Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Not only will questions be put to Andy Yeo but usually there is an update of non sensitive news of where we are, currently what is going on from the CEO's of companies who hold these. I hope Andy has additional input as well the questions put to him.
atb.
June 09th RNS saw Cenkos come on board as the 2nd broker alongside ( existing ) Allenby Capital and now 10 days later we have Andy Butler added to the mix. The sudden need for 2 brokers? suggests Andy has been given a mission to complete and possibly more going on / has gone on in the background than we realise. I think he has been appointed for the 'end game'.
Hopefully :¬)
atb.
Tiburn,
"May indicate talks now have more substance / positioning by an interested party", 100% spot on mate and my thoughts exactly in that Andy Butler has been brought in to move it to the next stage which will be negotiating a deal, JV, Partnership, Sale etc which has already been set in motion imo. He is the top man to take it from here and is a good, concise and lucid talker, judging by some of his presentations and will not have the wool pulled over his eyes or rollover under pressure.
Excellent move by Andy Yeo, credit where credit is due in this instance at least.
atb.
Suthy, I am saying there will not be a takeover bid, we will get to a far higher MarCap than any takeover from a single company if we form partnerships. Once Method B is on numerous companies mining rigs we will continue to add monetary value and couple this with a semiconductor manufacturer adding our algorithm to 4nm chips we will be approaching unicorn status.
atb mate.
I don't see a takeover if we are in talks with 10 miners, not all may come aboard but the very fact that Francesco has not targeted the largest player out there suggests that is not his strategy. I am also fairly sure he stated in a podcast a while back you do not sell the goose that lays the golden egg or words to that effect.
Add to that this is his life's work I do not think he could bear to part with it and will want to see his statement through in that it is his desire is to become the fastest mining company on planet etc.
To get to the stage we are now i.e just before a disruption in the bitcoin industry he would not part with what should be seen as his legacy that he will be remembered for. Francesco is not just about money. That is my take of the current situation.
atb.
That's fine addison which is why I included it but again when asked Francesco said he expected the next update to be partnerships from US & Canadian miners. I sincerely hope i am proven wrong and we get news of something soon but patents are notoriously long winded in my experience, but it is coming and we will be in a completely different situation well before Xmas with several updates having arrived before then. all the best mate.
Francesco stated on his interview just 3 weeks ago, May 26th ish, that it will take a few months when referring to Vlad and talks with the US & Canadian miners, a few months. I want news as much as anyone but we have to be realistic otherwise if we continue to spout tomorrow / next week and we do then have a period of no news for a few months then it gives the nay sayers ammunition to talk QBT down.
All I am saying is the excitable pushing of an imminent date for news can have a negative effect when it does not materialise.
Francesco also said the next stages were complex hence he will also be setting off to the US and basically that is what will be taking up his time now, or words to that effect. If we get patent news in the mean time, great. If we get monies from the Sipiem Court case, great. However, Francesco stated he hoped the next update will be on partnerships / deals from North America big boys. A few months guys is what I am expecting, from Francesco's very own lips.
atb.
RKB obviously it is your decision to not post anymore but if the reason is as you say then that is how bully's thrive, because people do not stand up to them. I would also add the people that should concern you with your posts are the genuine ones who are interested in debate and balanced views / responses. Don't let them win ( bullies ).
atb.
Bitcoin (BTC $26,645) may be in line for a 60% upside if a long-term chart feature stays intact.
In part of his latest analysis on June 8, popular trader Mikybull Crypto flagged encouraging signs on the BTC/USD weekly chart.
Weekly Bitcoin price chart keeps $40,000 on the table
With Bitcoin still wedged in a narrow trading range it entered almost three months ago, market participants have little to go on when it comes to short-term price targets.
Day-to-day performance has offered no decisive trend up or down, and $30,000 remains formidable resistance overhead.
“The market is still in the same position it has been the past few days. Don't get chopped up, place some bids at the extremes and wait,” trader Jelle suggested in advice now typical of the current market perspective.
Stay focussed on the higher timeframe direction.
For Mikybull Crypto, however, those higher timeframes point to some much more interesting price action around the corner.
