Member Info for WongaFC

Yes it could but one thing's for sure, the Valkor money isn't coming in December 24 despite your numerous assurances it would. From my post 6 weeks ago;

"I'm not surprised at the positivity on here from most post-AGM but my experience over the last number of years is containing any enthusiasm. I'll believe it when I see it but of course, the rise in SP is very welcome.

1/ They explained in detail the reasons for the MSC fuel agreement and are very confident for it to be signed off in December. - Possible, but less than 50/50 for me.

2/ They expect the Morocco trial to be completed in Q4. - No chance, won't even start this year.

3/ Other shipping companies may take up the trials. - Not any time soon though?

4/ They are confident of ther Valkor money coming in Q4 - Again, no chance.

For me the biggest concern in all of this is the way they almost tried to sweep aside the Capital Reserves/Spending issue. I understand they don't wan't to spook the markets by saying the plan to raise capital but flippantly saying with the Valkor money, we have a cash runway well into Q2 2025. Only when pressed on this later to seem slightly uncomfortable, possibly with their knowledge of the actual current cash at bank position."

We definitely need this 3-way agreement signed this year as hopefully this will give a significant boost to the SP and hopefully make fund raising early next year much easier. If not????? I shudder to contemplate.

Whether the fall back is down to profit taking or fear of an imminent raise is anyone's guess. It could be a combination of both. Personally, I don't see the Valkor funds arriving in Q1 and a fund raise of some sort is probably "imminent". JM did allude to a plan b being in place should this occur so I don't think it will be overly dilutive.

They also said they wanted to deliver some tangible progress prior to any funding and it could be argued they have achieved this already, with the SP much healthier now. Possibly some selling taking place with a view to buying back in post fund-raising event?

Morocco remains a disappointment for me as I can see little reason for the latest trial not having completed, other than the client's lack of urgency, as appears to have been the case for years.

Hopefully we'll get some positive updates soon along with the sorting out of the present cash runway situation. From there we will be able to start climbing again with confidence.

Happy new year fellow QED'ers. Fingers crossed 2025 will bring us the riches our long-term commitment deserves and the good health to enjoy the fruits of our continued financial support deserves.👍

Agree 46G. I said a while back it would be a huge vote of confidence for the company and the SP if MSC and Cargill were to buy into QED. While it might not be their normal MO given the potential, (they both are now surely aware of) perhaps they would be interested in taking a stake in QED.

I'm not sure if we have much of a float of available shares but if these two were to commit say, £5m each, at a price of around 6=7p, I for one would be over the moon

"Finally under way."

Blows your earlier drivel out the water then....

What price would you sell at?

https://www.independent.co.uk/business/up-to-a-third-of-aimlisted-firms-vulnerable-to-takeover-in-2025-b2667226.html

"Brian is not the messiah, he's a very naughty boy!"

and leader of The Peoples Republic of Qedea

Well done StockRamp, your incessant, inane ramblings appear to have caused the SP to recover from this mornings falls, or at least you'd like t think so.

These "smallish", (in pence terms) rises are very welcome and it would be nice to see the SP get to double figures soon. Then when commercial supply contracts get signed, signifying we are at the very least cash-neutral, this will hugely de-risk the SP and could be the catalyst for huge inflows of new cash. The potential remains massive!

Or more likely, the MMs tree-shake has been a success, order filled by paper-handed sellers and up we go again.

"Way too cheap! Why at a discount?"

If JM gets it wrong again and the Valkor cash fails to arrive in the next month or so, we could be looking at raising funds at much lower SP.

"It does? Was it already expected?"

The excerpt below from 19th April RNS suggested so,

"Valkor is managing several conventional oil sands and drilling exploration projects in Utah. With this initial drilling program funded for 3-4 wells, they expect to conclude full project financing and approvals by mid-2024. As previously advised, once a minimum of US$15 million project finance is raised by Valkor, they will pay Quadrise US$1.0 million under the terms of the Site License and Supply Agreement concluded in June 2023. A further US$0.5 million is then due upon delivery of an MSAR® Manufacturing Unit to the project site in Utah, followed by quarterly technology transfer payments of US$75,000."

