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Lowlife,
"you do realise QED is a growth stock ? Right ?"
Ha ha! it's certainly not an "income" stock, is it? Of course I know it's a growth stock and to get to 5p from where we are now, requires around 100% GROWTH!
At this time, any talk of £5 a share is pure moonbeams......
"This is about once again JM confidently proffering an outcome knowing all to well his cards are weak and has no control on when this contract will.be signed."
Yeah, it's beginning to look more and more like he said "December" with no ambiguity, as a pacifier to the questions from the floor at the AGM. This constant over-optimism on project delivery, followed by delay after delay, tends to cause the SP to be volatile, a trader's dream! Maybe he would choose his words more carefully if he had more skin in the game? I wonder if his rhetoric and behaviour would be the same were he sitting on 50m shares???
While the Moroccan client will have its own due processes etc. if they deem the results enough of a benefit to operations, (and green agenda), they may look to expedite the talks and get a supply contract in place, sooner than anticipated.
Remember, we have been told on numerous occasions, (backed up with their patience re. teething issues) the client was very keen to progress the trials. Surely it makes sense for them to start using the fuel asap??
Yep, as I thought. If it wasn't announced at or before COP28, then for me December was very unlikely. Looks like another blot on Jason's copybook, although like I said previously, a January announcement might work out better from a market awareness point of view??
No sign of the optimism waning on here which seems to be reflected in the SP holding up well.
Despite this and previously saying I won't be buying or selling, I have made a small sale today, (less than 3% of my holding). This is to free up some cash should another fund raise be required early next year.
Hopefully the much anticipated announcement happens soon and a fund raise is not required, or required from a much higher SP, in which case my minor regret at selling any, will be overwhelmed by my delight at the value of the remainder of my holding.
In a worst case scenario, (no announcement prior to another raise) I'm sure the SP will be significantly lower, allowing me to buy my full position back via the offer. As ever, time will tell.....
I know there is still time left in December but have more or less consigned myself to "no December announcement" belief, making Jason's AGM rhetoric another can-kicking exercise. I was really fooled by him this time as there was no ambiguity in his words.
Given the proximity to the holiday period, perhaps an announcement in early/mid January might gain greater traction from the market than one would now. Who knows? Good to see the SP remaining solid in the meantime and I still retain a slight glimmer of hope for December. Not selling or buying though and won't be until the SP moves up significantly from here!
I'm beginning to think we've been led a merry dance by Jason and his (yet another) time-line over optimism.
Still time left in December obviously but given past experience my half full glass is starting to look half empty.
While the question of future funding remains an anchor to the current SP, I don't think it will be an issue for us. It would be nice to see a proper long-term funding package as part of the proposed (December???) announcement. Failing that, should a fund raise be required in Jan/Feb, the landscape has sufficiently improved to suggest to me, a greater appetite for shares and a better chance of success in raising funds.
Hopefully no more dilution required but I think the talk of "going bust" is over the top and I'm sure there would be enough willing to chip in to keep the show on the road to commercialisation!
Yes, the paper hands selling out now will probably regret their decision in the coming days/weeks. Unless of course Jason fails us again and no agreement signed this month. Then they will probably be able to buy back in at sub 2p
Looks like the end of week FOMO buying frenzy has not materialised, Still, onto the weekend and the wafer thin hope of an announcement as part pf COP 28. Failing that, hopefully pens will be put to paper sometime next week, although my 12 years experience investing here, leaves me with a "no news" dread for the remainder of the year. Hopefully not!