Member Info for WongaFC

"Very nice Indigo, what are people's mental break even price for all the patience and loyalty we have endured over the years :)"

Interesting question Tuckman. Certainly been one hell of a ride so far. I remember around a year ago saying "if someone offered me 4p for my shares I would have their hand off. A lot has happened in the last 6 months, which appears to have given a lot of LTH a far more optimistic outlook.

FWIW, if an oil major came in with a buyout, 20p would see me seriously considering selling. 50p sees me in 7th heaven and at Indigo's quid, HMRC and me will be on first name terms!!!

"Any decision to opt for msar cannot really be taken till they finish the full 4000 hours"
Of course, that makes sense on a large scale basis. However, if MSC own the ships, (and the engines therein) then they can do what they want? I am aware of the need for the LONO to preserve warranties etc but I can't see any reason why the trials could not be expanded before initial trial completed and LONO in place.

Say half way through the initial trial, the MSC engineers report the fuel is working extremely well and engine wear and tear is actually better than with HFO. What's to stop MSC upping usage to 10 ships, taking a calculated risk there will be no issues with the LONO. While this approach may be unusual, there may be a very good business case for doing it. Something similar must have been done around the adoption of VLSFO, or did I miss the fanfare for this fuel achieving a LONO.

I would expect MSC to have a great deal of influence with engine makers and insurers etc hence they may be able to negotiate a way to get round "normal" processes and procedural time-frames. Or is it just my wishful thinking?????

"Commercial contracts with Morocco and Utah should be complete within the next 3 months as surely."

Morocco maybe, but I have my doubts about Utah, where I'm guessing they are experiencing significant difficulties removing the "clay" element from the end product. Hope to be proved wrong here, (holding Tomco and Petroteq too!) but I believe the samples should have been sent before now???

The MSC opportunity however, dwarfs both these other two potential projects IMO

Today's early dealings appear to show 333,909 shares sold @ 4.10/4.11, with 62 shares sold @ 4.01, yet the bid price is quoted @ 4.02p. Don't tell me they're not "at it!"

"my transfer will end up being painfully expensive"

Possibly, but think of all the tens of thousands of pounds in taxation you'll save in future!!!

Cheers TechyRob,
Interesting they will price your entire holding now. Suggests they are keener than normal to attract sellers. Which suggests they have, or are confident of getting buyers. Sounds positive...

Anyone any idea why the spread for this share is constantly much higher than reality?

At the time of writing, the Bid price is 3.86p and the Offer 4.25p, the same "indicative" prices are on HL, yet when I processed dummy sell and buy trades, I was offered prices of Bid 4.01 and Offer 4.12p. The real spread is around 2.75%, rather than the "indicative" 10.10%. Surely a tighter spread is more likely to result in greater sales activity and therefore profit. Or am I missing something???

"it’s a lot easier to hold on the way down than on the way up."

In general, I would say the opposite is true. When the value of your Pension/ISA/Share Portfolio is rising steadily, it's easy to sit back and enjoy the ride. When values start falling however, various levels of discomfort set in, from "disappointed" to "panic". I believe in small cap AIM stocks, the MMs use this crowd mentality to slightly manipulate the market for their own gains , as we see on an almost daily basis.

As Warren Buffet proclaimed "be fearful when others are greedy and be greedy when others are fearful". This contrarian approach has served him well over decades. Buy or sell a stock according to your own criteria. Otherwise stick to more mainstream investments and follow another old adage, "buy quality companies and hold for the long-term".

That's the feeling I'm getting in my bones Elir, as the story spreads and potential discovered, more buyers become interested or existing SH want to top-up. While the seller numbers appear to be drying up somewhat, (and why not???). Interesting times....

Expect to see the bid price breaching 4p today.

Oops, cancel that, back to square 1

Another step up for Petroteq today

Looks positive to me. Petroteq finished last week with a 9% jump too. Things look to be taking shape in Utah???

I'll settle for my "steady as she goes" prediction of 50% growth per quarter.

Possibly MSAR mentioned in passing, however, I'd be more interested to hear/read if the VLSFO problems, (elephant in the room) was discussed.

Maybe a video presentation of the event will surface in time??

Morning "tree-shake" begins as bid price reduced to 3.39 on HL.

I think QFI have a much better chance of success as their options and potential business opportunities are more diverse. However, I recently bought into Tomco based on their low value versus potential. Their current market value is around £7,500,000. If you believe in the oil sands story, based on the figures we've been given so far, this valuation looks extremely low.

Assuming Greenfield manage to get the technology working successfully and the end product is as good as they believe it will be, the figures stack up. Based on one plant producing 5,000 bpd x say 300 days production per annum, times say $30/barrel profit, we're talking $45m per annum split between Tomco and Valkor. A fair few assumptions there but not by any means ridiculous. This does not include any potential profits from clean sands sales or premium pricing addition for the end product, so a £7.5m company has the potential, (and it remains potential for the time being) to earn $20m+ per annum from 1 successfully running plant.

No USP as there are other companies holding oil sands licences but to me the figures made it a worthwhile punt. As ever, time will tell....

MexPete, I did not realise I was not posting correctly, thanks for the steer, everyday is a school day as they say. Problem is, at my age, I'll likely have forgotten tomorrow!!!!

I know not of the prowess of said gentleman, however if you throw enough darts at a dartboard, you will eventually hit the bullseye. Or the old adage, "even a broken clock is right twice a day".

The positive for me is, if he brings a "following" to look at QFI, who then share with their friends this "golden nugget" of a company, it all helps to spread the story across the investment universe. For those of us with our holding in place, there is little downside as far as I can see, especially as he is proposing QFI as a LTH rather than a quick buck opportunity.

Yes, Jackg123, hopefully hear some news developments by end April