Where we are now21 Dec 2019 23:07
Hi All. I’m a first time poster here, but have followed and been invested in infa for many many years, and like you all I have been getting anxious about getting a return on my investment. So.. when I sat back and studied it right from the start in AH’s day ( drilling Woodburn, spending the money to produce a dry hole.)through to the take over by AP who was going to do everything just in a flash, and ended up doing sweet FA!! To where we are now. JW and AR took over a complete basket case of a company that had massive potential ( and still does ) but had spent money in the wrong places ie Woodburn. The company was non profit making, and still had a long way to go with legal paperwork and finalising land purchases for the Islandmagee site. Thanks to JW and AR the company now is the owner’s of H&W and is this week turning its first profit!! As we all know the UK is changing and I personally think that the purchase of H&W is a very very good move for the future saving millions on the gas storage plant build. Not to mention the possibility of defence contracts. The Islandmagee project has just entered the public consultation period as set out by DAERA. The work involved in getting to this point is massive. Not taking FID, I can understand for those of you looking to make quick money this is both frustrating and disappointing, but these are two smart men and there must be a good reason. I think if you read between the lines in the rns the answer is there. Going forward. More contracts for H&W, (possible defence) completion of the public consultation and granting of marine license. Infrastrata by not doing fid will have 100% of the company. That means 100% of the profits.
To be at this point from where these two men took over infa is amazing. H&W will build ships again. Infa will build a gas storage plant. The share price will go up, and we all will make money, and be proud to say that we saw the potential in infa and we were there from the start. JW and AR have the ability and the contacts, and are building an amazing team around them. This all takes time. One thing is for sure 2020 is going to be a very big year for infa.