Member Info for 46Gillingham

Yes very positive call

Very low chance of not having revenues by end of 2023

Chairman see's revenues very soon and hopefully the SP being supported

60 tones of fuel on route to Morocco

Net Zero fuel should be available before 2030

boyporche
Sorry they are now under 3% as they are not on the QFI site as a major holder anymore
So since 2nd September they have sold not less than 69+.91m - 44m (approx 3%) = 25.91 shares
Just over a 1m shares a day sold in the last month on average
netting them approx £40 k and holding down our SP

boyporche
Premier Fund Managers Ltd. -47.31m / -40.36% 69.91m
I would guess with continuous selling its now below 50m

West yorkshire pension fund...Nice

Holder Shares bought Shares held
Hargreaves Lansdown Asset Management Ltd. +2.04m / +2.51% 83.23m
West Yorkshire Pension Fund +1.15m / +12.36% 10.47m
Hargreaves Lansdown Stockbrokers Ltd. +1.06m / +0.64% 167.43m
Peel Hunt LLP +800.00k / +49.78% 2.41m
IG Markets Ltd. +746.00k / +5.84% 13.53m

Holder Shares sold Shares held
Premier Fund Managers Ltd. -47.31m / -40.36% 69.91m
Evelyn Partners Investment Management LLP -1.69m / -12.71% 11.63m
Winterflood Securities Ltd (Market-Maker) -1.17m / -100.00% 0.00
Pilling & Co. Stockbrokers Ltd. -1.03m / -16.86% 5.06m
Canaccord Genuity Wealth Ltd. -714.14k / -1.02% 69.46m
Data from 31 Mar 2021 - 02 Sep 2022Source: FactSet Research Systems Inc.

Back to having hardly any II...... Mainly PI not a good record loosing II so quickly

Hargreaves Landsdown 302,010,511 21.47%
Interactive Investor Trading Limited 249,322,740 17.72%
Halifax Share Dealing 123,379,623 8.77%
Barclays Smart Investor 77,456,126 5.51%
Ruudowen Limited 62,839,261 4.47%
AJ Bell Stockbrokers 56,909,544 4.05%
Phibatec Limited 51,558,994 3.66%
HSBC Private Bank 44,198,416 3.14%

boyporche
£1 would be fantastic however my expectations are significantly lower.
BarkingCrazy
What a lovely problem to have....Just need to get there

BarkingCrazy
That would work for me

The Directors have reviewed the Group's ability to operate as a going concern up to the 31 December 2023, and have determined that the continuation of the Group as a going concern will be dependent upon successfully raising sufficient funds within 12 months of the financial statements sign off date to bridge the gap between the exhaustion of existing funds and the generation of sustainable positive cashflows. The Directors have a reasonable expectation that with positive trial results and ongoing progress to commercial revenues, such funds will be raised, although no binding funding agreements are in place at the date of this report, furthermore, notwithstanding the Board's confidence, there are currently no binding agreements in place in respect of commercial revenues.

Wonder what's really happening on the M&A side?

From the Chairman...Interesting
On the first of these priorities, it has been pleasing to note that the progress achieved to date should enable Quadrise to become revenue generating within the current financial year. Our flagship project with MSC has reached the milestone of a signed Framework Agreement and trials are expected to commence in early 2023. In Morocco, with preparatory work now complete, we expect completion of the trial early next quarter. In Utah, the commencement of drilling by Valkor and their partners will provide the oil samples needed to progress trials and commercial agreements. The agreements in place provide a clear line of sight from trials to commercial revenues.



The Company's immediate future will be to a large extent determined by our ability to deliver on the projects in hand, but it is pleasing to note the increasing enquiries from potential customers and partners who are interested to work with Quadrise and our real-world decarbonisation solutions. Once we secure our first commercial agreements, we should be confident of further growth.

I look forward to an exciting period ahead for Quadrise and our loyal shareholders, we have never been better positioned to deliver our innovative fuel technology and ultimately a cleaner planet."

