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Imagine if Mike and his team had got orders for the ideas
The Sp had gone past £1 ...i'd sold my shares sitting here rich in a lockdown with nowhere to go
As Ned Kelly said before jumped through hoop.......
Be happy everyone lifes to short
I definitely don't expect any kind of update until lockdown in Morocco has finished.
I completely agree that an update is needed !!
Probably like many here, I follow the virus numbers closely. Morocco was not as badly affected as most, and should be fully open for business soon. And if Mike and co are not already making plans to you there and begin the trial, I would ask them why not?
As to be blunt, the risks of being there, are much lower, than at home in the UK. And I am very sure too, that even if flights are not available now, they will be very soon.
And if a private flight saved a week or two of further delays, even if it is a little expensive, this should be considered too.
time for an update mike
stop the lads from wrongly selling
It wasn’t the time to invest in the stocks market 90 to 95 percent stocks has fallen badly and it’s not over yet what coming next significant rescission as mentioned already
I have been in here for a long time.i sold Aston Martin with some profit eddie stobart is 8p breack even point.sold legal and general today made good profit. I would be surprised if the markets are up tomorrow.
Just looked at a couple of others that you follow and Eddie Stobbart or Aston Martin could have lost you a similar amount depending on when you bought into them
Ask yourself why you invested £14k in QFI in the first place, and are the prospects better or worse now than they were then. I'd say for the real long-termers the prospects aren't as good now as say when we were starting the LONO trial with Maersk, or when they were trying to get signatures on 7 different contracts in Saudi Arabia. But those opportunities didn't materialise, and we were left with having to change strategy and go after new markets. But from those dark days I'd say we're in a much healthier position, and strangely enough those 2 missed opportunities are actually still possibilities
I can't say whether you'll get your £14k back, but from where we are right now, I'd say you've got a decent chance of recovering your initial stake. Would one decent contract take us back to 15p? I'd like to think so, but I am an eternal optimist and believe that MSAR is not too good to be true
How can anyone have a investment in this company of £14000 and now only worth £1000 is this company that badly run or am I hoping to get my money back some time in the future or will thy go bust.
And your point is?
Under 1p, under 10p so what. Most here are waiting for 30p+. We've waited this long a little while longer won't matter
Morocco will open soon then the paid trial begins. I don't really care if we're under 1p, it's the outcome of that trial and the other prospects that count
Sp irrelevant at the moment??? A further drop of 9% soon be under 1p.
So your comment about 'we are going nowhere' was specific to the SP? Because if you believe the RNS's (why wouldn't you if you're still invested), we're not 'going nowhere', we're just about to start a paid trial in Morocco. So I was responding to your ambiguous comment
The current SP is largely irrelevant at the moment. We don't need to fund-raise, so unless you need to sell it's just a number
I really don't understand long-term holders losing faith now. If you believe the BoD and the amount of opportunities that are being generated you should be looking forward to a very exciting time (in my opinion). Where would the SP be if Maersk hadn't changed policy. Or we hadn't got tangled up in the unpaid electric bill in SA. Either of those contracts would have made this company, both? We'd probably have been bought out by a major for a very hefty price. It's all still to play for, definitely not the time to be emotionally throwing the towel in. Less than a year ago Mike Kirk was topping up his ISA at 7.1p per share
Keep the faith
I admire your optimism and I am neither de-ramping or thick! As a long-term holder of this stock I have seen many false dawns, but remained optimistic the product would succeed. I have built my shareholding considerably but my latest purchase will be my last. As such, why would I "de-ramp" or even want the share price to fall?
You should not jump on every negative post as if there is an agenda behind it. I simply posted because I am no longer optimistic and have more or less written off the invested capital, (while praying for a miraculous turnaround in fortunes). Everyone is entitled to an opinion, without the need to be labelled "thick".
Yes, the company has many irons in many fires, but equally history has shown their inability to convert "irons in fires" to a commercial contract. This is reflected in the share price collapse. Just look at the share price graph! The peaks are less peaky and the troughs are deeper and more sustained than ever. Unfortunately the general shareholding population do not share your optimism for QFI.
We've been through oil price surges to over $100 a barrel and more recently the lead up to and introduction of reduced sulphur regulations. During these apparently opportune times to capitalise on the benefits of MSAR, we are still without a commercial contract and I believe this will likely remain the case.
Time will tell and as a holder, I will be delighted for these sentiments to be proved wrong. I don't want the company to fail, I want it to succeed and I want to be rewarded for the faith and capital backing I have given the BOD over the last 8 years. BUT facts are facts and dreams are merely fantasies.....
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 -
"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.....
Thanks for contributions. Let's hope we get some material progression soon. I agree with you 'theOrns' the false dawns have really hit confidence especially regarding the maersk trial!
I know this could be seen as off topic but this Virus has indeed affected the markets and all our lives both private and professional. Please support and share this petition if you can: https://petition.parliament.uk/petitions/310359
As the saying goes The Chicken or the Egg lol
I agree, pending a successful trial in Morocco and a commercial contract signed this will open the flood gates especially with the calibre and diversity of MOU and potential JV partners. This is my largest holding and very quietly confident of prospects this year. IMO
I would say we will go Commercial by November this year. According to the press the lockdown in Morroco will last until July so hopefully our Trials can start then.
We should get fingers crossed something out of Morroco before we run out of cash. They should be applying for Government assistance which should extend the runway for 3-4 months. Their is always Ecuador which looks like it has some steam. With the potential pipeline if it ws not for the earlier false dawns the SP would be higher IMHO