Member Info for forfaiter

Hexam......as the share sits at all time lows....

Hexam......as the share sits at all time lows....

"Quantum Blockchain Technologies' (QBT) subsidiary, BlocKeeper, needs the Bitcoin (BTC) price to remain above roughly $70,000 to achieve the mining break-even required to successfully commercialise its "virtual mining" model.The virtual mining model involves purchasing hashing power rather than investing directly in physical mining rigs and energy procurement.

BlocKeeper's strategy is heavily reliant on quantitative financial models that predict and profit from hash rate relative to market volatility. Because they act as a capital-light entity that acquires pre-existing hash power, their profitability scales dynamically depending on how cheaply they can secure hash rates compared to the spot price of BTC.

Not looking good for the flotation of blockeeper......

google:

"Quantum Blockchain Technologies' (QBT) subsidiary, BlocKeeper, needs the Bitcoin (BTC) price to remain above roughly $70,000 to achieve the mining break-even and success required to commercialise its "virtual mining" model."

Google:

For Premier African Minerals, once saleable Spodumene Concentrate (SC6) is consistently produced and shipped, the timeline to see revenue in the bank is generally 30 to 90 days.Because the Zulu Lithium project in Zimbabwe is working through commissioning and optimisation, actual cash flow depends heavily on the following factors:

Prepayment Liquidation: Premier has a massive outstanding prepayment facility with Canmax Technologies. The first 50,000 tonnes of SC6 shipped go directly toward liquidating this pre-payment.

Payment Terms & Offtake: Standard industry contracts for shipped mineral concentrates are generally settled via Letter of Credit, with final invoice settlement occurring 30 to 90 days after the bill of lading or port arrival.

Export Regulations: Zimbabwe requires approval from the Minerals Marketing Corporation of Zimbabwe (MMCZ) and has tightened concentrate export guidelines, which can also influence processing and export timelines.

Google:

Xinhai Mining Technology (and its subsidiary Hongkong Xinhai Mining Services) is a major player in SC6 (spodumene concentrate grade 6%) investments and developments, particularly in Zimbabwe. They specialize in building and commissioning large-scale lithium beneficiation processing plants.Notable Xinhai SC6 investments and involvements include:Zulu Lithium and Tantalum Project: Xinhai supplied, installed, and commissioned the new spodumene flotation plant at the Zulu mine in Zimbabwe. Xinhai even provided a process performance guarantee to ensure the plant successfully targets the production of saleable SC6 concentrate.

Corporate Backing: They are financially and metallurgically backing other regional miners, such as Ariana Resources, where Xinhai provided A$8 million to progress metallurgical work and the Definitive Feasibility Study for gold and critical mineral deposits in Zimbabwe.P

Proven Track Record: Xinhai is considered an industry leader in engineering and design, with a history of completing feasibility, design, and construction for multi-million-tonne-per-annum lithium processing facilities in the region.

MC of 8m?......you have to factor in the fact that prem owe canmax $46m which has to be paid back and also has total debts of $60m.......not exactly small change especially if it is converted into shares at the end of the month as per the long stop agreement.....

If Premier African Minerals (AIM: PREM) fails to pay or refinance the outstanding Canmax prepayment facility (approximately $34.6 M plus accrued interest) by the extended 30 June 2026 longstop date, Canmax has the contractual right to enforce its full rights under the amended Offtake and Prepayment Agreement.Because the repayment amount runs into the tens of millions of dollars and PREM shares are trading as low as the 0.01 p to 0.03 p range, any forced conversion of the total debt (exceeding $35 M) would require the issuance of tens of billions of new shares.The precise number of shares that would need to be issued fluctuates daily based on several variables:

Total Accrued Interest: Interest has been compounding since the advance, changing the exact principal owed.Conversion / Issue Price: While recent interest conversions have been completed at fixed issue prices ranging between 0.012 p and 0.02 p per share, a full debt-to-equity conversion would require mutual agreement on the share price or strict application of the contractual conversion formula.Currency Exchange Rate: The debt is denominated in USD, while PREM trades in GBP on the AIM market, making the final issuance dependent on the \(\frac{\text{GBP}}{\text{USD}}\) rate at the time of conversion.For example, based on recent conversion pricing, issuing shares to clear a $35 M debt at an issue price of 0.015p could mathematically result in the issue of over 180 billion new shares (depending on exchange rates and outstanding interest). If a higher fixed conversion price is applied, fewer shares would be required, but it would still lead to extreme shareholder dilution

Looks like GH keeps his job whatever the outcome.......

