Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Radders99 - I assume these are just rumours but it is bizarre that there is such a drop when there is no market news. I honestly didn’t think the share price could go much lower.
Why is the share price so low? Is the market worried this is the end of INFA or did I miss some news?
Is there some bad news that I have missed since Sunday.
At this price INFA must look tempting to day traders. Why so low?
Dead Sealife to match their dead trees. Doesn’t seem like INFA are a responsible environmental company. In today’s world where politicians are putting environmental issues to the top of their manifestos it doesn’t look good for you guys.
Bruce - I do know the difference between 3 year old growing trees and dead trees. Doesn’t need a horticultural degree to work that one out Sherlock. I also know what the INFA RPS consultant reports said about the tree growth back at Woodburn. I was however merely making the point on the subjectivity of consultant reports against the reality of what may happen on the ground.
https://www.bbc.co.uk/news/business-50267454
Does anyone know which political party will back the Islandmagee has project?
I assume INFA can’t take a licence agreement on as it doesn’t have any of its own cash to pay workers. Wise to not take on any liability cash burn of this project beyond the deposit. Does anyone know roughly the monthly wage bill?
“At the time the deal was announced, Infrastrata said it intended to start using the Harland and Wolff assets in November under a licensing arrangement with the administrators should the deal not complete by 31 October.
However, it now says that will not be the case.“
Naz - the £500k is a refundable deposit. The administrator doesn’t get to use it for salaries. The salaries are still being paid by the government scheme until we raise the £6m and close the acquisition.
Aunty - you are seriously worried about the use of a pronoun rather than focusing on the question of the cost of funds to pay for H&W? Maybe apply a bit of your twisted due diligence on not getting diluted.
Tango, we have agreed a price but not paid for H&W so my first concern is the cost of what we have to borrow to pay for it. Unless it has escaped everyone’s attention, INFA doesn’t have any of its own cash and therefore £6m is going to come at a killer cost.
Does anyone know what debt and equity terms are being offered by the BoDs of INFA in the marketplace. If at .3p like last time, we are going to be in for a suppressed share price for many years to come given how many shares will have to be issued for H&W before we even consider islandmagee
Good to serially evolve
It is good to serial Speedy. The company just doesn’t have cash and therefore time is not its friend. I hope they don’t do more deals with funders like before that suppress the share price for months. Will they pay for H&w next week?
With an exit, the EU won’t fund. The big question to answer is if Boris will deliver on his promise to step into the funding of EU infrastructure project grants. He is doing well with keeping his promises to Northern Ireland
Can we stay focussed.... infa has gone from oil exploration ... gas storage....shipbuilding...marine something ..... let’s not grab a headline but actually work on delivering something first before jumping onto the next headline and not holding people to account on non delivery of the past.
Does anyone know if there is Ground rent payable to Belfast harbour estates on H&W and roughly how much it is?
I don’t think the EU will pat this but the British government will stand over the grants that fall away so I wouldn’t worry on this one.
You and Nazarene may think this is funny but for workers at H&W the delivery of finance by INFA is key for their families and mortgages.
Thank you for your wisdom Nazareme. Bigger issue is that a loan at a sensible interest will require cash equity injected. The only lenders giving 100% loans take high arrangement fees, high interest and a big back end kicker. Ultimately this means large dilution for the existing shareholders. It won’t be easy but I am sure the Trade Unions, BDO and the Northern Ireland Government have done their due diligence on the finances to ensure INFA are good for the £6m.