Member Info for Hotfinance14

From what i can gather from the IMC if all goes to plan the MSC Leandra should be in the Antwerp/Bruges area early July ready to take on our fuel and start the trial. Hopefully the drydocking is completed in Q2 before the trial starts .

The year end 2023 results have just been published.

https://www.londonstockexchange.com/news-article/TOM/results-for-the-year-ended-30-september-2023/16401010

A bonus if it comes off :

Q. Any update in relation to the Asian Refinery project?

A. We are finalising terms for the refinery refuelling trial and commercial supply and any further developments will be announced via RNS.

Fyoz..yes we are in a digital world but if you think lawyers and CEO's in Europe will be working over the easter holidays then you are in cukoo land.

'And they'd be correct. Tomorrow is a working day in the US'

How does that help when the UK and Switzerland both have easter bank holidays ? It's like telling a local football team we have a game tomorrow but only one team is turning up.

I find it shocking that the open offer document states Q1 and the Edison report H124 when the BOD are involved in both documents. Does note bode well for those still considering the open offer take up.

Thanks Blackwash.Much appreciated.

Pharaoh...Can you possibly list the four outstanding contracts and why 9th April for a possible RNS ? Why not 2nd April ?

I very much doubt it will be signed in front of the media.It is only a trial on one ship.

If it gets signed this week i will be totally astonished. I get the impression he said he expected it to be signed in Q1 as he needs to be consistent with what was stated in the open offer document.

The Dali was chartered by Maersk :

https://www.reuters.com/world/us/ship-that-collided-with-baltimore-bridge-was-chartered-by-maersk-2024-03-26/

Wonga...asbsolutely no progress at all regarding Valkor then. The Valkor driiling permits approval is becoming a bit of a joke.

Did they mention the Valkor drilling permits and if so i am guessing they are imminent ?

I only managed to get on the IMC for the last 10 mins. From the posts below it seems delays delays and I gather he said the MSC fuel agreement still expected in Q1. Astonishing.

'was hoping the RNS would be today, but fully expected it not to be and wasn't disappointed to find there wasn't one.'

Why was you not disappointed Vince ? I was for sure.JM will still be happy as larry on the IMC.

'The speculators are out!

H1 could be 2nd April. Not long to wait'

Your speculating and as for 2nd April...no chance IMHO.

Well it certainly looks like we have now missed the expected fuel agreement to be completed in Q1. Not exactly encouraging for the open offer take up. No doubt at the IMC we will be told....in the coming weeks.

Vince...it is guaranteed.

Illuminate..you must have missed that article in Forbes that stated a good CEO is not one that bangs on what they envisage in the future but one that gets things done.

I am sure JM stated the trials are revenue producing as in MSC will be paying for the fuel.