Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
DoN
I too listened to JM’s reasoning a few times
The first paragraph the Glycerine segment of time was in the past at the time of IMC, JM told us that he had secured fully tested (past tense) trial as well as commercial volumes supply of several different Glycerines. And that we could move on.
He intimated that that was of primary importance in order to get a supplier and terminal on board and the only difficulty remaining was the provision of terminal bunker supply at the time and in the right place and that we had a few options.
Like I said
I guess it’s down to shareholder value as we are trying to become a commercialised company.
I don’t think we can do it as a ‘sprat to catch the mackerel’ it will have to be contracted, costed, financed and in a legally drafted framework and all that will take time.
We are where we are
But if one month could break the mould of Quadrise tardiness, then please let it be August 2023 eh 😊
DoN
Your post adds up to the same as mine.
It’s got to be financially doable in order to get the long term benefits
It’s taking a longer than expected time to get the right (for everyone) deal and
We have a finite cash runway. . . .
I found this looking at latest methane slip blogs
https://rina.org.uk/publications/the-naval-architect/blending-biofuel-with-conventional-marine-fuel-shown-to-improve-cii-ratings/
AKHM
My guess is that early negotiations have resulted in the trial costing us money. Despite a fuel manufacturer making money on the delivery of our fuel. I’m guessing that it’s costing us getting a local to Netherlands terminal/bunker supplier to provide the very infrequent bunker for our trial ship(s).
I’m assuming that the length of time the agreement is taking revolves around getting that to a win, win, win resolution that doesn’t cost us dearly?!
CEPSA had control of the plant, production as well as bunker barge delivery of the fuel back in the last trial through Algeciras.
A few participating today
Some nice buys gone through
I guess the build-up to expected news in Morocco, Fuel agreements and Utah DGM permits and subsequent cash injection is drawing a few speculators in at these prices
Happy to take part risk/reward looks good 😊
I’m sure we’ve all been here before for savillerow/haggis but ereyouare. . . .
https://www.google.co.uk/search?q=life+of+brian+he%27s+not+coming+out&ie=UTF-8&oe=UTF-8&hl=en-gb&client=safari#fpstate=ive&vld=cid:2fe0dd49,vid:DBbuUWw30N8
My account has two added lines
QED sub allowance and Excess application
The money has been taken and my broker has closed the open offer so now just need to see if there’s any scaling-back
Good luck everyone that’s holding here
I have had another listen and there is lots going on, much progress has been and is being made.
MSC fuel
Glycerin supply established for trials as well as in commercial volumes as well as samples of each having been lab tested.
Tripartite agreement for fuel is about QED, fuel manufacturers and local bunker terminal operators such that we can get the Biofuel kick backs in Netherlands. It’s planned out and we now know what these agreements look like.
Utah
Hoodoo can’t and won’t stop Valkor/HSO getting underground stimulation permits to add to the drill permits that were already granted in Dec 22.
Morocco
Morocco want the trial success as much as we do and it’s imminent.
CSO
CSO Vertoro works in the lab, works in the static diesel and is expected to progress to and work in VTT Wartsila.
BTG
Pyrolysis oils are ready in c75,000 tonnes volume at existing BTG plants and they want to get higher value market in Marine. Our technology offers them the way to do that. That’s massive and worth me applying for 200% of my allocations.
If you’re a Turkey and I’m buying yours well hey ho
No apologies for stating that.
I compute that we have never been closer to fantastic success. I’m not letting this ship founder now. 😊