Infa and It's Transformational Deal11 Jun 2019 16:27
Hi,Folks ...do watch JW's Chat as highlighted in the left hand margin --he has worked so hard of late and he does smile...eventually.Now I am no expert in matters merely an observer and rampant ramper as you know,but (like you all) I am bemused at the negative SP today after a rapid rise first thing then drop back to even levels of yesterday.I can only reason this :
1. A Term Sheet maybe legally binding but it is only a bullet-point document setting out the material terms and
conditions leading to discussion or a final agreement ..still more work to do.
2. The Term Sheet is subject to " conditions precedent and final agreement " not final yet .we do not know the
conditions
3..Still more work to do on Equity/Debt funding,Construction Contracts and of course FID
4. Negotiations on the final Marine Licence--- though do listen carefully to the end of the Video as this is well
under control.
5. SNIP -this has been much dialogued lately though Due Diligence will have now been carried out by Vitol and
others so should not to be of concern.
6. AIM and the MM's /vagaries of the market place
7. Profit takers in particular Warrant Holders..maybe ?
Now having listened carefully to JW :
1. This Term Sheet news today IS transformational..We are linked in a potential long term partnership with a truly
World Class Blue Chip player who is now our disclosed Partner to be.
2. It underpins the whole business and allows Equity/Debt deals to be concluded
3. It adds momentum to funding,finalising Construction Contracts ( again with World Class players) and FID.
4. Infa is setting a high benchmark for satisfying Daera over environmental issues and all information and model test
results are provided with a daily link proposed during operations.Compliance is one of the utmost concerns for
JW.
IMHO this is why the SP is muddled today -we have the sensational news that we have all been awaiting and JW and his team must be congratulated on being able to team up with the BIG boys ..when the analysts have analysed the SP is bound to rise .remember always,folks,that the BOD are themselves invested here ..speaks volumes ..onwards and ..............