Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Pires Investments plc (AIM: PIRI), the investment company focused on next generation technology notes today's announcement by NFT Investments plc (AQSE:NFT) ("NFT Investments"), with regard to Pluto Digital plc ("Pluto"), a company in which Pires holds an investment.
NFT Investments, which is quoted on the Access segment of the AQSE Growth Market and operates as an incubator specialising in the market for non-fungible tokens ("NFTs"), has announced that it has entered into a non-legally binding letter of intent to acquire the entire issued share capital of Pluto.
NFT Investments believes that this will create a global metaverse company and advance the activities of NFT Investments in the NFTs sector as Pluto has already invested in NFTs and NFT gaming.
NFT Investments is proposing to acquire the entire issued share capital of Pluto for a consideration to be satisfied by the issue of 2.4 billion ordinary shares in NFT Investments ("Proposed Acquisition").
Based on the closing mid-market share price of NFT Investments on 21 January 2022 of 2.475p and the 638,237,192 Pluto shares in issue based on the latest Companies House filings, this equates to an indicative price per Pluto share of 9.3p.
Pires holds 32,518,876 shares in Pluto which are carried at a valuation of 6p per share based on Pluto's last funding round. Pires also holds warrants over 24 million new ordinary shares in Pluto, subject to certain vesting conditions, 6 million of which have already vested.
Based on the price of 9.3 pence per Pluto share referred to above, this would value the Pires shareholding and vested warrants in Pluto at approximately £3.2 million, compared to the current Pires book value of its Pluto investment of circa £2 million.
The Proposed Acquisition would be a reverse takeover of NFT Investments under the AQSE Rules and shares in NFT Investments have been suspended from trading until the proposed acquisition of Pluto is completed. The acquisition is conditional on certain approvals and so there can be no guarantee that the acquisition will complete. Furthermore, the ability of Pires to realise its holding in NFT Investments will depend on prevailing liquidity at the time. However, it should also be noted that NFT Investments recently announced that it had submitted an initial application to list its shares on the NEO Exchange Inc, a Canadian stock exchange based in Toronto.
Should say book value of two million
RN S now out showing value of just over 4 million to Pires double the book value of 3 million
Company now looks undervalued
Seems light,….please what’s your workings for arriving at that value ?
Also it’s unclear how the warrants will be handled…..
A quick calculation is about 3.5m
bought in first time here atb
my pockets aint as deep as some here, but pires have 29.1m shares in Pluto . Bought for 6p on avearge i recall (including nominal price of YOP that was used). This the pluto price based on value of £96m = c18p (based on 512m shares in circulation)
Just spotted this RNS…..very interesting news…..need to digest implications for PIRI.
https://www.lse.co.uk/rns/proposed-acquisition-and-suspension-of-trading-n3v7jiqwha5xquo.html
Anybody know what our investment in PLUTO is worth now that NFT have bid £96 mill?
Just as a follow up. Sure Ventures which PIRI holds such faith ,its share price is moribund and been stagnant for comfort as a PIRI investor. even showing weakness from recent highs, not good signs for a Company investing in the "next big thing" Sure Ventures should be the PIRI bellwether investment if PIRI share enhancement is appreciable. For now there are few PIRI share enhancing un speculative positives.
ECO is going from strength to strength with a strong share price support. Should PIRI have continued with its investments in ECO which could have increased existing shareholder value ?rather than the speculative portfolio it finds itself propping up with ever increasing fundraising without any incremental increase in obvious income stream enhancement. Most of the capitalisation is supported and propped up with continuing secondary offerings without the appreciable share enhancing income and profitability returns. Until substantial near future returns materialise PIRI is best to be avoided in my boring ignorant humble opinion. Too many cash calls with too many caveats for any worthwhile short term share price appreciation. Speculation of IPSs fizzle out like last year's November sparklers. Just an opinion and Corporate observation.
Cameramatics goes from strength to strength with 2021 revenues up 167%.
Further growth expected across 2022 ...
