Member Info for Setanta1

JW has been promising expansion and here come the possibility. There are a few points that may need stressing.
1. the deal is only at a due diligence stage. Nothing will be decided for at least three months by which time we will have received the EU funds and the situation in relation to the marine licence project funding etc,. will have been resolved. We will also have a new chairman and probably a couple of new NED's.
2. By the time a FId maybe made in relation to this project,(if INFA decide to go ahead),the Islandmagee project will have been completed and will be be providing revenue.
My abiding mpression is thet INFA is beginning to shape up like an important company in gas storage and that is hardly the stuff of AIM minnows. That I like!
Yes noodlesoup,(and longlad before you), I am very keen to see clear evidence that the marine licence is granted and that the equity provider is on board, but I still have maximum faith in JW. What a good time to buy, especially for new investors!

Radders99, nail that post up somewhere so that it can be seen by all current and possible investors. That says it all. And we'll be seeing the back of SI as one of our brokers next month. Pius we'll be getting some EU funds.
Less conferences, investor evenings, and interviews to state and restate what's been stated several times. We await the good solid news.

Good post GT 430 but there is history in INFA. When it was kicking around in the 1,8p's there was almost blatant manipulation of the SP to the benefit of a small group of investors. It has not recovered from that. Since then we have seen a Chairman resign without giving a days notice and we have witnessed the dismissal of one of our brokers, again without any adequate explanation. There are suggestions that the last placing was "flipped" which does much to account for the 50% fall in the SP. Strange stuff, but this is AIM !
Now for a bit of opinion. We will not get a new Chairman until the finances for the construction etc, are sorted simply because the partner will make that decision. My guess is that that will also depend upon surety in relation to the Marine Licence and a few other details.
Like you I am impressed by JW but he exhibits,(in my opinion), a tendency to announce via twitter, investor meetings, and interviews, none of which are credible conduits. Best to leave announcements for RNSs and to then ensure that the contents are met withot slippage. Failure to comply fully creates mistrust and since Aimers invest almost exclusively for very short term profit they take their money elsewhere at the slightest whiff of doubt.
I wouldn't worry about institutional investors at this point in the cycle. They will appear when the time is right for them. That's if they get the opportunity !
I'm well invested here and I believe in the project, and in JW, but I regret the opportunity cost to me of having a lot of money tied up here when I might have it invested elsewhere. So roll on some SP augmentation.

bennyson, I imagine the item you highlighted will only affect the Republics's offshore oil and gas industry.

Five Trades, one for a whopping £1.54. Three posts, one having nothing whatsoever to do with INFA. Just about sums up the current lack of interest.

Dawski's extra 10Million,or so, shares had more affect on the SP today than JW's update. Well done Dawski, you're a believer!
The update just served to reiterate what was already known after yesterday's maladroit RNS. One can judge the level of investor interest and confidence in INFA and it's management by the paucity of contributing posters here. Just the usual few faithful posters plus a few passers by making arbitrary comments.
We need a new Chairman,( but we won't get one until the financial deal is agreed), and we need some positive good news rather than possibilities which then suffer time slippage.
I am confident that the INFA project will be a success but I wouldnt like to put a time scale on any SP enhancement.
Hail Dawski !

said about all there is to say in their 9(ish)am posts this morning. The state of slippage is practically endemic now. Extremely disappointing.

late reported buys, Or are the buys on NEX ?

Very well thought out GT430. I wouldn't disagree with very much of your calculations but I doubt that INFA will keep as much as 25%. So I'd see the 8.5p per share as a bit on the high side. Not much, though.
I was more interested in your reflections rather than the maths. I totally agree with your views in relation to the need for a chairman,( and perhaps a couple of more credible NEDs), but I tend to feel that the financing and the new chairman may come fairly close together. My feeling is that the finance provider will, more or less, dictate the chairman role. I agree also that INFA is not an "institutional" share but that could change if there were a change in the listing which I feel will occur.
Keep posting. I like well informed " calculations" posters.

I've posted my view on the malaise with INFA several time so I won't repeat them. But it is clear that after several years of mismanagement,(not by the current BOD), we need some solid good news with solid cash attached to it in order to stimulate the interest of new investors. We could also do with the appointment of a new chairman.

Longlad thanks for your post backing up MT Triumphs opinion. Just a couple of observations : What is referred to as flipping is, in fact, shorting. That raises questions :1. Where did the placees get the 125million shares to sell before they provided the placing finance . 2, They must have been told about the placing before they sold, and the selling began in earnest a couple of weeks before the placing, so who told them? 3, What did the brokers and what did the company know about the placees,(ie flippers).? 4 What I have outlined here is not illegal but it is very dishonest. 5. No major PI's in Infrastrata were invited to take part in the placing. Why not?

Fast forward, We have seen the stepping down of a chairman and the dismissal, (not yet gone), of one of the brokers without any satisfactory explanation being given!

