Member Info for Setanta1

Hi , I've been in here for the past couple of weeks, largely due to reading your positive appraisals. I have a reasonable holding but nothing akin to your own courageus play. I wondered how you read the 13.14 post of pCloud ? Some of the points he makes are ones that also give me food for thought. Rightly or wrongly I see the GTW aspect as the most likel early score here and I also wonder whether it is likely to come to fruition in anything like the near future. Lots of" what ifs" still to be accounted for.
I also wonder about the future for the Newfoundland assets. Could be great but "not tomorrow" I imagine. You're in very heavily here for this to be just a punt. You are also invaiably well researched and it is for that reason I'd like to see your response to pCloud. Go well.

I do believe thet the late resurgence yesterday afternoon could be a very important signal.

There is no great mystery about the 1.2p placing. It was done for a good cause,(land purchase, engineering design work related to the £65M saving identified in FEED, and documentation and land surveys), and although it surprised a few important LTH's, (me included), it did not have any spectacular result on the SP. In point of fact after the dust had settled there were some important holders still buying in at around 1.2p, (seeing it as a bargain price),up to a month after the placing RNS.
Then,around 25 Feb. with the sp again at 1.22p the damaging activity kicked off. In less than three weeks the SP had been lowered to .8p and it has been held and lowered a bit in the more than two months since then ! Those who read my posts know m opinion about that activity so I won't repeat it.

Rumour is that the placing was taken up by a single investor. One can't be sure about that but it could have been accomplished whilst avoiding a declaration. What we do know is that none of the substantial LTH's in INFA were offered a part in the placing. I am sure that upset some and may have helped them to decide to take all or some of their investment elsewhere.At least temporarily.
What must be inferred is that upon making the placing in January the BOD knew full well that we were in a delay situation. We all know that now. I agree in part with whatamess. If it had not been for the shenannigans of the past ,(almost), three months the Infa would certainly be closer to 4p than .8p.

Could it be the renaissance? The 500921 was me rounding up a number.

Two trades for £46 since the Open Offer news. So that's what we've been waiting for all week !

The first line of Avyererdowt's 10.28 post puts it in a nutshell. It's not the amount of time the discussions are taking but the expectations raised at the end of last year. The slipage gave the manipulators their opportunity and they seized it.But I've posted about all that before. The invested manipulators sold out around the 1.8p mark and put their gains where they opined that it would multiply. So far they have not returned to INFA because they are waiting for the definitive word that the deal is done. And they wiii know! So just watch for the switch and a big increase in buying activity.
JW showed a bit of naiveity in his miscalculations when announcing progress. Apart from that he's been excellent. But a 60% fall in the value of any shareholding is not going to please anyone except those who sold out at the opportune moment. The story continues. I only hope it may have a good resolution. And soon please!

That's what is needed here. We haven't had anything noteworthy this year and the manipulators are using the situation to see how low they can take the sp before that good news arrives. Thus they will gain more when they begin to buy in again. Nothing has changed for the better and it will not do so until we get the offtake and funding news. I agree with crl123,(go well), about investor evenings. By their very nature they cannot produce any game changing news.
So come on BOD lets have some major good news!

SBp, a really enlightening post. You have clarified,for me, the use and the application of the technology. More importantly you have set the place of GS and NUOG in a project which could be transformational. Money and competence are truly of paramount importance here.I hope NUOG can find the first and generate the second.

Radders : good find the Daera document. And Snowman keep our hair on. Do you good to read the bit of the Half-year Report that deals with the Marine licence in which it states that "...theCompany believes that the draft licence will be converted into a full marine licence at THE APPROPRIATE TIME. That time could be a couple of years hence. The CEO would have had to declare if the item was going to prejudice the FID which is due this quarter.
So forget about it for now or you may be providing new strings to the manipulators bow.
We are waiting on the offtake and funding confirmations. That's what we need just now. Tired waiting? I certainly am!

hasn't been given yet.
The most important thing for investers here is the SP and that is still being manipulated so that it does not rise dramatically. The manipulators will give the nod when the time is right for them.They've managed the SP for almost four months now and they continue to do so.
The issues outstanding on a practical level are the finance and offtake partners. The marine licence and other details will fall into place as appropriate.
We've just got to wait for the nod. Then we'll know that the SP is about to rise and stay risen.

