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Aklee,
That is spot on and pretty much all anyone should be concerned about. More detail is in the RNS’s.
The SP is moving due to the huge potential here now with imminent news due.
There is the chance that QBT may also starting mining BTC themselves.
Yes BTC is also heading North which helps, but it’s not a direct correlation as QBT is on the rise due to fundamentals and imminent news.
I do believe 4-5p before news is realistic.
Then on news who knows.?
GLA
I don’t believe the rise is truly correlated with increasing value of BTC.
The upward trend is happening, mainly due to fundamentals, and the expected news of new contracts that will make the business profitable and sustainable and also scalable.
There will be natural peaks and troughs as our SP moves on a Northwood trend to somewhere in the 4-5p range before news. That is not to say it won’t go higher or lower,.
Personally I think today will see pressure on 3P.
Good luck all
Read the RNS and it explains in full what they have been doing and why the need to raise.
The SP is responding to the funding that has been created to see the business through to revenue.
There is no need to raise further funds.
What an incredibly positive position.
The numbers are eye watering.
When you then start to factor in potential rises in BTC value over the next 10 years, the potential is mind numbing.
The other factor that would be difficult to quantify here is sentiment, and if crypto sentiment comes our way which I think it will, it will drive the SP higher.
Just need to see that first profit making deal that makes the business self funding and scalable.
Also, nice to the board a little more sensible today. 🙏
They also give a 5 year prediction price of £228.
Personally not one to look too much at price prediction sites, but there is every reason to be buying right now as the current Mcap is so low, and the fundamentals tell you everything you need to know.
Due diligence is key.
With any project in any industry sector there will be risks. What is important is consideration to as a many factors as possible.
There is every reason to be bullish here. Old I’m eaters can average down and new investors have an excellent opportunity.
Disgruntled shareholders are par for the course.
Quite happy to have a position here, and will add when I can.
GLA
Headder, it’s all about numbers. The mine has a large resource, longevity, potential expansion, low cost.
It is 100% owned.
Even if the grades were not top notch, the viability is there as a tier 1 mine.
From an investment perspective, is there future value from current position. The answer to that question is a resounding yes.
LTH’s I have sympathy for, they now have a wait to realise their investment. But, from current position of market cap, the growth and return opportunity is very good, and that is what is important.
It is good to have balance so your post is welcomed but I look at this project from an investment perspective and are no reason to be negative from current position.
Where will the market cap and SP be once fully functional.?
That’s what it’s all about.
That’s a great reply.
Just look at the site, what is being constructed, and how close it is to completion. It is an enormous project, and yes most definitely the schedule of build and costings will vary.
The key factor in any project particularly a mining project is viability, and this is an enormous viable tier 1 mine that is in every way viable.
And another tier 1 mine in the making too.
There will always be challenges, always questions asked of any BoD, but it will be completed and it will be a globally significant mine. And, it it’s 100% owned.
When you read through the detail, it is very clear that this project is not only enormous, but it is being constructed professionally and will be cost efficient when in operation.
This is a tier 1 mining facility, which is 100% owned.
An additional tier 1 mine is currently in the feasibility stage.
I would recommend that anyone on the sidelines that is not invested should read this report as it gives a detailed company position.
Due diligence is key to any investment decision.
I am confident from my own due diligence that mid to long term will see significant increase in market cap, and a cost efficient operation that is profitable and sustainable with future tier 1 mine in development.
Not financial advice.
GLA
I just want them off my ledger, anyone have any idea when they will be be officially delisted so they can be written off completely.
Does anyone know when it will be completely delisted.?
As in removed from LSE completely.
Just looking to remove this ****e from my accounts (and memory.!)
“Naughty traders”
Not sure, it is more a case of the fact nothing was guaranteed, and even if the £10m dropped it could well be on very different terms to that previously advised.
All in the last RNS of course and that is why the market is where it is.
I suspect a RNS later today with a small update.
We all want the SP to multibag, but reality is that it may not. Even if news is the best it could be, there will be a very big sell off before SP settles.
Still very much a long term hold.
Some people only have eyes on the big prize.
Well they are foolish and as Crabtree points out it may not happen at all.
It was stated in last RNS that funding terms may change, and we will be updated at an appropriate time.
Just need to be prepared for all outcomes, and don’t rely on profits to pay for Christmas this year.
Fingers crossed it all comes together, been invested for a while, but I am also grounded and accept it may not happen.
Good luck all.
JonesRichard, you do you really think I or anyone would believe a single word you say.?
You are the most idiotic ramper on LSE, twitter and telegram to the point of of legendary status for all the wrong reasons.
Ramp everybody in then short.
You should be banned from every social media platform.
But then again, you are so outrageous, it’s comedy gold.
If only you were closer to being sensible.