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From the interims RNS:-
Morocco: In November 2023, Quadrise successfully completed an industrial demonstration test of trial quantities of MSAR® and bioMSAR? at the 'Site-B' facility of its client in Morocco. This was the first demonstration of bioMSAR? in an industrial application. The parties are now negotiating a long-term commercial supply with a view to signing an agreement by mid-2024
For me, mid 2024 is May to July, so anytime now we can expect to get our first commercial supply contract 🚀
" let's be straight, this is not an investment, it's purely a gamble"
Seems like you're assuming the future of the company is intrinsically linked to the MSC project, and whether it goes ahead or not? You're completely discounting Valkor, Morocco, Vertoro, Euthenia and the prospects in South East Asia and Central America, and saying it's a 'coin toss' if we succeed or fail?
"The Valkor offering in Utah is potentially epoch changing"
Best post on this BB for quite a while PR. I've said in the past Utah is my favourite project because we've nobody to displace, no current supplier who will lose out if MSAR is adopted. So our process works with the drilled well process, and the extraction from tar sands, quite incredible that the SP is not in the teens at least
"but on his salary £15k was peanuts "
320k salary equates to about 180k take home pay. 15k of that (about 8.3%) was re-invested in the company, (where he already has all his eggs in one basket), and he has over 7m in options, so no need at all to risk 'his own money'. People wanted 'skin in the game', they got it and they're still not happy. Couldn't make it up . . .
And while I'm at it . . .
"In good faith many old and new investors approx 2 months ago dug deep and supported Jason and his team"
Jason dug a lot deeper than most of us, he put 15k of his own money into subscription shares. If QED isn't a success, many of us will put it down to experience and look for another investment. This man will lose everything, his career, his professional reputation, his share options etc. He's embeded into this company in a way that none of us are. So if he's investing his hard earned wages in keeping the company going, the very least we can do is support him, and give him a bit of breathing space to bring some of the current projects to fruition
"Otherwise quietly market the company and let some else develope what you cant."
How would that work? We sell the company for it's cash and IP probably taking a hit on the current SP. Why not follow your own advice, quietly market your own shares, and find a company where you trust the BoD, simples 🙄
"these core samples however, are the smoking gun evidence valkor/hso need in order to go back to the dogm board and pursue their unitization project which could be for 100+ wells"
fantastic news
my 'back of a *** packet' calculations came up with an uplift in the sp of about 4p for 20 wells. utah alone could be a 'company maker' project
"Who would not be happy with that as an outcome"
The incumbent fuel supplier
This is our number one barrier to entry in a competitive environment. I suspect it was the reason for the demise of the KSA project, and could also be causing delays in Morocco. It's why I like the Utah projects so much. We're not having to oust an existing supplier. If it does what it says on the tin, then we should be able to bring that to market very quickly
"What is the specific definition or examples of this?"
I'm thinking along the lines of:-
Following the successful completion of the LONO trials, MSC have signed a binding agreement to have 50 of their class XYZ ships converted to utilise Quadrise's Bio MSAR fuel. The fuel will be produced and supplied by blah blah. Quadrise will receive a royalty payment of $XX per tonne of fuel produced. MSC have also secured an option for a further 150 ships on the same terms etc ad nauseum . . .
Or something along those lines. I imagine the SP would re-rate pretty quickly on such an announcement, before a single penny of revenue is received
"No it’s not. It would take commercial revenues to entice serious traders and investors "
Can't agree with that. Once we have a 'visible route' to revenue the buying will increase dramatically. Some more positive RNS's might prompt the 'fence sitters' to get in a bit earlier
Seems to be a big disconnect between our future prospects and the SP at the moment. I'm sure a lot of it's down to past failure to progress projects to commercialisation. Some is perhaps also that we're in the unloved fossil fuel sector at the moment. Maybe if the MC can gradually increase, we can attract investment from funds that are more open to our de-carbonisation credentials
Just looking at the current Valcor project though, using the minimum output of 20 barrels per day, a $10 royalty per barrel, 20 wells in production, plus the technology transfer payments, and using a PE ratio of 50, would equate to an SP of about 4p. And that's just this one initial programme with Sweet Heavy Oil
No wonder Jason put 15k of his own money in while he had the chance
I think the whole pleasure craft arena could be a big opportunity for us. I imagine most recreational boaters have a tinge of conscience that they're polluting the very environment they enjoy so much. A net-zero fuel in this sector must be a sure fire winner, and it's a massive market globally. Another significant iron in the fire
"But a number of articles I've read on businesses that are failing or have failed"
Maybe try reading about some success stories, like James Dyson, who 'failed' for 13 years before getting it right, and is now worth $13.2b