Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
SC..the RNS states WILL be built not HAS been built or IS being built.
''The motor yacht will be built for Vertoro by Focus Motor Yachts under a recently announced collaboration between the two parties to develop a new sustainable fuel for luxury yachts. The yacht's fuel system and engines will be designed to run on fuels produced using the Company's bioMSAR™ Zero technology to combine CSO™ and other biofuels. '
This strongly suggest to me the yacht is going to be built from scratch and will take a good 6 months until it is completed.
So a brand new yacht will be built for the trial. Don't they take at least a year to be built ?
Willswag...Where did you get your £750k figure from ? An average cost of a yacht ?
Good news but more testing. It is positive news on our current projects that we need.
'If you start to think of it along those lines, you'll realise we're almost a 'start up', and the fact we're signing contracts with multi billion dollar partners, should be applauded not continually derided. '
A wise man would say ony applaud if these contracts are actually signed and not before.
MSC set to stretch lead at the top of the liner rankings :
https://splash247.com/msc-set-to-stretch-lead-at-the-top-of-the-liner-rankings/
I thought you wre referring to the start of the trial when you mentioned a delay. The Msc Fuel agreement was a guaranteed delay as this is what JM is good at.
'I don't actually think the SP will suffer today as most had excepted there was a delay and this confirms it.'
Barking...Which poart of the RNS confirms there is a delay ?
Good email 46G. JM is certainly the master of how to lose credibility.
My conclusion from the RNS is that it is not just legal teams causing the delay and that negotiations are still ongoing.
Quadrise Plc (AIM: QED), the supplier of innovative energy solutions for a cleaner planet, provides an update on its project with MSC Shipmanagement Limited of Cyprus ("MSC").
The Company previously announced on 18 March 2024 that entry of a binding agreement between Quadrise, MSC and Cargill in respect of the production of MSAR® and bioMSAR™ fuels for the Company's forthcoming vessel trials on board the MSC Leandra (the "Project Agreement") was expected by the end of Q1 2024. Quadrise continues to work with its project partners to seek to finalise the Project Agreement and will provide a further update upon the project and entry of the Project Agreement in due course.
Commenting on the update, Jason Miles, Chief Executive Officer of Quadrise, said:
"Continued efforts in respect of our project mean that we do not expect any material delay to the overall MSC vessel trial programme at this time. We remain in regular contact with our project stakeholders and Quadrise is focused on the delivery of the Project Agreement as soon as possible."
'Anyway we all want the same thing to return QED back to the days of before where the company generated healthy profits and shareholder returns! We will get there!'
Illuminate when did Quadrise generate healthy profits ?
Yes 46G. All going well with the trials if they first target 75 ships it will be wonderful.
Exhibit 9: Possible financial implications for Quadrise from different MSAR adoption
scenarios
Power market
Number of MSAR manufacturing units 8 40 80 200
Production capacity (HFO equivalents mtpa) 1.9 9.3 18.6 46.6
% global HFO market* 0.5% 2.3% 4.6% 11.6%
Revenues – licence model ($m) 63.3 316.7 633.4 1,583.6
EBITDA – licence model ($m) 15.9 79.4 158.8 397.1
Revenues – tolling model ($m) 122.1 610.6 1,221.1 3,052.9
EBITDA – tolling model ($m) 41.2 205.8 411.6 1,029.1
Capex – tolling model ($m) (53.5) (267.5) (535.0) (1,337.5)
Revenues – merchant model ($m) 419.2 2,095.9 4,191.8 10,479.4
EBITDA – merchant model ($m) 64.8 323.9 647.8 1,619.4
Capex – merchant model ($m) (68.1) (340.5) (681.0) (1,702.5)
Marine market
Number of vessels using MSAR 75 375 750 1,875
% global fleet 1.3% 6.3% 12.6% 31.5%
Revenues – licence model ($m) 99.7 498.6 997.1 2,492.8
EBITDA – licence model ($m) 17.1 85.5 171.0 427.5
Revenues – tolling model ($m) 153.2 766.1 1,532.1 3,830.3
EBITDA – tolling model ($m) 37.1 185.5 371.1 927.7
Capex – tolling model ($m) (53.5) (267.5) (535.0) (1,337.5)
Revenues – merchant model ($m) 419.2 2,095.9 4,191.8 10,479.4
EBITDA – merchant model ($m) 29.6 148.1 296.2 740.6
Capex – merchant model ($m) (68.1) (340.5) (681.0) (1,702.5)
46G...If you look at the Edison report there are some forecast figures.
Poin 2 should read :
2. Morocco - agreement for further trial at main site and commercial supply.
Currently we have the below discussions regarding Quadrise and it's potential clients :
1.MSC and Cargill fuel agreement Surely this is going to be announced soon as we have been expecting this since Decemeber and we are nearly in May.
2. Morocco - agreement for tfurther rial at main site and commercial supply.
3.South East Asia - finalising agreement for trial
4.Americas -finalising agreement for trial
Hopefully all these agreements are signed off in Q2. 46G can then start ordering his invitation cards.
Also $1.5m and not £1.5m.
Barking...They won't be issuing an RNS when the samples arrive. They never have before as it is not material.