The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
One Aussie
Sorry to contradict you but Switzerland is not in the EU, nor in the EEA. But it does have agreements with the EU. Not sure therefore if your second point is valid, although I 'm not disputing that it could be MSC.
Guys
Many thanks for the input and especially to my fellow dog. McDoog! I am a member of the Tapatalk QFI discussion board, but not visited it for months as it all gets rather Nerdy there. Big picture for me is that Orimulsion worked and was viable, MSAR is really 3rd generation on from that and you could argue that this new Green MSAR is 4th gen.
Guys
Sorry to labour the point.. but Indigo 2015 your point 2 is "If they're making a product we can assume they already have a customer - it's their money not ours that's on the line". I believe indirectly it is our money on the line, if their faith in being able to sell the MSAR produced turns out not to be the case then we (QFI) have wasted time, effort ,and our investment when cash is critical for us . I would like to be assured that Greenfield do have a market for the product especially since we have never been able to find one - in the sense of getting anyone to sign on the bottom line . Your points 1 & 3 I agree not directly but my point is if Greenfield are not viable because they cannot sell the product - guess what it could take us down - and out! So my point remains what makes us think they have got customers ready and able to sign on the dotted line when in the 10-15 years we have been knocking on doors we couldn't?
Prep H
Thanks but that only gets us so far. Presumably Greenfield have client(s) targetted for the product and have approached them before commiting to the expenditure of this trial. They don't have much cash themselves so I don't believe they have will just be "hoping" to find a buyer.
Indigo2015
You make an excellent point which I have also been concerned about and never seen explained. There have been a few references on this board to heavy industry inc cement plants in the area so perhaps it is down to local knowledge /contacts but it sure would make me more comfortable to know who exactly is going to buy the MSAR and what action they have taken to trial/test and carry out due diligence prior to its use in their plant? Answer please on a postcard!
Certainly sounds a game changer ......but we have been here before. There is light at the end of the tunnel!
Indigo2015
Well I'm afraid we are going to have to disagree on that one!
Indigo2015
The BoD has responsibility for amongst other matters , communications and by extension managing expectations of owners . I get hacked off with people and organisations that do not meet their own targets. It was not shareholders who imposed the early December 2020 date. It was the BoD, and once again they have let a date slip by.
Sorry for the typo it's 33%
Fyoz/Elir71
What's going on here? The Bod isssue today's RNS and you pair immediately fall into line. This is just a rehash with minimal change. Lest you forget you were critical of the increased salaries and now we are all going to pay for it by a 3% offer and consequential dilution. Never mind there is always that jam tomorrow!
46G
I agree there will be nothing new announced at tomorow's meeting. Just a rehash and that includes more jam tomorrow statements. The Bod continue to miss their own self-imposed deadlines and yet reward themselves with better compensation packages. That's not how it's supposed to work!
Okay let's assume it's a 33% dilution at an offer price of say 1.2p per share. How many of us on here will take up their allocation? Let's have a straw pole.
I know I won't be subscribing another penny.
Perhaps the recent drift down in the Sp was caused by people in the known being aware of this Greenfield demonstration slippage? Anyway I hope it is no worse than that.
elir71
I agree 100% with your comments below. We are running out of cash and failure to sign a contract by ~end of January will result in an attempt to seek finance for which there will be very few viable options for existing shareholders. The share price drift lower reflects the chances of this.
Wonga
and yet QFI SP continues to drift down on all this impending good news. It's squeeky bum time for sure . We need at least one contract pronto!
TechtRob
Granted the volume was significantly higher in June & September but otherwise I don't see the volume as particularly low.
Indigo
I'm not arrogant or rich enough to think so.
Planenews
Well that's a reasonable explanation to my mind for the last few days lower price action but my concerns stretch further back to ever since the Greenfield/Valkor/Tomco deal announced.
All
As a long term and substantial holder I'm increasingly concerned. In spite of the the impending trials, tests, potential contracts and hoped for good news. the price continues to drift down, even on a risk on day like today. The market is not stupid so I'm getting a sense of doom. Can anyone explain in a rational way why if we are on the cusp of all this good news why the price action is saying the opposite - PS I don't buy all this MM's playing games to let their mates in at a good price chat. If all was well the price should be well up by now.
TheOrns
.... and that's not going to happen unless preceeded by an RNS telling us just that.