Member Info for WongaFC

Top 10 in AIM risers today again. As Steve Winwood might sing "keep on running"

Well at the AGM JM seemed to think it would result in a re-rate.

It's funny how my outlook/opinion changes. Until recently I was very much of the opinion we should concentrate on getting 1 project over the line, leaving others on the back burner until commercial success has been achieved.

Now I'm taking great comfort from the number of projects we seem to be closing in on which does de-risk our future against one of them falling by the wayside.

OCP talking about using MSAR across whole site, 8 (kilns?) which JM intimated each would burn the same fuel as a containership. How excited would the market be if MSC, Cargill or any other shipper announced they are going to run 8 ships on our fuel?

The refinery in the Far East could also be a quick turnaround from concept to commercial use, in comparison to Morocco/MSC

Thanks for the link Maggulus, busy time for our team and by the sounds of it, only going to get busier in the near future. I too began to wonder about future additional recruitment.

Given the position of the company and proximity to commercial success with huge potential for future growth, it beggars belief you can still buy in at sub 2p.

Keep the good news coming please.....

Resorting to insults.

A sure sign someone has lost the argument.

"You’re a balloon, end of."

How very childish Whiskyman. Just like you'd normally find at the "end of" a "balloon"

No Whiskyman, there you go again, mis-representing my words. I do not expect him, or anyone else working on behalf of the company to meet their own expenses. BUT your statement "zero cost to QED" suggests exactly that. You expect him to meet his own expenses.

It appears you come on here constantly trying to pick holes in other poster's statements. Today I have given you a taste of your own medicine and it would appear you don't like it.

FYI, I am not a trader of this stock although I did do a bit of buying and selling back in 2012, in an attempt to build my position here. I recently sold a small portion of my holding for tax purposes and luckily as I moved the capital from SIPP to ISA the SP fell allowing me to take up my maximum at the recent offer, as well as buying extra on the open market. I now hold my highest ever position (share number wise) in QED. I have my exit strategy and sell prices, which are movable. I want success for QED. I would like to see the SP move in one direction, UP. Any negative sentiment is purely frustration at the time it's taking.

And FWIW, I would have been happy for Youness to be awarded the same number of warrants (13m) but all conditional on a signed contract with OCP.

You seem to spend all your time trying to pick holes in what other posters are saying

"So far, he has worked for free, at zero cost to QED"

You know this for certain? Does he not have a "retainer fee"? Or expenses billed to QED. You must be very close to the action to be able to state "zero cost to QED" with such certainty.

We have an agreement with Youness to represent us in Morocco and while the OCP project is no doubt his primary focus on our behalf, are we to believe they are the only business in Morocco burning HFO?

While waiting on the glacial progress of the OCP project, could he not have approached other potential (smaller) clients who might have been able to move more quickly? Seems not, or he has been stonewalled at every other turn.

I'm sure all will be rosy once OCP sign on the dotted line but until then his agency work in Morocco, on our behalf, has failed to yield any business in over 5 years, one of which was lost to Covid.

At the risk of sounding pedantic, the warrants have not been extended. They expired as stated in the RNS. There has been an addendum to the agreement which included the establishment of new warrant awards, some immediate and some conditional.

If OCP do end up signing a commercial contract, Youness will indeed receive many credits for his involvement and I will be personally thankful for his efforts too.

Again, my words are mis-represented. He has been awarded warrants. Where did I say he was given shares? Of course he will need to purchase the shares awarded via the warrants, should he so choose but he may be able to buy at a very attractive price should his efforts come to fruition.

As you likely know fine well semaphorRed, I was referring to the warrants which expired, not the agreement to represent us in Morocco.

Where did I say he was to blame for the delays? Don't put words into my mouth.

I merely questioned whether his "performance" merited this new, potentially increased award and the timing of the initial tranche before commercial supply signed.

"it's literally performance pay"

And the reason it expired was due to failure to "perform" within the agreed timescale.

Over 5 years to get to where we are now and I agree, there should have been no awards made until commercial contract signed. Whether his "performance" deserves an overall increase in warrants is debatable.

Tragic.

Puts all our frustrations into context.

"They’ve already announced Mac2 and Cargill as LONO suppliers from NW Europe"

Yes I know but they seem to be having a problem getting an agreement between, (I can only assume) MSC and Cargill. Six months have passed since we were told to expect this agreement in December. What's the odds on the stalemate lasting another 6 months? Meanwhile, if (CESPA?) are producing MSAR for OCP post-trial, MSC could easily decide to trial MSAR from this source as well.

While any uplift in SP is welcome, a tenth of a penny on the back of this RNS is ridiculously low and reflects the record of our BoD in failure to get a project to fruition.

Hopefully this time it's different and the market wakes up to the fact sooner rather than later. I believe tie-ups with Valkor and OCP alone would be enough to make QED a successful company. MSC of course, would be another level altogether and there's always the possibility of other left-field clients coming on board too!

Good times ahead...

"QED have been clear on fuel supply for both"

And of course, QED have always been spot on with everything they say!

The world's worst kept secret is out, OCP the mystery Moroccan client. For me, the naming of the client is just as, if not more significant than the agreement itself.

Certainly hope for a greater rise in the SP than seen so far on the back of this RNS but who knows? I always have the gut feeling something is artificially holding down the SP, although that could just be my wishful thinking.

I wonder if the talks with potential suppliers are also linked to the MSC trial? I guess we shall see. Who'd have thought it, Utah and Morocco leaving MSC in their wake as they move closer to commercial supply?

Depends how you look at it. We could make millions from MSC but depending on adoption rate, the could save 10s of millions from QED,

If JM was CEO they wouldn't be making any turnover but still continuing to trial new drugs!

It looks like based on core results, Valkor are aiming to commence production next month.

https://www.valkorgroup.com/news/uinta-basin-well-8-4