Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Although understandably there’s a lot of excitement around our gold and nickel assets ppl shouldn’t forget the uranium, I’ve a few investments in this sector and one base very close to POW in Athabasca Basin region of Saskatchewan, Canada. has just announced blockbuster drilling results, sp. Up nearly 100% in 2days ! There’s a squeeze in uranium coming as there’s a deficit in mining capacity and viable mines , if POW can strike a nice deposit it also could be transformational.
GLA
Thanks for the question,
I believe it’s a little chicken and egg in as much as no company would sign a licensing agreement without conformation of actual results so it’s highly unlikely any third party deal would be announced before results are given to the market.
In theory the company can hold the test results until they see fit to release them because who’s to say when they’re complete.
I also refer you to the RNS on 30/9/2021 regarding the first patient application which was a little vague on details ( possible because the nature of the industry and wishing to keep the rivals guessing)
When you think of it an efficiently saving of “around 7%” 12months ago must have increased significantly with energy having risen so sharply in most of the world ?
Although I’m sure it’s the last thing most who are invested wish to hear, I personally think even meaningful news at the moment wouldn’t have the effect it would in 6-12months time . I could very well be wrong .
BB
Bitcoin
I’ve long been of the opinion that the SEC in America won’t regulate crypto because once they do it legitimises the industry and brings in huge amounts of money .
What many fail to understand is that satoshi’s genius is he’s created something that can’t be banned or killed ( in theory the only way to kill Bitcoin is to turn the internet off worldwide forever) this is what has the central banks in such a flap , at the same time this is what helps to drive adoption- each cycle ppl come to make a quick buck but a % of those do a deep dive and grasp that Bitcoin is a financial system that changes everything.
Now I find the whole FTX affair very strange, as you can see from previous posts when I look into something to invest in I go pretty deep . As I say it’s pretty much impossible to kill Bitcoin but it’s far easier to undermine confidence in the ecosystem by blowing up exchanges.
Something very fishy about Sam Bankman-Fried, he hales from MIT the very same institution that’s helping the FED with its fed coin .
Also the timing is odd , Bitcoins bottom in June was holding rock solid and there were signs that $19.5 was the new bottom which could have provided a spring to $25k by end of year .
One think that the whole debacle does prove is that ppl should be extremely careful when companies basically create liquidity by issuing their own PoS coin ….. 99.9% of POS tokens/ coins have zero intrinsic value, sure there will be a few that have genuine use cases but I note that even some prominent advocates of POS have started selling tokens and are doing it quite stealthily ( just a few thousand at a time ) .
What’s this got to do with QBT , well imo this would be a poor time to release any meaningful news , there’s every chance FTX will rumble on for 3-6months causing more contagion and sell offs .
Several stars have to line up in order for meaningful sp appreciation, meaningful factual news , news flow ( deals / orders / revenue forecasts ) but the biggest component is the been in a bull phase of the cycle.
If you have DYOR and are confident then maybe this is the time to by the dips , if you are more cautious then imo the sidelines are probably a better bet .
Have a good week all
I think the 29m repo are in addition to the 34m ? The reason I say that is he’d have had to declare a sale of the 5m ( difference between the two figures we have ) I can’t see any transactions by FG over the past 18months or so . You are correct that RE is still listed as a director which is sloppy on the site’s behalf.
I do think you can be reasonably confident Garth Webb. Still owns his shares because once again there’s a regulatory obligation to declare buys or sells of any holdings above 3% .
Quite happy to be shown to be wrong by anyone with a better understanding of share registry than me as I only have general understanding and not a knowledgeable understanding.
Addi shell companies to my understanding are either a new companies listed on an exchange Whithall no business as such but are formed with the intention of been used for reverse takeovers or a listed companies that has sold all its assets and is still listed on an exchange for the purposes of developing a new business ( don’t forget a listing on an exchange has some value as well as been a useful tool for raising cash )
What I can’t understand is why CLR would buy quantum blockchain technologies when it appears to be little more than a name . It’s possible it’s a massive coincidence but Garth Webb is definitely still on the QBT share registry with 43m shares @ Fridays close and was also the owner of ocumetics .
I can accept two companies with the same name in different countries , that’s plausible But two companies both with a person of the same name as major shareholders is pushing the boundaries especially when there’s some evidence of a deal between the two .
