Member Info for tidd83

Dawski was it you who recently TR1d to 5% ?

Tweeted on Friday; Friday .............. it’s been a busy start to the year already. Looking forward to next week, tender clarifications, offtake meetings, visit to site in Islandmagee for meetings, Oil Capital Conference, AGM and finishing off with our board meeting. #INFA https://twitter.com/johnwoo64494325/status/1088860084124438528?s=21

Given nobody was seemingly able to take stock whatsoever I think we could see a short squeeze with some buying pressure. Now that would be interesting. https://twitter.com/gilgameshgod666/status/1088703025651306496?s=21

(Contd) Due diligence are underway. Couple that with an update around the £40m EU grant and it’s a sensible move. The raise was done at a great level with around 9% discount, that’s minimal. Couple that with the fact that weeks ago the shares were trading at much lower levels. Anybody who wished they’d had the opportunity to take part in the placing can buy at placing level or just under on the market. Word on the street is that the whole £1.5m went to one party. We shall see.

“By analysis of the critical path of planned construction activities, the Company has identified scopes of work that can de-risk the Project for potential investors, which in turn is expected to add to an increased valuation of the Project. 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.” Recovering costs - this alone amounts to the current MCAP. Given what has been achieved to date I don’t think anybody can not be happy with current progress. The raise would never have been done on a spike and £1.5m is certainly not detrimental to the long term vision of the company. The development process can begin with initial ground works whilst negotiations and due dilih

Are injecting plenty of cash in at the moment and continue to do so.

Great write up and coverage, one thing to note and requires amendment is below; “These projection do not take into account the possibility of INFA being classified as a project of common interest for EU funding. INFA has applied for inclusion on the Projects of Common Interest list.” It already is on the list today, this was a reapplication by invite to maintain its position.

Thanks OW that’s exactly the angle I was gearing. Not far off then and calcs we’re done a few days back so wouldn’t have taken in for any recent SP appreciation.

Then feel free to correct JH.

At the moment you are buying at around 30p per barrel.

Tells you all you need to know; “A further Project equity funding offer was presented to the Company during the week commencing 17 December 2018. In order to fully assess and evaluate this offer the Board has decided to delay entering into any formal arrangements in Q4 2018, with a view to concluding its review and negotiations early in 2019. 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. All potential Project equity funding partners consider a phased investment commencing with phase 1 (2 caverns) to be the most appropriate way forward. Initially, financing arrangements will be provided for enabling works, with the majority of the funds being provided to facilitate development of Phase 1 after a successful FID. All potential project funding partners plan to take equity in the Project at this point.”

MrT not sure and it will be hard to tell. Either way the price gapped up on open which was interesting and then pegged on close. Whatever the worked order was it is now complete and reported so any volume should see this run on, MMs were clearly holding it into close.

Hey Mr T, hope you are well? Indeed I have, just been busy with personal life so took some time out but getting more time now to refocus. I agree with what you said. The rise we have seen has merely corrected the company valuation which was previously priced to fail, all signs are pointing to a strong performance for 2019 and the new board are clearly delivering and completely aligned. Despite the recent rise the company valuation hasn’t run away with itself. The significance of the project, with all permits in place and offtakes and financiers all currently in discussions with fresh deals coming to the table shows the key importance and at a national level. The only company of its type with PCI status and backed by the UK guarantee scheme. The closure of Rough and the seasonal rises in natural gas couldn’t have been better timed to perfection to make a perfect storm.

Snowman, consolidation at each level is normal. Few worked buys/sells going through. First run at 2p today and similar to those at 1.5p, there will always be sellers at each level but it just allows new positions to be taken. The news front is stacked.

Still to come, the re-rate is merely due to the low valuation attributed to the company. Given what has been achieved and the enormous potential i think we are still only seeing the beginnings of a strong curve. Still around £20m MCAP with a grant submission in for double that, PCI status and all ducks lined up, multiple funding partner discussions and six offtakers also in talks with one bluechip already issuing an LOI it still shows the enormity of what can be achieved. PM cash inflow is a huge potential also moving the company straight into income generation, the project life has been extended the IRR increased and a potential to increase the storage capacity by around 200% is also in the wings. Scoping and FEED completed and all permits in place, the project has also been demonstated to come in well under budget and at a huge cost saving to other projects being commissioned around the UK. With Rough closure this also makes the project a monumental requirement for energy security and why such statuses and grants and UK government backing exists.

https://twitter.com/edvanderwalt/status/1084766755061403649?s=21

Lurker well you can knock your estimate right on the head. The initial project is potentially for 23 caverns so your target SP valuation increases and that again is just for one project. INFA will become cash generative as part of the development if they are strategically setup to PM the operation so well ahead of any of your supposed, finger in the air target construction deadlines anyway. The £40m grant which has been applied for will also play a factor in % retained at project level. The same £40m which you stupidly believe is irrelevant. You were asked to contact the company with your findings and post your responses, I see you have not done so. Rather than be sad that you missed out and made a wrong call accept it and move on, or - take a seat at the table, being bitter will get you no where.

All it was in relation to, was that part of the process was awarded ahead of some kind of procedural timeline. There is a seperate application already made.

Manyana there is a separate application in already so nothing is dependant on this review.

Sorry Lurker but not entirely sure I see your point. Are you telling us that of the multiple options on the table that any debt based funding government and/or otherwise won’t be considered? Given the multiple discussions underway I think it’s clear the INFA team have a project and options available where they do not need to be dictated to. The government backed security also carries heavy weight to any negotiations.