On past performance this deal has happened pretty damn quick, only 4 mths since AZ announced via rns on Feb 18th. It might not be a runaway snowball effect but it will ripple out across the Shariah & MENA regions and others will follow. There is no going back, only forward irrespective of the pace.
That's my reasoning for dipping my toe in, hopefully a decent sp rise sometime in the future considering we are fairly low at the moment. I have learned the hard way that its best to take modest gains when you can and not be too greedy.
atb
macg, that was me, I am dipping my toe in the water to see where we go from here. I am looking fairly long term but having been invested in GGP I can say the copper grades in the last rns are extremely good and it is essentially a copper play, the gold will be a bonus and probably help fund costs but as I have said whole % grades in copper are very good for any miner.
atb.
Certainly finance will not be an issue with NEC / USA companies to fulfil any necessary programs to achieve goals, this is probably what Francesco was hinting at with the industry 'step change' that could be brought about. Even if we achieve the algorithms to do so we will need the necessary muscle to put into operation. NEC are probably excited at possibly being able to outgun Intel with a system that should have come out of their own back yard.
If it is QBT, and listening to FG's terminology I genuinely believe it is, then NEC will not 'let' anyone else steal their position and should move heaven and earth in securing a deal with us, even if it means they will make us an offer we can't refuse!
atb.
Addison as per your link @ 10:56 it practically tells us that our NDA agreement with Global Japanese Company is pretty much nailed on to be NEC (MarCap $1.4tn ) as we were using D-Wave annealing process and suddenly had 2 NDA'S signed in the same week, 1 with Japan & 1 with USA.
Just would like to know who our NDA agreement in the USA is with.
Either way success will catapult us in to the bn's if we do a deal with either / both.
atb.
I am also looking to attend the AGM., always seem to get a better feel of the situation attending meetings in person than reading up on the resolutions in printed form, certainly has been the case with other AGM's I have attended in the past with various companies.
atb.
Francesco Gardin did state "We want to be fastest miner on planet" or words to that effect, therefore I think he will resist a takeover as much as he possibly can, could see a JV if acceptable terms with either of the current 2 NDA majors, I really believe he is relishing the challenge of causing a 'step change' to the bitcoin mining sector and will keep the golden goose but may give away the golden eggs.
Time will tell of course, lets just prove up a bitcoin block first as a solo miner , that will be transformational in itself company wise imo.
atb.
Suthy, I don't see what else is left to do to get actual results, we may not be live but other than that we appear to have exhausted all other work and have proof of concept in my opinion so this current testing will, if successful, will result in actual bitcoins.
'Live experimental testing' means just that, seeing what we get before announcing it to the markets.
atb mate.
From the RNS " The Company has moved from simulation testing and has started live experimental BTC mining on its IT R&D platform, using a version of the SHA 256 algorithm."
FG also states " After just 1 year QBT is already in a position to start its knowledge-based Bitcoin mining... The results of our Bitcoin mning endeavours during the next few months will determine the real value of our approach"
The above is open to interpretation but surely the work above has to produce bitcoins , even if not announced yet that we are going live.
Yes and that's the point as FG alluded to in the last Proactive Investor podcast. i.e every large bitcoin miner or pool mining are using 'brute force' and stacking thousands upon thousands of processing computers on top of each other in huge warehouses, hence the enormous cost and energy consumption.
FG stated no one, that's no one, is looking to understand the intelligence of what is required to have a different approach, until now.
QBT are actually ahead of the game and waiting for the Industry to catch up by producing a quantum computer with enough qubits to be able to process our algorithm resulting in an order of magnitude.
bamb with just 1bn shares in issue quite simply a MarCap of just £100m gives an sp of 10p, £200m sp 20p, £300m sp 30p etc etc so absolutely agree we have a huge sp rise to come with still a pretty low MarCap ( for someone actually mining bitcoin ).
We are heading the top of the table of AIM Risers & Fallers Board, that is viewed by quite a crowd and human nature suggests a percentage of those will dig a little deeper as to what we are about, all excellent free advertising and putting us out there at the same time.
We certainly will not be sitting with a MarCap of £20m, can add a nought to that at the very least. If we can mine a block every 2 days on average we will see a MarCap circa £500m and considering Francesco is stating several factors faster then that should put us ahead of the game or at least capable of a block evry few days or so.
atb.