Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
The recent sentiment change has come at a perfect time. If we get news this week of trials to underpin the rise I think this could take us to top end of single digits, with all other other pipeline projects (Utah etc) only going to add further over coming weeks and months. Come on QFI where’s the trail news!
Maybe this is where the shipping trail contract is - it got lost amongst all the other companies’ post!
Sorry I misread - I thought you were referring to shares currently held by Bergen
I’ve not heard that before - where did you get that data? All I know is they’ve definitely sold down as otherwise they would appear on the major shareholders list, which they don’t. Thanks
We have further secured funding from Bergen which is available to extend our cash runway should we choose it, but MK is playing cards close to his chest currently as with all our imminent news it’s highly likely a increased SP will provide many more funding options on more favourable terms to shareholders.
So just to clarify there’s very slim chance of going ‘bust’ mid Q2 as we have funding options available to extend our cash runway, but we’re holding on for solid news to provide the best outcome for shareholders.
If our SP ever hits $600+ like Tesla’s, I’d probably come up with an obnoxious, narcissistic name for myself too..!
I can barely remember a time when there was news to have even leaked!
That said someone’s obviously confident. I certainly wouldn’t mind them being right and tomorrow getting our shipping LONO trail RNS!
All I’m saying is we had 3 active targets before this year end;
Utah samples - delayed until early new year due to the POSP’s delayed restart, nothing we should hold against QFI. Besides a small slippage no impact on the significance or likely success of the trail.
Green MSAR launch - delivered as planned, the more we learn about this and it’s potential application the more of an exciting product this could turn out to be. Check the forum for more detail.
Shipping Trail - target date for signature before end of year. As of yet waiting but deadline not yet missed.
All looks pretty decent to me so far. I’ll be as disappointed as anyone if they miss the year end shipping trial target but they said year end for a reason. Let’s see what this week brings up.
The last call it was reiterated we expect one trail signed before year end. We’re currently mid December. Don’t see the point of getting all wound about missing a deadline that as of this moment is on track..
Fitzy - yes we’re expecting a new trial agreement with a shipper before year end.
Why the negativity? This RNS hasn’t replaced the upcoming shipping trial news nor does it suggest anything on the POSP isn’t going to plan. Yes the POSP start up is very slightly delayed, which was always a small risk with a start up so close to Christmas, but the overall business case hasn’t changed at all for this opportunity. We’re on track with all of our short term targets so let’s just see what next week turns up - we’ll also no doubt have a proactive interview to look forward to soon to get more detail on the current state of play.
Don’t think we need a crystal ball for this one - they confirmed only 2 weeks ago we’re on track for a shipping trial RNS before Christmas, so tomorrow or early next week is highly likely. They wouldn’t set such a short deadline unless it was already pretty much a done deal.
I’m just hoping there’s a special Christmas present included within the RNS too in for the form of a bio-MSAR trail to really kickstart the product launch.
Also if you’re interested in potential outcomes and SP implications if you look on the QFI Forum there’s a thread called ‘Burble Files’ or similar. This poster did a phenomenal job of linking potential MSAR production levels & different operating models to estimate potential EPS’. Then pick your own P/E ratio to determine what you think would be a fair SP. All makes for an interesting read, if nothing else.
AIUI it will likely be all licensing to begin with as the product becomes more widely established, but in time should this prove successful they have pathways in place to progress with BOO (build own operate) models with the help of the Freepoints of the world which will allow QFI to capture much more of the margin. This is a key component of their long term strategy, but it’s a way-off yet IMO.
..Before we get our second forecasted RNS (this week?) on the major shipping trial, which should hopefully help us lift the SP back to a much healthier level. We also have Utah progression to keep an eye on too with POSP commissioning due to be completed any day now. Should everything go to plan we should be set up very nicely as we exit 2020.
Have you ever posted a comment that wasn’t negative towards QFI Lionel? Most people will see your attempts for exactly what they are - and no, it isn’t for the benefit of others despite your false claims.
A quick visit over to the QFI forum where there is a real discussion from people not out to short the share will show the balanced feelings of investors towards MK. Btw - you realise also that MK has been on 50% salary since the start of the year even with the project developments we’ve had? You either didn’t listen to the CC which is odd given you care enough about this share to whinge on here every day about it, or you did listen and still chose not to disclose this when discussing salaries.
I know you’ll deny being a shorter and you’re a long term holder etc etc. Heard it all before. We’re due shipping trial news before the years out which is very likely to improve our SP, along with positive trial developments in Utah. I look forward to reading your positive comments when this happens and eating my hat.
Correct it is the ‘normal’ MSAR, for now anyway.
We are seeking a LONO for the shipping engine manufacturers as part of the upcoming shipping trials, as well as buy-in from the shipping co’s to want to use our fuel. Once Green MSAR is sufficiently developed, if there was an interest for this product it would need its own LONO’s again, requiring further trials, as it will have a completely different composition to MSAR.
In the call MK said the shipping companies are primarily interested in our MSAR product not green MSAR. They have however shown a keen interest in principle to the new Green MSAR product and we might have subsequent further trials with this product, but this is further down the line. So no I don’t think the Green MSAR patent or any news on this front is holding up shipping trial news which again MK stated we could expect this month.
Those pesky big dealers have been at it for a very, very long time haven’t they - I hope they get bored soon!
Evening all - Would anyone mind educating me on the history of what led us to choose 4MWh / 10% of Vametco’s electrical energy consumption to showcase the technology? I’m interested to understand the considerations that led us to arrive at this capacity VFRB over something smaller or even larger. Thanks!