The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
The End of Year results issued a week or so ago showed we are fully funded with nearly £6m in cash reserves. We are very well placed for several years with no need for extra dilution to keep the lights on. Dunrobin will be sorted one way or the other well before then, 32% of 200m barrels, 64m barrels net to Boil circa $80m.
Jambone, I think contracts could be signed within a month or so, I just wonder how long the process will take to actually program, for want of a better word, the mining rigs with our algorithm. Francesco did say it was a complex task and it will take a few months hence why we are starting right now. I think probably 2 to 3 months after contracts signed to actually be fully up and running and then a month or two to witness consistent increases of bitcoins mined due to our 'product'
This would be September / October for everything in place with known revenue stream figures that will provide QBT with an income.
Coupled with this I also expect around about the same time we will hear from a partnership with a semiconductor manufacturer who will agree to manufacture chips for use with our algorithm, this would involve decent concessions but as with GGP a 30 / 70 stake with a major player would be transformational for the company.
We may even get the Patent issues ironed out and announce that it has been granted and a percentage of monies from the Sipiem debtors who are still 'on the hook'. The sp should benefit from practically every news update that is released from now.
atb mate.
I find it reassuring that we are keeping pace with technology, apart from the density as a general rule of thumb the smaller the chip the more advanced are its capabilities. Seeing as we will be trying to find a semiconductor manufacturer we will be reliant on their chip and most companies are heading to 4nm and smaller. Makes us a bit more future proof imo.
Bamb he actually states we will start now as this will take a few months or words to that effect, that is if people are referring to partnerships in the US & Canada, which is what I allude to. That said he also stated, my words, that the semiconductor design program will be in tandem with the short term strategy, my take that whilst they are separate programmes one does not have to wait for the other to be finished hence my recent posts that we will get both transformational pieces of news in close succession.
atb.
Francesco was asked what is likely to be the next news to which he stated "Hopefully it will be about partnerships with the big companies" and that it will likely be a few months. So on that score I suspect a few means 3 or 4 months time. Would love to be wrong but cant see what we have that could generate an rns next week.
At a good stage of development in designing our own chip and testing the performance..." We are much further along than the markets realise, we will get 2 blockbuster news releases before the end of the year. If you think partnerships with miners is going to be big just wait for news of doing a deal with a semiconductor manufacturer which produces the fastest semiconductor chip globally WHICH can be applied to mining rigs.
I said this is another GGP in the making, I want to change that, This will exceed the sp rise of GGP and then some and that is not a ramp. This is going to be massive.
atb.
For the lth's it really doesn't matter Jambone, Francesco stated that most of his time now will be in securing deals and partnerships with the 'big guys'. The R&D is basically done, all that work, 2 years of it, will now come to fruition, I know that , you know that, let this chat board do its thing ,short term it will not change the outcome.
We have circa $10m due from the Sipiem Court case, I suspect Francesco expected it to be in the coffers by now or at least part of it. This is just a stop gap to allow everything to continue moving forward as planned.
Placings can be very positive for a company if done for the right reasons and if this takes us up to securing partnerships then it will be seen as a drop in the ocean to what we get back.
Jambone your post of 21:52 is spot on and the 2nd paragraph starting 'Dude' is as i recently posted don't underestimate the importance of the appointment of Peter Fuhrman, (Sep 12th PRN on website) to our foray into semiconductors. His appointment in this field is as important as the appointment of Vlad in the 'securing contracts' area imo. just happens to be the mid term strategy as against the short term.
Francesco's comments " I believe Peter will have a strong impact...due to his vast network that he has developed in over 30 years of International Business in the US, Europe and China"
"Currently Peter is Chairman & CEO of China First Capital...with expertise in China's Semiconductor Industry...also an advisor to one of China's largest listed high technology manufacturing companies AND to one of Germany's largest semiconductor technology companies..."
I have picked the bones out of it but the full PRN well worth another read. Peter Fuhrman is the guy to have on board when he is rubbing (and has done or 30 years) the shoulders of China & Germanys semiconductor industry.
My point Jambone is as you state in your post the chance for an international semiconductor manufacturer to get the chance to produce a world beating chip more advanced than anything on the globe for a cut of the spoils is one they can't pass on. Why would they if their sole business is in the world of manufacturing semiconductors.
The news of a deal / JV with a global chip manufacturer will be as big an sp rocket (further down the line) as news of our first partnerhip/s with bitcoin miners.
atb mate.
So no point designing one then, do you not think JV's or partnerships with semiconductor manufacturers is possible. Peter Fuhrer was brought on board for just that imo. Hugely experienced with Semi-Conductor companies in China & Germany.
Onwards and upwards and that's just the sp.
atb.
Listening to the proactive interview where Francesco talks about Long, Mid & Short Term Strategy it does appear that the mid term strategy of designing our own chip is actually quite advanced and further forward than I expected. He states we are now assessing our architecture for 4nm so we will know how good we are compared to the others. Important to remember FG has 7 teams and that we can work on all the strategies, long, mid, short at the same time, not wait to finish the short term before we can start on the mid term etc.
He does state in the interview of 2 weeks ago that he considers the Intel chip to be the most superior in the market despite one manufacturer having 80% of the market. He mentions Intel twice and I think he is hinting this would be their preferred choice of chip to work on with our own designs.
So whilst a few months away for the hopefully signing of partnerships with a big boy (or two), it may well be that news on production or agreed manufacturer to supply us with chips is not long after, possibly before Xmas, certainly an initial announcement at least imo.
atb.