Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I'm of to the airport currently just advised my bank to take up the offer in full so I'm in.
It 1 for every 19 shares you hold at 1.25p
So if you hold 19000 shares you will be offered 1000 extra at 1.25p so it would cost £12.50
If you don't take the offer up others will be allocated them if they have asked for more
I agree this is what I posted yesterday
"Now the funding has happened I think MSC will move forward with a little more speed"
Thats a nice purchase at 8.30 ish this morning Approx £100k
Hope im not missing to much only 1 post in the last 15 is not filtered
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
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
The Company has conditionally raised total gross proceeds of £1.5 million pursuant to the Placing of 118,922,107 Placing Shares and the Subscription of 1,077,893 Subscription Shares in each case at the Issue Price of 1.25 pence per New Ordinary Share. The gross proceeds of the Placing and Subscription are expected to be supplemented by additional gross proceeds of up to approximately £1 million to be raised pursuant to the Open Offer.
The net proceeds of the Placing and Subscription are expected to provide Quadrise with the necessary working capital resources to 31 March 2025, by which time projects in Morocco and Utah are expected to be generating commercial revenues, and the trial with MSC will be near completion, should active project milestones be delivered on currently anticipated timelines.
Should the Open Offer be fully subscribed, the net proceeds of the Open Offer will provide the Company with a clear pathway to profitability and the resources to progress opportunities in Central America and Southeast Asia, thereby creating a presence in the marine bunkering hubs of Panama and Singapore and enable progress with bioMSAR development.
Nice to see both Andy and Jason buying 2.2m shares in the placing and other director 1m+ in the subscription
1,560,000,000 shares in issue, this funding they will issue 200,000,000 share which is a 12.8% dilution
Remember Kitkateat does not want anyone to post if they buy or sell
Well thankyou BarkingCrazy what a clever idea
OK still delays nothing new here. However generally a good update finally getting us all up to speed.
Not really sure what has come of the Investment Bank talks??
The cash at £1.7m Jan burn rate of say £200k by end of April £900k + £2.5 from funding less costs, £3.25m at a guess May onwards thats positive
All project still live new plausible timeline.
Both Central America and SE Asia moving forward.
I think its a beliverble update, resonable funding for the next period. I know yet again everything has moved on the timeline, but we are so near It get a thumbs up from me
Hotfinance
"Only 2 weeks to go for the end of q1.. Those rational investors will know if this does not happen it will have major consequences."
For fun I will suggest big news on 25th or 26th March
BarkingCrazy
Appreciate your comments I will be waiting update/news and invest accordingly with current cash available. clearly if their is a funding I can now support this better now.
To state the obvious no news sp down
So we no for sure the BOD are running out of money soon...
I get comfort that they have not already come to the market which they should have done based on the dwindling cash reserves even with being prudent, which if correct I hope means they have another plan which they are working on.
I hope its someone big (Major) buying into the future with either massive investment or takeout both of which would require significant due dilligence.
However whatever they are upto its risky because if it fall through they have to come back to us with a dead story cap in hand...
Ive just bought a few more. Sadly I can go to the AGM tomorrow is anyone going?
Jim89
Thinking about it your approach is sound...ill sit in the back ground wait and watch for a while
Thats an encouraging update, however what happening on the new business wins?