RE: RNS9 May 2019 22:29
Snow,
I get why you are a little flustered, however these projects take time and lots of it.
In respect of your comment regarding EU funding, this from RNS 7 March 2019
We are in the final stages of preparing the final funding drawdown submission for the FEED studies that were funded on a matched basis by the EU. Our draft submission is due to be audited in the next 10 days prior to its submission which will enable the final balance to be repaid by the EU. We continue to work on our submission for the next round of EU funding.
Therefore the comment that this should have been in the coffers by now is a little over anxious. Have you ever attempted applying for funding? I'm afraid it doesn't appear overnight. These funds will be paid I've no doubt of that, eventually!
Look I agree this RNS should have been released prior to the meeting, trouble is as people have pointed out there are only a few individuals involved in the running of the company, obviously to keep costs to a minimum at this stage, so I suspect something was said that probably should not have been said, and yes they then issued the RNS to clarify.
I would rather stick with the current team in place rather than employ Pro's as you say, that would only increase overhead costs at a stage when it is not what is needed. Once the agreements are signed then you will se an influx of personal to manage the next stage? in fact someone flagged up that issue on here a while back, positions to be filled!
I agree we have not had a very good period since the turn of the year, from the sp rocketing to over 2p we are now basically back where we started, not too good I agree. What I would say though is that this period has been the most difficult for the bod, dealing with these types of negotiations with probably much larger players than INFA is not easy and this in my opinion is why it is taking a lot longer than most investors envisaged at the start of the year.
Look at SXX for comparisms and how many year's their negotiations have taken and they are still many year's from production, a much bigger project but gives some idea of how long these things take.
I would certainly not be selling at this stage unless you are a day trader, in fact I would be and will be buying when funds allow at these rock bottom prices, in fact I wouldn't be at all surprised to see a rise tomorrow, if not tomorrow then very soon. As always a string of positive updates will help, if and when they appear this will go a very nice run again.
As I said, patience is the key.
Mr T
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