Member Info for DSFLAT

I may have sent FG the 2018 Intel Sha256 patent info:

https://news.bitcoin.com/intel-awarded-a-patent-for-an-energy-efficient-bitcoin-mining-process/

I bought in initially at 1.6p and continued to buy at higher prices.

I sold after one year of no updates on the patent application as I disclosed here at the time. I sent FG details of the Intel sha 256 patent and was surprised that he mentioned it in one of his fluffy inconsistent interviews.
https://www.intel.com/content/dam/www/public/us/en/documents/white-papers/sha-256-implementations-paper.pdf

I wanted to see advances on testing of the patent but FG stopped talking about it which raised a red flag for me.

FG also pumped this stock talking about seeing 1000 x faster speeds and higher which now is a measly 30% but not confirmed in any way at all.

FG already talking about selling to miners when there is no product is laughable imo.

I'm here because I feel FG has grossly mislead investors and I see nothing to suggest he will stop missleading investors in the future.

It's not about you investors making profit I'm still posting because I believe FG is dishonest.

With respect Addisonshare didn't know what the patent application was for two weeks ago ;-)

How about talking about cash position, burn rate and loses before you all raise a toast for a £30 MILLION MCAP based on nothing lol

jamrock,

Intel and Bitmain have recently delivered on speed and efficiency upgrades...

It seems unlikely they will stop implementing new faster and more efficient upgrades.

QBT are taking on the big guns with nothing more than a secret crypto guy (there are thousands of crypto specialists) a couple of old university teachers and a dozen students.

The odds are stacked against them and they may be lucky, however a valuation of £20 MILLION for a company that lets be honest doesn't provide anything other than hope RNS's is a bit on the strong side imo.

FG delivers his fluffy interviews from his bedroom, no institutional interest and historical massive losses speak volumes.

Hilarious valuation when you think about it (imo)

I'm not in here but if PW can deliver sensible numbers for December followed by quarterly results I feel investors can start to build a better picture of things.

Hive installing the first on their Intel machines last month would also suggest Argo will be getting their Intel rigs soon and if the Epic rigs (no idea what happened there) are still on order and somehow are better than anything else on the market I can see the sp recovering.

Just imo etc

£20 Mn MCAP

which to me is £20 Mn worth of nothing at all

But congratulations on the rise, beggars belief imo lol

£327Mn on the enquiry book in 2021 and £224Mn on the 2020 enquiry book...

With the recent ramp up green light given by the EU and obvious expansion plans for offshore in the US, China and across the world I don't think it's a big stretch to see many more contracts like today's land this year from historical enquiries...

New big name strategic investor will hopefully bring new contracts, contacts and funds to take Tekmar back to it's 170p sp from two years ago.

Popcorn ready for more news of contracts and investor :-)

Not many replies Scaramouche64.

Lost about £5Mn in 2021, not much cash at final results...

Not much of anything really when it comes to product or revenue, but hey who cares this share is all about the mutterings of a misleading CEO, oh and the name change added most of the value lol

Amazing when you consider QBT literally have nothing....

Well they say they may have something of value but it hasn't been proven, bench tested, or costed yet lol

£18Mn the world is crazy af

19 December 2022

The United Kingdom (UK) is re-engaging with the North Seas Energy Cooperation (NSEC). At a signing ceremony on Sunday evening, the UK has signed a Memorandum of Understanding (MoU) with NSEC members the European Commission to this effect. This will help make the North Sea the renewables powerhouse of Europe.

The North Sea will remain Europe’s renewable powerhouse. The last meeting of NSEC Energy Ministers in Dublin in September committed the 9 NSEC countries (as they were at the time) to 76 GW of offshore wind between them by 2030 and 260 GW by 2050 – most of it in the North Sea. Today more than 75% of Europe’s offshore wind turbines are located in the North Sea. New players such as Ireland, Spain, Portugal, Italy, Greece, Poland, the Baltic States are now entering the offshore wind game. But the North Sea will still host 80% of all installations over the next five years and will still make up 50% of Europe’s total offshore wind capacity by 2050.

https://windeurope.org/newsroom/press-releases/the-united-kingdom-re-engages-with-the-north-seas-energy-cooperation/

New contracts should come in closer to home but the expansion of offshore wind farms across the world plays into Tekmar's 'global' reach and presumably expansion plans.

By taking a look at some of the offshore wind news it is easy to see growth for TGP going forward (imo)
https://www.offshorewind.biz/news/

Interesting that Jackdaw Gas Project was mentioned in the Tekmar H1 2022 results (Adjacent offshore markets remain an important part of Tekmar’s strategy.)

