Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
22, Some news could drop anyday but I believe we need the test results, and verified, first. Lots of other news could then pile in, news that starts to put a value on this business. The right results could be mind-blowing! ATB
22Starship22, more times than a care to remember, or maybe admit, I have lost faith and sold investments. I have a pretty high figure of agreed losses with HMRC to support this statement.
Maybe it is my gut instinct here, but I do feel this will come good. I will stick with chasing this particualr rainbow - for now. At the end of the day, peeps need to be happy with progress a company makes, the BoD and the fundamentals. The problem with QBT is the lack of fundamentals, for NOW! ATB
2Starship22, I agree pretty much with "all we have is talk". I said before one court case (Sipiem) and one patent application filed is not enough. We need the proof/results - and verified. Hence the SP’s downward trend since November 2021 as we are lacking real news. We need the results to have a positive impact on the market.
AIM is high risk with so many despicable CEO’s. IMHO, FG is not one of them. I think he's in with a very good chance of succeeding - to some degree. Saying this is a complex area with as many variables as the team’s imagination can muster, is no use. I do think we are near to the results and for me 30 September 2022 is a better date than August. Time will tell, but I certainly don’t relish any delay beyond September. ATB
It would be nice if we could agree on something here. News is indeed needed, and soon! I accept that with any development work, something new can arise which sets us off in a different direction so what constitutes ‘mining’ doesn’t bother me. We need the results to send us on our way, assuming, they are positive. My question is how positive? GLA,600
Yes Suthy, technology doesn't stand still and with the breadth (apologies for constantly saying this) that our R&D took on to start with, it is no wonder that we have some changes. Again, one of the things I like is/was FG's vision. He could see the avenues/approahes to take. ATB
Good morning peeps. While we wait for news to drop, it might interest some here to consider our name: Quantum (a type of computer that uses quantum mechanics so that it can perform certain kinds of computation more efficiently than a regular computer can), Blockchain (a shared, indisputable ledger that facilitates the process of recording transactions and tracking assets in a business network), and Technology (the application of scientific knowledge for practical purposes). Some here will have seen on the website under products & services, we have the three headings: -
• Mining hardware
• Mining software
• Mining pool and data services
All with “To be announced”. While we wait, have a browse at, and then consider the applications where this R&D could lead. It is not just about bitcoin. Have a read why web 3.0 is the future of the internet: -
https://www.online-tech-tips.com/computer-tips/10-web-3-0-examples-is-it-the-future-of-the-internet/
https://www.techtarget.com/searchcio/feature/Top-10-benefits-of-blockchain-technology-for-business
GLA, 600
Hi Suthy, yes they could bring in a nice little bit of cash, if you’re thinking millions is little. Some 10p options run for a few years but I think we are talking a few months to surpass 10p. If it takes longer, I for one will be very disappointed. ATB
Addisonshare, in answer to your question. A share option is an arrangement whereby the company grants somebody the right, but not the obligation, to buy shares in the company at a set price for a set period of time. If the SP goes above the option price they only pay the company the stated option price. In this instance, the expert could opt to buy any number of shares up to 10 million new shares in the company for 5p each, even if the SP was £1. I don’t think there is a condition here where they cannot sell them for a specified period, but often a company puts that condition in. They are a form of incentive scheme.
There are currently a total of 237.5 options at 5p or 10p. ATB
It’s a funny old world. With bitty dropping from an ATH of $69k to $19k just the other week, the market, and appetite, has changed. Those thinking, and shouting $100k, $200k or $250k have quietened down. Peeps are selling scared they will lose their hard earned, or profits.
Now though with inflation raging, an important aspect, for me, is the global acceptance of cryptocurrencies of which BTC is the frontrunner. Plenty of peeps will despair at the apparent greed with banks making as much money as they do and often at the expense of the least able to afford their charges. Plenty of peeps, and institutions, will want BTC etc.
We have the next halving of BTC (expected June 2024). The current economic and political problems may still be around. Hopefully, they might start easing next year, but I’m not sure. The reality though is the economic climate and next halving will put many miners out of business. So, for me, the real value in QBT’s potential is the possible demand for a greener, faster means to mine bitcoin. Having said that, let’s not forget blockchain technology has far reaching applications from smart homes to fully autonomous vehicles. Web 3.0 and blockchain technology are where this is surely headed. The actual value of bitty is one consideration. The higher it is could which goes hand -n hand with investors buying and demand increasing.
QBT mining bitcoins is a secondary income. All IMO, please DYOR. Waiting patiently but doesn’t look like bitty, or QBT is dropping enough to make much difference on my plans today. Just bough 1.765 for 101,530. Every little helps - apparently! GLA, 600
Addisonshare, my guess is that you are pretty young but keen to learn, nothing wrong with that. I would question however whether your claim as fact, comments like “how MMs make their cash by doing these shifts”. You seem to be fixated on the MM’s manipulating the market. QBT is one share that they market: one in how many? They are not reliant in earning their living through QBT.
