Member Info for Willswag

Turkey is conveniently placed (she’s been there before oh buoy!)

Any other major dry docks around the med?

AGM statement is what the company stated.

Marine: Agreements with project stakeholders covering the Proof-of-Concept and Letter Of No Objection ("LONO") commercial trials on bioMSAR™ with MSC Shipmanagement ("MSC") are expected to be concluded in December 2023. The agreements cover trial fuel production, supply, and logistics. Provided these and the relevant permits are concluded in time, Quadrise equipment will be installed and commissioned at the bunker terminal in Q1 2024, with the intention to commence the trials in early Q2 2024, in accordance with the latest vessel schedule shared by MSC recently.

Anything said or inferred in answer to post AGM meeting questions I would take with the required measure of salt 😊

I think we’ll get what the company has told us to expect (though not when they said 😊)

All the wishful thinking, inflated expectations and exaggerations get us is disappointment and grumbling.

AKHM said

“The longer this is taking makes me think this RNS is way way bigger than just a fuel agreement. Maybe some kind of future options for the oil major!”

Now now calm down some read more into the timing of the deal re COP and look how that transpired. . .

We’re waiting on a tripartite fuel supply agreement for a shipping trial. Nothing more.

More tea required and a hobnob methinks 😊

I’m guessing it’s well past draft copy ‘we can smell it’ this is final version doing the last round to ensure that i’s are dotted . . . .

Tbf to them (corporate lawyers) I did work with a bunch that worked all day and all night right through a weekend in order to transfer ownership of my company to a buyer,

Mind you they were only doing it for enormous personal gain.

We were all locked in our rooms in a block-booked hotel and the lawyers went around each room, at a ridiculous hour of night getting signatures from us all as we signed away our shares in our company,

The share certificate were worth a fortune and the lawyers were similarly incentivised in order to get the job done any time of day or night.

But working a weekend to sign-off on verbiage in a small-fry contract with a minnow industrial supplier?

Nah!

Corporate lawyers working weekends 🤣🤣🤣

This seems like a good point to discuss observations made by various folk re agm comments made and our seemingly imminent news on MSC trial front.

Did we take AM’s ‘yes we are in a bit of a tight spot’

Comment as past tense as in ‘we expect imminent news to change all that and allow us to access proper funding’

Or do we think that ‘Valkor-less revenue’, he meant we’re still very much in a bit of a tight spot?

I wasn’t convinced that the comment about seeking professional investment to help us develop the delivery of our biofuels was going to help with the short term spot of bother we’re in.

Yes we have zero debt

But I’d like to see a finance plan that doesn’t rely on just shareholders. If we’re going to be a serious company taken seriously by the financial markets we should have a wide range of leveraged options going forward.

Rereading SemaphorRed’s email reply again;

"The MSC project agreements are with the counterparties lawyers, there were some delays over the holiday period at their end for various reasons which meant the December target was missed.

“We will provide an update to shareholders in due course, we're following advice from our Nomad."

It really does look like there was a collective December target for releasing the agreements details!

I’m convinced we’re imminent an RNS 😊

“We will provide an update to shareholders in due course, we're following advice from our Nomad."

This could equally mean that JM wanted to say more, to be more specific possibly but that our nominated advisors advice was that we shouldn’t engage further outside a formal RNS as it might be seen as giving market sensitive information to individuals.

I’m guessing that JM has an agreed release date in mind but was advised not to share it. 😊

It’s a discussion board 😊

MadDogMc

It’s easier to say in hindsight but who, if looking to trade this, would have seen 0.66p as a good bet?

In my opinion it only became a good bet after the Morocco good news and then we all jumped in eh?

😊

1yrless

You beat me to it

Couldn’t agree more

There’s a difference between getting an agreement and getting the agreement through three corporations signing processes!

For me it means it was agreed in December

Any day now Rodney. . .

If it’s bigger than I expect then it’s going to be mahoosiv!

Have a cracking weekend everyone

And to all the holders here Happy New Year 🥳

I have no doubt that splitting the water molecule in-vehicle is the way forward such that the vehicle carries water as fuel.

Until that happens (and it’s a long way off outside potential military/nasa operations) then the carbon released by splitting water or manufacturing hydrogen and the 4x size of the gas tank compared to diesel are real stoppers at the moment.

Brilliant! Thanks gotreal

I would like to know where the hydrogen is coming from and how it will be stored in the vehicle to complete this though. There’s no industry right now and I’d like to understand how that huge gas bag works?

GButts

A warming post on its own 😊

But it got me thinking about potential beyond what we believe is about to/likely to happen with the clues that we have.

One example that I’m considering is the mighty Shoaiba and the House of Saud.

Didn’t they eventually tell us that it was their conservative nature and the fact that they would have been first mover had they signed-up with us in mid 20 teens that made them pull out?!

JM spent hundreds of hours there and we were certainly close.

Put us in a position where we have built plants and reputations and are servicing several large customers effectively and I can see them back.

Your multiple £’s ain’t no pipe dream in that scenario eh?!

One day Rodney

SemaphorRed

A sound strategy!

I need to set my trigger points

It’s not as if I have not had enough time I’ve only been accumulating here for 12 years 😂

I agree with your RNS rationale also.

But herein is my quandary

I feel that I need the establishment of probable value by the release of that all important defining news.

I don’t want to let a portion go undervalued/too early if the prospects look better than I’ve always assumed. I’m financially secure and have plans in place for a reasonably comfortable short term future. The recent blue-chip comments have given me serious pause for thought. 💸

The board won’t recognise an early bid as being in shareholders best interests

Since when did a ‘blue chip’ get sold for 50p a share

The opportunity that is a sustainable marine fuel #SMF that only our tech can deliver in the next two years or so makes us worth multiples of that

🐺 🌚at least 150p by early 2026 😊

Nice find diverking

Mmh? Problem is with these new biofuels the food/food land competition. . .

“Using non-edible feedstock such as castor beans, rather than maize or sugar cane, should help alleviate food security concerns.”

[And]

“Hoarding enough feedstock to keep up with rising demand, without compromising the food supply chain, will remain a challenge.”

Indeed it will.

But we know of a couple of projects/processes that consume non-food, non edible, bio-waste. Such as roadside grasses and sawdust. Which, when teamed with Quadrise’s emulsion technology to mix polar and apolar molecules (residue and sugar oils) Results in a sustainable marine fuel at commercial scale.

The film is about to start, the trailer was excellent, Bring it on!