Member Info for 46Gillingham

AKHM 1 MMU $2.4m EBITDA which is appro £2m which is 66% of are running cost before growth

Noob34

" If you can point me to where Jason said two MMU’s required to reach cash neutral, that would be appreciated as I must have missed this."

Jason did say this more than once over the last few months.

Howevr its not rocket science the running cost of the company is currently £250,000 PM £3m PA if 1 MMU generates $2.4m clearly 2 units cover the annual running costs as structured today

"Each Multifuel Manufacturing Unit (MMU) operating at full capacity can generate sales of up to

250k Mt/year fuel oil equivalent of MSAR and/or bioMSAR interchangeably. Assuming Quadrise

acts solely as a technology licensor, each MMU could generate up to $16m in revenue and $2.4m

in EBITDA"

Copied fromEdison latest report

Hargreaves Landsdown 363,535,893 20.60%

Interactive Investor 263,725,091 14.94%

HSDL 168,113,079 9.53%

Barclays Smart Investor 94,259,496 5.34%

AJ Bell 86,224,612 4.89%

Ruudowen 62,839,261 3.56%

Updated from last post but £8,200,000 cash available for development this year

Current cash view for 2025 now

Valkor should contribute £1,391,129 which include 3 quarterly payments of $75k

Seastars £53,000

II placing guessing at total fees and costs 7.5% £4,162,500

Open offer same fees £1,850,000 assuming £2m raised

Approx £750,000 cash at QED

Which gives an inflow circ £8,200,000 Approx

Not sure if the £60,000+ from the director should also be added to this number?

Even so the healthiest cash position for a long time.

Lets hope this money is used wisely moving all project forward and pushing for growth

All partners/prospects should now be happy that QED have a stronger Balance Sheet

Quadrise Plc (AIM:QED), the supplier of innovative energy solutions for a cleaner planet, is pleased to announce that, further to the announcements made on 24 January 2025 regarding the proposed Retail Offer (the "Retail Offer Announcement") and the announcement made yesterday regarding the increased size of the Retail Offer to up to £2 million (the "Retail Offer Update Announcement"), the Retail Offer closed at 4.30 pm yesterday and was significantly oversubscribed.

The Retail Offer was oversubscribed and therefore allocations were made to existing shareholders, applying the principles of soft pre-emption. Existing Shareholders received 100 per cent. of their soft pre-emptive allowance when their order matched or exceeded their soft pre-emptive allowance. Given the level of demand, where the order was greater than the soft pre-emptive allowance shareholders received approximately c.0.35 per cent. of their additional demand1.

Accordingly a total of 217,666,666 new Ordinary Shares will be conditionally issued pursuant to the Placing, the Subscription and the Retail Offer, raising gross proceeds of approximately £6.53 million.

Completion of the Retail Offer is conditional upon, inter alia, completion of the Placing and the Subscription and the Placing Shares, Subscription Shares and the Retail Offer Shares being admitted to trading on AIM operated by the London Stock Exchange.

(1) Soft pre-emptive allowance calculation:

Existing shares X 12.334% (dilution from total new shares being issued) = soft pre-emptive allowance allocation shares.

Additional demand allocation share calculation:

(Total order shares - Soft pre-emptive allowance allocation shares) X approximately c.0.35%

Director/PDMR Retail Offer participation

As announced on 24 January 2025, certain Directors and PDMRs of the Company have subscribed for, in aggregate, 2,116,666 new Ordinary Shares pursuant to the Placing and Subscription.

The following PDMR of the Company has participated in the Retail Offer as follows:

Director/PDMR

Number of Existing Ordinary Shares

Number of Retail Offer Shares subscribed for

Number of Ordinary Shares held on Second Admission

David Scott

171,337

21,472

192,809

Current cash view for 2025 from April onwards

Valkor should contribute £1,391,129 which include 3 quarterly payments of $75k

Seastars £53,000

II placing guessing at total fees and costs 7.5% £4,162,500

Open offer same fees £1,850,000 assuming £2m raised

Approx £600,000 cash at QED

Which gives an inflow circ £8,056,629

Not sure if the £60,000+ from the director should also be added to this number?

