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If on the 18th March they expected an agreement by end of the first quarter that is some 2weeks away! What went wrong or what on earth did they think they were doing making an announcement which was in effect not true or they could not guarantee.
Well having put the cap round they had to say something!
Long term investors have heard this time and time again have we fallen for it again?
I don't actually think the SP will suffer today as most had excepted there was a delay and this confirms it. Also its saying the deal is still on which is a whole lot better than the alternative.
Could do with some more immediate progress on other front now.
Some Morocco news could save us for now...
This is also outstanding for a while now...
'I don't actually think the SP will suffer today as most had excepted there was a delay and this confirms it.'
Barking...Which poart of the RNS confirms there is a delay ?
The "Project Agreement") was expected by the end of Q1 2024. Quadrise continues to work with its project partners to seek to finalise the Project Agreement and will provide a further update upon the project and entry of the Project Agreement in due course.
I thought you wre referring to the start of the trial when you mentioned a delay. The Msc Fuel agreement was a guaranteed delay as this is what JM is good at.
Easy to spot the traders today from the LTH and even frustrated LTHs. Lots of new posters popping up!
In my years of following a few companies I don’t think I’ve seen any other company fail to meet so many deadlines / targets / assurances. This isn’t a failure of Quadrise, but an abject failure of senior management in not recognizing the fiscal and reputations damage with each new failure. I’m doing so they have inevitably affected the SP and had to beg for more cash, thus diluting the (hopeful) return. I think it would be hard to find an outfit that promises so much and delivers so little
In my years of following companies, I don't think I've seen a CEO who talks out of his ars as much as JM
"I think it would be hard to find an outfit that promises so much and delivers so little"
You haven't been investing on AIM long have you.
JM said they are in regular contact with the project stakeholders. I would hope they mean daily by this as surely at this stage of the project agreement you would like to think they are pretty much on it full time.
Asimpleinvestor - no, not really, only 13 years so a veritable new starter. Thank goodness I have experts like you to highlight the error of my ways eh? 😏
Hardly earth-shattering news and I wonder why they felt the need to RNS it as there have been many, many other project delays over the years where we have had to sit in the news vacuum for months.
I now expect the usual apologists saying "complain when there's no updates, then complain when we get one".
Apart from what looks like one seller running for the hills, this has not caused a frenzy of trading and the SP remains relatively unscathed.
"In my years of following companies, I don't think I've seen a CEO who talks out of his ars as much as JM"
@U01BY Jason is doing a fantastic job and is leading us in the right direction. If you're not happy feel free to sell and take your negativity elsewhere
Yep interestingly only one seller really otherwise no change. Maybe the worst tree shake ever which at least shows us some good loyal shareholders holding firm. Wouldn't even surprise me if the SP returned back to where it was when people realise they may miss out again!
The SP could easily rebound as effectively the RNS told us nothing we already knew, i.e. the Q1 target for agreement signing has been missed, duuuh!
"Yep interestingly only one seller really otherwise no change."
I think there has been a more than one seller selling otherwise it wouldn't have dropped at all. As it is I planned to buy a few today any way and it allowed me to buy a few more for less than I anticipated so I'm happy. I don't anybody expected plans to run to schedule, they haven't any other time.
"I think there has been a more than one seller selling otherwise it wouldn't have dropped at all."
This is obviously not true. If I decide to sell 15M shares (I wish), watch it fall through the floor. That said, there have been many trades today, but the price hasn't moved much.
“Illuminate”, is your name Jason by any chance?
"This is obviously not true. If I decide to sell 15M shares (I wish), watch it fall through the floor."
Clearly, there hasn't been a 15 million sell today; thus, when examining trades and volume, one can make an educated guess. By the way, volume only reached 10 million today, so a 15 million sell would be implausible. Let's stay grounded in reality, shall we?
Today just feels like a sucker punch to be honest, they raised the money after some great updates and optimism only to then give us this. If anything, is was not worthy of an RNS, silence wouldve been much better
Silence . Everyone moans . Update . Everyone moans .
@whiskeyman “Illuminate”, is your name Jason by any chance?"
The fact is I am just someone who is a fan of Jason's leadership and ability to get things done. We are getting closer than ever and in my opinion todays temporary SP drop is the perfect opportunity to top up more!
These days of sub 2p or even sub 10p won't last long! Good luck all!
I do wonder if they were advised by someone they need to release an update considering they have missed their own target by 5 months. And especially the fact they missed their most recent target again. Wouldn't surprise if it's all a meaningless and they get the agreement sorted in the next couple of weeks.