Member Info for spudtheplumber

From 27th December rns

"The Company remains in negotiations with various parties and although approaches have been made to enter into exclusive arrangements, the Board has rejected these advances at this point in time."

Approach has been made for exclusivity

I bought a few last week after it was suggested I take a look Ipo at 1.5p Options at 1.5p Warrants at 2p Share price at 1p Experienced bod backed by SI Capital and all their contacts. As a long term INFA holder I agree with Presto that SI were instrumental in the turnaround of the company! Clean shell (no "hidden" warrants etc)

Once these warrant sellers are finished we should start and gain some traction again imo. Expecting newsflow to start very soon, confirmation of start of enabling works etc. Could get offtaker news and the latest potential equity partner will be getting through their due diligence...

Good post Ben!!

From the Annual report

"We are effectively in pole position to take advantage of these changed market dynamics and successfully monetise the Project. We are currently in discussions with six potential offtake partners. We are further exploring the option of putting together a consortium of offtake partners if this will enhance the value proposition for the Company and our shareholders."

Anytime imo (sorry doesn’t help much ;))

Current mcap £14mill

Costs spent on project (after placing money invested) circa £15million
"As part of the Company's equity negotiations with all potential parties, recovering costs invested to date is one key commercial element of the deal and these additional costs will be included within that calculation."

£500k from warrants so far this year

Receipt of EU FEED grant monies expected Q2 (I'm guessing between £1 - £1.5 million )
"the FEED report has been submitted to the European Union in accordance with the Company's grant conditions and is in the process of being reviewed and audited. It is likely that InfraStrata will receive its final payment from the EU in Q2 2019 after this verification process has been completed."

Once FID taken infa will receive a construction management fee. Imo, going off 10% of project , this could be circa £3mill per annum. Fits in with this statement from annual report
"From a strategic perspective, it is our intention to be far more than just a one project organisation. To that end we have adopted a strategy that seeks to ensure the Company starts generating an income in the mid-term to cover running costs at the plc level."

Imo, after recent placing and warrants dilution, every 10% of retained equity is worth circa 1p per share to infa

So to conclude, I'm expecting a lump sum to push next projects forward, income generation to cover plc costs and a reasonable chunk of retained equity

Ignore the noise and DYOR
GLA

I'm going for Vitol

I dont see any reason to consolidate What's the point?

However what I will say. Our current mcap is less than money spent on the project to date (after the £1.5m placing money is invested) It has been suggested by the company these historical costs can be reclaimed from the equity partners. Add in the EU FEED grant due Q2 and the £0.5m from warrants so far this year, you could argue at this price you are buying at cash value GLA

Nothing much to say Dawski until either the warrants slow down or we start getting the newsflow

That's coz you're a nice guy JFK!! I think naz is a total ****trumpet

You also let your guard down Naz, no broken English lol

Nickel was selling out here in the 40's last year lol

Hopefully with that over hang gone we can start moving north again

It was mentioned at the AGM these were all global players Tidd The price action is what it is imo Still prefer blue days lol

Exactly Radders!!

"You want £265mill but can't guarantee me the key guys I've been dealing with will stay?"

Agreed chaps

https://youtu.be/lLe3zdcc8Q4

It should fill investors with confidence the way these guys answer any questions in a matter of fact way without hesitation.
They were exactly the same at the AGM under the watchful eye of our NOMAD

There's a flaw in the filter button you can still see everyone else replying to the clown lol.

I've tried giving you the benefit of the doubt but your total lack of knowledge as far as the markets work along with your narcissistic posts mean I'm going to filter you.
You come across as a total *** and if we happen to meet at an infrastrata event in the future I will tell you the same face to face.

JW could have taken the easy decision before xmas and signed a deal! He and the board are after the BEST deal GLA

Once our FID is taken Mutual Energy will start proceeding with the reverse project. (JW at the AGM)