Member Info for Breq

Er, back in the real world, the PrimaryBid app is their's not Beacon's. And it works.
Probably Beacon will announce the placing price today or early tomorrow, so allowing PrimaryBid users a bit of time to decide whether to apply. Not sure PrimaryBid is the right platform to raise for a small cap without specifying the price per share.
PrimaryBid was only ever likely to be a modest percentage of the money raised. More likely the bigger backers will be like HNWIs who have done well out of top performing oil and gas stocks, e.g. RRE, in the past.

They wouldn't announce a price below where it was suspended. The market cap was £ 2.5m pre deal. No board would go to all the effort of sourcing a deal with potential reserves of tens of millions of barrels just to destroy share holder value.
The whole point was to add value by doing a deal.
If the share is 1.2p as suggested by some today then that's £30m post raise. Sounds about right to me. If they want to consolidate at 10:1 then 12p.
Why would investors invest at a £30m post money cap ?
Well there's the German asset which sounds very promising but probably much more relevant, the other thing. Clue is AA.

Can you give us the dates you have your therapy sessions and how well they are working?
Then we can produce a schedule.

Thanks. Hopefully if the demand is there the gov will increase allowances. With the huge new steel plant under construction and the intention to supply it with local inputs they're going to increase transport and water access.

Anyone have a view on tonnes a few years out? From memory CGO had been targeting 300,000 tonnes of coke in 2023.
With B2 Block resources of 700,000,000 tonnes or more then could CGO just keep expanding? Dependent on demand and transport. 1 or 2 million tonnes a year if demanded by 2025?

Agreed Helx2 about BIDS. But would anyone actually pay these guys to deramp ? I'm pretty sure they are either people with borderline personality disorders or city spivs hoping to profit PA.

Yes even if we just take the $ 84bn increase and assume only 50% of that is targetable by BIDS due to geography, then even if BIDS only gets 1% of this $ 42bn increase it could rise with the current share count by 30 times.
$ 420 m times 30% margin less ( by then say) $ 25m annual opex = 35 times on a EBITDA multiple of 10.
To put the ad revenue in perspective, Google + Youtube alone generate over $ 250bn a year.

3 reasons why the share is doing badly:
1. Most UK based PIs know of the Bidstack story. Those that like it have already bought. Not many new buyers just tired sellers who have suffered losses on other shares they own this year. Also spreadbets are often used, which being leveraged ensure many PIs are unable to continue running a losing position.
2. Bidstack will (almost certainly) need to raise money. They can't allow their cash balance to get too low or they will be seen as a business risk to their partners - game studios etc. They will need to raise money in advance. Typically companies like a 12 to 18 month cash runway. So a cash raise will probably come soon. Remember cash coming in from Azerion may be delayed. Adverts are shown through Bidstack's tech. Advertisers then pay ( the Trade Desk or similar when programmatic who then pay) Azerion who then pay Bidstack. So Bidstack need working capital to pay the wages and bridge this, likely to be several month, time gap.
3. To raise cash, many companies even possibly including Bidstack, have to do 2 things. Convince potential insitutional investors of the merits of the company. Probably not difficult in Bidstack's case as the business seems to be doing well in terms of more games publishers, Azerion, IAB, etc. But importantly many companies raising money, and I have no idea if Bidstack is one of them, are also encouraged to offer individual allocations to city employees so as to increase the likelihood of a warm welcome for the shares post the capital raise. It may be that some of the negative posters on BBs are city employees seeking a good entry point i.e. a lower capital raise share price for their possible individual share allocation.

2 reasons why the share (post capital raise) might do well:
1. Bidstack has and is making considerable business progress. New game studios being signed up each week. Azerion. IAB. Most LSE readers know all this stuff.
2. Bidstack only has to win a very modest percentage of in game advertising to the 3 billion global gamers to increase in value anywhere between 10 to 100 times over the next 5 years.
I'm not qualified to give advice, but always sensible to make sure one's spreadbet account is adequately funded and fatigue doesn't make one sell a share for no other reason.
As ever just IMHO. Do your own research.

And me viable. Thanks for all your research.

I'm thinking 10,000 boed by end of year maybe possible depending on rig availability. 6 new wells at similar 1,000+ boed IP.
Then factor in some decline. Maybe too optimistic but maybe not.

A total guess but maybe Chariot will do a deal with Delek or other.
Say Chariot get 20% of an existing gas field. Cash flow $50m a year. 8 year field life.
Counterparty get 25% of Anchois development. Have to pay for 75% of field cost.

