Member Info for miker444

Potential assets of $60 bn - $80 bn for just AUS 300k. I'd say that was a pretty shrewd investment.

IfIknew.. Is it 2,040m drilled or 2,400? I'm too lazy to look it up mate 🤔

Irrespective, as you say it's basically the salt dome just left to drill and that will be very soft compared to other rock strata's so less likely any problems, in theory, with the drill bit getting stuck, breaking etc.

I know we talk about the 100 year old Behemoth that is Schlumberger but Aztec Well Management are very highly regarded in their field so we are in safe hands in that if the gases are there then they will be got out in my opinion.

atb.

Mikeydj excellent post 08:48. Sums up F G's strategy superbly.

atb.

Phimx, irrespective, you STILL think it was a cardboard box! Just think about how stupid that is. A cardboard box?

How will F G explain that away?

The Leading Asic Chip Manufacturer gave him a cardboard box and said " This will fool the shareholders" and F G replied " It should do but I'll paint it Black just to make sure"

It Beggar's belief.

Sold to help bring QBT into commercialisation, lovely jubbly.

Tom Winnifrith lost a lot of people huge amounts of money when he managed 2 T1PS Funds as per below. A loss of 45% & 44% in 1 year. Described as PAINFUL. He was replaced by Peter Webb.

Investors in the T1PS funds will hope Webb has renewed his enthusiasm for investment. Their recent experience under Winnifrith has been painful, with the £12 million T1PS Smaller Companies Growth fund and the £16 million T1PS Smaller Companies Gold fund both at the bottom of their sectors, with respective losses of 45% and 44% in the year to March

SirH not sure if you have grasped what I was trying to explain regarding the CoS. It's not 8% as in 2 in 25 mate.

To get the final figure CoS of 8% each of the 4 factors will need to average 53% so a 1 in 2 chance or in your terms 13 out of 25.

You multiply each of the 4 factors % wise.

Therefore 53% x 53% = 28% THEN 28% x 53% = 15% and finally 15% x 53% = just 7.8% below our 8% CoS.

So we have on average a 53% success rate for each of the 4 factors and it's what the Mining Industry uses as a yardstick.

atb mate.

Hexam you are not well mate, seriously, there is something wrong with you. I HAVE stated I cannot give a date, no one can. So what is the point of an estimate? So you can hold me to it? Hold me to an estimate.

Go and see a Doctor or knock one out, do anything but you need to get away from this board, unhinged is putting it lightly.

I will not be responding to you anymore, your head is in turmoil mate, seriously.

Thanks Jogon, I think the GGP CoS came in at 32%, that's practically nailed on with all 4 factors of 75% give a CoS of just 31%.

For what it is worth, I am no expert but I do believe our CoS should be higher. The Flow factor with expected pressure of a minimum 6,000psi should be 70%. The porosity is 18% which is very high, The Rock Strata looks like Swiss Cheese! So all in all I am quietly confident, Schlumberger will also look to fracture if this improves movement of the reservoir and also a sidetrack, if needed to hit the 500m column as shown in 3d seismic charts.

atb.

Hexam no one can give an exact date, as you well know. I have not said imminent, that is your narrative not mine, I said sooner rather than later. F G stating he 'expects news' by the end of the month is not a promise, it's what he believes. It could be before, it could be after but it's what he expects and will have been given that timeline by his team and his own findings.

KoolKat, a good balanced post, can I take it you are more upbeat now and have bought in? Genuine question not sarcasm.

atb.

When I was invested in GGP I used to look at the CoS % estimates and get a little deflated when they came in at 18% or 23% etc This is because I assumed that the % figure given was how we usually applied it as a fixed integer as in a maths class at school.

NOT SO.

There are 4 geological factors that the CoS is calculated from to arrive at the final figure. It is quite interesting, for those that don't know Benny.

The 4 Factors are the type of minerality i.e Rock Strata, The Porosity, the depth and also Shape of the Deposit and finally does it permeate (Flow to surface) or at least allow it to be mechanically lifted.

It's a lot more technical than that but they are my own words from memory.#

Now, this is the interesting bit Benny. You have to MULTIPLY the estimated % of EACH (All 4) of the factors together.

