RE: Quadrise Upbeat on 2023 Progress29 Mar 2023 17:22
It's the same old mantra I'm afraid Wonga.
This from the update March 2021...
"Work on this industrial-scale trial is progressing, with the new pumping and heating unit fabricated and ready for shipment. The required ~60mt of MSAR® fuel is to be manufactured by a third party and sent directly to site. The trial is scheduled to be completed as early as possible in H1 2021 along with the phase 2 feasibility study. QFI will be paid £100,000 for the industrial trial and phase 2 study under existing agreements with the client.
· Following the successful conclusion of the industrial trial, the plan is to complete the commercial trial at Site A, which is the major fuel oil consumer, by early/mid H2 2021. Assuming the successful conclusion of these trials, the intention would then be to conclude a commercial supply agreement covering one or more of the client's sites in Morocco before calendar year (2021!!!) end."
I fear nothing will change until there is a serious threat to the BOD's generous salaries continuing without evidence of succesful commercial results!