Member Info for Setanta1

Good point and you may be right but I'd be a little surprised if L&G offloaded their shares in two seperate transactions. Perhaps they still hold the below 3% portion?

What's showinh on NEX?

.5Million for me. Snowman, if the shareholders had no knowledge of the L&G action why should it have affected the share price or their actions ?

explanation I've mopped up another 2.5 million at these bargain prices.

So INFA only became aware today of an important transaction in its shares which took place at the beginning of June. I should think that the apparent non reporting by L&G merits an explanation.

as the fever subsides about how rapidly the majors are going to come to a decision . That decision probably won't materialise any time soon so the SP will probably languish a bit. The potential new investors won't be rushed.

for INFA just now. The placees and the .26pers will continue to take a bit of profit until such times as we get good news about FEED and finance. But at these prices INFA is a bargain for new investors.

the problem with EQT is financial. It hasn't got the money to carry out decent sized contracts. When the proposed deal between BTC and Ebioss apparently fell through that shut off a possible source of finance for EQT so the company is back to trawling the financial markets. The next good news has to be related to the achievement of affordable finance.And don't forget that Ebioss owe BTC 2M Euros and it is in a poor state financially. And Eiboss has control of at least 50% of EQT. So unless we get good financing news we could see a further fall in the SP. The EQT project is conceptually great. It has just been badly managed. So far!

I was impressed with the view for the future of INFA John Woods and his team laid out in todays conference call. They know exactly what we need and they know how to get it.

There were probably some disappointed investors who expected some major disclosure, howeever unlikely that may have been. This is AIM and lack of startling news for more than a short time causes some to lose heart!

No need for that we're well on the way to greater things and a much higher SP. Short term!

I'm not at all concerned about the circa 170m warrants still to be exercised, The placees who hold them are more likely to wait for a much higher SP. They have recently had the opportunity to sell some or all of their placing shares at a 200% profit, and many of them they've taken that opportunity as have the substantial buyers at around .26p in the weeks after the April placing.

Now I expect to see some clearance for new investors who will see INFA as being very cheap at todays price. But they will want to see news which begins to provide stimulus for the things we heard today. And I'd bet we'll get that news.

I guess the main problem we have as investors in INFA is that there are two distinct types of investors here. There are the LTH's,( from the requisition days and beyond), many of whom bought in at prices much higher than todays SP, and the shorter term holders who bought in at the April placing and in the month or so afterwards on the open market. The first group are waiting for significant news relating to progress and investment in INFA which will bring them into decent profitibality while the second group aare very happy with the killing they have made to date and which they continue to make as they ,(the placees), continue to exercise their warrants and thus increase their profit.

Neither group is to be blamed for their attitude. The April placing set us up for this. The problem is that it makes for a lack of enthusiasm in the share on the part of the LTH's and any new investors. This is AIM and investors don't jump in if they think that the price they are paying today will decrease because the placees will lower it tomorrow as they exercise their warrants.And good share investments need new investors in order to succeed.

But there are very good prospects for the more patient. INFA looks to be a certainty for construction and the forward looking will see the opportunity. We have a freshly constiituted executive group and I would guess that the reconstitution was more or less dictated by a major shareholder. L&G I would guess. We are about to enter a period of intense news relating to FEED,to first client decision, to investment, and to future development and prospects for profitability.

No one should doubt the importance of INFA to gas storage in Ireland and the UK. If you have any doubts just read spudthe plumber's excellent posts. I think we may be about to take off to the benefit of all stakeholders here.

You know I think it was unnecessary, spud. The FEED money could easily have been raised from a handfull of investors and the massive dilution would have been avoided.You know we have opposite opinions on the matter, and since it is now water under the bridge I expect it should be left at that. Go well.

You're right sclemiel and that highlights the damage done to the SP by the maladroit, and unnecessary placing last April to raise the money for FEED. The method still mystifies me. So now it,s up to the newly constituted BOD to produce sufficient good news to encourage new investors. INFA is sound.

Thanks for all that mcadder. I can see I've got a lot more research to do and maybe then I'll increase my holding. All the best.

I was a bit surprised to find you here.I respect your normal researching habits and, having done some of my own ,I've taken a position.I must confess that I don't ,as yet, have the confidence to subscribe at the level you are at. I have "previous" here and I found FRR to be a frequent promiser and an infrequent deliverer. Now the complicated debt situation concerns me as does the massive number of shares in issue.
One has to believe that the suggested levels of oil and gas will be delivered. I think you may become very rich or......Anyway good luck and go well.

Nor am I selling spud. Just something stuck in the craw, I suppose. Go well.

Thank you for our support and I don't want to moider the point but the £900k needed for FEED could have been raised easily, (and much sooner), in various non dilutive ways. The decision to raise the money via a giveaway placing was both strange and inexplicable,and it showed no regard for the shareholders at that time.

It is still a bargain EyeGuy.......for those entering at circa .7p but not such a bargain for those who bought at well over .72p a year and a half ago. And while one director saw it as a bargain the original requisition director didn't buy a single share although he declared his intention to do so in his interview of a few weeks ago.
And, Olderandwiser, INFA does not need the warrant money to match the Euro grant money. AP declared at the time of the placing that that money would be sufficient for "the completion of FEED."And when is a 8% sp fall in a single day "trading sideways?"
This share at it's current level was made for the placees,the traders, and those who bought in at the early post placing prices but there are quite a few of those who supported the requisitioners with their votes who have exited at a loss or who still remain at a loss. Yes it is all part and parcel of investing but it does not excuse a very strange placing as the means of funding FEED.

INFA is secure. The only reason for the variarions in the share price is related to the amateurish manner in which the money for FEED was raised. It was a relatively trifling sum and to have raised it via a low riced placings with warrants attached was not at all smart. The gainer and baggers were those who were offered the placing shares. Good luck to them! The non gainers were the longer term holders who voted for AP and PW.
Without such a cackhanded proceeding the SP would undoubtedly be in the 2p region ,(with ease),today. Why the funding for FEED was done in that way certainyl raises questions.
INFA will, I think, succeed, but by the rocky road.

It's not up to date. It still includes John Bradshaw's 3.08% which is long gone.

Ebioss.