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On 23rd Feb we were told :
As a result, the Company is now finalising the trial schedule with the client and anticipates fuel trials to commence prior to the end of Q1 2023.
I think there will be a lot of disappointed holders if the trial has not started yet. Personally I am confident it has started and that the assay results will be announed soon.
Assay…”the testing of a metal or ore to determine its ingredients and quality.
"submission of plate for assay"
Are we making fuel or drilling for metal ore? Just wondering.
That too, but we’re not expecting crude oil assay results from Morocco unless we’re drilling for oil.
"I think there will be a lot of disappointed holders if the trial has not started yet. Personally I am confident it has started and that the assay results will be announced soon."
If the trial has started I would assume there would be a gap fo several months between the end of the trial and the results announcement. Trawling through data to completion doesn't tend to be an instant process.
Morocco trials are very simple, I seriously doubt it will take months of data trawling. How many dollars of fuel were required to get the product to required dryness; was the equipment undamaged, and were all operational and logistical aspects conducted successfully.
I personally expect that commercial negotiations with customer and supplier will undoubtedly take a good while. Some have speculated that this might be shortcut somewhat by having the same supplier for MSC and OCP, but I guess it's too early to know how likely that option is.
Will be interesting to see what they have to say for themselves tomorrow (or shortly thereafter).
"That too, but we’re not expecting crude oil assay results from Morocco unless we’re drilling for oil."
True. These so-called trials in Morocco are barely anything. Certainly it isn't a deal that hinges on whether MSAR works there. It works. The deal hinges on something else, probably various politics and decision making trees that I'm not aware of.
"Some have speculated that this might be shortcut somewhat by having the same supplier for MSC and OCP"
MSC made an announcement recently, I'll see if I can find it, that included what I saw as a very pointed statement about bunkering requirements which I read that there is no supplier as yet and there needs to be. However I don't think a supplier is a hurdle there. If MSC says "we need to buy this product and it needs to be available in these quantities and in these locations", oil majors will be queuing up. It's literally what they're there for.