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Agree completely Mr T. Placing talk is scaremongering, we have just had one ffs. No placing. No way. Move on
I don't on either points, for starters where does he dream up the two and half month statement? What does that exactly tie into? Not a thing as far as I or anyone knows and that is fact
As for a placing, why would we need a placing? We have just had one and as far as we know haven't spent that up to this point? Therefore why would be the point of another placing?
Patience is required here as with any large project, there will be up's and downs from here but I think the so should start to recover sooner rather then later. There ill be a raft of hopefully positive updates coming along, today's was a holding statement, confirmation that nothing has changed and although on track, things are taking a little longer than expected. Nothing to worry about.
Mr T
I find myself agreeing with Mitch’s first point, the second is way off the mark.
Also there is undoubtedly potential for a placing.
Under valued today and yesterday. Patience will be rewarded many times over.
I agree with Setana would have expected an SP rise. The SP was either over valued yesterday or under valued today when we have confirmation all is progressing well.
I think that the RNS is under pressure from so many voices demanding one. Obviously things are progressing...well I'm sure, but you never shout about it's a done deal. Look what happened to Packer's failed sale in the last few days. Partners bringing the money to the table like to be the ones to shout about it first. JW is doing diligent and private negotiations, which will remain that way until the deals are all complete, which will be several months. But he's not going to pressurise any partners by suggesting its a done deal either by tweet, RNS or otherwise.
A really good RNS with equity funding, debt funding and offtake partner coming into line and the effect upon the SP has been negligible. I would have thought that such positive information would have catapulted the SP back to the last placing price ,(1.2p), but it's had no such effect. So investors still perceive that there is something missing. What can that be!
Nice link, thanks bruh
It's a rather low-key RNS, with the most interesting bit being the possibility of a single provider for equity and finance funding.It would mean there's a single entity willing to carry 100% of the financial risk which indicates high level of confidence in the project. I presume the offer came from the provider who had already concluded it's DD.
What's missing is any sort of update on the marine licence front. Surely, public consultations should have finished by now? It would be good to know how they went and if there are any actionable items.
The more I read the RNS the better it looks....this particular extract is absolutely brilliant!
'A combined debt and equity deal from a single provider will increase the speed at which FID can be undertaken. As we move towards the construction phase of the Project, we have commenced recruitment activities to build a high performing team that will deliver the Project and facilitate the planned injection of first gas late in 2022.'
https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/INFA/14035122.html
Here you are brother
Guys, where are you seeing that new RNS? The last one I can see listed on the website is from the 5th.
Help a brother out with a link.
Agreed - todays RNS was a bit of a holding RNS to temper expectations. Only 2 and a bit months from now until FID at end H1 so we've got some game-changing announcements between now and then. Its as you were for now...
2 nice £18k buys just showed up on L2
Hi All - We needed an update & we have now got one & it all looks positive to me & those that added yesterday have done well based on the indicative SP showing now.I interpret the RNS as that it is just a matter of time I am now back to Strong Buy.
Imho john wood update long overdue,
He was bombing us with news up till January,
He had to do a holding rns to stop sp decline.
One rns for me was not quite trueful and we have suffered on time levels promised after Xmas. Please take note mr wood , you need to update us the market hates uncertainty
I'm glad we're talking about 2 final equity providers. Perhaps sanity being restored. Nice update and no mention of the unmentionable, which means it isn't material.
All sounds good to me! ‘John Wood, Interim Chairman and Chief Executive Officer, commented: "We have made good progress during 2019 and we now have a clear route to commercialisation of our Project’
D. I hope you've run out of straw hats! I agree........patience here will win the day......soon.
I think we all sleep better than this time last year???
Anyone notice, John is looking slimmer in the tweet photo at the conference?
Be careful of those Thai beauties,Spud ..we need you and your knowledge safely back here next week for some big news with Global players including the Known Knowns such as Costain Atkins the German Outfit that did us proud with FEED ( can never remember their name ?) oh ! Deep KBB... and confirmation of Equity Share for the long term and Bankers on Board etc -Yes, time has run by but word has it that a lot of hard work is ongoing by the BOD and we will be rewarded for patience ..sleep very well these long nights still !! I do !
https://twitter.com/JohnWoo64494325/status/1115675717805707264?s=19 Great couple of days at the SMRI Conference, astounded by the amount of global interest in our project. #INFA https://t.co/bTXXS9F0FO Tweet from JW in New Orleans Keyword for me is "global" Cheers Setanta Whale shark diving here we come ;))
Thanks for your clarifications. And spud, enjoy the holidays.
Mitch the infa expert! GL was non-exec chairman and was not responsible for any licence! The prick also has his licences mixed up! My advice is dyor and either buy, hold or sell I'm on holiday, all the best from khao lak (from tomorrow)
Doesn’t RNS from 18th December clarify ?
If the allegations contained in Mitch's post are true the company should confirm their truth and the effects they might have. If they are not true the company should confirm that that is the case and take appropriate action.