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So would I
Absolutely no problem. I was promised communication, not progress.
So you would like an update saying there has been no progress ?
The update on Morocco will be we don't have access to the site and we don't know when this will be.
Update re Morocco and Greenfield Energy Projects was early Feb and 1 April Greenfields negative update following Tomco's RNS...
Jan was the last update on MSC....
I don't mind if any of these projects have been delayed ….Just don't like the silence...Leads to uncertainty...Think we have been here before
Sadly don't think the price will be going up. QFI will stay at these low levels until we start having some positive news.
Don't want to be negative but beginning to get frustrated with the lack of any update. Very positive at the beginning of the year when they wanted to raise money but everything seems to be drifting leaving us all doing guess work which is why the SP will drift slowly down
I believe Bergen are out or very nearly out but it looks like someone else is unloading a large position, possibly one of the recent placees, could be finished soon or a bit longer. After that hopefully we will get the price going up...
Fanastic now we will see the S/P going up now I only hope.
They have no more conversions. They converted the last half million on may 4th. If they have any shares left from the last 18 million it will be minuscule by now. That’s the nature of their business
Hi Jackg123 interesting post how do you know Bergen are now fully out of the picture? please enlighen us please.
Nice summary TechyRob, thanks, just to add that Bergen are now out of the picture and we’re fully funded
They are obligated to immediately release any market sensitive information - thereby any negative news or significant project issues they would have to publicise. The fact we’re getting to the end of June and haven’t heard anything isn’t a bad thing - it’s not a good thing either - it just means we’ve not hit any milestones or had any market sensitive news yet. What we do know;
- Utah confirmed this week to be proceeding as planned, albeit delayed. Timeline led entirely by greenfield.
- MSC progressing positively and RNS will be released once a significant milestone is completed (as per numerous IR reply’s)
- Morocco waiting to get on site, will likely get an update imminently in an end June / H1 update. (Remember we’ve already produced the fuel here from Scandinavia so we’re largely ready to go).
- BioMSAR results due any time. Hard to believe this isn’t somehow linked to the MSC announcement as this probably feeds into their trial plans and roadmap.
All in all - silence is frustrating but it’s part of the QFI game unfortunately. Everyone thought the silence at the start of this year meant the unknown shipping deal had fallen apart and then bang - MSC announcement and our sentiment turns on a sixpence. There’s no reason to think the same thing won’t happen on the coming days / weeks. Nothing has changed since we were 6.5p, except we’re closer to delivery.