We just got an invitation to Quantafuel management roadshow for the next Wednesday 12.1. The roadshow is organised by our Norweigan broker. QFUEL might be doing similar venues with other brokers too.
This could be very positive. It is unlikely that the QFUEL management would be doing a roadshow presentations without any news on Proof of Concept.
It is also not very likely, they would be doing a roadshow on Wed for clients of one broker without telling the whole market first. I would therefore expect some announcement before Wednesday.
If this is right, I would assume that the Proof of Concept update could be comming very soon, possibly already today. There are speculations in the market, QFUEL should want to clarify this soon.
If you look at past price performance, when the market expected proof of concept, the share price traded above 70 NOK. Today the share price is around 34 NOK. There is more than 100% upside between today and the previously reached 70NOK.
If the company delivers, the share price should continue moving strongly, as there is a lot of positive news in the pipeline.
Once the proof of concept is achieved, there should be a lot of traction – there will be four large plants under construction at the same time. There should be a lot of positive newsflow.
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