Member Info for dai2belts

I would imagine the investors will want their £10m back before risk of Q4 failure, but I would also imagine a flow rate test over weeks... So maybe a lot of positive news with little supporting facts just like happened for that 16 bagger.... Pumps in place, this could be transformational for the company......

In that raise there wasn't much mention of water processing equipment, or helium separation or did I miss it ?

You would think the head count increase is to get ready of a busy year, but that RNS suggests the delays are now outside of QEDs influence and its a waiting game..

In this Junes update it is suggested that OCP's OEM is working with QED to identify other industrial clients. If the OEM is that impressed why are they taking so long to give the thumbs up for OCP trial ?

"In parallel, Quadrise and the OEM are exploring potential collaboration opportunities with other industrial clients."

May 2023 Update

· Morocco - The industrial demonstration test is now scheduled to commence in May following finalisation of the client's latest production schedule. Quadrise personnel are now at the client site completing trial preparation, with results expected shortly after completion of testing and joint review with the client. Upon success, the parties will enter discussions for potential commercial supply, with a view to signing a fuel supply agreement in Q3 2023.

anyway we can only surmise with the vague updates

Recently they stopped announcing the start of trials, leaving a news vacuum until something concluded, now it seems they have moved the cause of delay from client OCP to OEM, done similar for Sparkle, and stopped giving an expected MSC start date..

and with just Sparkles short trial this year, that kind of work load doesn't really support Jasons move to CTO, and head count increases..

Its a difficult one to fathom

I would imagine the investor wants its £10m back before the risk of poor Rukwa appraisal results, and maybe to have maximum shares at the lowest possible price before any rally... Just need Lorna to use extremely optimistic wording in a geological sense in interviews for a penny to be broken before actually figures are released... then the investors could make a cool £10m from sub 0.5p

Mmmm, BCE quoted £2.1m for their sidetrack which included fitting a ESP, so thats drilling, casing and pump....

But He1 have already drilled a well so I wonder what the plan is..maybe more drilling

Looks like it was a single £10m lump sum, no tranches

So the first conversion of £1m has seen the sp match the discounted rate, even though 200m new shares is not a dent on 6Bn existing shares..With such a bright future the price should have held ?

Could there have been MM manipulation, or were those shares simply dumped which could suggest profit was taken in advance if thats possible ????????

Not sure, the funding is very similar to a CLN or death spiral depending on attitude of provider, they also have to play it right to ensure they get their £10m back, or how ever much they loan out if in tranches.. So now they have converted £1m you would expect a little rise if they can influence the sp, well unless they forward sold higher and those new shares are going back to the loaner.. Since thats £1m of a possible £10m maybe will see a pattern...

But maybe they are holding for a rally, but who knows, ..

Maybe they is a clue behind the recent sp drop, if all was positive it should have held, unless there was a keen seller or MM manipulation

Mmmmmmm, market has moved to match the £1m conversion ....

Will it bounce before the next conversion, or had they forward sold expecting the drop and will take it down further....

£10m raise with investors

__Tanzania__

ESP work programme £4.0 million,,Annual ML Fees/G&A £1.0 million

_USA_

Galactica development £4.5 million

__Total £9.5 million__

__Recent Conversion__

Further to the approval of the Investment Agreement dated 18 July 2025 by shareholders at a General Meeting held on 6 August 2025, the Company has received conversion notices totalling £1,000,000 from the Investors.

The conversion price has been calculated at 0.5007p and this represents a discount of approximately 20% to the closing mid-price of the Company's existing Ordinary Shares on 15 August 2025. This will result in the allotment of 199,720,388 new Ordinary Shares.

Its setting up for another multi-bagger, just need Lorna and the media aimed at the PI to use the same language that took He1 from 0.25p to +3p once more..

How much did it cost BCE to install their electric submersible pump, was it any where near the $4m He1 are budgeting ?

PANR and Zephyr, thats a good run

Odd, I keep being taken to thread

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PortfolioPower

Posts: 4,683

Price: 0.00

No Opinion

PANR22 Jan 2025 10:42

Tagging 50p now!!

Did anyone hold all the way from the lows?

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but then post appears in correct thread...

I keep missing the multi baggers, taking 50%, then when I hold they go down and I wish I took 40%

.

One day I hope to catch a 10 bagger :)

Looks like we have a few winners on this BB...especially with the WSBN holders

How close are the to announcing completion of the vertical section?

Fingers crossed it goes on a rally

Its done well , event though not drilling

AEX doubled again this year

Remember longboat, dropping from 20p to 6p, back to 20p, then to 30p, now 70p...

I have had my eye off the ball, some most have turned sour,, usual holding steady, maybe drifting with way, or old ones from early days, like EOG, and JSE..

That QED, looks like the BOD were full of sheight again, and that bounce off 3.7ish finally failed to happen while I was not looking