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@Whathorn commenting on @whithorn was a bit of a giveaway .

@AKHM NO, it wasn’t aimed at you ….

Ah sorry I was referring to the AGM at the end of November

HF14 actually it’s 6 months since the AGM where he said that but still . It’s ridiculous. Why would he say that knowing the frustration around delays even then ?

it’s become increasingly worrying that peter felt it ok to stand up and talk about signatures in 8 weeks at the agm. were our partners bull****ting him ? was he naive? (yes, clearly).

all we can do is email them now ? it’s really maddening.

So is the next public meeting with the board at the start of October for the final results call ?

Is there any point calling for something before that ? What will they be able to say ? Has anyone who has written to them had any response whatsoever?

Well “things took longer” is obvious.

Peter also said at the AGM 6 months ago that he hoped to get the full agreements within 8 weeks . So there’s another perspective on what Peter said.

Now I’m not blaming Peter . He’s being given certain assurances and encouragements . Just like jason was no doubt .

Our partners, the other side of the agreements , are not as interested as we think they should be . They aren’t rushing and prioritising .

Let’s say I’m wrong about that and the red dot appears tomorrow morning . This triggers and uplift in the price.

We then go into the next phase of “how widely will it be adopted ? Can they ensure supply etc?” This will then put all eyes on what happens post trial and most importantly how quickly ?

Do we then fall into annother endless cycle of “news is imminent!!”

I’m guessing most of us will have sold a chunk or all of our holdings to have gotten a decent return . But for those who will remain invested , will we get a detailed Post Mortem on what actually caused these delays ? I think this is very important so we know what we are dealing with moving forward into commercialisation. Is such an examination likely ? Or will we be told that it’s still commercially sensitive?

What correspondence was that ? The last I heard was they were just replying that the started laid out was being adhered to and people are busy blah blah blah

It seems like the pessimists see the optimists as rampers and vice versa. Anyone’s optimism is understandably eroded by the delays . Peter’s optimism which he expressed in hoping for signatures in 8 weeks must now be of a different hue 6 months down the line from that statement. We are clearly not anyone’s priority . Had anyone expressed the reasonable opinion in December 2024 that in May 2026 it’s possible that the signatures wouldn’t be in hand would have been denounced as a shorter with an “agenda”.

Every day without that red dot plunges me deeper into what is starting to look like despair at ever succeeding in this share. But on we go . I have faith in the board , I don’t think they are the issue. Peter’s next public statement will be very very interesting…

Paraphrasing Peter “we do t have leverage” , “ we shave to be the annoying partner always pushing for progress “ and coupled with the slowness of ANY progress means that the partners aren’t in a great rush to get this over the line . That’s a stark reality and a scary one . Part of me wants a meeting to clear the air but the reality is there’s nothing they can reveal unless someone pulls out or whatever ? Jesus , this is so frustrating.

That’s my concern too . I said this last week. If a fund raise comes up with out the signatures , that will be a bad situation

HF14 it’s less to do with that and more I think that they own the whole operation . Their canteen probably employs 50 times the staff of Quadrise . There isn’t a comparison.

They are 79 BILLION EURO company with their own refineries and bunkers . Of course it happened quickly. No external agreements, everyone wanting to please the big paymaster . It’s ludicrous to compare but that won’t stop people on here doing it anyway

Well they are a one stop shop who’s market cap is 1400 times bigger than ours so there’s that.

ENI market cap 78 billion !

They have bunkering at two ports in Italy and so could service the Mediterranean and Adriatic for cruise ships which is a smaller division than cargo . Direct competition for us or a complementary option for a smaller division of the same huge company? It seems like they are self contained with bunkering etc already in house and so don’t have to collaborate with multiple partners .

It’s six months since he stood up at the AGM and said he hoped to get the signatures by the end of January. He also admitted we had no leverage. Signatures could come tomorrow. Equally the next AGM could be signature free. We have no way of knowing. Exit strategies are filling my mind unfortunately. I’m hoping for a happier ending . Come on Peter !!

46G is actually one of my other logins so it’ll be and old fashioned twos-up

Oh Patrica, take a chill pill and go out and enjoy the sun. I’m in the beer garden planning a new agenda . I’ll let you know next week all about it .