The recent announcement by ExxonMobil is totally unrelated to MSAR or associated MAN POC tests.
HDME50 is a distillate oil based fuel with low sulphur (<0.1%S) that's designed for ECA use and we expect is priced accordingly (i.e. as close to MDO as possible).
The advantage stated is that it's high viscosity and high flash which means you can handle at temperatures closer to HFO, hence when you switch from ECA to Non-ECA fuels there's less thermal impact to the engine.
We do not view this as a threat to MSAR, more to the ECA fuels on the market.
QFI Investor Relations With thanks to imperator2008 on II
Is this latest drop really on the back of a 1m share sell by a holder with around 32m shares . My guess is he just needed a bit of small change in his back pocket to invite a few friends round for a BBQ on Saturday night. He still holds about 12500000 quids worth HARDLY A PANIC SELL !!!!!!!!!!!!!! I will do without my sat nite BBQ and keep all my shares whatever anybody else does
Thanks for reply, what I dont understand why would MM want to bring the SP down on QFI -surely if the price keeps on creaping up more punters will get involved and buy this share. Can anyone explain please. Boyporche
Totally agree BP. I have quite a few QFI shares & watch market activity fairly closely (although do not trade) & it does indeed seem that whenever possible the MM's drop the trading range. In addition at times the actual buy / sell spread at times can be as much as 2p which is absolutely ridiculous.
I am not just saying this because we have dropped a bit over the last few trading hours (albeit yet again manipulated) as it has been going on for months.
BP - it's only costly if you want to sell. This has always been a long term investment and the very big rewards will come to those who hold/accumulate this stock. I am sure institutional investorsand HNWIs will be doing just that now that MSAR has been derisked and we have moved from development to the commercial phase.
I see the following was posted on the shareholders forum yesterday "Regarding Mr Lawrie and his sell, I wonder how many people know he is 71 years old? At that age I would expect him to take some profit, perhaps share it with family and friends, after all, you can't take it with you, as they say!'
Yesterday as we all know the selling price went down 3.50 but basically at the end of the day including some big buys - buy -v sell were about the same but the price fell so it looks like the MM are at it again and trying to supress this share for there own gain. it is very annoying and costly.
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