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I expected the debt to have lowered much more otherwise good update.

Haggis.

Crownos..Interesting that you state what JM says at a Q&A should be taken as a pinch of salt. I agree and that is one big negative with the CEO of our company.

JM has always stated it takes 2 weeks to complete the trial. One week for the preparation and one week to actually trial the fuels. The prep work wasd done prior to October.

Crownos...the prep for the trial had been completed so it would only take one week to complete the trial in October. JM stated previously when the trialk is completed they would inform the market shortly afterwards. We can talk about this all day with our different interpretatioins. Let's see if we get news in the next 2 weeks.

Well early October has far gone and if it had been completed then I am sure we would have had an RNS by now.

Cownos :

The trial with our customer in Morocco is anticipated to resume in early October 2023 after a series of technical delays caused by feed pump problems, with commercial discussions then to take place following confirmation of a successful trial.

In my book the statement of early October superceeds in October.Otherwise why state early October. If it is not completed in October I would say it is game over with Morocco.

From the Final results :

Morocco :

The trial with our customer in Morocco is anticipated to resume in early October 2023 after a series of technical delays caused by feed pump problems, with commercial discussions then to take place following confirmation of a successful trial.

MISSED

Utah

Once technical approval is received (expected by Valkor to be in early October 2023), Valkor plan to commence pilot drilling at the PPS in October 2023 and in parallel submit Underground Injection Control permit applications for the subsequent injection of steam for enhanced heavy oil recovery.

This is related to the drilling permits - MISSED. (No news on Valkor website)

'Spincheque, our Aim Influencer, must have the same calendar as Jason, 45 days in October!'

We also have some very long weekends coming up with his days figures.

We were told the Utah drilling permits approval would now be early October instead of early September. Early October has gone and no mention of the approval on the Valkow website. Looks like a further delay and I wonder why.

That should read 'positive cash generative' ie profit greater than monthly costs.

Nej..Where do you get your over 50m per year income from Morocco from ? I recall we were told a few years ago Morocco would not be enough profit to be cash generatrive.

Hopefully that is the case AKHM as a an RNS stating the trial was a sucess should increase the SP by over 100% IMHO.

Very impressive figures by MSC (Ebit 3 times that of Amazon!!) :

https://splash247.com/mscs-financial-results-leaked/

46G...That report was published months ago and posted on here.Am i missing something ?

JackG...We were told exactly the same thing regarding the MSC trrial fuel permits on the proactive interview mid June so there appears to be no material progress regarding this but we have about £0.75m less cash at the monthly burn rate.

The SP now needs a 90% rise to get back to the open offer price. The silence continues.

'We have Morocco trial this month, but MSC isn't even starting until Q1 2024 so we are a long way from these pointless doom and gloom scenarios.'

Morocco is only EXPECTED to be this month.

MSC - Q124 is only 10 weeks away and we do not even have a fuel agreement yet.

Your a brave man. Let's hope you make a fortune.

Mbleu....you sound like one of those fantasy world investors that does not like hearing reality and wants to read posts like....this is going to fly.

AKHM...What is your view if no there is no positive news begfore the AGM ?