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Semi-Conductor Companies, easy to overlook the current situation, this is not the only possible catalyst we could have before Xmas.
Francesco did state in a recent podcast we are at an advanced stage in talks with a semi-conductor company. To the effect that the 'market' would be surprised as to the identity of said company. Therefore I viewed that as a 'new kid on the block' and at the time Google came to mind. It may well not be them as that is purely a gut feeling but make no mistake if we do a deal with a Tier1 sized company regarding production of semi-conductors programmed with our algorithm then it beggars belief where the sp could go.
atb.
An awful lot of people view the Risers & Losers Board, this is excellent free advertising if you make it on there and at the top, usually they will then look up the Company to see what its all about.
Anything that is free advertising and spreads the word to a larger audience is to be welcolmed.
atb.
With Chudditch-1 and the NE / SW /Quokka prospects containing 3.2 Tcf recoverable from a 30 meter column then just how much could the Chudditc-2 reservoir contain with a column of 103 metres. Looking at the latest presentation charts not only is it 103 metres in depth but it maintains this depth for nearly 4km length until it reaches back to Chudditch-1.
Yes it has to be drilled and proven up but if it is there then we could be looking at double figure tcf, comfortably.
Not a ramp just looking at the seismic charts and data from the presentation. Will have to wait a year but if successful then the sp will go through the roof.
atb.
Kylie, excellent news and just dawned on me that 56.6% ownership of Greater Sunrise is TIMOR - GAP, the very same who are in a 75% / 25% JV with Chudditch. I struggled to see the connection as to why Greater Sunrise development would necessarily impact on Chudditch, but now I do, and yes my bad, excellent progression.
atb.
Chudditch-1 is 30 metres so at 100 metres Chudditch-2 could hold several times the volume in a successful drill case.
It is a longish hold 12 - 18 mths but the rise in sp if the gas is proven up and we achieve partners / JV / Sale will be exponential.
Passiton, appreciate the reply, it would make sense to develop them all under one umbrella, Chudditch very central and also extremely shallow waters when compared to the others which should give it some appeal in drilling terms.
atb.
TTMB, Good post, FG did state that despite bitcoin blocks not being released until the previous block has been 'solved' they are , even future blocks, connected by Blockchain and this is the area that they have achieved the impossible in the eyes of the bitcoin industry. It remains to be seen if this is actually the case but for a statement to be made then I would suspect that they have evidence of this in their recent testing.
As or quantum computers I agree, also it would make bitcoin worthless, in my opinion, due to if you were the only player capable of getting them then by default no one else would want them.
Eddie i took all the figures from the broker note issued this morning, not a ramp but broker notes have to be run past certain criteria. I did also state success case but a lot now happening on Timor Leste so either way a big uplift in sp if the drill goes ahead imo.
atb.
Success case for 510m boe would be:
lower end ( $1.3 ) = $663m Upper end ( £2.5) = $1.275bn
So sp, in £pence, ranging from 3.49p - 6.7p with 18.98 bn shares in issue.
Obviously with JV sweeteners this could be slightly diluted but, and I stress a successful case, the upside, from here, is a multiple of between x 45 - x 150!
The broker note states $854m, they have used the lower end $boe, and even that gives 3.7p.
Worth a punt at theses silly prices and just to say this does not even include Dunrobin with circa 202mboe.
atb.
A whole raft of good news included within the rns just wished then that they could have updated some of it at intervals to buoy up the sp rather than let it drift. This really is a positive rns, there should be more updates than having to wait for an interim but nonetheless it shows things have been happening behind the scenes with quite a lot of potential.
The last 2 words on the Proactive Interview by FG were 'our partners' not find a partner. The official wording of 'Our' is as follows:
'Our is a first person plural possessive determiner, meaning 'belonging to us'
'A word that indicates possession ( telling you whom or what something or someone belongs to )
FG therefore views them as such and I suspect an official announcement of a partnership /s will be announced 'in due course', possibly this side of Xmas.
Fleccy, sorry to disappoint mate but its all genuine, other guys in GGP made more than me. It was a one in a lifetime hit that and GGP made headlines for making normal investors millionaires. The sp was 0.5p and I put in £55k,it bubbled around for ages and went to highs of 1.31 for approx a year or so and did nothing. Then a blockbuster rns stating that Newmont had pulled out of a 'no brainer' first refusal to JV, this sent the share down 77% at 8 am following the rns. I stayed put and watched my 11m shares hit 38p a couple of years later and stay there for approx 2 - 3 mths.
Others made far more than me.
I got out of RBD which has no connection whatsoever to GGP or QBT. I have no reason to lie and my only point was that I stayed in a share ( GGP ) when it nose dived to reap huge rewards 3 years or so later by being patient. That's it.
One answer, I will not be trolled.
Was mentioned in depth in one of the rns's a few mths ago ( might have been the broker note, can't remember ) as to what we were 'working' on. As others have said FG / Team have got round this now on the 'Chinese' set up which opens up the whole of market ( 75% Chinese / 25% Intel / others ).
It's still positive in the direction they are moving just testing the patience of some holders / non holders which is understandable.
As stated a few times I held GGP for 3 years when a sh.it rns dropped and 99% of people bailed, only to see £4m hit my bank account through sticking with it because I believed in it. I have the same outlook on QBT.
atb.
Francesco actually says this near the end of one of his recent podcast interviews as an afterthought to the main conversations concerning other topics. He actually voices it, so that is what my post was concerning a recent statement not something from a couple of years ago and in text.
This has to be Peter Fuhrman in my opinion. I do not think the quality of a website will have any bearing if semi conductor manufacturers see proof of a chip algorithm that could disrupt and monopolise the market. A partnership / JV with a global semi conductor company could blow the doors off sp wise even without mining news. Lots to come.
Let's wait and see, simply as that.
FG stated many mths ago we are at the advanced stages with a semiconductor manfacturer. This seems to have been overshadowed by the talk of patents, mining, increased speeds, potential partnerships in N America.
I have said all along I think the appointment of Pete Fuhrman over a year ago is a big a deal as Vlad being appointed Business & Development Manager.
Pete has over 30 years experience in the Semi Conductor Industry particularly Germany and China where he has been based for many years in direct involvement of chip manufacturing. We may have to give a good % of our new found algorithm to secure a JV partnership with a global company but even a 25/75 ratio will be worth a fortune if it becomes the 'to go to chip' within the bitcoin mining industry.
This is a completely separate potential for exponential growth to the sp than direct mining or partnerships with miners if a deal is secured. Advanced stages suggests it may well come to fruition.