The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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A&E
Seeing as you specifically mention Freepoint, here's what's going on with them at the moment:-
South America (Freepoint Commodities) - QFI and Freepoint jointly met with senior management of a national oil company in South America, where there is an MSAR® opportunity for refinery refuelling, leading to domestic power generation and export opportunities that would reduce distillate import requirements for the client.
Mexico (Redliner & Freepoint Commodities) - Quadrise continues to engage with key stakeholders and decision makers in the energy sector to initiate MSAR® technology testing and deployment in Mexico. MSAR® opportunities include refinery refuelling, domestic power generation and fuel exports that reduce distillate fuel imports. QFI has recently met with a major independent power project developer, who is supportive of MSAR® deployment, to provide economic and environmental advantages to new build power projects.
So, in addition to the Morocco trial I'd say we're looking pretty healthy for turning one of those into a commercial contract. Time will tell but thanks for your concern
Fyoz. I’m afraid it’s time to take off the rose tinted glasses! It’s quite clear where this is heading since the unfortunate events of buoygate and Saudi Arabia. Haven’t seen much from freepoint or the Japanese MOU’s....the only hope and slight hope is a commercial contract.....anything else is immaterial and will not bolster the share price. The FACTS speak for themselves. No matter what golden glitter you paint the company in.
Shows how bad this government is when all of their combined intellect can't come up with a better excuse than that
In the Canary islands where I live (population circa 2 million), over 55,000 individuals have received on-the -spot fines for lockdown infringements, and over 500 are languishing in prison. Cummings would have been dealt with quite harshly here, he wouldn't have got through the first road-block never mind making a 250 mile trip, and might well have had his vehicle impounded for such a blatant offence. But we are reaping the reward now, zero virus, bars, restaurants, shops etc all now re-opened
I'll tell you who is insulting our intelligence - Dominic Cummings.
I wondered if this is a video of Cummings going for a drive to test his eyesight -
https://videos.dailymail.co.uk/video/mol/2020/05/23/43084231103760028/1024x576_MP4_43084231103760028.mp4
"Despite all the rhetoric and positive messages from the BOD, we are going nowhere"
Not sure if you're de-ramping, insulting our intelligence or you're just thick
They are waiting for Morocco to open it's borders then we can commence the trial burn at the clients installation. It's all in the recent RNS:-
'Our equipment and MSAR® fuel for the first phase pilot plant trial in Morocco are now on site and the joint project team remains in regular contact to progress the second phase activities for the trials on the client's larger commercial units. When we can gain safe access to the site, we will be able to commence the pilot trial and further progress the FEED study. The expected successful outcome of the pilot trial, and submission of the FEED study, will release payment for phase 2 in advance of the commercial trial agreements.@
"Now this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning."
While I realise the Covid effect is more than problematic for many companies around the globe, even before it took effect the writing was on the wall for Quadrise. You only need to look at the share price over the last 12 months to see where this is going. I would bail but to be honest the value is so low, I'm prepared to loss everything in the hope of a miracle.
Despite all the rhetoric and positive messages from the BOD, we are going nowhere. I can't see the company becoming profitable in the near to mid-term future, nor can I see where future funding will come from given loyal LTSH are becoming disillusioned and the fundamentals will not provide confidence for external investment.
I've been very patient with this share, but have now lost what little optimism I had. With the share price closing in on 1p, this I believe, is the beginning of the end.....