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Going by the £1.7m end Dec cash position, at the time of the AGM, this must have been close to £2m, yet when Lionel asked if the Valkor money fails to materialise in time, we will run out of money in Q1 2024, Jason Miles basically agreed.
Now while I'm aware the BoD will have info they are unable to disclose at given times, as I see it, the JM agreement with Lionel's point was disingenuous to say the least.
Also, I have consistently voiced my frustration at the lack of BoD, (especially JM) investment in the company. We are now told he, among others are buying in at the 1.25p current raise price which I welcome. However, when coupled with the serious ambiguity on cash runway, intimated at the AGM, it does raise the question has the SP been deliberately subdued to allow BoD members to buy in more cheaply than they might??
On the positive side, we know the BoD are much closer to the action and if JM et al, have raked down the side of the sofa to find some cash to throw in, good news and SP uplift could be just around the corner.
All pure speculation of course!!
According to the Edison piece, cash reserves at end 2023 were £1.7m. Don't know where this info came from and it certainly was not the picture painted at the AGM??
If true, that should have given a cash runway to around end July 2024, which would explain the apparent BoD relaxed position re funding early 2024.
Can anyone else remember being told of the £1.7m end Dec 2023? or has Edison plucked this figure out of thin air, (doubtful).
"I support PR's view and further believe it is a quite likely scenario and an elegant solution that benefits all parties including shareholders"
It makes complete sense and the £4.5m each could probably be taken from the office petty cash of these giants. However, where it seems unlikely to me is the last part, i.e. benefits shareholders. I am now really beginning to fear we are being squeezed. Big business is big business and companies don't get big, unless they have a ruthless streak. I'm sure all our counterparties would not do anything illegal but acting immorally? I'm not so sure.
Sincerely hope I'm wrong and such a move £9-10m investment in QED woudl I'm sure be transformational. Moreso than any 3-way agreement or even a commercial contract from Morocco. We can but dream...
"Looks like someone has given up waiting. Each to his own."
Looks like that someone is Matthew Jones. Bad news if he is starting to sell out, this would anchor the price for some time. Hopefully just a minor adjustment to his holding.
Let's not forget since our intrepid leader smirkingly, slithered off the hook at the AGM with his "December" oxcrement, he has pocketed a cool £125k or thereabouts in salary payments.
Not a bad gig if you can get it.....
Whiskyman in danger of overtaking Stockbonce as the Chef Company Apologist and leader of the moon-howlers.
Brave man calling someone "pond life" from the safe haven behind a keyboard. Another loser who sinks to abuse when factual comments do not match his rose-tinted expectations.
Actually, I made the call to sell as my major holding is in my SIPP and being retired, I have some basic rate tax headroom in this tax year, before I start receiving my State Pension this May. It's called tax-planning!! not trading.
Now, potentially I may re-buy some more QED in my ISA depending on what happens in the coming weeks. Who knows, they may be out with the begging bowl again shortly and any OO is likely to be well below 2p, they way things are just now!
"All these “LTHs” announcing they’ve sold some shares. Now why would they do that?"
I assume you can read. I said I am not expecting any uplifting news in the near future and I expect the SP to go down. I've sold some accordingly.
Many thanks to the LTSH who took time out to visit QRF and those involved in compiling the report. While it it quite comprehensive, sadly, (maybe as a result of my current "glass half full" outlook) all I read was delay, red tape, push back etc.
We've gone from GETTING the tripartite agreement in December, to HOPEFULLY getting it by end March. I'm afraid my experience here, coupled with the glacier-like speed our "clients" move at, there will be no QED/MSC/CARGILL agreement in Q1.
I said some time ago, (and seriously hope I'm wrong), there will be no commercial contracts signed prior this years AGM!! Unless the BoD can produce a funding rabbit from the hat, I can see the SP continuing to track down in the coming months. I'm guessing that's why 46G has trimmed his position and I have just sold 500,000 shares myself and may sell more soon.
I appreciate it requires patience and that may be fine for some, but for others having been told "this time next year" on an annual basis, the talk of great success in 2025 remains like the needle is stuck. Some of us are not getting any younger and after 12 years of waiting for the big pay-off, patience is wearing very thin.
"I am not sure the Moroccan client would need "what we are doing with bioMSAR" to be explained to them as they have already seen it in action"
While the "client" is aware of MSAR and BioMSAR, it could be they were shown the concept and early progress on the utopian future fuel BioMSAR ZERO??
If it is OCP as many have suggested, they appear to be very environmentally committed and while they may be happy to switch to MSAR initially, with BioMSAR following, the holy grail of BioMSAR Zero could be the end game fuel which convinces them to work with QED for the long-term.
"Therefore what's slowing up the three of them just getting pen to paper to say they have an agreement to trial the fuel and that further logistical details will follow."
Certainly makes you wonder/worry? Are they trying to squeeze us dry in order to get our technology on the cheap? A cleaner, greener, cheaper fuel could be made available yet MSC appear to have no urgency whatsoever to get this on board.
Also, I hardly think labelling someone as "glass half full" is insulting. It;s basically saying they are positive or optimistic, ergo "glass half empty" the opposite. While being invested in Quadrise, I have found it easy to switch from one to the other on an almost weekly basis!!!
"Is it any hope here ?"
About the same as Petroteq, another "oil sands" get rich quick scam where unscrupulous executives siphon off Investors hard earned cash as salary payments, while achieving the square root of zero!
The way this MSC trial has dragged on I certainly don't expect it to start in Q2. In fact I'll be surprised if it starts in 2024. As has already been said, they could have commenced the MSAR trial ages ago but now "allegedly" want to trial both fuels.
With the acceleration of the experiments to produce BioMSAR Zero, it wouldn't surprise me if they (MSC) chose to can MSAR and delay the trial until the 2 BioMSAR fuels are available!!
Bang on!
He's basically saying, we await confirmation of financing for any of the three potential Utah projects. Not one inch further forward on any of these projects as far as we know. Much hype over nothing...
Not sure he meant to say Greenfield, he quickly followed it with Heavy Sweet Oil or Ecoteq so might JM was a bit fuddled in his memory?
Surely funding achieved would have to be RNS'd to the market
With the "green" prospects of our future development fuels, it beggars belief that the UK Gov are not willing to get behind such initiatives. Also there should be more interest from Ethical and ESG funds wanting to get on board??