet another interested party, taking the overall count up to three, then its great but so far there's been no mention of that.
Assuming they have done their DD they must be thinking about buying the Project (not the Company).
I see the next step as a sale of this Project which Vitol believe in; provided they can secure the right project manager and technical / management team they will want to control this in house rather than via a small third party team.
There are not many outstanding conditions precedent only the Marine Licence /SNIP so these may be the only impediments to a sale.