September 23, 2022, by Nadja Skopljak
Shell has awarded TechnipFMC with an engineering, procurement, construction and installation (EPCI) contract for the Jackdaw development offshore the UK.
https://www.offshore-energy.biz/technipfmc-wins-epci-contract-for-shells-north-sea-gas-project/

The contract covers pipelay for a 30-kilometer tieback from the new Jackdaw platform to Shell’s Shearwater platform, as well as the delivery of an associated riser, spool pieces, subsea structures, and umbilical's.

According to TechnipFMC, the tieback will use pipe-in-pipe technology, which is designed for high-pressure, high-temperature use.

The company described the contract as “significant”, meaning it is between $75 million and $250 million.

From Twitter:
Subsea Innovation, a Tekmar Group company, has completed the design, build and delivery of twenty-nine Pipe-in-Pipe (PIP) Waterstops to Technip FMC for a subsea development project in the Gulf of Mexico.

Technip is traded on the NYSE with an MCAP of £5.5B a significant investment from someone like Technip, DEME or one of th many big companies TGP work with another big name in the sector would be very good news.

Popcorn anyone ;-)

I read that as new shares would be issued to the investor rather than an offer of funding that would require the company to become private.

sp was around 9p at the time but Dogger Bank C and todays £10Mn Middle East contract news since the update presumably would add weight and price to any offer from that party.

Wont have to wait too long to find out

RNS Number : 6881G
Tekmar Group PLC
17 November 2022

'Following a review of the proposals received, a preferred partner has been granted a 60 day-period of exclusivity to carry out further due diligence and finalise its proposal. The exclusivity period relates only to alternate debt or equity financing proposals and, for the avoidance of doubt, does not prevent an offer being made for the Company by a third party under the framework of the Company's formal sale process.

The proposal being considered represents a strategic investment from a global institutional investor in the energy sector, which would provide funding for the Company to follow an ambitious plan for growth, both organically and by acquisition.'

I make it 54 days since that update (my maths is always questionable tho ;) so not announced as consumated yet but we shouldn't have to wait long for news.

This time with the link to the Dogger Bank article and some other contract win articles in the US, Japan and China :
https://www.offshorewind.biz/2022/12/26/tekmar-completes-dogger-bank-trifecta/

https://www.offshorewind.biz/2022/05/25/tekmar-wins-cable-protection-contract-for-us-offshore-wind-project/

https://www.offshorewind.biz/2022/07/11/tekmar-gets-offshore-wind-order-from-japan/

https://www.offshorewind.biz/2022/07/27/tekmar-bags-cable-protection-contract-in-china/

December 26, 2022
DEME Offshore has picked Tekmar Group to supply Cable Protection Systems (CPS) for the third phase of Dogger Bank Wind Farm in the UK.

Under the contract signed with DEME Offshore, Tekmar will design, manufacture, and supply 172 CPS for Dogger Bank C.

The first systems for the project’s third phase are expected to be delivered in the third quarter of 2024, with production continuing into 2025.

This follows the existing contract with EPCI contractor DEME Offshore to supply 380 CPS to protect subsea inter-array cables on the first two phases of Dogger Bank Wind Farm.

Once completed, it will be the world’s largest wind farm, generating 3.6 GW of green energy, enough to power roughly six million homes a year.

Just a reminder of Dogger Bank contracts

https://www.offshorewind.biz/2022/10/13/offshore-wind-could-grow-56-fold-by-2050-contribute-to-green-hydrogen-production/

Offshore Wind is a growth sector plus Oil & Gas side of the business should help propel this higher (pun intended ;)

Offshore Wind project news and potential across that region:

https://www.offshorewind.biz/?s=middle+east

This was trading at 164p two years ago and the Offshore Wind Farm industry has ramped up new wind farm rollouts in recent months.

Oil & Gas side of business could also see growth (imo)

250p not unachievable (not today tho)

RNS 2 contracts worth £10m ahead of potential 'global energy investor news which could land this week.

Steven Howlett, Managing Director of Pipeshield, said: "The contracts help consolidate our position in the Middle East and create a basis for further regional expansion supporting our growth strategy. I congratulate the team on securing these projects, which are a testament to our subsea engineering and project management expertise, as well as our local manufacturing and supply chain capability".

Dave Thompson, Managing Director of Subsea Innovation, said: "We are pleased that Subsea Innovation has been awarded this significant contract for bespoke mission equipment. This contract award further strengthens our position as a leader in the sector and supports the continued growth of our business. We are excited to work on this project and deliver exceptional results for our client."

Very nice to see these contracts come in today

Addresses with Balance > 1 BTC

Nearly 1 mn addresses with more than 1 BTC and the trend line is UP all the way.
https://www.lookintobitcoin.com/charts/wallets-greater-than-1-btc/

I'd suggest that the big ii's like Bank Of Amercia, Blackrock etc will want very large holding just in case it does go where some think it will, even Tim Cook (Apple) recently said BTC has a place in his portfolio....

Could be they have been buying up BTC at basically cost to produce and we will see disclosures soon that will propel BTC price.

Seems inevitable :-)