I will give 3 examples below:

Porosity 50%, Rock Strata 50%, Shape & Depth 50%, Flow 50% therefore 50% X 50% =25% ( That's 2 ) Then 25% x 50% = 12.5% (That's 3) Then finally 12.5% x 50% = 7.5% The 7.5% is the overall CoS if all 4 Factors have a 50% chance each. FACT.

A 65% Chance on all 4 when multiplied as a % Comes to 17%. 65% x 65% = 42% x 65% = 27% x 65% = 17%

Now obviously in reality all 4 factors will be different % wise, the Flow Rate could be 60%, the Porosity 30%, the Depth / Shape 40% and the Rock Strata 10%, All these % are significantly above our Final figure CoS of 8% but multiply them together as they do above and in the Mining Industry they give a total CoS of just 7.2%.

BELOW our 8% CoS.

Apologies for the length of this post but the CoS is not derived in the normal way we perceive.#

atb.

Good Morning Hexam, looks like I have hit a nerve, and so many mentions from KoolKat, I'm feeling a bit overwhelmed. The reason I have not responded my little cherub is that I actually go home of an evening and have another life. If I'm bored I may post in the evening sometimes, sometimes not.

Now, to answer you. I do not get stuck in the past, it's morbid. I look ahead. I see that QBT have made an awful lot of progress towards their end game. That is, to JV / Partner / have their 'methods' on rigs whether it be a mining pool or individual Bitcoin producer. The end game to receive an income / revenue and for genuine shareholders to make money.

Therefore I really don't give a fig about timelines being missed if we get the prize. I don't care if it's end of June or end of July.

Why? Because I get on with my life and as the saying goes "All good things come to those who wait".

I waited for 3 years in GGP and the share price did not move in all that time. But I waited.

Why did I wait? Because I believed it would come good. I made a fortune, a multiple of 76 x. But I had to wait 3 years, others bailed and that is their choice.

GGP was a safer bet than QBT because once they found the gold they couldn't unfind it, the fundamentals were solid.

However, I believe QBT, after years of missed timelines is very close to seeing a deal with a Leading Asic Manufacturer and yes it depends on successful results.

The fact that F G mentions a mining pool suggests, to me at least, that this has, not only been discussed, but he and the Leading Asic Chip Manufacturer will know 'who' the mining pool is, as will of course the mining pool.

It depends on success, that's it, win or fail. It's not guaranteed. But I am invested and go to AGM's because I believe it will succeed, no one can give a date when but we are an awful lot closer to results than we have ever been.

That's why I have stayed in.

That is pretty frightening, seriously. Do you butcher small animals?

You have the makings of a Ted Bundy. Tell nurse to up your medication, and then some, as it is clearly not working.

Off home now.

You stated as short while ago you sold your 400,000 shares, why did you buy back in if those are your beliefs?

That is more bizarre than Phimx and his cornflake box.

Are you both residents in some sort of Institutional Asylum?

Phimx, the worrying this is I actually believe you. Anyone else believe it's a cardboard box?

Hexam you are not invested.

Phimx, do you still think it is a cardboard box painted black or a rig? Short answer please.

No ramping Hexam, can I ask why you even watched the podcast and even more pertinent as to why you are even here on the chat if you are not invested and think this is as bad as you say it is. Surely you would comment on a share you have interest in even if not invested in said share?

Inforapenny, It is an excellent RNA, the Leading Asic Manufacturer is working closely with them, not just handing over a rig, source code, mdk mining kit etc.

That suggests they have seen something that makes them want to put all this effort in with QBT. Why else would they bother?

Francesco said they have total domination of the machine, that sounds we will hear soon enough.

atb.

Hexam, thought we were forming a bromance, seeing as I agreed to your 10p prediction on a deal. Have to say I'm a little disappointed. Have a good evening.

Did I hit a nerve Hexam? I actually agree with your prediction of 10p IF a deal is done, a multiple of nearly 30x from here.

Read the RNA again, we are very close, don't keep looking backwards, a lot of money to be made from a small investment very soon.

Don't miss out my friend.

atb.