Member Info for dustofnations

Rollovers, Tim.

From the forums:

""
thrgef - 10:15 AM
About to do some rollovers. Nothing to get excited about
""

Key quotation from the video:

"We are progressing those [projects] as rapidly as we can. Regardless of that, we will give shareholders a comprehensive update before the end of this calendar year on where we are on all of those, so they have absolute clarity on what are our short-term priorities are going to be as we move into the first half of 2020."

> Dustoofnations can you imagine say in 6 months the shares go up to say 50p or even a £1.00.

I don't speculate on SP. However, I would clearly hope the SP to be significantly higher than today once we gain a solid trial contract, especially if there's a clear pathway to commercial use.

No idea what the time-frame will be for SP appreciation, but we're well funded for the next year or two (depending on burn rate), and have a proven track record of successful trials. For example, emulsifying all kinds of feedstocks, project management, successfully executing and evaluating trials, etc.

Personally, I'm not focusing much on the SP at this point; I think seeing trials contracts and execution is the real issue of import at the moment.

Yes, and good source of additional funds for QFI if the company progresses their pipeline as we hope.

You are correct that you should be able to exercise your warrants for 36 months, assuming your broker hasn't screwed something up.

We're obviously in something of a holding pattern at the moment waiting for the team and agents to progress those opportunities. Let us hope QFI continue to make good progress and those warrants become valuable.

Someone with L2 data might be able to shed more light, but that one was intriguing to me also.

I just wondered whether it might be that Peel Hunt had some additional underwritten shares that they had not already pre-agreed a client for, and were able to charge a premium as it was done afterwards? If you exclude the XOFF/P2P trades, there's no way you'd be able to buy that huge volume at the current SP, surely.

At any rate, looking forwards to seeing some good progress in Q4 & onwards.

Looks like the rest of Peel Hunt's underwritten shares may have been shifted, as there have been another large number of off-exchange XOFF trades today.

Refer to the London Stock Exchange website to see more detail, however:

Exactly 6 million shares were traded today OTC (XOFF flag). As pointed out by AncientMariner on the forums, this is likely the broker passing underwritten shares out in pre-agreed trades to various clients (or 1:1 deals struck today).

XOFF trades occur directly and not on the exchange, but must eventually be reported.

That's likely why you are not seeing such enormous trades shift the price upwards.

@MBleu357 -- https://bit.ly/2nNwhQA - See you over there!

46G -- You are again mixing up the European Oil Refiner with the European Oil Major.

These are **separate entities entirely**.

Wish people would stop conflating them.

The raise was fully underwritten, so the full amount has been raised, and all remaining shares have been taken by the broker (who presumably has third parties lined up to take them, or will use them for their own purposes).

The warrant incentive packages are deliberately set to push an ambitious timeline. Aleph still have plenty of skin in the game, and their second tranche (which is the important one) does not expire until end of Q4. Also, remember they take a small slice of MSAR revenues, so are always strongly motivated to get things going.

Given the ructions in KSA at the moment, including the split and reognisation of the ministry, and new minister, I'm sanguine about a delay.

Q4 is the period in which we expect to see a variety of projects taking their first major steps. I look forwards to seeing some progress in the coming quarter, and shall be watching and scrutinising events very closely indeed.

KSA aside, Kuwait, Morocco, and Merlin (and possibly the European Oil Refiner, and API POLY-GCL China) are ones to watch particularly closely within Q4, IMO. But, we have a broad enough pipeline of opportunities that it could be a wide range of things (e.g. Mexico, Bitumina, Marine, etc).

BTW, those at the general meeting (viewable in the presentation) have also reported that Iraq is now also an area of increasing activity. Come onto the forums to read the reports of those who were there.

Also, a point that some people seem to be missing: this open offer is fully underwritten. So, the full amount (sans costs) will be in the bank shortly.

Thanks 46G!

AGM isn't until Nov/Dec, though.

Here's the presentation: https://www.quadrisefuels.com/sites/default/files/2019-09/QUADRISE%2027%20SEPTEMBER%20GENERAL%20MEETING%20V8%20-%20Website.pdf

@indigo22, Perhaps Tim should have done a PhD in acting rather than Comp Sci.

Or maybe condiments?

Urgh, sorry. I intended to change "quite a few" to "a couple", and ended up with a meld of both.

Slightly confused, I don't see any trade for 243500. Maybe it was split?

Quite a couple of unusual flags today that I had to look up, e.g. OILQ and TNCP

Speaking purely hypothetically, I'd also add that if there were some delay relating to the recent attacks, and Aleph were to miss the first milestone, that does not automatically imply much about the second milestone -- I would not be overly concerned, personally.

Plus, we have many irons in the fire now (Morocco, Q8, China, Merlin, etc).

Friends,

It’s important that everyone who is a QFI shareholder votes for the resolutions proposed (via whatever mechanism, including online, proxy, in-person, etc). This will allow the shares that are owed to Bergen, for the OO, and other purposes (e.g. warrants) to be issued as necessary.

If you use Interactive Investor, you can find the voting feature in portfolio -> voting mailbox (right-hand "tools" segment)

Please do share the procedure with your particular broker so others can learn what to do.

And now MK on ProactiveInvestors:

https://www.youtube.com/watch?v=SAWmJnuRz9w

Quadrise Fuels' Mike Kirk welcomes strong investor demand in recent fundraise

Rob, thank you for sharing.

It seems that Morocco has really come to the forefront over the last few interviews Mike Kirk has given. Evidently some progress has been made there and we should be paying a bit more attention in our research to that region.

Notice again in the OO docs he refers to possible industrial applications for MSAR in Morocco. In addition to power, I've been speculating since Morocco's announcement that MSAR in the cement industry could be a very interesting use-case, given its extremely high energy intensity and awful pollution.

Either way, this is yet more proof that the new strategy is key -- lots of projects in parallel has served us well as some have become more distant in time, and those seemingly a bit further out have surged forwards to become near and midterm (e.g. European Oil Refiner).

Of course, this is all good news in the abstract, but the team must get one over the line before we pat ourselves on the back too much.