Member Info for miker444

Notready1 agree with suthy, your post is spot on, it will be complex not to mention the trust required for existing mining companies to allow their current set up to be accessed by a third party. This takes time and is not just a case of a signature but likely our R&D teams will have to visit and spend time with the other company's staff before it goes ahead.

Not sure some on here appreciate the complexity and just throw a 'it's been long enough'.

FG will not be forced by the calendar nor an AGM to appease impatience, he is not of that character. It was that patience with saw an expected or hoped for 30% increase turn in to a multiple of 2.6 x.

When it happens it will be worth the wait.

atb.

Kylie, absolutely no mistaking that mate, all about Greater Sunrise being fast tracked for development and from the top echelons of Government. It is going to happen, load up now and sit on hands time to reap the rewards.

atb.

TGBWM, if it happens it will be a powder keg for Bitcoin price. The big Tier 1 asset management companies usually have a top 10 of global companies ( MarCap wise ) in their portfolio ( Shell, BT, GSK etc )and these for obvious reasons are the most heavily invested in % wise. I have seen 6% in 1 individual company but the yardstick is circa 2% per top 10 company.

This minimises risks but as you say considering there are $trillions sitting in asset management portfolio's a tiny percentage will be 10's if not 100's of billions making their way to BTC.

If it happens which suggests it will if BlackRock / Fidelity etc persist with re-filing correcting the reasons for refusal each time then Bitcoin it will just keep going forward in momentum and price.

atb.

Jc 123 appreciate your post was not aimed at me but I think the price was guesstimated by the brokers / Andy Yeo as well I believe. Pre-drill was circa $1.30 per barrel and post drill was circa $2.50 per barrel.

140m boe Net to BOIL would give NAV'S of $182m & $350m.

Therefore basic calcs would be aprox 1 cent and 2 cents, or 0.8p to 1.5p. Dunrobing can add 0.3p to both those figures.

It could be higher if High estimate volumes come in, the CPR was stated at being conservative as lacking some 3D detail other than Chudditch 1 ( from memory ) and this could double those figures. Very basic calcs but like you interested what other posters come up with.

atb.

Tyke my post below is from 3 mths ago, I too put Google down as a wild card:

Like many here I was intrigued by FG's statement in the Vox Podcast regarding the surprise manufacturer of Asic chips. I have listened many times and it's as exciting as it is frustrating to try and decipher the relevance, to QBT, behind it, if any.

I am of the conclusion that the emphasis is due to the identity of the company and not that we have signed anything with them (yet). I think the surprise is who it is and a totally new kid on the block who would not be expected to enter the semiconductor / chip market as against the expected likes of Samsung, Intel, Apple, TSMC etc.

It could be someone along the lines of Google, who are 'relative' newcomers to the mobile phone scene and may be looking to expand. Odds on it's not them but it does sound as though it will raise eyebrows when we finally find out who they are.

On that score I suspect FG has actually introduced himself and it would be quite exciting for a new chip manufacturer to be approached by the potential game changer that QBT could offer once testing verified and with the security of the Patent that will go hand in hand.

Just some musings to fill in the news vacuum while we wait.

atb.

Guys was there ever a written transcript of the Q & A's that was done a couple of weeks ago, no problem if not.

atb.

FG clearly stated that we have 2 NDA's with majors, it was said well over a year ago. I suggest anyone disputing this watch the Proactive and Audio boom Vox podcasts. It's all in there.

Kylie good find mate, it does appear the island of Timor is practically broke financially with extreme poverty, no infrastructure, poor education lack of all basics, even food poverty. I would not really take much notice from any government change but given that the situation is dire it does appear Gusmao has little choice that his only real source of the size of income required to build roads, education centres, hospitals etc can only come from the oil & gas that is sitting in their waters.

Quite a large part of that bulletin was about Greater Sunrise and the need to develop as quickly as is practicable, the tone seemed quite aggressive in the timescale, i.e. if Australia continue to drag their feet they will not hesitate to go to China. I know we have heard it all before but now that the election is out of the way he is free to move things along with either party. Interesting that China are more than happy to be a sole partner and go it alone and that several talks have taken place in the past. China really do back up the saying 'You have to speculate to accumulate' and are funding projects all over the globe, and heavily in Africa who have probably more riches in minerals of all nature than anywhere else in the world and know the bulk of African countries do not have the wealth or know how to tap in to them.

This then begs the question if Sundagas would then be thrown in to the mix of Greater Sunrise as a sweetener for any nation prepared to spend the volume of money involved to bring to production. It could be a silly offer as an outright sale or part of a JV scheme, more likely imo. Either way a final result for Boil.

As you state in your headline it reads to me its time to get things moving that patience has worn thin over the previous years snail's pace and that is now not going to accepted. It sounds as though the people of Timor will be expecting Gusmao to fulfil his election / manifesto promises.

atb.

Not sure in the case of a Sale that it will be a short term spike as the MarCap will re-rate to a NAV and the sp would / should reflect that we are worth $200m / $300m whatever the price of the Sale. I would also expect in the event of a sale that due to the size of the amount of money coming Boil's way that the Board would return a % back to the shareholders via a Dividend. This would see a fair proportion of investors holding on to their shares at least until they are in receipt of that. The Board also hold a large volume of shares and they would benefit as much as anyone.

I do agree that in the event of a JV the sp would see incremental rises at each stage of announcements, the JV, the drill, the results etc.

I am happy to see either situation unfold which will see the sp on it's way to, hopefully, a whole penny. Just need to sit on hands and be patient. That's my take and respect others may disagree / have other views but then this is a chat board.

atb.

Well spotted Garwool, it needs the approval of all EU member states which may or may not happen this time round, but what really comes through for me is a resignation of acceptance that 'if you can't beat them join them'.

I think the penny has finally dropped in the banking sector and Govt finance dept's that digital currencies / crypto is inevitable, sooner or later it doesn't matter, and if they do not face up to the reality then they will be left behind.

It also, to me, gives a feel of panic that the banking sector globally is in deep ditty and they see this as a possible lifeline which can shore up and strengthen their position if safeguards are in place.

My take, the banks need crypto more than crypto need the banks and, as much as they might not like admitting it, that's the harsh reality of it.

atb.

Be interesting to see if the trading ( albeit futures ) on Tuesday will have any effect on the Bitcoin price. Irrespective it does appear that governments are aware that there is a place for crypto currency after all. The US have been the staunchest in opposing imo and this is a huge first step of both recognition and conceding the inevitable. It's highly significant and we may well look back that this what was the spark that lit the blue touch paper.

Ignition... we have take off! :¬)

atb.

Some good posts, Addison as Savvy said good summary (06 45 post) but you forgot the 'advanced stage of talks with Semiconductor companies' who we may well partner to put our algorithm on a new industry disrupting 4 nm chips.

If we can be in cahoots with a major at producing the 'go to mining chip' then we will be recognised globally., and the sp might just ...how shall i put it.... Go To the Moon :¬)

To remove a post Admin obviously viewed it as against the rules. I did read it and basically a personal attack on Francesco's integrity as it stated Francesco raised the placing to pay his own wages, hence fraudulent, it was both defamatory & libellous.

Addison both methods A & B are both described as Plug & Play by Francesco in the updates so is it possible for it to be connected to QBT main server, either way it does not sound a too difficult task once partnerships are agreed.

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.

Jarv, many thanks , I registered as soon as it was offered. atb mate.

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.

Forgot to say I agree with Jarv, better to drill and confirm up / de-risk which should command a much higher sale price per barrel.

Basically that puts a sale of approx £340m. Due to shares in issue we need £189m for each 1p in sp, so not unachievable.

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.