Member Info for Fyoz

"once they are able to discuss "

Not being able to discuss is not the same as no progress

What's the matter, is it getting a bit too positive on here for you?

Steve Byle "Most heavy oil sells at a significant discount, as much as $10 to $15 of of it, we however should realise an average of 30% over WTI in our sales."

Mike Peterson "We have a very talented, experienced team, who really understand tar sands and heavy oil, and especially how to PROCESS it (my caps), which is really the key to our success"

It can't be long now before serious US investors start to realise, that they're not talking about the extracted ultra low sulphur diesel, plus the asphalt binder combining to make $92 (WTI +30%) per barrel. Something else is in play here, another process that releases all that value. A bit more digging and they'll find QED, a minnow UK company holding the keys to unlocking the vast profits from Utah, currently priced to fail

Dollar bills for 2c coins

The signs are there

At around 2:25 Steve Byle talks about them selling their product for WTI +30%, so, seeing as bitumen sells for about $43 a barrel, and WTI +30% is around $92, I'd say they're definitely intending on using our process

" if Jason has time to post about the environmental benefits of our products on LinkedIn (and I am delighted that he does so), he surely has time to engender shareholder loyalty, support and 'team spirit' with small factual updates"

I'm no legal expert but if he's going to release 'factual' updates, I'm sure it has to be proof read, checked for accuracy and validated by the nomad, before he can then go to the (our) expense of issuing it as an RNS. The company are trying to preserve cash until some kind of revenue starts to flow. His LinkedIn posts are free (and presumably produced in his own time)

"it seems pathetic, and a very poor reflection on QED that they so studiously avoid any form of update or communication with shareholders"

BTG project update just over 3 months ago

Marine project update less than 3 months ago

Valkor project update less than 2 months ago

They're not in the business of constantly reassuring nervy investors, they're getting on with running our company, for our benefit, and I for one am glad they're concentrating on the task, and not wasting time producing a running commentary for the sake of the doomsters

This could be a real wake-up call for the companies wanting a slice of the action. Whilst all our attention is focussed on Utah right now, the adjacent basin in Colorada has slightly larger reserves, so plenty to go round if it does develop into a new oil boom. And we're slap bang in the middle of it, exciting times indeed

U.S. Geological Survey Oil Shale Assessment Team:-The total inplace resource for the Uinta Basin is estimated at 1.32 trillion barrels. This is only slightly lower than the estimated 1.53 trillion barrels for the adjacent Piceance Basin, Colorado, to the east, which is thought to be the richest oil shale deposit in the world. However, the area underlain by oil shale in the Uinta Basin is much larger than that of the Piceance Basin, and the average gallons per ton and barrels per acre values for each of the assessed oil shale zones are significantly lower in the depocenter in the Uinta Basin when compared to the Piceance Basin. These relations indicate that the oil shale resources in the Uinta Basin are of lower grade and are more dispersed than the oil shale resources of the Piceance Basin

"Do you think that a handful of the same old posters have any influence on moving the SP?

If you do you are delusional"

Yes, if they're a group of traders. This SP moves on thin volume. The first 5 trades today moved the bid down by 0.05p (3.5%). If you think that's purely coincidence, then you might be the deluded one

Exactly Red, it's the initiator of the trade that determines if it's a buy or sell

From IG.com:-

"Buy the rumor, sell the news" is a popular saying in the trading world, reflecting a strategy where traders buy an asset based on anticipation of upcoming news and sell once the news is released. This strategy leverages market psychology and can lead to significant gains if executed correctly

So, SP's rise when investors think there's good news coming and Buy beforehand. In QED's case, sentiment is low at the moment and PI's are selling. The cause of the negative sentiment is the crux of the argument. Nobody KNOWS for sure, so, if I believe the constant whining on here (and multiple other discussion sites), is persuading some to sell, it's as valid an opinion as anyone elses, whether you tag yourself 'the great' or not

The SP is falling because sells outnumber buys, just that. But who's selling and why? Most of the trades are small, not II's adjusting their exposure. So it's PI's selling. Why? Probably a mixture of sentiment, charting indicators, and momentum trading. All influenced by the shareholders themselves. And it's not a handful of posters on this board. There are many share discussion sites, and the traders infest them all. One thing I know for certain, daily criticism of the BoD on public forums is not going to lift the SP, or even preserve. So you're continuing to get what you continue to complain about on a daily basis

"Because the SP is falling and that pi****s most of us off enough to express our frustrations"

And why do you think the SP is falling?

"there is no visible positive actions to post about at the moment"

There are no visible negative actions to post about either, so why do the same culprits insist on doing it every day?

How did I know Hot trader would be the first to reply with a negative post

"Some PI's here (and on the forum) are like ostriches, they stick their head in the sand and prefer to avoid the reality."

And some prefer to come on here every day with nothing but criticism and negativity, despite 'alledgedly' having invested everything they can afford into the company. Such that their constant whining undermines shareholder confidence, and the doom and gloom becomes a 'self fullfilling' prophecy with the SP slowly diminishing

Hey here's a thought, I wonder if everyone started posting positive and encouraging messages, whether it might have the opposite effect on the SP, and it starts to go in the direction we want it to? Which might then encourage new investors, and the whole mood of the BB gets lifted?

"Have a nice time Fyoz. I might fly in."

Fly to Amsterdam then, I'm on the Eurostar at the moment 😁

"Sorry just trying to start an argument, it's got too boring without"

Agree, and I'd oblige monkeymo, but I'm in Paris at the moment 🗼🤣

I can see 7 trades, so not sure what the problem is with some devices

"$10 per barrel sounds high. Isn't $10 per tonne more realistic?"

If you owned the process that turned $43 per barrel bitumen into $100 per barrel marine fuel, I think you could expect 20% of that increase. It ain't happening without QED

Just looking at the Ashalt Ridge potential. Trio's lease covers 30,000 acres. The initial drilling programme is to space wells at 2.5 acres, and the plan is to drill 119 wells (17 x 7-well pads). At 40 barrels per day, and assuming we get say $10 per barrel royalty, that's $17.4m annual royalties, from 119 wells. Trio's lease has the capacity for 12,000 wells!

"I read that one of the ‘negatives’ filtered you yesterday for being positive about his investment?!"

My continued optimism persuaded one of them to sell a tranche of shares (if he's to be believed) 😹

Got paid today so just had (what I expect to be) my final top-up

13-Sep-24 08:50:31 1.68 50,000 Buy* 1.55 1.745 840.00

In the next month I fully expect Valkor to submit the samples and probably receive the results. Sell their first 100 barrels and receive their funding, triggering our $1m payment. Hopefully order the MMU as well

OK bring on the abuse and negative comments . . .