The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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I have been wrestling with this one since Friday. I don't want to overreact / appear to be hysterical re: something that might not happen, but at the same time I think it would be such a devastatingly ill-judged decision that it would be wise to talk about it in advance in the hope that IF this was about to happen, PERHAPS it could be averted before it happens.
INFA's new company address is the same as Fairfields and Gazprom (UK) Ltd, one of Fairfields clients.
Let's talk purely theoretically. A big IF can be placed before everything that follows ...
Suppose Gazprom put in the late (and most lucrative) bid to be Project Finance partner "It's all going East". JW was for it. GL was against and he left. All guess work might be miles off).
Gazprom carry out extensive due diligence - more than the others - and probably now know everything there is to know about Islandmagee, the project, the geology, the people, the risks. Everything.
Then this news about address change comes out first. Maybe JW is asking for our opinion. I think we should give it to him. I believe most of the significant shareholders of INFA are, like me, patriotic Brits, who are both trying to make a few quid, while improving our national gas energy security, which without Rough, is precarious. It is one small part of a plan to reduce the threat Russia poses to our security of supply and price. Another is renewed Gas exploration activity in North Sea, LNG imports and diversification into Wind etc.
I'd rather be called nuts and be wrong, than not say anything and be right. I urge all significant shareholders McAdder, DAwski, Setanta, Peter Wale etc to contact JW informally with a simple statement "We do not support this". He'll know what it means. Let him know that if he does this, we will not back him. We've removed one board, we can remove another.
The fundamental problem with getting into bed with Gazprom is that they are a tool (and occasionally, a weapon) of the Putin regime. And we have been in an unconventional, non-linear, hybrid war with the Putin regime for several years now. We largely use economic sanctions, but they use all and any channels at their disposal, including corporate transactions.
Putin's leverage over Europe and the UK is Gas supply.
Gazprom (i.e. Putin's) interests re Islandmagee are diametrically opposite to the people of the UK, patriotic INFA shareholders, the DUP, the Tory party. Assuming their terms were the best, you have to ask 'Why were they so much better'. Because the value for them is not commercial, it's strategic and geo-political. It's ensuring they maintain their leverage over us. However they're involved, IF they were to be involved, it would make absolute logical sense from their perspective for the project to not be delivered or at least delayed as long as possible. I would surmise it will become mired in legal issues and will rot.
https://www.fieldfisher.com/locations/united-kingdom/belfast
I'm assuming the Belfast office will come in handy?
Not the Iranians then, who have a 50% stake in our largest North Sea gas field (Rhum) ? BP was once called the Anglo-Persian oil Co, 100 yrs history, which Adam Curtis has reviewed in one of his films, not so outlandish Yr right!
https://en.m.wikipedia.org/wiki/Hybrid_warfare https://www.bbc.co.uk/iplayer/episode/p04b183c/adam-curtis-hypernormalisation wake up JW
I think I may have just worked out why GL left so abruptly. If it's true, JW has lost his mind.
https://www.fieldfisher.com/locations/russia-cis/corporate "Advising Gazprom on establishing its UK operations and providing corporate and commercial advice." Also gazprom UK registered address.
https://twitter.com/Chris_O__O/status/1109189711539683328
https://twitter.com/infachecker/status/1109189547206819840
FieldFisher
GAZPROM (U.K.) LIMITED. Please let it be a coincidence and not some sick joke
Man Group also say.....'Our developing real assets business further broadens our offering, providing access to private markets for clients looking for longer term capital investment.'
andyh....yes....Man Group look interesting!
'Our Business. Entrepreneurial asset management within an institutional framework.'
Change of Registered of Office. Some interesting business based at that address.....
Don't listen to Nazereme, sir, he's mmm he's mmm m m m mad sir. Respect, Si.
that there would be a deluge of interested and convinced investors coming on board here because of the plethora of very important news relating to Equity Partners, EPC providers and even on the debt front . Al those events should coalesce in the next weekor so.
Instead we are seeing the usual 1M and 500K sellers continuing to be active and the MMS ensuring that the SP remains depressed. All a bit hard to understand. What can the 1.2p placees be thinking!
And, Avyererdowt, the MMS don't hold masses of shares in any AIM listed company. A couple of million would be their limit here , especially on a Friday.
The next ten days should tell the story.
Checking the old SP while enjoying a sundowner. A little surprised MMs have managed to keep it under 1p after yet another positive RNS, I sense a girding of the loins.
We've got great big lumps of it out the back.
Couple of small top ups y'day and today, bringing ave below placing price. Atb
I'm Brian and so is my wife.
Sorry mine was the 14:07, also bought 103870 at 2.30. Both showed as sells.
Sorry Scott pretty sure that was mine
0.8617p x 500k shares. My buy
The 500k one at 14.18 is my buy showing as sell
pretty sure some of them 500k trades are buys at 86.5
wonder if there is another delayed sell coming through
Welcome back crl123. You've reinvested at,potentially, a very good time. I missed your good wishes because I'm not really a very prolific poster, but thank you and I return those good wishes. I notice your main share is making some progress. May it continue so. Go well.
All these months and your still here with your negativity Naz. You clearly don't like this share so move along....
Who else stopped reading when he mentioned that infa are fracking =D?
2.5 million Grant in Jan 2015 .1 million spent on a drill site at woodburn forest causing public outcry near dams and main water supplies.
No oil or gas found.
Now we see a top gas supplier wanting to frack the UK and will take trillions and trillions of litres of water each year from the already disappearing supply which in the news says we will run out of water soon.
Water is more important than gas.
Yes you can live without gas but not water. Get the government to invest in sea generators and then invest your money in the production of this electricity which could save water and stop wasting money on failed projects.
Pointless excercise.....read the RNS's and broker notes then make your own mind up....IMO guessing publicly can potentially be damaging to the sp and at the end of the day, nobody knows....it is what it is.