Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Of all the brokers I have used HL are at the bottom end. I too could not get a quote for this stock but the issue with HL (& some others brokers) is that even when the quantity you want to buy is within market size it still shows NT yet if you place a limit buy chances are it will most probably get executed provided your buy price is at the buy quoted price or higher. At least this is what I have experienced.
SuperSonicBoom.
Please can you explain to us all why you feel the need to post so negatively on this stock? What do you as an individual hope to gain or achieve from being the way you are? At least if people know your objective on this stock then they can get a better understanding (and maybe appreciate) why you post the way you do.
I have been reading the messages from Addison, Suthy, 600 (with mush interest I would add) and the like and have a sizeable holding currently.
I have been reviewing the last RNS back in May 2022 and it is the piece below I found most interesting:-
"Work on the Quantum version of the SHA-256 algorithm is ongoing, and it is expected that a patent application will be filed once the Company achieves theoretical confirmation. Importantly, the Company has been performing simulations on an extremely scaled down simulated Quantum version of the SHA256 algorithm, which have produced exact results (instead of approximate results which are more typical with this type of computation) for the first time – a milestone achievement for QBT.
During the next two months, the Company is aiming to get theoretical evidence of whether the number of Qubits available on the next generation of commercial quantum computers (expected to be released into the market in 2023), will be enough to sustain the Company’s full SHA-256 computation."
QBT say 'milestone achievement' and they say exact results aswell. This is encouraging for me.
I think we do not have news yet as they are still testing/experimenting on SHA-256 - probably to tweak it to the maximum efficiency possible using all available avenues. Obviously, I don't know but if they are trying to get the SHA-256 to be 'best possible' in terms of speed/energy consumption then its going to take some time. Clearly, I am disappointed like many where the SP is but I have to also think that patience (and a lot of it!) is going to be needed at least into 2023. Long time I know but I guess that they are trying to work out or even make each of the Methods (A+B) on a par with each other. This is at a guess I would add.
Hopefully we will get news before October 2022 (about how things are progressing) but who knows. I feel the company will only want to release news once everything has been ticked off, tested properly and improvements made where needed. All IMO only.
No news is a little concerning.
I emailed the company using the info address but got zero response. Make of that as you will but a response would have been better (even if they said that they could not say anything).
The PR therefore is no good IMO however I am holding for further news.
No news for nearly 2 months in terms of drilling etc. I would have expected that further results would have been received by now and communicated? The last communication was back in October 2021 going by the RNS.
Thoughts anyone?
Mickey1122
Just listened to Podcast. I also liked the tone on Bhukia - more importantly to the effect that it is 'work in progress' so to speak and there are things happening in the background. I also liked the snippet 'it is one he intends to win'.
The other thing which also interested me was the initial resource at Labola but that the company is looking at 1m+ oz . They still have lots of drilling to do which obviously takes time - understandably so.
Looking forward to further news on Bassala & Kalaka.
GLA
You said it was "not commercially viable" not that it was not working! They are two different things. I even quoted what you said in my previous post. Your words not mine.
I asked you for numbers to back up the "not commercially viable'" comment and you have none. Just accept the fact.
"Nothing has come out of the mine for several years as it was deemed not commercially viable"
Do you think the deal should not go through then?
Do you know the grades of Au etc from this mine historically at all that you could share please?
Correction
Here is the part from the last RNS
Application will be made to the FCA and the London Stock Exchange plc ("LSE"), respectively, for that number of new ordinary shares in IMC ("New Ordinary Shares") that will equate to 51% of the issued shares in IMC following the Acquisition to be allotted and issued by IMC to the Seller as the initial consideration pursuant to the Acquisition (the “Initial Consideration Shares”) to be admitted to the standard segment of the Official List maintained by the FCA ("Official List") and to trading on the LSE’s Main Market for listed securities ("Main Market") (together, the “Admission”) on completion of the Acquisition.