Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
PAS14, I think we will see some uplift in the SP because the results are there - maybe still being verified? I think it would be unforgiveable if FG misses the REPO date this time! Heaven knows where the SP would slip to.
I am thinking news will start to flow within days/weeks if this verification is the only thing holding us up. I don’t think we are waiting for the quantum side of things - that’s the other half of the R&D. I’m thinking 2023 or even 2024 for that. The real delay, and uncertainty, on this is the availability of suitable quantum computers to test the software that has already been developed. Been wrong before!! The thing here is twofold; waiting for the world at large to ‘catch up’ but also the cost. I think this is where PF’s contacts and experience will prove invaluable.
I do see an improvement with the right news and therefore the SP soon but with more to follow on the quantum side when they have proof of ‘quantum supremacy’. We also both agree that this technology has far wider applications than bitcoin mining. Speed/efficiency with massive volumes of data is Web 3.0 and that must have tremendous potential/revenues.
I’m not forgetting the competition/race - my main concern. All IMO, ATB
PAS14, one lesson I think I have leaned with FG is not to take his timeframes too literally. The expert’s 5p options being a prime example. Regarding your question whether he means the last year, or the next year; what he says is unclear to me too. Could this be down to English not being FG’s first language in the same way that translations can lose something? I do not consider he is being deliberately vague/misleading. That said, another aspect was the interviewer (at 6:56) asking “What are you hoping to achieve in the next say 12 months?”
The lack of clear communication is frustrating, testing peeps patience! ATB
IMO, that little, but humongous word, ‘IF’ is what this is all about. Success in any, let alone many of the R&D avenues could be massive. Yes, there are risks. And that is why a decided to sell a substantial chunk of my holding back in April and reduce my exposure. Despite the lack of news that sends the SP northwards, I have bought back even more shares in the last 10 days. Pretty sick my timing was off though!
I’m not fan of copy and paste but this excerpt from yesterday’s Proactive report, https://www.proactiveinvestors.co.uk/companies/news/993327/quantum-blockchain-continues-to-invest-in-potentially-ground-breaking-mining-technology-993327.html is, for me, at the nub of my investment here: -
“Quantum Blockchain Technologies PLC (AIM:QBT), the AIM-listed technology investment company focused on disruptive proprietary Bitcoin mining technology, continued to invest in research and development throughout the first half of 2022, according to recently published interim results.
As a company still in its R&D phase, Quantum did not generate revenues for the six months ended June 30.
Operating losses grew by 194% to €2.1mln, partly due to the recognition of share options totalling €1.3mln, but also reflecting the investment in its technology.
Importantly, cash and cash equivalents at the end of the first half came to €1.3mln.
“Although the company is still dealing with some legacy assets (related to litigations and previous investments), QBT’s focus is fully on the technology side of the business, with an extensive team of researchers aiming on delivering a novel solution to mining BTC,” stated the company.”
Disappointed to hear on the VOX interview that the crypto expert is still with us but the company, and advisers, all refuse to comment on their 5p options. With so many options out there, the revenue here has huge potential if we hit 10p. Add any further funds from the court cases and I can see we may not need to raise any other funds.
ATB all believers, 600
cloud10, that is an excellent analogy. I wish I had said that! The interviews last week were, for me, very encouraging. I have FAITH that FG will deliver some news very soon. Not sure what to make of his talk on availability of quantum computers and 2023 except to say the development here will be rolled out over time. Maybe PF will speed this up for us. ATB
Addisonshare, I know at least one poster here doesn't like the term 'hope'. Without hope, what does life offer? Hoping is different to dreaming. I have done a fair amount of research here. I am not of the mindset that anything is a dead cert. I am HOPEFUL we get the REPO confirmation on, or before 30 September but more importantly, other news to send the SP north of 3p this week. 10p is my latest price to top slice with averaging down. I need to recoup £27k for my free ride. IMO, this could happen before Xmas, the sooner the better. I also see, if the results are good, that 10p is not the ceiling. The rest is guesswork. All IMO, ATB
For now! Topped up with another £1,800 worth. Assuming we hit 10p, hopefully before Xmas 2022, I will top slice and sit back and wait while I enjoy a free ride. Patience, 600
$64,000 question: -
1) What will the news on testing be?
2) What will this do to the SP?
3) Will this happen before REPO day?
4) Will the Sipiem Court result come well before Xmas?
5) How much will this award total?
6) How much will the other court cases bring?
Then we have all the other news regarding quantum computers looks like being in 2023. Sooooo much to look forward to here. Patience & still buying at these crazy prices. All IMO, 600
I really don't get the trading here today; all over the place. Approaching 10m in volume today now with just over 1m yesterday. I did not see the drop coming - seems insane unless peeps need the cash and can't wait.
With the buying I've done this week, I can afford to top slice at 10p and sell enough to recover my investment here keeping the rest for a free ride and selling when I want something like being mortgage free. Bring it on.
Have a great w/e all. 600
Memory!! STRONG BUY
Good morning all positive QBT’s. I forgot the drop-down menu and ‘strong buy’ last night, so apologies - I’ve corrected that now.
