Quadrise Share Discussion Threads

[hazl] 28/3/2023 08:52

Oh well done Z1co!
Just looking in!

[haggismchaggis] 28/3/2023 08:43

141.25p share price is showing on here, I'll take that, thanks!! :-D

[grupo guitarlumber] 28/3/2023 08:39

Spread 0.14 (8.74%)

[grupo guitarlumber] 28/3/2023 08:34

gibbs1
28 Mar '23 - 07:38 - 6066 of 6068
0 1 0


QEDS IN

[z1co] 28/3/2023 08:34

Thanks Grupo

[grupo guitarlumber] 28/3/2023 08:31

well done ZICO

GOOD LUCK

[z1co] 28/3/2023 08:28

New thread for Quadrise fuels will be moderated

[z1co] 28/3/2023 08:27

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03/03/2023:



Shore Capital analyst Tom Fraine, in a note today, said the broker remains optimistic regarding the potential scale of Quadrise’s projects.

“The company’s proprietary fuels have the ability to significantly reduce both fuel costs and emissions. bioMSAR and MSAR also make the transportation and handling of fuel easier versus conventional heavy fuel oil and no significant adaptions to equipment are required for their usage,” Fraine said.

“The opportunity with MSC could be worth more than double Quadrise’s current enterprise value in potential annual revenues if only a small percentage of the shipping company’s overall fuel demand was switched to MSAR or bioMSAR.

“MSC currently consumes close to 10m tonnes of fuel oil annually and we believe Quadrise could charge c.$50 per tonne for licensing its technology.”

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29/03/2023:

Each of the Company's key projects in the marine, upstream and industrial sectors continue to progress with further milestones expected to be passed in Q2 and the second half of 2023

MSC

-- In July, Quadrise signed a Framework Agreement with MSC Shipmanagement Limited of Cyprus ("MSC") with a view to the commercial supply of one or both of the Company's fuels to MSC's global fleet.

-- Discussions with feedstock suppliers continue, with the aim of securing a Tripartite Agreement between the supplier, MSC and Quadrise as soon as possible in order to commence Proof-of-Concept and Letter of No Objection trials.

-- The MSC Leandra to is scheduled to dry-dock in Q2 2023 in readiness for testing in H2 2023.
-- Testing of the optical combustion properties and engine wear of bioMSAR(TM) in December was completed by Wärtsilä Services Switzerland ("Wärtsilä"). Based on this testing, Wärtsilä recommended a further hazard identification and operability study ("HAZOP") to assess feasibility and safe operability prior to use on a Wärtsilä 2-stroke engine.

Morocco

-- Logistical challenges relating to Moroccan customs have now been overcome with both of the Company's fuels and the trial equipment now on the client's site.

-- The Company has completed the site engineering set up and is concluding scheduling discussions with the client linked to its site production programme, with the trial now expected to commence in April 2023 and results being available shortly thereafter.

-- The Company then expects to enter discussions to conclude a commercial Fuel Supply Agreement as planned, in addition to concluding agreements for testing at other client sites as required.

Utah

-- Commercial discussions between Quadrise and Valkor for the supply of a license and manufacturing unit to enable Valkor to produce MSAR(R) and bioMSAR(TM) are expected to conclude shortly.

-- Valkor expects drilling permits at Asphalt Ridge to be awarded in Q2 2023, with low carbon intensity, low sulphur heavy oil to be extracted and available for conversion to MSAR(R) and bioMSAR(TM) for trials during H2 2023.

-- Following successful results, these trials would then be expected to lead to commercial supply of MSAR(R) or bioMSAR(TM), subject to discussions with stakeholders to finalise agreements.

Americas

-- Quadrise has recently signed a Letter of Intent with a central American power provider outlining plans for a commercial test of MSAR(R) and bioMSAR(TM) at the provider's power plant. Discussions are ongoing and the Company expects a Test Agreement to be finalised during Q2 2023 ahead of a site trial followed by entry into a Fuel Supply Agreement upon success.

-- Discussions with a large refinery in the Caribbean continue to progress, subject to them obtaining an operating license.

-- Efforts continue to progress activities in Mexico with the state oil company and utility operators.

bioMSAR(TM) & Nouryon

-- In September 2022, Quadrise announced the entry of a Joint Development Agreement with Vertoro BV ("Vertoro") to investigate the use of their crude sugar oils (CSO(TM)) as an alternative biofuel feedstock for bioMSAR(TM).

-- In November 2022, Quadrise announced the extension of the Exclusive Global Collaboration and Emulsifiers Sales Agreement with Nouryon for the exclusive supply of goods, services, and IP for future MSAR(R) and bioMSAR(TM) projects.

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30/03/2023:

CEO Jason Miles speaking to Proactive




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Extracts from recent brokers report:

Exhibit 1 shows that adoption across only 8% of MSC’s global fleet of around 700 vessels including chartered ships could generate around $106m in licence revenues and $15.8m EBITDA and be transformational for Quadrise. The other two projects closest to commercialisation are smaller. Commercial adoption by the Moroccan partner would require the output from one MSAR manufacturing unit (MMU), ie c 2–5kbd. This would be only part of the output from a single refinery such as the Cepsa site, which produced MSAR for the Maersk trial and has an output of 240kbd. The projected output from extraction of oil and oil sands in Utah is 3–10kbd for each site. In our opinion, adoption of MSAR in any one of the projects closest to commercialisation would encourage multiple customers to use the fuel, which could potentially support profits beyond the upper range of our analysis.

