The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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A lot of buying pressure this afternoon. Now part funding in the bank the future is looking positive 👍
Quite the U-turn from the guy who said an open offer was a waste of time, we had our chance last time, tough luck etc! Another shameless manipulator.
Good post Blackwash. I concur on funding the company. QED has the cash for the three core projects, the right thing to do is give them the cash to do the other things as those can add a lot of value to the company this year, despite not being required by the 3 core projects this year.
The #1 we should back them to the hilt with is the bioMSAR development, as the Net Zero version is the Holy Grail of marine fuels, and the quicker we have it the quicker QED goes like Space X.
"The net proceeds of the Open Offer are expected to provide Quadrise with the resources to progress opportunities in Central America and Southeast Asia, thereby creating a presence in the marine bunkering hubs of Panama and Singapore, enable progress with bioMSAR development and provide a clear pathway to profitability."
Good post Blackwash, well said sir! Onwards and upwards :)
Given his lack of delivery and total inability to stick to any announced timesales, JM should be ashamed to extract his £360K/an package from shareholders ......
JM and co gave some very strong hints in the QED visit that there would be a fundraising, and that QED were an equity company (suggesting that they would use equity fundraising routes), and further that they would endeavor to protect the interests of long term holders (which suggested an OO would accompany any private placement). All of that was intimated in the report that was compiled by DoN and issued following the visit. Any investors that took that on board and sold some shares in anticipation of the pending fundraising would be well placed now to participate and assist the company in reaching the advised £2.5m targeted through the placing and the open offer.
The general concensus I have seen from both the positive and negative posters across all chat boards has been that funding needs to be resolved ASAP as it was seen as a major handbrake on share price appreciation.
Successfully get the funding done and that handbrake is no longer there on any pending positive news releases on project advancement.
Agreed, some of the timelines appear to have again slipped, but that was again clearly identified as possible in the information provided at the QED visit. They are dealing with very large companies who will determine the timelines.
However, once funded, the share price slippage should be behind us as we get the long awaited news flow, in particular on the outstanding MSC trial contracts.
What I am surprised at on the back of the above, is the amount of negative sentiment posted. The company are damned if they do or damned if they don't. Yes, ideally they could have announced further positive news of actual progress on one or more of the projects prior to announcing the fund raise, but that is unfortunately out of their hands in each instance.
I firmly believe now is not the time to be faint hearted or short sighted, and to support the company in reaching commercial agreements over the next year.
To not back this OO just seems like throwing away the potential opportunity and also putting my larger investment in the company at more risk.
Am I wearing rose tinted glasses? Possibly. But I believe in the product and I have to take the recent announcements on the MSC trial and pending contracts to be finalised at face value. Not prepared to remove my support from the company now just to prove a pedantic point that I'm upset about missed target dates. They are target dates, and by now we all are aware that this industry moves glacially.
With Cargill and Euthania on board I believe the next 3-6 months should be transformative for the company.
H1 looks very busy on the future new front
MSC
Now-Q2 Trial agreement Quadrise, MSC & Cargill
Q2 Install MMU MAC2 terminal in readiness of permits
Q3 POC upto 2 month
Q3-4 4000 hours of operation for LONO from Wartila
Approx completion Feb-April 2025
bioMSAR & bioMSAR Zero
Now – ongoing Lab test followed by engine testing in marine vessel
Morocco
Now - July ongoing Negotiating commercial supply
Ongoing Site A industrial demo
Utah
H1 Financing agreed
H2 end user trials should result in commercial supply
Central America
H1 agreement being finalized
H2 testing of MSAR & bioMSAR
Singapore
Opportunities for bunkering
Plebian binman Fyoz, you are hereby put on notice!
Lord Vince demands you stop impeding his Lordship's freedom of speech by expressing disagreement with his Lordship's pronouncements!
Know your place (far beneath Lord Vince).
To be fair, like many others, I was hoping for good news on the back of them raising cash but this funding issue is what's been keeping the SP down, so at least get it out the way now and then good news afterwards might work more in our favour, especially as it give an opportunity to buy more cheap shares. We all knew it was the elephant in the room at the most recent AGM. Progress has been made on all fronts but we were all hoping for the MSC trial agreement in full! Now the Board must deliver and work their socks off to progress us on all key projects. Nice to see the BoD staking more this time round but for the love of god, get a move on and start delivering for Shareholders. There's a massive shift in environmental agenda globally so now's the time to capitalise! Pull up your socks and deliver!
