The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Okay 10% increase let's ignore every other statement in the RNs for a minute. If you mine BTC over a 12 month period and install this upgrade at pretty much nil cost it seems you get an extra months free mining at no extra energy cost. Take ARB as an example that is an extra 160 ISHextra btc per year worth £4mil+. However for most miners they are holding so it is potentially worth an extra £10+ million per year. All for a lay out of what maybe £0.5 mill one off payment. 10 companies big enough to afford that would be £5mill in the bank for very little effort and much much more to come
Very fag packet calce here dyor just my own thoughts
I have a simple view on all these options. Who would buy options at 5p unless they are a) holding or b) selling at a profit. To sell at a profit you would want an SP somewhere near 10p so that the added dilution doesn't drop your profit to almost nothing (remember AIM frequently manage SP to option/warrant levels). So in my simple view the target for QBT by summer next year is 10p+ and the year after using the same rational 20p+. I accept the risk that this could crumble and potentially go bust but if they achieve something tangible there is a huge amount of money to be made in this market - strap in for the long term I say.
the ONLY complaint I really have and have repeated several times on this BB is information sharing. At this stage regardless of cost etc we should be getting RNS weekly/fortnightly to keep QBT on the front foot. People talking about meat on bones etc I disagree to some extent tell us we have mined 0.5 of a bitcoin every month, tell us we are trialing a mining chip that is quicker, tell us we are using AI to buy/sell bitcoin but keep telling us that is the way forward IMO.
I have considered the reply from PR carefully and would like to ask about price sensitive information. Just looking at ARB and the info they have RNS's over the last few months
1. ordered miners
2. received miners
3. miners working
4. PR contract
5. green energy agreement (not contract)
6. green energy alliance
7. amount of BTC mined (every month)
8. Agreement to have first option on new miners
I get it we are not ARB but surely in the last 8 weeks or so since the raise SOMETHING has happened to be newsworthy if not then I think we have the right to ask what is going on.
I repeat I have a large stake here and have confidence that it will do well but every day with no news is killing the SP and if the court case is delayed again /or is not substantial we will potentially see sub 1p.
Even an RNS saying that the court case is understood to be going ahead would create some interest lots of day traders trawl RNS for potential gains then you get SP increase which creates more interest etc.
Feel free to block me I don't really care - but under AIM rules share holder interest should be first and foremost
The biggest problem atm is how are investors going to be enticed into this share. Information is difficult to come by does anyone outside of 3 week plus holders even know about the court case and how it could impact the sp? Does anyone know what we are doing bitcoin spanked so we are because we might be miners, bitcoin recovers but we don't because we might not be mining. I would say a bit like a mushroom kept in the dark and fed bull**** but actually we are not even getting bull****.
This stock deserves to be much better but we entered a new name with a whimper and have since gone to sleep no news on AIM is a death knoll for the SP. I don't think the court case will be delayed but I don't feel we will get the huge SP hike anyway things like that are preemptive and no-one knows we exist to start a build up. God I hope I am wrong but something has to give soon.
totally agree blue - People here do not want to listen to facts. I am positive that this company will do well but the last few weeks have been nothing short of amateurish - sugar coat it how you will. In the next weeks/months/years I hope to look back at this and think FG played a blinder but right now that does not appear to be the case.
HOLD THE LINE
my problem with this at the moment is the sense of urgency to get the name change completed, which brought a shedload of sentiment with it. Yet a week later there is no information forthcoming and all that sentiment has gone. i am in at around 5million shares averaging 2.15 which i thought, and still think is a great great entry price, but with no news and the sp drifting, any news that eventually comes may no even push the sp backup to the 2.5 mark. Even the court case may only take us to 2.5 with day traders ripping a quick profit.
I really want QBT to do well but right now I am not seeing much that I like about it
Intere3stingly I got shot down for saying this last week sp is going to drift until some news is released. Surely they have spent the raise money on some miners or installation or even bloody bought a bitcoin would send some confidence
holding 500k shares no cash to burn on a dip so no ramping/deramping just felt it would be useful to bolt on to good sentiment. I understand the trading platforms not being up and running etc but i still would have liked to see something this morning.
Cheers conger always good to get informed opinion from lth
So with the share issue and assuming approval/sale/jv and then programme what are people's thoughts on sp. I guess 0.75p would be ok shortish term but with all the other irons in the fire if they get started and get some success in Irish sea Indonesia etc long term this could be 5p in a year or so. Any more educated estimates would be appreciated
Application to purchase to goi
Program of works to goi
Told to prove financial capability for purchase
Raising details submitted
Programme of works agreed by goi
Purchase agreed by goi
Jv issued
Works starts all before end of may with luck
Would also be great if some cash available to start Irish sea
Gla only a measly 5.5million here but average 0.22