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So, 15 months of sea trials with MSC, whilst Shell
keep a watching brief from the engine rooms right up to the boardroom of QFI.

Then what?

Nouryon Agreement :

"Quadrise Fuels International plc (AIM: QFI) is pleased to announce it has entered into an Exclusive Global Collaboration and Emulsifiers Sales Agreement ("Agreement") with Nouryon for the exclusive global collaboration and supply of goods and services for future MSAR® projects. The Agreement will run for three years to October 2022."

The interim LONO has not proved itself worth the paper it was written on.
Now we're having to start the 4000 hrs sea trials again from scratch on basically the same Wartsiler engine.

It was cut short because MAERSK decided that, due to MSAR testing over 5% Sulphur, they were not going to install scrubbers throughout their fleet to comply with the imminent change in emissions regulations, but use VLSF instead.

Nothing whatsoever to do with any accident.

And they kept all the data for themselves.

On 27th September 2011 QFI announced:
"Quadrise is pleased to announce the closing of contracts to commence sea trials of Marine MSAR®, moving the Company a step closer to commercialisation."

And in last month's investors presentation Mike Kirk said that QFI had, after almost a decade, finally given up the ghost trying to recover the data from those sea trials which, although entirely positive, failed to achieve a LONO for the commercial rollout of MSAR.

Call it what you want, I perceive the situation as a MAERSK victory. As their lawyers probably did too.

You're missing something.

"The BOD are obliged to act with due skill care and dilligence and act in the collective interests of the shareholders."

You are either very very naive or extremely righteous.
AIM is the Wild West of investing. I could name at least a dozen shares where the directors have sold out leaving shareholders with nothing to show for, sometimes decades, of loyal following.
It is, however, against LSE rules to do so.

And the IP, well that was all handed to MAERSK on a plate and they kept all the data from those sea trials; QFI got nothing from them.

Sorry, doesn't do it for me.

LAURIE MUTCH

urie is a management consultant
to multi-national organisations.
He had 25 years’ experience in
the energy industry with the
Royal Dutch/Shell Group where
he sat on the Board of Shell International Gas & Power,
as Executive Director for business development in the
Eastern Hemisphere. From 1994 to 1996, he was the Finance
Director in Shell International Gas, and a senior adviser
to the International Energy Agency. Prior roles include
senior management positions in Shell’s Coal and Chemical
Divisions. During his last two years of service he was Group
Chief Information Officer. Laurie holds a BSc in Mathematics
& Physics and an MSc in Astrophysics. He is chairman of the
QFI Audit and Funding committees and a member of the
Compensation and Nominations committees.

PHILIP SNAITH

Philip has spent more than 35 years
with the Royal Dutch Shell Group
in senior executive positions,
latterly as General Manager of Shell
International Trading & Shipping
Company Limited in London. Between 2004 and 2008,
Philip spent four years in Singapore as President of Shell
International Eastern Trading Company – with responsibility
for the Asia-Pacific trading portfolio. Concurrent with this
executive position, he was a non-executive director of Shell
Eastern Trading Company (Pte) Ltd, with annual revenues
of around US$55 billion, and was also Chairman of both
Shell Tankers Singapore (Pte) Ltd and Shell International
Shipping Services (Pte) Ltd. Philip holds an MBA from
Cranfield University, a BSc (Physics) from Imperial College
and a Diploma in Marketing (Dip.M) from the UK Chartered
Institute of Marketing. Philip is a member of the QFI Audit
committee, and Chairman of the Compensation and
Nominations committees.

Real Investors here, who haven't researched the board of directors for QFI could do worse than peruse the CVs of Philip Snaith and Laurie Mutch.
Over 60 years between the two of them working for Royal Dutch Shell in various capacities.
Now they sit on the board of QFI taking just £48K salaries each, compared to £270K for Jason Miles and similar for Mike Kirk.
What for?

Well MSC have just invited RDS to the sea trials party and it is time to join the dots.

Snaith and Mutch return to RDS or retire.
Miles becomes head of RDS emulsified fuels sector.
Kirk gets some kind of Sweetheart deal and carries on with Portsmouth Water and VIVID homes chairmanship.

LTHs here end up with peanuts.

Same old story, same old song.
Welcome to AIM!!!

Kees Dekker!

From the CEY bb Mr Tibbles apparently had a reply from the geologist saying

,"As I read it, the production downgrade is due to encountering an unexpected structure that has offset the mineralisation in a particular area. Without illustrations it is difficult to understand the exact problem. Even with the quoted offsets of 17 m and 37 m one would expect management to quickly cope with this and the mine having flexibility to draw ore from other areas while they develop to accommodate the mineralisation displacement."

Which is encouraging.

From Wikipedia:

"Royal Dutch Shell plc, commonly known as Shell, is a British-Dutch[3] multinational oil and gas company headquartered in The Hague, Netherlands, and incorporated in the United Kingdom as a public limited company.[4][5] It is one of the oil and gas "supermajors" and, measured by 2020 revenues, the fifth-largest company in the world, the largest based in Europe, and the largest not based in either China or the United States."

Soulac
My research shows that have interests in 4 refineries in the US, yet own none.

Whatever is going on between MSC, Shell and QFI, if anything, is unknown.
However speculation that TomCo have sent samples to Shell from Utah is far fetched IMO .
Shell oil is neither a US Oil major, neither does it own any refineries there, as described in the TomCo RNS.

From Wikipedia:

"Royal Dutch Shell plc, commonly known as Shell, is a British-Dutch[3] multinational oil and gas company headquartered in The Hague, Netherlands, and incorporated in the United Kingdom as a public limited company.[4][5] It is one of the oil and gas "supermajors" and, measured by 2020 revenues, the fifth-largest company in the world, the largest based in Europe, and the largest not based in either China or the United States."

"A large oil refinery owned by a major US oil company"

That would not be an accurate description of Shell.

m.economics com: 19/07/21

"Platinum price surrendered to the stability of the key resistance 1036.00, to notice the beginning of forming bearish waves, achieving the first target at 1090.00.

The major indicators continue to provide the negative momentum, to increase the chances of targeting many negative stations, waiting to reach 1035.00 and 980.00 levels.

The expected trading range for today is between 1015.00 and 1050.00

The expected trend for today: Bearish"

In July last year this went from 3.45 to 4.54p through results.
Completely different story.

GetReal, why don't you?
The longer they make you wait for results, the worse they always are, especially after a 25% hit in the SP.
There are no riots close to JLP operations. You are just in denial.
Wait and see.