Member Info for LordSnooty

One forgets that FFWD's seed capital in Factom was only $400k, so that even if the protocol was not adopted by major clients and the company faded away into obscurity, that figure would be the full extent of our loss - nothing in the scale of things, whereas the potential upside is many increments of that.

Are you expecting an RNS at all for Factom M3 implementation? I would have thought announcement(s) would only be RNS-worthy when first client announcements are made.

I blame Joel's faulty Chinese calculator. Now that we're getting some new Chinese contractors in, CB should definitely write a new-calculators-on-demand clause into the contract.

That people want to sell today.

Good to see that spirits are much higher today, now that punters and investors have had a chance to digest Friday's events. Upward and Onward!

M3 will go live tomorrow by the deployment of the "M3" code that allows for decentralization of the Authority Servers.

One certainly scoffed a few, O&W; when carrots are dangled, old Snooty can't resist.

Steady, Mr Nob.

I'd say a Chinese outfit is a shoo-in to replace Omnia on the O block, provided he can get them on site quickly and on the same terms as Sino.

Andrew - it ain't over till Snooty sings - and believe me, you'll know when that happens!

- holding and buying on weakness. The main value here is and always was in our hard rock prospects, particularly FB, where we have as accurate an independent valuation as money can buy. We are within six months now of seeing some return from other hard rock, possibly a year in the case of FB. The alluvials will do whatever they do, they are a sideshow - a profitable one to greater or lesser extent, but still a sideshow. Long and strong.

Bounce around.

Nope, Nexus only get their dosh on the alluvials, 'ard rock is ours to divvy up with whoever kisses us nicest, Dusty.

Factom is to the Universe what the Deity is to mankind.

Gixxer, you say 'giving away 80-85%', but what alternative would you prefer? There may have been a small hope at one time that alluvials would help to pay for FB capex, but that has not happened, so CB must now either dilute shareholders significantly, which he has vowed not to do, or take a pragmatic approach and negotiate a deal where we essentially get income for nothing. Yes, it would have been nice to retain more of FB, but looking beyond the known Manica, there's still tremendous opportunity for expansion both on our present licence and beyond into Zimbabwe. Interesting that CB mentions the Chinese work ethic. Also that Omnia is Saudi.

https://www.cryptoglobe.com/latest/2018/04/blockchain-technology-today-is-like-1960s-internet-says-ex-jpmorgan-executive/

Let's not over-dramatise, Dusty. So $26k is not enough to keep Joel in calculators for the quarter. What about drawing down just a little of our cash pile to bridge the gap because the rains washed away most of our Q1 profit? It's not as if we are haemoraging $250k a quarter, nor that the rainy season lasts twelve months a year. But I do agree about Moz, they need to step up now that the rains have abated. As of the March 6th RNS they owed Explorator $1.5m in accrued penalties and run-of-mine payments, which was $600k to XTR. They are increasing or have increased from three to seven processing plants, so if they can't cut it now then they never will.

Exactly so. And every few months the traders freak out because the alluvials - which are about as derisked for XTR as it is possible to be while still earning revenue - fail to live up to their expectations. It needs to be repeated and repeated often - it's almost all about the hard rock, the alluvials are a distraction, they may be a profitable one, they may not, but they will only ever be second billing.

has never been primarily about the alluvials, except insofar as they need to be cleared for access to the hard rock. CB took a calculated gamble, and a derisked strategy, that their processing might pay off. It still might, and in fact they have just about paid the bills so far. But right from the beginning the main target has been the hard rock deposits - particularly Fairbride - because they are where the big profits are, and they inch closer to providing revenue by the day. In a sense, the alluvials have been a distraction, what with all the speculation about tonnages and grades and revenue from them. We may do better now after the rains; I hope we do but we may not. Either way, our eyes should increasingly be on how the HR targets are developing.

Looks like that old calculator needs new batteries, Joel.