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Over 60 Mil. Buys today (supposedly) ,most in the afternoon all on a short term bad news day.....speaks volumes ..rough seas today ..hold on tight to the rail on the great ship SS Infa.
Mcadder,
Always the case on the casino 888 market, slightest negative particularly as the shares have had a recent run up and the mm's will crash the price, exit weak holders, collect cheap stock and drive volumes up. It's a win win for them!
I'm baffled why anyone who is invested and is up to speed on what is happening sold in a panic today, they will sorely regret it!
From the RNS:
he initial application was submitted in a tight timescale and since the original submission InfraStrata has been working to refine its application and strengthen certain aspects. InfraStrata has also been informed that a further invitation for applications for the next round of funding will be received by the Company around March 2019 and the Company plans to resubmit its enhanced application at this time.
The Company's existing EU grant for FEED ("Front End Engineering Design") works for the Project is unaffected by the "grant for works" application and this decision. As announced on 5 December 2018, 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
John Wood, Chief Executive Officer, commented:
"When submitting the EU "grant for works" application we were aware that we were working against a tight timeframe in the cycle for raising the profile of our Islandmagee gas storage project with the relevant decision makers. However, since the original submission we have continued to progress our case and are very well placed to resubmit our application in the next funding round. We continue to make progress on all fronts with the Project and the fact that our conversations are not conditional on any further EU assistance bodes well for the future."
These things are the norm for start up projects, and it's not as if that is it? the next funding round may well see Infa succeed. Therefore something to look forward to amongst the other news in the pipeline.
We have had some seriously negative news over the past few day's, placing, EU funding, warrants etc but was it that negative? Placing to keep the project on the current timetable and at the same time enhancing the value to Infa, warrants, keep feeding cash into the pot, and then today's funding news, but we are still in there for the next round!
This project will have setbacks but the positives outweigh these by some distance, for anyone doubting, look back to SXX and review the many setbacks they suffered, they got through them and are on the way to multi billion pound project!!
Smooth sailing for SS Infa for a few trading day's would be nice, the calm before the storm.
Mr T
Wow some were mugged today selling out at .95p.....disappointing update however we move on. We will get there just looks like things may just take that bit longer to get this over the line. Nothing's changed as far as the project is concerned though
Have you dipped your toe in today Lurker?
Well, they are !
Just to remind, I think I said entirely foreseeable that there would be no EU grant, but that shares were now at long term buying point - but not to be chased.
Hold on a while longer and we'll rise above it.
JW said in London on 4th December that it is INFA's intention to get out of AIM altogether asap and enter the properly conducted regulated exchange.
One step at a time....lets get the blue chip deal finalised.
GLA !
Good One Setanta ..there are MM's at play,Shorters at work and leaks at every corner ( much to the great annoyance of JW)... IMHO there are just too many shares out there now --need to consolidate but that is for another day --no distraction from getting the Offtaker Investor on board by mid March ..then we can st**f the Shorters the MM's and the Whistle blowers an the frigging lot of them.
They are being settled on Nex
I wouldn't bother eating your hat Dawski. You've already suffered enough on the trade you made to "take advantage" of the placing shares price drop. What I would like to know is what kind of manipulation has been going on with INFA since 15 January and which resulted in an almost 50% drop in the SP. That is not healthy for a company which has been loud about the soon arrival of offtakers and funders.Soneone or some persons are still playing with INFA as they were doing in 2018
Great post dawski37 it is now time to hold onto our hats & be patient !!!!!!
Nobby,
It appears that Lurker's post was removed and the associated replies to that post with it!
I have no idea why or by whom, after all it was merely a bit of banter, no accusations, arguments, ramping or real de-ramping. All very strange!
Price climbed back up towards end of play, demonstrating that the sp is quite strong at the moment and is headed in only one direction ultimately, North Sir North!!
See if that's removed, lol
Mr T
Thanks Spud.....Nickel filtered.
Temporary glitch. Better news coming Thursday/Friday/Monday after Oil Conference and AGM. Painful, but hold on Dawski & Co!
Good luck all !
there is a reason they won't let you buy... it's too cheap. lmao. they are happy to Rob you though... Glad I took more at 1.01 average now 1.18 meaning profit is imminent. imo.
the sp would be recovering much faster if they'd actually let anyone buy
Lurker, maybe lse have had enough of you continually calling them pathetic etc - just a thought.
......to you all ....when I said recently that we would not see 1.2p again .I think that I must have been blinded temporarily by the sun in the West,or dazzled by the prospects of this beauty.Well said Chrisatrdg (Chris) in your post. Concerning the RNS of today I have spoken with the Almighty and be assured that the E.U. Grant matter is icing on the cake and the current application going through Due Diligence will not be affected in any manner. Remember,folks,that this project is one of "E.U. Common National Interest " .I am assured and the RNS confirms or rather hints that the Grant application will eventually succeed .For all LTH's the prospects remain stupendous .We may never see 1p again ..or I eat my hat !!
Think you posted as a reply to Lurker - who's posts all seem to get deleted now!
Worth re-posting under your own steam...
Mine has been taken down as well. Pathetic - whether by some inadequate who doesn't like what is said - or by LSE's system glitch.
It was up there a few minutes ago.
Discussing my reasons for investing in the stock.
Now I can’t see it - or maybe I’m going blind.
Who runs this shitshow?
can't buy... back to 1.2 plus in next day or 3. imo.
Good morning.... Guess you were asleep when the rns landed then. YES WE KNOW.
boom... Well for those that got in on the dip anyway...
Hit 2p a couple of weeks ago.
Placing @ 1.2p a few days ago.
Directors have options @ 1.5p.
Big news in a matter of weeks.
Buy.
It is ludicrous for this drop in SP but on AIM 'bad news' hurts however the EU funding was never a requirement for this project to succeed.The INFA share has become the gambling chip so often thrown on AIM I only hope that common sense prevails & we start to see a reversal in the SP movement.For those who have been topping up the current SP movement will hurt unless they have deep pockets in order to top up.I am now saying Hold hopefully there will be positive news from the AGM.