Looks like INFA is breaking out of a Falling Wedge pattern. Same pattern in Q4 2018 formed, and it took news on the Islandmagee Gas Storage Project (An Offtake Update), to be the catalyst that led to the breakout. IMO
changed political landscape. Better to keep options open, and catch the rising tide of UK government's investment in infrastructure. The conservatives are pro business. IMO
Never like the use of terms like 'Greatlanders'. You should never fall in love with a share. Has a tendency to blind you to the facts. Also, never take 'tips'. Thats my Christmas present to you all.
I don’t see any need to panic. JW is playing by the rules in regard to gaining the marine licence. And he is showing awareness of the changed political landscape in his bid to gain the best financial backing for the project. One that will be of strategic importance for the future energy security of the UK and Ireland. IMO
"The Shareholder Loan has $4.1m outstanding as at 23 September 2019 and matures on 30 November 2019. The Company has initiated discussions with lenders on a potential extension or restructuring and will provide a shareholder update in the coming weeks." Half- year reports states a conversion price of 5.2p. Is this the cause of the current state of the SP?
The anti INFA people are revelling in the drop in sp. Yet we have had no material news in the last while that is of a negative nature. I believe the sp has drifted to this level because of the lack of positive news. Of course no news of a positive nature is being release as the with the ML, FID etc are yet to be concluded. It is simply a matter of time. IMO Good luck all
It looked like it was finding some support around .46, now its finding support around .41 as it did in September. I guess its testing the balance of supply/demand to confirm a bottom. Of course, positive news flow will send it higher. Just a case of holding if your research shows you the potential this company holds. IMO
The RNS shows what potential INFA holds to become a great company, providing employment in Northern Ireland and security in gas supply for the UK and all of Ireland.