Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Just topped up £3,500 & 58,792 shares
Jim89
Thanks great summary
Hope the team have been very busy getting everything in order to release good news over the next week.
My fingers are crossed for all
TechyRob a re-post from my post on 3 December....This is what we are waiting for
Valkor
Dec 2023 Waiting for multiple permits for drilling expected imminently
Dec 2023 Sand Oil partner in progress final stage of finance
Morocco
Now -April 2024 Commercial supply agreed
MSC
Dec 2023 Forward looking sign agreement with MSC, Major Trader & Terminals
Dec 2024 Scoping of refineries refueling – Base for Marine supply from Singapore.
Bio MSAR Product Development
JDA with BTG & BV more to follow.
NOW underway with an Investment Bank to secure a strategic partner – Accelerates growth ( I got the impression an announcement could be just around the corner)
Aqua fuel more published material to come.
TechyRob
Well said ageww lets all stay focused
Hotfinance
Thats why I asked the question. It should have been covered in detail with the slides as it may be an issue. Thought I would help by making sure it was the first question at the AGM
If the money runs out Feb at a push March a funding will have to happen January.
Which is why the board seemed so confident that a number of solutions will be landing before this event is required.....Thats the impression I walked away with
Or the Investment Bank helps secure some sort of deal with a Strategic Partner/Major
Its getting like the old days
Up early make a coffee sit by the computer till 7am in anticipation of an RNS with wonderful news......Unless something happens soon the only RNS will be about a funding.
Still very hopeful on all fronts come BOD get these projects closed
Kolonik
100% agree. For QED its now about timing they need to get 1 or a number of projects or IB over the line otherwise they will have to do a funding of some sort soon
Its not looking good for any news this year....Approx 1 week left before everything starts to close down for Christmas
At the AGM The first question I asked in Q&A was about QED running out of money should Valkor not happen before February 2024. I was reassured by the answer, they seemed confident the Investment bank was coming good and the general impression I had was they had an alternative available should the IB not come good in time.
What would be welcome is good news on Valkor imminently this week, followed by further good news on a high SP following Valkor from the IB next week. Nail biting time for the BOD should this not happen in December I would suggest we will see a funding round early January latest
Hotfinance
Ive just re-read the the cash run-out situation and June is based on $1.5m, I thought it was on just the inital $1m from Valkor. So the additional $1.5m (£1,197,000) assuming Mid June...... money runs out at the begining of Febuary with their current burn rate so that would be 7-8 weeks from now. I hope their are getting all their ducks in a row
Dai2belts
Have a look at the report and accounts page 16....
Based on the latest
Company forecasts which
assume the anticipated
and important receipt of
an aggregate of US$1.5m
from Valkor as described
above, these funds are
expected to be sufficient to
reach forecast commercial
revenues and cover net
project expenditure and fixed
costs up to the end of June
2024. Additional funding
will be required beyond this
point to bridge the gap to
the generation of sustainable
positive cashflows, which
are currently planned to
commence in H2 2025.
Hotfinance Im wrong I thought it was May it June when the money runs out so March is correct not Febuary
Hotfinance
They have stated with the $1m they will run out in May. Work backwards with the $1m (£796,000) deduct QED burn rate and you end up with Feb.
Timetomultibag.
The BOD have a number of options all of which are intlinked.
They are hoping Valkor raise $15m in which case QED may have $1m sometime in the few month shortly followed by another payment of $.5m. If this happens the BOD have enough money till May 2024 if it does not then QED's money runs out Circ Febuary 2024 (about 10 weeks).
The BOD however have engaged with an Investment bank to get a strategic Investor on board if successful and happens before Febuary maybe a placing will not be required. We just dont know until Terms/partnership/news happens. What we do know and hope is that loads of news is imminent and could have an effect on the above....Just sit back wait and watch
Azerbaijan tipped to host COP29 climate talks
Brazil between November 10 and 21, 2025
Thats 2 year from now
I see jason was appointed a director of this company in 2022 does anyone know anything about this company