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I hope not. Its cr^p
Is Infa the new Sxx?
"Crap" is one word for it - misleading is another...
Look back to trades at 9.00
You will see the spread was .82/.85 therefore has to be a buy
I know......its a crap system for reporting delayed trades.
I'm new to this Humpalumps but isn't that a sell at 3m?
Buy of 3 mill as well ; >
Looking good.
It looks to me that once again we are looking at the next break out news soon I hope.Regards to all.
Nice buys coming in.
0.9p on HL for buys. Some significant buys this morning. Nice to hear from CRL. GLA
Getting more noticed by the day. Some great work by you lth over the weekend and a good read.
A significant breakout on the chart above 0.8p.
Looks like it could head up to prior highs from here pretty sharpish.
Nice and easy and news any day .
Hello crl 123, very good to hear from you. I'm still here and I've kept a weather eye on the vagaries of your " other share". I hope it will soon pick up again.
As you know,I'm sure, we got a new BOD at INFA with a super duper CEO and things have taken a turn for the better, and they are predicted to make further improvement. It hasn't been an easy trip but I'm sure the best is yet to come. spud the plumber is keeping us all up to date with his invaluable information stream and mcadder still provides lots of in depth info.
Good to hear from you. Stay well.
That certainly provides some perspective jimmy!
About 50% north of the current MCap then.
The figure has recently changed to £13.5 million on the bottom of the rns.
That's total money spent to date getting the project up to this level.
It'll be very interesting to see the structure of the deal
I think I read it was £11m INFA have put into FEED. But when you take into account the years it took them to get there, and all the associated development costs I think they need to be compensated at £20-30m for it to be worth it. Plus a stake in the project.
I agree Jimmy! I imagine a significant "sell down" of this first project which will release a decent lump of capital to push the other projects. Slide 7 of the presentation shows the risk profile of projects. Equity partners aren't interested getting involved at the top end (most risky) so I'm assuming they are willing to pay a reasonable premium as the projects are derisked? I also agree about the potential EU grant windfall being written into the contract. Infrastrata will retain a certain % of equity and long term income from project management (initially) and then as facility operator. Future projects are ring fenced allowing the team to develope each one, increasing the value to infa before selling an equity % in each to get them away
Crl just seen your post good to hear from you it's been a long time! The days of 0.24p seem a long time ago however it was only Feb this year lol....if we knew then what we know now I think lot's of investor's would have thrown everything including the kitchen sink or even remortgaged their house to buy more Infa. Hindsight is a wonderful thing it's a shame you sold out back then and didn't buy any back. Great to hear from you hope you are well :)
Thanks Spud and O&W. Unfortunately the link is 31 pages long so I just posted bits of it on here. If the twinning of the pipeline and the extra caverns were to be covered by a PCI then it would be significant and pave the way for Rough No2 on Islandmagee. Either way we look at this whether on an 8 cavern or 23 cavern basis the evidence shows and has done for a long time the sheer need for the facility. What would be even more significant right now would be a positive update on equity funding. My money is on an update this week :))))
This week? It will be interesting to see if they announce it. I imagine they will write into the contract the potential for the EU grant in February for 33%. Also, if the government backs 60%ish of the loan to build the facility, what will the equity partner take?
I think INFA will hand a good chunk of the project. They should get favourable terms of the government backs a loan for them or an equity partner. What INFA need is a good chunk of cash as part of the deal. This would stop dilution and help progress the project and potentially other projects they have there eyes on.
If funding is secured I imagine £30-50mcap. Upside would be in February if the grant is secured. Anyone have any other views?
Yes mcadder great link!
In the grand scheme of things the reverse flow of SNIP is relatively cheap (2-3 million I believe )
The twinning of the pipeline is of course a reasonable size infrastructure project.
I remember this tweet by JW
https://twitter.com/JohnWoo64494325/status/1060163052182667265?s=19
EU conference , looking at future funding opportunities for new PCI projects to 2021. Great information to throw into the mix when evaluating potential projects for project’s 3&4
So potentially 15 extra caverns and twinning of the pipeline may become PCIs
GLA
mcadder, that's a very insightful paper. Thank you for showing the link.
What I mostly got out of reading it, were twofold: first, the interesting discussion about reinstating the Rough facility, and how that might lower consumers' energy costs, both in Ireland and the UK. And yet in a footnote the authors make it clear that after a formal review process by the UK Competition and Markets Authority, it was concluded that a refurbishment of Rough was "economically infeasible", based on current forward projections of the Summer/Winter gas spread.
So the paper argues the case for a "Rough" in its own independent analysis, with an EU-wide audience and supportive background, and yet there will be NO Rough facility.
So step forward, IslandMagee. Especially, step forward if plans are confirmed for multiple new caverns beyond the initial project. IM can replace one half of Rough, by itself. It will take on strategic Irish-UK energy infrastructure significance, commanding increasing media attention and respect from the UK energy sector, both in industry and in government circles.
The other point really follows on from the first, quite naturally. It is that for these plans to take hold and make a meaningful impact on Irish-UK energy security and lower consumers' costs, then the gas pipeline facility still needs to be two-way between Ireland and Scotland, with IM an integral component of that twinning arrangement.
I predict that 2019 will be a year of startling revelations about the role IM plays in energy policy and forward structural planning.
This is a call-by post congratulating all holders from the placings. Particularly McCadder and Setanta if still here. Adrian did what he promised and deserves congrats too. I had to sell out a long time ago at a loss but wish I’d held and trusted Congrats particularly to McC if still here and Setanta if still holding. Well done. Well done to you too Adrian if you read this!!! You deserve it. I’m still in my other share ( you know) but nursing 40% down....but shouldn’t be there for long. Placing plus WTI took it down. All the best.