Analysis of the runoff from the still suggests that drinking the liquid would enhance physical strength and speed. However, the composition seems sloppy and amateurish. Consuming the liquid for extended periods will likely cause serious side effects that include loss of time and bouts of uncontrolled rage, culminating in permanent brain damage and a general loss of self. I find it unlikely that, despite the amateurishness of the execution, this was the result of an accidental combination of chemicals by those imbeciles who were running the still. Someone made this, and for a very specific purpose. The annoyance's goblin said that M. Channail is involved, suggesting the involvement of Tazra as well. This liquid, plus the magic collection lab suggests that the two are preparing for something larger and I do not appreciate being left in the dark about it. Perhaps finding the location of the goblin's little pet will provide more information. At the very least it might finally rid us of the annoyance.
Rimaia was right to warn the Navy, assuming they are competent and can be trusted. This whole situation has every indication that it could very easily become a much bigger problem.