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The Sneaky buy was mine. Limit order put on earlier today. Just trying to bring my average down.
Sneaky £9,000 buy right at the end of trading, a while back I would have said something about to happen, lol. Onwards and upwards.
That’s Steve Byles company, So yes Quadrise do have contact
Does anyone know if QFI have any contact with "Heavy Sweet Oil" ?
MMU not MMN Re my last post.
46g...Regarding funding I recall we were told most project costs would be paid by the clients and that current funds willl last iuntil i think it was Q323..They also stated only a purchase of a new MMN would impact thr cash run significantly.
In relation to the Utah project the confirmation that the oil samples are suitable for MSAR and supply agreements with ciients have been signed are substantial news so I would expect an RNS.
Skeletor
I'll re-post my Thursday post Utar included
Have been thinking over the last dew days about additional funding.
Nothing has gone to the original timetable and here we are and still have no news on MSC which at the earliest will be completed H2 2023.
March Interim Stated £5.6m cash Dec2021 which was sufficient to conclusion of commercial projects in 2022 H2, also said Non-project burn per month £250,000...Note Non-Project. So take £3m off the cash for running QFI which leaves ££2.6m this year for project related expenditure...All the money has gone again Q4 this year or maybe Q1 2023 latest
Lets keep our fingers crossed Morocco conclude H2 2022
Utar Phase 1 Activities should be completed by 30 June (Interesting) watch this space...Will this lead to a supply agreement in H2 2022?
Nail biting stuff the QFI team are busy they need to follow through on all the above to avoid further low sp funding which is highly dilutive.
Im betting they will come through on either Morocco or Utar as planned this year we will see a small increase in the SP which will activate another funding.
Correct certainly not a deadline but I assume some have wondered that should quadrise complete these goals would they release information to state so. I would assume probably not.
"We now need a 400% increase just to get above 6p."
No. Now we only need to get above 6p for a whopping 400% increase!
Maybe that was the goal or aim. Not a deadline or equivalent.
Don't believe it said that? That they would do certain things by June 30th?
My average price is 15p so no I,m not looking for 6p.
Maybe buy some shares in QFI Barking? Would be a first.
Knowledgeable holders of this company have never been interested in 6p as a share price other than on route to a much higher selling point on company success. This is AIM and by definition high risk, its either boom or bust.
I reckon the former is more likely despite current SP which simply reflects shareholder frustration and probably some selling of over exposed holders.
As for you Barking? We know what you are and you’re really not very good at it.
Meanwhile back in groundhog day land the SP continues its route south. We now need a 400% increase just to get above 6p.
I'm sorry, I don't believe it said that.
At the rate its going (or not going )Signed deals
You will have no new investors and all of us shareholders (we all old now ) will be dead and then quadrise staff will not beable to milk the golden calf any more
just adaft thought lol
Yes certain activities were to be completed no later than June 30th according to their RNS. This doesn't mean to say it will require an RNS as they have already stated in the RNS it will be done no later than the 30th June.
Have there ever been any deadlines? I'm searching RNSs etc and can't find any mention.
Ah, the pond life have arrived, or should I say changed to another handle. I’m sure Skeleton is a worried investor, not.
Just both of the phase 1 activities prior to 30 June, then commercial terms for license and supply no later than October.
I think it's safe to say deadlines and QFI should not be used in the same sentence.
Was there a 30th of June deadline relating to Utah? Seem to remember? How critical is this? Will we hear either way or will silence tell us it has not been met?