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You could not make it up after months of waiting & a positive RNS the SP is going down.
I guess people want to take a profit. Personally no interest in taking any profit at this stage but perhaps if my break even was much lower I would think differently .. blue skies ahead
The RNS definitely was a major positive announcement, but plenty more to come, I know it is crazy but the Marine permit will probably give the biggest boost even though we are not reliant on putting salt back to the sea. Offtake actually shows the demand is there and is BINDING!
I could understand if the price went up 50% and people then started to sell to capture that but it didn’t
Not sure what the market needs for the sp to break a penny
Very strange but I guess thats AIM
People were up 40-50% from 0.7
Just seems very strange that the SP hit a 52w high of 1.88 when there was no offtake, more uncertainty, less clarity on social issues, etc etc
Nothing macro has happened to the UK gas sector, etc that should be dragging down the price so now with a major offtake TS in hand, closer to funding, etc etc it seems laughable that the SP is 50% less.
As said I will hold my shares until bust or glory and am used to it with AIM but just doesn't make too much sense at the moment
The warrants are making 50 % can't be sneezed at ,
The spike after Xmas gives this a false footing
This is the best part of rns
Michael Curran, Head of Gas Trading Vitol commented: "This store will provide reliable, flexible and long-term solutions to our regional and global client base. Gas is an essential complement to wind and solar and, as the energy mix evolves, we anticipate its role will grow. We are very pleased in this first step of our relationship with InfraStrata and will look to partner with them on suitable projects in future."
This part very telling.
We are very pleased in this first step of our relationship with InfraStrata and will look to partner with them on suitable projects in future."
This RNS gives the green light to progress equity partner and debt financing, once GSA agreed and signed with VITOL potential will be reached IMHO
If I was happy to dip my toe at 0.82 last week then I should be extatic to be able to back up the truck at the same price today.
I can understand the reasons for SP staying surpressed but for me the biggest issue was with milestones getting postponed time and time again, and it looks like the first one has just been achieved, so I don't mind front-running the wider market and going in big.
suitable future projects, yes I liked that too. Infa have targeted possible CHP.
https://www.vpi-i.com/
Bit less stressed now.
might not be clear on the page but that Humber plant is owned by Vitol
Great LSE interview out. Already have interested funders by the sounds of it. The issue is of course on what terms and funding will be subject to the usual consents, but all seems very positive to me. Dipped my toe in today.