Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
.....or Thursday, or Friday. Perhaps next week!
grumpy5
You belie your handle! Far from being grumpy you sound like a "softy".
After all these years of missed deadlines, fund raisings, and failure to sign a single commercial contract . I think investors are entitled to feel extremely let down if the BoD again they fail to meet their own deadline. I deliberately use this word deadline rather than your preferred description "target" since there are consequences of failure to meet the due date i.e. Jason stated "that he would like to park this question for another month while they get the agreements over the line" so if they fail to do so they must expect to get heat from shareholders. And if they do fail to meet their own deadline given all the history -how much more evidence do you need? You have suggested that by criticising the BoD we may drive them into the position of being secretive and uncommunicative. I think many on this board would say that they are already, so no change there! Keep smiling and hopefully good news will come out in the next few days.... but if I was a betting man.
NO
46Gillingham & Dpsandison
I 'm in total agreement with 46 G's sentence in his letter to Jason "I actually thought you had fat in the month and we may have had an announcement within the first couple of weeks I was wrong on this!" My point being as a senior executives with years of experience I would have expected him to have built in sufficient contingency to his statement about the end of the month that it was all but certain that all three would be delivered by the self-imposed deadline If they cannot meet their own deadline (again!) how can I and other shareholders have any faith in anything that is said by the BoD?
Dpsandison
I know it's not the end of the month yet but it's ........close. If the BoD have overpromised and underdeliver I will be livid! These are well paid senior executives with years of experience what credibility can shareholders have if once again they don't deliver on their own self-imposed timetable. Let's see.
Surely to goodness with Brent sitting at $122.9 and reduced supply due to Russian sanctions now is the time for QFI to be offering msar and biosar as oven ready solutions to fuel shortages whilst also being environmentally beneficial. If ever there was a time it is now! When we next get an RNS I want to hear what Jason has been doing to publicise and partner with major users to get these to market and scale up asap. If QFI cannot do it themselves now then they need to sell up to an oil major with deeper pockets (Shell/BP?) that can.
DE
I agree. That's the best piece that 's been on this blog for months.
Jason certainly sounded positive, and upbeat. Also a couple of cheeky little smiles and comments. More waiting and preying but it must surely kick off this year . I hope!
Indigo 2015
Our earlier discussion was about Valkor who you suggested would become fully integrated by also going into the bunkering business. Don't see how your last reply is being relevant to that discussion.
I'm a long term - about 8 years, holder of QFI and enthusiastic about the technology but it can hardly be described as a "no brainer" else Maersk, KSA etc would have signed up years ago. I think you've got this 180 degrees out - we did of course have "a second party on board to actual make the product and take that risk" i.e. CEPSA and they pulled out because we couldn't find a customer.
Indigo2015
As ex senior HR executive in the international oil industry I can assure you that "I think every oilman was an engineer before he struck/sold oil." is incorrect, but I expect on reflection you know this. There is an entire cohort of geoscience and geophysical personnel , legal, finance, health & safety and multiple other disciplines that have all made it to the top slots in the industry . Just to add contrast, Maersk who QFI shareholders know very well as a containerised shipping company and (ex?) business partner, sold out their own oil Exploration & Production company a few years ago to concentrate on their core shipping business. "If you have a good product or the same product at a lower price, you can get consultants, bankers, and partners for all this quite simply". I'm afraid you cannot massage down an entire business and funding feasibility study into a couple of lines of text. Other questions need to be examined - such as can they achieve scale?, how profitable can it be relative to the existing business stream? Is the market crowded/in long term decline? etc etc. Finally if it is so simple why do so many pitches on Dragon's Den fail?
I still think it highly unlikely that Valkor would go into the bunkering business but I guess we will know soon.
My tuppence worth is - no. Valkor is an engineering business with non-operating holdings in Petroteq and Greenfield, but it is a huge leap to become a brand new operator (as I understand you are suggesting) in the bunkering business with all the capital cost, lack of expertise, competition and managerial stretch this would entail. They do demonstrate an opportunistic/ cavalier spirit and did I not read that they have taken up leases on more tar sands in Utah. Surely that's enough?
As I recall Quadrise & Nouryon have a jointly held patent as well as the exclusivity in supply stated by refreshgamesuk. Also all the POC & partial LONO testing involving Maersk, Wartsila, MAN and now MSC along with the historical involvement with Orimulsion mean that they have an extensive moat.
Fyoz
Another Pigfase special for you.
Also "every time their seems to be a break through"....
there
You're welcome
Tidetime
If you have nothing sensible to say, then my advice would be not to open your mouth and let everyone know .
Pharaoh
Very succinctly put. It's a thumbs up from me!
All
There is in my view too much being read into Mark Whittle's departure. The RNS indicated that he is working his full 3 month's notice. Given he is a director and party to a huge amount of insider information on the company and its products i.e. MSAR and BioMSAR it is inconceivable that QFI would allow him to work his notice if he were going to a competitor such as Maersk or Shell. Standard practice would be for him to immediately be put on gardening leave so as to protect the company's IP. QFI will likely have a non-compete clause in his contract but these are usually easy to circumvent.
colins
Oh yes, pretty please! Wake me up when its reality.
Indy
"Omg no one can be this thick". Apparently they can!
Salinger
Thanks for reminding me about the solvent. Actually I do know about this but had a senior moment this morning. Sorry for the silly error!
Below is a message I posted a few mins ago on the Tomco thread. Anyone got any thoughts?
I'm rather surprised that Petroteq achieved standard WTI price of US$70.91 per barrel (less transport costs). I understood the product produced was low sulphur "bitumen" hence the requirement for QFI technology to convert it to MSAR. If Petroteq can consistently achieve WTI standard price where does this leave QFI? I should perhaps declare my hand here. I am a long term (8+ years) QFI holder and only bought into TOM at it's price drop last month.
Orslega
I'm rather surprised that Petroteq achieved standard WTI price of US$70.91 per barrel (less transport costs). I understood the product produced was low sulphur "bitumen" hence the requirement for QFI technology to convert it to MSAR. If Petroteq can consistently achieve WTI standard price where does this leave QFI? I should perhaps declare my hand here. I am a long term (8+ years) QFI holder and only bought into TOM at it's price drop last month.