Member Info for Fyoz

MexPete "But the figure in Fourteenhundred's post of 15.26 is 800M."

You are correct, it was TheOrns that provided the 860m figure. Anyway, a few percent either way is nothing compared to the 'double' (100%) that piqued my curiosity

For a company on AIM to have only diluted by around 30% over 7 or 8 years is bloody amazing

"800M to 1,105M is 38%"

I was using 860m as suggested by fourteenhundred

Shares in issue now is about 1,105m so about 28% increase

Hardly double . . .

"However their nearly double the amount of shares issued now"

Have you got any firm info 46? I thought the dilution was only around 20% since those days

I see 50p as an easy target if we get these 3 projects commercial. You could make a case for Utah or MSC being worth 50p (eventually) each on their own. If KSA were to come to fruition then we're really in the money

If you're using the original statement then you should do so accurately, my comment was:-

"now that we've been essentially de-risked"

To which you replied with unnecessary rudeness. No matter, 14 people voted my post up, against 4 for your diatribe

Moving on . . .

"I'm not in financial services though and nor are most on here...."

Oh and there I am thinking we're discussing a 'business' on a 'financial investment' website, doh

So next time I say SP, I'll caveat it with share price, just in case some think I'm talking about the starting price of racehorses

Correct Indigo, In business it's the reduction of risk

"anyone who thinks this share is de-risked is an idiot......it's nowhere near being de-risked!"

de-risk
(especially in a business context) take steps to make (something) less risky or less likely to involve a financial loss.
"as the eurozone crisis deteriorated, we accelerated our efforts to de-risk the investment portfolio"
Definitions from Oxford Languages

I did not say the absence of risk, and I am nobody's idiot petergar, you patronising git

Utah awaiting confirmation that MSAR can be produced from their oil extracted from sand
Morocco fast-tracking the trial so they can roll it out to larger installations
MSC wanting to trial it in their ship in readyness of using it in their fleet of cargo and cruise ships

Those of us who've been here and suffered all these years, kept faith because we were all aware of the massive potential this company has. I would suggest that the message is slowly spreading to a wider group of investors, who are running the numbers, looking at the global potential of MSAR, and are filling their boots. Another decent RNS could 5 bag the current SP easily, and that's hard to ignore now that we've been essentially de-risked

Thanks for the input Dust, and I admit I don't know the in's and out's of fuel distribution. From my time working in oil & gas I believe that many oil majors are 'self insured', and so the planning, design and checking procedures are very rigorous, which does tend to drag the whole process out a fair bit

"And Fyoz will be able to move out of his cheap lodgings in Spain when his calculations prove correct."

Ha ha very good, but my lodgings in Tenerife aren't so cheap, just a lot cheaper than the equivalent in a decent part of the UK

It won't be a quick process to get MSAR available for 400 ships. Several refineries will need to be modified and have MMU's installed. I don't know if this requires a full shut-down but planning for any re-vamp work takes months. And then bunker facilities prepared for MSAR storage. However, the market is forward looking and so just the signing of significant contracts will lift our SP hugely

"All that happens by continually attacking that one voice is that you amplify it..."

I don't attack it, I respond to it, usually to expose the misrepresentation or downright lie in it's message. And I really don't care if it bothers you or not, I will continue to defend my investment as I see fit

"For seemingly intelligent people you do let yourselves down when the pack mentality kicks in"

You mean rebut the deliberately misleading comments that are intended to trash our investments?

"Three and a half MILLION tonnes a year.
WOW
If that's not a gameghanger I don't know what is..."

Isn't our royalty expected to be about $10 per tonne?

Kerching . . .

"There was no LONO" There is n interim LONO

"Either this company is monumentally unlucky or something is very wrong with MSAR." The engineer on the LONO ship said MSAR performed well

"a similar project in Morocco I think that just fizzled out." Moroccan project still active and being fast-tracked

"I have no idea about company finances at this time" Truest thing you've said, and I might add that you seem pretty clueless about all things QFI

"Anyone thinking there will be a sale this year is 'barking up the wrong tree'"

Just 22 days into the year yet Persi 'knows' WN won't be sold within the next 11 months and 9 days

Make your own minds up newbies

I totally agree Indigo, I'm being very conservative with my figures. There are many more positive factors to throw into the equation, but I was trying to get a handle on what this one deal could mean. Where MSC lead, many more will follow, and this is just one marine contract. I'm still very bullish on the Utah prospect, along with Morocco , and still 'in-play', the daddy KSA. I got into this share around 7 years ago and I think my first buy was around 40p. But the prospects were stunning, forecasts of an SP of over 1000p if Maersk AND KSA came off. And none of that potential has diminished! However, I also recall it was expected that the major shareholders would sell out, for the right offer, most likely to a global oil major. I've no way of knowing whether that exit strategy is still valid, or what price they would accept, but it was thought at the time that it would be somewhere north of 400p, probably more if there were 2 bidders. All I'm trying to do here is alert some of our new holders to the eye-watering potential of QFI if things finally start to go our way

Tt "Fyoz in Spain. In anticipation, I suppose, of being able to afford it."

It's much cheaper to live in Spain than the UK, and the health benefits are unquantifiable

Cheers