Apologies for the absence all, my day job got in the way. Right where are we? Oh yes , just relax FG has already put it in the RNS we are about to become a miner shortly. That its from me for a couple of hours ...back to my meetings,
BTC mining is HUGE as no income generation has been built into this share price and as Addison states sector valuations on minors should be around 10X , 20X and 50X where we are now. How many miners do you know have their own inhouse developed patents.
However, readingf the RNS it does appear FG has made the decision to start mining after testing which is an absolute game changer. The moment he releases that news alone the share price will rocket, as mining equals revenue= sustainability
Agreed, Qbt is dealing with probably one of the most complex areas on AIM, howwever as punters we cannot appreciate it.. Whatever we say on here means nothing , FG will manage the company as he sees it to maximise success. He is even asking for patience himself from us and thats what i will give him. I am in no hurry whatsoever as when Qbt does release real results , this will do the talking.
I feel FG gave us all he could without patents being filed. Once the patents are filed he will open the taps. He comes across as quite a shrewd operator which i like. The short term will be choppy which will soon pass.
Yes that was great news and unexpected aswell. Did not expect them to be mining so soon. It just depends on how long the testing period will continue, which i suspect will be another couple of months given the complexity of the task
Agreed Bantutrader, maybe more once they start mining. If BTC can hit a bull run that would also help consierably. Right now it is in a bear territory which will hopefully turn around in June at some point fingers crossed.
RE: MagnumPI....I find it funny that being uncertain......23 May 2022 18:39
The patents will be filed soon enough then we will know a lot more. FG normally gives away a little in the proactive interviews which will be very welcome. "more importantly Qbt will be mining shortly after testing " - thats good enough for me As mentioned before junior mining companies are valued in the $bn's , and Qbt owns the patent aswell. Qbt is currently valued at around $23m ,......
I noted the refrence to more frequent communication and patience, which suggests more news is not far away. It feels like he will open the taps when he feels secure that the patent is safe. The reference to a step change in bitcoin mining is an interesting one and a very exciting one as he has been alluding to this for some time now as Qbt is attacking the sector in a much smarter way.