Member Info for Jakito

Don't be ridiculous, are Valkor and Petroteq scams too then?

It's a test facility, the first of its kind, they're trying to perfect a process and raise hundreds of millions of dollars financing to build multiple full scale plants and unlock billions of barrels worth of oil sands across the US. All parties involved need to make sure the plant is robustly designed. The prize is huge, investors need to keep their eyes on that.

I understand the feelings of those who have been here for years and watched the share price decline and suffered through progressively lower fundraises. If you've held through all that then why not give the company another couple of months to finally prove the process and prove that you made the right decision to invest in the first place.

DIamond hands and all that.

ATB

Thanks for this info Rewhbe,

Can you direct me to the video you have mentioned which highlights the clay issue, I've watched the most recent proactive video from Tomco and there is no mention of this, they seem to be optimising the plant towards 500bpd as planned and mention various process improvements which may relate to your proposed issue but nothing specific around clay, is this just a theory?

I assumed that the current delay is in relation to completing the third-party verification of the FEED study to ensure it is suitable to obtain financing for the first full scale plant.

Cheers

Anyone still waiting for their shares? If so which brokers?

Cheers

Hi Waza,

Are your shares now tradeable? were they tradeable as soon as they were there this morning?

Cheers

Hi Gaf,

You may well get your buy in at 2.5p, but it's equally likely that you won't.

Yes the fundraising is dilutive, but it's also a show of support from "significant new institutional investors" and it's funding aimed at taking the company to revenues, where there was bankruptcy risk before there is now confidence that Quadrise succeed in executing their plan.

Plenty of IPO's don't drop loads, in fact the current trend seems to be 100%+ gain on IPO price on day 1.

As a comparison, AFC Energy (pre-revenue, small-cap AIM company) raised via a placing and a smaller open offer to shareholders last summer at 16p (which was much more of a discount at circa 25%), a few weeks later the price was 23p, it then dropped back to a low of 17p but never to 16p or below again. Within 6 months the SP was 80p+. Since dropped bac from there but my point is that we may never see prices below 2.7p again, its a gamble waiting for lower prices, and for me not worth the risk when a decent announcement could cause a significant re-rating here.

Also in Pertroteq and Tomco now, so yes, fingers crossed things pay off over there!

Back to QFI, we've already had some great news this year imho with the MSC partnership being announced and even without anything further (Morocco, Utah, Saudi?) all that needs to happen is for this to progress as planned and the SP will be multiples of where we are now by the this time next year. And long term holders will thoroughly deserve the gains.

Excited to hear progress from the company on Monday, get your questions in folks.

ATB

If indeed Valkor is transferring the work order to Greenfield and they continue to operate the plant going forward does this result in the share of revenues from the POSP flowing to Tomco?

What maximum capacity does the POSP have? I understand they're aiming for 500 bpd currently.

FEED study will be released Q1 as per Annual Report following third-party verification - so only a few weeks wait.

Buying pressure will only be back once this is out imho, and an indication given of when financing can be obtained and on what terms.

This makes sense Salinger, my comments were based on following the chat on the Tomco board, an email from the Tomco CEO about a month ago stated:

“This is John's email to me on 2/2/2021.
'we have always said the samples will be sent once the plant is optimised. We said in the interview last week, this is still being worked through but should be completed in the next week or so. However, we are not rushing the process just to get the samples to QFI.“

So definitely shouldn’t be long now!

Greenfield still focused on production ramp-up and FEED report completion (due Q1) and likely don't need further distractions currently, should be sent later this month, I expect, once they have reached target production at the POSP.

Frustrating, but won't really make a difference in the long run.

Really great news.

Fully subscribed placing, new II's on board, this will set a solid floor at 2.7, and will encourage new investors who were concerned around the cash runway to buy in. Was starting to be concerned that we may drift back down to 2p but it really is onwards and upwards now imho.

Personally planning to request maximum allowance through the open offer as I don't se us dropping back now. might sell these extras when we get to the "Quad-rise" point (thanks colins), but wont be touching my core holding for years I suspect as this could truly be a life changer if they manage to pull off even half of what I expect they will.

ATB Longs, very good year ahead for us all (finally).

This is great news.

Takes away uncertainty, and should fund us through to revenues, no discount at all really.

Good morning all,

Have decided to dip my toes in here after some limited research, long time QFI holder which has led me this way.

£7m market cap seems ridiculous given the potential here, I understand we're all waiting on the FEED study due in Q1. WOuld be very interested in any research/data other posters have done on potential income from the initial 10000 bpd facility.

Cheers

Well we made it, congrats to all those calling for it. Hopefully will hold today.

Genuinely positive for the rest of the year.

Quick review and I'm actually feeling quite positive, maximum allowable divi is all that we could ask for, with scope to increase this substantially going forward, BOE rates rise will eventually kick in and boost margins on massive mortgage loan book.

Very strong CET ratio.

They still made £1.2 Billion profit, in 2020!

Good to see QFI using Twitter more frequently for promotion.

https://twitter.com/QFIPLC/status/1363846311473254400?s=20

Quadrise Fuels International PLC
@QFIPLC
·
18h
Did you know that bioMSAR™ is a viable diesel engine fuel? Our initial research with @Aquafuel showed that #bioMSAR achieved a 20-25% NOx reduction and no loss of efficiency compared to diesel. Find out what this means for future testing, Below #QFI #Shipping

https://www.proactiveinvestors.co.uk/companies/news/939984/quadrise-fuels-international-testing-confirms-biomsar-as-a-viable-diesel-engine-fuel-939984.html

no worries, will have a look, or wait to hear from LTI! Cheers

SP flying now, missed the low today but got back in at 37.4 hopefully for another run up ahead of results...

Falkland,

Have you run the numbers on this? what does the max allowable divi come out as? appreciate you can only use the Q3 results as a gauge...

If Greenfield can produce HFO/MSAR at their targeted $25/bbl with bunker fuel(HFO or VLSFO) ranging from $50-$70 that seems to be a very healthy margin currently.

A margin for which Quadrise will no doubt be seeking their fair share.

Looking forward to reading the completed Tomco FEED study and to finally get the testing underway.

Hi Wonga,

The original pre-FEED report announcement detailed that they were targeting an even lower cost per barrel:

"estimated to be below US$30/bbl, with the ultimate target of being less than US$25/bbl in the next round of design through heat recovery and various process optimisations"

This is very promising, unlikely to factor in any sand benefit however, I think the main benefit is that as the sand is clean there is little expense in disposing of it as opposed to dirty "oiled" sand in other processes.

Have sent TOMCO an email today on various points but have added the clean sand benefit question in also, will report back when I get a response.

A big difference. IMHO