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[jazza] 28/10/2015 16:10

jazza 5 Sep'15 - 09:14 - 6972 of 7005 2 0 edit

Elliot made £millions profit in just a few days.

I think that's all the thanks they need!


My extra gain is somewhat smaller but welcome nonetheless.

Congrats all.

[richard xi] 21/10/2015 03:06

shorttracker.co.uk shows an outfit called AlphaGen Capital Ltd acquired a short position of 0.65% on 12th August 2013 and appeared to have forgotten about it.

That is three days before I acquired my first holding of Quintain at 89p so AlphaGen appear to have paid a heavy price for their paralysis.

When the Lone Star bid was announced Quintain was my largest holding and it has taken about ten trades to reinvest the proceeds.

Before the thread fades away I would like to take the opportunity to thank the people who posted wise comments from time to time and helped me try to figure out what was going on at Quintain.

In the Sherlock Holmes story Silver Blaze about the dog that didn't bark, Holmes asserts that if a set of events can only be explained with a single explanation that that must be what happened.

So in the case of Quintain, the clutter of different investments was gradually sold off, the development at Wembley was painfully slow, no dividend was paid and the stock priced at way below asset value.

QuePassa was one person who put his finger on the only explanation that fitted and in retrospect it was obvious. It is possible that Lone Star was in the frame for some time. So many thanks to QP - it is difficult to figure out investment opportunities without seeing other opinions.

All the best to all ex-shareholders and hope to see your comments elsewhere in the future.

[quepassa] 19/10/2015 16:12

my guess is you have hit the nail on the head.

someone desperate/forced to close out a short position or required to deliver stock and has to pay up to get the stock.

well done you! I wouldn't lose too much sleep about it.

look on the bright side. you have helped them out at only a 2p premium over the takeout price.

sometimes closing a short under force can be incredibly expensive when stock is in negligible supply.

congratulations.

ALL IMO. DYOR.
QP

[maiken] 19/10/2015 15:43

The bidco cannot pay more than 141p..end of.[unless it then increases the bid price for all shareholders]
I sold mine today for 143.25,which feels a bit uncomfortable inasmuch as this seems too good to be true and,therefore, possibly is.
My best guess is that some arb took a view,went short a while ago,got caught out and is now struggling to cover the short and having to pay up to find anyone who still has stock other than the bidco.
I welcome anyone who can tell me what I've missed here.My stock was non-assented.

[investoree] 16/10/2015 17:22

Well done deadly I managed to sell my 35K in the market for slightly more than the £1.41 offer (including the dealing charge - wish I had held out a bit longer now! I wonder if they are getting a broker to buy shares in the market in the hope that they hoover up all of the outstanding shares to avoid the expense and presumably hassle of going to the High Court? I expect they will pay the broker £1.41 for each share acquired and then compensate him for the losses incurred and his time and trouble. It does all seem rather bizarre.

[deadly] 16/10/2015 10:14

i've just sold 8k shares at 142.75p.
Is there a better offer on the cards?
Or who is buying at that price?

[waikenchan] 16/10/2015 09:10

Ok thanks for clarifying QuePassa

[quepassa] 15/10/2015 19:12

Yes.
Under takeover rules, even if you don't accept, you will ultimately be bought at out by compulsory purchase at 141p.
This is because they received more than 90% acceptances which gives them the right to buy out any residual shareholders.
Either you accept the offer which is still open in which case you might get the money more quickly or you don't accept the offer in which case you will be bought out anyway but which might take longer for you to get the money.
Please verify all of the above for yourself.
Read the RNS dated 8th. October which explains it all.

Either way, your shares are going and you will get 141p.

ALL IMO> DYOR.
QP

[waikenchan] 15/10/2015 18:55

Hi,

What happens if you haven't accepted the second offer at 141p? Would you be forced to accept it and just get the monies as if you would have accepted it?

Thanks for your help.

[maddox] 15/10/2015 16:59

Money in Selftrade/Equinity account d/d 14/10

[antondickson] 09/10/2015 21:23

Money paid out today with TD Waterhouse

[quepassa] 09/10/2015 19:31

1.

From a reliable source of someone who accepted the original offer that they have today received their takeover money.


2. Any Quintain bondholders may be in for a nice windfall according to this article.




ALL IMO. DYOR.
QP

[winsome147] 07/10/2015 14:08

I just got 142.1p per share for my holding. I put a sell limit via Barclays a few days ago at 141.2p to see if I could get my money out early and got an extra penny on top. I noticed the price has been spiking briefly recently. I suggest others try the same. Someone must be hoovering them up but there is no chance of a last minute higher offer IMO. Interesting.

[winsome147] 01/10/2015 13:48

At current price looks like Quintain would have made it into FT250 index next time around.