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Looks like crypto sentiment has rescued the SP here. Starting to roll back to where I bought in before the name change. I'm happy to wait for a little more derisking before buying any more.
Well, the further sentiment drags us forward, the better it will be when the board finally deliver. Given the sector, the recent placings at 5p, and the number of compensation cases that are still to be heard, we are in as good, or better shape than Gst, so I am a bit unsure as to why you'd be so downhearted.
Anyway, we're both invested here and no doubt will soon be in good profit.
Agree FGH. I’m also in GST for the same reason and again have followed the money with their Director announcements back in January. I’m also significantly under water there as well at the moment but as you say, if you don’t get in very early you do miss out on the large multiplier effect. Not wanting to cross ramp but I’ve done something similar in the CBD, mining and a few other emerging sectors, and I’ m playing a waiting game on them all at the moment! Patience is needed here and in the majority of the rest of the freestanding shares in my portfolio!
Spot on, first and foremost - exposed to hottest sector is crypto.
Same globally, not just QBT or in UK.
At 1p we are the best position to make multiples compared to the others.
Getting in at 10p is not the same as buying at 1p.
Do your maths....
Second - An aggresive RnD program with strategy and a Crypto expert on board with set agenda outlined on June 2nd.
Third - AUGUST RNS News key update round the corner
Court case etc, is sidelined for myself, when it happens, it happens.
None of the de-ramps affect any of my investments. Different paper bag id’s pop up, and go, puff of air so to speak.
Never have and never will affect my choice.
If you believe in the CRYPTO sector and the current strategy, and current QBT price being undervalued, then go by your gut.
Don’t be influenced by others.
FTH.
Ronburgundy83 - I’m not talking the share down, just stating my honest assessment of where I think we are. It’s not in my personal financial interest to talk it down but at the same time I’m not going to write a load of waffle talking it up either when that isn’t my current opinion. I’ll be more than happy if in the next few days FG gives a brilliant update on the R&D but until that comes I still think we are still in the ranks of hope and sentiment.
Regarding the sector potential, yes I agree there is significant potential in the crypto sector, but share prices are rarely supported on potential only. You need revenue and profitability for that and at the moment we are still some way from delivering either so a share price significantly higher than our current is again sentiment only.
DJB67, while I agree that those of us who are invested won't see substantial profit until concrete plans are put into effect, but what is your game in talking the share down? Even without the court case (one of many which could amount to 30m added to the coffeers), we are far below where we should be given the sector's potential.
Belstaff - It’s true that there has been a reasonable number of large buys over the last couple of days. I’ve seen at least x10 go through for 1m or 1.5m volume, There have also been a few in the range 750-900k range during the same time. It could be that there is an information leak or just speculation of imminent news, but it could also be traders looking for another quick buck before dropping us again!
DJB - precisely but it's my belief that news is imminent on our testing and strategy. I may be wrong, but we have had a large turn around the past three sessions and it is sticking. So to me, something is afoot.
Feathers away from next leg up on BTC, in positive territory all day...
As I said, next 1-2 weeks are going to be VERY interesting.
GLA.
You say held back, but what is it you think should be driving the share price up?
Don’t get me wrong, I’m a holder and would like to see the sp head north but there needs to be something to drive it. We aren’t mining, so although sentiment towards Bitcoin has improved recently that doesn’t really help us (yet). We have little or no other revenue stream currently and the court case is delayed until later this year.
I bought into CLP at the time when it looked as though we were going to mine. In the podcast by FG in March he stated we would mine on existing equipment in parallel to R&D, but that now seems to have been dropped purely to focus on R&D. I emailed the company for clarity on the mining on existing equipment statement but had nothing back. I’ll be honest and also say I was influenced by the £1m pumped in by John Storey, as given his track record I believed he was investing but given he promptly left the building and it rather looks like he was a riding a short term wave for a quick buck.
Like I said above, I’d like to see the sp move up if only to start to recover some of the paper loss I’m sitting on (average buy price of 2.4p), but frankly until we actually get some concrete news from FG then all the sp movement is purely sentiment driven with no basis!
One bit of good news and they won't be able to hold it back for long.
Hodl for godl imo, BTC strong again. GLA.
Is it obvious or not that this is being held back - criminal !!