Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I have been wrestling with this one since Friday. I don't want to overreact / appear to be hysterical re: something that might not happen, but at the same time I think it would be such a devastatingly ill-judged decision that it would be wise to talk about it in advance in the hope that IF this was about to happen, PERHAPS it could be averted before it happens.
INFA's new company address is the same as Fairfields and Gazprom (UK) Ltd, one of Fairfields clients.
Let's talk purely theoretically. A big IF can be placed before everything that follows ...
Suppose Gazprom put in the late (and most lucrative) bid to be Project Finance partner "It's all going East". JW was for it. GL was against and he left. All guess work might be miles off).
Gazprom carry out extensive due diligence - more than the others - and probably now know everything there is to know about Islandmagee, the project, the geology, the people, the risks. Everything.
Then this news about address change comes out first. Maybe JW is asking for our opinion. I think we should give it to him. I believe most of the significant shareholders of INFA are, like me, patriotic Brits, who are both trying to make a few quid, while improving our national gas energy security, which without Rough, is precarious. It is one small part of a plan to reduce the threat Russia poses to our security of supply and price. Another is renewed Gas exploration activity in North Sea, LNG imports and diversification into Wind etc.
I'd rather be called nuts and be wrong, than not say anything and be right. I urge all significant shareholders McAdder, DAwski, Setanta, Peter Wale etc to contact JW informally with a simple statement "We do not support this". He'll know what it means. Let him know that if he does this, we will not back him. We've removed one board, we can remove another.
The fundamental problem with getting into bed with Gazprom is that they are a tool (and occasionally, a weapon) of the Putin regime. And we have been in an unconventional, non-linear, hybrid war with the Putin regime for several years now. We largely use economic sanctions, but they use all and any channels at their disposal, including corporate transactions.
Putin's leverage over Europe and the UK is Gas supply.
Gazprom (i.e. Putin's) interests re Islandmagee are diametrically opposite to the people of the UK, patriotic INFA shareholders, the DUP, the Tory party. Assuming their terms were the best, you have to ask 'Why were they so much better'. Because the value for them is not commercial, it's strategic and geo-political. It's ensuring they maintain their leverage over us. However they're involved, IF they were to be involved, it would make absolute logical sense from their perspective for the project to not be delivered or at least delayed as long as possible. I would surmise it will become mired in legal issues and will rot.
https://en.m.wikipedia.org/wiki/Hybrid_warfare https://www.bbc.co.uk/iplayer/episode/p04b183c/adam-curtis-hypernormalisation wake up JW
I think I may have just worked out why GL left so abruptly. If it's true, JW has lost his mind.
https://www.fieldfisher.com/locations/russia-cis/corporate "Advising Gazprom on establishing its UK operations and providing corporate and commercial advice." Also gazprom UK registered address.
GAZPROM (U.K.) LIMITED. Please let it be a coincidence and not some sick joke
Don't listen to Nazereme, sir, he's mmm he's mmm m m m mad sir. Respect, Si.
You did make vile comments when comparing the death of someone's daughter to losses made on CLNR. You revelled in it without the slightest remorse or sensitivity, exposing briefly how truly dire an individual you are. The post was widely criticised and removed.
I'm Brian and so is my wife.
Sounds painful mate. You should get it seen to.
Do it Nelly. 80s kit Stuart Pearce style. What an absolute legend he was btw.
Only SAVvy investors need apply
Nothing proven yet. This is speculative as Cam said before me. Research it, choose whether to buy at ticket and wait. There are a few of us in at these levels. My average is probably around .25, but have picked up some at.18 and .35. don't bet the farm. if you want a more solid prospect, INFAmous STAR shares can be found but not NeCCessariLy with the correct spelling.
Cam's summary a while back. This was the investment case that drew a few of us in even before the news this morning... "22 Jan '19A few more people looking in I've put a little bit of research bellow.
*** This play is about as speculative as they come, a lot of ifs buts and maybes, a lot of reading between the lines... But could offer a lot of upside! ***
For every $10m returned above and beyond $15m it adds around 1.3p to the share price from the current NAV of 0.60 (ish)
Assuming a $200m sale on Celadon we would be looking at 1.9p ... $400m = 4.5p
Again this is about as speculative as they come so certainly don't go putting your house on it!
I'm hoping for anyone who has just bought in that your timing has been impeccable!
Best of luck all."
It's all conjecture. None of us know. I guess thats teh risk you take some getting in early. Is it going to pop? They said further news to follow shortly in RNS.... IF conjecture is right though?! You'd think though that if an ex US Prosecutor finds "cause" for sacking the investment advisors, legals would follow and I think it'll be out of court settlement give those involved. Not sure how long that takes.
Read the last year's research in this bb babbler (won't take long). Much more at stake than £14m imho. Dyor. GL
First up any new investors should know that the old BOD we're sacked by the two major iis shareholders. The new BOD are experts in cleaning up 'corporate havoc's scenarios aiming to recover £ for shareholders. Current BOD are straight as arrow. One is ex US Prosecutor who dealt in high end white collar crime. The As who have been sacked today are linked to the old BOD. They gave much of the horrendous investment decisions about investments in China/Mongolia etc. Research this for 1 day and you'll see some mahoosive
'goings on' and some very large £numbers at stake. Just so happens the brains behind the old company is one of the richest men in China. That's why I say this is never going to court.
*people
This will never get to court given prior involved. I'm guessing out of court settlement for big money.
How utterly farcical from the UN. In the tech world, 3 years is an age. I expect they're still loading up on fax machines (like NHS). Just make a f'ing decision already.
Our next project, perhaps? Maybe GL thought it too soon? All conjecture of course. Nothing to do but wait unfortunately.
Hi CF, do you know the steps following JDA, right through to first power production?