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Evening all
Well, funding was expected as the company had zero funds; it was surviving on a 1.5 million loan just to pay administration and salaries. After the information provided in the EL granted RNS this fundraise should not be a shock to anyone.
A 36% discount on yesterdays close is steep but I expect Mike Buck did it this low to ensure it was fully subscribed.
I will not be using primary bid myself due to not being able to use an ISA as JAdam has already said, however, should the price SP fall back to under the 3.5 offer price (which usually happens) then I will be looking to get in for the same amount of shares I exited with last week.
Another long winter ahead but good gains to be had next year for the patient.
IMHO/DYOR
Afternoon all
Overall a great day for Matad and for Mike Buck in getting the EL issued, a lot of hard work and patience has been rewarded.
However, it seems there is now going to be another long wait before the start of drilling and pumping plus the probability of further fundraising which I personally felt was going to hold any significant rise back and cause the SP to slide as the week's pass. Based on this I took the calculated decision to sell my entire holding this morning with a view to potentially repurchasing at a lower SP if the opportunity arises at a later date.
I fully believe in Matad and have been a holder for years but having loaded up heavily with shares with an average under 3p I am happy with the 200% profit, should I be wrong and news comes quick and fast with the SP storming ahead then I am still content with the money banked today.
Good luck to you all
I was invested here a little while ago, sold out after the last interview FG did as it was clear (to me) actual mining was not his priority for this company.
Saw the RNS alert on my watch list so popped in to have a look on hoping it would be good news for you guys but sadly not.
FG as wasted the interest and hype that the company had going for it and delivered nothing. QBT basically has no more chance of crypto mining than any other company starting out from scratch; in fact, the company is paying maintenance charges on an obsolete data center that is basically worthless.
This company really could have been a crypto success story if it had been managed differently but at this point, I am not seeing a lot to look forward to other than court cases and would not be looking to invest at the current share price or lower.
Above just my thoughts, I could be very wrong. IMHO/DYOR
Well, that was one hell of a disappointing interview on many levels.
Poor questions and even worse answers, the interviewer did not even ask a question about if the company still has plans for actual mining, makes one wonder if she had been told not to ask those questions.
I have been bullish on CLP/QBT because I could see the potential for a new company starting small with a focus on crypto mining but after that interview, I just do not see it now so I sold up at 2.2 while I could still show a profit and am moving on.
Good luck to all holders, I hope it comes good for you.
JS is out for now, will not see him again now until we hit 4.5/5 at which point it will look to take up his options.
I personally do not think there is any large selling pressure on the SP at the moment, this share just moves quickly up or down on little volume.
Despite yesterday SP drop (due mainly to short term traders), I was pleased to see that I could sell in 1 million blocks at any time so there is clearly demand for the shares out there or the MM’s are happy to hold them for a short while until we start to get news and the SP moves up.
IMHO/DYOR
I'm in Argo and it's a great well-run company with a huge future, however, Argo has had its multi multi bag day, and further growth is going to be on a much lower scale.
If you are looking for companies that will give 5, 10, or more bags then you have to get in early when there is more risk, QBT without doubt has risk but if the management does it right this company with its new focus has HUGE potential.
IMHO/DYOR
Good morning all
Nice steady start this morning. L2 currently showing support at the 2.4 range. Only one MM left at 2.5 then its 2.7 and one MM on 3.0
It’s not going to taking much buying pressure to move this up quickly.
IMHO/DYOR
Persoanlly I’m pleased there was no RNS update this morning, it would have had a lesser impact with the disruption that can happen on the day a company changes its name.
Next week should be the week we start to get some real information as to what’s being planned in the background and of course we are now getting closer to the court date again.
Exciting times ahead.
IMHO/DYOR
See you guys over at ticker QBT then.
No doubt this temporary lack of price information will scare a few to sell, MM happy to buy a million from me so they are happy to take them at this price.
Currently 2.55 to buy
Only one MM left at 2.3 before a move up. one MM now at 2.9, think they know which way this is going?
Was a bonus the MM’s dropping the price on open this morning, was a little difficult to purchase anything more than 250K shares under 2.10.
Can currently sell in 1 million share blocks easy enough, MM’s must have demand for them.
Looks like it’s going to be a good week,
IMHO/DYOR
A lot of people either took their position or averaged down at 2p a couple of days ago.
We are not going to get the traders jump in on a Friday before a long bank holiday weekend.
That being said the current SP is a bargain for anyone with a little patience (few weeks) as the SP is not going to be at 2p for long once we have officially changed name.
All the good stuff is going to happen after the name change, if Clear leisure reported they had just bought some mining rigs I doubt it would get picked up and reported on by the likes of Coindesk but if Quantum Blockchain were to RNS that they had placed an order for a load of new mining rigs, well...That is news!
The above just my thoughts IMHO/DYOR
Good to see there is more trade volume so far today with a higher percentage of buying.
Are people starting to take early positions for the big month of May to come.
@Wronin
Well if you want to be accurate about GKP the price that you are referring to is the adjusted post share consolation price, the share consolidation happened in December 2016. The share price never traded live at that level.
GKP peaked at approx £4.60 and then went all the way back down to single pennies over the next couple of years, the shares were then massively consolidated, historical charts will now show the adjusted price for the consolidation.
Sorry to the board for the cross chat.
With the daily rises, we are getting noticed and mentioned by the chartists for their podcasts now like Zak Mir.
The higher the SP gets the higher the chartists say the charts show we will go, their positive charts and follows will bring in even more buyers which in turn helps raise the SP which in turn raises the chart projection and so on.
There will be profit taking along the way as people hit their comfort zone but there is little to stop this rise now until we reach a fair value and we are still quite some way from that.
IMHO/DYOR
Good to see how well the share price held up after a few sellers took profits, nothing wrong in taking a profit you are happy with but pleasing to see the majority of Long term holders and new buyers from the Last couple of days are holding for the much bigger gains to come.
The excitement grows daily for what has to be the most undervalued oiler out there.
IMHO/DYOR
Morning all
Was definitely an interesting day yesterday watching those large trades get reported.
I took to opportunity to get back in at what I consider to the low and the L2 data today is much clearer.
Looking like a strong move up is due, not all going to happen in a single day but should be a good uplift from current level.
IMHO/DYOR