Member Info for spudtheplumber

65% is a loan guaranteed under UKGGS, the remaining 35% is project level equity.

It all depends on the derisked value the various equity partners give islandmagee

I was talking to a guy who I met at the presentation yesterday and he was pretty sure 40% had been indicated.

Higher than I had hoped for but we will have to wait and see I suppose

Hopefully with 4 term sheets on the table we will get a fantastic deal

I've just posted this on advfn

My thoughts, sorry if they duplicate what's already been said

The first 8 cavern project is worth 11.6p per share (from presentation)
That's fully diluted and 100% of the project.

Say infa kept 40% of equity, that would mean almost 5p per share for this first project.

This does not include any of the 40 mill EU grant (if successful boom!)

All future projects are ring fenced to keep value in plc until they are ready for project level funding.

Also infa get a project construction management fee during construction and a facility management fee when operational.

Massive potential here short, medium and long term imo

You're right , sorry Jimmy

Last rns, project level funding news early jan

Without any of the £40 mill EU grant or future projects. Two of which are under study atm

What a difference 9 months make Setanta ;)))

Which, imo, is why this company was incorporated on 24th December
https://beta.companieshouse.gov.uk/company/NI657962

Yep, the equity partners will only be buying into first 8 caverns (they get involved further down the "risk wedge")

All other projects are ring fenced to keep value in plc until equity partners are willing to get involved at a similar stage.

If that makes sense?

Got to be big buyer driving this surely?

Yep no worries Fella!

Well we've hit your predicted 1p before news mcadder.......

*hear

Around 11 months ago I, along with a few others, were in London to vote through a heavily discounted placing with warrants.
What a turnaround since then!!

We don't here much from the trolls on this bb anymore lol
HNY everyone (including john reynolds & JrEwing) ;))))))

HNY Radders, I think it will be :)))

I don't know if it's the same person but there have been 6 or 7 £5k buys go through (a couple on nex)

Well done everyone

Reading through this bb reminds me so much of the infa one last year!

Sentiment at an all time low, sp below placing price, trolls kicking everyone when they are down.

Trust in your research guys, good luck for 2019

Thinking out loud here

What's the chances of Irish government being one of potential off takers?

How did you find a draft copy of the ROI energy plan ffs :))))

Notice cooperation with UK will be a priority

Good one mcadder Slight correction Over £13.5 million invested so far ( from the more recent rns) 4 equity term sheets on JW's desk is testament to the attractiveness of islandmagee energy as a long term, secure investment!