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Having read the transcript and looking at the bare facts presented therein, there seem to be multiple positive fronts to the business plan, several in final stages.
From the transcript:
"In parallel, there’s some further work going on in Q2 that covers testing of bioMSAR, further formulations of that including a net zero project at Aquafuel and accelerating the possibilities of commercial rollout of bioMSAR Zero as well. We’re looking at other applications potentially to fast track that particular rollout of basically a B100 which is a 100% biofuel product as well."
Working link!!
https://shorturl.at/loqHJ
quadrise plc ceo on valkor project update and decarbonising the shipping industry (lon:qed)
april 30, 2024
https://www.***************************/quadrise-plc-ceo-on-valkor-project-update-and-decarbonising-the-shipping-industry-lonqed/4121154133
I doubt JM is that good an actor to play act. Normally looks awkward but recently looking far far more confident in uis interviews. There is plenty of news due over the next month to hopefully keep them busy.
"Maybe try reading about some success stories, like James Dyson, who 'failed' for 13 years before getting it right, and is now worth $13.2b"
Or Steve Jobs who was booted from Apple before returning years later and making it the world's most valuable company.
'If you start to think of it along those lines, you'll realise we're almost a 'start up', and the fact we're signing contracts with multi billion dollar partners, should be applauded not continually derided. '
A wise man would say ony applaud if these contracts are actually signed and not before.
"But a number of articles I've read on businesses that are failing or have failed"
Maybe try reading about some success stories, like James Dyson, who 'failed' for 13 years before getting it right, and is now worth $13.2b
You can’t deny the reality of the past, it’s there for all to see and many have experienced it. QED have promised much but have yet to deliver. They have survived on repetitive fund raises, all facts.
If they hadn’t pivoted to biomsar we’d be dead in the water by now, of that I’m certain. As someone posted earlier, QED is like a new start now, in the ESG sector not the dirty fossil fuels sector we were before.
That’s what’s keeps me invested, the hope they make the breakthrough despite their previous failures. It’s always a risk with AIM and QED is still a risky investment, but the risk to reward ratio is exceptional.
Get these agreements signed and the landscape changes overnight, that simple.
Your not going to wade in too much anymore but before that i'll just wade in with another negative post. Thanks Vince
Not gonna wade in too much anymore, as I'm pretty much done with QED now, consciously decoupled from it all.
But a number of articles I've read on businesses that are failing or have failed have 3 common factors
1) Multiple fund raises
2) Projects never delivered on time....deadlines always shifting
3)Over promising....under delivery.
QED is guilty of all these, as I see it that RNS is telling you that there are months ahead of negotiations still to be had on all fronts, whether MSC or Morocco.
As I said a week or so back, they've got the money...now back to normal buisness.
Stockcheck: Quote ." REAL investors look to the future not the past"
Confucius: Quote. " Study the past if you would define the future"
i.e those who do not learn from the past are doomed to repeat it.
That is as it may be.... but it doesn't get away from the more than a decade of hollow words, broken promises and endless fund raises.... which have so far only achieved keeping Jason in the style to which he has become fully accustomed... and at present the form book tells the same story...
VERY WELL SAID Fyoz
Fyoz could not agree more well said
The '13 years and still waiting' brigade make me laugh. If you've really been around for that long, you'd know that this incarnation of the company is no longer QFI. QFI were peddling a cleaner version of a dirty fuel. QED are offering a much greener solution, and soon to be offering a 'net Zero' option. If you start to think of it along those lines, you'll realise we're almost a 'start up', and the fact we're signing contracts with multi billion dollar partners, should be applauded not continually derided. Yes it's been along wait, I'm as frustrated as most here that we're still pre-commercial, but I'm backing QED and the BoD 100% to start converting these agreements and trials into revenue earning contracts. It's a cliche but I believe we've never been closer
The expectations of all being sorted "imminently" meaning ...."about to happen" could be misplaced when you look back over relevant communications, viz
6th FEB announce the tripartite signing of a COLLABORATION AGREEMENT which sets out who does/is responsible for what. Also states the FIRST of A NUMBER of OTHER Agreements required including a TOLL MANUFACTURING AGREEMENT between Cargill & QED.
18th MAR state, within Interim Results RNS, .... "Once further binding agreements (plural!!) are executed ...."
29th APR now references a PROJECT AGREEMENT (which was expected by end of Q1 2024).
So how far down the line is everything towards implementing "THE TRIALS", the inference being there is still a lot to be agreed/signed off at corporate level let alone clearing the legals, so are things as far advanced as one might have been led to believe or perceived to be the case i.e none of the other supposedly awaited Agreements (means at least another two) have yet been consummated/announced. Smoke and mirrors comes to mind.
One hopes yesterday's RNS wasn't a softening up update pending the "Dear John" letter. Meanwhile, under the illusion of all progressing nicely the BoD could have played a blinder and lined the company's pockets (and essentially their own salaries) for another 12 months of unfulfilled delivery. Let us hope the doubts prove to be unfounded.
AKHM
It is "dirt cheap" for a reason - the market has long since lost patience with the jam tomorrow story with elastic target dates that somehow are never reached.
People moaning (or fake moaning as many on here do regularly when they trade out some/all) make me laugh.
REAL investors look at the FUTURE not the past.
REAL investors BUY LOW and set themselves a price target, NOT a time limit.
Right now, QED is DIRT CHEAP with a paltry Market Cap of £26.82m.
EVERYONE here KNOWS what the Market Cap should be if MSC trials are successful.
The odds are way better than 50/50 or it would never have got this far.
Either take the gamble or do one, go invest in something you trust, something that does not affect your mental wellbeing, something you consider 'safe' and are happy with the BoD and their communication, that will leave others not having to read the daily whining.
The issue is that shareholders demanded regular updates on the progress of negotiations. Now that they are being informed, some are complaining about the pace not meeting their expectations, arguing they should not have been updated at all. It's quite ironic, isn't it?
The thing is here as all LTH know, the SP gets hammered on ny non-amazing news and then miniscule volume so as SR has said many times before once a tangible piece of news comes out i.e a commercial agreement or contract the volume will increase hugely and the price will move very swiftly. Think he said before but anything around these prices is irrelevant.
The SP indeed speaks volumes.. a BOD that managed to drive the SP from 40p down to 1p in ten years...
Ncikf
It's more than just communication with shareholders.
I and many others would agree with your summary points and yet QED have repeatedly failed to deliver a commercial contract over many years, hence the frustration and market concern - reflected in the SP that they ever will.
As a recent investor I looked at the facts behind QED. Concept = Proven, IP = Protected, Regulation = Increasing, Need for replacement engines = none, Infrastructure requirements = minor, competition = limited, discussions with major players = ongoing, potential market = huge, path to commercialisation = direct.
What's not to like?
A board of Directors who need to learn how to communicate with shareholders. I can put up with that.
"Overall it's a very exciting time for us! Let's use this time wisely to accumulate more shares at these bargain prices! GLA"
Yawn - a very tired and worn-out sentiment imo - I suspect the first poster who voiced this opinion is now long dead!
Anyone else remember ' The Hog'
Today's SP wont be cheap if Jason & co don't finalise a deal soon - just don't forget "Quadrise continues to work with its project partners to seek to finalise the Project Agreement" and have been doing so for as long as I can remember.
And yes Fyoz I am invested and also annoyed by the continuous failure to deliver anything but broken promises over very many years!