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I do not believe there will be a RNS tomorrow unless it is the announcement of roll out of the exchange.
What I do know is that the soft rollout is 1 year old this week, I know that recruitment is taking place for a crypto exchange associate, and I do know that GST have previously stated in a RNS that the broader rollout will occur about now.
So all I would say is be out of this at your peril, as anyone invested or been interested in GST knows, the SP moves exceptionally quick.
Better to be in than out. Otherwise it’s a gamble.
GLA
If not Monday, there is a likelihood af a RNS anytime to update on the expansion plans of the exchange, and with the soft launch anniversary coming up on the 16th Nov, it might be a very timely moment to put out a RNS.
So not a time to be out as we know the SP moves very quickly.
Either way GLA
Whether the figures are real or not are some what irrelevant.
The exchange has been running for nearly 12 months and we know the expansion is planned before year end. The exchange has been reviewed by coincodex and you can join and actually trade right now.
The update is due any day now.
Sure it’s being traded, but equally volume is very high with positions being taken in large chunks.
Certainly would not want to close a position when it’s still rerating to higher value.
Only a trader would want it to go lower.
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.