Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Slightly confused here why is QED researching another BioMsar with another supplier when they hav'nt even proved that the original one works in the real world surely it would be best to get the original BioMsar with Aquafuel tested and working and financially rewarding in the real world before even looking at another developing this additional fuel
I'm slightly the same situation as you Wayzgoose holding shares in a SIPP with HL spoke yesterday with the trading desk and although the person explained that I could apply for paper certificate when I said they were in a SIPP this seems to have fluxmoted her and it had to be put through the corporate team for a response. In my experience if it the same as Eridge PLC which was delisted from the london stock exchange they will just sit my HL SIPP as nil value
The new site not up and running yet unless the JV has managed to raise 110 mln dollars within the last month and built the site in the last month
All very true Pharoah but what I'm mainly concerned with what MK said at the the investor meeting when asked about what will be the first commercial revenues and expecting license fees from Greenfield in H221 which if MK believed is possible then the only way that revenue would be forthcoming was if the POSP was in production which is plainly not the case. This points to the fact that MK either was advised that the POSP was going to be in production or his statement was a exaggeration take your pick.
There was a discussion on here a couple of weeks ago regarding the status of the POSP and whether it will be still used in the production from the documentation below it looks like the POSP is just solely to be used for demonstration purposes for client and investors hopefully MK is aware of this as he thinks that qfi may be getting revenue from the POSP
https://www.docdroid.net/63d91tv/fs-ogm-utah-gov-files-minerals-permits-047-m0470089-2021-incoming-08132021-pdf-pdf#page=12
Agree with Salinger RNS from 28th June clearly states that
Pending the successful completion of the POC testing, Quadrise will work with Greenfield to review and advance fast-track plans to complete Phase 1 at the earliest opportunity. The objective is to progress to commercial MSAR® production at facilities capable of treating 10,000 barrels of oil per day ("Phase 2"), including a conditional MSAR® licence to Greenfield subject to commercial agreements.
Maybe sell them on ebay get a bit of revenue in that way :-)
Yep thats right the license agreement was between Petroteq and Greenfield for the site which has'nt been renewed and the agreement to use MSAR after testing was between QFi and Greenfield for the use of MSAR there is no agreement between Petroteq and QFI for the use of MSAR
You may be right about the revenue but the license agreement hasn't been extended for the POSP site which ran out on 1st July and I can't find anywhere to say that the license has been extended beyond 1st July unless I've missed it
"The overall engineering, procurement and construction of the 5,000 bopd plant are estimated to require 54-62 weeks, barring any significant supply chain upsets or adverse weather conditions during construction and commissioning of the plant."
Interesting looks like there will be no revenue from Utah until at least next year 2H22
sorry my mistake they are just the bank holding the proof of funds
It's certainly not shell it's a finance company called Uniexpress Investment Holding that are behind the bid
In one of the AGM Ian Williams was asked why QFI was not trying to promote MSAR with other shipping companies and I can't remember his exact answer but even at that stage some retail investors were questioning the reason of staying with Maersk.
Next step for MSC project is the MOU once that in the bag then things are looking brighter
Take your pick
I don't think that buoygate was the main reason for Maersk not finishing the trial or using with MSAR, it was from recollection Søren Skou stating at a conference that they would be fully compliant with IMO 2020 and using VLSO for this compliance so of course they could'nt start using MSAR. This stance came as a surprise to the management of QFI and I think myself the buoygate saga was a way of Maersk getting out of the trial
So if your right Dustofnations about QRF supplying the MSAR for the trials then all we need is keep an on eye the port of Harwich and see if there's and bulk tankers like the Vinga Safir that supplied the fuel for the Maersk Lono trials
Little bit confused regarding how warrants work but I purchased my shares at 3.96 they are exercisable at 7.48 up and expire on 1st Oct 2022 slightly different to your fourteenhundred
I was just about to ask the same question as we're about 1p away from the offer price