Member Info for sn88

Apologies if this has already been posted but found the Q&A from this week with Peter for the UK Chamber of Shipping: https://www.ukchamberofshipping.com/news/member-insights-qa-quadrise

Q3. For those less familiar with Quadrise, how would you describe the company’s role in supporting shipping’s decarbonisation journey, especially in the transitional fuels space?

There has been significant investment and courage across shipping to find the next dream fuel, be it methanol or ammonia or nuclear, which is both important and necessary. However, these solutions are not yet widely available or commercially viable at scale in the imminent future.

Shipping has always been commercially driven, and over the past decade, we have already seen improvements in vessel design, operational efficiency, and technologies such as slow steaming, which reduce both fuel consumption and emissions.

Quadrise sits within that immediate, practical space. Our fuels can be used with existing infrastructure, deliver cost savings, and reduce emissions. They are part of a broader toolkit available to shipowners today, rather than something that depends on future infrastructure.

The challenge is that we need to convince the client, the shipowner to use this new fuel and the refineries to give us their residues on a large enough scale, and we are on a path to doing just that.

HF14, you're saying it like they're spending the week walking around the Parthenon and partying. The difference between them being in Athens for the week or London is 3 return flights, 3 hotel rooms for 4 nights and a couple of dinners. The negligible cost of that when being alongside shippers from around the world for a week is invaluable. Do you think multi-million £ contracts are progressed and completed with everyone sat in front of their laptops chained to their desks?

I did notice that Peter liked a comment on the QED LinkedIn post stating that team members would be in Athens - "Be nice if they come away with a signed contract from this event. No pressure!!"

It's funny to me that the suggestion for the hold up in trial signing/conclusion is the Iran war and MSC firefighting. Just our luck that we're dealing with a group that employs over 200,000 people and we're stuck with the 2 from MSC that sign off on trials and also resolve global conflicts

Sent an email on the 11th to IR and a follow up on the 19th, neither have been replied to

Yorkie, 8 weeks isn't particularly long but then that's 8 weeks on top of the 5 months banked from the IMC in October '25 when we were told progress was imminent and that's a further 11 months on from the Nov'24 RNS when the company told us the trial would commence in Q1 '25.

Not wishing to stir the pot but you can see/understand why some investors are getting tetchy

I've just seen that they've copied my message in here onto the comments of the latest linkedin post. I'm clearly not this Alan fella, not that one could prove it either way but I'm slightly more computer literate to not copy my response to Vince into the linkedin post!

Excuse my language but what the F are you talking about FishPie?

Vince, I asked the Morocco question in an email to IR on Monday (not received a response), extract below:

Against this backdrop, I would appreciate any update you are able to provide on the following points, which were highlighted in the interims and appear, from an external perspective, to have potential for material progress:

OCP (Morocco): The interims noted that a revised trial agreement was "expected to be signed soon". This wording suggested a near-term development, so it would be helpful to understand whether there has been any progress or change in status.

Valkor: Is the company on track to deliver the MMU to Valkor by 30/06/2026? Can you confirm whether the initial tranche of funds, as set out in the September 2025 addendum have been received? In the event of any deviation from the agreed timeline (either in payment or delivery), should investors expect this to be communicated via RNS? Conversely, if delivery is completed as planned, will this be formally announced to provide clarity and confidence around progress towards our on-site services commencing from July?

I appreciate that certain matters remain commercially sensitive, but any guidance you can provide would be valuable in helping investors understand the near-term expectations from the Company.

Half of Peters options become available in October (at 5p).. will be interesting to see where the SP is at that time

A relative flurry of activity into close. We can dream, can't we? See you in 4 months

Conveniently ignoring the revenue received in March and future $650k income from Valkor just next month. You've selectively ignored projects including Panama, Morocco and Utah in your doomsday summary.

6 weeks on from the interims. Hopefully Peters trip to Geneva last week was fruitful and we get something over the line this month.

Getting $650k next month. Don't forget that

MSC HQ is in Geneva, it's not exactly beyond the realms of possibility that Peter pays a visit during his trip. It doesn't mean we'll necessarily get the signatures, mind.

Being flippant, Morocco & MSC (Geneva) are both only an hour ahead. We're not losing much of the day.

I don't think a work experience kid coming on board in 4 months time really moves the dial.

10 weeks left in the Qtr. We're 4 weeks on from the interims.

Could drop any day.. World Earth day tomorrow, would be fitting...

Are there any reasons why the market seems to be suppressing the advertised SP? Bid/offer is 3.30 - 3.50 yet late last week and into today, continues to show no movement?

Our MMu will be on site in Utah inside 10 weeks and a further $0.65m in the coffers with project services starting on 01/07/26. Whilst MSC is clearly the big ticket, don't forget that there's plenty more projects at play. I wouldn't be surprised to see Morocco as the next cab off the rank