Lastly. JW excellent CEO though he is has consistently provided longish time lines at investor evenings and interviews. That is manna from heaven for shorters ,and so it goes on!!

you're right in all those assumptions MR T. Not at all sure about the flipping but I agree with your paragraph 2 events but not necessarily the sequence. Go well.

Thanks for your comments MR T and I'm glad you reminded me about the single investor in relation to the 1.2p placing. But the "flipping" scenario doesn't fit because the SP has never been over 1.2p since the day of the placing.
I firmly believe that the SP is being manipulated yet again. I also think that the event that will change matters will be the appointment of the new Chairman. And the manipulators will have word of that before you or I do. Left alone the SP would be well above that placing price. Tedious and frustrating now for LTHs. One just has to believe in JW!

In one of the recent interviews JW was asked about the poor performance of the SP and he showed some disappointment but opined that it might be due to a lack of confidence engendered by the actions of past administrations at INFA. One could easily imagine that that is the case but it is only one possibility among many. There has also been near constant manipulation by MMs and relatively small groups with their own agendas which have entailed lowering the SP and keeping it at a low level. While there is the sightest doubt about the project and/or longish time lines that scenario will persist. Is it frustrating for LTHs? Of course it is. Just imagine how the investors who bought into the 1.2p placing must feel. The SP at his time should be well above the 1p mark. Of course there are genuine sellers but the is also manipulation and that won't change until those responsible decide to let go.

Will be the 1.6mEuros due this month and the very important appointment of the new chairman. The latter will need to be blue chip to satisfy Vitol and whoever is to become the finance partner. Then the SP will fly despite the current MM shennanigans,

kibuc, thanks for the reply. I shall listen to the podcast again. Thanks also for the elaboration you provided in the second paragraph. Like GT430 I think Vitol would wish to be involved in the equity,( he says through VTTI). I also think that JW wants to have more than one serious option because it would strengthen his negotiating hand..
By the way do either of you have an opinion about the strange
behaviour of the SP since the offtake announcement ? Go well.

SP activity as yesterday. A rise and then MM manipulation to counterbalance the rise and control the SP at a low level.I would like to know the who and why of all this.

By the way in my opinion Lisadee is entitled to her opinion. Time will tell whether her view that the project is a non runner is correct. What is clear is that Vitol are certain that it is and I'm sure they completed their own due diligence. Batting to and fro with Leesadee is just a non productive passtime for posters. Nobody knows anything of substance and JW seems very confident,(and he knows a lot more than LSE posters) that all will be well on the environment front.

Kibuc, good post as usual. Prescient and to the point.But I didn't get the inference from JW that Vitol might not be a funder. Did I miss something?

Yesterdays SP movement is almost unbelievable upon a second reading of the JW interview.This project is gilt edged and the SP can't fail to rocket. Hard to believe that ant sensible investor would have chosen to sell.

We have the very good fortune to have a top drawer CEO in JW. He is determined, clear minded , knowledgeable, environmentally responsible, and super efficient. Viva JW ! The Infa SP will soar. The deal John and his team managed with Vitol speaks for itself in relation to need for this project and it suggests that there are even greater possibilities in the offing. John spoke about the finance and indicated that one of the potential financial partners favoured an unleveraged financing deal . Well my goodness! I think I may increase my considerable holding while the low price offering is still available,

And yes there have been some sellers but, yet again, there appears to be a concerted action to suppress the SP. If not there would have been many more sells yesterday when the same .8p price was available. Hard to tell who is doing the manipulation. Could be MM connected allowing the sellers they favour to get back in at a low price. Could be other factors.

What is beyond dispute is that todays RNS is transformational news. The effect on the SP should have been to drive it well over 1p, and it began that way. But then the manipulators became active again.

Leesadee makes are straightforward :
1. There is no need for the Islandmagee project because the UK gas supply is secure,low cost, and the UK govenment doesn't see any need for it.

2. There will be a big problem with the marine licence.

3. There will be a potential problem with SNIP.

4. A further public consultation will be needed to extend to 7 caverns.

His modus operandum is to ask rhetorical questions and to avoid any contrary evidence, (eg the fact that Stublach was heavily oversubscribed ) by hiding behind false modesty relating to his knowledge rather than accepting the point being made. Asking Dawski whether it would upset him if the project were to fail. That may be even a daft question.

There are two proper answers to his assertions:
1. That the BOD of Infa answer those assertions.

2. That the Bod of INFA declare the overdue offtake and funding arrangements'
I like the second option.

There is a strong element of ego in the latest poster. He's here to annoy more than to enlighten. He's been " researching salt caverns since 2015 ", and he's an Islandmagee resident but it's taken him until last month to raise so many cogent points. Of course he's entitled to post to his taste and to his own level of condescension.

Let's have the offtake and funding information. That should answer all our questions!