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Current mcap £14mill
Costs spent on project (after placing money invested) circa £15million
"As part of the Company's equity negotiations with all potential parties, recovering costs invested to date is one key commercial element of the deal and these additional costs will be included within that calculation."
£500k from warrants so far this year
Receipt of EU FEED grant monies expected Q2 (I'm guessing between £1 - £1.5 million )
"the FEED report has been submitted to the European Union in accordance with the Company's grant conditions and is in the process of being reviewed and audited. It is likely that InfraStrata will receive its final payment from the EU in Q2 2019 after this verification process has been completed."
Once FID taken infa will receive a construction management fee. Imo, going off 10% of project , this could be circa £3mill per annum. Fits in with this statement from annual report
"From a strategic perspective, it is our intention to be far more than just a one project organisation. To that end we have adopted a strategy that seeks to ensure the Company starts generating an income in the mid-term to cover running costs at the plc level."
Imo, after recent placing and warrants dilution, every 10% of retained equity is worth circa 1p per share to infa
So to conclude, I'm expecting a lump sum to push next projects forward, income generation to cover plc costs and a reasonable chunk of retained equity
Ignore the noise and DYOR
GLA
I'm going for Vitol
Every share consolidation I've seen has ended in disaster. Sometimes with the share ending back at same time in very short order to the price it was before consolidation....effectively a ten times dilution!
They are busy tying all four loose ends together.....takes time..very complex...will come through very strong !
We will have excellent news soon !! SP will be very very respectable!!!
And...for weekend posts ( to keep interest alive ) who is it going to be ?!!
No point
What's the guess when this will land ?
I dont see any reason to consolidate What's the point?
Seldom does consolidation effect the share price favorably in my experience, usually followed by a nosedive.
What are people's thoughts about doing a share consolidation once warrants are done? there are so many in issue now. How do ppl think that would affect sp? Help/hinder?
No news on the equity funding side + 95mn warrants still left to be exercise and looking like in the process of being exercised + first day of trading for 125mn new shares = sp heaviness, for now. But this can soon turn around with the news we anticipate on the financing side. Actually, I hope more warrants are exercised and sold forward BEFORE that transformational rns comes out. I take the view that such newly created shares go almost immediately into new, strong investor hands.
Yarp, waiting for another warrant RNS or 2 and I'll be more active =D sideways movement probably until then :}
Still here, dawski, just watching, waiting, treading water. Having a breather before the inevitable good news gets us all excited again. I hope!
However what I will say. Our current mcap is less than money spent on the project to date (after the £1.5m placing money is invested) It has been suggested by the company these historical costs can be reclaimed from the equity partners. Add in the EU FEED grant due Q2 and the £0.5m from warrants so far this year, you could argue at this price you are buying at cash value GLA
Chillin'
Nothing much to say Dawski until either the warrants slow down or we start getting the newsflow
Strange and rather spooky day --where are you all ?!! Don't Give up after all this time ....please !
Yeah couldn’t load it but then I’m not exactly enthralled with it as it doesn’t accurately report very much at all.
Agreed .. I’m all spent out now on INFA, hold some at 10p (yes!) but currently in reasonable profit having gone sh*t or bust. I’m hanging on to the tiller hoping to catch the very strong wind that’s a comin .. and sail off into the sunset of retirement
You said just about all that matters in two and a half lines.
Some were in waaaay before then.
And I guess, some got in on the spike. Oopsie.
TBH, I bought a few @1.94 in a mad moment.
Jeeze, after seven years of waiting I guess I got over excited.
Crunch time tomorow, IMO.
Si. :)
Ps. Anyone else had an issue loading LSE today. Just buffered and quit. All day. Everything else was fine. ????
was the ROI's one and only gas storage facility, situated near Cork. Check Decommissioning tab too.
https://www.kinsale-energy.ie/gas-storage.html
Aghada next door is the country's largest gas power station. A handful of others elsewhere.
Talk too of reconfiguring Moneypoint, a mammoth beast of a coal plant near Shannon, to gas but as the Energy Institute of Ireland says, "even if it was economically feasible to convert Moneypoint to natural gas (1 billion euros), Ireland's power system would become too dependent on imported gas". They are laying gas pipes to towns and cities as much as they are in NI to get away from peat and coal.
There is a north-south gas pipeline from Gormanston (just north of Dublin) to Ballyclare (just north of Belfast), ideal for Infa.
Few more facts on ROI gas sector
http://www.engineersjournal.ie/2018/05/15/irelands-future-natural-gas-supply-well-connected-island/
I do like INFA at these levels. Warrants getting churned though have meant that every man and his dog is in between 1p -1.25p. Which means it's a very crowded trade. Sure it will rise but could be a bit of a slog
think we will Russell
Wonder if we will see another big buy today
Sell on news brigade have finished. Normal service has been resumed and it’s full steam ahead