The weekly chart, he argued, shows BTC/USD completing and now retesting an inverse head-and-shoulders pattern.
This is the bullish counterpart to the standard head-and-shoulders pattern, which shows resistance being cemented and is typically followed by downside.
While daily timeframes have seen a bearish head-and-shoulders pattern materialize around April’s $31,000 local highs, the broader trend may yet play out in bulls’ favor.
“Bitcoin is flashing a text book inverse head and shoulders on the weekly TF. Price is currently retesting the Neckline after the breakout,” Mikybull Crypto explained.
As taught, if the range between the head and neckline is usually the sprint, we are anticipating another 60% rally on BTC.
That 60% “sprint” would place BTC/USD at around $40,000.
Bitcoin
BTC/USD annotated chart. Source: Mikybull Crypto/Twitter
Casting aside rangebound “expectations”
The $40,000 mark and the nearby area are, in fact, already a popular target for various traders.
Crypto Kaleo has continued to describe $40,000 as a “magnet” for the market, while Bitcoin price has preserved key support trend lines throughout the three-month range.
In a prediction this week, meanwhile, fellow trader and analyst Credible Crypto said that $40,000 would not form the ceiling for BTC in 2023.
“Expectations: ‘The Bitcoin halving is in April 2024. Expect $BTC to go sideways between 20-40k for about 12 months which is when we accumulate as much Bitcoin as we can. Once the halving hits, we start our next bull run to 100k+ into 2025. WAGMI,‘” he told followers.
Reality: BTC makes a new ATH in 2023 leaving the majority sidelined.
Spawart I had the exact same thoughts myself that the new brokers have been brought in ahead of the Q & A seminar for a reason, not sure what and it might even be to deflect a barrage of pointed investors. The timing seems deliberate after an age of no news. We will see.
atb.
Fairly sure it's not a placing as not only do we have a strong cash balance it is not that difficult for existing Allenby Capital to manage a placing, wouldn't need the expense of 2 brokers / nomads imo.
Francesco clearly states ( approx 5 mins ) " IF we can incorporate those results...So I am NOT saying we will be able to achieve those results....I DON'T want to create false expectations....AGAIN this is IF..IF..IF. Just how plain do people want it explained, short of drawing a eff^ing picture Francesco spelt it out 4 or 5 times he was not making promises but was hopeful.
AS CLEAR AS YOU CAN GET
Suthy yes, i digressed somewhat in my post, my point being that ARB mined bitcoin directly and that was their downfall due to the CEO building premises the size of a small country with floor to ceiling processing power ( brute force ) in one of the hottest states in the USA so not just energy consumption of the rigs but cooling needed at full blast with electricity prices rising 6 fold and guess what bicoin dropping from $68k to $15k.
QBT will make parterships ( akin to GGP ) who will do all the heavy lifting for us, all the financial burden without the worry of overstretching ourselves like ARB. It's a great model.
Suthy not sure how much you were aware of GGP, unless invested most only saw the unicorn result when it became huge news. QBT are in my experience following a very close path, more than ARB because GGP despite finding a shed load of high gold grades they were fundamentally an explorer, not a miner. They were a tiny company with a market cap similar to ours currently, and had not a cat in hells chance of mining it due to the costs, hundreds of millions to mine and no infrastructure to process it once they had got it out. The nearest plant facilities to do that were owned by Newmont at a cost of $8bn and resembled the size of a small town. GGP did a deal with Newmont but had to give 70% away keeping 30%. Investors moaned like hell that we gave too much away, really? when we could not mine anything ourselves and at best would get $30 - $50 an ounce in the ground or $2000 an ounce if we mined. So we had 30% of of every ounce mined from 10m oz resource with the largest gold mining company in Australia, fact.
And as I said people were moaning like mad. I would even accept 10% of a deal with a major semiconductor manufacturer who paid for absolutely everything from start to finish at no cost to us but with our technology on board.
This is because as you state our Market Cap is what is important to where it will be once the partnerships are sealed. I think we will get more than 10% by the way but 50% of nothing is not as good as 10% globally, that's my philsophy.
atb mate.