Member Info for WongaFC

"@WongaFC, why don’t you sell some more of your holding if you’re that unhappy?…... It might even push the SP up again 😊"

Who said I was unhappy SJS? I sold around one third of my holding and invested elsewhere, (doing nicely thank you). I may be getting more and more impatient but am currently happy with my remaining 5m holding and modestly rising SP.

According to Stockramp, the MSC trial will be starting soon so I am fully expecting the SP to continue upwards, as surely he can't be wrong again???

"I wouldn't want to meet half the people on here"

I expect the feeling would be mutual for more than half those on here?

Anyhow, I didn't think you'd be interested in a £1 party, instead holding out for the £5 party. Personally, a 10p party would do me....

"We know, you tell us on a weekly basis 🙄"

Rich, from our resident P/E Ratio ramper.

"It is of course a long term hold that most people these days can't be bothered with, they want their profit today not in a few years, but they lose out big time on the long term returns."

The 12 years+ I've been invested here is hardly "a few".

Pay no attention to Stockramp. He's been saying the agreements will be signed next week for the last 36 weeks, near enough.

OCP may well "want to buy our fuel" in future and there are obviously discussions taking place behind the scenes. BUT we have no way of knowing what is being discussed i.e. the details of any supply agreement. Perhaps OCP feel as "first mover" they will deserve a big discount on the prices we would like to supply them at? Or, maybe the opposite, they are so impressed by results they are happy to pay a premium price to get the ball rolling. Fact is, we don't know.

What we do know is that previous supply discussions have failed to materialise and it appears we can't even get agreement between the parties on the MSC trial.

I have no agenda. I want the success story to burst into life but I would also like to deal with realism, rather than speculative exuberance. As I say, each to their own but I have been disappointed too many times in the past.

I am also losing patience as having invested 12 years ago, I am now at an age where I would like to be enjoying some payback for my significant, (for me) financial support to QED over this time. It's a depressing thought making fortunes here when I'm too old to enjoy them!

"OCP, who we have completed extensive trials with and who have confirmed they want to buy our fuel."

OCP who are continuing to trial our fuels and have intimated their interest in possibly buying our fuels commercially. There, fixed that for you.

"We hav ebeen told Valkor are preparing samples to be sent to QRF."

Yes, ok. My bad. They have enough out of the ground but as far as we know, samples still to be sent. With all the false dawns and missed timelines over the last few years, I'm simply trying to not get ahead of myself only to be disappointed again. Each morsel of good news will be very welcome when it comes.........whenever that may be?

"By my calculations, about 70 Valkor wells producing 40 barrels per day will provide enough revenue to support an SP of about 10p (using a PE ratio of 25). You could argue a PE ratio of at least 50 is more appropriate"

All great if/when it happens although it would appear they don't yet have enough "bitumen" out of the ground to send us a sample yet?

"The Leandra is now shown as 'Underway using Engine' 'Position received 2 mins ago' with a destination of Antwerp (FINALLY!) with an arrival time of Sat 17th Aug 2024 06:00, giving MSC et al 9 or 10 days to sign off the agreements so the Leandra can fuel up with MSAR / bioMSAR before sailing off again."

Ha ha! funniest one yet! They've had 8 months+ to sign on the dotted line and you believe this will be done AND the fuel produced in 9/10 days! Wow, talk of being deluded.

We all know the great potential here and are desperate for it to happen but let's not get ahead of ourselves again!

One baby step at a a time.....it's the Quadrise way you know

""now we seem to have a large group of shareholders who are sick fed up of this share and looking to trim down exposure, or get out completely"

Absolutely no evidence of this whatsoever. Completely made up."

Ok then smart Alec, who has been doing all the selling?

Just taking a small sample of the posters on here, it's easy to see there is a fair bit of negativity due to glacier pace progress. I for one trimmed down my holding as a result, selling in tranches from 2.26p to 1.86p and investing the funds elsewhere. Am I disappointed with the recent upturn? Well sitting here with 5m shares remaining, what do you think?

Of course I'm not. Every 0.1p rise is very well received by me. I've been invested for over 12 years and QFI/QED success is long overdue in my eyes.

Each to their own....

"I know JM said he felt that there would be a rerating but whats people's thoughts."