According to google:

Key Components of the Security PackageFixed Charge Over Shares:

Canmax holds a fixed legal charge specifically over the shares of the Zulu Lithium subsidiary. This ringfences the project assets without tying up the parent company’s external operations.

Direct Equity Interest Conversion: If prepayment and accrued interest are not settled via product delivery, Canmax has the right to convert its debt into a direct interest in the Zulu Project valued at $100 million.

Equity Share Alternative: Alternatively, Canmax can opt to settle the exposure by receiving new Premier African Minerals shares based on a 20-day volume-weighted average price (VWAP).

Leadership and Preservation Covenants: Under extended standstill agreements, the package dictates that the project's current leadership teams must remain in place. The overall value and operational integrity of the security package must be preserved; any breach allows Canmax to immediately invoke enforcement right

If prem default on the long stop date and canmax take over zulu........what will happen to GH.........will he stay or go ?

At least they do not need an export licence anytime soon......

Phimx...just admit your running a short position or you are a paid deramper.....and put mdj out of his misery........

Google:

Quantum Blockchain Technologies’ subsidiary BlocKeeper requires Bitcoin to remain above approximately $70,000 to achieve mining break-even and success. Because its "virtual mining" model purchases existing hashing power rather than building infrastructure, profitability relies on securing hash rates from third-party miners at rates lower than the revenue generated.BlocKeeper's success depends on several shifting factors:

Break-even Threshold: Industry-wide, most Bitcoin mining operations face shrinking margins when BTC drops below the roughly $70,000 mark.

Acquisition Pricing: BlocKeeper must secure hashing power selectively to ensure its deployment yields a profit margin.AI Integration: Over time, the subsidiary plans to utilize QBT’s proprietary AI-driven software to improve the hashing performance of its mining partners, increasing their overall efficiency.

Google:

A falling Bitcoin price directly impacts the commercial viability of BlocKeeper's "virtual mining" model, which could complicate or delay its proposed flotation on the Aquis Stock Exchange (AQSE) Growth Market.

The success and valuation of Quantum Blockchain Technologies (QBT) and its subsidiary BlocKeeper are highly sensitive to crypto trends, specifically:

Economic Feasibility: BlocKeeper’s business model relies on selectively buying hashing power from established miners. If Bitcoin's value drops, the profit margins for mining shrink, making it harder for BlocKeeper to secure hashing power at rates that generate a profit.Market Appetite: A prolonged bear market or falling prices typically reduce investor appetite for crypto-adjacent IPOs, making it difficult to raise capital and achieve a high valuation for the flotation.

Listing Uncertainty: While QBT announced intentions to float BlocKeeper, QBT has noted that there is no certainty the proposed admission to the AQSE will happen.

Good post Acker.......its that gap until revenue actually kicks in .....is what worried me enough to sell .....and now wait on the sidelines until the company makes its next move in raising funds to fill that gap......

AI Overview

QBT (Quantum Blockchain Technologies) does not own the facility. Instead, they operate an R&D laboratory located inside the Computer Science Department at the University of Milan, which they use to develop their proprietary artificial intelligence and quantum computing methods for Bitcoin mining.This arrangement operates as an industry-academic research partnership.

The setup functions as follows:

Ownership: The physical infrastructure and building belong to the University of Milan.Operations: QBT manages and operates the specific lab space, having even installed commercial Bitcoin mining rigs on-site to test their AI software and algorithms.

Research Team: QBT directly employs the specialized researchers and software engineers (often linked to the university) to carry out their targeted R&D projects.

Say they get the plant up and running and it takes worst case scenario a 100 b shares to do it.........and the market cap returns to £250m on successful production........then the share price will be between 0.2 and 0.25p which is still a ten bagger from these low levels......pretty good odds by my calculation

Yeah ....I had .3570 about 3pm....

I put in a dummy buy and was quoted under the mid price......giving the stock away.......even with supposed good news on the way......smokes and mirrors......