dustofnations
10 Sep 2019
Mike Kirk Edison Interview: "... [Kirk] explains how MSAR’s attractiveness is linked to gas oil distillate margins. He continues with a review of the network of agents that management has set up and concludes with a discussion of funding."" Edison Executive interview - Quadrise Fuels International Quadrise Fuels International's executive chairman, Mike Kirk, begins by exploring what a typical MSAR project could deliver in licence revenues, then explains how MSAR’s attractiveness is linked to gas oil distillate margins. He continues with a...
Ripley94
10 Sep 2019
ADVN Share Tip Article QFI… XXXX OO Shares on acc ( D ) @ 3.96p no mail re timescale . Might be warrants, is excess facility .
lionel.thain
09 Sep 2019
Open offer expanded to £1.8M in response to high demand from shareholders You forgot the extra £716k The Company is also pleased to confirm that, as a result of additional investor demand following the announcement by the Company of the intended open offer on 23 August 2019, the Company has entered into conditional binding agreements with the Subscribers to raise additional gross proceeds of £716,800 through the issue of an aggregate 18,101,012 Subscription Shares at 3.96 pence per Subscription Share, with 9,050,506 Subscription Warrants attached. The Subscription is conditional, inter alia, on the Resolutions being passed at the General Meeting.
dustofnations
09 Sep 2019
Open offer expanded to £1.8M in response to high demand from shareholders The Open offer has been expanded to £1.8M based on high investor demand, and is going to be fully underwritten by Peel Hunt. QFI already have £2 million secured from Bergen, with an additional £2 million available next year. So, approximately £5.8 million. A great pipeline of opportunities are developing, including Kuwait, KSA, Morocco, China, Merlin, JGC, European Oil Refiner, European Oil Major, Mexico, etc. So, I think we’re in the best business development position we’ve been in for many years, and I’m personally happy with progress. I think the excess demand for OO amply demonstrates that. In economic and regulatory terms, it’s also the best situation we’ve had. Cheap residues are readily available due to environmental regulations reducing demand for high-sulphur product; future environmental demand also is likely to be looking at NOx and particulate emissions – so QFI are well-placed to meet that challenge, also. We know from the invasion of the recent conference call by a short troll (whom we discovered on Twitter bragging about his QFI short positions) that we’re attracting some attention from FUDsters who are attempting to spread nonsense about the company under the guise of being “concernedâ€. The next 12 months or so is the key period for QFI; they must demonstrate a clear pathway to trials and commercial projects and begin generating cash flow. Further into the future, I want to see clear pathways to sustained growth and profitability. One would hope that much of this will be integrated into the SP over time. As always with AIM and QFI, this remains a risky proposition, but I hope QFI will execute, as this is the ideal time to introduce the product, and you couldn’t imagine much better conditions.
freedom-thirty5
09 Sep 2019
QFI taps shareholders for cash again Another appeal for cash to help the company limp through 2020. [link] How many times now has QFI come to the market with its begging bowl, in order to keep the directors in the lifestyle they’re accustomed to? And how much revenue has QFI generated? It’s looking increasingly like a death spiral situation these days.
dustofnations
08 Sep 2019
ShipInsight Article: "Can new funding finally lift Quadrise's MSAR into the fuel mix?" ShipInsight Can new funding finally lift Quadrise’s MSAR into the fuel mix? | ShipInsight For other oil/water blends, that can be a problem but AP Møller Maersk conducted trials in 2016-17 using ‘Multiphase Superfine Atomized Residue’ (MSAR) fuel, developed by the UK company Quadrise. MSAR is cheaper than conventional fuel when compared...
Fillpot
02 Sep 2019
Top-notch new MK interview: Quadrise talks Merlin, Bergen and a new MOA Mike seems really really confident and this typified by his comment re Merlin news released two weeks ago; “Great opportunities to work on with them, Merlin, looking to bring one of these to commercial development during 2019. In terms of progressing to that next stage. “ I am really excited by this upstream stranded heavy oil asset development! The market continues to like recent news and the funding deal which professional commentators say is remarkably good for an AIM company at our stage of development! All looking good here
dustofnations
27 Aug 2019
Top-notch new MK interview: Quadrise talks Merlin, Bergen and a new MOA
the_old_trout
27 Aug 2019
New funding £1,500,000 Correct Richard. Slight error on my part, but I still think that the RNS could have been better worded to provide greater clarity. Fortunately LH1’s noble efforts seem to have provided some clarity and I have responded accordingly on the forum.
richard3
27 Aug 2019
New funding £1,500,000 the_old_trout: a flaw in the RNS where it refers to 2.15m shares at nominal value being issued. It is essential that point is clarified in next week’s conference call, if not before via RNS. O With respect old-trout the RNS does NOT refer to 2.15 shares at nominal value. It states “An initial tranche of CONVERTIBLE SECURITIES with a nominal value of GBP 2.15 million [the “initial trancheâ€] will be subscribed for by the Investor for GBP 2 Million†That is entirely different to what you quote. My earlier post BOD100 refers.
