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That is obviously not a reference for the magic roundabout
Colin please cheer up just for once "Colin the Snail"is always happy
https://www.linkedin.com/posts/quadrise-international-ltd_sustainablebusiness-activity-6699630478565101568-UJr1
Many of you have probably seen this video before, but if not, worth a watch.
We all bl**dy hope so, Ohmetoe.
If they dont land asphalt ridge then something amiss here .
Judging by behind the scene noise tho its all coming together
I can see your thinking about the negotiating position, however, I would argue that by getting Ashpalt ridge operation asap, then the company's cashflow immediately goes positive, which would improve the negotiating position with subsequent projects. It does concern me that in the recent video, the thinking was towards obtaining further investment past Q2 2021 to finance ongoing business development. I would rather see a conclusion of at least one commercial deal as I am sure that would attract institutional investment.
The addition of MSAR adds SIGNIFICANT value to the project, it can probably cut the production costs in half and the product can be sold directly to end users at a premium to the WTI price, no need for refining. Remove MSAR and the project is nowhere near as financially rewarding. QFI could potentially add $25 profit to every barrel sold, and if Petroecuador lands very soon, PQE will need QFI much more than QFI will need them, Jason and Mike will be in a very strong negotiating position to agree as high a % of the profits as possible.
As i am in both i think you will find not many PQE investors would not agree with this, Utah has 88 billion barrel of recoverable tar sands so i dont see that as a small fry operation . It appears that all included in the plant change over for bunker fuel along with the board are happily loading up with shares.
That tells me Asphalt ridge is progressing very well and the whole concept of this is to unlock clean tar sands which could well include MSAR on numerous plants world wide.
However i totally agree that PQE and TOM investors seem to hugely overlook the potential here and what brings to table.
Foxm just looked at my Crystal Ball and I can see 2 sets of sig one from QFI and the other (sorry cant tell you) lol
I've got a suspicion that Jason and Mike might be playing hard ball. QFI have many more active projects which could come good, PQE/Tomco are a bit of a one-trick pony. The news coming out of Ecuador suggests that we might be in a very strong position in a few weeks time, much better than the PQE consortium, the potential at the Esmeraldas refinery alone dwarfs Asphalt Ridge.
The addition of MSAR adds SIGNIFICANT value to the project, it can probably cut the production costs in half and the product can be sold directly to end users at a premium to the WTI price, no need for refining. Remove MSAR and the project is nowhere near as financially rewarding. QFI could potentially add $25 profit to every barrel sold, and if Petroecuador lands very soon, PQE will need QFI much more than QFI will need them, Jason and Mike will be in a very strong negotiating position to agree as high a % of the profits as possible.
Thanks The Orns I did not know that- the words suddenly came into my head this morning I hope it helps Torreaguas. ???????
Actually BP that was a song by the Tremeloes!
As the saying goes Silance is Golden Golden
Goodness knows how long it takes to finalise a trial agreement with these guys!