Excellent RNS Fillpot: I took a few £k’s more of these over last few days. I’m back in, buy, buy buy!
Excellent RNS The sleeping lion has woken up:- Quadrise is pleased to announce that the Company has entered into a Representation Agreement (“RA”) with Younes Maamar (“the Consultant”), a former CEO of the Moroccan state electricity Company, to act as a consultant for Quadrise. Mr Maamar’s role will be to assist Quadrise in its pursuit of opportunities for the use of MSARÂ® in Morocco.
Excellent RNS But who will produce the fuel? . . … CEPSA still plugged in and let’s not forger European Major, if those residues can be converted to msar then I would expect the Major to be spending dollars to produce msar in there refinery soonest…
Excellent RNS Great analysis and summary Fillpot. Similar things being said in other forums. I think Freepoint as you say are steering the Companies development with there reach & knowledge of the fuel commodity market. When the Freepoint tie up was announced it was considered a turning point in quadrise evolution and the Kuwait RNS is a continuation of this development for me. In one of the conference calls JM stated that because of the unique nature of synthetic fuel it was very difficult to find and hire sales personnel, pushers and such like, this didn’t sit well with me as I recognised this serious gap. I think this Originator role fills that gap which restores my confidence although not buying more shares yet…
Excellent RNS Indeed f35 The Kuwait services agreement & grant of warrants RNS fascinates and excites me in equal measure. We have been critical for years of QFI for not marketing its product (MSAR) and securing the deals/contracts that we want. We engaged with a couple of super large industry players, in Maersk (directly) and KSA through (Rafid) that, had they picked up the technology and signed the contracts, would have been ideal one stop shops for our energy commodity product. Those deals did not come off, so we have flung our nets on the other side of the boat. We are in bed with a professional commodity (and specifically a residue) trader in Freepoint. They have the Industry contacts in commodities trading and how to Create/Originate a market for a fuel. Deals for supply may also be in the making with Euro GOM and JGC and its customers. In this more fragmented distribution/trading environment where one consumer does not have full supply chain control, it occurs to me that we need to do some industry specific marketing things ourselves. Or have our contacts do them for us. This got me thinking about the commodities ‘Originator’ label that the principle of Aleph has from his recent past in commodities trading with former employees/funds. Excerpt from the RNS; [Under the SA, royalties will be payable to Aleph from any project for the supply and use of MSAR® in Kuwait introduced via Aleph. The SA is evergreen, unless terminated by mutual agreement with one month’s notice. Kuwait is a country covered under the Co-Marketing and Project Development Agreement (“CMPDA”) with Freepoint Commodities LLC (“Freepoint”) announced by Quadrise on 30 November 2018. Any project delivered in Kuwait will therefore be subject to the terms of the CMPDA.] I googled ‘originator in commodities’ and these very helpful answers came up; 1.The task of the Originator is to be in contact with these parts of the market. In the commodities world the deals might include: very long-term products, location or time swaps, cross-commodity deals, options and even small acquisitions. For such structures the Originator is in contact with the counter-parties and puts together the deal both internally and externally, coordinating all required functions such as trading, operations, legal, credit, compliance, analysis, pricing, and so on. In short, it’s the job of the Originator to extend the reach of the trading desk. 2. An originator is a commercial role (i.e. client facing, requiring detailed knowledge of local and regional markets where clients are located, etc.) that “originates” deal flow into the trading desks of his company. He is the one who goes around and contacts various clients of the company and finds ways to solve their energy problems through the products and services his company can provide. The role requires not only great deal of commercial engagement but also getting all the functions of the trading organization (trading, structuring, operations, quants, credit, legal, compliance, technology, …) coordinated to deliver a “solution” that will solve a client’s commercial needs. The solution could be anything from mediating a straightforward vanilla energy transaction (e.g. forward delivery of some crude) to complex, multi-year engagement of developing, producing, marketing and selling of an energy producing asset (e.g. natural gas field) There are others, but you can get the gist of what our man, our new MSAR fuel Originator for Kuwait will be doing for us and Freepoint (it’s clear from the RNS that our joint CMPDA arrangement covers this territory so I reckon our partners are very much involved in the briefing and direction of our man in Kuwait!) So, we must have specific need(s) identified in Kuwait and now need to go about creating a market for our product to allow forward trading of the fuel over a long period of time, from our producer(s) to the consumer(s) in country. In the energy commodities field, that need is addressed by professional originators and traders. I am convinced now that Freepoint will be the MSAR commodity trader in all our contracts in the areas/territories covered by the CMPDA with them. That is how I imagine they will make corn from our fuel. They know how to trade fuel, how to ship it, how to create a market for it. . . … We have our man, the Quadrise machine is starting to move. I expect news flow to be regular and of increasing relevance to a commodity trading nature in the near term. But who will produce the fuel? . . …is CEPSA back on, new MMU’s in country? I took a few £k’s more of these over last few days.
Decent buys today.SP now over 4p.
Excellent RNS [link]
Excellent RNS It’s a forum hosted on Tapatalk, Ripley. There’s a huge wealth of information on there about this company and you can apply for membership by following this link:[link]
Excellent RNS Hi TOT Can you please inform me what the private board is ?
Excellent RNS Seems that all the banter today is on the private board or lse, where there’s a bit of a ramp fest going on. Have to say I really like this RNS though and good to see the market reacting accordingly. The structure of the deal shows a lot of business nous imo, with the warrant conversion designed to minimise dilution to shareholders, and let’s face it Freepoint would not have allowed Aleph to get past the door unless they have contacts that can make this happen. The potential in Kuwait is massive, as is the potential domino effect in the wider region if they sign up to producing and using MSAR. Tot
Great RNS.We still need that first contract.
Excellent RNS Lets hope this strategy of getting MSAR to market in one of the oil rich countries is successful and if the model is proved perhaps it could be applied to other oil rich countries…RKSA springs to mind
Excellent RNS Totally agree. I’m glad Kirk and the others on the USS Quadrise are finally getting something going after failed attempts to move this MSAR product.
Excellent RNS Excellent news today, let’s hope we’re able to make some headway in Kuwait. Game back on me thinks. ATB WR
New MK Interview: Quadrise offers clarity on what investors can expect for 2019 Well i cant claim the 783k but i did get another 200k. See what happens Monday…