Member Info for Setanta1

I know four long term holders who owned over 10% of the company before the second last placing and none of them were offered the opportunity to get in on the current placing placing. What a way that would have been to let us know about their projected price! The wages of loyalty! Communication at last. The SP at 3p by next April !! Maybe I should keep my shares for a while. Thanks for the info Presto!

Thanks for that Spud. I've reread the 2 Oct.2017 RNS. A repitition of that might have helped the last Placing go down a bit better.

There are no suppositions in my post and I hope you are right about the forthcoming news. But my reason for this post is to thank you for copying the Infrastructure guarantee scheme document and to ask a question. If the Guarantee Scheme finance is applicable to a project such as Islandmagee,and given that it has been available since 2013, why was it not used by the last or current BOD of INFA as a means to persuade those with "deep pockets", (AP's expression if you remember), to invest in the project? My guess,(and it is a guess), is that Islandmagee wouldn't qualify for a guarantee under such a scheme..

Excellent,as usual, Jimzi. And what would you guess the outcome might be? It's tantalising isn't it?

FEED .6M.

Spud, I think AP and PW started out with high hopes and good intentions but they found out fairly quickly that what they wanted to achieve was difficult to achieve so one left the board and the other ceased to communicate except to ask for more shareholder finance. Not what we were led to expect. FEED, it appears, could not be financed and so the BOD needed to have recourse to a placing once again. FEED is only aimed at preparing the project for FID. Nothing more. And there was a problem finding the �600m to do that! When you spoke of UK government guarantees did you mean the EIS ? The government has no intention of providing finance for gas storage. So who is going to put up the �308M you mention? Any major gas supplier could buy INFA for �5m,(topside), today but they are not doing so. And Centrica posted an Operating Profit of �1.25bn,( yes BILLION!). Are they interested in INFA? I don't think so! And mcadder I don't mind how often you post. That's what this board is for.But I do think you should pay more attention to the last paragraph of your 13.05 post in which there is a clear statement by BEIS stating that they will not invest in gas storage facilities. And, mcadder, there's no need to get worked up because someone posts something you don't like. It's bad for the blood pressure,you know!

Well done for your faith and good judgement here,crl.Long may it continue. Could you transfer a bit of thr magic to "the other one?"

Ebioss up another 6.5% today @ 50.3 centimos That's a 20% increase in the last two trading days. If the BTC investment goes ahead it should bode well for EQT. Very well !!

A few well made points there, spud.

Some good and very relevant information there Jarv 55.

Adrian quite rightly suggested that even after the placing the market cap at less than �3M will be low. What surprises me is that despite its EIS status the company hasn't attracted a buyer. �10M would buy it and that would be tax deductible in the right circumstances. After the completion of FEED INFA will still be buyable for about �12M so perhaps someone may be interested at that point. Well handled,(newswise), I think the SP will rise in the coming months providing a very nice profit for those who are beginning to invest now but it would surprise me if it tops .75p which will be very disappointing for those who invested in the heady Requisition days. By far the best outcome would be a sale of the project and that would require some very fortuitous circumstances.

If the BTC investment goes ahead, and it looks as if it will, the effect upon Ebioss and on EQT, as part of the group, will be quite revolutionary. BTC is a very active venture capital provider which specialises in rescuing fundamentally good companies,( with good business models), which are undergoing "financial and liquidity constraints." What could better describe Eiboss/ EQT! BTC usually invests somewhere between 20-50million euros per venture and they subsequently become involved in the company,s restructure. Ebioss fits their model investment pretty exactly. It has a large Spanish presence and an international presence, a viable business model and a forward looking project. BTC has already been involved in investment/rescue/turnround of Marypaz (shoes), ADL,(pharma),Torrot GasGas (bikes and motor bikes), Irestal (stainless steel), Carburesgroup (aerospace and automotive), Farggi Menorquina (ice cream) and it is still raising funds. I'm sure the AIM listing of EQT will be attractive as will the European and UK presence of Ebioss. I've already noted the 13% price rise of Ebioss yesterday. We may be about to have an announcement! I imagine BTC would quickly sort out the EQT liquidity problems and carry through a very fundamental restructure. Under .5p seems very cheap to me!

EBIOSS closed at 49.5 centimos. Up 13.92% on the day. A sign that Black Toro are going ahead with their stated intention to invest 20 M euros in the company ?

just closed at 49.5 centimos....... up 13.92%.!!

Just the same! I wasn't offered any placing shares. No loss because I wouldn't have taken them anyway. Enjoy the break. Go well.

thank you for that. Go well.

Ebioss shares fell 6.35 % today to 41.3 centimos. On 1 March,( the day after the BTC announcement), they finished at 66.6 centimos ,(up from 38.5 centimos).So almost all the gains have been lost. Jimzi you are the most knowledgeable poster here in relation to the Bercheva CLN deal so how do you think that will play out?

spud and mcadder,but of course they don't negate Naz's point that hydrocarbon dependence for power creation is bad for the planet. The problem we have in relation to gas storage,( and which is of interest to INFA investors), is that there is a standoff between the government and the major gas interests. The government believes that the gas interests should fund gas storage facilities because they will gain from selling the product whilst the gas interests declare that there is little or no money to be made from storage and thus they have been unprepared to put up the large sums for new storage facilities,(�300m in the case of INFA). I know you both know all this but ultimately a resolution of of the situation is what will determine our profit or loss here.

The basics of your argument are correct. The planet is being very adversely affected by hydrocarbon derivatives but there isn't a cat in hells chance that gas usage will be cut in half in three years. Thirty years might see a start in gas reduction! I served on the board of an affiliate of a major oil and gas producer and they are acutely aware of the demand for protection of our environment - and diversifying accordingly.

Given that FEED has to be completed by early December it would be interesting to know how long that phase will take. We would thereby have some clarity as to when we must have communication. Strange day today with rock bottom buy prices but with the MMs still prepared to take large amounts PS. crl thanks for your supportive comments.Go well.