Even so the healthiest cash position for a long time.

Lets hope this money is used wisely moving all project forward and pushing for growth

All partners/prospects should now be happy that QED have a stronger Balance Sheet

Sorry " good flow"

No I dont seeing it just going back to these levels.....

We need a go flow of positive news over the next few months.

I also think there's a reasonable chance the II that have invested will support the price in the early months

Sadly Barclays are not allowing me to apply for the open offer.

So Friday I bought over 800K at approx 3.4p in the market and in 3 different purchases today another 2m at approx 4.2p.

Really not bothered any more about the retail offer whatever you apply for will be scaled back and very happy buying shares at this price only a week ago it was 6-7.5p range. Nothing negative has happened on the contrary QED now have a strong balance sheet upto £6.5m from current offers less fees and £1.2 Valkor....to be followed by numerous good RNS's updates over the next few months.

ON yesterdays call did everyone pickup the additional MSAR supply to MSC over and above the current contract with Cargill.

Ive just re-played the call from yesterday Jason talks about this at 21:26 with memtion about a new contract for MSC which could be signed mid year for additional supply of MSAR and BiaMSAR to up to 300 of the MSC fleet.

Is this Old news that I have forgetten about or is it new news?

Yes its on their site

https://www.quadrise.com/media/

Quadrise Plc (AIM: QED), the transition technology provider for a cleaner planet, is pleased to announce the appointment of Anthony (Tony) Foster as Non-Executive Director with effect from 1st February 2025.

Tony is a seasoned executive with a lifetime of experience in the shipping industry. Over the course of his career, he has established, managed, and led a range of maritime businesses spanning broking, operations, ship management and shipowning.

Tony began his career with the Wallem Group, at that time the world's largest ship management company, where he ultimately headed their Tokyo office. He has also been a partner in several successful ventures including a boutique shipbroker, a technical ship management firm and a ship-owning company in partnership with a leading UK bank. Tony played a pivotal role in the pre-IPO team of Pacific Basin Shipping, now a prominent Hong Kong-listed dry bulk shipping giant.

In 2003, Tony founded Marine Capital, where he currently serves as Chief Executive Officer. Under his leadership, the firm has evolved from a proprietary shipowner into a shipping investment manager with a strong focus on decarbonisation. Today, Marine Capital undertakes shipping investments, vessel operations and management across diverse shipping sectors, serving institutional investors. Marine Capital also provides advisory services to major industry players and government entities.

Tony holds a BA (Hons) degree in Jurisprudence from Oxford University and is an active participant in industry forums and working groups driving maritime decarbonisation.

Andy Morrison, Chairman of Quadrise commented:

"On behalf of the Board, I'm delighted to welcome Tony to the Quadrise team. With decades of experience in the marine sector, Tony brings an unparalleled depth of expertise to our organisation. His proven track record in building and leading successful maritime businesses, combined with his innovative approach to shipping investment and decarbonisation aligns perfectly with our vision for Quadrise as we plan for the future scale-up of the business."

I thought they have said a few times with 2 MMU's supplying 12-15 ships each they would be at break even. Recently they have been burning £250k per month so each unit would generate £1.5m of revenue. So if you say 12 ships each would contribute approx £125k per ship

Hotfinance sorry you are correct Jason has just said instead of end of Q1 it hopefully will be near the start of Q2

Additional to current agreement Additional supply to MSC sounds great

Seem to me that MSC is on schedule which will be brilliant if this happens

Quadrise is pleased to announce that Chairman Andy Morrison, CEO Jason Miles and CFO David Scott will provide a live presentation relating to the Retail Offer via Investor Meet Company on 27 Jan 2025, 12:00 GMT.

Phlandomobalpus not quite 1m but top-up with 869,410 this morning

I suspect the II will have keep some money back to buy in the market over the next couple of weeks. Helping to move the SP north and showing a nice gain on their inital investment