RE: MSC is still on, as is Panama, Valkor and OCP4 Feb 2026 10:50
Extracted parts of my email to IR on 30/01/26 and removed other comments (Sustainability report now published / MSC timeline). You might agree with my below statements/questions or not but I am a long-term holder who's becoming increasingly impatient. Hoping but not anticipating a reply:
I am a longstanding — and increasingly long‑suffering — shareholder in Quadrise. Although I have not previously contacted Investor Relations, I believe now is the appropriate time to seek clarity on the company’s progress.
It increasingly appears that the trial (MSC) will only take place when the company is finally in a position to confirm it, rather than in line with any of the forecasts communicated to shareholders. I would welcome the opportunity for the company to demonstrate that my concerns here are misplaced.
I would also appreciate an update on commercialisation efforts in Panama following the successful trial in July 2025. Typically, one would expect at least a draft commercial framework to be in place ahead of such a trial. The absence of any announced progress 6 months later is difficult to understand.
With regards to Morocco, we were told during the AGM that if further progress was not forthcoming, the company would consider drawing the project to a close. Two months on from the AGM, shareholders have still received no update.
Given the above, I believe a further investor meeting in the coming weeks would be highly beneficial to help shareholders understand what has been happening behind the scenes. With the exception of the brief Sparkle trial, it appears that the company has made little visible progress over the past two years, despite a significantly expanded team and continuing absence of revenue.
Many thanks for your time. I look forward to your response.
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