Member Info for avocet123

The permits are taking much longer than expected.

Not sure how much drilling can be done with what cash is left in the kitty.

We could really do with a partner.

I was expecting the drilling to have started at the very least to be honest.

I did not think we would still be waiting for the permission to start drilling 4 months into 2025.

QBT has been here before at least twice. Allegedly talking to miners and chipmakers.

Nothing ever became of it.

Only the next placing, that came. And it will come again, along with Method D.

why do qbt need to "follow up" with these interested parties, if they are so interested?

if they are so interested they would have signed the nda already and told him to get his **** here to start testing tomorrow.

"The Company PLANS to follow up with a number of interested parties and it is EXPECTED to sign new NDAs in the coming weeks which will lead to data sharing and third-party systems testing."

Its wishy washy as hell. They plan to follow up with the "interested" parties. I plan to do a lot of things, unfortunately I often don't follow through.

And FG has so far failed to ever follow through with anything, apart from the next placing. That a 100% certainty.

They expect to get NDA's and third party testing.

We had already been here before. It lead to NOTHING.

This time will also lead to nothing. Like last time.

A nothing rns. Smoke and mirrors.

The odd thing is that he is ramping RR. but if IAG dont do well, I would have thought RR. will also do less well.

Seems counter intuitive to me.

So you cant explain how you get to your figures. You basically just make them up. Thats fine.

I for one dont really care if it goes back to £1.66.

We have to remember that the SP went up pretty hot, and we are still up 31% over 6 months, and 48% over 12, so its still a pretty good performance over those periods.

Can you back up why it will go to £1.66?

I am not saying its not, I just think that it will not drop endlessly. Like it wont go to 0 will it.

So how are you coming up with your figures?

"So don’t see why it won’t get £1.66 now."

Because the company is worth more than £1.66 per share?

I mean with that logic, why are you not calling for 50p? Or 40p?

Dooogle. You are posting rubbish.

QBT's results are not irrefutable. They are just hear say. The company has not mined a single bitcoing. The results are not backed up. They are only THEORETICAL.

You are right in one thing though. Its all to PAY for. PI's have been paying for a long time.

"Really. Last placing was end of jan 2025, previous placing October 2023.

How is that placing after placing?"

You have not been into QBT long enough. QBT has achieved zero so far, and that is not going to change.

Its just a lifestyle co.

Why would anyone sell the shares at if this was such a great investment?

No product, no revenues, no cash, and probably a placing coming - yet still valued at nearly £5m.

The mcap is still ridiculously high for what this is.

I agree. This sp has been punished beyond recognition. There will be massive recovery here.

This was a pump and dump of epic proportions. This will go nowhere from here.

Unfortunately lots have been spiked, but the writing was on the wall.

"Given all the cost pressures people face and the relative grim economic outlook Id expect people to be tightening their belts"

There is a lot of complaining in the media about cost pressures, but in reality, no one I know has told me they are financially worse off, or in trouble, and much less that they wont be going on holidays.

In fact, its much the opposite, at least within my circles.

Maybe Savage struggles financially, maybe thats why he thinks people are having to cut back like him.

I thought this would explode today with PoG rises?

At an MC of £4.2 million, nothing is indeed priced in.

Obviously dilution is always a fear, and its a possibility no matter what the sp is. People here say the sp is too low to place. This is wrong. The sp is never too low to place, because what is the alternative if money is needed and cant be got through other sources?

I had understood from last years coms that we would be getting ahead a lot quicker than what we are.

I thought drilling was going to be imminent, but here we are end of March, with not even the permit to drill.

So I can understand why some might be getting doubtful, however I am still hopeful that this will turn good.