Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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As long as we get a good return from our investment I'm not worried about salaries, pay peanuts you'll get monkeys.
you can roughly work it out from the annual report but not conclusively.
next years will be much clearer.
while I,m here Mitch, careful of MXO its a total dog!! (thank me later) Now there is an overpaid, underachieving CEO if ever there was one
You could ask them when you go the AGM.
Agreed you can't knock their reward , a great job has been done
Not sure if already posted .. INFA mention after about 13 mins https://www.**********.co.uk/articles/carl-sterritt-chief-executive-officer-and-founder-of-shield-therepeutics-plus-malcy-7781ab0/
I should think that JW & AD have secured a brilliant deal....in which case, they thoroughly deserve the shares. If they actually haven't, then you have a valid point.
I'm sure they have !
Surely, there will be excellent news very shortly !!
There has to be news in the next 8 days on equity. My logic is if there is no news, there is the potential for the SP to drift. This will annoy investors, which in turn will make them bring up the highly, if not obscenely generous shares options JW pretty much gave himself.
I've been invested on and off, and I believe I'm the project and JW. But those share options should have been RNS'd after the equity news. I think equity news will be due before the 31st, if anything, to keep the wolves from JW's door.
The 1.325 is an uncrossing trade so gave us a false close. Delayed £28k buy just printed
Just another opportunity to top up prior to news arriving.
Stay Calm ...MM's again !! The week looks sound !
Looks like MM’s games to me :))
Ouch !!!!!!!!
Thanks Humpalumps (and mcadder) - good reading. The Irish 60% dependence on energy from Gas against vs the isalndmagee project looks like a real opportunity. Just researching competition - doesn't seem to be many around this size (under £13m Mcap)?
This was a good post that mcadder wrote a little while back that gives a good summary of infa :)
Here's a quick recap of one of my recent posts to give you an idea of the sheer value of the project and I've even amended the total amount invested to date from £11.5M to £13.5M as was pointed out to me the other day lol. The answer to your question re where could the SP go is anyone's guess but upon confirmation of an equity funding deal alone should see this hit 4-5p.
(The environment)
• R.O.I & N.I undergoing major gas expansion programme
• Gas to replace Coal, Peat & oil for heating= increased demand
• R.O.I & N.I let down due to isolation/lack of infrastructure
• No gas storage in Ireland means lack of security of supply
• Ireland to miss it's climate change targets by huge margin
• Gas spot price volatility to increase = higher consumer costs
(The project)
• Will benefit 2 member states therefore has PCI status
• PCI status includes storage facility and reverse flow of SNIP
• Strategic asset of national importance
• Qualifies or EU funding (FEED & earlier phases included)
• Ongoing application for another £40M grant (decision Feb 19)
• benefits from UK govt guarantee scheme
• Pioneering fast response facility will be first of it's kind in UK
• Potential reduced Capex costs of £265M from previous 320M
• Economics to be based on daily not yearly price fluctuations
• Advanced talks with 3 blue chip funders(4th now on the table)
• Recent letter of intent from offtaker with 6 interested parties)
• Huge interest with traders will help reduce volatility/prices
• Project has sense of urgency due to closure of Rough
• Application for additional licence for 15 more caverns
• Potential twinning of SNIP (allowing for Rough style facility)
• £13.5M + already invested in the project to date
• Seismic studies show Islandmagee only suitable location
• Potential different uses for caverns (decarbonisation of grid)
• Potential 40+yr life of project with 21.6% forecast IRR
• Fantastic bod comprising JW, GL, AD, JT and AR
• Plus bod who are aligned with shareholders with a decent %
• Full planning consents along with local support (RARE!!)
• Storage licence & environmental impact assessment in place
• FEED fully completed with all recent milestones achieved
• Recent land purchases undertaken
• Numerous LTH'S here unwilling to part with their shares
Interested in some opinion here - not holding but caught my eye. Thoughts on why INFA is a buy? Some volume shifted last week and a steady rise toward 2 since Nov 18. Doing my own research (naturally) but ijust started that process and interested in some views here if anyone has time?
We’re all just waiting patiently
Tumble weed @..................................@...........................
All will be inextricably linked O&W Lots of toing and froing between various parties I imagine.
spud,
We haven't heard anything more about the offtakers in a while now. We've all been fixated on the equity partner and funding offer, but news should be coming soon on the former. In fact, the two aspects of the project are clearly interlinked - one can't go ahead smoothly without the other being in place. And pretty soon, the EUR40mn grant award decision, too.
I'm intrigued to learn how the news flow comes out chronologically in the next few weeks/months.
Imo
Islandmagee MRS is so much more flexible and why traders (off takers) are lining up!
The "best in class" facility will be able to switch between injection and withdrawal in under 90 minutes.
A lot of Shannon lng would end up in our caverns imo, Shannon is just another way of supplying gas into the grid then traders using our facility take over
Hi Snowman.
Hmm, I thought that would be the likely response, and quite reassuring if correct.
The point is, Ireland will have growing energy needs over the next few decades, no question. And reliance on peat will decline as gas and electricity transmissions covers the island fully. Meanwhile, absolute levels of indigenous NS oil and gas supplies are falling, and nuclear is off the table now as an effective growth/replacement strategy.
That leaves growing reliance on imported gas via European pipelines, imported oil, more non-fossil fuel derived energy sources, or imported LNG. The IM facility, in my opinion, will not be, is not, designed to solve this supply/demand problem but rather smooth out frictional price discontinuities at temporary exogenous shock events - weather, force majeure, etc.
Nevertheless, once the Brexit issue is solved and put to one side of the great national issues of the day, I am confident that UK/Irish energy security will rise to the forefront of debate and media attention. Infa will be shown as a shining example of the way forward, a part solution. That can't be bad for early doors investors here.
Would be an awesome time for it now that the .6's are done : >
Unfortunately, have to be up at silly o'clock so going to bye bye's now.
Wouldn't be at all surprised to see a 7am RNS tomorrow morning ! (ramp! ramp!)
GLA !!!!
Can't seem to see anywhere what stage that project is even at, are they even construction ready ?
O + W
Sorry, one further point on that matter.....I did ask that specific question in London at the 4th December shareholders meeting. The question was taken by JW who had the view the Shannon project did not conflict our own plans, in fact complimented them!