The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
I am positive, that's why I'm heavily invested here. But I'm also realistic. And I'm fully aware that FG can promise the earth, but until he actually starts delivering, the share price is going nowhere. If you can't see that, so be it.
I could come on here and spout the well worn cliches:
This'll be 50p by the end of the month.
I wouldn't want to be out of this over the weekend.
The mm's are holding this back.
Watch this fly once the shackles are off.
I could go on, and on, and on, but that kind of talk, which you no doubt relish,truly is tedious.
As far as I'm aware, the publicity agent doesn't work for a company, he's a one man band, so there is no 'their' website it's his.
That apart, there's no reason why qbt shouldn't feature in more detail than it currently does.
He's said in the past that he's in daily contact with FG, usually by email. And he does read this board. So any polite and reasonable requests and suggestions wouldn't be falling on deaf ears, and could very well be considered and acted upon.
No one knows for sure what will happen when all bitcoin has been unlocked. It's not beyond the realms of possibility for more to be made available.
But they'll still be mined this decade. The final 3% wont be exhausted until the next century.
There's always going to be a demand to process transactions.
This rise, although welcome, does seem a bit meagre. We've gone a lot higher than this just riding the btc wave. And we've been 3x higher than this on pure hype. I do understand it in the respect that we're still not making any money, i.e. we're not mining for ourselves, and no one is yet paying us for our 'products'. But I'd have thought that that rns would have warranted a more significant rise.
Hopefully that now the type of news we've been anticipating has started to roll in, the price will have more strength and wont drift back towards a penny before the next news hits.
I agree that October is going to be substantially quieter than some on here are expecting. But I do think that the right news is still worth waiting for.
I think that by the end of the year it'll be a lot clearer as to wether this company is likely to deliver or not.