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RKB your last paragraph echoes my recent thinking, its possible to sell just 2 shares to remove the TR1 status which as you state could be construed as to losing faith / not being as committed as you were before.
I have many thoughts as to where QBT could be heading with some paradoxes I might add. As silly as it sounds I do wonder if total supremacy / game over as a result of Quantum processing success would be a good thing with regards to supply & demand. i.e if no one else has any chance of obtaining bitcoins via mining do they become worthless in as much that we could have a lot of what no one else is interested in because they cannot attain them. If there is no demand whats the point of supply. I haven't explained it very well but I believe having a share of the pie or at least holding the knife is the better option.
Other thoughts are could , for example, a further 1 million bitcoins be added by the creator once all 23m have been mined? It keeps me happy and intersperses my senior moments.
atb.
Addison, what stands out for me is the statement from FG in how easy it will be to use our current progress to mine these Altcoins at no extra costs etc. He states it in a matter of fact way as though its no big deal and a given to achieve with such confidence that I suspect we have more or less cracked the algorithm needed to mine all the crypto coins, just need to see the speeds which as you stated a few days ago the 30% increase in speed could be enhanced with super cooling.
atb.
RhHh, I am holding long term, several years, I have a decent holding but I believe RKB is knocking on the door of a TR1 (3%) which would be 29.94m ( ish ), I have 23m and my son & daughter have nearly 4m.
I could add but I am happy with that at the moment, quite possibly that may be it.
atb.
Guys am I reading it wrong, it states 1.7 million coins approx for each of the other 2 coins which are $122.91 & $44.71 and they give a total value of $2901m ( $2.901bn? )
Should there not be a decimal point it after the 0 making it $290.1m, in fact I calculate it as $285m but near enough, I suspect I have had a senior moment and will be corrected.
atb.
passiton I agree its up to Andy to broker a better deal than 50c per boe fire sale, how likely do you think he has the connections / leverage to do this when going up against Tier 1 oilers as it makes a huge difference as every 50c adds 1p to the share price.
With oil still circa $80 could we see the $2/3 that was thrown out there last week?
atb mate.
To be fair to Andy and Baron Oil the CPR is being assessed by ERCE an independent, obviously, so it is not in their control to have a specific release date, same actually goes for Dunrobin.
What we do know is that both sets of news is not far away and can fall at any time. I would much prefer to wait a bit longer if it means we get ERCE stating they are in agreement that there is a 5.56 tcf payload of gas.
It was my patience in GGP that saw me make huge profits when others bailed too early, I will do the same here until it all unfolds, whatever that may be.
atb.
Thanks NCT I have reinvested a lot of it, must have got the bug! and CDF1 it's all relative mate as to what each one of us wants and I wish you every success and the bottom line is we are all here for the same reason to make enough to improve our lot / help the family etc.
Have a good weekend all.
Magpie as you correctly state we do have plenty of potential customers, £328m in the pipeline which has probably increased but you say we have ample funders, I think we have no funders other than Vechain and thats the problem as far as I can see.
atb.
1 Tcf equates to 170m barrels so 5.56tcf is 958m barrels. Recoverable is 75% which is 718.5m barrels and Baron have 75% interest which equates to 539m barrels net.
If as Passiton suggests a conservative price is 3% - 5% of the base rate of poo ( $75 ) then we will be looking at $2.25 - $3.75 per barrel.
Those figures for Baron would see an NAV of between $1.2bn and $1.8bn giving an sp range of 6p - 9p.
Even if the figures above are reduced by 50% / halved we will still be several pence per share minimum.
Lets see what the ERCE CPR comes back with.
Have a good weekend all.
atb.
RKB,
Have just read your post referencing speaking to your nephew in Australia with the statement "Quantum Blockchain Technologies are about to get a lot of press coverage", may I ask is it Australia you are alluding to where the press coverage is about to be released?
atb
Assuming JKM Benchmark LNG prices at historically elevated levels in real terms of around US$15mm/Btu we think such a project might sell for >$5/boe post a postive pre-feasibilty study.
Chudditch contains 950m boe, do the maths, this is a multi $bn play even if sold at just $5 a barrel.
atb.
I sometimes wonder that when Francesco does a podcast he views it as stop gap or an update of sorts during the long spells of non 'official' updates / rns's.
If results are still being verified I am not sure what there is to actually release, (apart from the Sipiem Court Ruling payout), mining speeds, patents, and practically everything else appear connected which is why FG hasn't got anything of substance to update with other than general 'steady as she goes' within the podcasts.IMO.