Member Info for WongaFC

Is JP another "down right" you know what?

Yip and let's hope they're finally getting the message. Unless they get their fingers out, their gravy train will be shuddering to a sudden halt sometime in 2024.

That is a very depressing read 46G and a great indication of our BoD's failure to get ANY project to commercial status. Over a decade of "jam tomorrow" promises, with zip delivered. They really should hang their heads in shame at how a succession of top executives have screwed millions out of the company with little or nothing to show for their (reported) efforts??

This really is like playing the lottery. Every week I wait in anticipation, hoping for news that will be really life-changing but of course continuously being disappointed. However, with every passing week/month, as we hurtle down the (cash) runway, I'm beginning to have more hope of actually winning the lottery, than of QED ever changing my life!

Yes, another month slips by and another big payday, (for some), while the silence continues, suggesting not another inch of progress made, reflected in the sub 1p share price.

As a "first time investor in the stock market", perhaps you should have chosen a less risky venture?? I hope you are prepared to lose your £2k. It could pay off massively if the company's plans come to fruition, however, us LTSHs have seen too many false dawns to get over-excited anymore.

Good luck! We all need it here....

Sad thing now is, we could get good news, (please!) and with it a 100%+ rise and still be under 2p. This is definitely the most despondent I've been in the last 12 years of holding shares here. A huge turnaround in fortunes required, can they do it????

It would appear HSO and AC OIL decided to submit their approval request based on historic findings and studies rather than producing their own "proof".

Perhaps they did this to save some of their own cash, using funds raised on a successful hearing instead. They need to get drilling with existing permits, if they don't do this with urgency, perhaps it means they are not as committed as we thought?? I would like to think they are reading the riot act to their lawyers for their amateurish incompetence.

I wondered the same OHS, I thought Tomco would have been more adversely affected. Weird!

Look on the bright side, a 20% drop is much less painful when the SP is crap anyway. A drop from 5p to 4p would have been far more costly in £s that is.

I'm sure our wonderful management team will see this for the minor distraction it is/was and assure us there are bigger fish to fry. The future is so bright, we're going to need sunglasses!

Now where have I heard that before? Hmmm

"Steve Byle totally misled JM"

If so, at least he'll now know how we feel!!

Never mind only a few days until pay day, that will cheer him up.

Pleasantly surprised the SP has remained 1p+, I thought last weeks reported trial inadequacies might have taken us down to 0.8p or thereabouts. I struggle to see who would sell at these prices while we have a lot of potential positive news flow between now and the year end.

However, if we're no further forward by the year end, the option to sell at 1p may no longer be there?

Thanks DoN, let's hope we get good news from Utah this week to counter last week's setback

A question for the more technically knowledgeable among us;

Apart from volumes, are there any other differences in the equipment being used for this industrial trial? The initial trial, carried out years ago, seemed to be a great success, or so we were told.

"The Morocco client must think Quadrise are a bunch of amatuers."

And they'd be absolutely right!

Wouldn't surprise me if it was the shares recently bought by the BoD that have been dumped. Yes I know it would be insider trading but based on previous incompetence, they probably wouldn't think they are doing anything wrong!!

"If all 3 project move forward to the current timeline"

And that's a 100/1 shot right there!

More than half of August now gone, amidst the continued wall of silence. Still, just another 10 days or so until the next paycheque thuds into the staff bank accounts.

"When or if the Ball starts rolling how soon do you think it's going to get to 50p?"

If the "phantom" Moroccan client eventually becomes real, with a bit of luck on a successful trial, we might see 5p by the year end. Sadly, I don't think 50p will ever be a reality:-(

It must indeed be very complex DoN, or it would have been sorted long before now. However, I think the BoD now understand they are (probably) in the last chance saloon and they need to achieve some tangible progress sooner rather than later.

I disagree with your absolutely awful markets assertion however. As more and more of the investing public look towards ESG investment for new money, giving "green" fund managers a greater slice of the investment pie, I would argue there has never been a better time for a company with carbon-reducing credentials to attract investment. I also believe if the BoD could have secured £3-4m via a placement, they would have done so, citing "cheapest way to raise finance" as their reason for no existing shareholder offer. The fact they didn't tells it own story

Well said Vince, does this show the benefit of having a diverse management team rather than a team of scientists/engineers?

Take Jason away from his microscope and he's a fish out of water

We know a smaller trial was carried out successfully, however a (Successful?) completion of the industrial trial is merely step 1. Results will need to be fully analysed and these results will have to show significant, positive benefits to the client in order to be taken further.

Many many hurdles still to cross and I honestly believe if Morocco was going to be a success, it would have happened by now and I don't mean the trial, rather the whole commercial deal signed and sealed.

Sincerely hoping to be proved wrong but I have very little optimism left due to lack of progress since first investing in 2012.