Succinctly put, as usual, spud. Hope you had a good holiday.Go well.

ban4118,Lockedin has very effectively answered your first question. INFA will lose a large part of the project and I expect that this would act as a damper on the Sp, at least in the shorter term. I hope that Lockedin is correct in his assertion that our minority stake will still be valued at "multiples"of the current MCAP. He is certainly right about the revenues which would accrue from the management of the facility.

Relating to your second question and the opinion you express in the last sentence of your post :I don't speculate about Sp's because I think it is impossible to second guess AIM. Too many hidden influences and imponderables. But I am pretty certain that FID will be delivered and on time.As for the marine licence : that will also come but maybe with a huff and a puff. Why should it be denied. This is as clean a project as one could find and it is being managed by a brilliant,(and careful),CEO.

Gentlemen thanks both for your knowledgeable and incisive comments. Go well.

Si Derman and the point you make is a very valid one. Thanks for the clarification.

to 31 January 2019. And JW has been good enough to reiterate details of events which have taken place since that time. Almost everything is very positive and one sees the project developing smoothly and effectively. But there are one or two items which may account fot the fact that it has not exactly enlivened investor or produced many new subscribers.
The marine licence is still outstanding and though I am sure it will be granted investors are always cautious when there are important elements outstanding.
The second is lack of knowledge of the best deal that can be obtained from the chosen equity partner. The effect of the deal may be very dilutive for shareholders. That is why JW was reluctant to accept the deal which was offered at the end of 2018.Investors who see the Sp going ballistic upon announcement of the deal are likelyl to be a little disappointed. One of the reasons I would be happy to see a bid which might stimulate a better result!
One last point. Si Derman, I don't see any kind of "standoff" relating to the offtake providers. The RNS appears to indicate that the number of potential offtake providers has been reduced to three and that this decision has been, at least partly, driven by "counterpart requirements" of the three who have been set aside.

Avyererdowt. Just saw your post in response to mine. What I said to Dawski and Snowman applies to your comments. But it is certainly good to see someone with such a high level of confidence in INFA.I'd love 6-7p. Go well.

Dawski if your thinking is correct,(and I certainly hope it is),we would still be very subject to the vagaries of AIM. So perhaps you may feel that a consolidation and a move to a higher echelon of the Stock Exchange would be appropriate. I cannot imagine a blue chip company wanting any association with AIM.

And Snowman, of course you're right to question my valuation. There is nothing scientific about it. But I imagine there is a great deal of new blood out there who would be delighted to invest in a three bagger. And we do need new blood. Just look at the lack of contribution on this BB ! Both, go well.

I've had this thought before and now it recurs. Why wouldn't the equity provider make a bid for the company. If the provider is a blue chip energy company they will want to have full control over every aspect of the construction and commercialisation of the project. About £35M would do the business.That would make our shares worth about 2.5p each. I think the majority of holders would settle for that !?
althej. Maybe that's my answer to your question !

Avyerdowt, the state of interest in INFA is currently at a very low level among investors. Just look at the paucity of posts here. Also the MM's would drop the SP like a shot if they thought it would stimulate trade. They earn the same kind of recompense for buys or sells.

INFA has been exploited and manipulated for over a year. The latest phase started three months ago and the Sp has fallen over 50% as a consequence. Without the manipulation the Sp would,(and should), now be above 3p. There has been a bit of delay but more good news than negative news and nothing,in reality, to justify the fall.
I begin to wonder whether the suddendeparture of the chairman and the notice of contract end given to the joint broker may not be links in the chain.Both almost unexplained events.
In any case the modus operandum has been to share information via private Twitter accounts between investors who had/have holdings which could be sold and the proceeds invested elsewhere until the nod may be given that it is time to reinvest here. Oddly I think the hour may be at hand!
A few long term substantial INFA holders such as Dawski and myself were never part of the favoured cartel so we're still here and holdling at least what we held at the end of last year. How foolish we were!

A really good RNS with equity funding, debt funding and offtake partner coming into line and the effect upon the SP has been negligible. I would have thought that such positive information would have catapulted the SP back to the last placing price ,(1.2p), but it's had no such effect. So investors still perceive that there is something missing. What can that be!

Thanks for your clarifications. And spud, enjoy the holidays.