Member Info for MrTriumph

Simon,
So your analogy is based on "thats AIM for you"

Your second point probably accounts for the majority of small micro cap companies floated on the AIM market, none of them produce much or earn much!! and as far as investors are concerned I wouldn't think they would have heard of UFO, these are not investor friendly companies at the minute, they are speculation bets for small PI's.
So UFO looks a good bet currently to certainly have an sp much higher than today's, it will depend on newsflow going forward but imo we could easily see .050p up to 1p with good news. So a good speculative bet.

Mr T

Simon,
Thats an interesting analogy thank you.
What is your reasoning behind it?
I would be very interested in your actual thought process as to how you reached your conclusions!!

Mr T

Tango,
Needs some volume I feel, but as you say any positive news and this should rise sharply.
Be nice to be higher than where we are currently before that news.

Mr T

Yep, cant be long now before this heads north.

Mr T

Setanta,
A very good overview and I too am interested in the sp and where it is or where it should have been!
Marine Licence
Surely this would have been foremost in the minds of the board, they had a draft marine licence to progress feed, therefore by definition they would need a full licence once all of the criteria had been met in respect of the draft licence being issued. That’s common sense. Now whether someone overlooked the fact that the applications should have been advanced further that they were in order to gain the full licence, I don’t know. Did GL leave over this issue?
The financing has been slow, but, in all fairness you have hit the nail on the head, a £7M valued aim company (should be nearer £20M in reality) attempting to negotiate 250M for the project to be able to go ahead. However all the signs were positive late 2018 and early 2019, remember they stated that a late entrant had appeared with an interest in the financing of the project which then pushed everything back.
I think JW is as quick as he can be with the news, I just think that he is juggling too many balls at the minute, that’s why it is imperative we appoint a chairman as soon as. This project is a large undertaking for such a small team and it has shown over the past 6 months.
I’m still confident that we will get there, and I’m expecting good news flow this quarter and a big uplift in the sp. I’m sure the chairman announcement will aid the sp, the 1.6M EU grant definitely will, and then we have the other milestones to achieve this quarter including funding and Fid. So plenty to come, so come on JW let’s get this show firmly back on track.
Also we have the possibility of hearing about H & W contract awards which would go a long way of counteracting the loan arrangements to purchase it.

Mr T

Setanta,
I'm certainly not osessed with the EU funding, I'm rather dissapointed that our so called partners and allies have not released a piddly amount of funding that is clearly due to Infa?
As for the financing and the recent raise, I suspect that these are two separate issues entirely. The raise for H & W is a rescue package for a failing company that was in liquidation, not a brand new project such as IM that forecasts to be a big money spinner once up and running. Therefore financing packages for rescuing a company and financing a completely new project will be completely different and from different sources.
Just my take.

Mr T

Mega,
I agree there could indeed be a thousand reasons.
Question, how long exactly does it take to read through these pages?
Do you think April until now is enough time to do so?
Or should they take 12 months?
If that is the case, then I suggest applying for such funding is a waste of time? as some company's may have gone bust having paid out huge sums only not to receive the grant proportions they had built into thie forecasts!!
I was involved in grant applications from the Welsh Tourist Board around 10 years ago, I have to say these were paid on a timely and efficient basis? They ran into the hundred of thousands!
The business I assisted relied on these monies to keep afloat at their ealy trading status!!
Mr T

Furthermore RNS dated 9 May 2019 JW stated the EU funds of 1.6M are expected to be received in the next eight weeks?

