Bear market9 Feb 2018 16:53
Hi Bruce, considering the 2 placings we've just had in last 3 months the bod must be confident of raising the remaining 660k through other means otherwise they would have raised more at the last placing imo. As per the recent Final year results RNS the bod commented on the Concept Evaluation, FEED and commercialisation programme...............
"The Board is focused on completing the FEED Funding with a number of prospective partners, and hopes to reach a conclusion to this as soon as possible"
"CBRE Capital Advisors has been appointed to manage a new Northern Ireland fund which was established in November 2017. The £100m fund will provide debt finance for real estate, regeneration, low carbon and infrastructure projects and will be managed on behalf of the Department of Finance and the Northern Ireland Strategic Investment Board. The Board has engaged with the Fund and hopes that its application will be favourably viewed, having already satisfied the high demands and standards required for the Project of Common Interest and EU INEA."
So we should hopefully soon learn that funding for the FEED has finally been obtained considering the clock is ticking and from where exactly.
The bod commented on the patience of shareholders and it's about time we had something really positive released to give the SP a long overdue re-rate. A lot of shareholders are sitting on a huge loss atm. Considering that £11.5m has been invested to date and the extra value that the FEED funding and EU grant will give to Infa the current £1.77m mcap here is completely on the floor and should quickly move up to the £6-8m mark.