Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Speedy, you seem very interested in me. It is clear the long term faithful shareholders (many who are on this board) are now irrelevant to INFA with the large dilution and lack of information. From tonight’s exit poles it also looks like INFA will be irrelevant to the EU and Northern Ireland will be irrelevant to Boris.
Will rule out a few myths ... never held shares and no links to previous or current officers of the INFA.
If only you knew guys ... nothing could be further from the truth. Remind me not to watch an episode of Columbo with you all.
The European Union should phase out its funding of oil, gas and coal projects, EU finance ministers said in a joint statement on Friday (8 November), in a move that could mark a major shift in the bloc’s efforts to combat climate change.
Sometimes the truth hurts but it still is the truth
Crux have a number of pots of money and some is very short term. As soon as there is a price movement, there will be a lot of sells and unfortunately there are a lot of shares to keep the price low as long term buyers of this volume will be hard to find. I really do appreciate that the guys on this board are all long term holders who have witnessed the painful dilution of INfA many times. From that list however, there isn’t much Christmas cheer for a long time even if INFA puts out good news stories as supply of shares will outweigh long term buys for years to come.
Some pretty big short term sellers in that list. Did the broker vet the new investors intentions at all or just take money from anyone who would pony up.
Ask the hard questions to the board and stop being nodding dogs.
1. Is INFA now a ship building company
2. Will the EU funds ever come or is this dead
3. Are they moving away from Islandmagee Gas Storage project
4. Where is the WIP coming from - is there further dilutions or a mezz lender (and what are the dilution terms of a new mezz lender)
5. What is the monthly hold cost of the H&W site.
Why do you guys always try to mask the facts and can’t see what is so plain in front of your noses. Let’s call a spade a spade... shareholders have been abused by this company and will continue to be unless you guys get your head out of the clouds of “maybe tomorrow will be better” and look at track record and dilution.
Really Kibuc?
I am just amazed at this company and the way it treats shareholder. If any BoD caused the nose dive INFA have seen, they would be removed sharpish.
Or they could issue more shares to cover expenses and go a million to one like the BoDs usually do
I am amazed that guys like you accept the dilution and flooring of the share price and then commend the Board. Look at your share price.
What is the next asset the BoDs are going to buy? Any ideas? Let’s get more shares in circulation.
I think everyone would be very supportive if INFA turned into a ship building company now. The other projects it was previously involved with and are currently trying within oil exploration, fracking and gas storage seem to gather the wrong type of opposition and image. Shipbuilding could be the way forward for this company and keep everyone happy.
Droderik - let’s wait to see what the structure is and see what revenues will flow to INFA in this venture. I have often found in these ventures, if successful, the JVs are structured with high leverage and high hurdle rates to prevent income flowing to the topco and the passive listed shareholders. I don’t want to be negative but the way shareholders are treated in this company is nothing short of disgraceful and the fact that insiders get out before the faithful small shareholders is simply not right. These late sells should be investigated ..
Dawski - there was one other bidder, MJM group - they are fit out specialists and everyone thought they were the right buyer. They however valued H&W at £1m (it is well publicised in the press) and when they pulled out INFA stepped in at £6m.
Speedy this is good news for the workers. Do not think my comments were overly negative. I just want shareholders to remember that INFA have no money of their own so anytime anything is paid for it usually means a massive dilution on share price for months to come.
I wonder why the Nomad and MM are so negative on the share price. As this was done on Friday afternoon for a 7am RNS, they must know what is contains. How much dilution will people want to take?
They probably missed the RNS deadline for disclosures but this explains the large sells and depressed share price as obviously quite a few people knew what was going on. Who is going to expose the terms or wait on the RNS?