Member Info for AKHM

It is starting to get rather tedious all these delays but imagine the crazy situation and chat if we actually managed to sign a fuel deal. Could be a fun day. Back to waiting though I guess:(

With Quadrise 10p could happen in the next 6 months if all went as planned. Unfortunately as investors we have not had much luck with things going to plan.

Valkor announcing the finance deal should give our share price another good boost soon. Would be nice to get positive news from morocco, fuel supply and the valkor finance agreement in Sept.

It does sound far better and explains the situation in far more detail. Also sounds as if SB always expected the outcome last week so a bit more transparency in previous RNS and there prob wouldn't have been any kind of drop in share price.

So of Valkor get their 15M financing next month then at least Quadrise will get their extra 1.5M soon.

Marine fuel trial meant to say.

MSC actually bought a ship for the marine field trial so I am just hoping this is the evidence of their commitment to the trial and future commercialisation. Let's just get on with it now.

If we start showing progress with the MSC project I can't see it being a 100% rise. I think more multiples of that. Problem is we haven't had anything from the project for about 18 months

Onto the next hopeful piece of news. Fuel supply. Due 12 months ago. Surely can't be long now.

Permits granted could have seen a 30 percent rise today rather than a dip so all in all pretty poor day. Can believe SB and JM didn't half expect this considering they haven't actually provided any recent evidence that it is non-flowing bitumen. Surely they planned a contingency. Or prob not!!

Alternatively wouldn't surprise me to see an RNS stating that due to the recent permit decision Valkor are now in contractual talks with hoodoo to discuss a joint venture. No timeliness but another carrot.

Fair point. If hoodoo have won the process and thus have the rights could QED sign up a deal with hoodoo

What's the appeal process? I assume there would have to be one legally. If so maybe Valkor may take it a bit more serious and actually employ decent lawyers.

Is there no chance Valkor and Hoodoo already have a contract ready that was dependant on the results of the decision last night?

I agree it is a mess but what do we expect with this board. Was Steve Biles actually at the decision last night?

Company now only worth 12m. And they could save MSC 1m per ship in fuel costs alone. Just sign the damn fuel contract and get the serious project moving. One less distraction without Valkor.

So Valkor were denied the rights in favour of hoodoo? Is this correct?

Meant to be a formality wasn't it!! The stuff we get is tar like and not liquid. Simple.

Sorry for my technical ignorance but do the morocco client normally burn HFO to dry their product. If so surely MSAR would be less stressful on a fuel pump rather than more stressful. Sorry if this is a stupid question l.

As with all technical issues this should be easily resolved with a technical solution. If they know why the pump failed then as many have said they can learn from this, source an alternative pump and that should solve that issue. Nothing to say another issue may not arise but surely this is the whole point of the trial. They iron out this problems and if they can nail the performance aspect l then the contract could well follow. Clearly the client is very much invested in this as they seem to be very supportive of the process. Anyone known apart from environmental benefits how much it could actually save them per year to run MSAR?