Member Info for Hotfinance14

I wonder what happened to the Asia refinery trial.JM told us over 6 months ago it was in the final discussions. stage.

46G..Only 12 working days before the day of the AGM.

Great posts Vince and spot on.

And since the last AGM Quarise has blown away over £2.5m of investors money.

Only 14 working days before the day of the AGM. and still no material news announced by Quadrise on any projects since last years AGM. A dire performance and it looks like the theme music when entering the AGM meeting room will be Dire Straits Moiney for nothing.

JM comment in the annual report :

The pending agreement with MSC and Cargill will formally kick off activities at the MAC² terminal during Q4 2024, to prepare for fuel supply to the MSC vessel trial from Q1 2025 onward followed by commercial supply upon success. Our team is also preparing to complete the OCP commercial trial in Morocco in early Q4 and has commenced discussions with candidate suppliers for long-term commercial MSAR® supply upon success. Heavy sweet oil from the Valkor projects in Utah has commenced production, with the State of Utah approving Valkor's plans for future drilling. Conclusion of the MSAR® site license and planned equipment delivery to Valkor in Utah is therefore expected, pending successful resolution of eagerly awaited project financing by Valkor.'

The FY24 annual report is now available on the website

Good to see no significant increase in director salaries.

AGM only 4 weeks away to the day.

'Not forgetting the religious holidays as an excuse many months ago'

That was a classic Barking. Two days before Easter and the end of Q1 JM stated they still expected the MSC fuel agreement to be signed in Q1 then a few weeks later we were told it was delayed due to religious holidays!!!!

'I believe Jason has stated that we will be updated at the end of the trial and not the start which is unfortunate.'

JackG ..100% correct. The start of the trial is not RNSable as stated by one poster.

'Yes sometimes you do have to wonder what they are doing on a daily basis. MSC is in theory zero man hours now. Morocco, again nothing to do but wait for trial commencement'

Tuckman ..How do you know that the Morocco trial has not started yet ?

I hope team Quadrise did not over do it on the brandy and custard creams today. There is work to be done.

Barking..In the same RNS they state :

'Preparations for a 30-day commercial trial at OCP's Jorf Lasfar site are now underway and in parallel Quadrise has opened discussions with candidate suppliers for long-term commercial MSAR® supply with a view to signing term supply agreements following successful trial completion.'

Happy Anniversary to Quadrise as today is exactly 20 years since the company was incorporated. Will the team be on the brandy and custard creams today celebrating their success.

As 46G stated it is excactly a month until the AGM. If there is no project news before the AGM will the AGM theme song as you enter the meeting room be Dire Straits Money for nothing :

https://www.youtube.com/watch?v=wTP2RUD_cL0

I look at it from another viewpoint. His been to many of these conferences for over 10 years and this is where we are.

JM went all the way to Singapore for a conference.That would not be cheap.Good lord.

The 1 trade is a broker balacing it's books. It means nothing.

Barking...He has been up all night looking for the sell trade of 1 share!!!!

Vince..I didn't bother defending myself about the email as I can't be bothered with drama. If you wanted a copy of the email and gave me an email address I would of forwarded it. The only person that asked was 46G.Matter closed.Let's move on and make sure you have that brandy and custard cream ol boy.

Have a brandy and a custard cream Vince,

Vince you are reading too much into things. I think you should just relax and have a custard cream.