Member Info for Hotfinance14

'Buckets more patience required'

We don't have time for buckets more patience as funds are running low.

From the interims :

The Group held cash and cash equivalents of approximately £2.6 million as at 31 December 2022 (31 December 2021: £5.6 million), The Directors acknowledge that this cash balance is not sufficient to cover the Group's operating requirements through the 12-month outlook period and that further funding will be required. In common with many development stage companies, these conditions indicate the existence of material uncertainty regarding the Group's and Company's ability to continue as a going concern. However, directors are confident that additional funding can be secured based on the expected passing of project milestones, and these accounts are, accordingly, presented on a going concern basis.

The key part is 'based on the expected passing of project milestones'. The BOD need to get their act together sharpish and I have told the chairman this as others have also.

It has just been confirmed the meeting on 12th June will not be live streamed.

Thanks.Just seen your post so 12th June it is unless rescheduled again.

The meeting still seems to be going ahead today but what will be said who knows.

MSC Leandra has just left Hong Kong and is on her way to Yantian arriving tomorrow morning.

"Heavy Sweet Oil, LLC and AC Oil, LLC, Hoodoo Mining & Production Company, LLC,

and the Utah Division of Oil, Gas and Mining, by and through their undersigned respective counsel, and pursuant to Utah Admin. Code R641-105-300, hereby respectfully requests the Utah Board of Oil, Gas and Mining (the “Board”) to continue the hearing in the captioned cause from May 24, 2023 to a special hearing date of June 12, 2023 at 9:00 a.m. to be held in the Board Room of the Utah Department of Environmental Quality. Good cause for the requested continuance

Crownos..I thought Quadrise had mentioned local customers to Utah for revenues.

I expect the answer to all those questions will all be the same....that they have no idea.

It looks like the SP is heading for an all time low and this time surely the BOD cannot blame the markets. It is all down to the CEO as he is accountable for the company performance which has been dire.

Not only has this incompetence caused a delay it will have doubled up on the costs of flight,hotels and all other expenses. A BIG disaster..

'Anyone know how often are their production runs? RNS says the trial will complete on their next run.'

When they expected the trial to start in Q1 it didn't start until May so I would estimate 3 months.

'Why would they not have taken spare parts for absolutely everything??'

Total lack of contingency planning.

No doubt a certain taptalk poster will post later dressing the RNS up as a positive.

We could be waiting 3 or 4 months until the restart of the trial as we all know we have to wait for a new campaign production run at the client site.

Totally agree 46G. This could have a massive negative impact on funding.

Lucky Vince has taken a long break from the forum as he would be going ballsitic today.

Absolutely shocking. They just can't get anything right.

MSC Leandra has just left Shangai and is on her way to Hong Kong ETA 24th May 2023. I assume she is now back into normal commercial service.

MSC sets sights on ammonia dual-fuel ships:

https://splash247.com/msc-sets-sights-on-ammonia-dual-fuel-ships/