Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
The drop in SP is no surprise, a pain in the butt but I’m getting used to this nonsense. Made worse in terms of percentages due to Friday’s UT at close. THE news will land!
My own thoughts on the 100,000:4 is that these are that maybe the odds relating to the success of quantum computing - when we have machines that work. Not sure Di Sante is involved with crypto or QBT, nothing I read said so plus he’s based in the wrong uni.
Addisonshare’s positivity is priceless but let’s not see shadows were there are none as this might lull newbies to jump in when this is not, IMO, a good reason. Plenty of news released to keep the faith without this. GLA, 600
Eddie, I do but my alert didn't arrive until after 7:30 yesterday. They're getting later and later! Still better than the company website or here though! ATB
I am thinking is that today’s news will be based on more certainty. When FG did his deal with MCS/Eufingest on (16 December 2021), he/they would not have any real idea of what the SP would be in 6 months time. It was 2.95p at close that day, and fairly volatile in December. As the recent interviews have shown, results are in. FG must have an idea of how long the verification will take and so I’d say 16 December 2022 is a safe bet and further, it has a good margin in that time span.
Pretty sure MCS have access to the state of play too otherwise why would they agree the extension at a price of 3.153p when it was 3.185p on 16 June 2022. Less money for an extra six months!! They surely must know something. I’m happy to wait. Cheers, 600
Colin, either way there is no point freting about it as we, as a PI, can't change their approach. Some day we will get our rewards, I just don't know when, or how good. ATB
Thanks Colin, as far as the MM's are concerned, surely they would be more inclined to 'play' the shares that have volume? At the end of the day they nee volume and percentages to make a living and I dare say, a fair helping of luck. ATB
We seem to have a tranche of very positive posters thinking this is going to ‘take off’ and very soon. Another, bashing it at every turn. And another believing QBT will come good but not saying when.
Many years ago, I decided to allow for some slippage in my investments and not to base my decisions solely on the ‘news’ released. Yes, I would prefer that FG concludes his REPO this week, but this is his personal finances, not company business. I agree it does set a good example, but I do not know his circumstances. Better to focus on company news and the fundamentals here.
We also have a few who think the MM’s are playing games when things don’t go the way they expect. I am doubtful. Even Aim is regulated. Others manipulate daily, more often than not the market reacts, and I get it wrong (my timing is sometimes off).
I wish I knew how long the verification will take. For me, that is the hold up. If the verification confirms the R&D teams work, then I am confident that we will start our journey northwards. FG is no fool. He knows this needs to be watertight. From what we know, he has been laying the foundations to link up with the right companies to provide revenue streams. The appointment of PF isa blinder. Then we have the other incomes; court cases and when/if the SP hits the options prices, a good chunk of money will land then.
I said it earlier, today’s news was good news. Patience, bl@@dy patience is what is needed. I think we will have the right news before the next REPO day in December. I won’t try trading this again although I didn’t loose out after the suspension. Sitting tight and waiting (patiently). GL to all investors, 600
Having read the RNS now, I’m confident we will get the VERIFIED news before 16 December 2022. The fact that the REPO price has gone from 3.1125p to 3.153p for an extra 2.5 months, when interest rates are going through the roof, is GREAT NEWS IMO.Personally, I have always allowed for slippage with news. ATB, 600
No worries LSE sent the alert just as I pressed post.
Good morning guys and gals. I'm missing something here. I can't find any RNS on a second rollover here or on the company website plus I've had no notification from LSE themselves. Could someone please post a link?
In any event, the last time saw FG getting a better deal. MCS/Eufingest have been rock solid where QBT/FG is concerned. That said, a second time is not good news in some respects but the main thing to note is it has (apparently) has been extended. ATB, 600
Some say ‘timing is everything’. Certainly when buying and selling, I’d agree. Again, it’s my thinking FG will complete his REPO this week, he might not think the same and most likely, there will be another extension. The lenders know more than I do. Completing the REPO is not the critical thing here. The verification is. How long that will take is the $64,000 question. Indications have been that the results are good. A bit more patience may be needed here for these golden eggs to hatch. GLA, 600
Addisonshare, looking at the trading here today, I’d say it is the same as yesterday - based on EXPECTATION and not FOMO. That will kick in once THE news lands and the II’s start buying; that is when the volume will take off.
