Member Info for steello

Looks like all the posters are too Jimmy. Good on them, I wish I could have joined them.

C’mon, let’s crack the 1 year high today !

Nice update :- ‘completing the negotiations that are underway with three potential equity providers that have provided the Company with term sheets for equity funding (at Project or subsidiary level). The term sheets are not binding and at this stage it is not guaranteed that InfraStrata will enter into a binding equity agreement. However, discussions are detailed and advanced and InfraStrata is still on track to provide a full update in Q4 2018 as previously stated. Enabling works have been planned as the next phase of the Project, ahead of a final investment decision, and are scheduled to start in January 2019. In addition, InfraStrata has engaged Costain to undertake a Concept Development Study to consider the technical implications of twinning the pipeline that runs between Northern Ireland and Scotland including the restrictions of connecting any new pipeline into the existing network and regulatory framework. There are no guarantees that it will be possible to twin the interconnecting pipeline at this stage and further details will be provided when possible. Further, Atkins has been engaged to further investigate and provide a Concept Development Study on developing additional caverns on Islandmagee, as previous advice received indicated that an additional 15 caverns could be possible on top of the 8 already planned. However, there are no guarantees that it will be possible to develop any further caverns at this stage and further details will be provided when appropriate. John Wood, Chief Executive Officer, commented: "It is testament to the team that we are building at InfraStrata that we have managed to deliver these milestones in a timely manner. As we progress through to the end of 2018, we are working hard to close out the equity funding for the Project. We are working through the process methodically to ensure we create maximum shareholder value. We are working to ensure we hit the ground running in 2019 with many work streams in progress’

Another great rns from Infa.

A quick question. Does this notification mean that one investor has exercised £110k’s worth or could it be the total of several investors exercising individually ? I hope this makes sense and thanks.

Welcome dv. Good luck here. Some big news expected soon. Take a read through the older posts when you have time. Some superb posters here sharing their knowledge (not me unfortunately !)

All waiting patiently for the big rns........

Great to see this moving up. It’s probably on a few people’s watch lists. The fact that JW wants to start work in January says it all to me considering the EU grant decision is due in February. One week to go until the investor evening. I think there may well be a bit of good news before then. Gla

I must be older than you. I think of Kenneth Williams shouting “Infamy! They've all got it in for me!"

I think they may have gone through the Nex exchange Mitch. Infa is listed there too.

Well done Radders, you held your nerve well. Always nice to see blue in your portfolio.

I’m envious of you guys. This board is full of fantastic people who help the likes of me out. I only wish I could be there to thank you all. I’ll be glued to LSE to see the feedback. Exciting times for all.

Hi Mitch. I took that from the Rns dated 15.10.2018 ‘The application has been submitted for a grant intervention rate of 33.14%. This equates to a grant amount of circa £40 million towards the total construction cost of the Project's first phase of an initial two storage caverns.’

It also has PCI status.

The grant application is for £40m of EU funding.

Lovely to wake up and see that rise. Massive volume which is good news. Sellers selling and new buyers arriving who will want a return on there investment. Plenty of news in the pipeline to keep up the momentum. Full steam ahead, this is only the start..

The question would be why?

Now let’s keep it going ! I love this share

That’s what I keep thinking. Is it to let a large investor in before we get to hear some good news? I don’t think I’ve been in a share that drops a tiny amount nearly everyday or what feels like everyday. One good thing is, at least there won’t be a placing because they’d only raise about £27.50 :)

Hopefully a few of you will get the chance to meet up. I think things will be a lot clearer by then. Well done for making the effort to go. Nothing better than hearing it from the horse’s mouth.