RE: Morocco28 Jan 2022 11:09
Wonga,
I'd say the RNS in November already proves you wrong, look at the timing stated, "early in Q1 2022", which is now enabled by the travel rules changing. They knew back in November that the ban was expected to end around the end of January, and scheduled in the trial based on that.
"Morocco. During November 2021, the equipment for the MSAR® combustion trial at the client site ('Site B') was shipped to a third-party site in Morocco, and preparations to commence production of 60mt of MSAR® fuel were completed. Quadrise is now awaiting client approval to proceed with fuel production and the Site B trial, which is expected imminently but has been temporarily delayed due to an internal management reorganisation at the client. Quadrise also expects to finalise a further extension to the Material Transfer and Cooperation Agreement, following the mutual 12 month extension of the original agreement on 28 November 2020. Timely client approval will allow the Site B trial to take place early in Q1 2022. The trial results and the final feasibility study for MSAR® use at a second client site ('Site A') are expected to be delivered to the client in Q1 2022. A subsequent commercial trial can then take place at Site A using the trial equipment from Site B. Assuming the successful conclusion of these trials, the intention is to conclude a commercial supply agreement covering one or more of the client's sites in Morocco in Q2 2022."