Good for Chariot. They get $50m a year to pay for their small share of Anchois capital costs, renewable projects, Rissana exploration, etc.
Good for counterparty. They get big reserves at a modest cost per boe.
Just speculating from the new presentation and talk of a new gas venture and its timing.
Wouldn't be bad for Chariot. No more fundraises needed. A profitable producer for the next 2 years before Anchois begins production.

SteamyWee

Your 15.20 FB post is brilliant.

I don't think you can crack SHA-256. At best advanced quantum computers may be able to run the 'guesses' so much faster than current conventional computers that it might look as if they can 'crack' it.
What you can do is try to ignore some of the SHA-256 algorithm. This will reduce your chance of guessing the correct answer at each guess attempt. But if it allows you to make individual guesses quicker then overall it could be worthwhile. So if you reduce the chance of any guess being correct by 20% but each guess can be made 30% quicker then you are net 10% faster.
Even that is only a small part of what QBT are trying to do.

Why would a genius work at QBT ?
Lots of reasons including :
1. As a small company, share options give a very direct share of the value uplift if QBT does well.
2. If a part time job at QBT, a cryptography academic researcher will enjoy more autonomy than at a large company.
3. Reputation management. Say you've come out of GCHQ and are known for your cyber security expertise. You could work at QBT 'invisibly' so not endangering your cyber security career. Have a look at Arqit Quantum to see how GCHQ people can reap the rewards. Arqit was a 'small' company prior to its IPO on Nasdaq last year.
4. May just know FG through academia and enjoy working with him.

Pedrobull,

With all respect you don't understand what QBT are trying to do.
Argo have bought a car for racing and have got their mechanics to fine tune the engine, oil it, and make sure the chassis is as aerodynamic as possible.
Anyone can try this. You can. Maybe Argo can do this at least as well as anyone.
QBT are currently mapping the race track. Where the turns are. Any inclines. Rain water on the track. They then use ML and AI to work out where to be on the track. Inside lane ? Outside lane on the track ? Fast on the straight but taking the corners slower ? Or maybe medium on the straight and taking the turns faster ?
A different approach. Will it work ? We should have some idea over the next few months. If it does, QBT will multi bag.
The quantum work is very interesting but really only theoretical at the moment, as FG points out quantum computers are not sufficiently advanced yet.
All IMHO.

I personally can't see a games company buying BIDS. It needs to be independent. If say EA bought it, what would Ubisoft think. Would Ubisoft or any other gaming company want to partner with BIDS.
An ad agency is possible but even then there are conflicts of interest. If say Alpha Agency has Coke as it's biggest client and then bought BIDS, would Pepsi want to go through BIDS through it's own ad agency. Would Coke be given priority through BIDS ads. Not sure. Maybe. Could be an issue.
My guess though would be Google. BIDS is the tech that connects gamers' 'eyeballs' to brands. Just like Google connects searchers' 'eyeballs' to brands. Or maybe Amazon now it has a search side.

If people are wondering about the sluggish share price, it's not the company. It's just supply and demand. At the moment PIs are just trading the shares between each other. Hence why it goes up 20% then comes down 20%.
It will be late this year before institutions are able to buy the shares. I know Herald are shareholders but it is about 1/1000 of their portfolio. My guess is Herald are using their current holding as a sort of tracer - it will help them keep an eye on the company for when they feel comfortable putting in larger amounts. Canaccord are HNWI managers so not really holding as an institutional fund I think.
IMHO it will only be at the end of the year, when hopefully Bids releases 2022 turnover - really H2 as 2022 is second half weighted - and insitutions can then start investing with some confidence. Yes they might have to pay more than the current price but they are happy to do that if the revenue story starts proving itself.
I'm a shareholder so no deramping. Just patience required and I think we will all do very well. Probably 2023 is when it 10 bags. Just IMHO.

Yes, looking good. Following the C$1.15 close.
Can 't help but wonder if Canada is starting to be in the know.
My best guess for official IP30 figures is this time next week. Well maybe in the afternoon when both Toronto and London markets are open.

Do you think we'll hear flow rates next week ?
The 19 April RNS said the 3 wells had been drilled and were due to begin completion. So maybe a few days to complete.
If they started testing just say on the 23rd, IP30 rates would not be due for a couple of weeks.
Or will they give initial flow rates for first 24 hours or 14 days or something ?

Thanks viable.

All makes sense. I like your x5. Still only a roughly £200m cap.

I'm thinking if Southern can do 10,000 boed at Henry Hub of $6 a mcf then they should be generating over $100m annualised cash flow. At only 2.5 times cash flow that would give x5 return. Maybe at 10,000 boed this time next year if the well strategy proves itself.

My mistake. I meant 1.5 tcf.