The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Pretty certain they would change their lawyers if they really didn't think they were pulling their finger out
Yes indeed it may appear to be lawyers holding this up but they are paid by the interested parties! If the potential buyers of our products were that keen surely they’d chuck more money into more lawyers and shout at them ‘time is money’!?
"there seems no urgency by any of the groups we are dealing with to grab the golden chalice" is a baseless accusation.
The agreements are not with the groups we are dealing with, the agreements are with the lawyers because the groups we are dealing with want to sign those agreements, it is only the lawyers thrashing out the agreements that's holding it up, not any lack of will to sign by the counter parties.
RNS 6th Feb stated our contract is with Cargill NV who are based in Belgium:
Cargill NV is located at Bedrijvenlaan 7 9 2800, Mechelen Belgium. What is Cargill NV's industry? Cargill NV is in the industry of Grain and Oilseed Milling.
Close to MAC2 hq also 😊
I agree. Despite the wonders of our products , economic, climate wise and socially responsible there seems no urgency by any of the groups we are dealing with to grab the golden chalice. Despite the fact we are saying it works we continue to be having to test rest and test again on a slow boat to China!!
I'm not holding my breath. Wouldn't surprise me one bit if agreements still not signed by end May. The "lawyers" excuse is simply that, an excuse. If these giants were seriously prioritising the trials, they would have started by now.
Sincerely hope to be proved wrong but cynicism has proved to be the correct approach when considering QED timelines.
Fyoz:
"Cargill are based in Minnesota USA, and they are the big dogs in this set-up"
right:
Cargill has been active in Switzerland since 1956 and employs approximately 350 people at its headquarters in Geneva. Cargill in Switzerland is a critical location for Cargill with the global trading for grains and oilseeds managed out of Geneva. It also serves as our global headquarters for freight trading and shipping operations
Shipping is in CH
I think that now H1 has been given as guidance for signatures its almost certainly going to be nearer June than April. Every single timeline QED have ever given us has been either late on or missed completely.
Not saying I'm expecting anything this weekend, it'll get here when it gets here, but it is the sign off date QED advised, not the date of the RNS that follows it.
Also, there are three agreements to sign off are there not? So do QED announce when each one is signed off, giving us three RNS, or once all three are signed off, giving us one RNS?
It is only material as far as the disclosure rules go once all three are signed off, as trials can only progress once all three are signed off.
QED could at their discretion release an RNS for each one to show they are stepping closer, as a way to boost the OO uptake.
So if QED take option one then two of the agreements could already be signed off, just waiting on the third and final one.
QED still have an option to announce one or two signed off if that has already happened, that's up to them if they want to squeeze in last minute news this quarter.
" in Geneva it is a bank holiday also tomorrow (both MSC and Cargill are based there)"
Cargill are based in Minnesota USA, and they are the big dogs in this set-up
"How does that help when the UK and Switzerland both have easter bank holidays ? "
Most of us live in a digital world now
Obviously a positive outlook doesn't suit your current trading position?
Agree Blackwash and an rns after the Easter break would have more impact imo
Those fancy Geneva lawyers are already in their big SUV en route to their fancy chalet in the mountains :-)
I agree with Blackwash, anything in April will all make us happy anyway... it is not a matter of If, but When ;-)
'And they'd be correct. Tomorrow is a working day in the US'
How does that help when the UK and Switzerland both have easter bank holidays ? It's like telling a local football team we have a game tomorrow but only one team is turning up.
I would add that from the IMC call I had no expectation of any RNS confirming signatures this month. They may well be physically signed today, but that would still not result in an RNS until next week.
If the RNS happens in April will be satisfied this is moving ahead line with the companies recent guidelines.
Yeah but what would be the point of issuing an RNS on a closed market...
and... in Geneva it is a bank holiday also tomorrow (both MSC and Cargill are based there)
"I am sure that some in this chat will say that Q1 doesn't end before Sunday evening though :-)...."
And they'd be correct. Tomorrow is a working day in the US
I am sure that some in this chat will say that Q1 doesn't end before Sunday evening though :-)....
It should be considered 'shocking' unfortunately it's what is now expected.
I find it shocking that the open offer document states Q1 and the Edison report H124 when the BOD are involved in both documents. Does note bode well for those still considering the open offer take up.
Https://www.edisongroup.com/re...p-to-commercial-revenues/33391
Edison Group research report added on linked in.
I note it states ref the MSC/ Cargill contracts :
On 6 February 2024, Quadrise announced a collaboration agreement with Cargill and MAC2 (part of Group Machiels) regarding the production of MSAR and bioMSAR fuels for the company’s forthcoming vessel trials on board the MSC Leandra. Management expects the binding agreement to be signed by H124, along with binding agreements for toll manufacture and fuel supply in the same period.
Slippage from the IMC "hopes " to complete these in Q124...
Regardless of this is still a strong buy IMHO.