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The broker codes myth was made up by some plank on YouTube a few years back , ask yourself in this modern age of smoke. Signals , carrier pigeons , snail Mail , text messages and email do you think Brokers would really communicate so everyone could see ?
In most cases small trades are a result of introduction or referral offers by brokers - refer a friend and get a certain amount of credit ( between £10-£200 in most cases) likewise some brokers will give a bonus for new customers ( deposit £100 get £20 trade free .
And believe it or not on occasions funds and institutions will be forced to round up or down to rebalance there portfolios I’ve certainly seen very large funds sell less the £100 of stock on several occasions.
On a different subject the market makers seem to be testing the market in many small and micro caps today , I’ve certainly got 6-7 companies up 15%+ for no apparent reason, whilst welcome after several harsh months the lack of volume and news suggests it’s market makers testing the markets risk tolerance.
I spoke to him around. Month ago , we invested in a few companies we felt were strong enough to survive the winter and were materially undervalued.
I know he’d come off YouTube having had some very unfair stick from idiots who didn’t understand what they were investing in and were just looking for a scapegoat. Real shame because he knew his stuff on. Companies , power and rigs and if folk had scaled in and scaled out rather than trying to become overnight millionaires they’d have done extremely well listening to his thoughts .
Are you still in touch with our German friend?
He was invested here last year but I think he sold out when QBT spiked to 4p
So who else is coming to the AGM today ?
I’ve registered my intentions to attend as I’m not far from Kings cross / Bloomsbury anyway ,
12noon , 22 Great James Street London WC1N 3ES
I’ve a couple of questions to ask if there not covered by the company so Hopefully a few more insights into what’s going on and timelines , also be interesting to see how many PI turn up!
So we are to assume your definition of a trouble maker is someone who calls out BS then ?
I notice you used the same old tactic of denounce and deflect rather than answering my question on what happened to the BTC that the company according to you were mining in Q1 22 .
£1 target 2022
14 Dec 2021 07:37
Fastest miner on the planet. AI techniques already producing outstanding results,?The last interview by FG was nothing short of sensational. Already 2X without using patent, Mining in Q1 with OWN chip is simply remarkable. Valuation is incredibly small based on the above. I agree it will not be easy to accumulate in large quantities soon
Also interested to see how you plucked that £1 price target out of the air . Even more interesting to see how you came up with £2 lol
The dilution is well known if you care to read the RNS’s , where do you think the granting of options is coming from or the l bond conversation ?
Can you enlighten me on what’s shady about that ?
The names of directors are in the public arena. , so why not name him ?
Lol we all know why because it’s a figment of your imagination.
So you can’t actually give a name or a position then Addison , lol
Mind you if this alleged MD actually said “he didn’t know what’s going on “. I’m not surprised he didn’t divulge his name or position.
So a question for you Addison , what was the name of the “MD” that responded to you and what was his actual position in the company.
Pretty standard information when replying to an email in an official capacity im sure you’d agree .
Instead of attacking someone who’s actually talking fact why not engage in sensible conversation? Or are you upset because someone has called out that ramping alter ego of yours ?
Yes mate you are sussed and I realise I’m not the first to call you out .
That post you put up earlier using the Addison account was cringeworthy .
IF that was a genuine reply from FG then I would suggest He should consider his position immediately, making a comment that he didn’t know what was going on is frankly reckless at best and more accurately negligent and should certainly worry any shareholders.
Surly he would have said I can’t currently divulged any market sensitive information.
You obviously struggle with reading, I said at 3.95 & 4.10p . I dare say you don’t understand the concept of scaling in and scaling out using TA .
No doubt you are just a punter buying and selling on a whim , each to there own but good luck with trying to time the market manually because it’s near on impossible.
I was fortune enough to buy in at around 1.65p and sold quite a substantial amount of shares between 3.95 & 4.10p what I have remaining is effectively a free ride , my current position is just north of 7 figures .
