Member Info for dai2belts

@KevR, Mmmmm, They sell a licence to produce the fuel, and maybe supply the chemicals, so not sure how that fits in with MSC being a consumer.

Diesel engines, but why the CEO does'nt drive round with the stuff in his car I don't know, that would impress potential customers. If it was'nt for MSC I would think the company was a bit of a scam with a product nobody seems to want..

Without MSC I think the open offer would flunk...

@Swissydog. I bought 100k at 1.25p, not sure if I was too quick, since it has hit a penny, that suggests 25% downside

but previously there was the risk of a placing at near a penny, discounted shares as low as 0.6p...

And most of the LTH have stopped talking the price down

Best write them up again, you obviously hit a nerve,

What QED have going for them is MSC, that is a big prize..biggest in years and MSC have made it public that they will be Trialing QEDs products.. Once funded the company are good for another period, all depending on how much they raise. Without MSC I think the open offer would fail..

On the BB people are talking strategies to support the open offer without committing anymore cash..

So that is sell some off their holdings, or sell the open offer once received.

I think possibly this has been timed with some news coming, which could be the start of the Moroccan trial, which if I was them would announce,and do a PRD with an early up date, like the trial has completed a successful start up and production is commencing.. Then leave it or say phase 1 successfully completed(as in it run the full length)..then announce result once funded.. good or bad

What QED have going for them is MSC, that is a big prize..biggest in years and MSC have made it public that they will be Trialing QEDs products.. Once funded the company are good for another period, all depending on how much they raise. Without MSC I think the open offer would fail..

On the BB people are talking strategies to support the open offer without committing anymore cash..

So that is sell some off their holdings, or sell the open offer once received.

I think possibly this has been timed with some news coming, which could be the start of the Moroccan trial, which if I was them would announce,and do a PRD with an early up date, like the trial has completed a successful start up and production is commencing.. Then leave it or say phase 1 successfully completed(as in it run the full length)..then announce result once funded.. good or bad

@Gogs, Shaun should be buying $1m in shares, thats some punt, shows confidence. A discovery should read across..

Although not sure if its a rich mans stunt that can be hedged to some degree using a financial instrument which can be kept away from public..

And then next year there is a fair chance Exalo will have their rig available, and Marriott's will be in country, if Noble don't hog it as Invictus did...

What a foooking show, needs a shake out at the top,

Void, funny,,

Wet season drilling option, looks clean, nice colour, should get a thumbs, from our COO..

https://www.google.com/imgres?imgurl=https://w7.pngwing.com/pngs/198/851/png-transparent-the-simpsons-tapped-out-krusty-the-clown-oil-platform-petroleum-krusty-burger-others-game-drilling-rig-simpsons.png&imgrefurl=https://www.pngwing.com/en/free-png-pjpbp&h=899&w=920&tbnid=SytV8VH3E71dkM&q=clowns+drilling+rig&tbnh=144&tbnw=147&usg=AI4_-kTbQMi4SYnm0ZXTWbdoqEl_BPWIdA&vet=1&docid=KtARiSVUo7K8vM&client=firefox-b-ab&sa=X&ved=2ahUKEwio_fv0i___AhXkVKQEHbMcDBEQ9QF6BAgKEAQ

Lol, I just seen your posts,,,saying what I posted...

@Swissy, we had a bad friday with QED too, CEO suggesting getting a few milestones in before the raise, had me deciding to hold for the Morocco start before selling, in hindsight I should have halved my holding..

Maybe if your down, get a blip and get out option, consider taking it and bet on buying back lower as that tends to happen most often... And it seems QED always have so much news to come, ?

The other to watch is He1 when Noble are drilling, especially if Shaun buys his £1m in shares, as thats confidence, any discovery should read across, and a second discovery for Noble will really get speculation going...

He1 should get a few more years to play out their rig saga ;)

Did you get to see your post printed on the BB, I have had a few that dont make the BB?

07-Jul-23 16:08:09 0.45 3,791 Buy* 0.35 0.45 17.06 O

07-Jul-23 16:07:47 0.40 2,000,000 Buy* 0.35 0.40 8,000 O

07-Jul-23 16:06:57 0.41 900,000 Buy* 0.35 0.40 3,690 O.......................<

07-Jul-23 15:49:38 0.387 126,111 Buy* 0.35 0.40 488.05 O

07-Jul-23 15:15:33 0.387 50,000 Buy* 0.35 0.40 193.50 O

07-Jul-23 15:09:56 0.41 100,000 Buy* 0.35 0.40 410.00 O..........................<

07-Jul-23 14:56:42 0.40 700,000 Buy* 0.35 0.40 2,800 O

07-Jul-23 14:50:48 0.388 12,887 Buy* 0.35 0.40 50.00 O

@Tro, could be these then the spread was increased, hopefully that big seller is out

