Member Info for Si_Derman

Three RNS's all at once. :)

It's not the delays on the journey that matter, BP, it's the final destination.

I'm still LOLing.
Made my day. :)

That's just brilliant. Nice one JW.
And you Spud. :) :) :)

I am now content to wait 6 months and then some, to see how this turns out. IM or no IM.
Plenty of other stocks to play with on the side meanwhile. This one is a keeper AFAIC.
And TBH, right now I have a hell of lot more confidence in the current BoD than the previous shower... all things considered.
Recent ii involvement gave me confidence and I'm so used to delays and dillution, so, whatever...
Here's a potted history of how things have panned out since I got in. Just for fun. ;)
https://invst.ly/p6rl-
Good luck and best wishes for Crimo and the New Year.
Si

Hi Speedy, never sleep well, TBH.
But, just got back from seeing some old friends band playing at the local pub.
Cracking night.
Cheers, Si.

0.13 to .0062 in eight years.
But the dillution... that going to take bit of spreadsheetery.

Trying to put all this into some sort of perspective I've had a re-read of the July 4th Strategy Update and find that maybe I was focusing on IM a little bit too much. And if I'd kept in mind JW's stated, "wider strategy", I may not have been as supprised at the direction we have taken. He sets out quite clearly that the company was looking further afield than just IM as a sole project and was already in talks with potential partners and asset owners for new projects meeting certain criteria. Namely:
· UK mainland gas storage projects to complement the Islandmagee Gas Storage Project.
· Floating Storage and Regasification Unit ("FSRU") projects in the UK.
· Existing operational and revenue generating gas storage facilities within the EU.
With projects already having been found for all of the above and were even then, in discussions and doing their due diligence.
Obviously, no mention of buying a bloody ship yard at that point. :) But, that may turn out of be a good move in project savings and further income. Along side the stated objective of receiving income from construction and operational management and a return on retained equity in any of the projects.
Although, at that time, he was expecting to fund initial costs of these projects with a mix of the expected, "cough", EU grant money and back costs on IM being reimbursed on completion of FID. No FID = placings galore, meanwhile.
So, we are here. Stick, Twist or cash in....

Something to read while we await the next bombshell.

https://www.daera-ni.gov.uk/consultations/islandmagee-gas-storage-project-december-2019-consultation-ml-2812

I was under the impression that the only way IM could benefit mainland Uk was if the SNIP bi-directional work was undertaken.
Where was JW 's train heading, Twynholm or maybe Barrow in Furness?

Was wondering if all these new TR1's were in the loop with this course of action or are they just here for the H&W side of things.
If they were in the know they could have easily taken out shorts to cover their position. To cynical?

More shares given away.
Didn't think we would see our annual January placing this year coming, not so sure now.

Don't worry Scored. It happends to all of us, more offen than we would like.
Not sure just how low we could go, but as we were discussing yesterday the current Mcap seemed only to be priced for H&W alone. Now I've calmed down, I ain't going anywhere and will buy as and when an oppertunity arises. Going wait a bit though.

Scored, please stop buying. lol ;)
Oh, y'gotta laugh sometimes.

Eight years next month and still waiting for my "quick buck". :(
The only thing short term here is in what direction we are going, as a buisness.

Picked the wrong day to have a lie in.
Picked the wrong share to pin my hopes on.
What's the betting we will get another RNS saying is okay though we got a few more ship contracts coming in.
The omnes we already know about, thanks to spud.
So p!ssed off, tempted to just cash in and go.

Dotless. Going to bed.

Speedy,
1: I actually posited that Stena may be the contractee in my post 06 Dec 2019 17:38, with links to previous contracts.
Why the secrecey?
2: Maybe not. But...
Why the secrecey?
Both would have possibley allayed fears that things weren't moving forward with H&W. Or certain delays were due to getting order books and positions filled. I appreciate just how damned hard JW and team are doing, but would it have been in any way detrimental in either case?
Don't know, maybe it's just me that would like to be invested in just one company that kept it's shareholders up to date. And not find out pertinent information sourced by others in some random press article.
Anyhoo, rant over, best get to bed. Or maybe I'll wait for a bit and check out the RNS. ;)
Cheers.

Great find Spud.
But isn't anyone just a little bit miffed that again we have to find out company details in the press.
New staff, more ship contracts and the company names... Guess we will be having another forced RNS quite soon.
Unless thats the news eluded to by JW in this mornings RNS. If so why not put it in todays RNS.
Don't get me wrong, it's great for H&W that order books getting filled and all that, and at least it's not details of a placing this time. But, it just shouldn't be released to anyone until it's RNSed to the bloody shareholders. IMVHO

Jeeze, lighten up on the guy. He obviously has good intentions.