Member Info for WongaFC

Just typical of a QED project, delay after delay. It's the only consistent in our history.

What utter tosh!

We've had to wait 5 months+ for the offer of a licence, how on earth could this be offered to someone else? Anyone else wanting a licence would have to go through the same procedures and even then the licence they got would not be for the same tract of land!

"The spread is ridiculous on this share and clearly designed to stop buyers if you want invest 100k your down 5% straight away ridiculous."

Spoken like a frustrated trader! Long term investors are not so phased about the spread as they want to see their 1p buys going to 5p, 10p 20p etc whatever their target price is. Nice to see a large spread as it discourages the short term traders from getting involved.

DoN, I didn't say there was no industry in Utah! But Utah is not in the top 20 "industrial" states in the US. I was replying to a query as to were there any local clients identified.

Of course, MSAR and BioMSAR can be produced in Utah and transported to end users all over the country and I agree, at this stage, getting the low sulphur "tar" to surface in commercial quantities remains the primary challenge.

I don't know if there would be much demand for MSAR in Utah itself as it's hardly seen as an industrial state. That said, most of the power generation is produced from coal, the use of which is being reduced as cleaner alternatives increase. Should the Sparkle trials prove a success, perhaps using BioMSAR for power production in Utah might help reduce carbon emissions? But, as with all things American, it will come down to price.

"My take on not hearing anything for some time is that we (qed) need to get the msar supply side sorted."

I believe we were told this trial would be carried out by converting HFO to our fuel at the client site.

Is deafening. Looks like we're slowly and painfully sliding back to 2.5p.

Never mind, jam tomorrow/next week/month/quarter/year. Sometime, maybe???

I'll pencil it in for Q4 then...

Doubt they'd get involved as custodians only otherwise they could end up on the BoD of numerous companies! Not in their remit.

Helping the ask rise! bigger spread than we've seen for some time. MMs needing stock?

"To remind, Pure Marine Fuels was initially a strategic partnership between Cargill and Danish tanker operator Maersk Tankers that offered marine fuel procurement as a service to tramp shipping companies and trading houses. However, Maersk Tankers abandoned the partnership after acquiring US pool operator Penfield Marine in 2024."

Maersk backing the wrong horse again???

Clearly you have no idea what OCP's intentions/strategies are but as usual, you just make stuff to suit your ramping agenda. Remember you told us the trial would, (not could) be completed by end December last year.

Also you stated the SP would be back to pre-raise level "within the week". Never mind stuckclock, you'll get something right eventually??

I think/hope you'll be ok tugboatpete as my understanding is she's "targeting" Cash ISAs with a strategy of having the money diverted to Stocks & Shares ISAs, (as they used to be known) and invested in companies rather than cash.

The fact that most savers who use Cash ISAs to accumulate wealth, are risk averse is out with her blinkered thinking. The clueless chancellor has no concept of cause and effect.

No need to run two trials at the same time as no reason the Moroccan trial could not have completed before now had both parties the will.

From 28th May 2024;

"A 30-day MSAR® test at a kiln at the Jorf Lasfar site (formerly referred to as 'Site-A') will be carried out to assess the long-term operational performance of MSAR® fuel. The MSAR® fuel will be manufactured on-site using heavy fuel oil following the installation of a 5 tonne per hour MSAR® Manufacturing Unit and associated equipment.

The Agreement is for a term of one year, unless mutually extended, and may be terminated by mutual agreement or by one party if a breach of the Agreement has occurred. "

The way things are going we're going to need a new agreement, or maybe that's what OCP are intending???

Nothing to do with SP Whiskyman, Just sick of being strung along by this client.

You think that's bad HF14?

From an RNS dated 29/11/19, now over 5 years ago!

"Quadrise is pleased to announce it has signed a Material Transfer & Cooperation Agreement (the "Agreement") with an international chemicals and mining group headquartered in Morocco (the "Client").

Under the Agreement, Quadrise and the Client will work together in a joint project team, to carry out an MSAR® trial on a pilot plant test facility located at one of the Client's facilities in Morocco and then complete technical and economic feasibility studies for demonstration tests on commercial units owned by the Client that will be covered by future agreements."

Five and a quarter years later and they're still dragging their heels. Contrary to what we were told previously, doesn't seem to me like the client is "very keen" on our products/technology??? but what do I know.....

Towards the end November 2023, (coming up to 15 months ago!!!), post the Morocco industrial trial, the company told us;

"The parties will now enter into discussions for long-term commercial supply, in conjunction with reaching agreement for testing at the client's other sites to expand supply opportunities for MSAR® and bioMSAR? fuels. In parallel, the Company will continue work to ensure the supply of appropriately located and priced residual feedstock."

Perhaps instead of "discussions for long-term commercial supply" the company should have said "long-term discussions for commercial supply". Would certainly have been more accurate!

Except of course, the Grand National is run over fences, not hurdles;-)

"It’s happening in *2 months now"

Well that's when it's supposed to be happening but like most of our projects, when things are "planned to start" seldom, (if ever) comes to fruition. Morocco is the perfect example of this. We have done several trials for OCP at a various sites, proving the benefits of using our fuels, yet the client continues to drag their heels on the latest larger trial. I can't think of any valid reason for this continued delay other than they're not that bothered.

I hope something goes to plan on estimated timeframes but past experience tells me not to trust QED timelines.

"The price will hover around this price until the next significant news. "

Or, like has happened numerous times in the past, the SP will gradually drift down as more weeks/months pass without reported progress. Two months since Sparkle Power RNS and although the funding issue has been addressed, there has been a dearth of news/progress on any of our projects, apart from the news that Valkor will pay us on a staggered basis rather than the up-front sum originally agreed.

We are continually told lots going on behind the scenes but without tangible proof of progress, AIM will do what it always does....