Member Info for Fyoz

I thought they could start extracting coal bed methane before drilling deeper for the shale gas?

I reckon the period that gives the best indication of where this is going is since Feb 18. That was when they announced the accelerated book build. 42% growth since then

Of course you can pick any period to suit your agenda, but for me that's when they got the 'war chest' and knew what they wanted to acquire

ttaa

Isn't it possible that whoever is going to fund it going forwards, is also at the negotiating table? Gerwyn & family will want to put as little of the licences in as they have to, the funding party will want all of them. The solution lies in the compromise. If there is no agreement then we won't move forward?

Fair enough but:-

'the Board is confident in its ability to successfully complete the process.'

sounds about the best thing we've heard for ages to me

and you didn't think that was worth sharing te1970?

'Emailed gw and someone called Eran Zucker responded this:
I received your email below from Infinity Energy.

Many thanks for your enquiry. As per the recent announcement made by the company, the process of applying for Standard Listing continues.

While obviously the listing will not take place in September, the Board is confident in its ability to successfully complete the process.'

Eran Zucker lists himself as MD of Peterhouse Corporate Finance on Linkedin

3tl

It's not ranting, maybe I'm getting a bit twitchy after waiting almost a year with very little news

I'm sure it will all come good in the end, just wish it would hurry up a bit

"almost flat out just to keep it moving."

on a lake? not a river?

How many magic mushrooms did you find?

Yes, me too . . .

Thanks for your replies

So if Fortune decided to pay a dividend, would that go some way to 'catching them up'?

Last fund raise was for £5.25m so I don't see why £6m wouldn't suffice this time round

Let the partners do the work, use the funds to keep key personnel, attend client briefings etc

It does what it says on the tin (even Maersk admitted that), just need to sell it now

Apologies for 'being lazy' but you probably know the answer off the top of your head Nick, do Largo pay a dividend?

baserite

I have similar concerns myself. Personally I'd rather have 30% of a £65m company now, rather than try to grow my own £50m company

As we know, fear & greed drive the markets, let's hope for all our sake's that common sense prevails

BOTAK

As far as I'm aware QFI don't contribute to the costs of the projects, they are largely borne by the client. Certainly CEPSA modified their refinery at own expense, and KSA the same. Although I believe we do own the MSAR unit at CEPSA. I seem to remember there was a business plan, for much later down the line, for QFI to become producers in their own right 'merchant model', but that would be after generating significant revenues from the licencing model

With the 2 partners we have now, JGC and Freepoint, if neither of them can come up with a contract in the next 2 years, I'd say it's not likely to happen at all. In that respect, I'd be prepared to suffer say 30% dilution to see if either of them can bring home the bacon

Yes I agree 2.85p is a cracking entry point should we get a contract, and I would also partake in a rights issue or similar at 2p, to compensate for the dilution. Might sound crazy to some but as long as the company keeps going the prize is still there to be had

petergar

Not billions

300m shares @ 2p would bring in £6m, sufficient to run the company for another 2 years

Dilution would be about 30% for existing holders

Not ideal I grant you but not the calamity you suggest

One year ago the 50 day SMA was 0.6p. Today it is 0.85p

That's a 42% increase

BOTAK

Check my post history, I've made a case for the company's prospects quite recently

Yours was the misleading post saying they'd burned through £1m since June. And then you say something about 'hopefully the truth', and accusations of bias

Really?

Come on BOTAK, that's shoddy maths

"At 30 June 2018, the Company had cash reserves of £2.2 million"

So less than 3 months later they haven't burnt a £Mill, not even £700k, still don't let the truth get in the way of a good de-ramp . . .

"This drill will cripple Corallian"

"Maybe someone with more knowledge of the proposed drill can comment"

Make your mind up . . .

"Good luck all, from the many who are locked-out of this share"

Grow up, nobody is locked out

Give Barclays a call, or get your mum to do it . . .