My plans often go wrong but I’m hoping the II’s will still be buying at 10p which is my preferred price to top slice and recover at least my £27k stake here, ATB. Fingers crossed and hoping for THE news before REPO day but before this Xmas will do me fine, GLA who are invested, 600
Interesting that our biggest day volume wise was 27/10/21 when we hit 206m and without any news plus we had our ATH of 4.25p. On 5/11/2021 we had the RNS on ‘Update on FPGA and ASIC Development’ and the volume was 101m and the SP at close was 3.45p. Where will we be when we get THE news? It definitely seems to me that some peeps are loading up but we are not anywhere near FOMO. Just 6m volume yesterday. Maybe the II's are waiting for THE News? GLA, 600
The only RNS we received on a Tuesday was on 30 Nov 2021;
NDA signed to provide QBT with 5nm Technology for Proprietary Bitcoin mining ASIC.
I wasn’t expecting one today! Be nice to see a tick up again like yesterday but without news, I don’t see us multi-bagging today. Maybe by REPO day we will have the news to send us northwards? GLA, 600
I watched this morning’s trades and thought they looked encouraging and thought maybe, just maybe, we will have a breakout. I missed the increase in SP and improved volume this afternoon. I won’t say “exciting”, but it does look promising. Following on from the recent interviews and appointment of PF, could we begin to receive the real news we are waiting for and before REPO day? GLA, 600
Well spotted Addisonshare. Rita was appointed as a senior consultant back in May this year I can't remeber who it was that posted that. Seems like she earned a promotion this month. Maybe a signal that the results are nearing publication? ATB
Whether we get news, or not, before Friday’s REPO deadline will not change the real news when it arrives. If we don’t get confirmation that FG has bought these shares back, I do expect this to spark some selling by the less positive amongst us. That said, I don’t think the volume with these sells will have much impact on the SP; the less positive are, in my view, not likely to be holding millions of shares each - maybe not even collectively.
Since we need a buyer for every sell to happen, and vice versa, any news needs to be pretty massive to create volume and/or FOMO. In terms of volume, I suggest we need well in excess of 10m, and probably nearer 20m, in a day to make any significant difference to the SP. That is where the II’s sitting on the side-lines will come in. When/if the news is sooooooo good, they will buy - in the millions.
No news is no reason to sell. Patience, or the lack of it, seems to be the precursor for some to sell. Peeps, myself included, get frustrated but I would say this is because I’m thinking around my own timetable rather than the company’s. I appreciate what we are trying to do is hellishly complicated hence, it takes a bit longer. I also appreciate that FG is making sure the evidence checks out by having a second team of scientists verify these results.
The naysayers and de-rampers etc really don’t have anything to say that could affect those with an inkling of what QBT is trying to achieve. Regrettably, anyone merely reading their posts could sell/fail to buy in so they either lose out or will not make the same profit if the news is what most here are hoping for - the believers.
I thought I was done with buying a month ago but the news we have had and the drop in SP prompted me to top up, again and again. No funds left!
The main risk for me is that somebody else will be first past the post, there is always a risk.
All my own opinion, please DYOR, 600
More bad news for miners but is this an opportunity for QBT to reduce the cost of mining? Compute North Files for Bankruptcy as Crypto-Mining Data Center Owes up to $500M https://www.coindesk.com/business/2022/09/22/crypto-mining-data-center-provider-compute-north-files-for-bankruptcy-protection/
For me, our R&D has always included the reduction of mining costs and improved efficiency. I was at a family wedding yesterday and was alarmed at the number of quantum computer related articles google was throwing out. Loads of companies conducting their own research. Maybe the bottom line is speed but not of the chip but publishing proven results. I really do not want FG to miss his REPO again, 600
Good morning 22Starship22, agreed. FG is not the easiest of peeps to understand and unfortunately the RNS's and whenever I've approached the Nomad, and the PR contact, nothing is ever cleared up. Frustrating to say the least! That apart, I still see the potential here. Timing is a nightmare! ATB
But Eddie, you repeatedly said you would buy in again WHEN the news dropped and you bought 5,630 yesterday - first thing (08:02), remember? So we must have had THAT news.
I’m not the first here to understand that what FG has said in these interviews has to be based on fact. Otherwise, he could be accused of misrepresentation and that could lead to charges of fraud.
Listening again, to the VOX interview on 22/09/2022, I think a major clue lies in the section starting at 08:53 “A mix of them (licences) and of course when we reach one of the final goals which is the quantum version ….”
Does anyone agree these little gems fit with granting various licences to anyone who is prepared to pay for what we develop? If so, when will these licences be granted and these income streams start?
Other than the two NDA’s already announced, are there other negotiations nearing completion? Personally, I’d prefer a slow and steady release of the news rather than holding off for the quantum side of our R&D. Especially since this is where the main race must surely be.
As many of us have posted here before, we need the news before the REPO date next Friday if we are to avoid even more selling and dragging the SP down.
Any rational thoughts will be appreciated. ATB, 600