I’m expecting the next month or two to be quite interesting in BTC , the Celsius Situation possibly been ( the biggest known ) factor but also the. USA CPI figures tomorrow should provide some market direction ( expect 9% and possibly a market puke ) but then a rally as ppl realise the fed will have to pivot in autumn/Q1 .
My gut says 2-3 months sideways but if we take a final dip to $15k or even $11k I’m going in with a lump sum as apposed to my normal DCA strategy. But each to their own and you should definitely DYOR.
There’s a lot of speculation, guessing and ramping here , there’s a very simple solution call the company Broker !!! Details are provided with every RNS ( name and number )
Brokers will gladly speak to shareholders and provide them with company information , in most cases they will also speak off the record providing you ask sensible questions .
It truly amazes me that private investors don’t utilise one of the few tools they have to gain deep and accurate information on companies they are or wish to invest in .
Why not cut the guessing and ask directly, are QBT currently mining crypto, have they a power supply deal and in which case are the terms known .
How do the company propose to fund hardware purchases, have the crypto experts contracts been renewed.
I’ve had two conversations with brokers in the past 4months and gained some valuable insights in to potential dilution over the next 12months as well as the brokers views on company strategy.
Have there contracts been renewed, they were hired on 12months fixed contacts back in May /June 2021 .
I’d have thought been as how vital they are to the company an RNS with an update should have been forthcoming Either before or slightly after those contracts expired .
Generally speaking Aim companies trade very few shares in a day , even when Bens was running higher the volume was light very often only trading 1% or less a day .
In hindsight when we look a Bens rise it was in pretty clear steps that 63-64p level was a big one and coincided with the bottom of a falling wedge pattern that formed from 104p down .
Let’s say someone with 30k Twitter followers can get 1% (300) of those followers to go short , that’s actually potentially a lot of volume in a lightly traded stock , as I suggested once that 63p level broke it possibly triggered a cascade of selling from those who set stop loses at 10% & 20% below that level , it then becomes self perpetuating.
But. Let’s not forget the opposite can work just as well , short sellers will be forced to close out if we get a bit of buying pressure ant the sp should rebound nicely.
Bit of director buying or even a fund buying in at these prices would cause a short squeeze imo , hence my trade today.
Can you explain how I’ve changed my tune ? I very clearly say the fundamentals remain rock solid and I’ve demonstrated my belief in the company by adding a further 10k shares . My core holding held in my SIPP & ISA accounts won’t be touched but I’m quite happy to trade and hunt a short term profit … it’s quite simple really
TA guy on twitter with around 30k followers said short it , my guess would be that once we broke 63-64p it triggered a fair few stop losses as that was old support / resistance.
Fundamentals remain rock solid but the fear now is we get taken out on the cheap by an opportunist buyer .
For my part I’ve added 10k more at 39p which in honesty I’ll look to sell around 60p as I’m a little to overweight here as I’m sitting on 150k shares .
Wouldn’t be surprised to see some directors buying if prices remain so cheap.
Very similar activity in Prem foods around a month ago , sp shot up one day for no apparent reason , it transpired a few days later a Japanese company had increased there stake by 5% .
My GUESS is either a big fund or possibly a big mining company is sensing an opportunity to buy a stake in a quality outfit on the cheap . Don’t forget miners are awash with cash currently, the case for silver rising significantly is strong . $50 silver in the next 24months is not the worst bet you’ll ever have and if we do get Silver at those kind of prices a SP of £20+ is on the cards .
Just done a few sums in my head , assuming we produce 7 trains a month @ $400 PT with a profit of $200PT that implies £134m profit over 12 months at the current $1.25 to £ with 351m shares we sit on a forward P/E of less than 3 .
A few assumptions and rough maths but if things remain on track my initial target of £3 per share over 12 months looks very possible.
I personally suspect that the lack of institutional investors is probably holding back the shares currently this is why BEN’S need to really push those ESG credentials to make them attractive to fund managers .
DYOR but 80p really is dirt cheap for a quality outfit like BENS