As the Valkor funding remains elusive and the chance of extending our cash runway via this source reduces, I would really like to see an agreement to allow MSC and Cargill to buy-in around 5% each for £3m.

Not only would this give the SP a huge vote of confidence, it would seriously remove any short-term funding issues which could also be depressing the SP. While this would have a dilutive effect of course, hopefully it would put a base level on the SP and allow us to move up steadily as news on projects arrives.

"‘Immense’ is now my new favourite word!!‘Immense’ is now my new favourite word!!"

Certainly better than "imminent".

"I remember it being discussed on the old iii site during the Maersk POC or LONO. The SP at the time was I believe about 40p and a figure that stuck in my mind was £4. If memory serves, someone who used to post regularly, and reckoned they were 'close to the company', said that was a figure mentioned by a member of the BoD"

While the BoD might have their own ideas about the future value of the company and what they would see as an acceptable price before recommending the takeover, because they own a miniscule number of shares it's largely irrelevant. They might think £1 a share undervalues the company but an offer at that level might easily gain more than 50% of shares and be successful. Obviously the lower the SP at the time of the hostile bid, the lower the takeover offer will be, e.g. an offer of 30p might be successful next week, however in 3 months time if the SP had risen to 8p, the hostile bid would likely need to be much higher.

Ask yourself, what would you accept for your shares today? Then assume the SP is 10p, what would it take for you to part with your holding? It's all about the timing and relevant circumstances at that time.

Re. hostile takeover.

It is of course entirely possible but obviously the offered takeover price must be tempting enough for a majority of shareholders to accept. Everyone's idea of that figure will be different. E.g. if someone recently bought in at 1.5p, a 10p per share offer might tempt them to cut and run. However those who are averaging at much higher break even points, who will probably better understand the longer-term potential, (been here longer), will need a much higher offer price, say £1 a share.

There will be a range of price points in between and the "hostile" acquirer, will have to pitch their price accordingly. Given the vast majority of shares are in retail investors hands makes the job even more difficult. I can't see it happening anytime soon and although it would end up costing significantly more further down the line, if it were to be major oil, or someone like MSC, the cost would still be small beer to them.

Certainly going to be an interesting 2025!

Finally! After an 11 month delay, we have the trial agreement. Great news especially as our "partners" now seem more committed to our fuels than just for a trial.

While I did expect a bigger SP rise on this news, it is early days and I guess there are a lot of short-term profit takers initially holding us back. Hopefully, once the enormity of the QED potential reaches a broader audience, we will see these rises sustained throughout 2025, with positive step ups on each project progress updates.

Well done to all LTHs here, hopefully our patience will pay us handsomely in future.

"Nonsense, it's just you that's trying hard to create doubt here where none should exist.

QED stated multiple times that they fully expect the agreements to be signed off before year end, there was nothing vague or contingent about it."

You're the one talking nonsense, making things up as you go along to suit your agenda.

How often has JM et al given an "expected" timeframe, only to miss it by months or even years!?

HL now quantifying bid @ 2.4p, onwards and upwards please....

I'm not surprised at the positivity on here from most post-AGM but my experience over the last number of years is containing any enthusiasm. I'll believe it when I see it but of course, the rise in SP is very welcome.

1/ They explained in detail the reasons for the MSC fuel agreement and are very confident for it to be signed off in December. - Possible, but less than 50/50 for me.

2/ They expect the Morocco trial to be completed in Q4. - No chance, won't even start this year.

3/ Other shipping companies may take up the trials. - Not any time soon though?

4/ They are confident of ther Valkor money coming in Q4 - Again, no chance.

For me the biggest concern in all of this is the way they almost tried to sweep aside the Capital Reserves/Spending issue. I understand they don't wan't to spook the markets by saying the plan to raise capital but flippantly saying with the Valkor money, we have a cash runway well into Q2 2025. Only when pressed on this later to seem slightly uncomfortable, possibly with their knowledge of the actual current cash at bank position.

We definitely need this 3-way agreement signed this year as hopefully this will give a significant boost to the SP and hopefully make fund raising early next year much easier. If not????? I shudder to contemplate.