Member Info for Setanta1

LG and jzd, I've read back re the consolidation. But it hasn't made me reconsider my investment. Nor ,in my view, does it negate the positive points I made. And, LG, if it is being shorted ,as you suggest, there may be every reason to suppose that the shorters are nearing the end of their tether. I'm going to continue to build a stake in this one.

Sorr BOD not BOB!

Just over two years ago the sp was .03p. It 20 bagged in two months.
I understand the chagrin of most of the disappointed posters here and the majorit of the irritation, and the posting,is directed at the BOB. With some reason. But that seems to inhibit any positive spin there might be related to the prospects related to the share. Consider :

1.EDL has a MOU with Sinohidro which has been rennewed.
2The Mcap of EDL is £2m. Less than the amount of the Lind loan offer and also a derisory amount to pay to acquire a coal nine in Africa which is posited to be the supplier for a proposed major power plant.
3. We will know soon enough whether EDL can pay down the Lind loan.
4. On a risk/reward basis the sp is currently a joke and my guess is that many astute are watching from the sidlines just waiting to dive in.

I take heart in the fact that Tanesco accepted the latest EDL submission for the power plant. If EDL,( in my opinion), was in dire straits the company wouldn't even have made the submission. Remember Sinohydro is still present here and might wish to become a financial partner to EDL.Money would,in that case, hardly be a problem.
I sympathise with LTH's here and I understand how frustating the lack of communication must be. As a recent investor I can still be optimistic, but not without some reason.

fiddle about as usual with a couple of substantial buys. One wonders why!

jzd, I take your point about the difference between capability to produce and actual production and I certainly hope that EDL has increased production,(and contracts), since the last reporting.My point is that ultimately the two things which will decide the future of EDL are the success of the power plant which will gobble up coal if it goes ahead, and the availability of adequate finance.
More companies on AIM fail because of inadequate financing than through any other cause and EDL may be no exception to that rule. The sp has probably fallen too low to allow any further placing and so my guess is that EDL needs to attract inward investment from a source who knows the region and sees the potential.
Many posters here are very critical of the management and that may well need to be an area for change. I do think that EDL is a significant prospect but that someone competent need to attend to its finance necessities. To me it represents value for the risks inherent at the current sp.

Just a couple of points:
1. If EDL wasn't capable of producing enough coal Tanesco would not have accepted the new tender for the power plant project. The only reason that EDL is part of the Sinohydro submission is because it is expected to have huge quantities of coal available close to the proposed plant site.

2. The current silence is most probably related to the company seeking alternative financing to the current Lind offering.

3. The known amount of coal available would value EDL at multiples of the current SP.

I'll be surprised if we don't have some positive news quite soon.

I'm sure you're right.I imagine the AIM days are numbered.Go well.

Hi Jabido, thank you for adding my name to your complimentary remarks. Like you I greatly value the inputs of mcadder and spud on this BB. Who could provide so much accurate and valuable information as spud does. His post of the BRR clip this morning is an example! I am generally well researched but whenever i am failing to find a detail I want I know that spud will have it, and that he'll provide it.
I'm a bit contrarian for the general taste but I do have strong opinions from time to time about INFA. For instance I do believe that the INFA SP has endured manipulation these past three months.I also believe that that will be overcome in time by the activity of our excellent BOD.
I also like to read Naz's posts. He is , as you say, out there, but beneath all that I believe he is sincere in his beliefs.
I think INFA is going to be big. In the BRR clip JW talks about investors being involved for the next 20 years. Not too common on AIM !! Go well.

So are you suggesting that INFA can surge to an SP of circa 7p if the financing is agreed? That could happen in the next couple of weeks!

I hope he isn't right about our sp action tomorrow, and I agree with mcadder that Aim rarely correlates with the FTSE but he,(Mitch), is correct when he says that " INFA has stood still for too long". The point I have been making is just that. Three months with over 30 very positive RNS's, a couple of brilliant podcasts by JW and not a negative aspect in sight and yet the SP is lower than it was those three months ago.

It indicates to me that either the SP is being manipulated or that investors are so wary that they are treating INFA as a trading share. I think it is the former but by whom and why I have no idea. I thought early last week that it had been "released" but here we are yet again looking at a falling SP. Today we saw a couple of million more buys than sells and yet the SP dropped over 4%.

So don't shoot me ,(or Mitch), when we say that something appears to be amiss. Just gratify us with some logical explanations. We're not all here because we love gas storage but because we want to make money from the cash we've invested.

spud, thanks for the resume. The company certainly seems to be on the right track. I'll reads the detail later on the web site.

Thanks for your reply. You know that manipulation does not have to be done by an ambitious buyer, although it can be.There are plenty of other possibilities and some shares are more susceptible than others.
My point is that this activity has been going on for the past three months despite some extraordinarily good news being delivered.
Today against a background of 12m sells and 10M buys we have seen an sp fall of over 6%. That is certainly not "normal" or just market engendered. And we've seen a fall of about 15% during the past week or so against a good news background.

That nobody else seem to think there is manipulation afoot. Just a few points I'd like to make:

1. pacman, I can't really buy on the drop because I'm already close to the first notifiable limit and I never buy above that level.And if you want to suggest that the market is to blame then why has it been happening for the past three months? I've got a few other AIM shares which have done very well in that time scale.

2. O & W the 40M warrants, (now 22M outstanding ), is a drop in the bucket for a company with over 1B shares. So you can discount that. And bending JW's ear on the matter wouldn't have yielded any response. He is at INFA to manage the company,( which he is doing brilliantly), not to comment the SP. Although he did suggest a couple of week ago that we might see 10p !

Always good to given fair consideration to other opinions !

It is clear that INFA is being played with, quite possibly shorted. This has being going on for the past three months. Without interference the sp would be around the 2p mark at least! Even with exceptional news the sp has shown spikes rather than the due solid increases it should have shown. The latest warrants have little or nothing to do with whats happening here. Does anyone seriously think that when JW bought his last tranche of shares three months ago he was expecting the sp to be where it is at this point.

All this will end but the question is when. Those who are manipulating the SP will need to let it go.Until then new investors are goining to be wary and the manipulators know that will work to their advantage. Simple system : throw in a few million of sells early in the morning, widen the spread from time to time during the day to deter buyers and thy are laughing. Literally.

Just Rollovers.

The MMs are back to their old shennanigans. So they still haven't let this one go. Making little or no attempt to make a market. Just keeping the SP as low as possible for some favoured client. While that is happening it will be difficult to foment the positive support, and the proper SP which should be about double what it is today.

Very good posts but one needs to understand that no news that is not already known will be divulged at the meeting. It would need to be notified by RNS beforehand. That does not,of course, preclude enlargement upon already notified information, nor does it prevent the issuance of relevant RNSs in the days prior to the meeting!!

Thanks for the information ref. the warrants. It saved me having to backtrack to find it. You're a veritable INFA almanac, spud. So 40 million left of the .6p. That's less than dawski's holding!!

Well I don't get it right very often, spud! As you know well! Go well.