Blackwash - just want to endorse your post. Very easy round of funding that stabilises the ship (forgive the pun) . There are a lot of irons in the fire and now we have the extra time and resources to see them come to fruition. Not ramping just underlining the real positives.
Last year's SP evolution was a bit different after the placing RNS..
First our outgoing position was 1.9p and not 1.49, it dropped to 1.2 immediately after the placement RNS on July 7th, but it remained pretty stable for over a month until it dipped further on Aug 18th due to the Morocco pump fiasco then even more on Aug 24th, when we learned that the Valkor Money wouldn't come in.. this was then followed with a lack of progress in Morocco to reach an all time low of 0.66p on Oct. 12th...
What I am trying to say here is that as long as we get positive news, like a tripartite announcement end of this month, the SP shouldn't suffer as much and the OO might even be a good deal...
Now if we don't get any positive news, it might go otherwise...
Blackwash 100% agree
Moving forward everything now looks good, please with the update yesterday as well.
As suggested have bought back all the share sold plus an additional c2m
Now sitting back and waiting for further RNS's with good news.
Now the funding has happened I think MSC will move forward with a little more speed
"now who posts on here who has said those exact same words. chequeturd. chuck in sjs2019 and fyoz and the bin men have their work cut out."
if you care to look properly vince, i suggested a rights issue, which would have been structured in a similar way to the latest open offer. still, don't let a small thing like accuracy spoil a perfectly good ****ging off of those that disagree with you
'Aggismchaggis19 Mar '24 - 07:47 - 2350 of 2353
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I've always maintained that QED could easily raise the cash it needed via a quick placing and had no need to do an open offer after the last one was under subscribed.
Now who posts on here who has said those exact same words. ChequeTurd. Chuck in SJS2019 and Fyoz and the bin men have their work cut out.'
Morning Vince, great post.....warmly received by everyone.
Big up all the hard working bin men out there.
The notable part of the OO IRS to me is they are only offering 1/19 shares held in the OO. Its an offering, as requested by the shareholders at the QED visit, but suggests to me they were under pressure to offer more to the iis.
As was stated any OO shared that are not taken up will be offered to the iis. This MAY well suggest that the placement was over subscribed, and any untalented OO shares will be snapped up.
I'm unconcerned about the negative talk on this assumption. On LSE you would think the company just announced a liquidation.
The position the company are now in with their recently announced partners (Cargill and Euthenia), plus the successfull trial in Morocco ( yes, with reservations) is a lot further down the road than at the last raising.
Very positive about the current situation. Get this funding done and keep the process going over the next 6-12 months.
‘Good lord he can't even work out how to use his calculator.It's double 3% you utter waste of space.’
Just testing you hottie and thanks for your first accurate post!
Aggismchaggis19 Mar '24 - 07:47 - 2350 of 2353
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I've always maintained that QED could easily raise the cash it needed via a quick placing and had no need to do an open offer after the last one was under subscribed.
Now who posts on here who has said those exact same words. ChequeTurd. Chuck in SJS2019 and Fyoz and the bin men have their work cut out.
'Currently 1.18p to buy or sell. Hardly significantly below 1.25p (about 3%). Keep up the good posts hottie'
Good lord he can't even work out how to use his calculator.It's double 3% you utter waste of space.
Sorry! Thanks @Si_Derman
'Crownos...open offers often drop just below the offer price but this was at 1.15p which is signicantly below 1.25p.SP currently down 22%.Let's hope it rises to around 1.25p during the day.'
Currently 1.18p to buy or sell. Hardly significantly below 1.25p (about 3%). Keep up the good posts hottie
Crownos...open offers often drop just below the offer price but this was at 1.15p which is signicantly below 1.25p.SP currently down 22%.Let's hope it rises to around 1.25p during the day.
Currently 1.18p to buy or sell. Hardly significantly below 1.25p (about 3%). Keep up the good posts hottie
SJS, any chance you can use quotation marks when using other peoples words. Some people may have other posters on filter and not get the references you are using. You are are coming across as either confused or a schizophrenic.
Just sayin' :)
Whatever SR, I just find his oh I just brought a load cos I have a hunch and then suddenly to sell a load at a lost, twice to be just full of BS.Therefore even if he writes some good posts he can still be full of BS.
You can currently buy at a lower price than the 1.25p offer price. This happened at the last open offer.
Hottie’s running commentary. You’re making yourself look foolish now even by your standards!
Crownos...open offers often drop just below the offer price but this was at 1.15p which is signicantly below 1.25p.SP currently down 22%.Let's hope it rises to around 1.25p during the day.
"You can currently buy at a lower price than the 1.25p offer price.
Hourly updates please Hot Trader