Member Info for MrTriumph

Diesel
Your last comment re the stock market is absolutely bang on. The 8m valuation currently is a joke, it represents the funds already put into the project which wild be considerably more than 8m probably circa 14m the last time I checked. All remember this project is worth 265m in total in which Infa will hold a share, which will certainly be well north of 8m or 14m
As Diesel says patience required and the downs will be followed by the up's and it was vice versa?
Mr T

Group,
I agree but others have been requesting an update, now I don't think that posters requesting updates has any influence whatsoever on the company issuing RNS's but you have a update? A neutral balanced update, things are moving along be it at a slow pace as is the norm for these projects.
The only negative was that we have to wait a little longer for the EU grant which is annoying and probably why the sp has taken a dive this am? I am however certain these monies will arrive.
I hope to see a much better and more positive second half to this year as far a sp is concerned providing no unforeseen delays we should see a steady climb in the near future in anticipation of the newsflow to come.

Mr T

Morning all,
Good solid update today everything appears to be moving along nicely. Am I right in thinking this is the first indication the Company has given that funding may come from an EU source? Didn't someone comment that Vito had a finance arm? Or an associated company attached that provides finance! Two and two? If that is the case?
EU grant monies, be nice to actually get these in the coffers as soon as but as always with anything related to dealings with the EU it takes an age, but I'm sure these funds will arrive as from all comments made Inca are owed these funds.
Today's announcement nicely sets up the second half of the year to be a positive period for the Company, all the good news on the horizon? Bring it on I can wait.
Like I say these projects take a very long time to set up and lay all of the groundwork, and Inca do not have the staffing levels to be able to move things along at a faster pace, the appointment of a new chairman would certainly help, however I think this all may now tie in with the final finance arrangement, everything may all happen at once here or in a very small window.

Mr T

Aunty
shaylor were working on a large project for my local council, already had done work on a previous 2 year contract and were awarded further contracts, my view is that they hadn't got the cash resources in house to finance their projects as is always the case with many large contractors, and as they were private I suspect cash had been extracted !! You get the picture!
I don't actually know why they took so long working on the initial contract and I would never have employed them for the second contract! Trouble is the smaller contractors have not got the finance for these projects so the medium or larger contractors win the contracts. I'm afraid the local council were to blame although they state they did their due diligence on the finances, its now left a huge hole in an important renovation project which has been mismanaged by our council from start to what will inevitably now be an over budget finish, if ever it is! A right mess.

Mr T

Aunty,
Exactly, in any case show me a construction company that isn't financially secure, Shaylor went bump a couple of weeks back, Costain appear in good health in comparism to it's rivals?
There are far too many other important issues here at the moment to be concerned with, offtake agreement to be fully signed off, EU grant to be received, New Chairman and finance agreement to be signed off? plenty to be going on with.

Mr T

GT
Excellent overview and indicates just what could be achievable here. Keeping 25% would be excellent and a showstopper as far as the sp is concerned, baring in mind Inca have already bankrolled over 5% of the capex costs your calculation and estimate may not be too far off.
The trouble at the minute is that the market doesn't seem to believe in the project or that it will proceed, something is up that's for sure? Manipulation? I can't believe we are where we re with Vito virtually on board although I have been involved in these situations before.
I agree 100% we need a new chairman as soon as, once that and a few other points are sorted I think the sp will rerate, as they say, patience pays dividends in the end. Our time will come that's for sure.
Back to Glasto now.

Mr T

Now we know why the sp didn't rise yesterday?
Now raised £650K in the last 6 weeks all at 0.15 and large investors on board.
Now need a constant flow of updates with good news and this will double from here at least.

Mr T

No discussion, no trades? after a week of falls in the sp? are we now lower than before the Vitol announcement?

News incoming:

The Company has now submitted the final EU application for the FEED study that was completed last year and the sum of EUR1.6 million is expected to be received in the next 8 weeks from the EU.
From RNS 9 May 2019? so got to be an announcement either confirming this or informing us of a delay? Can't think why the delay would arise as Infa should have been informed of the timelines prior to announcing it to the market.

Mr T

Radders
Forget the protestors, they will never ever accept whatever reasoning or arguments are put forward. They are probably professional protesters, they will turn up and protest when summoned! probably have no idea why they are in fact protesting, a bit like all those eejits in London recently with that purple boat!! where celebrities fly half round the world and back again to join in!! you could'nt make it up? but they do unfortunately and too often for my liking.

Mr T

Extremely tight spread here, indications? breakout? to the upside obviously, got to come sooner or later, surely!

