Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Volumes were lowish today until close, then 42,708,313 traded at £1.156 in UT at close:
Close UT Trade value £49,370,809
Total on Exchange trade value for today £53,747,030
Rest of the day trade value £4,376,220
"Savers will be pushed to invest in shakeup of Isa regime"
https://www.msn.com/en-gb/money/other/savers-will-be-pushed-to-invest-in-shakeup-of-isa-regime/ar-AA1g2GWR?cvid=2fb2ced6686c4707bd17be75db739c21&ocid=winp2fptaskbarhover&ei=10
Mole_man, clearly Vodafone wont grow revenue much from here, they need to focus on debt and capex reduction in my opinion.
Capex is clearly the largest deduction from EBITDA and the largest reducer to Free Cash Flow, followed by Spectrum and Licences in FY23, but that may reduce in years to come. On a yearly basis Interest received and paid is another significant reducer, around €1.1 Billion per year currently ; Dividends are separated from Free Cash Flow and accounted for as a deduction in the Net Debt calculation.
The Vodafone UK/Three merger, should it be approved, will initially impact the Revenue and Net Debt figures, and if I'm reading it correctly Vodafone will eventually take full ownership by allocating new Vodafone shares to Three's owners.
Vodafone is quite a complicated beast, maybe a thread should be dedicated to the Financials so they can be discussed properly? There may be a few accountants who read these threads, I'd be interested to read an opinion from someone who actually knows what they're talking about, I'm not an accountant so I don't include myself in that.
That might be the roadmap, but the map lacks detail. Developing a product in the lab doesn't necessarily transpose into something that's commercially viable. Lab testing on a few mining rigs, using test data as opposed to live data, doesn't mean the product will work with big miners processing data at Exahash per second rates.
This is where things stand up to Tuesday, tomorrows figures should be updated later today:
https://docs.google.com/spreadsheets/d/e/2PACX-1vS4gJMsDAQq9sJ_zHqi_JnoVTryAdb4X64c7Clw12E2sGT3N6dTJfB60O8bc5Ns4burXvSSCVFrLvWC/pubchart?oid=457705223&format=interactive
https://docs.google.com/spreadsheets/d/e/2PACX-1vS4gJMsDAQq9sJ_zHqi_JnoVTryAdb4X64c7Clw12E2sGT3N6dTJfB60O8bc5Ns4burXvSSCVFrLvWC/pubchart?oid=1824278197&format=interactive
"and start to tell lies about my trade or position in others companies"
I haven't lied about anything. You've stated you hold 8.5 Million QBT shares, so even if your average was just 1.2p that'd take you up to at least £102,000, but I suspect your average is somewhat higher than that. As far as Jangada's concerned, their annual report states they haven't made any revenue this year and they've posted an operational loss.
Bobcat, it's mentioned on here:
https://www.voxmarkets.co.uk/articles/quantum-blockchain-funds-raised-continues-the-development-of-our-cutting-edge-proprietary-technologies-f6ccf6b
Skip forward to around 2:15 and listen from there.
"So it seems no one knows where this quote that was posted this morning is or if it even exists? "
I seem to remember him mentioning it in one his Proactive or Vox advertising/pump interviews, I'll see if I can find it.
Never heard of Jangada mines but took a quick look, it looks like a seriously risky investment to me. It's assets aren't producing revenue and it's showing an operating loss. It isn't something I'd invest in anyway, but I always think about Sirius Minerals having the rug pulled on financing with retail investors suffering losses, and that was in this country. These sort of investments are way out of my risk zone, as is any AIM investment to be honest. Obelix must be extremely rich to lay down such large risky bets, since he must have in excess of £100,000 in QBT and is stating he has a far larger stake in Jangada Mines.
I have to say, even though Mandy's Fishing Tackle tale is a complete fabrication, it made me laugh this morning when I first read it; I've just read it again and still find it funny. I'd say it's the first post in months that's worthy of recognition, so it get's a recommend from me for the comedic value.
Https://www.cnbc.com/2023/08/29/first-bitcoin-etf-could-be-coming-soon-as-court-rules-in-favor-of-grayscale-over-sec.html
It wont make any difference in the long run.
"Are QBT not designing the chip though? If that is right than are you saying they could sell the design for £300m?"
It isn't just a case of designing the chip, there are other costs like Tapeout, which is estimated to be between $40 to $50 Million dollars for a 5nm chip.
https://www.granitefirm.com/blog/us/2023/04/29/cost-of-chip-foundry/
The chip design is probably the cheaper part of the process, it's building the prototype that really costs befor moving onto commercial production.
"The smart money, huge sell:"
It was neither a buy or a sell, it was an off book trade. Buys and sells are determined on exchange, dependent on the traded price in relation to the Bid/Ask spread. Carltt, stop putting your own incorrect spin on things.
"I would rather a reactive board pushing boundaries a new chips like this."
They don't have much choice, they have to refer to the latest nm chip architectures due to the power/overclocking/heat advantages as the technology advances. The smaller the nm scale the more expensive it is to develop and fabricate the chip, I don't see how 4nm is something QBT could finance out of their own pocket. The latest generation of mining rigs in readiness for next years halving are already being marketed and looked at by the big miners, so I think it's highly unlikely QBT's design will make it onto chips for years, especially since it has only just submitted a patent application. If QBT's designs and algorithm's live up to the hype, they'll need a significant partner with deep pockets or a buyout, in my opinion.
mandy,
https://tenor.com/en-gb/view/are-you-*******-high-chief-crawford-bullet-paradise-pd-paradisis-gif-21060024
"Hey lil Rod, don’t forget DT cannot make an offer lower than the maximum amount they have already paid"
Only over the last 12 months, their original 12% holding is irrelevant. It would have to be a hostile takeover so they'd have to accumulate over 50% of the stock and then make an offer; They then have to secure over 90% of the stock in order to squeeze out any hangers on.
"the offer must be in cash (or include a cash alternative) at not less than the highest price paid by the bidder during the offer period or during the offer period and the preceding 12 months (as appropriate)."
I'm certain a hostile takeover isn't feasible and is unlikely to be attempted.
Enoch's turning in his grave:
https://www.youtube.com/watch?v=5WjDzHfQ3yI