Cash balances as at 30 June 2022 of £4.4m (2021: £7.0m).
Very surprised that QFI still has £4.4m as of June 22. This is a burn of £220,000 per month for these 12 months. If this continues at the start of 23 QFI will still have £3.1m . Good cash managed, pleased to see this

Operational Highlights:



· MSC - In July 2022, Quadrise signed a Framework Agreement with MSC to carry out trials of bioMSAR™ and MSAR® fuels with a view to the commercial supply of one or both of the fuels to MSC's global fleet. Proof-of-concept tests are planned for Q1 2023, following which MSC will run the LONO trials. With positive trial progression, Quadrise, MSC and other key stakeholders expect to commence discussions for commercial supply to MSC's global fleet.



· Morocco - In June 2022, Quadrise signed a new Material Transfer & Cooperation Agreement with the client, under which an industrial demonstration test using MSAR® and bioMSAR™ will be carried out at a client site. The MSAR® fuel for this test has now been manufactured and is being delivered to Morocco, with bioMSAR™ following imminently. The site test is now scheduled for early Q4. Upon successful completion, the parties will enter into discussions for potential commercial supply before year-end.



· Utah - In April 2022, Quadrise entered into a Commercial Development Agreement with Valkor Technologies LLC ("Valkor") to commercialise both MSAR® and bioMSAR™ at their projects in Utah. The parties are working together to conclude a commercial agreement during Q4 2022.



· Americas - Quadrise and its local agents are progressing discussions with candidate sites in Panama and Honduras to trial MSAR® and bioMSAR™ at power plants as a precursor to potential commercial supply in 2023. Joint discussions are also underway with a large refinery in the Caribbean with an interest in potential MSAR® supply, and the Company continues to progress activities in Mexico.



· bioMSAR™ - In September 2022, Quadrise signed a Joint Development Agreement ("JDA") with Vertoro to investigate the use of their crude sugar oils (CSOTM) as an alternative biofuel feedstock for bioMSAR™.



Financial Su

Completion of Quadrise Testing Program
Quadrise Fuels International plc ("Quadrise") completed testing of an oil sample supplied by TomCo's 100% owned subsidiary Greenfield Energy LLC ("Greenfield") taken from the Petroteq Oil Sands Plant ("POSP") and produced from oil sands ore using Petroteq's Clean Oil Recovery Technology ("CORT").

Quadrise reported that an extensive program of testing on the Greenfield oil sample was completed at the Quadrise Research Facility ("QRF") in Essex, UK.

The testing program at the QRF confirmed the ability to produce commercial MSAR® and bioMSAR™ fuels from the sample of heavy sweet oil provided by Greenfield and a report of the testing results has been issued to Tomco. Simulations of storage and handling of both MSAR® and bioMSAR™ produced were also completed during the program which indicated that commercial production of MSAR® and bioMSAR™ fuels would be possible in Utah for potential power and marine end-user applications domestically and internationally.

gribble
Great post but don't also forget the Americas....we have a surprise here also

I've seen this before.
New Chairman
Another new project , which is exciting, requiring test, time and costs.
Burning yet again through our money. everything is looking good however everything is also being delayed. So here is my current thought on additional funding

1,400,000,000 Shares in issue
£5,000,000 Additional funding
666,666,666 Additional shares
47% Dilution
Above based on .0075p on new shares

So above is one scenario.....What I would prefer on the 4th October is good updates on all 3 projects with one showing good signs of generating revenue before current money runs out. I would hope this would rise the SP back to 3-5p range and then a funding which would be significantly less dilutive either way I believe we will be having an additional funding

https://www.linkedin.com/feed/update/urn:li:activity:6978696685933719552/

https://www.linkedin.com/feed/update/urn:li:activity:6978696685933719552/Norways first hybrid ship.......Come on BOD get a move on ......15 years talking and test "dont miss the boat" get these projects over the line....Looking forward to the 4th October and a positive update