RE: New oil boom?27 Sep 2024 08:08
Rewhbe, on the one hand, you have Fyoz's answer, on another, it rather depends on how you define an update.
As I see it facts are facts. Much of what comprises a QED update is often fact that in itself does not move the needle in terms of revenue, timing, profit etc, but potentially exciting news, useful as a foundation for conjecture: We are delighted to announce formal discussions with X about the potential for using our product in a given environment (say; leisure marine) and some cute open ended statements hinting at our place in a huge and lucrative market place. The Morocco story being a more mature version of the same, fortunately backed up by one small, and eventually successful trial and the Saudi debacle being an example of how it may end.
In sewing these 'seeds' if you will, all the chat that follows on BB's like this germinate and blossom into a sense of genuine opportunity, and all the excitement that brings to investors like me, eager for positive news, revenue and profit.
Statements such as "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" being an excellent example of blind faith based upon no more knowledge of what is actually being achieved than you or I have.
I don't actually doubt the commitment or effort of the QED team, I do perhaps question their effectiveness, and perhaps choice of which opportunity is most achievable to grow from our very fragile foundations and limited resources.
Beneficial communication for me would be, for example, test results, a start date for a trial in Morocco, receipt of samples from Utah, delivery of an MMU to location Y, an update on what happened in Panama after the rain fell, etc.
Finally, in relation to the quote above, 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, particularly as he may need to open our wallets again in the future.
....to finish my waffle; I am far from a doomster, for about fourteen years I have had my money where my mouth is, so to speak, because i believe in our amazing product, and I don't doubt the technical capability of the QED team; I just crave honest, factual and insightful communication. Industry, the environment and indeed we as shareholders will all benefit from our success, but all my beliefs are not basis for blind faith...maybe I'm a 'doubting Thomas'!