Markets are regulated and MM’s generally do not manipulate the markets. They react to orders placed to buy and sell, that is what makes a market. Perhaps you would gain a better understanding if you had Level 2? ATB
Thanks Suthy. Trying to buy but keep getting the price of 1.77 so resorted to placing an order at 1.75p. Historically, the price seems to drop after I buy and I think it might drop a tad from here. Here's hoping. I'll be sick as a parrot if it goes up now. A dilema as I could have bought just over 100k with my £1800. Time will tell but looks like a day of staring at the screen in case I need to cancel my order. I'm not sure this is what Warren Buffet meant by being greedy! ATB
Some interesting posts here over the weekend, encouraging so thank you. I’m planning another top up first thing if we remain under 1.8p (I like round numbers).
It does seem to me that many peeps here are expecting news very soon. Two snippets from the RNS on 23 May: -
A. “During the next two months” and
B. “The complexity of the task makes predicting the timeframe for publishing new results and operational updates difficult.”
Are we putting too much emphasis on A and not enough on B?
We were told that the results would be independently verified by two authorities. How long will that take? Could this be done before the AGM on 22/07?
If you haven’t yet voted, the agenda is: -
1. To receive the annual report and financial statements for the year ended 31/12/2021
2. To re appoint MHA Macintyre Hudson LLP
3. To re appoint Francesco Gardin as company director
4. To grant authority to issue shares in relation to the 2013 bond
5. To grant authority to issue shares
6. To disapply pre-emption rights
The 5p options for the expert expire on 15/08 but I note B. above and wonder if this date is a safe bet?
On 1 July we got the RNS saying FG’s REPO was re-negotiated for 30 September 2022.
So, for me, I think news will start to filter through in September; always been a tad cautious with stated timeframes as all too often there has been slippages and I don’t like disappointments.
I for one trust FG. I’ll say it again, I also like the breadth of our research and do believe we will get different news at different times all of which will push the SP towards the moon. FG is very confident and holding onto his shares is a great vote of confidence but the interesting thing for me, is getting a lower rate of interest when renegotiating the date when interest rates are going up.
Patience is a better option to disappointment and misinterpreting what we’ve been told. I absolutely believe we are in a race, and anyone could steal our prize but this technology is complicated and takes time. I just hope we do deliver before anybody else but, nobody else has announced a better R&D program. GLA, 600
Good morning Toger, thanks. In my youth, I used to be good with figures but it seems most of my calculations earlier were out. Decimal points/failing eyesight. At 6.5p, 10m shares is £650k and at 282p, they are worth £28.2m. I guess the point is they multi-bagged by 43 times within 6 months. Not the record, but something to ponder? ATB
While some here contemplate what they see as MM manipulation, BTC and other minor, shall we say irritations? Surely, the fact remains that nothing we are hoping for, will start to happen until we get some news the market likes. By market likes, I mean the II’s, PI’s don’t have much clout.
So, when we see a trade of 1m shares, let’s remember we have 998m in issue so, 0.01%. Nothing really unless you are a PI. What we need are buys of something like 10m and that is only going to happen when the II’s see fit, do their DD and buy and one patent pending, and one court case won’t swing it.
Peeps, often compare us to ARB, possibly because of the giant leaps they’ve had. Well, on 28/10/2020 they were at 6.5p and the volume was a little over 10m. On 1/03/2021 the price was 282m and again, the volume was just over 10m. On 05/03/21 they did a fundraise which took the shares in issues to 382m (circa 40% of our own).
Doing the sums, the volume on 28/10/2020 was worth circa £661,647m and on 1/3/21 the volume was worth circa £28,487,634, I think the best day of all was 7 Jan 2021 when the SP was 125.5 and the volume was 88m (over £110b). What will QBT achieve? Something to look forward to! Happy w/e and GLA, 600
IMO, we need to see bitty for what it is, volatile. Yes, it rose from $21,600 to $22,300 in minutes earlier this morning but it is tumbling down again. I prefer to look at the trend rather than the hourly rises/falls. In any event, the news we all await has a wider application hence a more broad application. FG is on it! GLA, 600
TripodMan, you are spot on with this mornings post, particularly your second paragraph. ATB
Oh no, I missed my one chance so now I'm filtered.
22Starship22, I do not think they could be invested here, or anywhere else. Sad is one way to descibe them. Beyond hope IMO!
22Starship22, I agree, opinions vary and at the end of the day they are only opinions. I was merely trying to explain why I think we are linked to bitty but not tied - if that makes sense. Yes, most peeps here want the same thing but maybe not all? ATB
Thanks 22Starship22, certainly exciting times and I am aware of your earlier post. I’ve always been a tad indifferent with BTC prices, so volatile! Different exchanges also have different averages so making a comparison is more difficult. Can’t do a graph here but the ATH's were in October/November 2021.
QBT closed at 3.65p on 27/10/21 but during the day it hit 4.25p. On 4/11/21 it ended as 2.8p and on 8/11/21 it ended as 3.85p. Using the same dates, bitty was $58,438.5, then $61,409.5 and $64,800.5. Additionally, on 9/11/21 bitty was $66,937.5. At least one exchange had the ATH at just over $69k but I can’t find which exchange. Roll on tomorrow and fingers crossed (and everything else). ATB