Having just read a reply to JPM from Investor relations, saying that the RNS from the 30th March was still the best indicator of time scale, I have re read it and this stands out ; Current expectations are that contract terms for the first commercial production of Marine MSAR® fuel will be settled and production to start the LONO programme should be available Q4 2015. On success, consideration of the commercial roll-out should take place in mid-2016. Arrangements have taken longer than expected due, in part, to the oil price collapse and related uncertainty. · In Saudi Arabia the Company has been advised that emulsion fuel will be an integral part of the future national power generation fuels mix and that the client requires an accelerated 'production to combustion' pilot programme to be implemented to enable an extended combustion trial in a major power plant during the coming winter. Plans and preparations to achieve this objective, and the terms on which Quadrise will provide technology and services, are currently under discussion. · The use of MSAR® fuel for power generation in refineries (own use and export) is emerging as a potential additional business sector. Related project evaluations are in advanced discussions with a number of refining companies. I would say we are still very much on track for the 2 main uses for the near future, and we just need to stay positive. We may or may not get an update for the half year, but if we do, then it may well be late to incorporate the news. To those who come on here and bash the share , go play with yourselves it will give you more pleasure, :)))))
don't delude yourselves this share is finished. It's not going to go anywhere except down the drain
down the tubes
it is all about contracts, no contracts= no SP.
I can assure you it will fall into single figures if there are any more signs of delays. I've lost thousands in this share, I bought in the 30s and 40s when everything was looking rosie. If this ever gets to 20p I'm cutting my losses. Don't forget we still haven't turned over a single penny and may never.
"This is turning out to be an absolute stinker" - there is a mix of buys and sells so there are some believers around still. We need some news - if it's bad news, then the most it can fall is about 11p - but if it's good news, the sky is the limit! This is my biggest holding, so I am praying hard.
Looks like we are in the grip of the MM's and not looking good at all, need positive news. Morning DPE/Sammagmil/Richard/BertyW/ADUK
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