Mr T

Mega
The only evidence I can produce is that before us?
Can you suggest any other reason as to why these funds have still not been received?
As I say I will be gladly be proved wrong and the funds will be with us in the next week or so, I hope they are but somehow I doubt it very much.
I await your verdict and reasons
Mr T

Snow,
Pretty much agree with you 100% .
I can't think of a single reason why Infa have not received this money, apart from one, Brexit???
JW clearly expected this to be in the coffers earlier in the year, no question about that imo, then he said it will be received following the summer holidays, i.e. September or October? not an unreasonable assumption in the great scheme of things.
That then begs the question where the effin hell are those funds? I'm not saying they are crucial but they sure would help. These funds would give reassurance to the market that funding isn't required in the near term, they would also aid the other ongoing projects.
Snowy, I think we are bang on here, the EU are withholding our money, and there can be no other reason than what's happening or not happening at the end of the month!! this makes absolute sense to me.
I hope we are out in a few weeks time then we can ask the UK government for the funds although I'm not saying that will be a quick and easy process
Mr T

Chris,
Sorry mate but in my view that is exactly what the EU would do and will do despite your sources in Brussels.
My opinion is that we will leave on the 31 October unless the EU agrees to a deal which is still possible, there would be no reason to stay any longer and leave the UK economy in a state of limbo. This needs sorting now one way or the other, it cannot go on.
My view stands that the EU will not release the funds, certainly not before the 31st October, why would they!!!
I believe that Infa will receive the funds but it will not happen in the next few weeks.
I hope I am wrong and we receive before the end of October, there does not seem to be any plausable explanation of why we have not already received these monies, other than the EU dragging it's feet?
If you remember JW intimated that the funds would be heading our way after the holiday season, therefore September onwards, still no sign!! why not? how long does it take to sign off a grant for a piddly 1.6M £ tha should have been signed off mid 2019???
Ridiculous.
Mr T

Notification in today's pres regarding the UK leaving the eU on 31 October 2019.
EU Funding
The UK government has guaranteed that UK organisations will continue to receive funding over their projects lifetime if they have successfully bid into EU funded programmes up to the end of 2020. Payments can extend beyond 2020.
Seems to me the EU are deliberately holding back guaranteed funding to UK projects until after the 31 October 2019, if we then leave without a deal it will fall on the UK government to issue the funding.
Therefore I'm sure this will be the case and we won't see the 1.6M until at least November.
Any views?

Mr T

Excellent research Tango.
Some nice buys into close, could it be those 26m shares are cleared?
we will know tomorrow, rise equals almost certainly, drift means probably not?
Mr T

Could be, at this rate won't be long before all sold!!! 26M in total.

Mr T

Older
Yes fair post pretty much summing up where we are. However do you mean Jan 2019 not Jan 2018 as the shares outstanding Jan 2019 were circa 1.25M and the sp peaked around 1.5p? Therefore the shares in issue have not tripled since that occasion?
Also a valuation of 22M is not outlandish, in fact I could argue we should be around that price already, in fact if certain aspects had been achieved I'm pretty sure it would be?
As you rightly say though, delays, delays, the one word that will instantly crash the so of an AIM company.
Agreed not a slam dunk investment yet, on the other hand if you can show me one of those to invest in I will gladly take your advice lol?
Still a good investment prospect though which could return decent gins over the upcoming months, plenty of newsflow to come and if all the duck line up, well who knows where this could end up?
Mr T

Tango,
GL left 8 March this year as per RNS, it was stated the search for a new Chairman would take 3-6 months!! therefore they have had more than enough time to secure a new Chair by now.
My money is an announcement next week, well before the raft of good news gets underway.
Now EU, give us our grant money, that is now well overdue, the 1 .6M will come in very handy at the moment and provide a nice financial cushion.
Mr T

Snowy,
When do you think the new chairman will be made public?
Got to be very close, next week?
I would think that it has to be very, very close as be good to move into the next few months with the chairman sorted.
Next week for me?
Lets see

Mr T

Aunty
It will depend ultimately the number of shares in issue?
3p is good enough for me as a starting point, although it could go to anything once the news starts rolling in,
Be interesting as well to see if and when H& W start gaining contracts ND what monetary value those may be, I assume Infa will be obliged to RNS these if they drop?
All good imo

Mr T

Could explain why the sell side outweighed the buy side on big volume day's and why the sp hasn't risen further.
Mr T

That is how I read it? if they have of course forward sold, that is speculation.
It cuts down the debt on the H & W Aquisition and it did state in the RNS that there would be some equity issued for parts of the debt. The question is why so soon?
Mr T