Member Info for Setanta1

Thanks Tango 1, and do you know what that "slating letter" said,(roughly) ?
And Mr. T, clearly the MMs have spent today trying to discourage buyers. Last week they were dropping the SP on a handful of small buys but today, despite some decent buys the rise they have permitted has been miniscule !

Hi Tango, you've suggested on at least half a dozon occasions that ' the broker ' was manipilating the SP What do you think they were doing by way of manipulation ? I'd just like to have your opinion.
On the positive side the buyers are back. I'll bet there are a few busy private Twitter accounts. As there were at the turn of the year!

!.Avyererdowt, an interesting connection you made!
2. As ever, hail Dawski.

in the past two days we've had about 30 posts here and 26 of those have been related to the marine licence,(including some fairly pointless posts as to whether Leesadee as a non investor should be posting here .Of course she should if she wants to.).
All red herring stuff! JW has assured us that all correct procedures are being followed and that "as a EU project of common interest( the project) is enitled to to receive expeditrd time frames in relation to licencing and permitting. So that's quite enough about that!
I'm far more interested in why the SP has declined so dramatically and in when it may turn itself around.
The initial phase of the reverse was brought about by manipulators in and around March 2019. A secondary phase was initiated by the last placement which was clearly flipped, as was the previous one. Currently, I believe the same group of manipulators are ensuring ,through their interventios,that the SP will not rise- for the time being. When they are ready it wii rise!
INFA is due EU grant money. It is due the appointment of a new chairman. It is due agreement with Equity and Debt partners. None of these important steps wll take place in August. It's the holidays, don't you know. I suspect that even JW is taking a rest.
But we are getting closer. So stop moidering about the marine licence and just concentrate on the SP machinations. That's the real music!!

The SICapital joint brokerage with INFA ended today !

I think. are good. From the start of the afternoon session the vast majority of trades have been buys and also on Nex there was an unusual amount of buying activity. Can it be that those who took their money out in the spring are now beginning to put it back!?
The purpose of the placing is necessary and good : to fund the cost of a pre construction environmental baseline which will track changes in both the construction and operational phases. It will also be made available to DAERA.
I think the warrant price (1p) will be achieved fairly quickly and that will make a further £1.55m available. We also have the EU funds to look forward to.
All in all it seems good to me. So good that I bought another couple of million. So watch out Dawski I'm closing in. Well you know that was a joke Dawski . Of course you do!

I don't know the answer to the good question you pose Snowman 100,( it might be appropriate to enquire of JW), but I am guessing that the market for gas storage in the UK is undergoing a change due to factors such as the closure of Rough, the uncertainty in relation to Russian supply to Europe, and,(i'm sure), other factors that JW and his ilk are aware of. What do you think?

Ultra good spot, Dawski! And INFA has an agreement from Vitol to commit to the entire offtake of Islandmagee. The fact that JW was able to persuade such a highline partner to come on board speaks for itself, (and makes the SP malaise of INFA almost inexplicable). I think I might go again. I don't believe these prices are going to prevail for very long-if at all. Go well, Dawski.

Good to hear from you but not so good to hear about your misfortunes.
I've got more INFA than before and I do believe in the project and in the current BOD but I'm disappointed with the SP. I feel it should be much higher but there have been some nefarious antics.
Anyway I'm still optimistic. Go well.

Hail !

Thank you ban4118 and jfk9 for your responses. ban4118, the exit date for SIC is 14 August and don't forget that JW said he was looking for a new broker. So that'll be an extra news item which ought to give some clues to the way ahead.
jfk9, I don't think the MMs have been the real manipulation culprits here,although they frequently seem to act out of self interest. I think the Tweeters are still active and I fancy we may see some of their machinations soon. It could be to the benefit of the SP this time. Profit is what they are after. Yet again!

for reminding me MR. Triumph. I forgot to mention the new Chairman. I'm sure Vitol will,(more or less), nominate that post. In fact were the nominee to be declared accordingly I'm sure the SP would rocket.

!. As things stand Vitol SA has binding offtake agreement for the whole capacity of the project. But if the project is not completed that agreement is meaningless and it will not have cost Vitol anything. One reason why serious investors are deterred.
2. The important outstanding details relate to the Equity and Debt funding. That is what will encourage serious investors.The FID has been promised for the end of the year. That is totally dependent upon the Equity and Debt funding.
All other considerations are meaningless but there are other considerations which are being used to muddy the waters:
A). The Marine Licence. JW has already made it clear that the project will be well within the Daera parameters and the licence will not be needed for at least two years. Meanwhile the project can continue.
B). The outstanding EU grant. It will be paid no matter what the Brexit outcome. It is only an administrative detail. Like the Marine Licence it is just a current red herring.

More interesting just now is the SP. It has suffered a 60% fall in the year to date.. From the beginning of the year it has been mercilessly manipulated and some of the manipulators made quite a killing. They are still about and probably still active on their private Twitter accounts . Likely they will make one more attempt to reduce the SP still further before they decide to return to INFA. They know that it's as good as money in the bank but they feel time is on their side for a bit longer. Soon , I think! I won't bother to dwell upon the flipping of the last placement. A likely tale though!
3. The FSRU would have been much better left until after the Islandmagee project was underway. Again it has given the market an equivocal feeling. The excellent JW would also do well to stay away from interviews restating what we already know. They engender a suggestion of desperation which should not be company to such a fine project. Let's have the solid good news by RNS, JW.
I'm well invested here and I stay because I believe in the worth of the project and I believe I will profit from that belief. But I'm not naive.
Welcome back crl123 , plus ca change...... !

but I wouldn't be surprised to see a large late buy trade today or tomorrow ! Time we had some action !

I know that you were not one of the 1.2p placees and I wasn't even suggesting that you had any role in the flippimg (if there was flipping). I well know your stance here. My point is that without a good deal of concerted manipulation the sp would never have fallen below 1p. Go well Dawski.

in the INFA sp began after the turn of the year and it was engineered by a small group of investors working in concert via their private Twitter accounts. Some of them made a lot of money from the manipulation and they may have been helped by a broker. Their activities account for the sp fall to below 1p. The subsequent fall has been due to slippage in relation to promises by our BOD and a bit of maladroit management of AIM.
The manipulators,(or at least some of them), will be back when they see that fresh progress is being made.
By the way there is also a suggestion that the last placing may have been flipped which raises a question about who provided the share to facilitate the flipping !

The Rns says that 25million shares would be issued upon acceptance of the Meridian deal. That, Longlad, is less than myself, or Nobby 31 hold, and way less than Dawski's impressive holding. It represents about 1.9% of the current share capital and it would not be triggered for at least three months. By that time the Eu funds will have been received and we will have a new Chairman. The other 75M shares would not be raised until the FID is taken which will probably be in about two years and by that time the Islandmagee project will be near completion and revenue production.
Todays SP decline had little or nothing to do with current investor fears. It was a bit of manipulation by MMs to lower the SP. As usual they will do well out of it.The lower they can drag the SP the more they will gain on what, I believe, will be a decisive upswing . One shouldn't speculate but I don't think it is too far away.

there's an interesting comment Tango1 !!

sji2671 and Avyererdowt I found it and it was the 14.09 trade.

I've just bought another 1million shares. Yet again it has not been reported. It has probably been shunted onto NEX . Can someone tell me how to find share prices on Nex. I have no problem accessinh the web site but I rarely manage to find up to the minute share prices.