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Crazy right enough, especially considering the "partners". The flat price has certainly caught out JM who, like many here, was expecting a significant re-rate.

Hopefully it will rise in time...

Kitkateat - the expert on all things Cargill apparently??

"Cargill has acquired 42 companies, including 11 in the last 5 years. A total of 8 acquisitions came from private equity firms. It has also divested 22 assets. Cargill's largest acquisition to date was in 2021, when it acquired Sanderson Farms for $4.5B."

"To Cargill, buying us out when everything is proven would still be backpocket change to them,"

Same for Shell and MSC and no doubt many others. Could be a bidding war, (I hope!). If one of these giants want to get ahead of the curve, they could move quicker than LONO end.

Remember the majority of shares are held by PIs so they (whoever that might be) just have to come up with an offer tempting enough to secure a controlling stake. Who knows when or what that hypothetical offer would be???

You not approaching the 3% mark yet 46G ;-)

It's obvious to expect "project expenditure" to be lower than budgeted for as our projects have all been delayed, time and time again. Still have expensive salary costs to meet each month though, so funding very much remains a concern if not in the immediate future.

Given the financial clout of our global partners, I would hope we'll be able to raise capital from specialist lenders without punishing dilution at this joke of a SP.

We'll see

While delighted to hear of our "partners" in the agreement, I am underwhelmed with the lack of positive effect on the SP. Sadly, it always seems to be this way now, as if some strange force is subduing the price??

Having listened to the Director's Talk interview, initially all I heard was next few months, next few months, next few months....... Although a crumb of comfort in the suggestion they have been conservative in their spending of remaining capital.

With the 50p and £1 nutters out in full force, to provide some balance here's what I read into the situation.

MSC trial will not commence in Q2 and depending on further delays maybe not this year.

Moroccan client??? will request further testing before committing to a commercial supply contract. Again not by mid-year.

Utah/Valkor, continues to move at snail's pace, no funds from there first half of year.

I seriously hope they have more or less agreed II or Investment Bank funding of at least £6m as that's what I believe will be required to get to commerciality. Without some really positive news in the next few weeks, we'll be lucky to make it to 10p this year??

I'll be delighted to be proved wrong though!!!

I guess it's the "funding" elephant in the room, coupled with the ifs, buts and maybes in the RNS making the SP rise very muted. Certainly not the re-rate expected??

Just checked my HL account, unusually they have the SP at 2.50p!!

I noticed VSA Capital listed in the RNS, could they be involved in the funding issue? Can't remember reading their name previously but seldom scrutinise the RNSs

"JM needs to not mention anything for at least a week whilst HE1 does its thing. haha."

I think you're pretty safe there. I can envisage this year's AGM, (if we survive long enough to have one?) we'll still be discussing how close we are to a Moroccan contract, Valkor money and the imminent commencement of the oft delayed MSC trial!!!

More than ever we need a big player to come in and buy us out. Our incompetent management will never take these fuel concepts to fruition.

In the absence of the December statement, I expected the SP to fall back to sub 2p earlier than this and was surprised how well it had held up.

Down down deeper and down, well done our clown of a CEO!

"Either SUCCESS OR FAILURE, just choose one QED, because this whole story about our wonderful is just plain boring now."

Why would Smirker Miles choose failure, while he can keep rinsing us mugs for £millions. He's pocketed the thick end of £100k since his BS December nonsense. He may be a globally renowned Chemical Engineer but as a CEO he is proving to be an absolute clown, except not a funny one!

I'm beginning to see this as a scam rather than a life-changing opportunity. Is there even a Moroccan client? Did the trial actually happen? I've always wondered why a potential client, looking to improve their environmental credentials, wanted to remain secret. Normally companies trumpet their green credentials from the rooftops. Perhaps it's QED who want to keep this supposed client secret, so they do not de-bunk what QED have been saying. It's all very strange to me, constant delays followed by excuses then nothing. All we have left to cling to is JM's word and we know how reliable that is!

And no! I won't be selling up and moving on, until I decide it's the right time!

I'm hoping he did and was sworn to secrecy, as he made a huge buy shortly thereafter;-)

Count me in 46G, hopefully end July early August to coincide with Glorious Goodwood!

Be nice to revisit the downs in mid summer...

"to secure the 50% + 1 share required"

75%

It would need 75% vote to sanction delisting, however a buyout would only require the purchaser to secure 50% +1 which gives them control of the company. If successful, they would then have to offer the same price to the remaining shareholders, should they wish to take up the offer rather than be at the mercy of a new owner who has control of the company.

Also, a debt backed de-listing buyout is also very unlikely and there are little tangible assets nor any income to secure the debt against!

No, any de-listing/takeover is going to require someone with deep pockets as the offer would probably need to be significantly over the current SP, to secure the 50% + 1 share required.

A company listed on AIM must follow de-listing rule 41;

"An AIM company which wishes the Exchange to cancel admission of its AIM securities

must notify such intended cancellation and must separately inform the Exchange of its

preferred cancellation date at least twenty business days prior to such date and save

where the Exchange otherwise agrees, the cancellation shall be conditional upon the

consent of not less than 75% of votes cast by its shareholders given in a general meeting.

15

The Exchange will cancel the admission of AIM securities where these have been

suspended from trading for six months.

Cancellations are effected by a dealing notice."

Given our BoDs paltry shareholding, there is no way they could do this without shareholder approval. A more likely scenario would be a de-listing coupled with a buy-out offer, or tender offer, (as per Viston offer for Petroteq).

"Wondering which one it will be though, funding or agreement…"

IMHO, if it's funding, (by the usual begging bowl to LTSH) without agreement, they could really struggle to raise significant capital. I really hope that doesn't happen but my patience is wearing thin waiting on this (December) announcement.