George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
Appointment of New Chief Executive Officer
· Adrian Hallmark, experienced ultra-luxury automotive leader, appointed new Chief Executive Officer
· Former Chairman and Chief Executive Officer of Bentley Motors to succeed Amedeo Felisa, who will stand down as Chief Executive Officer of Aston Martin
· Hallmark to commence position no later than 1st October 2024
The Board of Aston Martin today announces the appointment of ultra-luxury automotive leader Adrian Hallmark, who will join Aston Martin as an Executive Director of the Company and its Chief Executive Officer no later than 1 October 2024.
Hallmark, aged 61, will join Aston Martin from his recent position as Chairman and Chief Executive Officer of Bentley Motors, a role he has fulfilled since 2018. He brings more than 25 years of highly successful senior automotive experience from the US, Europe, and Asia with companies such as Bentley, Porsche and Volkswagen.
Ensuring a smooth transition in leadership, Amedeo Felisa will remain as Chief Executive Officer until Hallmark takes up post. Felisa will continue to oversee the introduction of Aston Martin's exciting new products, including the launch of its third next generation sports car later this year, completing its class-leading, new front-engine portfolio following the successful launches of DB12 and Vantage.
Commenting on the new appointment, Lawrence Stroll, Executive Chairman of Aston Martin, said:
"When Amedeo was appointed CEO, I spoke of him leading a new phase of growth and development. Two years on, we have delivered on that promise, as we near completion of our thrilling new product portfolio and move closer to our vision of becoming the world's most desirable, ultra-luxury British performance brand.
"I'd like to personally pay tribute to Amedeo, recognising not just what he has achieved at Aston Martin but throughout his long and distinguished career at the very top of the ultra-luxury automotive industry. I am pleased that Amedeo will remain in post until Adrian joins and will continue to oversee the launch of our upcoming products, with our breathtaking line-up of new front engine sports cars a fitting legacy to his time leading the Company and its product strategy. We look forward to celebrating Amedeo's contribution to Aston Martin's recent success before wishing him the very best.
"In Adrian Hallmark, we are attracting one of the highest calibre leaders not just in our segment, but in the entire global automotive industry. Complementing our world-class leadership, Adrian will bring to Aston Martin unrivalled experience in both the ultra-luxury and British manufacturing sectors to progress our strategy and continue recent momentum."
Aston Martin Lagonda Global Holdings Plc is expected to appoint Bentley Motors Limited Chief Executive Officer (CEO) Adrian Hallmark as its new CEO, the Financial Times reported on Friday, citing two sources with knowledge of the matter.
According to the report, Hallmark is set to join Aston Martin later in the year to succeed the current luxury sports car manufacturer's CEO Amedeo Felisa.
Volkswagen Group's Bentley officially announced on Friday that Hallmark will leave the company "at his own request and by mutual consent," adding that "he is preparing for new tasks outside the Volkswagen Group with immediate effect."
https://www.baha.com/Aston-Martin-allegedly-to-name-Bentleys-Hallmark-as-new-CEO/news/details/61732942?internal=1
Agreed. This is just political posturing.
Just pointing out that relations are in a better place with India, who were happy to congratulate Putin on his re-election, than Japan currently.
Also interesting to note via LB that someone thinks it's worth fighting Queeld for ownership of the 'lost' share certificates.
Forget Japan. Look to India imo.
Russian Ambassador to Japan Nikolai Nozdrev told RIA Novosti on Friday that the country's relations with Japan are at their lowest level and as such, are "unlikely to recover."
Nozdrev blamed the Japanese leadership for such an impactful deterioration in bilateral relations, by claiming that Japan had undertaken "consistent, deliberate and conscious steps" towards undermining relations with Russia. He went on to portray Japan's sanctions against Russia as notably less significant than Tokyo deems them to be.
The ambassador also said there are "concrete attempts to influence public opinion in order to form stable anti-Russian sentiments in the long term," which, along with other issues, brought the relations between the two countries to a "point of no return."
https://www.baha.com/Russia-says-relations-with-Japan-unlikely-to-recover/news/details/61731160?internal=1
I think the LinkedIn post is very telling that he structured the business to protect himself from being ousted way before the IPO. And it is clear he will fight to retain control. Well worth reading a few times imo.
I believe MM's mindset is still that of a private business owner (owning the buildings etc) and has not adapted to being a shareholder and CEO of a PLC. Private companies afford more freedoms than PLC's but clearly he wanted to create his own generational wealth from the IPO. Can't have it both ways!
Totally agree that a new CEO who is respected by the city is needed for the SP to recover.
