Member Info for WongaFC

I believe the outstanding amount is $1.7m Joe, having already advanced $300,000 against the £2m due for 10% of TSHII

McDoog;
"there's never been a champion, neither an individual politician nor a Green organisation or group or company that has publicly promoted, endorsed or recommended the benefits of using QFI's MSAR."

That's because they are all too busy pandering to the idealistic, tree-hugging, vegan wokes by avoiding mentioning anything at all involving the continued use of fossil fuels.

Until someone in authority stands up to these sanctimonious, (often hypocritical) windbags and their completely unrealistic demands, we are left tiptoeing around the issues. They need to be told "Fossil fuels are here to stay and will be for decades to come. What we are doing is working on ways to make them less pollutant as well as increasing the production and infrastructure of alternative "greener" solutions. In the meantime instead of gluing yourself to the road, take a huge pinch of reality". Rant over.....

I'm expecting another extension to the 15th and the SP back down to low 50s. Would be delighted to be wrong tho...

From the company statement prior to last year's AGM;

"Business Development
A swift and proactive approach ensured that Quadrise has been able to mitigate, to a significant extent, the impact of COVID-19 on its business development and project activities. As a result, Quadrise continues to build positive momentum and demonstrate significant progress in several key areas.
Morocco. As announced on 26 October 2020, following the completion of the Pilot Trial at one of the client's industrial facilities in Morocco, work has continued on the phase 2 study and planning for the larger industrial-scale trial at another of the client's facilities in Morocco that is being carried out under an amendment to the original agreement. The phase 2 study and the industrial-scale trial are scheduled to be completed in Q1 2021, for which QFI will be paid £100,000. Pending a positive outcome, a new agreement will be finalised for the phase 2 trial that is being planned for Q2 2021 and is the final precursor to commercial roll-out. The purpose of the industrial trial is to de-risk commercial roll-out and fast-track the phase 2 trial, which is similar in scale and will utilise the same MSAR® trial equipment currently being assembled by Quadrise."

How they can reconcile the above two paragraphs to where we are now 12 months later will beggar belief. Proactive action to reduce Covid implications? yet 1-year later we learn there has been little or no progress. Let's hope the Institutional Investors now on board can demand answers as to why? Let's hope Mike Kirk's replacement can drive the projects forward with a bit more urgency, (I know Indigo, it depends on the client) especially in Morocco where they have already told us the client was very eager to progress things after the initial trial!!!

Doubt it.

Fossil fuels will continue to be used 100 years from now, albeit probably via more environmentally friendly technology.

If it turned out Shell was behind the Viston hostile takeover bid for Petroteq and the next step in their strategy was to take out Quadrise. What would be the minimum offer you would accept to tender your full holding??

Personally, anything over 10p would be seriously tempting and 20p, I'd deliver them personally

The world would certainly benefit from QFI technology even though it would take a long time and significant investment to get it up and running to any major level but the world does not "need" it and has managed fine without it so far. In cases like Mexico, it could be argued tech like QFI's could be needed as they seem to be having problems with storage capacity for low grade oil waste byproducts, let alone the economic advantages.

We could be in for an interesting fortnight with Petroteq due to give their formal recommendation/rejection of the hostile bid in the next few days and Tomco's announcement on funding, or a further extension by 15th November.

Who knows? there might even be an update, or a bit of good news from Quadrise as well. We live in hope anyway...

Colins;
"the big oilers I am sure do not want this to succeed, how would they get rid of their crap."

That's exactly where QFI come in! Once "the big oilers" have refined their "quality" products from the crude, they are left with exactly that, CRAP! The MSAR process mixes the crap with water and (as Gerry Bailey might put it) "secret sauce", to produce a cleaner more efficient fuel than heavy fuel oil.

I have more than enough invested here and free'd up some capital in the hope the TSX would re-start trading Petroteq in the near future, allowing me to top-up my position there. However, if the QFI SP gets much lower, I will be sorely tempted to increase my holding here instead.

I'm giving this stock until end next year at the latest to make my fortune! (Ha!) I hope to see a nice uplift in the SP long before then, allowing me to cash-in some of my position along the way. Whatever happens, I will be de-risking my investments considerably before full retirement in Jan 2023.

I thought one of the benefits of MSAR was you didn't need a refinery?? I assumed the MSAR would be produced at the client's site using their conventional heavy oil and producing the MSAR via a MMU on site, certainly for trial quantities.

I realise we will need much larger quantities for LONO trials and commercial roll out when refinery(ies) capacity would be needed. Obviously the 2nd Morocco trial quantity can't be produced on site as they have "reportedly" been trying to get this MSAR produced.

Re. the SP drop, just more MM manipulation to shake out sellers IMO

Yes, if the MMs have their way!!

I can never understand why the spreads listed on here always appear to be much higher than reality. Take Tomco for example. A company with market cap about 20% of Quadrise but their indicative spreads are always much tighter.

I think it's MMs attempt to panic sellers. First thing today, a couple of sells @ 3.23p for less than £100 total. Then a whole day of trading where the price is never below 3.30p, then low and behold the Bid ends the day back at 3.21p.

While I'm holding for the long-term returns, hopefully 10p+ in the not too distant future, it is frustrating to see this manipulative practice day after day, which might catch out less assured investors.

JoeYangtse;
I did not include sand value as this could be mostly eaten up by transport costs for oil and sand. I said it was a conservative value and only used 300 days to allow form breakdowns, maintenance and bad weather disruption. I also omitted the potential for MSAR & BioMSAR to add value by removing refinery costs. of course 2 plants producing 10,000 bpd would be even better but I wanted to keep things simplistic for less well-informed potential investors here.

Estimated figures have been reported as approx $120m required for TSH buy-out and construction of one 5,000 bpd plant.
Taking a conservative approach; 5,000 x $40 (profit per barrel) x 300 (days production) = $60m per year, covering the cost of set-up in 2 years. Thereafter, $60m profit per annum for a company currently valued at around £10m.

That's my dream scenario "borrowfundsfrommummy"

Possibly include Valkor in the JV for their existing engineering expertise and perhaps MSC as an end-user of the low sulphur BioMSAR???

Tomco now seeing a significant uplift on SP with no news or updates. Could be a leak of info re. financing for initial 10% purchase of the TSH oil sands holdings?

With the speculation around Petroteq getting to fever pitch, it could be the oil sands story is slowly spreading among retail investors.

Let's hope the Greenfield 5,000 bbd project gets underway soon and Quadrise join in the associated positive upward movement with our part in the project becoming more apparent to buyers...

Something doesn't smell right re. Moroccan project. Over a year since the first trial completed and according to our own board, the client is very keen to progress. Pity as I thought this was going to yield our first commercial revenues.

If what we have been told recently is true, I now think Mexico could be the first project to get to commercial basis as their need is great and it should be a simpler route to production.

At least for me, the boredom/lack of news here is somewhat sidelined by the excitement/activity over at Petroteq. If the hostile takeover offer comes to fruition, or even a better offer comes along, the returns will completely de-risk my large position here.

The next 6 months should be very interesting indeed.

Hope to be proved wrong but my guess is;

Q4/21 Morocco Complete trial Site B
Q4/21 Greenfields Sucure clients for Utah fuel
Q4 Further enhanced testing at Aquafuel on high-speed 4-stroke test engine.
Q4/21 MSC Finalise LONO Trial Plans

1, 2 & 4 - not happening this year. 3 - Yes further testing will continue but no nearer revenues!

I hope he hasn't got furrylungs DPS???