Member Info for Fyoz

"QFI needs someone in sales"

We don't have anything to sell . . .

The big seller is still active, we won't recover without more news or until he's out

"All we need is someone to sign a damned order not endless lists of potential customers."

Sign an order for what Colin? A refinery shutdown so that an MMU and associated pipework and equipment can be installed? These things don't happen overnight, with or without a Sales Director

"Well today shows us the irrelevance of the podcast. Sp would probably held up better if they'd kept their gobs shut"

Nothing to do with 20m+ shares sold this afternoon?

And for me a significant message is that the Victory sale fills the coffers, so that they can stay in WN to extract the maximum value out of it, rather than be pressured into a low-ball offer due to being cash-strapped

try to keep up at the back

" It's a difficult sector to operate in."

Appreciate the words of caution DoN, but which 'sector' are you referring to?

I count we're working in at least 4 now:-

Marine propulsion
Tar sands
Power generation
Refinery fuelling

"a multi-MMU project for us"

Boom . . .

For me this sentence underlines the progress being made;

"In parallel, preparations for the 4,000-hour LONO trial continue, with the procurement process for the vessel fuel booster system now underway. The selection of suitable MSC LONO vessels and fuel production sites are also in progress, with a number of options being investigated to minimise cost, time and risk."

If they stick to the original plan and sell assets once proven up, and for argument, our share of the sale is 100m, there's no reason why they shouldn't distribute half of that back to shareholders, and keep half for 'the war chest'. That would equal a dividend of around 0.55p per share. OK maybe a bit simplistic with the figures, but a lot of the II's bought in at 0.9p, and are going to want a decent return for their patience, so perhaps not so far fetched

Long standing problem regarding the incorrect classification of RBD by some brokers. You can buy with several other brokers, bit of a pain but that's how it is unfortunately

"That is exactly what will happen, it will all be sunk into West Newton."

Don't fret Persi you'll be able to exit today

"if it was anywhere near enough to get WN to production "

I hope they stay well away from that. The plan was always to buy assets that required funding, prove them up, then sell them on and return profits to shareholders. Some or many of the II's will have got on board for that, not to be part of a junior oil company. Stick to the plan boys, rinse and repeat

"his credibility is on the line"

As the leading expert in emulsion fuels, or his naivity in handling investor queries?

I hope he's far too busy to reply to an email from a private investor

Haggis

It's a sizeable market but not thousands of ships. From Statista:-

'According to recent forecasts, the global cruise fleet size is estimated to reach 423 units by the end of 2020', so probably about 500 max

The global merchant fleet is about 50,000 vessels, so once we've cracked one nut . . .

"a lot can happen in 4 days"
While everyone's off?

Not everyone is off. Easter is a Christian concept, I'm sure it's business as usual in countries that are not predominantly Christian. And even 'In God We Trust' USA only has a normal weekend at Easter

Err, energy crisis

And, Utah could be huge, it might just be the foot in the door for tar sands projects around the world, something we hadn't even considered a few years back

It's incredibly cheap right now. The next news about a deal will probably 5 bag from here. If I wasn't so overweight in QFI already I'd be piling in

"I didn't realise that the Saudi's were ever on board"

Enough said

Is that why you think they need a Sales Director?