Member Info for 1750mk1

Sellers be eating regretti spaghetti soon. GM next week and once out of the way I expect FEED to commence with news on that followed by more detail and other updates. Clear that progress is now coming together on a number of fronts. Let's not forget that Allenby are on the side of caution and have a reputation for being relatively restrictive with RNS content ... which makes me think that all the talk of "detailed discussions" with project funders and due dil / possible additional grant funding etc. etc. in todays RNS must have some real meat on them. Looks like we are entering a news rich period and the newsflow could well be consisting of significant milestones.

just wanted to say 'hey presto' :)

Hey Presto... you did well collecting 15m in 3 sessions this week then.

#Infrastrata: Project Update FEED funded and working cap to end 2018 Agreements with key FEED contractors expected to be announced shortly A number of providers expressed interest in taking a substantial Project level equity in construction financing

yes... very bullish. Potential to double the operation life of the project ... added value not to be sniffed at. Also looks like some short term newsflow lined up... construction / equity finance would blow the doors off... "The Board is now finalising matters ready for commencement of the FEED, an extremely important step in the Project's development. Concurrently, we are also advancing discussions with construction finance providers for potential project level financing." re: successful commercialisation... "Following more detailed dialogue, a number of potential partners are now in the process of carrying out due diligence on the Company and the Project." The BOD aims to be ... "securing commercial tenants for the caverns in advance of incurring costs" Lots of good stuff..... I particularly like the new revenue stream of leasing caravans to gas companies and the government. I've a friend who stores and rents caravans and he does very well. GL

which is sufficient 'till August ... with transformational news due before then and confirmed on track today.

just an A trade at 2.85 so they stuck the reported SP at 2.85 (bid) ....was a fake SP at the 3.85 ask before showing a higher rise than true ... now fake in the opposite direction. It's a joke really.

correct Spud.... Bed & ISA trade.

@Setanta ... no biggie but I have noticed on more than one occasion you refer to the SP being at .75 under the previous BOD prior to the requisition ... I think it's fair to point out that this was not really the case. The SP was firmly around the .5 range for quite some time... it only ran up to .75 (it actually spiked higher) on the news and rumours of the requisition. I understand that you were not holding prior to the requisition process breaking cover so fair enough that you did no know this. Still 50% down of course and I'm not trying to split hairs... but we in far better shape for the future imo. GL

I'll take a Friday rise over a Friday drop & drift..

I agree Andy... I also have a feeling at least one big new deal is in the pipe and any placing funds will be adding significant value. Just frustrating that it looks like some knew the score and have been able to take full advantage of it... could be wrong of course but can't see any other reason for this drop. At least we can fully expect fireworks.

Very disappointing to see this drop so consistently following Brian's round of very upbeat (rampy) PR in Q1. Suspected a placing may be lined up and looks that way to me with ITK trading ? ... positive being we must be very close to the price now and any fund raise will be for very good reason and the SP should recover very quickly. GL

good darts Babbler... the only one's having a moan will be flip merchant placees from .3 who didn't get their quick trade away and feel undercut. Investors should be happy with this development and regardless of dilution should be feeling significantly more comfortable now. It's been priced to fail for some time imo... i.e.: priced not to get the FEED funding secured in time and to lose the EU match funding. That is no longer the case and the market will wake up to the fact that it's game on now on a completely different playing field... important to DYOR on this one if you want to see the big picture.

it is genuinely great news... if you don't see that then you don't understand the company or the project. The FEED funding is sorted, dilution to do it was looking inevitable but regardless... it is a huge green light. I'm back in on that. DYOR and GL.

@Robyv ... yes, you can do a bed & ISA now if you have enough left from this years ISA allowance... otherwise do it after the 5th. Best to call your broker and ask them to do it as you will get a lower fee than clicking a 'bed&ISA' button online ... ignore the spread as you get a much better spread for the transfer, but do call them to do it.

Brian specifically said it's not Tullow 2.0 ... It's United 1.0.

yep ... good spot ss

says the one who has posted 'yawn' twice in his last 9 posts and just repeats the same moaning every post with nothing of any use to anyone to say.

nhel1te... great post once again, thanks for your regular informative contribution to the board. Invaluable as always for both LTH and newcomers looking to research.

for clarity... "the 5th largest, high grade, iron ore deposit in the world..." ... it's the 5th largest iron ore deposit in the world... just happens to be high grade on top of that. Quite possibly the largest high grade resource in the world taking in to account only half has been proved up.