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It's obvious people are watching the company else why buy when everyone else is buying?
5% of the company traded on at 1453 RNS. Tomorrow should be another good day.
Hoping someone believes it won’t dip again below this point ?
Why do people buy on a spike? Mystifies me. It was sub .5 yesterday. Buy then
We have lift-off! No turning back from here in my opinion.
those trades at 59.9 and 60 are all buys btw
and that 15k seems like a buy as well
Fully agree. Still find it odd that there are so many sells going through. All. Short term thinkers?
Or, could it be SNAM, Italy's equivalent of our own National Grid? They are reportedly looking to spend €700mn on storage projects across Europe in their five-year strategic plan.
Same here Radders, even come out of Twitter chat room, (stonemantle) Had final top up yesterday, just going to watch and enjoy the ride. GLA
Stopped looking at SP every 30 mins and this happens !! Nice
Next RNS will probably be confirmation, in November, of the surface and sub-surface deliverables and cost estimates wok completed, on schedule. Just in time for the Dec 6th investor meeting.
Let’s take a stab who this party is, id assume Vitol. The fact we are so close to FEED conclusion with a likely increase on many fronts including 40 year project life and projected NPV/IRR is a tell. Bluechip offtake discussions moving forward and a submission to request approval for grant funding 6x the mcap. A board lumping in £350k on market of their own money and a capitalisation of just £5m? You can’t get anymore obvious for a standout buy in terms of risk/reward in my view. This moves very quick as seen today and those short sighted who can’t clearly see the potential returns from a project of this size are likely to miss out. At £5m there is a hell of a lot of upside.
Doesn't have to be a UK name. Could be Asian.
A blue-chip stock is the stock of a large, well-established and financially sound company that has operated for many years. A blue-chip stock typically has a market capitalization in the billions, is generally the market leader or among the top three companies in its sector, and is more often than not a household name
That means FTSE 100, right?
December 5th 6.30pm start - nearest tubeTower Hill -The Board and INFA team looks forward to meeting you
Best
Binding or not, to get a response like that over a period of time that big shows where this is going ;)
Great news!
Light the touch paper & watch the SP rise this RNS has to be good news binding or non - binding & is a good step forward.Hopefully I am not proved wrong.
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Great post O&W
Lots of options here
Just as a matter of interest which may or may not be of great importance........does anyone know exactly how much land and access rights we now fully own in the vicinity of the lough? This could be very interesting.
Maybe we should looking at purchasing a few more fields adjacent to the Lough !!?...or even the Lough itself !
Indeed, spud.
Just consider this. Keeping a minority, free carried interest in IslandMagee, in recognition of the monies already spent up to and including their 50% share of the FEED study this year, would eliminate the need for any equity dilution by Infa to build up a much larger stake that we all think is the end goal.
Let's say Infa has spent £15mn and can earn a 15% carried interest in the project Phase 1, costing £100mn. And let's assume that Phase 1 generates one half of the projected net revenues of the entire project, then, from last January's presentation, Infa stated:
"Modelled revenues over 20 years once operational: £1,219.5m (real/money of the day)"
That's £60mn average p.a.
15% carried interest on that would generate £9mn p.a. to Infa. for 20 years. Maybe for 40 years, according to JW.
Now compare that annual recurring revenue of £9mn to the current £5mn MC.
For those who can grasp the value disconnect here, get your buying boots on. This discrepancy won't stay forever, especially if this IS indeed Infa's chosen strategic plan and it is communicated to the public in the next few months (maybe in December at the public meeting?).
But it doesn't stop there. JW looks to have plans to go after projects #3 and #4 in the PCI arena. Add-on business to the core IslandMagee carried interest stability, each adding its own incremental value opportunity, using this same approach of "build and sell".
We just need some more communication from JW about these plans and how Infa intends to square the circle of funding IM and yet retaining a quantum of equity ownership.
I've stated to think that may be the plan O&W. Get the project to a certain point, sell a chunk, keep an interest and move onto the next. So many possibilities here and only a small group know what the real plan is.....