lionel.thain
27 Aug 2019
New funding £1,500,000 Quadrise Fuels International plc (AIM: QFI) announces that, following the recent announcement regarding the issue of convertible securities and intended Open Offer on the 23 August 2019, the management team will be hosting an investor conference call at 2.00pm (UK) on Wednesday 28 August 2019, where it will provide investors with an opportunity to ask questions on recent developments. The details for investors wishing to participate in the call are: ·2.00pm, Wednesday 28 August 2019 ·United Kingdom: 020 3059 5868 ·International: +44 20 3059 5868 ·When dialling in, please state the title of the call: “Quadrise Fuels †Investor Conference Call.†The Company requests that participating investors dial in 10 minutes ahead of the call. Investors can also choose to lodge questions in advance via [email protected]. No further new material trading, financial or other information will be disclosed during the call. For further information, please refer to the Company’s website at www.quadrisefuels.com or contact:
dustofnations
26 Aug 2019
New funding £1,500,000 Posting this here for wider visibility on an important topic. Summarising my friend Longholder1 from the QFI Shareholder’s Forums, who has received a brief response from QFI. Please join us on the forums to get involved: Pre-selling is forbidden (this is defined in the deal as a type of short selling). As mentioned by others, including Bod100, the deal is structured to ensure interests of the investor are aligned with ours, in that they will profit most from sustained long-term SP increases. Make sure you attend the CC! They will provide further background and context which may be of interest to people. Hope you all had a nice bank holiday weekend.
the_old_trout
24 Aug 2019
New funding £1,500,000 Dusty, I certainly hope that your reading of the RNS is the correct one insofar as they might be using the word ‘nominal’ in its ordinary sense - and not in the same way as companies normally do when they are putting forward AGM resolutions for share issuance authorities - where the practice is to refer to the nominal value of the proposed issuance based on the nominal value of an individual share. I know from experience of QFI AGMs that some don’t understand this, so a slide is often put up explaining what it actually means in terms of dilution, but it’s that experience which caused me (perhaps mistakenly) to jump to the conclusion that in this instance they were talking about massive dilution. Hopefully MK will be able to knock that idea firmly on the head in next week’s call. On your second point I fail to see how the company can prevent Bergen from pre-selling the stock they are due to be issued under the agreement and I think the thirty day restriction on conversion is designed to minimise the impact of this. That is much better than some of the other deals I have come across where there is no such restriction and the selling is concentrated into a very short period with extremely damaging consequences for investors. However we must not confuse pre-selling with shorting, they are two entirely different things. As indicated in earlier postings my hope is that the company willl issue positive news which Bergen can sell into, but we need to be aware that organisations like ShareProphets invariably encourage their subscribers to short companies who have entered into similar arrangements, and some of their odious followers are already latching onto their latest missive on Twitter. Over to MK now to catch them out with some decent newsflow. ATB, Tot
dustofnations
24 Aug 2019
New funding £1,500,000 The Company has entered into the Agreement with the Investor pursuant to which up to £4.0 million of interest free unsecured funding is to be provided by the Investor in two tranches through the issue by the Company of the Convertible Securities with a nominal value of up to £4.3 million, convertible into Ordinary Shares. An initial tranche of Convertible Securities with a nominal value of £2.15 million (the “Initial Trancheâ€) will be subscribed for by the Investor for £2.0 million. A further announcement will be made once the Initial Tranche has been issued. My plain reading of that segment is that £2.15M GBP is the nominal value of the convertible securities, it’s not saying that they will issue/convert 2.15M ordinary shares at nominal value. And yes, 100% agree, very much looking forwards to the conference call! These are exciting times.
Norris107
24 Aug 2019
New funding £1,500,000 “However I hope the board are shrewd enough to know that Bergen are highly likely to pre-sell stock and have a plan in place to generate the buying volume necessary to absorb their selling.†One would certainly hope so ToT and I’m not particularly liking your scenario - it all sound too familiar! you are of course right that if there is nothing to sustain the recent rise then there’s only one direction the share will be heading but that would be the case anyway… I prefer the bit that Lastemporer highlighted and it’s the crucial bit of the RNS - ‘We are delighted that we have been able to secure the funds to enable Quadrise to build on the considerable momentum generated in 2019 and to progress the multiple opportunities announced during 2019 towards trial projects and commercial contracts" My hopes are that for once we manage to further positive news of ’ activities in Kuwait, Saudi Arabia, Europe and Morocco, alongside the upstream market initiative with Merlin Energy Resources’ and this will be reasonably imminent and if they’re not then as you say - it will be a good time for the ‘vultures’. I’ve read everything that’s been ‘posted’ on here and the quadrise shareholders forum - someone’s going to be right - let’s hope we get that flood of news It’s good to see others post on here again - best of luck
