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ML is on its last consultation phase and is expected to come through thereafter. New board needs to be given time to get things in order, they have shown they are on the right track with useful plans.
Thanks for sharing goupplease
Hi TinyTim, welcome to the infa chat boards. I’m relatively new here too though not with the IM project and agree with your views completely. 2020 should be a good one for all of us!
That is brilliant JW! Absolutely brilliant! ??
Absolutely not unreasonable. And the reason is there in the RNS. Clearly he’s got other options that he’s exploring and he’s not going to and shouldn’t make all of those bits public knowledge. If absolutely nothing we’re happening in the meantime our outbursts would be justified, but evidently a whole lot is happening they are just not minute-by-minute tweeting it, they are getting on with the job.
BlairPeach, not sure how much transparency we want as shareholders - the expectation here appears to be that every single detail is made publicly available for all of us to scrutinise over. They have a business to run and not everything is or should be public knowledge. That the first vessel is in the yard itself speaks volumes for their competence and drive to make this a success I should think.
The best way to respond to all this is to keep working and JW appears to be doing exactly that.
Speedy, I get your views on trust but it’s a bit of a stretch to say that trust has been broken suddenly. I think the bod have been fairly transparent and to have pulled off H&W within a few short months must have taken everything from this very small board. There’s a reason why we are on this side of the company and they are on the other side- the kind of work and dedication required to pull that kind of thing off is astounding and something I for sure don’t have the skills for but that’s why I’m sticking with my investment because I want the reward in time. But the sentiment here appears to make them sound like maverick risk-takers unconcerned with our hard earned money’s value and how it’s spent. Someone even said that they are using it to fund their lifestyle. Come on guys, no one is here out of the goodness of their hearts, not us, not them. This is their day job after all. We all want money and clearly this one is a long haul but I don’t see it de-railing, there are absolutely no indications of that except our projection of historic losses on to this new team who have, frankly, done more in the last year than this project has seen since its inception. People still want to come in at the bottom but continue to criticise the team. How does that work? I find that very strange - why come in when you think this is a loser? I am sitting on huge losses myself but I think this team has a practical vision and I’m prepared to give them time to materialise it. H&W is a game changer- no small shipyard as someone said earlier, its historic and political significance is immense. It will be the key if my senile reading of the situation is correct and will lift IM out of the hole it finds itself in.
The marine licence will be a biggie and I’m prepared to wait for it despite being in a BIG loss myself. I get the sentiment of disgruntled investors who are losing sleep over the losses. But this is the beginning of a looong project cycle and bumps are to be expected right? It looks to me like people expected either a quick buck or a sharp early swing which is not likely here and hence the deep disappointments. The sp is a bummer no doubt but I am inclined to agree with droderick’s assessment although cautiously. If the consultation currently ongoing goes well and leads to the marine licence in expected time then I’ll be very happy indeed. In the meantime, I continue to support the team most likely working through Christmas and wish you all a very happy Christmas too!
Wow setanta you sure are upset. Perhaps go down to the H&W yard where JW and team are probably working through Christmas while we call them scum and criticise the life out of them. Nice.
You are right si_derman about the placing, but undoubtedly placings are nobody’s top choice. If JW and team had zero shares in the company one would assume this is the easiest route for them. As that is not the case, and they stand to loose equally, it is fair to assume that they have valid and strong reasons for their decisions. On the bloody shipyard, I agree that it might be a very good move indeed. Someone said in an earlier post that they expect it to be back in administration by 2021 - most unhelpful speculation unfortunately.
Tony, there’s many a slip between predictions and actual election outcomes and I for one am glad that JW and team didn’t do anything in haste and waited for the results, probably weighed their options in broad daylight and took the bold decision.
Apologies, the ‘couldn’t agree more’ was in response to the tweet you shared Spud.
Couldn’t agree more. There appears to be a lot going on behind the scenes that we aren’t privy to. I repeat myself, they need this to succeed as much as we do. Let’s hang in there.
I agree loosegoose that not sticking to the planned timetable is unpalatable to all shareholders including me. And yet as professionals we come across roadblocks and obstacles sometimes and at others we change long-standing plans upon seeing new opportunities, as they did when they saw H&W and grabbed it with both hands. Why not offer the same consideration to this board? S*** happens, best-laid plans and all that. Equally, the tone of the RNS gives me confidence that they know what they are doing.
On how long they can hold on to info before releasing RNS - your guess is as good as mine. But I would assume that if we are relying on the professionalism of this team (and I suppose we are since all of us have our hard earned monies invested here) then we must have confidence that they are abiding by the regulations governing news release. They need this to succeed as much as we do. All project related decisions so far have been well calculated - they have managed what few others have. Let’s give them some time.
From what I see in the project RNS, there is no doom and gloom scenario as reflected in the last many posts. JW has had a game plan in the past and everyone praised him when his H&W acquisition came through. Clearly the board have a game plan now too - how is it that LTHS can’t see this and stick with this board’s commitment to the company?
JW promised first revenues in 2019 and he’s delivered on that. We are likely on track to being a fully functioning company next year. I’m sure there has been a sensible discussion amongst the board members before this major decision of the delay to FID was taken. This may well be to our advantage guys - JW and team have delivered in the past and there is no reason why they shouldn’t now.
I was just wondering, do the infa board read these chats? If they do they must be having a field day!
Droderick, you’ve reinvigorated this board and made a passive follower like me comment! Totally agree with you, we SHs have a voice too and we must use it.
Seeing as this is the hottest thread on this board, and finally some sense is being shared on this platform ( thank you droderick, mr triumph, speedy and other sane voices) I would like to share my twopence worth. That infa has a long term game plan for northern island in these troubled times is clear from their acquisition of H&W. What LD and the likes are doing is trampling on the hard work and grit of enterprises that want to bring growth to the region by shouting baseless nonsense from rooftops. What do you have to show for your years on the planet LD? At least infa are creating jobs while playing by the rules. You are just deploying underhanded tactics and subverting honest players. Also, there is a difference between representing the voice of the people of Islandmagee vs running an outright anti-Infa campaign. The protesters agenda is against infa and the government and the regulators and the environmental agencies. In their opinion they know best above all the legitimate and official experts. How does that work? This protest is a plain and simple anti-infa campaign disguised as an environmental protest. Why are you anti-infa LD? Are you against local development? My money is behind JW. Quite literally.