Member Info for Tango1

Just to add to my disappointment, A chairman's sole role is to oversee the BOD, The lack of his investment is noted and the agreement to the bonuses is noted but what is he actually doing regarding value for money etc? I predict an imminent resignation.

With the lack of a take up RNS I presume Cenkos has failed to convince the II's to give more bonus money!!! JW seems to be a clever guy but his stupidity proceeds him! AIMHO

Razor, I found your last post rather strange, if speedy decided to sell it was for good reason as the BOD have given "0" reason to invest, they offer a placing at a virtual 25% discount, you should ask why! if everything was rosy in the garden a 10% reduction would have been snapped up but considering JW's bonus from the last cash call they needed to make it attractive. the only thing that will turn this now is a MAJOR contract or BOD buying. I retain my holding in BLIND FAITH but my HEAD says sell. so much promise but also so much cloak and Dagger! AIMHO

If there is not an RNS this evening stating a full take up then maybe JW should consider his position and maybe move on so another GO_Getter can finish the Job. If no RNS it will be 100% on the basis of the Bonuses IMHO.

At least we know the SP for the next month or so.

That takes the cash raise to £26M and we have a single contract worth £26M...!!!Mmm

Chitta123- INFA will be getting revenues from the build and project management, also JW always stated whatever deal, INFA would get back the Circa £15m spent and a % of the equity.

Not booked in but I am told on the cards..

Tells me there is a Carnival in town !!!...

is still about so not going anywhere fast.

stokey12- I am expecting a lot more fab contracts before that and the ML hopefully.

Makes me smile the Arnish lot screaming after a couple of months for contracts when we were waiting 3 years for the first decent one LMAO!

roly12- Infa has already put circa £15M into the iM project, so they will be looking at getting that back from whoever takes on the project + an equity stake, INFA will also be building and managing the project to completion for whoever takes the FID at the going rates.

Pokerchips- Looks like you suffer from creative reading! the actual statement does not state they will seek new investment it states:-
"Subject to the outcome of the determination of the marine licence by Minister Poots, we will seek to engage more actively with our identified pool of investors with a view to agreeing project level investment and equity terms with them and proceeding to Final Investment Decision ("FID") in the next few months. Further announcements will be made to the market on the marine licence and next steps thereafter in due course."
The investors are for the project not the company "at project level" should have given it away.

The acquisitions in a normal fully open market would have cost a lot more, we Had to man these places so was going to cost, but it has been kept to the minimum, and most of us on here has seen little in the yards for a couple of months so could not expect anything more in the results. Now the country is virtually fully open it is going to be totally different and contracts coming in on a weekly basis, along with JW committing to quarterly updates, he is obviously rightly confident. AIMHO

Of INFA's PR machine this weekend.

Wait till Monday when all the new money comes in after the press releases.

And still very cheap to get in.. But for how long?

well looking at the chart after 50p, 83p is next resistance...

It is going to be like waiting for a number 7 Bus, and now one has turned up! get ready for a constant stream :-)