Well AKHM, we know we can take whatever JM says with a bucket of salt!

A couple of years ago I think your figures of 5-6p would have been in the ball park. Now however, it appears any good news on this share is accompanied by a minor uplift, which is then traded back down again. Hence I think we would be lucky to sustain a 3p+ SP on the signed agreement.

IMO we need a stampede of new investors coming to QED to make any real difference. A signed commercial contract with OCP might achieve that in the near future? but sadly, now we seem to have a large group of shareholders who are sick fed up of this share and looking to trim down exposure, or get out completely, hence increased selling activity as SP rises will probably mean it struggles to gain traction IMHO.

Based on trends of the last year or two, I find it hard to see how we will get to 10p and best to forget the £1 party dream altogether.

I was under the impression the "exclusivity" to purchase the remaining 90% of TSH11 had lapsed and I can't remember it being extended again. If I am correct, and the Valkor/HSO project is a great success, then TSH11 will no doubt be looking for a much greater price than previously sought for the remaining 90%.

Tomco may only have the 10% to work with, although that in itself could be worthwhile if a similar path to Valkor is taken and a (possibly related) funder is found??

Good news indeed. A bit to go on both OCP and Valkor projects but a sure fire big step in the right direction on the latter. It's a shame the markets don't see the potential here yet. Hopefully they will realise before the year's out?

Fake moaning?!

I have been invested here for 12 years steadily building my position and supporting the company through its numerous failures. At the end of June, my holding was worth around £165k. Had I not sold some I would have lost over £50k in the last month. Do you seriously think I have no right to moan with a 33% loss in 1 month? Selling has saved a bit but still very annoying to see these falls as we go through the inevitable (positive news/fund raise/radio silence) cycle again.

Shame your pointless daily update on Leandra's whereabouts hasn't had a positive effect on the SP. I wonder why?

"Trader talk for 'keep on bashing, nearly at my buy back in price'"

Not a trader Fyoz but have sold 2m shares this month. The funds have been invested elsewhere as my patience with QED continues to wane. No intention of buying back in here......at any price!!!

"The lack of comms from QED is because they have nothing to say because naff all is progressing"

And yet we're continually told the "Team" are working their socks off behind the scenes. Working hard and achieving nothing? Something's not adding up. I visualise them sitting in their offices, twiddling their thumbs waiting for the phone to ring. Oh no, wait, I forgot, they're allegedly too busy to answer the phone....hmmm.

SJS, as you know, there are many "moaners" on here and quite rightly so. The company leadership are not doing what they've said they would for years now.

Happy to support and praise them when they deserve it but continued failure (so far) should be called out. Better being a realist than a happy clappy sycophant.

"Leandra just about to dock in Houston. https://ibb.co/tPbkDDy"

Hoop de doo! That's the earth-shattering update we and the SP have been waiting for. Back up to 2p today no doubt.

Be more use if you were tracking where the hell JM is and what he's doing day to day as another £20k+ is about to hit his bank account.

Week after week, month after month, quarter after quarter and sadly year after year pass, with nothing but experiments, trials and negotiations. Where are the commercial contracts?????

What the hell does it matter where Leandra is just now?

Until the outstanding agreements are signed it's entirely irrelevant. For all we know it could continue on its various routes for the next 6 months without our trial starting. I hope you're not going to tell us every day where it is now?

"Vince..I wonder if they have started building the yacht yet or maybe it is still at the design phase."

Perhaps they are building a model yacht first with a miniature engine to do the trials in the bath before going offshore. Obviously the miniature engine will need to be tested by Aquafuel first on dry land, before the miniature engine manufacturer will agree to the in-bath test. Fuels for the Aquafuel testing and in-bath trials will be produced at QRF.

Following successful completion of these trials the QED management team will be working flat out to identify a fuel supplier for the big yacht test. The company expects these trials to be concluded imminently with talks on a commercial supply expected to take place soon. we're 9.5 tenths of the way there and can almost taste the sweet smell of success.

PS we might need another fund raise soon, so I hope you loyal LTSHs have been saving up your pennies so as not to miss out on this opportunity of a lifetime and join us on our march to the FTSE 100 blue chip status.

All hail King Jason!!!