Quadrise Share Discussion Threads

[kreature] 27/3/2024 07:56

Nerve-racking having the share price so close to the open offer price

[kreature] 27/3/2024 07:45

At least Hazl was up posting frantically at 5am. Hopefully all will be well

[hazl] 27/3/2024 07:14

Utah, Valkor Technologies (Valkor)

The project with Valkor (a US drilling and oil production firm) in Utah targets the supply of lowsulphur MSAR and bioMSAR to the marine and power sectors, with the fuels produced on-site then transported to major ports and power stations.

In June 2023, Quadrise signed a site licence and supply agreement (SLS) with Valkor under which Quadrise granted Valkor the exclusive rights and licence to use its technology at a central processing facility located at its primary project site (PPS) at Asphalt Ridge in Utah. In exchange, Quadrise will receive a $1m licence fee subject to receipt by Valkor of project financing of at least $15m. Quadrise will then receive a further $0.5m on delivery of an MMU and associated equipment to the PPS and $75k per quarter for technology transfer fees.

Valkor currently has several projects that could utilise Quadrise’s technology. Quadrise expects commercial trials under the SLS to lead to further commercialisation opportunities, subject to discussions with stakeholders to finalise agreements.

[hazl] 27/3/2024 07:13

Morocco

Quadrise’s project with an industrial client (a major mining and chemicals firm) in Morocco is intended to stimulate the supply of MSAR in the Mediterranean. This could have benefits for the use of its products in the marine sector as Morocco is a significant location for maritime trade and bunkering due to its strategic location connecting Europe, Asia and Africa.

On 22 November 2023, Quadrise announced the successful completion, in accordance with pre-agreed performance criteria, of the industrial demonstration test of MSAR and bioMSAR at its client site in Morocco. The industrial unit was able to process product at commercial scale throughout the entire trial, using Quadrise’s fuel to provide the required thermal energy for drying throughout. The objective was to make a direct comparison to the site’s normal operations, which involved running on heavy fuel oil. The industrial unit tested was successfully operated at varying loads up to 100% (equivalent to 33MW), which was supplied by a single burner, with fuel consumption similar to a mediumsized container ship.

The emissions from the MSAR and bioMSAR combustion were low and significantly within the environmental limits for the site. This trial was the first demonstration of bioMSAR capability and application within an industrial setting. Quadrise has submitted a technical report to the client.

Quadrise has now entered discussions for long-term commercial supply, with a view of signing a fuel supply agreement in H124. Additionally, both parties are seeking to reach an agreement to further increase commercial applications for MSAR and, in the future, bioMSAR fuels more broadly across other client locations. Quadrise has also completed a technical and economic feasibility study for another industrial demonstration test at a second site, which will be undertaken at the client’s cost.

[hazl] 27/3/2024 07:13

'Quadrise has highlighted that the net proceeds of the placing and subscription, alongside the Valkor funds coming in (eg the licensing and delivery fee from Valkor of £1.5m), are expected to provide it with the necessary working capital resources to 31 March 2025 (ie before any additional fund-raising from the open offer). The company has stated that by 31 March 2025, it expects its projects in Morocco and Utah to be generating commercial revenues. Quadrise has also said that if the open offer were fully subscribed, this would provide the company with the resources to create a presence in the bunkering hubs of Panama and Singapore, enabling further bioMSAR development and a pathway to profitability.'

Edison.

[hazl] 27/3/2024 05:41

.

Multiple paths to revenue

Quadrise is progressing several options for its technology. These include: trials of its MSAR and bioMSAR technology in Morocco; a collaboration with Cargill and MAC2 to supply fuel for MSC on-vessel trials in Q324; the licensing of its technology to Valkor for heavy oil application in the US; and collaborations with Vertoro, BTG Bioliquids and Euthenia Energy Group to investigate the use of their sustainable biomass-derived sugars as alternative biofuel for bioMSAR.

[kreature] 26/3/2024 20:21

It’s never-ending as well

[kreature] 26/3/2024 18:50

Looks like a placing required right ?

[kreature] 26/3/2024 18:43

So permit applications were only submitted at the end of 2023. So how was the seaborne trial supposed to start in 2021 or 2022 ?

[kreature] 26/3/2024 18:30

A miniaturised version of an MMU to go on the ships ? Really? What a mini tarmac machine? Where will that fit then ? So blending on board and not mixing at the terminal ?

[kreature] 26/3/2024 18:26

“6 to 12 months” to install an MMU in a refinery. So um, is there enough time to get one installed by 3 years ago ?

[kreature] 26/3/2024 18:23

Um each MMU “costs between 5 an 10 million dollars to install in a refinery”

So um, where is that going to come from to start the 2021 seaborne trial on time ?

[kreature] 26/3/2024 18:15

‘Was’ to be demonstrated. Was being the key word. Really nothing to be proud of

[brookemia] 26/3/2024 13:22

WongaFC
Posts: 1,122
Price: 1.30
No Opinion
RE: 3p again?Today 12:48
To be honest, the whole presentation looked like a pitch to new investors, rather than an existing investor update, as nothing has basically happened in the last 3 months, well except for 3 more salary payments to our hard-working team.😂ԍ15;🥲

Looks like both AM and JM were in home offices too, so at least they might be reducing office heating costs at QED 🤣👨‍🔬Ԏ98;🥱🤥;
WongaFC
Posts: 1,122
Price: 1.30
No Opinion
RE: 3 working days to go!!!!Today 12:23
They give us the same "clients are very keen to progress at pace" rhetoric🤥but actions, (including lawyer activity) would suggest otherwise.

It would appear we are in the "diddy pile" on the MSC/Cargill lawyers desks continually being overlooked as they concentrate on much bigger contracts.

Crownos
Posts: 318
Price: 1.30
No Opinion
RE: 3 working days to go!!!!Today 12:11

From my perspective it certainly is wishful thinking on his behalf. I feel JM only stated end of Q1 because if he said anything different and said end Q1 early Q2 then the share price would react negatively, so he is just simply sticking to the current timeline even though my gut tells me he knows there's is very little chance of it being signed in Q1 and more like sometime in Q2.

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WongaFC
Posts: 1,122
Price: 1.30
No Opinion
RE: 3 working days to go!!!!Today 12:08
Well that was another hefty dose of jam tomorrow🤥Very disappointed with the Moroccan project as was under the impression client would review test results Q1 and negotiations for commercial supply in Q2 with a view to commencing supply Q3/H2.
Now it would appear there will be no commercial revenues in 2024.
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Phlandomobalpus Premium Member
Posts: 127
Price: 1.30
No Opinion
RE: 3 working days to go!!!!Today 12:06
I can't believe that JM said twice that the Agreement would be signed by end of Q1.. that leaves 2 days...🤥

More wishful thinking IMHO...

I'd love to be proven wrong though...

[hazl] 26/3/2024 10:57

Goodness not news of this sort I hope!

Science girl
@gunsnrosesgirl3



Baltimore Bridge is 1.6 miles long,

this is the moment it collapsed after a cargo ship struck it in the early hours of this morning

[hazl] 26/3/2024 10:52

News soon hopefully will start the upward trajectory again.

[hazl] 25/3/2024 09:55

I have supported this company both financially and motivationally, full stop.

[hotfinance14] 25/3/2024 09:28

I taake that as a No.

[hazl] 25/3/2024 09:05

Worthless communicating with some posters.

So I will ignore him.

Which is very different to filtering note.

[hotfinance14] 25/3/2024 08:57

Will you be on the IMC Hazl ?