Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
There will be many LTH's like Petergar who will certainly not be putting any more money in at the OO... why?
Well because QFI have not given them any incentive to do so, there's not KSA shaped carrot being dangled in front of their noses, and I don't blame them.. I may be a madman for doing it, but I am going to take it the OO... Why? Purely because I am a gambler and as of last week have some excess funds I can afford to pump into it...
In the meantime if I want to question the strategy of the company am I entitled to do so....? Answer: Yes
Spot on post Skipper.
Where are the angry shareholders?
Well I am one of them, that's for sure. But the bottom line is I am not selling, I got ripped apart on here for trying to suggest QFI changed their business development tactics, they seem to just want enough money to pay their salaries while they "explore opportunities"
I am fuming they are doing another Open Offer without even the hint of a contract on the way, normal shareholders like me feel the same way, however we are not part of a propaganda team so some have given up coming on here as they get drowned out by you lot
Salinger -we are "are one announcement away from where we`ve been trying to get to for years"
I have been in this stock for nearly 6 years and we haven't signed 1 contract.
Normal shareholder reaction = What the f are the board doing?
You and your propaganda mates = Good news is on the way, keep believing. Attack anyone with normal shareholder reaction.
Idiot? I think the only one on here in that category is you son, on you jog. I am not going anywhere
I'm resorting to personal attacks? 90% of your posts are targeted at other posters on here.. it tells me everything I need to know about you.
The band of propaganda posters on here is blatant...
NORMAL shareholders like me are actually fuming with QFI's terrible management and we're only holding on because there's no point in selling anymore, we still have a distant hope something might happen but have completely lost faith in the board.
The ones like you who keep ramping up our prospects are either part of the QFI PR team or you're on happy pills.
Either way I suggest you stop sniping at others opinions and come up with your own..
@Salinger It's funny how you think those who are critical of QFI cannot be LTH's... you're not the sharpest tool in the box are you?
If I wasn't a LTH I certainly wouldn't waste time reading and posting on QFI board..
And if I was a shorter, which I know nothing about, I would have already made a fortune on the ride down from 40P to 3.8P and wouldn't care less what the board is up to.
Either way, I see straight through your b*llocks... I would guess you're part of the rose tinted brigade funded by QFI to peddle ramping propaganda on hee as 90% of your posts are just reactionary to call critical poster "shorters"
how simple you are!
Well actually many on here told us they wont be doing another OO. I am reacting to "new" new..
The only thing to yawn is you kissing the boards a**ses at every opportunity despite the fact they've delivered 0 shareholder value and don't even give us a snippet of good news alongside their plans to further dilute
I note in this RNS, rather than saying they need additional funds to avoid "an orderly winding down of the company" they are now saying that unless they raise the funds "the Board would need to consider the viability and future of the business at that time"
Slightly different tone, same message. Not good news really as there will be more dilution with the Open Offer.
Market has reacted accordingly.
It seems that LTH's are almost obliged to invest more money to help QFI avoid the worst case scenario - effectively bailing them out for another year to "explore opportunities"!
When are these chumps going to actually sign a contract?!
As I have said all along they have a decent product (hence why I invested) but now what is blindingly obvious is they have 0 nous in actually selling it... how can a company operate for more than a decade without signing a contract??!
It is mental!
At least if you're going to ask for more money to operate tell us something positive/exciting eg close to signing something.
In the past we had at least KSA in the pipeline to get us excited... and we all jumped at the opportunity to buy more shares.. now it's just "exploring opportunities" with meaningless MOU's and MOA's..
"The accounts you're referring to Lionel are for 30th June 2018, we signed the MOU for the testing programme in November 2018, so I reiterate, we don't know how much it's bringing in yet"
Understood Foxm however I think it's fair to say that when QFI released the RNS a few weeks ago re-confirming they had sufficient funds only until early October that they had already priced in this revenue, so rationally I am assuming it's not going to be enough to change the fact they only have enough operating costs to keep afloat for around another 6 weeks.
Yawn.
@Skipper you sound pretty paranoid yourself.
I would suggest rather than posters consistently accusing eachother of ramping/de-ramping we just focus on the facts.
The big volume trades are going to come from Institutional Investors who, excuse my language, don't give a f:::k about us PI posters...
