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Hi All,
I posted about this on The Quadrise Shareholders' Forum earlier, but I thought it might be interesting to quickly cross-post.
A second well from the Heavy Sweet Oil's (HSO) pilot project was finally approved by DOGM on 6th May — HSO 8-4
HSO 2-4, as I posted a little while ago, was formally permitted on 18th April.
Hopefully the remaining 2 wells from the pilot project are just a matter of time.
(NB: beware confusing US mm/dd/yyyy date formats when looking up any data).
I hope you’re right
Some are going through muddy waters with their posts .they would be better of reading a book or doing a crossword.
" I imagine the SP would re-rate pretty quickly on such an announcement"
Yes that makes sense.
"Who would not be happy with that as an outcome"
The incumbent fuel supplier
This is our number one barrier to entry in a competitive environment. I suspect it was the reason for the demise of the KSA project, and could also be causing delays in Morocco. It's why I like the Utah projects so much. We're not having to oust an existing supplier. If it does what it says on the tin, then we should be able to bring that to market very quickly
Fyoz....Who would not be happy with that as an outcome....15 years and waiting
"What is the specific definition or examples of this?"
I'm thinking along the lines of:-
Following the successful completion of the LONO trials, MSC have signed a binding agreement to have 50 of their class XYZ ships converted to utilise Quadrise's Bio MSAR fuel. The fuel will be produced and supplied by blah blah. Quadrise will receive a royalty payment of $XX per tonne of fuel produced. MSC have also secured an option for a further 150 ships on the same terms etc ad nauseum . . .
Or something along those lines. I imagine the SP would re-rate pretty quickly on such an announcement, before a single penny of revenue is received
Yep. Also someone must bought have those shares now or have they vanished into thin air?
"They have probably just got fed up"
Or they really needed the money and had no choice. That definitely happens.
"Once we have a 'visible route' to revenue "
What is the specific definition or examples of this?
The issue we have Jason has now for approx 2 years implied the trail will happen in 6 months next quarter maybe in March. Lawyers having a holiday. Each time we think its about to happen but sadly never does . The last RNS told us nothing.
We all see huge upside however if Jason and the team cant get these projects over the line we will never see a penny.
to date there record is very poor and with this in mind you will see from time to time shareholders selling. I cant blame them
Its true we have no idea why someone would decide to sell nearly £100k of shares at this time. They have probably just got fed up with the wait and the lack of contract news and decided an investment in another stock may offer quicker returns.
That said I would feel a whole lot better if it had been a £100k purchase, and you can be sure there would have been multiple posts on this board saying how positive that was.
"No it’s not. It would take commercial revenues to entice serious traders and investors "
Can't agree with that. Once we have a 'visible route' to revenue the buying will increase dramatically. Some more positive RNS's might prompt the 'fence sitters' to get in a bit earlier
Could you provide the post that supports your statement, unless it was you who sold? Investors sell parts or entire portions of their investments for various reasons, not solely due to a pessimistic view of their investment's progress.
According to the person that dumped 7.163 million shares yesterday evening it is not a time to buy....
No it’s not. It would take commercial revenues to entice serious traders and investors . Until then it’s just us minnow .
Send that and this to JM. I would have thought he would have seen QED news on the many shipping news websites, but you never know.
https://www.linkedin.com/in/jeremy-nixon-7895965/?originalSubdomain=sg
You said that last year, assume your “imminent” is the same as QED?
That is the question...
But I think we all know.. the answer is.. buy! 10p imminent!
GLA
The deal is either signed and LONO takes place, or it doesn’t. There’s no in between. Given where we are, is it more likely to be signed and proceed or fail at the last step? These counter parties have been involved in this process for a while, they’d have to want to do it to get this far. So it’s much more likely it will be signed than not, though nothing is ever guaranteed, I’m confident it will happen and we can all move on to the next panic moment!!
Here is the link to the CNBC interview:
https://www.cnbc.com/video/2024/05/07/ocean-network-express-discusses-its-decarbonization-plans.html.
Fyoz I agree for the most part, but I think more recently the disconnect is down to the sheer volume of missed targets. You can only cry wolf so often before the shepherd stops listening. Two lots of share dilution won’t have helped either.
Once again I’d clarify that I truly believe they have a great world beating product, but the management of it, marketing and notifying, has been somewhat lacking. Yet I still remain wildly optimistic
Just watched an interview with the CEO of ONE on CNBC banging on about the need to de-carbonize the shipping industry. Sadly no mention of QED but somebody should be talking to them!
He was talking about the need to order new ships with new engine types, new green fuels from 2027, 40 day transits means no electrical option. Said they have been "squeezing everything they can out of fuel oil but are at the end of the runway for that" and have to remove fuel oil from the equation. New ships using green ethanol or bio-gas and perhaps green ammonia. Requires completely new systems, designs etc.
Come on Jason, pick up the phone and school this individual.
"One more for the road......"
I'm sure you can find even more if you really try 🙄