Member Info for MrTriumph

If not before!!!
Surely these funds should be with us in the next 10 day's, ie I will allow a few day's post this idiotic further extension. The receipt of such will give a much required boost to the sp imo. They would also slightly allay fears that Infa is overreaching itself in respect of the H & W purchase, ie, funds of nearly 2M in the bank will look a whole lot better in the eyes of the market!!

Mr T

Bit more blue today I see, long may it continue.

Mr T

It's not a change of Broker, it's a further appointment, ie joint broker.

Mr T

Tango,
Yes it did state in the RNS that discussions were ongoing with debt partners but equity would also be considered. My opinion is that most of it will be funded by debt.
The fact of the matter is, we will own an asset worth £11M costing £6M, with no existing debt on the Balance Sheet. So if Infa intends to start utilising this asset in November as stated, I assume it has contracts lined up in readiness, as no existing contracts were in place with the deal.
Interesting times indeed.

Mr T

Setanta,
Jesus, no pressure then!!!

Mr T

Setanta,
I like the cut of your jib sir, you did say you had already too much invested here earlier today, what changed your opinion?
Good luck to you, you deserve it.
Wasn't expecting such a drop today, although another 16M plus shares have been dumped into the market added to a large chunk yesterday, I think we all know what is occurring here! hopefully soon be over and up she goes.
Mr T

Tango,
Correct there have not been any milestones set by JW that have slipped thus far. We have in the RNS 2 October the milestones set for Q4, we are still in Q4 and whilst none of the important milestones have been met as of today, nothing has slipped!!!
As for Riverfort, I do agree, however this finance is for H & W and not Infastrata as such, H & W will be run under a different banner to Infa, and therefore it is not a do or die funding excercise in the normal aim market conditions? ie the funding is not to financially save Infa as such. I wouldn't like to see further draw downs either. I think the current fall is attributable to this loan conversion.

Mr T

Setanta,
I accept your "reality", none of which I can disagree with I'm afraid.

However, one piece of good news is that JW laid out the proposals and timetable for "Feed" and met the milestones. He has now done the same with "Fid" so let's see if he achieves his goals.

As for raising finance, my understanding of the IM set up is that the finance will come in at project level, debt/equity and Infastrata will then keep a proportion of project, more than the estimated £16M currently invested and will manage the project going forward. They will then concentrate on the FRSU project and will also have H & W to manage albeit in a separate company. It's a big task made all the more so by the aquisition of H & W, that is why the Chairman needs sorting asap and the EU funds need to arrive, like today!!
Mr T

Setanta,
Thanks for the clarification, I agree they could have, but also if they had wanted H & W they could have bought it outwright themselves? I think that Vitol are only interested in the gas side of Infa's business, they are not in the business of providing finance for other projects.
Anyway good to discuss, another 6M plus sales printed so far today, get them gone asap. Remarkably the sp is holding up quite well, now are these all sells? or are they buy's?

Mr T

In the meantime let's re read the RNS from 2 October,
nfraStrata plc (AIM: INFA), the UK quoted company focused on strategic infrastructure projects, is pleased to announce that the remaining milestones scheduled for September 2019 at the Islandmagee Gas Storage Project ("Islandmagee Project" or "the Project") in Northern Ireland have now been completed. The additional 2019 milestones are on track to be completed on time.
https://www.lse.co.uk/rns/INFA/islandmagee-gas-storage-project-update-tbxcewwl3r2abt3.html
Everything on track, JW over to you, please!

Mr T

Setanta,
I hope your correct, why do you specify 15 Nov? that is a specific date to suddenly choose. I still think these funds are being withheld for the purpose of Brexit and a possible no deal, although tonight that has diminished as MP's have voted for more delay!! as if they can't read 100 pages in a couple of day's an inwardly digest, on second thoughts most of them probably couldn't read three little pigs and understand it!!! eejits and undemocratic fools that they are.

As for Vitol financing H & W, why on earth would they want to get involved with a shipyard? Just because they agreed an offtake agreement inn respect of gas storage doesn't mean they would want to get involved in every aspect of Infa's business or it's potential acquisitions. As far as I know that isn't what Vitol do?
Mr T

Tango,
In respect of what?

There should be a flurry of updates arriving in the next week re October milestones, the two crucial ones for me at the minute are the Chairman and the EU funds, I will reiterate where are these funds? I believe the EU are sitting on these until brexit is sorted, if there were to be a further delay then they will release the funds. If we leave on no deal terms, a big if at the minute, then the EU will expect the British government to pick up the tab for these claims due to UK companies.
I can't think of a single solitary reasion other than this as to why we have not received the funds. Receiving these I believe would immediatelt turn this positive purely from a funding point of view.
Mr T

Fira,
Unless something concrete is done to sort out the Cobre situation and thus stem the threat of further placings then I think this could go anywhere!!
Mr T

Stock,
I think your list clearly demonstrates the reason for the demise in the sp and faith in it's director's.
I stated many moons ago that I was somewhat sceptical of the Cobre situation, the fact that the major client is now in litigation and moreover a replacement has not been found is deeply worrying. I guarantee that the litigation will lead nowhere, but the key question is why have we not found a replacement client?
I think the other points are less important as Cobre was always the cash driver here, a point I made several times many months ago. The market clearly sees a problem here with Cobre, until that is fully resolved one way or another then there will further slippage in the sp.
I hope it is resolved and quickly.

Mr T

Yes a brilliant write up, one has to wonder though, why, the sp isn't much higher?
I think this is under the radar at the minute, once positive newsflow begins in earnest expect fireworks.
Mr T

Indeed news today on the FRSU project exclusivity extended to January 2020 in talks with far Eastern companies?
There appears to be much going on and infa is definitely no longer a one project company. Be nice to get some movement now on the Chairman etc and where are those EU funds?
Mr T

Exactly, maybe it was our friend Simon!!!
Patience required here and I think you will eventually see a nice return.

Mr T

I wonder!!!

Mr T

Simon
"So when do you think the company will start actually mining and making money.
2020, 2021 or never"
I have no idea? do you?
Also you said
"For a significant increase in SP the company to start producing.
Otherwise it will always be this low and eventually will go bankrupt"
Clearly that statement was innacurate as I pointed out the sp went to .0040 a few months ago, which I think if you use the usual calculations you will find that was a significant increaese in the sp, from .0009 to .0040???? do you agree with simple statistics?
I think this is a definate speculative buy at these levels but you need to be patient to see the upside.
Tell me, why exactly are you interested in UFO?

Mr T

Simon,
I'm afraid yu are totally wrong again!!

Look back just a few months and the sp shot into the mid .0040's now they hadn't produced anything whatsoever!!! how do you explain that?

Mr T