Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. Watch the video here.
? A first tranche of 3 million warrants will be awarded upon signature, by no later than 30 June 2022, of the updated Material Transfer & Cooperation Agreement between Quadrise and the client in Morocco. On vesting, these warrants may be exercised at any time until 5 March 2023, at which point they will expire.
As a result, and pursuant to the Morocco Representation Agreement (as amended) between the Company and Younes Maamar (the "Consultant"), the Company has now issued 3 million warrants to subscribe for new ordinary shares in the Company to the Consultant (the "Warrants"). The Warrants are exercisable at any time until 5 March 2023 at a price of 1.797 pence per new ordinary share.
So given todays price, unless something dramatic happens he isn't going to be rewarded by purchasing these shares, so 2 months to get the share price up or Younnes has worked for nought.
Jason did say that they the bod. Do read these boards, let the have it.
Manu19, I don’t think they are back in office after Christmas as yet
Hi 46G
Thanks but I have already E-mailed IR the this morning with regard to the financial matter and also to ask why Mathew Bridgeman's post hasn't been filled, and with regard to the Morocco fuel, whether or not it has been released from customs, a few other queries also.
Any reply I will gladly share
The earliest we could possibly see any revenues is now 2h of this year, there are not yet any foundations for that, the board need to seriously consider reduced wages to get us to revenues as promised before further dilution
Last known port call for Leandra, so based on this Mid March is the earliest point for dry dock ATM
? MON 13TH MAR 2023 12:00 ? MON 13TH MAR 2023 12:00 IAS - INDIA AFRICA SERVICE
See Tomco RNS this morning, doesn’t look like our Utah hopes are going to come to much, all on Morocco atm, fingers crossed the trial all went well
To clarify dry docking schedule taken from AGM IMC Nov 2022
Q10: Given the current progression through Q4 2022, are we now behind schedule to start the LoNO with MSC in Q1 2023?
The vessel has been inspected, and the MSAR booster system is in good condition. The vessel is scheduled to go into dry dock at the end of the year for a routine check. We are still working to finalise agreements for fuel supply, to commence Proof of Concept trials in Q1 2023, but cannot be more definitive on the PoC start date until these agreements are finalised.
In an ideal world, fuel production would be up and running for Morocco, which would in turn M/F fuel for the marine programme. The POC fuel for Maersk was M/F in Lithuania and railroaded for bunkering, the PoC only requires 1000t of each fuel with no guarantees of future production, so getting a refiner to sign up is proving difficult.
The wait now is on MSC Leandra's drydocking which doesn.t seem to be happening as planned, so until she is dry docked and her new route and schedule disclosed, Quadrise are unable to nail down a fuel supplier.
Steve Byle spoke quite a few times about Utah supplying the fuel for the trials, seems a little far fetched but time will tell.
Edison note,
based on data from the company, our scenario analysis calculates that even modest adoption of MSAR could generate material revenues and take the company to sustainable profitability. For example, adoption across only 8% of MSC’s global fleet could generate around $106m in licence revenues and require minimal capex.
To get to next Christmas the BoD have to come up with a Baldrick style of cunning plan to raise funds, any significant commercial revenues inside the next six months are virtually impossible with the speed that our clients move at.
We had pictures paraded on Twitter and LinkedIn of the batch of fuel destined for wartsilla, no pics of the Morocco batch, no clues of where it was made either. Oasis springs to mind
Don't you also need twice as much methanol to displace fossil fuels, puts the comparative price of methanol at over $5000 dollars per M/T, who the hell would want to pay that kind of fuel surcharge, these methanol ships are multi- fuel, probably never see a single drop of methanol, Maersk full of ****
Just a short time ago, Jason gave his rendition of the II withdraw at the AGM, I hope he reads your post Vince, he’s probably on his Christmas vacation somewhere in the Caribbean.
The unfortunate answer is that no matter what the costs are to transport goods by sea or make fertiliser in kilns, the costs are put on the customer’s. Any incurance of penalties from using dirty fuel is passed to the customers. Profit margins are massive and remain no matter what.
The only way things will move at pace is if there is a ban on the dirtier fuels.
Aimho
The job application which now turns out was for a replacement for Mathew was out around 6 to 8 weeks ago, there would have been no reason not to disclose mathew's departure during the AGM, removes any need for speculation, why they chose to keep it under wraps is anyones guess. looks like he's been in his new role for a month already. As the payers of their wages it's the least they could do to keep us updated and give some reasoning
The trial is in two parts, Msar and Bio-Msar, part one should have been finalised by now as the fuel was being delivered in October and doesn't like hanging around, 4 hours and all will become clear.
Is the AGM being streamed this year, it was last year
First opportunity for anyone associated with the IBIA conference in Houston yesterday to buy shares. Nice to know what was said, Jason alongside CEO of Maersk oil trading, could be interesting
So We get a refinery to just randomly knock up in excess 100,000 tonnes of fuel for the MSC trial with no further commitment from any of the parties. ?