Member Info for Snowman100

This will be 3P and holding at that or above very soon IMO.

Tango........ it actually pushed up to 2.12p briefly in early 2019....but came back down same day to 1.7p.!

loads of balls in the air. Needs fubding news to steady market nerves.
Then it'll take off like a tornado jet!
Incredibly audacious move by JW.....potential virtually unlimited.
GLA!!!

yes..... 0.16p..... quite right....sorry.

Still think could easily hit 2p+ though if couple of projects kick in.

Yes I am Spud.

If it gets issued (Oxford Dictionary: supplied or distributed, formally send out or make known.) tomorrow.....that is October.

Bit harsh maybe.....but fact.

That's also the only target out of the first eight that had any substance....the other seven were to some extent padding/window dressing......so to not have it issued in September I have to say that I find it very disappointing indeed.

Would I soften my view on that if it were to come out tomorrow?......probably................but have the feeling it won't!

I still think the project is a winner and still applaud the BOD for all they have done and are doing..........but FFS they shouldn't lift expectations if not absolutely sure of delivering.......would have been far better to say November, then deliver in October!

I'm not the only hard taskmaster.....the market will punish.

Must say....very disappointed.....especially as the target of September for the issue of the draft GSA w only set less than three weeks ago !

Very Poor show to raise expectations and fail to deliver on time.

There are many that will say have patience.........they are missing the point............if you say you are going to deliver.........you HAVE to deliver.....no ifs no buts.

Even if it's first thing tomorrow.......herculean effort maybe.....but too late........reputational damage is done.

Should easily hit 2p plus if a couple of the projects kick in.

...'once the placing clears up ,we shall be on the moving ….all the way to 0.10'

It was trading at over 1.6p less than a year ago.

My money is still on John to come through with a 4 o'clock RNS...he'll certainly be busting a gut trying!

Plenyy of time for an RNS later toxay everything's cool!

Aunty…..yes, 16% of 250 Million is £40M per annum.....very nice indeed!,,,,,,Islandmagee is estimated 50M -65M.

However, there would be even more return if the FSRU project is at the higher end of the spectrum quoted in the RNS (250M-400M capex) i.e. 400 million capex.

In that case the return would be in the region of 16% of 400 Million which is approx 64 Million per year.....which is equal to the higher estimated return on Islandmagee.

So overall the maximum FSRU potential is equal in value to the maximum Islanmagee potential……very very acceptable!!

GLA !!!

'To get in the FT Small Cap you have to be a 170+ million pound company which is bigger than Costain who are working on this project! '

Just the cost of this one project is worth twice Costains MCap !

Will we actually get to see a copy of the draft GSA?

Talking of future projects....we will soon hopefully be progressing the FSRU project and that has even more potential than the lifetime 2.5 billion dollar revenue of Islandmagee.......I wonder what will come after that?......it's quite mind-boggling for such a low MCap minor company....we must be careful not to overstretch too quickly.

Next bit of excitement anyway is the draft GSA.....a major document....hopefully this Monday (last day of September)!

This is a real class company and wouldn't be surprised if INFA is in the regulated main market as soon as 2021.

GLA !!

'Why would Vitol loan Infa the money when they could buy it outright from 1 days dividend earnings I.e. pocket money'

True aunty........but you could equally say why are they off-taking when they could buy it outright from 1 days dividend earnings I.e. pocket money.

And after all, they ARE in the business of both off-taking and providing funding. Didn't John say at the presentation in London that they were looking to offload the bulk of the projects as things go forward, just keeping a percentage interest in them whilst reinvesting in new projects? .....perhaps that suits both parties?

RNS 3rd July
'The signing of the Term Sheet has enabled InfraStrata to continue to progress detailed discussions with potential equity and debt partners in the UK and Europe for the funding of the construction of the Project and pre-construction works, and this is a key priority for the Board.'

and further down th same RNS

'The Company remains committed to obtaining a FID to fund the construction of the Project by the end of 2019, which can then lead to first injection of gas in 2022 and full commercial gas storage operations in 2023. This is subject to agreement with the Company's chosen funding partner.'

Note the first paragraph says equity and debt partners (plural) but the later paragraph says the Company's chosen funding partner (singular).

There is no mention of debt funding in the milestones.

It seems that the equity and debt partner are either the same so there is only one milestone for both or the partner is 100% funding equity with no debt needed and hence no debt mentioned in milestones.

Two edged sword....equity is costlier but less risky.

Raises the obvious question.....is the funding partner VITOL ?.......I'd say yes......if so, how much of the project remains 'ours'?

SP seems a little stalled right now.......zero sells on Friday.....peeps are holding very tightly onto the shares......when the inevitable news flow starts SP will take off like the fastest accelerating rocket known to man.......'At 3:21 p.m. (EDT), NASA'S Juno Mission spacecraft will slingshot around Earth towards Jupiter, accelerating to 25 miles per second along the way and becoming the fastest man-made object in history.9 Oct 2013'

GLA !!

Cheers Dawski.........I'll keep checking my account hourly! ............. lol!

Meanwhile....we're in for a white knuckle ride Monday as the share price smacks the gear-cogs into warp factor six......IMO it will be well up over 1p by midweek if the GSA looks as good as has been previously stated.........

11th June RNS....'Once the entire working volume of 500mcm is made available to Vitol, this would translate into projected annual revenues of between £50 million and £65 million at project level before operating, maintenance and other costs'.

3rd July RNS....'The Company announced that it had agreed a term sheet with Vitol SA that, once converted into a full gas storage agreement in due course, will underpin cumulative Project revenues for the first 12 years of operation of the gas storage facility, expected to be approximately £600 million to £780 million before costs at full operating capacity. Over the 40 year lifetime of the facility operations, cumulative revenues are expected to be between £2 billion and £2.60 billion before costs at full operating capacity.'

Allenby Capital 11th July ..............."We are retaining our valuation of £56 Million or 3.3p per share.....(reflecting a premium of 3 times the de facto spend on the project of £20.5 Million....and risked for residual uncertainty"

.........................I'm having a bit of all that !!!!!!!!!!!!!

IMO....this share is going to surprise us all!