In fairness Mikes pay isn't dictated by Mike, there is a board that would decide whether or not to repay him, also Mike volunteered to reduce his pay, he didn't have too. I don't believe any one of us would be happy working on reduced salary, the bills don't get reduced as a result of reduced salary.
This have moved on from discussions with the major about a refinery to the "specific refinery", this is a new MOA and a massive move in the right direction. We now have a potential counterparty to supply MSAR
Boyporche, you need to be specific about what would make you happy, obviously getting BC to run down Bognor high street naked is in the not too distant future whereas £20 a share will take a little longer Personally at £1 per share, I will gladly join BC in the high street
RE: Article in today’s Times on Shipping Pollution15 Jul 2019 22:41
Lionel, all the answers are on the QFI website. As the oil phase is pre-atomised within MSAR® to very small sizes (5-10microns) compared with atomised HFO droplets (100 microns), this increased surface area enables essentially complete combustion, leaving virtually no carbon particulates in the exhaust gases. The inherent water within MSAR® also reduces the temperature of combustion, which reduces NOx emissions significantly.
Lionel, I too have been here allot of years like yourself. I drew a line under past events when QFI undertook a strategic review. Since the strategic review QFI now have many irons in the fire, the partners that we now have on board are worth tens of billions of dollars and they want a few more billions hence they have partnered with QFI. There is still massive risk investing here but at these current prices it has to be a no brainer. AIMHO
When the contract announcement comes at 7am, within the next 3 months, the Market Makers will price the news in before trading opens at 0800. That pricing is likely to be at least 100% 0f the previous days closing price. IMHO
Wasnt it Cepsa not wanting to wait for the saudi electric and oil company to resolve a dispute the reason for the trial not going ahead. The Saudi dispute has been put to bed, we now need a MSAR fuel manufacturer and with MSAR there is a clear path for the trial to take place.
Look on google earth Cepsa San Roque, you can get the position of the MMU at San Roque from the BBTC report on QFI Media section. Google Earth is dated in 2018 and the MMU and associated equipment is no longer in situ.
pcjoe Given the storage at Cepsa for MSAR is currently limited to 14000 tonnes approx.-, the jetty for MSAR delivery is for bunkering vessels, small ship berth. I also believed it would be Cepsa producing the fuel but more likely the MMU from Cepsa has been shipped to KSA as this makes more sense and fits with the recent fuel production system commissioning. Half year report should be out on Monday if we don't get anything before and maybe we will find out. GLA
In short, all will become clear once contracts are signed and we can reveal more details. However, key thing to hang on to is that we will be ready to start production in Q1 in line with the timetable previously outlined.
So Q1 for fuel production to start in line with current timetable, contracts have to be signed for this to be achieved. Its pretty much s..t or bust, if there are delays the money will run out.