Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Well spud said he was goingto keep quiet whilst selling.
The deal is in the home stretch.........should be any day now.
Spud is taking A well earned rest while calculating how much money he'll make here! Well done to one of the stars of this forum. Thanks for all your research and resolve.
has seen the bottom! After reading the report of last night's meeting I'm very encouraged that news is on the way, and when it arrives a lot of folks will be left holding their head saying, "why didn't I buy sooner!"
Just a blip, this is a great long term project. We should see .70 in the not to distant future followed by a rise back to 1p plus with news.
Didnt think I would get a chance to buy back in this low
Great to see this climbing and buys remaining below price on the book!
Before 22nd may then. Where's spud gone?
Mr. Wood said: “We were very encouraged by the community taking us up on our offer to meet and to explain all the technical facts and science about the underground natural gas storage project which would ultimately secure energy supply to Northern Ireland and the island of “One of the messages most repeated during those surgeries was the need for the general public to more easily access information about the project. We have, therefore, relaunched our website with this requirement firmly in mind and will further boost this information flow with monthly meetings at which people can ask the experts all the relevant questions and receive answers to them. “Our intention is to reassure the public that this proposal uses tried and tested technology, is safe and has very low impact on the marine and land environments.” Open day sessions will continue on June 27, 10.00 am until 2.00 pm and 5.00 pm until 9.00 pm; July 30, 10.00 am until 2.00 pm and 5.00 pm until 9.00 pm; August 21, 10.00 am until 2.00 pm and 5.00 pm until 9.00 pm; September 26, 10.00 am until 2.00 pm and 5.00 pm until 9.00 pm; October 14, 10.00 am until 2.00 pm and 5.00 pm until 9.00 pm; November 19, 10.00 am until 2.00 pm and 5.00 pm until 9.00 pm.
Islandmagee Energy Limited, the company behind an underground natural gas storage project underneath Larne Lough, is to hold a series of monthly information sessions. Islandmagee Energy’s director, John Wood, who led the previous information sessions, has pledged to continue an “open-door engagement” with the public. The open day sessions will take place at Islandmagee Orange Hall. The first will be held on May 22, from 10.00 am until 2.00 pm and 5.00 pm until 9.00 pm when a panel of experts will answer questions.
https://www.newsletter.co.uk/business/islandmagee-energy-company-to-continue-meetings-1-8925884
Nothing new, just clarity. The potential deal for 7 caverns was never described as in place. Indicative was highlighted in bold and nothing actually has changed and/or leaked.
Thanks Ban, I appreciate updates from fellow investors who take the time and trouble to attend these events.
Looks and sounds as if nothing new was released, that's reassuring after last weeks leaks?
All sounds good and as we thought patience is required. Now all that needs to happen is the sp needs to get back to a more sensible level, which should be well over 1p that's for sure.
Thanks again.
Mr T
Investment to date will be recovered in full - currently confirmed at £14.5m, but likely to be slightly higher. The funds will go straight into the PLC along with €1.6m EU funding and any fees for construction management - all debt sits at project level, including any CLNS. Hope that helps.
Thanks for the update ban4118, hear CLNS will be at project level, can you confirm?
Very reassured after tonight. Offtake is close and the key catalyst to unlock everything else. It’s at the final stage with legal teams - JW couldn’t give a definitive timeframe, just that they want to get the best deal for LT value. The 7 cavern deal is only indicative, and offtake, equity and debt will still be delivered in line with original assumptions.
The key take away for me is that the marine licence has NO impact on FID and we are well below all legal limits and the original assumptions that went into the draft marine licence.
Agreed .. recalling Johns exact words in presentation he was hoping to do deal before May 8th but for the sake of a few weeks it was worth making sure all was in order. Post meeting I am sure a couple of weeks was mentioned. So I guess my hope is 1-2 weeks and worst case weeks not months. Interesting to get feedback from guys tonight
Agree with Loosegoose. The BOD appear to be doing right thing for long term prospects of the company and not the short term SP. The perhaps tactical error was bullishness on equity partner prior to better offer coming in. If I was sitting on a steering committee presented with the potential of including all 7 Caverns and bringing that FID forward a year it would get my vote. I would guess a week or two away from Offtake deal being done
That question was asked at the London presentation. From memory the answer was it a household name. Worth asking again though
Can you ask how well known the offtakers are. Can you ask will people have heard of them once revealed?
Hopefully lotsadosh.....
Enjoy the meet Spud
Haha Spud. He shouldn't be disclosing price sensitive information good or bad. I was surprised he did.
Put it this way I won't mention any bad news on social media until I've sold :))))
Can't get across from Switzerland for that one. Look forward to updates. I am expecting no new news. Then again everytime I expect something I get the opposite so who knows. Patience will pay off in spades.
SPUD. GIVE THEM HELL.
Tell John he needs to put out some significant news out this week