This is QBT’s largest shareholders encase anyone thinks I’m just stirring poo , clearly shows FG and Garth Webb so there’s little doubt it’s the uk QBT
https://www.marketscreener.com/quote/stock/QUANTUM-BLOCKCHAIN-TECHNO-4001897/company/
According to my reset mr Garth Webb is the second largest shareholder in quantum with 43m shares now what’s interesting here is Mr Webb is the owner of a company called ocumetics ( I believe based in Canada ) Bloomberg uk reported that WBT and ocumetics entered into an agreement on 26 Feb 2021 , what I can’t find is any RNS relating to this and I don’t recall any mention of ocumetics in more recent times ,I could have things mixed up but it’s a huge coincidence if I have . anyone she’d any light on this ?
I’ll try to post a link
FG is the companies 3rd largest shareholders with 34.2m shares , I’m not sure how he’s got so many , possibly as part of his salary package ( grant of options ) or if he invested his own cash .
The 4 largest shareholders account for around. 18.5% of shares
Only ever posted under Bitcoin to the moon or Bitcoin bull ( last year or so )
We had around 15 of us who held around 17m shares between us and in those days that equated to around 5% of the company, I sold the bulk of mine when Wall pulled that dilution trick one afternoon at around 3pm which was only open for two hours and not well communicated to retail investors- something like a 30% dilution ( maybe Wong on that figure as it’s been a while) I was raging and we lobbied wall but at that point our 5% had become less important and he was all about the funds / institutions, I sold the bulk @ 263p and the remainder at 88p , think my average buy in was just over 6p , remember they stayed at 6p forever then drops to 3.5p , wall bought 500k @ 3.5p which was the green light so I topped up jo just under 1m .
Crazy days , sadly I think Argo will do well to survive, Wall has really F up with his smart growth Bs .
Muscles.
In fairness to muscles he clearly understands Bitcoin, I asked him a couple of questions that he gave very reasonable answers to , ok I had a slightly different take but that’s doesn’t mean his opinion wasn’t correct.
I seem to remember him from fairly early in Argo , he may remember Albert ( old stockbroker who had 1m shares and kicked himself when he sold out at 100p ) Mike who was another big holder early on , I was the one who told everyone about the German guy blonity and also I had the X GF who worked at a big fund manager so I told every when the funds started waking up , I also worked out Argo would get to 85p when they were trading @ 3.5p ant the trolls on the board slaughtered me , strange how they went silent lol . I posted under Bitcoin to the moon in those days but lost my password hence the new account.
Whatever your opinion on QBT until the company give facts and not if ,buts and maybes nobody’s thoughts should be dismissed . The reality is the truth is probably somewhere in between the raging bulls and the harshest bear .
Enjoy your weekend all , I suspect Monday morning will be very interesting with mm’s holding lots of stock . TA is always subjective and on low liquidity Aim stocks it can only ever be an educated guess but I’ll repeat . 95p needs to hold on an end of day basis , that’s the line in the sand .
Added another 100k just before close to get me to the 500k mark . Why I didn’t buy early is beyond me but I f we look at sun of parts these are an absolute bargain even with todays rise so what’s an extra 0.0015p !
My hunch is these will continue to bounce around in the 1.30p -1.5p range until the market cottons on , once ppl wake up these could really take off . And the theory behind that is there will be an announcement that for whatever reason spikes interest then as the market takes notice the news flow from other projects will continue to generate excitement. PJ is excellent at the investor relations game which imo is vitally important in this new ages of instant gratification. Just my opinion based on some previous experience of stocks that have slept for a while then partied like crazy .
Here’s a couple of very informative and well versed Bitcoin miner analysis , Sebastian uses to run a pvt mining Farm and is very knowledgeable on all things mining and related subjects. Although I have great trust in both I still very much suggest you double check and cross reference but imo both channels give excellent and accurate information.
https://youtube.com/c/SebastianOn
https://youtube.com/c/TalkinInvesting
You should also follow the halving tracker on Twitter which is really gives a heads up on potential BTC moves based on past cycles.
