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The fact there is no interview, the fact there is no huge amount of publicity leads me to think qbt already have customers lined up.
You launch a product you make a big deal about it, make it known so you can sell it. Unless … everyone already knows about it and you don’t need to market it ;)
Go_ly_down … 2p is not happening any time soon
SHG is chucking out 100,000oz of gold a year (4 times the target here after expansion), at a lower AISC. With next to no debt.
SHG MCAP = £100mill-ish … for 4 times the gold production (that GCAT hope to hit after expansion, and at lower cost).
So based on how the market values SHG’s stinking production - GCAT will not hit £40mill (2p) anytime soon sorry - even if it gets to 24,000oz per annum.
Joe80 - I agree (if drilling deeper rather than just slower) … motivation behind it could be either scenario. Bugger pay one or desperation to hit pay.
But … there is a second drill which they need to get on with so….
‘we were 4p intraday when there was no product just a vision.
Now we have a product and more to come including a deal! ( Fg hinted this is next.. watch the last interview on proactive !)’
Exactly - which is why I’d be thinking of taking profit at 4p minimum; though any deal and 4p will be dust….
Hi trek - yeah I understand and I agree it is a trade at the moment
After financing, after release of the prospectus, and after we know the shares in issue and the selling that may be to come. Then a sustainable rise might happen.
But for now it is a trade. Like I say, gold has broken out and I FEEL finance was perhaps depending on that move happening. Just a feel I could be totally wrong.
When pedro posts the SP goes up.
Pedro PLEASE keep going.
As regards latency - if it was an issue QBT would package up the software and sell to the highest bidder not try to sell to several. It’s is that simple.
What are you thinking trek?
Long awaited funding finally arriving or just robbie talking gcat up?
Looking at it you wonder if finance was held waiting to see where the POG was going - and now it has broken out it’s maybe the green light….
Just a thought
Well… 1.975p was resistance and is now as support.
Happy to take 20%+ today and finish above what was resistance. Next resistance is 3p.
Let’s face it, SP will be at all time highs soon. For any company to change from being R&D to income generating is huge. Having a product that super charges bit coin mining productivity - well that’s massive. Wveryone will want in.
What’s the largest bitcoin miner worth? $40/$50billion??
We are valued st £20ish million… we should be above £50mill before any deals start to be announced.