My prediction in the next 6 weeks...
If QFI finally sign a contract.. this is going to skyrocket.
If they don't, they will need to sell a stake in the company to survive .. as that's the only way I can see them getting funding to continue..
It is the flip of a coin for either scenario... hence why the shareprice is close to all time lows.
Fyoz regarding revenue from residual testing you do realize we are a publicly traded company with our finances on full display?
If you want to know what our most recently audited 12 month revenue it's quite easy to find... companies house or due dil have the financial reports
https://www.duedil.com/company/gb/05267512/quadrise-fuels-international-plc
For the ease of others its the grand total of £9k or put in another way 750pounds a month... The only contribution that's making is to the companies stationary supply..
Fyoz I certainly do not have any inside information and am only stating what we were told by QFI "Company has sufficient resources to continue to operate and advance its business development opportunities until early October 2019"
In other words the company have around 6 weeks worth left of money to stay afloat and need funding secured urgently.
Sorry what part of that is not true Fyoz?
Foxm this is how any rational, normal investor would view QFI's situation. The only ones who don't are the rose tinted bunch on here who label anyone (including long term holders) a 'shorter' just because we have become disillusioned by the boards failure to commercialize MSAR in 13 years.
In 13 years QFI have signed 0 clients. None.
In the past these agreements, MOU's, MOA's etc would push the share price up, but now investors have seen through this, wisened up and seen that these past agreements haven't actually got us a contract, and now the market reaction is flat when QFI's release yet again more RNS's with their MOU's to 'explore opportunities' etc etc...
We are now 6 weeks away from running out of cash with no clarity from the board on how funding will come so I don't see how QFI's situation can be described as anything other than "precarious'.
I think this RNS was mandatory Hugh in QFI’s defence
So here we are... after 15 years in business and with 0 clients to our name.... we have 8 weeks worth of money left before we have to wind down the company.
It is an ABSOLUTE SHAMBLES that with 8 weeks left, we are all still in the dark on how the board are planning to get more funds to stay in business. What professionally run business leaves it so late?
It's beyond belief that we are in this situation, quite frankly it's an embarrassment.
And before I get attacked by the rose tinted madmen who continue to defend the hapless execs at QFI, I would ask how anyone can even think to try and spin this into a positive, it really angers me that shareholders who have committed significant funds into this company have been let down by such poor mismanagement.
What would be truly pathetic is if we go out of business without ever having signed 1 commercial contract in 15 years. If that happens I would suggest MK and co don't even both preparing their CV's.. I think it would be best for them to simply retire.
I don’t think we should get our hopes up over a post by an individual investor on Twitter who has 400 followers and some dubious posts!
Hardly the most reputable source! Lol
@BOTAK ' For those that believe in the QFI story keep on throwing your dosh in the ring , MK & gang will keep scooping up the pennies ,off down the boozer for another 6 months, back to sing the same old song and same old dance for there gullible groupies .
No Probs for MK & Co they can still keep knocking them back @ the Fiddlers Inn ,Contract or No contract'
Funniest post I have read on these boards, although also sadly true.. I have been one of these gullible suckers myself, but I certainly won't be throwing another penny into this company to fund MK and gangs booze up sessions down the Fiddlers Inn!
Fyoz when you say 'But if we get one decent contract' surely even you can see this is a BIG if considering in 13 years they have managed to sign the grand sum of 0 contracts!
i totally agree it could 10 bag if it did... but it's a very, very big if!
LGO-fan the main issue with the RNS is that it reads that only now we are starting to look at raising funds...to be able to continue operating past early october.... talk about leaving it late!
To put more simply they have cash to last them for 10 weeks!!! It smacks of poor management, they told us that funding wasn't a problem... well it looks like they better pull their fingers out, pathetic and MK should definitely go, he's a liability
Let’s hope it’s not fundraising in the form of an “open offer” or placement.
I’m sure we’ll have no issue financing via other parties with the current positive developments ongoing
Hi Jack,
What I had meant is that the guardian article referenced didn't mention shipping pollution per se. But either way it is very concerning and hopefully world leaders will work together to take action!
Thank you for providing that information, very useful and positive too, great to reinforce the face we are invested in a company that reduces NOx emissions which can only be a good thing!
Have a great week all!