George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
What a shambles this company has turned out to be. Total rip/write off. Gotta say the worst investment I have and can’t see anyway back. Time to move on and accept the loss. Well done Zomer
18 January 2023
Quantum Blockchain Technologies Plc
( "QBT" or "the Company")
Altcoins Opportunities
Quantum Blockchain Technologies (AIM: QBT), a developer of crypto mining
software and hardware aiming to increase efficiencies in the mining of Bitcoin
("BTC"), is pleased to announce that it has made the strategic decision to
apply its SHA-256 based optimisations to other cryptocurrencies within the
Bitcoin "family".
While the main focus of QBT's Research & Development (R&D) teams will remain on
developing the fastest and most energy efficient BTC mining products, the board
believes it makes commercial sense to offer the same potential increase in
efficiencies to miners of the two BTC 'hard forks', namely, Bitcoin Cash
("BCH") and Bitcoin SV ("BSV") which it has determined is possible without any
additional monetary or opportunity cost or time diversion from the Company's
current R&D endeavours.
The main difference among the above currencies is the number of transactions
per block processed. While BTC sees an average processed transaction per second
("tps") of around 4, BCH is usually around 100 tps and BSV can reach 50,000
tps.
The board thereby believes that also for BCH and BSV miners, the attractiveness
of QBT's products will be the increased probability of mining a block with
their use. In the Company's view this offering would open the market for BCH
and BSV to a far wider audience.
The remaining amount of BCH and BSV still available to be mined is
approximately the same as BTC, i.e., 1.7 million coins for each currency (out
of the total maximum supply of 21 million coins each). The current market price
of BTC is USD 21,170[1]1, compared to the current market prices for BCH and BSV
of USD 122.91 and USD 44.71 respectively. Despite the price differential, the
Company has calculated that there is still a market value of approximately USD
2901 million for these two currencies, which the board believes makes this
strategy attractive for the Company.
Finally, the mining difficulty levels for BCH and BSV are slightly lower in
degree than for BTC, which makes their mining far less capital intensive and
therefore potentially as rewarding.
Francesco Gardin, CEO and Chairman commented: "Our main target is and will
remain to develop BTC miners. However, the same R&D results can be applied to
BCH and BSV, just by re-training our Machine Learning methods A and B (see
announcement dated 15 November 2022), which we believe is a straight forward
process. We are confident that our SHA-256 optimisations and the quantum
version of SHA-256 will work for mining BCH and BSV with no change, due to
SHA-256 being the core mine algorithm for both. Any additional opportunities
for our proprietary mining technology are always welcome as it has the
potential to enhance shareholder value."
This announcement contains insid
As a result of MGC Pharmaceuticals ('MGC Pharma' or 'the Company') deepening presence within the pharmaceutical sector, the Company has temporarily deactivated their website and social media profiles to complete required upgrades and re-branding. This will facilitate them to unveil their global vision across all platforms simultaneously and without ambiguity
Once the upgrades are completed, this will ensure that the Company is fully compliant with the Therapeutic Goods Administration (TGA), European Medicines Agency (EMA) and Food and Drugs Administration (FDA) regulations.
The Company will make a further announcement when the website and social media pages are live again.
Very Odd all social media/ websites & LinkedIn no longer available?? Have we all been duped. Bloody hope not!!
ASX: OEX / AIM: OEX
Cambay India Production and C-77H Re-frac Update
Oilex Limited (Oilex or the Company) is pleased to provide the following update to its operations in India and in particular, with respect to the Cambay field.
Subsequent to the receipt of the Consent to Operate from the Gujarat Pollution Control Board, production has re-commenced on the Cambay field together with gas sales.
Oilex's Chief Executive Officer, Roland Wessel, said:
"The re-establishment of production from the Cambay gasfield has occurred soon after the Indian government announced that the price of domestic gas would more than double from $2.9 per mmbtu to $6.1 per mmbtu. This will provide a material benefit to Oilex's cash flow."
Announcement
4 April 2022
ASX: OEX / AIM: OEX
Cambay India Production Further Update
Oilex Limited (Oilex or the Company) is pleased to provide the following update to its operations in India and in particular, with respect to the Cambay field.
Oilex has been informed by the Gujarat Pollution Control Board ("GPCB") that they have confirmed the revocation of the production halt concerning the Company's Cambay field and have authorised the use of the Early Gas Production Facility ("EGPF") on the Cambay C-73 wellsite. GPCB's personnel will visit the C-73 wellsite to remove the production flange seal in the coming days.
Oilex's Chief Executive Officer, Roland Wessel, said:
"Subject to the early removal of the production flange seal by GPCB personnel, production will re-commence immediately thereafter. The resumption of gas production and re-establishment of cashflow is an important milestone for Oilex's Indian operations, and we look forward to contributing to India's indigenous gas supplies."
