Member Info for WongaFC

I agree Vince, especially at the successful trial stage. They may want to muscle in before contracts agreed though as these could be very lucrative and I'm sure a big player, (like Shell) would be able to negotiate a much better contract with MSC than Quadrise ever could!

"Equally my fear in this scenario is that we would quickly get bought out by (Shell?) at a fraction of the true value. Thoughts anyone?"

For Shell, or anyone else for that matter to buy out Quadrise they would need to offer a price tempting enough to secure over 50% of the shares. I don't think there's any way that would happen while the SP is still in single penny figures.

If the offer is tempting enough, it might however be the exit many of us LTSHs have been looking for.

https://shipandbunker.com/news/world/930776-worlds-largest-shipping-firm-signs-five-year-partnership-deal-with-gcmd

This is why I thought MSC would use MSAR for freight and BioMSAR for cruise ships

Hoping for a major tick up on successful completion of Moroccan trials!!

That's quite a pessimistic/depressing take on things Vince but I suppose the current SP is reflecting those chances of success.

For big shippers, (like MSC), oil majors, (like Shell) and large industrial concerns, (like OCP), there is an urgent requirement to show they are serious about their ESG policies and carbon reduction strategy. Partnering with QFI, even on a limited scale initially, allows them to promote another string to their ESG bows.

I get your point Stumpy but big oil supplying HFO is not going to be a viable mid to long-term strategy for the marine industry. They should be keen to get involved with MSAR as it will primarily still involve HFO as part of the feedstock, Rather than a hydrogen or methane option??

Yes, they are a disaster area, with huge debts, disgraceful environmental standards and oil storage shortage issues, all of which could be helped by the adoption of MSAR.
There are none so blind as those who will not see.

Going by past performance of Tomco management, I wouldn't read the short extension as meaning the funding is close to being in place, rather TSHII are becoming disillusioned with Tomco/Greenfield and this could be a last chance saloon??
I'll be delighted to be proved wrong however...

Trading volume certainly picked up on today's news although it baffles me why anyone would sell below 1.5p at this stage. Unless of course they are short-term profit seekers who bought in recently at 1.2-1.3p??

Yes, another positive step forward along the road and I can't say I'm not disappointed to see the SP not react more positively, especially as nearly all today's trades appear to be at the offer price, (buys). But, I suppose this SP never fails to confound me.

Unless they have knowledge of major financial backers waiting in the wings, the BoD must be aware further fund raising through LTSH is likely to be a huge failure. They really need to get Morocco over the line sharpish, with a commercial contract agreed and supplier arranged by end June IMO...

I wouldn't read too much into the indicative prices on this board No1plasterer.

Having watched this stock for over a decade, I firmly believe there is an regular element of manipulation, in order for MMs to match up buys and sells. On an very regular basis, (almost daily at times), I notice a very small trade at a outlier price. Today's first trade for example, (I call it a dummy trade), around £50 at 1.33p sell. Low and behold someone (panic?) sells 100,000 shares at a more realistic price and then the volume drops again. These "dummy trades" as I call them happen so frequently, I believe they are designed to get people to panic trade. Any one else noticed this?

I don't know how much actual buying demand currently exists and there may be a fair number of limit buy orders sitting in the 1.2p-1.3p range. However, I still believe there is very little sell demand at these historically low prices.

Anyhow, let's hope for a good sustained run upwards and hopefully we can say goodbye to these lowly prices for good!!

Not great volumes trading and there seems, (to me) to be upward pressure on the price. Are the MMs struggling to find sellers??

"This will pass 2p, if the trials go well, and contracts are signed, so he will get it right eventually ;)"

This will pass 2p on confirmation the trials have started. If trials go well we should see further increases and signing of commercial supply contracts would see the SP well over the 2p figure, maybe 3-4x that IMO. It would indicate the holy grail, (a paying customer!) with the other current players and potential bandwagon boarders, could see a complete re-rating of the stock value.

Noel will be very disappointed.....

It would be nice to read a regular flow of positive updates over the next few weeks/months, e.g.
Final preparations complete for Moroccan trials to commence ?????.
BioMSAR test results issued.
Moroccan trials for both fuels now successfully completed, negotiations on contract for commercial supply now underway.
MSC Leandra booked for dry-docking on week?? preparations for LONO trial will take place along with other maintenance work required.
Agreement has been reached between QFI, MSC and ????? for production of both fuels for LONO trial and potential Moroccan supply requirements.
etc. etc. etc.

This would make it easier to attract new investors as well as keeping existing ones happy and would I'm sure have a positive effect on the SP should further fund raises be required later in the year.

Or will it be back to radio silence for another 2 months?? and the SP back down to sub 1.2p

Hold the bus colins!

The SP rises by a quarter of a penny on MSAR clearing customs and the hyper-optimism starts again.

Let's keep our fingers crossed we get to 6p first before suggesting any corners have been turned, or success is "imminent". While it is nice to updated by today's RNS, we are still a very long way from the promised land.

Yes, 2 weeks for the trial but I was allowing for the usual "delays" giving them 5 weeks until end Q1. Won't be surprised if it takes longer though....

Ha ha! like anything QFI does has ever run like clockwork!!

It would appear the relevant bungs have finally been made and the MSAR now available for the trials. We've been told the groundwork was taking place in preparation for the fuel arriving so hopefully the trials will commence soon and be completed by end March at the latest. Thereafter a commercial supply agreement in place by mid-year??

I doubt there is one OHS.

We allegedly did a small trial three years ago and was told it was a great success with the (secret) client very keen to carry out more large scale trials at a pace. Since then we've had any number of excuses, from covid, change of team at client, customs issues, which apparently have seen three years go down the Swanee.

I'm sure a commercial contract is "imminent" though???

I won't invest another penny and am praying for one more bullish run to north of 5p some time this spring/summer, at which point I will unload 90% of my holding. My dreams of the £1 club, or even 50p club are dead.

"Down, down deeper and down".

Looks like Noel is the one with the crystal ball although like QFI, his timelines are way off!