For the newbies24 Jun 2020 21:52
Some new arrivals are asking about the potential of QFI based on the current SP. The company has recently changed it's strategy from going after one or two mega projects, to spreading the net a bit wider, with partners incentivised to assist in closing deals, and most of the LTH's are excited with our new prospects. But, let's not forget how close we came to clinching a couple of mega deals. Maersk had a 'policy change' with regard to compliant fuels, but if they'd stuck to their plans, we were due to receive royalties for MSAR use of around one third of the annual fuel cost saving, so about $330k per ship (I believe) using our fuel. Maersk has a fleet of around 600 ships, do the maths. KSA were going to do a trial burn using MSAR in one of their boilers at a power generation plant. QFI managed to get 5 of the 7 contracts signed between the various counter-parties, but an unresolved dispute between two of the stakeholders scuppered the deal. If (and yes it's a big if), KSA switched all of it's power generation over to MSAR fuel, they would save $500m per year. Do the maths as to what our royalties might be. So that's why many of us old die-hards are still excited by this company and it's potential. At the moment we appear to have 3 ongoing projects, smaller and yet each capable of making the company, but the really mouth watering proposition is that both of those mega projects we thought had slipped away, are actually still active. Now, does 2.3p sound as if you might have missed the boat?
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