Member Info for jfk9

I think you’ll find that’s to buy, at 0812 I bought 191k at 1.044p or MMs playing real funny buggers this morning

Difficult to resist at 1.04!

Not looking promising this week, implies not great expectations for news early next

Sorry David my fault, I bought another £8k worth this morning, so put the kiss of death on it. Mind you now tempted to buy more tomorrow!

Spell interesting find, reading it hardly inspires confidence of near term revision. Thus my point about paying a dividend, apart from giving LTHs something back for their patience, it also sends a clear message to the tax authorities.

In the case of Trin tomorrow never comes

I am sure that Bruce and team are only too well aware that there is no point in investing and developing those assets until such time as the ludicrous tax regime is overhauled. My view continue as is and pay a dividend

Come on guys leave poor Naz alone, when all said and done he is a harmless troll - I find him rather endearing.

Nothing like a good bit of barefaced ramping!

In its absence MMs trying to suppress sp, sell at 1.088 are buys, I just picked up £3k. Clearly intended to panic nervous holders into selling

One can’t understand the difference between warrants and options, the other fracking storage but both plague the BB

I suppose the key question here is whether the right change a the top could attract a suitable JV partner or at the end of the day is it the case that the associated costs and risks are such that the project just isn't viable?

Five months or so until the next agm in London, perhaps that's an opportunity to turn up on mass and make our feelings known. That's, assuming they haven't finally failed by then.

Interestingly I am invested in a gas storage business which a few years ago was not in a dissimilar position to Roseis now. In that case the Board had little skin in the game, paid themselves well, spent lots of money achieving very little and diluted shareholder value. Subsequently, a shareholder driven revolt ousted the old Board, the business has now been transformed led by a dynamic new Board whose interests are aligned with that of shareholders and the project is now coming to fruition. I personally have no doubt that left to the original Board the Business would have failed resulting in a fire sale of the project, the former directors no doubt grabbing a final opportunity to line their pockets.

Perhaps, as time runs out, in the case of Rose a white knight will emerge!

Can’t see how they can possibly sucker anyone else into providing them with funding so I guess they go to the wall. I wonder whether there is anything to be salvaged?

How so - because we have been unsuccessful first time around in securing a grant for a project which, at the end of the day, is commercially viable without grant support?

Nobby, when talking value, just an observation from Storenergy website it appears that the Stublach project in Cheshire will have 20 caverns (currently 15 complete) capable of storing 400Mcm of gas at a project cost of £500m, whilst Infa phases 1&2 will provide storage capacity of 450Mcm in 8 caverns at a forecast project cost post FEED of £265m. In addition the Infa project will have the capability of switching between injection and withdrawal which as I understand it Is unique.

I was happy to pick up a further 270k very late this afternoon, though not surprising it did take time to settle.

Good news, invariably that will be followed by yet more dilutiion and a further decline in the value of my investment, oh and sp another 5% off today

Like others felt a little let down by the placing, nevertheless took the opportunity to add £15k at 1.21p yesterday, but got a little over excited and added a further £6k earlier today at 1.34p, not quite so clever!

Saving grace is that Allenby and mates didn’t get the placing price lower. It would have been nice to see a 1 for 5 offers to all holders, which would no doubt have been administratively more costly and time consuming but far more equitable - it is not as though the placing comes from a position of weakness.

Very disappointing, loyalty always gets shafted, let’s hope this is it.

From the Storenergy website interesting to note that Stublach will have 20 caverns (currently 15 complete) able to store up to 400Mcm of gas at a cost of £500m, while post FEED Infa phases 1&2 at a cost of £265M will store 450Mcm (5th Dec presentation slide 13) in 8 caverns. If these figures are correct creating Islandmagee storage is broadly half the cost of that at Stublach.