focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
I agree, Willswag. Told we're getting a trial agreement, so lets expect a trial agreement. The last thing we need is it being built up and anticipated to be something it's not so when it does FINALLY come along, it becomes a disappointment. We've waited far too long!
In the interest of settling nerves, I see there was a post over on the forum from Interceptor (thank you, if you follow this) saying he'd had a response from JM in the last 24 hours to say the agreements are being "finalised" and that they are looking to conclude matters ASAP.
Hopefully suggests the silence since the last round of emails received is nothing sinister, which is welcome news to me.
I'm at a bit of a loss as to why JM thought it was a good idea to confirm the news privately to shareholders that they hadn't got traction on the MSC deal in December and effectively crash the share price in the run up to requiring more money. Probably the one time I would have welcomed him saying "further details will be provided by RNS in due course".
Not exactly the improvement in comms I was hoping for!
Just to add on MSC, I have not given up on the idea that the deal has been done in December or is happening as I write. To me, Jason probably seemed as confident on that as anything at the AGM, and I think a date or deadline was probably already set at the time of him speaking. If there is a detailed RNS to draft, get agreed by all parties and signed off, I could easily see that taking a week or more if the signing date was today (particularly as people drift back to the office from Christmas). Hopefully it's packed full of detail and is a fairly complex beast to produce. If so, I can certainly wait a few days!
MSC: I think the MSC agreement is in the offing. Start date of the trial may drift slightly but the ducks are lined up and the final details / signatures are being ironed out and the agreement will appear in the next week or two. Will be transformational for the share price.
Valkor: I don't think this money is as guaranteed or imminent as we were led to believe, hence Jason's "rabbit in the headlights" moment at the AGM when funding was mentioned. I think the Americans are likely overly bullish and gung ho in their communication of the reality to QED and that's all JM has had to go on, despite possibly being sceptical himself. I think the decision to up the ante in looking for a strategic partner was partly based on knowing what they've said hasn't come to pass and the money is running out.
Morocco: I think we will get a contract in place in Q1 and further trial sites will be agreed. It clearly makes sense for them and their continued support during the hiccups, to me, says they are serious.
Funding: Clearly money is getting tight but I think with MSC in the bag (what I think the board is holding out for) then raising money should be a formality, whether from the market or other sources.
That's my penny's worth anyway.
If I was JM and had shareholders on my back at the AGM about communication and was looking to build some confidence / momentum / company awareness in advance of a prospective fund raise, I'd tell the market that they'd done what they said they would and delivered the report and will be progressing contract talks and other site trials. What's the harm? As for further detail, I don't know if they'd have project specific data headlines they can tout re: emission reductions for that specific project, but any further detail would likely be positive I would have thought?
Don't think anyone's been mugged. There was a bit of hope we might get a mention by Bud Darr at COP28 but the conversations were all way too high level for us (or anyone else) to get a mention. Though there were some very positive overtures to biofuels and he said all the right things without naming names. Jason has two proper working weeks to keep to his December timeline for what should be the biggest news in our history. Certainly not panicking and still expecting us to be in a very nice position at Christmas.
Prep, think we all get it. You don't like him or agree with him. It's a public forum. Not everything he (or a multitude of others) have said have come to pass. Including a vast number of theories I've read on the forum over the years. He clearly puts time into reading up on the stock. If he's not invested, why? And more fool him if not. But the soap opera, one trick pony-ism is a tad dull and it's seems to be usually you attacking him. If you feel wronged, take the moral high ground and swerve it but for goodness sake give us all a break. It's a tad tedious to say the least.