Also, did anybody else think FG was wearing a brand-new suit & tie and looking happier with Katie Pilbeam’s interview? Whilst my hearing, eyesight and memory play up, I think my imagination is ok.
Dare I say I’m hoping for news next Friday - they need time to decide what to say and double check that. Then more news on the 30th to advise he did buy back his REPO.
Busy and better size trades so far today! ATB. 600
Having listened to the Proactive interview and the Vox Markets podcast that were broadcast on Monday again, here are a few takeaway comments I think are worth dwelling on. I’ve tried to catch them verbatim: -
• “that Peter has joined our board and will make a major, major contribution to our company”
• “we are developing miners and relationships are very important”
• “as you will understand, I cannot discuss results which haven’t been shared with the market before a communication”
• “I am aware hopefully that this has been the case for a few months but on the other hand we have gone through a very thorough process before we can release our results because we need the scientists who are in charge of these results to sign. We need a different team of scientists to double check. A very, very solid process before making an announcement”
The above are tasters and not the whole plateful. So, yes, I too believe 1) the results are good and 2) they are imminent. Been busy topping up at every opportunity this week and now believe this is a strong buy. Time will tell, 600
Fascinating article. 99.9% less energy sounds incredible. One question is will less computers mean less secure with moving to 'validators'? The all important issue now is will this affect our R&D? Both Proof of Work (PoW) and Proof of Stake (PoS) have been around for some time.
I can’t wait for the news to land and send the SP northwards. Not because of the money I will make here, but because surely the drivel posted by some will dry up! Could be this month? Good luck and all the best to the patient and wise holders, 600
I was relieved yesterday to learn of the new NED’s appointment. The suspension was an unexpected blow! I managed to buy back my shares before the price went up but also threw in a bit more cash. Mainly because I liked the credentials of our new NED but also, the news on appointing a second - well overdue IMO.
As part of my research, I soon discovered that PF is very well connected. Unlike FG’s Linkedin profile, something I personally favour, PF is very well connected there. I now see that he may be able to open doors where we can overcome stumbling blocks with finding the finance, or more importantly, access the hardware we need to continue our development.
Reading Addisonshare’s link from 00:05, it is also good to see others see the longer-term advantages of this technology. Some peeps will appreciate I was never convinced we would get news before 15 August. Whilst some don’t care for the expression ‘hope for’ I do hope for news that will take the SP above 3p again and before the end of the month. 30 September is a lot closer than 15 August 2022 was back on 2 June 2021.
There are no guarantees, but I do believe we could have a steady stream of news over the next few years that will propel the SP northwards. In the meantime, I expect I will need to put back my time to top slice and recover what I have invested here. Looking good! ATB, 600
Addisonshare great link, thanks. Recenly your research has really improved. ATB
https://bt-miners.com/collections/spare-parts provides a list of spares for these miners. ASIC Replacement Chips For Bitmain Antminer Regular price from £258.93 so not the prices quoted here!
Personally, I really do not see QBT getting a deal like this with Argo. An indiction of how no news can lead to fanciful dreams? Would love to be wrong! ATB, 600
WillIwontI, regards your posts yesterday evening: James Gordon is a solicitor with 224 appointments registered at Companies House. FG tends to use him as the Company Secretary. I think you'll find JG specialises in the formation and running of companies - in legal terms. He has an MA from Oxbridge.
The only time I’ve seen him appointed as Director with FG, is with Infusion 2012 Ltd. It was Clear Leisure Name Reservation Ltd, company number 13290974, that was dissolved on 30 August 2022. James Gordon is still the Company Secretary at Clear Leisure 2017 Ltd which is the company relevant to Sipiem Court case. I don’t see him as an NED with QBT. Worth bearing in mind FG has used several Italian law firms in the past. Nothing to worry about, Sipiem is still looking very good and we await the news on a new NED. ATB
Aim 26 covers this but the webiste does not go into too much detail. See https://www.quantumblockchaintechnologies.co.uk/investor-relations/aim-rule-26
For the London Stock Exchange, I think it is either one month or six months to appoint the new NED.
Jambone, according to Companies House, FG is a director of companies with some hefty debts including following: - Brainspark Associates Ltd, (-£36,255,172), Infusion 2012 Ltd, (£201,200), Quantum Blockchain Technologies Plc (-£5,396,000), Clear Leisure 2017 Ltd, (-€ 48,624), and Regeneration Enabling Devices International Ltd, (-£54,186). I’m no expert so if we could get someone who really understands the issues with holding companies etc., that would help. I believe the reality is that the individual companies owe these monies, but the directors have limited responsibilities. Again, my understanding is that QBT is the parent company so how exactly does this affect us?
Yes, CLP/QBT is likely to recover some through the courts but not all. Anyone here today that can shed some light on this please? ATB
PAS14, we have both been singing from the same hymn sheet for some time. This is not a one horse pony although many seem to see it as such. The breadth of FG's vision with the way he set up the R&D teams together with what he has done with covering the different angles tells me he has all angles covered. For example, having two indepenent verifiers. I do see the mining bitcoin as the first priority but the application of that same technology is pretty near limitless. I see 4 to 5 yeasr of strong growth. Miond you,I have been wrong many a time too. ATB