Member Info for WongaFC

"I can't imagine what they're thinking."

I can't believe you think they actually thought it through?

Fully agree Tuckman, that's why I believe there will be some news prior to AGM. Most likely a projects update with a bullish slant unless he can get one of our counterparties to move forward. If not, they deserve a proper roasting at the AGM for what has been basically a wasted year.

"Singapore is a big hub so hopefully had meetings re MSAR fuel being bunkered there."

Justified attending such an event and it would be nice to think it will help open a few more doors. However, I have a picture in my mind of Jason sitting in a corner quietly sipping his beer, while the go-getters are busy networking. Over a decade of failure to land a commercial contract directs my thought process on such matters.

Hopefully, he'll prove me wrong one of these days.....please?????

A very welcome turn of direction. Good news imminent? Let's hope so.

"TPET has secured a two-month Option extension and now has until December 10, 2024, to exercise its right to acquire the remaining 17.75% interest in the initial 960 acres"

This language concerns me a bit and sounds like the regular "extension" updates received from Tomco to purchase the remaining 90% of TSH11. Could TPET also be struggling to raise the capital? Hope not, didn't work out well for Tomco.

More likely, same old news but worded slightly differently to provide a more positive slant?

I doubt there will be any "takeover" interest while we remain stuck in the development/trials stage. Just as well, as the SP remains so stubbornly low, a lowball hostile offer could be successful?

I expect we will get at least one decent bit of news or update prior to the AGM, if nothing else, to relieve some of the pressure on the BoD. For there to be so little apparent progress in this calendar year, is in my opinion pathetic and serious questions need to be asked as to what our leaders are doing to justify their bloated salaries.

demise

However, the problem with these months and quarters of news vacuum is the gradual retreat of the SP from a 52-week high of over 3p to under half of that now. A good news update creating a 50% uplift, still leaves us in the sub 2.5p doldrums. The way things are going, I find it hard to see this pattern changing. We badly need a huge piece of positive news, or a steady stream of positive progress updates. To date we've had neither despite last November's bullish rhetoric from Jason Miles!

"Tanzania’s helium discoveries to end global demand"

Very poorly worded. The same article suggests the demand is likely to increase by over 40% in the next 5/6 years. Hopefully HE1 will be able to help meet the growing demand but to say it will end the demand is plainly hogwash

I notice BP are scaling back their environmental improvement timescales. It would appear as soon as the financial reality hits, all this global greenwashing rhetoric is going to be shown for what it is.

"You two need to get with the programme. 46G has gone positive now, you need to be singing from his hymn sheet"

Yawn!

"it looks like MSC are playing Quadrise."

If that is the case, why have our BoD not "parked" this trial and approached Cargill to provide a suitable vessel? Surely they have the means and infrastructure to trial a new'ish, (not so different from HFO) fuel themselves?

"You have to wonder what made the BOD decide to have no IMC call this year after the final results and no option of viewing the AGM by IMC this year."

My guess is, they know fine well how poorly they have performed since the last AGM and are trying their best to avoid the flak.

"FACT is it's going ahead according to everyone involved"

No, wrong again!

FACT is, it's not going ahead yet as we are still waiting, (after 10 months) for the agreements to be signed. AND that is not "according to everyone involved", that is according to Jason Miles!

But as usual, why let the FACTS get in the way of your ramping!

At least you won't have much longer (1 year?) to suffer these further delays Vince as raising further finance will be extremely difficult should the delays continue.

Unless Fyoz is correct and we will be revenue generating by then, with funding required to build us to blue chip status????

Consider the can well and truly booted down the road!

Still, I suppose we should be thankful it's not been kicked into the long grass?

Thanks to Dustofnations for posting this on QED board.

https://mediazilla.com/Y8NNsU9Ak4

If only Tomco had thought of this years ago, we wouldn't be in the mess we are now?

"3) Quadrise will supply and install equipment (including a 5 tonne per hour MSAR® Manufacturing Unit) to emulsify locally available heavy fuel oil using MSAR® technology. A 30-day MSAR® combustion trial will then be carried out on a kiln at the Site. Execution of a Commercial Supply Agreement is conditional upon successful results of this trial."

Surely a "tweeted" update on this project is overdue? Are there customs issues? Is the MMU on site? Has it been installed? Even a picture of Bernard holding a spanner would be better than the continued silence. Maybe they're saving all the feel good updates for the AGM to placate frustrated/angry shareholders in attendance?

"If Tomco sold a majority stake in Greenfield"

And can you give me an idea of what assets Greenfield have that might make it sellable?

You need money to "proceed ourselves" and as we have found out over a number of years, no one is prepared to lend it to us.

Rest assured monkeymo, there is still a pulse and we're constantly reminded how hard they are all working behind the scenes, despite the lack of apparent progress. One thing is for certain however. the Company bank account will be continuing to be reducing at around £250k per month as our fantastic teams are suitably remunerated!