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So what does this really mean?
Quadrise Plc (AIM: QED), the supplier of innovative energy solutions for a cleaner planet, provides an update on its project with MSC Shipmanagement Limited of Cyprus ("MSC").
The Company previously announced on 18 March 2024 that entry of a binding agreement between Quadrise, MSC and Cargill in respect of the production of MSAR® and bioMSAR™ fuels for the Company's forthcoming vessel trials on board the MSC Leandra (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.
Commenting on the update, Jason Miles, Chief Executive Officer of Quadrise, said:
"Continued efforts in respect of our project mean that we do not expect any material delay to the overall MSC vessel trial programme at this time. We remain in regular contact with our project stakeholders and Quadrise is focused on the delivery of the Project Agreement as soon as possible."
Zero chance illuminate owns shares in Quadrise.
We all want the same thing . To know when the glorious profitable Quadrise era was ? Also what colour is the sky on your planet ?
I think illuminate is AI.
'Anyway we all want the same thing to return QED back to the days of before where the company generated healthy profits and shareholder returns! We will get there!'
Illuminate when did Quadrise generate healthy profits ?
"there are serious problems with QED and JM's communication skills"
Although they've certainly improved. Though from a very poor start.
@OneAussie Apologies that was not fair.. you are probably a long term shareholder and I can totally understand if your average price is not in profit it can be frustrating. I am a newer shareholder and am overall up on my QED stock so I shouldn't judge!
Anyway we all want the same thing to return QED back to the days of before where the company generated healthy profits and shareholder returns! We will get there!
@OneAussie You sound like a shorter to me..
About 5 months since we were informed that the marine deal should be signed. Surely can't be much longer now. Maybe this is the week?!!!
I think he’s stopped cheque/brian/haggis/ whoever else.
I think he’s taking the P155 tbh
Illuminate33,
You certainly are very naive... stick around for 12-13 years (like many of us) and you will see things differently.
You need to momentarily remove your rose-tinted glasses and realize there are serious problems with QED and JM's communication skills.
Aussie.
Illuminate ....you plainly haven't been invested here very long .....
Yes 46G. All going well with the trials if they first target 75 ships it will be wonderful.
Hotfinance 14
Ubelievable numbers
Sad day when you can’t post anything original “illuminate”, copy and paste old posts…..
*Jason Miles Appreciation Post
Looking at the horizon we are looking at the last days to be able to buy this sub 10p a share..
I would also like to take this opportunity to thank the man at the helm, JM, for steering us towards some huge deals.
Payday for me next week and at least 50% of it wil be going into QED! We are getting close to the pay off! Thanks again Jason, beers on me when this sky rockets!
Exhibit 9: Possible financial implications for Quadrise from different MSAR adoption
scenarios
Power market
Number of MSAR manufacturing units 8 40 80 200
Production capacity (HFO equivalents mtpa) 1.9 9.3 18.6 46.6
% global HFO market* 0.5% 2.3% 4.6% 11.6%
Revenues – licence model ($m) 63.3 316.7 633.4 1,583.6
EBITDA – licence model ($m) 15.9 79.4 158.8 397.1
Revenues – tolling model ($m) 122.1 610.6 1,221.1 3,052.9
EBITDA – tolling model ($m) 41.2 205.8 411.6 1,029.1
Capex – tolling model ($m) (53.5) (267.5) (535.0) (1,337.5)
Revenues – merchant model ($m) 419.2 2,095.9 4,191.8 10,479.4
EBITDA – merchant model ($m) 64.8 323.9 647.8 1,619.4
Capex – merchant model ($m) (68.1) (340.5) (681.0) (1,702.5)
Marine market
Number of vessels using MSAR 75 375 750 1,875
% global fleet 1.3% 6.3% 12.6% 31.5%
Revenues – licence model ($m) 99.7 498.6 997.1 2,492.8
EBITDA – licence model ($m) 17.1 85.5 171.0 427.5
Revenues – tolling model ($m) 153.2 766.1 1,532.1 3,830.3
EBITDA – tolling model ($m) 37.1 185.5 371.1 927.7
Capex – tolling model ($m) (53.5) (267.5) (535.0) (1,337.5)
Revenues – merchant model ($m) 419.2 2,095.9 4,191.8 10,479.4
EBITDA – merchant model ($m) 29.6 148.1 296.2 740.6
Capex – merchant model ($m) (68.1) (340.5) (681.0) (1,702.5)
Is there a link ? I read the recent Edison report https://www.edisongroup.com/research/funding-the-gap-to-commercial-revenues/33391/ that i could find and couldn’t see any forecast figures .
Looking at the horizon we are looking at the last days to be able to buy this sub 10p a share..
I would also like to take this opportunity to thank the man at the helm, JM, for steering us towards some huge deals.
Payday for me next week and at least 50% of it wil be going into QED! We are getting close to the pay off! Thanks again Jason, beers on me when this sky rockets!
46G...If you look at the Edison report there are some forecast figures.
Serious question.
In 2 years should the trial go well and MSC rolls Msar out across its fleet and competitor follow
What could Quadrise's revenues be any guess anyone?
"Companies worth about £100 billion are on the way out of the London Stock Exchange so far this year, either by being bought up or via moving the main home for their shares overseas, and experts fear there is much more to come."
"Research by the Evening Standard and investment bank Peel Hunt shows that companies worth over £26 billion have already agreed to be sold in 2024, to other listed firms or private equity."
https://www.linkedin.com/posts/peel-hunt_crisis-time-the-london-stock-exchanges-activity-7189633773209042946-TZZ8
It would not surprise me to see this very soon, as they have had a lonnnnnnnnnnng time to discuss it.
22 November 2023
"Quadrise is now pleased to announce that the industrial demonstration test of MSAR® and bioMSAR? fuels at the client's site in Morocco (the "Trial") has been successfully completed"
"Emissions from MSAR® and bioMSAR? combustion were very low, and well within environmental limits for the site. This was the first demonstration of bioMSAR? in an industrial application. Quadrise is now preparing a technical report to submit to the client within the next month."
"The parties will now enter into discussions for long-term commercial supply, in conjunction with reaching agreement for testing at the client's other sites to expand supply opportunities for MSAR® and bioMSAR? fuels. In parallel, the Company will continue work to ensure the supply of appropriately located and priced residual feedstock."
18 March 2024
Morocco:
"The parties are now negotiating a long-term commercial supply with a view to signing an agreement by mid-2024."
"In parallel, Quadrise completed a technical and economic feasibility study for an additional paid-for industrial demonstration test at a second site of the same client ("Site A") as part of efforts to expand commercial applications for MSAR® and bioMSAR? fuels."
"Quadrise submitted a technical report on the test results to the client and the parties have commenced discussions on long-term commercial supply, aiming to sign a fuel supply agreement in H1 2024."