07-Jul-23 16:08:09 0.45 3,791 Buy* 0.35 0.45 17.06 O

07-Jul-23 16:07:47 0.40 2,000,000 Buy* 0.35 0.40 8,000 O

07-Jul-23 16:06:57 0.41 900,000 Buy* 0.35 0.40 3,690 O

@Tro, could be these then the spread was increased, hopefully that big seller is out

07-Jul-23 16:08:09 0.45 3,791 Buy* 0.35 0.45 17.06 O

07-Jul-23 16:07:47 0.40 2,000,000 Buy* 0.35 0.40 8,000 O

07-Jul-23 16:06:57 0.41 900,000 Buy* 0.35 0.40 3,690 O

They have plan L I F E S T Y L E R S, no need for A, B, C and especially D lol

I think if they ditch SOFORI there will be no drill this year, so they are hanging on, if things dont work out then there is Marriott or Exalo..

That RNS is another classic crafted by whoever wrote the 80% Audit update, where the rig crew got a well earned break, but the reality was there was nothing for them to do as the engine was in bits, and parts on order, ;)

Last year the $10m, I think was about $5/6m at interim's and right up until the raise, then some how it was so small it did'nt add anything significant to the £10m balanced raised.. Worth looking into where it went(predator), I see £300k/month cash burn mentioned, thats £3.6m, and those licences will cost if any more are ended or extended, payments due.. So another raise will be needed unless they ditch H&B, and try the cheaper testing Noble have opted for, which they may if Noble announce a discovery..

No updates, can only speculate..

Not sure, QED need to look after their II who want their profit, those shares will be trading on the 12th..

If Morocco news starts to arrive this month, testing, phase 1 results then onto phase 2, that gives them their profit and makes the open offer more attractive.

We have just gone from 1p to 2p, but on what, a little jam..manipulation maybe..

All the news due, MSC, maybe it will be the smaller holders asking for few extra, 1 for 8, is'nt going to do much to average down their holdings, unless they buy now or below..

With MSC likely, is it the wrong time to play hardball ?

Zphr too, on a low, preparing for 3rd attempt at the well so over pressured they had a blow out on the 2nd attempt. Same well the help them onto the low, i believe...

Feel sorry for them, its looking likely he1 drill will be 2024 after Noble or Invictus finish with their rigs

Here are some for you to watch

QED if its a penny, if the open offer goes through its a few more years of multi-bag rises, check out the chart

EOG if it hits near penny, tends to do 30%, 3 times this year, its debt free, generating cash, no going bust

AEX is another that bounce 0.95-1p, 1p to buy today, on a free carry I believe,

HOC seems to bounce of 64/68p, but I dont follow it, so ?

And if a raise is due and the price rises,

The company is jamming tomorrow, of course they will they cant have everyone selling before.

88e raise suddenly posters appeared, saying why a there was no need ?

DUSTERS

PRD, that will be a big drop on the 1st well test, but there will be another 1 or 2 to follow

Matd, duster likely being exploration well, but production to follow

LBE, drilling(20% interest) July/August, up to $30m cash payment depending on size discovery from JV partner, so will be a double disappointment..

Noble, Shaun buying $1m in second tranche, CoS must be supercalifragilisticexpialidocious, it wont matter if He1 dont drill this year, next year it will be a hot share , and there will be two rigs nearby Marriotts and Exalos

After reading skittishs, post and checking Nobles announcement

Rigs being mobilised late July, the get to Rukwa September

.So probably end of September, if Noble drill their 1st well into October, the next slot is Oct/Nov if there are no overruns or repairs required. If Noble are able to fund a second well, and drill that before He1 then thats definitely another year missed..

Noble simply stated.. "The Company has withdrawn from the non-binding Letter of Intent with Sofori for its Drillmec HH102, due to ongoing delays"

While He1 claim they are following legal advice, two total opposites, ?

The rectification notice could simply be He1 asking SOFORI to clarify its proposal, could be they are unhappy with our demands and just stopped responding, .. That itself delays operations and contracts...

"The Company has previously issued a number of deadlines to SOFORI but continues to have concerns about the lack of operational and contractual progress required under the terms of the non-binding Letter of Intent ("LoI") and, pursuant to legal advice received by the Company, have issued SOFORI with a rectification notice"

No mention of SOFORI responding, no details what so ever of the state of play, nor in Nobles update, just a delay, .

Mind you its all changed as Noble have gone, cost are all He1, and its just 1 drill, not Noble keeping the rig.

SOFORI could kick this into touch, its a non binding agreement,

And after last year you cant believe a word He1 say...

Lets hope there is some news shortly to make that open offer worth while, especially with Morocco due to start this month.