For and on behalf of Oilex Ltd
Roland Wessel
Managing Director
March 2022
Premier African Minerals Limited
Completion of Zulu Lithium DFS Funding
Premier African Minerals Limited ("Premier" or the "Company"), is pleased to confirm the completion of the Subscription Agreement by Suzhou TA&A Ultra Clean Technology Co., Ltd., ("Suzhou TA&A") to raise £12 million before expenses at an issue price of 0.4 pence per new ordinary share for the ongoing Definitive Feasibility Study ("DFS") at Premier's Zulu Lithium and Tantalum Project ("Zulu") (the "Subscription") as announced on 8 March 2022.
George Roach, CEO commented, "I reiterate my welcome to our new shareholders and to Dr Lou Wei, and express my appreciation for the confidence in Premier and Zulu. Premier has already taken steps to expedite issues associated with resource definition needed to complete mine optimisation and test work and we will continue to accelerate all aspects of the DFS underway."
Proposed Board Appointment
As previously announced, on completion of the Subscription, Suzhou TA&A has the right to appoint one director to serve on the boards of Premier, Zulu Lithium Mauritius Limited, and Zulu Lithium Private limited. Dr Luo Wei has therefore been invited to join the boards of Premier, Zulu and Zulu Lithium Mauritius Limited (collectively the "Companies"), subject to the satisfactory completion of standard regulatory checks in compliance with the AIM Rules which are currently underway, and which we anticipate being completed shortly.
In the interim, Dr Luo Wei will have observer rights of the day-to-day operations of the Companies, including without limitation, access to any information on Zulu.
Dr Luo Wei is a geologist with 23 years of experience who has worked in senior engineer positions for the past 12 years in a variety of locations. He has experience in the discovery and exploration of precious, nonferrous and base metal mineral resources internationally, including the DRC, Republic of Congo, Nigeria, ****stan, South-East Asia and China. Dr Luo has a PhD. in Geology from the Central South University of Changsha, China and is a member of the Chinese Geological Society.
Admission
Application has been made for the 3,000,000,000 Subscription Shares be admitted to trading on AIM and admission is expected to take place on 30 March 2022.
https://twitter.com/richarddugdale3/status/1505097506505609219?s=21
Article translated
Polymetal bought out a share in the Novopetrovskoye polymetallic project from Rosgeologia
Interfax
March 18, 2022
Moscow. March 18. INTERFAX.RU - Moscow. March 18. INTERFAX - Polymetal bought 25% from Rosgeology in the Novopetrovskoye polymetallic field in Bashkiria and consolidated the project, according to the data of the SPARK-Interfax analytical system.
Polymetal confirmed the deal. Its amount is not disclosed. Polymetal bought a 75% of the 75% in 2020 for about $7 million, and invested another $8 million in geological exploration of the field.
Rosgeology also confirmed the fact of withdrawal from the joint venture, noting "the successful work of the enterprise, which has achieved positive results in geological exploration."
Polymetal had an option to buy out Rosgeology's share in Novopetrovsky on the basis of an assessment of reserves, but the company decided to fulfill it earlier - at the beginning of the year only the resources of the field were announced, and the initial assessment of reserves is expected in 2023.
ADVERTISING
Novopetrovsky's resources are estimated at 2.4 million ounces of conditional gold - 9.2 million tons of ore with an average content of 8 g/t. Structure of recoverable value: copper - 37%, gold - 35%, zinc - 23%, silver - 6%.
Novopetrovskoye perfectly meets the criteria of Polymetal's long-term strategy, said earlier the head of the company Vitaly Nesis: it has high content, has significant growth potential, and more than doubles the share of copper in the Polymetal resource base.
During 2020-2021, Rosgeologiya concluded a number of so-called junior joint ventures with large subsoil users, including Polymetal, Polyus, Seligdar, USM and so on. The sale of a share in Novopetrovsky is the first way out of such an investment for Rosgeology.
Polymetal is Russia's largest silver producer and one of the leading gold miners. The holding's enterprises are located in Magadan and Sverdlovsk regions, Khabarovsk Krai, Yakutia, Chukotka and Kazakhstan. The largest shareholders are the IST Group of Alexander Nesis and partners (about 24%) and BlackRock funds (about 10%).
Let’s hope and pray that this announcement comes to fruition soon
https://www.reuters.com/world/europe/russian-delegate-says-talks-with-ukraine-may-soon-produce-draft-agreements-2022-03-13/
Not a poster a lot on here but obviously invested, but fingers crossed this happens fir the sake of the Ukrainian people
https://news.sky.com/story/ukraine-and-russia-set-to-hold-negotiations-at-belarusian-ukrainian-border-says-office-of-president-zelenskyy-12553294
One year ago this week, we became the first medical cannabis company to list on the London Stock Exchange ??
We are proud to be leading the plant-based medicine agenda in the UK and Europe, as well as breaking new ground in countries that do not have cannabinoid derived medicine protocols.
A year on, our pipeline, as well as our confidence, has grown significantly. Look out for more updates from MGC Pharma in 2022.
The last paragraph looks promising with updates forthcoming