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I expect there will be surplus shares as for many shareholders this could be there 5th or 6th (I have lost count) open offer and with still no contracts they did not apply.

I expect our next news is the POC confirmation after we have received the samples from Utah which are due this month.

Lionel..you must be on more medication that Ozzy Osbourne.

i assume the clay and oil issue was expected and will be resolved.

Thanks.

Could you copy n the related post please.

What PE would you expect Indigo ?

What do you technically mean by piggy back off MSC? As for the share price I would estimate this would be over £1.

I am very confident the MSC project will end in commercial deals. I expect many other shipping companies to take up trials over the next 18 months with this resulting over 500 ships using MSAR in the future. By the way 500 ships under tolling is revenue of $1,361m and EBITDA of $330m.

To put the possible commercial outcome of the MSC project into prospective the latest edison report regarding marine under the tolling method shows that 75 ships gives a revenue of $153.2 and an EBITDA of $37.1. Jason mentioned 100 ships so if you pro-rata the figures from 75 to 100 ships this gives a revenue of $204.3 and EBITDA of $49.5m. Impressive numbers.

A very highly respected Investment company.

Good to see these small daily SP rises on no news. We could see 4p by the open offer deadline day so 2.7p will be a bargain.

As requested :
https://www.investormeetcompany.com/investor/meeting/update-meeting

The AJ Bell Q&A are now on their website. One of the questions was mentioned on the posts here this morning :

Q71: What assurance do you have that Greenfield have clients to absorb the production of MSAR from their site?

We are working with Greenfield on future sales outlets for MSAR and bioMSAR, one of which could be the marine sector as an IMO 0.5%S compliant MSAR.

MK stated we will be pleased with the name's of the institutions we now have on board. I assume they must have a very good reputation.When disclosed this could give the SP a slight lift.

Each of the 3 projects IMHO is worth an SP of 50p plus. I am confident all 3 will be successful. And then we have future BIOMSAR projects!

With no news I would expect the SP to drop to 2.7p which is the offer price.

Yes he does but it would be encouraging to see him make a more substantial personal purchase.

Mark Whittle has only applied for 129,629 shares in the placing and holds no existing shares.I feel rather embarrassed for him.

Mike Kirk, Chairman of Quadrise, commented:



"We are delighted to have received such strong support for the Placing. We are particularly pleased to welcome significant new institutional investors onto our register as the Company enters an exciting new phase. This is a significant endorsement of our strategy and team. Having demonstrated positive momentum in a number of key project areas, the funding provided by the Placing positions us favourably to capitalise on the exciting opportunities ahead for MSAR ® and our new renewable fuel, bioMSAR ™" .