Oh and you should also follow satoshi on Twitter, once you do a little research it’s pretty clear who he is , he’s constantly on podcasts / Bitcoin shows and generally doing interviews. It’s actually a fairly common knowledge but for obvious reasons he always denies been satoshi . And yes I’m teasing a little but I’m interested to see who can work it out . I believe the man who wrote the white paper is ……. But he definitely had help along the way from several cypher punks including HF WD and others . Answers on a postcard to Malta lol
Whoever plucked the $42k figure out o thin air is clueless or winding you up . The most efficient listed miners are producing BTC for a round $10k as they have long term energy deals locked in at less than 4c and some as low as 2,9c .
I haven’t looked at Argos current mining costs but I’d take a ball park figure guess of £16k per coin . As I’ve previously posted the loss of Perry Hothi was a deviating blow , there Texas facilities for whatever reason are not mining anywhere near as efficiently as they should be .
Imo .95p end of day close is the critical level for QBT I would be surprised to see it tested inter day but I think it should hold, on an-end of day basis but lose .95p on a close and that brings ,44p into play which is strong old major support from CLR days . The strength of buying yesterday suggests 1p is the line the bulls will defend .
The bottom line short term is FG needs to start delivering clear and confident RNS’s anyone with even basic body language skills would have found the proactive interview very interesting, either he had an erotic movie on to his right hand side or something else was going on ! The eyes are always the give away ;)
It would appear there’s a liquidity issue now with Genesis, to many customers trying to withdraw funds , it would appear ppl are finally waking up to the fact crypto held on exchanges are the same as cash deposited in a bank account ( ( you hand over control and actually have no legal rights to it )
This is effectively a bank run and will know doubt knock the market further even though it’s actually nothing to do with Bitcoin itself, these events happen each cycle as ppl ( many newbies get greedy and don’t follow the basics ) I know some won’t appreciate it but my advice would be keep some dry powder for the bargains that will appear both in crypto related stocks and crypto itself-, some of the better run miners are incredibly cheap on an 18-24month outlook imo that said I still expect the majority of the weaker players to go bust .
I have recently started buying into what I believe are the 3 strongest miners with one more on my watch list , I won’t name them as I don’t believe in ramping on other companies BB , my feeling is there will probably be only 6-8 current miners survive , unfortunately this means ( imo ) a lack of spending on hardware/ infrastructure over the next 3-6 months . I think the market will be flooded with cheap hardware as the miners that are over leveraged desperately try to raise funds by selling rigs .
I don’t currently hold a position in QBT although they did hit what I thought would be the bottom this morning , I thought once 1.42p was lost .95 p was pretty much inevitable , I would be a little surprised to see the price drop below.95p But until FG sorts his communication and plan of action out I’m on the sidelines. IF FG delivers what he promises there will be opportunities to jump back in .
If you seriously think core scientific will come to FG’s aid I suggest you do a little more research! They are a basket case due to Celsius blowing up .
https://www.forbes.com/sites/rosemariemiller/2022/10/27/core-scientific-unable-to-pay-bills-warns-of-bankruptcy/
The NDA is with Argo , PW let the cat out of the bag months ago on a video update that was subsequently taken down , sadly for QBT Argo are in no position to place orders of any size and now Perry Hothi has abandoned ship I don’t think they have the technical ability they once had .
Although I’ve always been somewhat sceptical of the QBT story actually imo it’s pointless giving meaningful news at this point in the cycle due to the general lack of investor interest in crypto, interest should start in April/ May when folk try to front run the halving . The cycle is perfect intact , just follow the halving tracker on Twitter, it’s frighteningly accurate, and will help the more nervous through the dips .
I’m sure some on here will be pleased to hear today I sold the remainder of my holding in QBT , at least one of those transactions was recorded as a buy btw . Following the AGM I decided to reevaluate my position and concluded there were simply to many Red flags and the communication far to opaque. For my personal risk tolerance. Only time will tell if I’m correct in my evaluation of QBT or if I’ve dropped an enormous clanger , what I will say is even if FG delivers what he’s claiming there’s absolutely no chance of Quantum reaching the valuations some of the diehards on here think it will with the current standard of transparency and communication.
Stop embarrassing yourself ffs
Jeff Keating works for SP Angel
Who are QBT’s Nominated Adviser & Broker
There’s an old saying Addison - a little knowledge is dangerous & you truly seem to have very little knowledge regarding the company, Bitcoin and the financial markets in general.
Funny when I told ppl to contact the house broker ppl said they wouldn’t speak to Private investors!