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"Kerala sues MSC for $1.1bn over environmental disaster caused by sinking of 28-year-old boxship

https://splash247.com/kerala-sues-msc-for-1-1bn-over-environmental-disaster-caused-by-sinking-of-28-year-old-boxship/"

Their own fault, what a shame they weren't using MSAR, the damage would probably have been a fraction of what it was?

I suppose it was only a matter of time before the apparent lack of progress negatively affected the SP. That said, it has held up remarkably well, (compared to previous years) and there could easily be a rally back up to 4p+ on no news. Happened just recently...

HL briefly showed a "dropped" bid of 0.42p, back up again now

And down again, that was short-lived!

"Well I'm coming up to my 6th anniversary of being invested now so we will have to wait and see won't we."

I wonder if when you had been in 13 years (like me) or more, you would be so philosophical?

That said, the obvious potential prize of landing our first proper commercial supply agreement and the continued support of the SP at around the 4p mark, is enough to keep my hopes alive currently. It would seem this is now much less of a traders stock and the vast majority of shares are in sticky hands.

All good and well "asimpleinvestor" but over 18 months ago, post OCP Industrial trial completion, we were told;

"The parties will now enter into discussions for long-term commercial supply, in conjunction with reaching agreement for testing at the client's other sites to expand supply opportunities for MSAR® and bioMSAR? fuels. In parallel, the Company will continue work to ensure the supply of appropriately located and priced residual feedstock.

Further announcements will be made, as appropriate, in due course."

No sign of the long-term commercial supply deal and we have now been thrown the excuse of OEM sign-off. Having used customs, pump failure, earthquake, Ramadan and no doubt other excuses, why should we believe Q3 2025 is the magic quarter?

I suppose, like stuckclock, they have to be right at some point????

"Love to know what the hold up in Panama is. Any ideas? We all know that Morocco are full of it and have no urgency whatsoever, however Panama seemed different initially."

Yes but we we're told the Moroccan client was "very keen" many years ago. Problem is, other than statements around (framework agreements etc.), everything we are told or have read has been from QED, especially JM. Very little info from clients re their collaboration with QED beyond initial agreements.

So, we have to pin our hopes on what we're told by QED senior management, which up until now has been way off the mark! Hopefully Sparkle will buck the trend and carry out planned trials in timely fashion, with a solid commercial contract to follow. There's also the possibility we might see pigs flying past our windows any day now???

"The one thing that we can say for certain is that Q2 ends on Monday and Q3 begins on Tuesday!"

Yes and despite the "fireworks" suggested at the AGM, Q2/H1 has been the dampest of squibs!

Sadly it looks like the MSC trial is not only in Q3 but also "end Q3 if contracts signed". So nothing doing for another 2 months by the sound of things. The yacht BioMSAR Zero now "end of year", believe that when I see it!

Still radio silence on Sparkle and the continually delayed Morocco. Sell in May, go away and don't come back til St Leger day seems very apt here....

Great! another potential feedstock provider. If only we could get a shipping company or industrial user, or power provider to actually buy these "fuels of the future".

And Stuckclock, stop ramping your Tomco shares on here!

But he's got his Tomco shares to pump!!!

I think oil reserves are far more pertinent than population?

Yes, and our wise leaders have given "exclusivity" to Valkor for Utah, so that area could be limited to their efforts??

Toward the end of January, despite company rhetoric and SC's twaddle, I said the MSC trial would not start in Q2 but was hopeful it would start in H2. I'm now beginning to have my doubts if that will even come to pass. I remain hopeful for Sparkle trial but have given up on OCP and Valkor altogether.

"Quadrise has continued to make progress throughout 2025 to date"

Oops! someone's pants are on fire! This from the man who when brought in, years ago, said his priority was to focus the company's resources on one project and expedite it to commerciality. Just another well-paid windbag, spewing platitudes to keep the coffer-fillers' glasses half full.

MSC trial - no progress at all

OCP - Kilngate! just another excuse to add to (customs, pump, ramadan etc etc)

Valkor - Looks like their product will only be good for tarring roads

Sparkle - the new darling of QED, just like the other old flames, join the delayed list.

Some of the comments on today's RNS would give Stocky a run for his money on straw-clutching. Absolutely shocking performance from QED for yet another quarter/H1 especially when we were told so much would be happening at last year's AGM. BUT! I suppose I'm the idiot for retaining a glimmer of hope they will ever get anything through to fruition.

"They had clearly overstretched themselves in this stock and seemed to wanted a cryptocurrency level of quick return"

I have been a strong critic of QED/QFI's lack of progress for a number of years, particularly 2024, when so little apparent progress was made, while £millions of shareholder investment were taken in salaries. However, having been invested here since 2012, building my investment significantly over the years, I had hoped to have been reaping the rewards of my long-term support long before now. Hardly a crypto-fix!

I think it's fair to say, NOTHING about this trial has been "rushed". Same can be said for OCP and to a lesser extent Valkor. Please don't tell me Sparkle are going to join our merry band of feet-dragging potential clients?

Who knows, the silence is deafening. Just have to hope they are true to their word that they are very busy behind the scenes and the second half of the year shows some tangible progress on one or more of these projects. As I've said before, the SP holding up well, above the 4p mark is giving me some hope...

"As I've said many many times on here, the trial will either finish at end of June or start at end of June, and it makes no difference to me which it is. I'm right either way."

How on earth does this make sense? And some on here defend this moron!

Fwiw, I still don't expect the MSC trial to start in Q2 but remain hopeful it will commence in Q3.

"That bloke scares the hell out of me!"

He's just a cowardly, spoiled child who will be gone soon enough. I would suggest you be far more "scared" of Putin!!

Having watched the recent presentation, I am even more pleased to see JM moving to his new role. I've never been impressed by his presentation skills and he seems to constantly struggle to convert his vast knowledge on the subject matter, into layman's terms. The company will be far better off with him working on the technical side, IMO.

"The one thing I did notice is that Jason mentioned the mac 2 facility was being installed, not completed."

But, but, but, we've been assured the MSAR was sneaked on board and (after changing course and slowing down) MSAR is currently being trialled on Leandra V.

Surely can't be wrong AGAIN!