Member Info for miker444

Thanks Davies, apologies didn't see your response, i just wonder if people would wait for the dividend which could be substantial, I would expect a 1p return via dividend if the sp went to 4p.
atb.

Just curious, CDF1 if the sp went to 4p but we were told that a Special Dividend would be issued in 3 mths time would you hold or be too tempted to sell, genuine question for the bigger holders.

Whilst not certain if a one off special dividend is offered that alone could be substantial for the bigger holders and will most likely prevent an immediate sell off on news of it if its a couple of months down the line before issue. Quite possibly we could have our cake and eat it. Apart from Rob who we know is holding 300m ( ish ) be interesting to know who is holding how many shares.
atb.

Grill79, more than happy to corrected on dividends not taxed within ISA, knew there was no CGT on ISA's but thought Rishi had stated recently that dividends would be subject to tax irrespective of being in an ISA or not.
Very Happy if that's the case and apologies CDF1.

Sounds good but yes you'll need an accountant, dividends taxed even when in an ISA :¬(
That said, a nice problem to be had.
atb.

Agreed, but might be worth considering, before hitting the sell button, if we, as some have suggested, could be in line for a one - off Special Dividend. If circa £300m - £500m hits the coffers then I think it is highly likely that the BOD will want to return a decent % back to shareholders, anything from 25% - 40% is possible, so could see 0.5p - 1p a share returned.

A big return for those holding a significant amount, even with tax deducted you could see a windfall of £100k+ on dividend alone with 36m. As you say feet on the ground and nothing guaranteed but it doesn't hurt to dream.

So sp of 2.78p and you'll be a millionaire, might get pretty close to it
:¬)

CDF1, how many are you holding now mate?
atb.

£23k, £17k, £11k buys coming in last 20 mins, numerous £5k+ also, should see a move up fairly soon.
atb.

It would, we could put the profits in QBT :¬)

Addison, regarding the twitter post, with shares in issue, every £189m is needed for every 1p in sp. As a yardstick Corallian sold 189bcf ( 33mbbl ) to Shell for £32m so it went for nearly £1 per barrel, I remember, as an RBD holder, that investors were fuming to sell it so cheaply but my point here it gives a recent price deal to gauge it by.
We could end up with circa 598 mbbl net to BOIL if the 5.56tcf ( 3.89tcf recoverable ) is confirmed by ERCE.
Andy did state 'for the right price' so its a question of the negotiations but even £1 per barrel would see an sp of 3p ish, every 10p a barrel higher than £1 sees an uplift in sp of 0.3p.
It's all ifs and buts, however, if ERCE's CPR comes in close to BOIL's expectations we could see a few pence provided Andy can negotiate a 'fair' price, may even get a 1 off special dividend.
atb.

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.

Morning Suthy / RhHh, yes very well, still here and still holding , just waiting for news as are we all which I believe will be a continuing positive trend in reaching FG's aims.
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 / Pcc7 thanks guys, appreciate you taking the time to reply.

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.