"Where there is doubt..............18 Nov 2019 17:04
........... may we bring hope ." Actually Mrs T used the word "despair" but that is no matter as we have to balance up the pro's and cons of the imminent vote and try and assess where we have come ...and where we are going.We have certainly come a very long way since the Boardroom "coup" of 2017 and now the pace hastens !
On the negative side the SP has of course had a torrid time in 2019 falling, becoming diluted and now only just a little above the minima .That would not normally go down well at any A.G.M.
Even the announcements of a placement at 1.2p. the news of the status and indentity of our new potential Offtake Partner ,Vitol, news about the opportunity at Barrow and finally the bombshell of H&W ,none of these did much to raise the SP. The latter was of course dampened by realisation of the costs and consequences.None of us could have imagined back in January 2019 that we would be where we now are and perhaps none would have expected so little of the jigsaw pieces for IM yet to be in place .No funds from Mr J etc etc.
Yes, there is a lot of negativity and all so painful at that including may I say for JW and his shareholding.
NOW ..on the positive side as I have said here before, H&W is a gem of a deal. JW and his team know a bit about shipbuilding as well as Gas Storage markets.To have pulled off the purchase from under the noses of other significant bidders ( and be assured that there were probably some "big players " sniffing around),to have kept it under wraps so as not to affect the market, then to pull of an amazing Book Build last week ..well,words are not enough.
As long as there are no gremlins likely with IM this year and then no cash call if we do become involved with Barrow and others then you just have to support the BOD's vision for Infa over the next 18 months and Vote x4 in favour ..and also support the imminent Shareholder Rights issue at .030p.Surely a no brainer especially after I urged such at 1.2p in the summer and ruined my headgear.
Today we have a mid cap of approx £5m..JW's vision is for a mid cap of £50m in 18 months or sooner.Some will say that he has "shafted" us all the way down this year by doing things on his own bat and without full or indeed any reference but sometimes there just ain't time to involve shareholder meetings and votes etc. "One has to get on with it."
Please re-read Dodders last post on 17th November.I for one do second the last para.Should be a lively meeting !! I support JW and team 110% .There is still an element of Doubt today but much more Hope !!
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