While Elon Musk is considered a maverick, I'm not sure the same approach is working out for MM. Elon had hits with PayPal and now Tesla is profitable and a success. THG needs to become more streamlined and profitable. MM needs to talk the talk as well as walk the walk.
This director resignation looks like a chair shuffling exercise. As an advisor he can do what he likes and avoid shareholder scrutiny, likely keeps any options awarded, may benefit from the recent shares for employees scheme and possibly paid the same. Agree it's smoke and mirrors.
I suggest MM becomes chair, Lord Allan out. New CEO.
Calling people trolls for having genuine questions about the progress of QBT is a bit blinkered.
So far very little of what FG has said over the last few years has come to pass. He has got some raises away though.
It does not seem very clear to me that method B has been successfully ported to a machine and is now in testing versus a standard machine.
Personally I would have preferred testing to also be carried out on four or five QBT owned bitmain machines to prove that the system works on the post popular mining rigs.
My personal issue here is that I cannot decide if FG is more invested in the academic process rather than the commercialisation and monetisation of a product.
I also wonder what the status is of the proceeds from the court case. This seems to be dragging on and if the awarded damages land it will make a huge difference to the viability of this business.
Whatever happens, they could do with hurrying this up as the halving is getting close. This product could make a massive difference if it works.
So leaves the board. But stays as advisor - to the board perhaps?
So has anything changed here?
This is potentially to save embarrassment at the AGM following last year's votes no doubt.
Broken links on their website for X and instagram. Is this just a shell company now? My £19k 'investment' is now worth £400. Considered averaging down but looking at the website to me this is uninvestible at present.
The fact you say you are accumulating is exactly the same! 'Anyone else's opinion is worth nothing except giving a false sense of security' your opinion to accumulate is rather hypocritical, and a bit early imo.
Below is how ChatGPT interprets the RNS (PRN).
The provided text outlines several developments and updates from Quantum Blockchain Technologies (QBT), an AIM-listed investment company focused on R&D and investments in blockchain technology, particularly in Bitcoin mining. Here's a summary of the key points:
Method C Development:
Method C is a new development based on Machine Learning and predictive AI oracle technology.
It has shown consistent results in testing, demonstrating predictive ability in approximately 30% of cases related to SHA-256 calculations, potentially saving energy in Bitcoin mining.
Method C differs from previous Methods A and B as it needs to be implemented directly onto the ASIC chip during manufacturing.
Business Developments:
QBT has entered early-stage exploratory discussions with Bitcoin rig manufacturers and US Bitcoin mining companies, taking the first steps towards commercial and technical negotiations.
Discussions have been held under Non-Disclosure Agreements (NDA) with two large mining rig manufacturers in China and North America, as well as two of the largest US Bitcoin mining companies.
QBT Proprietary ASIC Chip:
QBT is developing a proprietary ASIC chip for Bitcoin mining.
The prototype will implement the optimized version of SHA-256 from the company's patent applications (ASIC UltraBoost and ASIC EnhanceBoost) and the new Method C.
The chips will serve as a real-world proving ground for QBT's disruptive Bitcoin mining technology rather than for industrial mining.
Update on Method A and Method B Porting:
Porting Method A and Method B onto commercial mining rigs has proven challenging.
The R&D team is testing different solutions for the final stage to deliver a fully reliable product, but an exact date for market roll-out cannot be provided at this stage.
Patent Applications:
The first patent application (ASIC UltraBoost) has been filed with the European Patent Office, and the second patent application (ASIC EnhancedBoost) is undergoing a standard exchange of questions and answers with the UK Patent Office.
A third patent application is being drafted for the proprietary quantum version of SHA-256.
CEO's Statement:
Francesco Gardin, CEO and Executive Chairman of QBT, emphasizes the positive lab results of Method C and the company's focus on turning Methods A, B, and C into commercial products.
The CEO mentions challenges in reverse engineering efforts involving undocumented third-party ASIC chips and the importance of live tests before moving to the commercial stage.
Overall, QBT is actively engaged in the development and testing of innovative technologies aimed at improving the efficiency and energy consumption of Bitcoin mining, with a focus on integrating AI and Machine Learning into the process.
MM made his money on the IPO. Plus gets a handsome income from commercial property that can be very tax and inheritance beneficial. Not sure if the hunger has gone but I'm sure once in the financial position he finds himself in it is easy to relax a bit. Clearly if an acceptable offer is made for the business he will get another windfall, but it won't change his life. That's already happened.
I would prefer a change of leadership with MM moved to chair, remove Lord Allen as I do not believe he represents value for money, and a City friendly CEO employed to help the SP get to fair value.