Mr T

Sentanta,
The placing was flipped in advance as is usually case, the investors then make their 5-10%, then once that is done the sp falls well below the placing price. This scenario occurs in 9 out of ten placings on aim, then the sp sits below the placing price for several months after that event. We are well below that price and it seems destined to remain so for the foreseeable future. I would have thought last week's news would have pushed us up to at least 1p, but it appears it hasn't, in fact we are now back to where we were prior to that news.
My view is that the deal with Vitol has to be formerly signed off, that should confirm the offtake to the market, tick. Then we should receive the 1.6 million from the EU re the outstanding funding, tick. Then the appointment of a new Chairman should happen within the next 6 weeks, another tick. Then the all important finance announcement, another tick. By which time we should see an sp at over 2p maybe even more dependant on the deal. The further deals in the pipeline, tick.
Hold now for large gains or another crack at 2p for starters, 2p would only value Infa at circa 26M still peanuts if everything falls into place as I think it should.

Mr T

Setanta,
In my experience the investors who participated in the recent placing will be long gone, it's usually the case these placings are forward sold into a higher sp at the time, I don't believe these investors would be sitting there on a substantial loss postion? I'm afraid that never is the case. It was rumoured that the placing was one subscriber, however that was never proven so as far as I'm concerned it was the usual placing, ie the big boys flipping those shares making there small cut? Unless however someone can dispute that scenario?

Mr T

Large sell just gone through which explains the falling sp, One would ask just who is selling here at the moment, this is definately the reason for the stagnant sp at the minute.
I can only see positive news on the horizon, therefore once these sellers are out, the sp should fly!

Mr T

Exactly, jobs and industry! that is the key?
I remember when SXX were in early stages and had some locals against the project, however the majority were in favour, one of the key reasons were the jobs the mine would and still will bring to the region.

Mr T

Lees
Yes Tango, JW did say that which does sound good, I would always be wary of what a salesman says though...

Surely JW is not a "salesman" is he? I would cast him as a deal broker running a listed company who is dealing with some pretty large players following yesterday's announcement! I think the term salesman demeans JW's abilities somewhat and is not a terminology I recognise!!!
Also he made a clear and concise statement yesterday regarding brine discharge and stated an independent body was taken aback by the company's diligence in respect of these issues!
I think you are making mischief here and as a local you have every right to be against the project, I'm sure on the other hand many are in favour especially as it will bring employment to your area, something I think is paramount to some peoples thinking!

Mr T

SL
You heard something? or just a feeling?

Personally I want to see the sp north of 1p before any significant news.

Mr T

Morning all,
I echo the seniments being posted on here.
The last update was 9th May when they indicated the EU funds would be received within the next 8 weeks? therefore should b hearing in that respect this month. Remember that the dynamics have changed here somewhat re the negotiations whereby negotiations have moved forward in the following way from RNS 9 May 2019:

It may be that InfraStrata is able to secure an offtake deal for all seven caverns (phase 1 &2) rather than just the two caverns originally planned for in phase 1. If this is the case, FID (final investment decision) for phase 2 (five caverns) may be advanced by approximately 12 months from Q4 2020 to Q4 2019, with the knock-on effect of this that FID for phase 1 is delayed by six months to end 2019 due to phases 1 and 2 being addressed together. However, overall this would represent a six month improvement on phase 2 FID and bring the benefits of a larger project than phase 1 alone.

Therefore the delay is explained? I think!

At this stage I am prepared to wait, I would rather do that than have another update with the word "delay" incorporated! just my opinion.

Mr T

There appear to be many chunky sells this am?

The question is are these sells? I'm not so sure? the sp is holding steady? if sells I wouls expect a sharp dip?

Keep watching!

Mr T

From their Website:

Other projects

As part of its mission to manage energy assets in the long term interests of Northern Ireland’s energy consumers Mutual Energy continues to develop an interest in extending the benefits of the Mutual Modal to more of Northern Irelands current and planned energy infrastructure.

The company is currently pursuing an interest in:

Gas storage (Islandmagee)
Gas pipeline network extension to the West of Northern Ireland. (Gas to the West)
Renewable Energy

Also,

Upgrade of Scotland to Northern Ireland (‘SNIP’) Pipeline

The project entails upgrading of the SNIP to accommodate physical reverse flow between Ballylumford and Twynholm. In order to flow back to G.B., the current network requires installation of bi-directional compression on SNIP; pipework modifications at 2 AGIs to allow bi-directional metering and flow control; and moving the gas odourisation point to a new point(s) downstream of the bi-directional transmission system.

The project has also achieved ‘Project of Common Interest’ (PCI) status; making it onto both the 2013 and 2015 published EU PCI lists.

Therefore not beyond the realms of possibilities!

Mr T

Chris,
Looks like JUne in any case and if we had an update with any further delay's then the sp would retreat further!!

Mr T