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Well they actually suggested multiple shippers wanted in on the MSC trial in the most recent call, not just one other. So could be v interesting here.
Snipped from Gils summary for developments / news we expect prior to end of June;
- Morocco Site B Int Trial & phase 2 study results
- Utah QRT Report - (samples pending)
- MSC Trial Definitions Initiation Scoping & feasibility Results
- Biofuel VTT medium speed Test Results
- MSC Trial preparation fuel production started for the MSAR supply (alongside info re: who is producing this for us which will be v exciting & interesting. We will need news shortly on this if we are to produce enough fuel for a H2 trial start date)
- Utah Commercial Demo, Mobilize oil equipment team & POSP
There are also loads other Q3/Q4 milestones the team are also working on in the background alongside the above.
We’re due a lot of news in the not too distant future. It might seem like things go slow but I’ll remind you 6 months ago we had no BioMSAR, no MSC, Morocco was looking shaky due to Covid, we had no II’s and a dangerously small cash runway. On a big picture scale we’re really making solid progress now - check back in 3 months and I’m sure we’ll be much further along in the story. GLA.
DP I’m no expert but those trades you refer to I think are likely rollovers. There is virtually no movement in SP immediately after these trades, which you would definitely see if it was a genuine buy or sell.
Also Bergen are unlikely to be selling now as there is v little excess sells, at least from what I can see. I’m almost certain they’re currently out of shares and won’t be selling until they convert their final tranche which will be at some point in future, but either way you’ll get notice of their conversion before the selling starts.
Nobody IMO. If there was any significant seller or buyer right now we’d have a huge swing in SP as the daily volume is low. I suspect everyone who wants in has now bought in and is simply waiting to hear how the trials progress.
I understand your frustration of our history to date, but I don’t understand your position of investing in something that you’re sceptical about and where you don’t trust the BoD. But saying that I don’t need to - it’s your prerogative and your views and shares are equally as valid as mine.
All the best to you and good luck. Hopefully MK can relieve your skepticism with a contract in the near future. We’ll have a good gauge over the next 3 months as to whether that will happen or not IMO.
In fairness Barking do you not consider them to be stepping up to the mark now? We have 3 independent opportunities with 3 clear timelines for progression and commercialisation detailed at an investor presentation not only a month ago - commercialisation targeting mid 2022 off the back of trials and commercial progression throughout the coming weeks and months.
Yes it’s been a hard slog to this point and we’ve previously had a strategy that didn’t work. MK replaced the old chairman, put a new strategy in place and we now have the roadmap clearly set out for us. Without changing history is there something different you want to see from QFI at this point? Because from my perspective they’ve had a blinding 3 months and they’ve clearly outlined their plans for how this it to be continued.
Wallowing now over. Thanks for the smile.
I’m with HL and still nothing yet.
Indigo can you please elaborate I’m confused? Unless the 900K of what you requested is mostly made up of your standard entitlement in which case I might go and wallow in self pity for a few days before posting again.
Should be today, but will depend on to broker it seems. I suspect by opening tomorrow you’ll have the shares, but can’t say for certain.
No need to get worked up it only appears to be an administration reporting issue and certainly nothing to do with QFI. You can still trade shares there just appears to be a lag on whats being reported. Have a look at Gils recent summary of near term prospects if you want something to mull over!
Fingers crossed in a year or two I’ll be living a lifestyle closer to yours and Indigos.. one can dream!
Thanks also Gil for the summary earlier. There’s a lot of disorganised content on boards like these and your occasional summary I think both helps simplify our position for new investors as well as anchors discussion around QFI related matters - both of which are very useful! Much appreciated.
HF - I could list the different projects and try and defend the board but I know you’re a regular and know both sides of the argument. I do think that since MK has come on board he’s completely changed the strategic direction of the company which has rightly taken a long time and I think so far he’s not been particularly recognised for this, however the (metaphorical) dividends to this approach now seem to be appearing and we have clear timelines for 3 separate opportunities. I’m very much looking forward to the upcoming months with a glass half full approach (or 95% full like MK’s?).
Indigo - completely agree. Not to mention we have three completely independent opportunities which massively spreads our risk for achieving commercialisation. Any one of these transforms the company.
Should get an RNS of the open offer results in the next couple of hours then we can put all this speculation to bed. Shares you’ve received should be in your account and available to trade as of tomorrow.
“The way the SP is falling”.. Take a look at the 3 or 6 month price graphs.
Since we’ve announced our MSC tie up, navigated Covid successfully with Morocco, launched BioMSAR and secured the medium term financial future of the company by bringing on II’s (oversubscribed too..) I think the price has shown nothing but steady and strong growth.
I would go as far as to say this has been the most impressive 6 month period we have had in MK at the helm. I believe the SP growth we have had throughout this period reflects this and there’s no reason to believe the trend won’t continue should we continue to deliver on our clearly outlined short and medium term objectives. If you stress over the short term weekly price swings then you’ve got to consider if AIM stock investment is the right move for you.
Sprinterminter - In theory yes. Any short term SP movements are irrelevant however for us long term holders who’ve been waiting a long time to be in the position we are now, with multiple opportunities tantalisingly close to being secured. Many of us won’t be selling until commercialisation however (at the earliest) so none of this will matter if we don’t deliver on our near term objectives.
A gentle reminder of what news were expecting to receive within the next 3 months;
- Started off our Morocco commercial trials
- Completed Utah trials
- Defined and publicised detailed plans for MSC trial
- Started fuel production for the huge volumes of MSAR required for the MSC trial (currently unknown provider)
- We will also know which additional shippers are joining the MSC trial as was suggested in the Q&A from the previous presentation
- Should have or be close to getting results from BioMSAR on medium speed engines which will potentially extend into the MSC / Marine trials
Thought this above would be a nice bump from my previous post to take us through to the weekend. Have a good one all!
Had a flick through FAR and saw nothing of substance just pages of pumping and unsubstantiated claims of imminent doubling / tripling of the SP. Dangerous environment for PI’s that don’t know what they’re doing.
Saying that I’m sitting on a sizeable loss here so I’m no Warren Buffett. Still, I’m confident it’ll come good eventually and soon - stick to the fundamentally sound companies and business cases and you can’t go too wrong.
I’d bet my bottom dollar the full £1m is raised. I know myself and a few other (very small holders relative to most - not on the forums) have applied for about 3% of the shares on offer so I’d be gobsmacked if early next week we find the full amount wasn’t raised. Selfishly I’d be feeling pretty smug however as I’d have just made my beer money for a year!