Member Info for WongaFC

Some very pertinent points Salinger and I remember those days well. What it has done is allow us "believers" to significantly build our positions at what could prove to be "bargain basement" prices. So, when the commercial contracts eventually land and the share price moves north at a pace, we will be much better off than had QFI made the breakthrough all those years ago.

Carry Back now scrapped.

John, providing you have had your SIPP for over 3 years and have not fully funded previous years, you may be able to use carry forward of these unused allowances for this tax year???

Just checked, Thursday 18th deadline day, Friday 19th cash to be debited from account for offer trading. New shares expected to be allocated to account by 23rd March

This Thursday from memory DPS

TR64,
Sounds like your broker demands the cash is in place, (up front) for any purchase orders. In my case HL simply advised me to make sure I have sufficient funds in my ISA/SIPP at the action date. No OO shares will have been issued/bought yet...

These "back of a fag packet" calculations led me, rightly or wrongly, to take a punt on Tomco this week. I must admit the technology fries my brains a bit and I've always had serious doubts they can achieve the desired, clean oil and clean sand from oil sands on an industrial scale. However, if they manage it, I believe it will be a huge money spinner.

With current, upwardly trending oil prices and their estimated costs of production, it is not impossible to achieve an oil product at around $20-30/barrel profit, even before the enhancement using MSAR. Forgetting the multiple 10,000 b/d plants in future and considering one 5,000 plant, running a conservative 300 days per year, gives you 1.5m barrels x $12.50 (Tomco's 50% split). This equates to almost $19m per year PROFIT from one 5,000/bpd plant.

Obviously there is potential to increase this via MSAR, selling of residue sand, as well as scaling up of production. Given their very lowly share price, (Capital Value of around $7m) should the project work as expected/hoped, this Cap Val will be dwarfed by their income.

From a QFI point of view, should the MSAR process add expected value to the end product, I don't think a $5/barrel commission is unreasonable, hence we would be looking at $7.5m per annum income from the one 5,000 b/d plant. I could however be well wide of the mark with my figures although I'm sure some more knowledgeable posters on here could de-bunk them if so.

Either way, I'm definitely keeping my fingers crossed for a successful FEED report and continued development of operations in Utah.

https://shipandbunker.com/news/world/235531-new-eu-moves-against-scrubbers-could-ultimately-help-them-csa

No doubt they'll eventually see the light, especially if/when presented with the MSAR/ BioMSAR angle...

Someone has just bailed, selling the thick end of 6.5m shares. I wonder if they know something we don't?

Quadrise have a number of ongoing projects of which Greenfield potential collaboration is only one. Quadrise know and have proved their technology works, whereas the Greenfield operation using the Petroteq CORT technology has still to be proved on an industrial scale.

If however, it does work successfully, the Greenfield project would be a real money-spinner, converting barren, nature-hostile swathes of oil sands land to a much cleaner environment for nature to flourish. The potential byproducts of oil and sand are both valuable commodities which could really turn around the fortunes of Tomco.

I believe the Tomco share price will take off if/when the process has been validated on a commercial scale. The delay in sending oil samples to Quadrise suggests some teething problems which I am sure they will be working on. The consistency of the end product oil could also be showing some variations and perhaps they are holding back on sending samples until they have a consistent stream of oil at the quality level they require, prior to shipping.

Only conjecture, but as a significant holder of QFI, I have just bought over 2m Tomco shares today....

Some hefty sales delayed reporting or post 4.30 today. The thick end of £250k ... Bergen bailing out???

DPS, if you hold the same amount of shares in a share account and SIPP, then both should qualify for the offer. I subscribed via my ISA and SIPP although different amounts in each case as holding was different

Applied for mine on HL no problem. From memory, you need to scroll down to the bottom of the Corporate action page and it gives you the options to buy your allotted shares or place an order for a higher amount if you prefer.

FWIW, I have taken my full allocation in both ISA and SIPP, as well as applying for additional shares which I don't expect to receive as the offer is likely to be fully subscribed IMO.

Great news re Premier Miton coming on board, (sorry for the pun). I wonder if they see Quadrise as not only a potentially great investment story but equally a move in the right direction for their ESG credentials?

A couple of big sells from late yesterday surfaced, Bergen???

Sounds like a couple of the IIs have taken enough shares to have to declare. We'll soon know who they are!!!!

Hope I'm still around for the £1 party!! as it could be some time away. I would hope to hear some positive news re. projects in Q2 with the SP getting to 4p+ by mid year. Hopefully H2 will see some real progress with shipping trial(s) and Utah production. Who knows, we might even have a Moroccan commercial deal by the end of the year, lifting the price to 10-20p?

I expect to be fully retired before three digit prices are reached so no issues with availability for celebratory shareholder shindig...

Key for me will be the identity of the IIs and their MO. Let's hope it's investors who are in for the long-term rather than looking for a quick profit.

Ric, "Thanks but if you sell 33,333 shares you know the price sold at. You know you are buying back in at 2.7 in open offer. Price can’t move against you"

But if you sell now, (@ 2.90) and buy back at 2.70 you lock in a profit. However, the price CAN move against you as it could go higher than 2.90 in the interim, in which case you would have been better hanging fire on the sell until later. Of course it could drop to lower than 2.90, in which case the decision to sell now would end up being a good one. It's all a bit of a gamble!