CEO goes on to state-
“We had quite a few a crazy valuation acquisition offers during the year which also demonstrated the value of the business to our current investors and highlighted to them the potential size of the opportunity we have and how much their short-term investment had made for them,”
https://www.irishtimes.com/business/technology/cameramatics-to-raise-up-to-20m-as-valuation-soars-1.4766651
My first post on this board with first dip today in Pires. This looks to be an interesting company and I hope it can do well. Also in Blue Star Capital who are riding a wave at present.
90% above SVV raise level!
What’s not to like??
:-)
Posted by Future Wealth on the RGO board.
“ The value of the listed tokens has increased by an average of 600%, this means that the $2.6m invested value into traded tokens is currently valued at circa $16m.
Summary of some of our best performers this year:
• XCAD 10c to $6 = up 6000% from price invested (down 30% from peak)
• Sidus Heroes 0.18c to 6.8c = up 4000% from price invested (down 40% from peak)
• GGG 20c to $4.50 = up 2000% from price invested (down over 70% from peak)
• UniX 4c to 60c = up 1500% from price invested (down 60% from peak)
• Splinterlands 1.8 to 21c = up 1100% from price invested (down 80% from peak)
We also own a significant number of NFTs, some of which are connected to the gaming projects into which we’ve invested, others being from either PFP or the wider Art space. This portfolio has also performed very well, particularly those projects acquired during Q2 such as Bored Ape Yacht Club (BAYC) where we picked up 5 in the series in the 1 ETH to 5 ETH range. These now have a floor of over 50 ETH each.”
So, $2.6m to $16m (after crypto pullback) but that doesn’t include the crypto they sold as part of derisking.
Spikes do NOT last they say and has been true
Reached 7.25p this morning on the spike of +1p
Philip Haydn-Slater, Non-executive Chairman of RGO commented:
"We are pleased to note the excellent progress made by Pluto. By way of its strategic shareholding and joint venture with a leading UK-based computer gaming software studio, the company is now entering the exciting P2E market, where it intends to release a suite of blockchain-enabled games.
Pluto's Ventures division has also reported the value of its listed tokens increase significantly with a strong performance across its portfolio of NFTs, when NFTs are continuing to gain increased mainstream attention.
We firmly believe that our investment in Pluto will continue to grow in value as the company implements its growth strategy."
Looks like Ashok Patel the seller who was holding back the share price is out
He must have been a forced seller to be selling at rock bottom prices but clears the way with all the news to move much higher
6.15 paid
6.048p is as much as I want to pay today, so if some obliging profit takers could sell a few now, please, I’ll be looking to pick up a few more at about 5.8p.
Thank you in advance.
5.70p +0.40p 7.55%
Pires Investments - Update on investment in Pluto Digital Assets plc
Metaverse acquisition and joint venture
Pluto has recently acquired a strategic holding in a leading UK-based computer gaming software studio which marks its entrance into the Play2Earn ("P2E") market. P2E refers to the concept of gaming in which a platform provides its players with a chance to earn a form of in-game assets that can be transferred to the real world as a valuable resource. P2E has become an exciting area of cryptocurrency, with the initial P2E games securing substantial token market capitalisations, such as Axie Infinity (market cap of $6 billion) and Gala Games (market cap of $3 billion) .....
https://www.**********.co.uk/rns/announcement/9d1c09dd-df82-45f8-95f4-35b1d49c9443
a trade that could be the last of the end of overhang ( seller ) 1,64M
16:48:19 5.00 1,640,000 £82.00k
The fighting of a seller v new buyers went on again this morning, but finally could be over
A good 100K buy after I posted around the good Opportunity as the Level 2 was so good and 5 minutes later the large buy ( MM size was only 15K ) took the one at bid and then there was a follow-through, and so far are all buys, though looking at trades does not seem like, due to the large spread, more MMs are at bid now 5p
New interview today - Not had chance to listen myself yet but thought I'd post the link
V O X Mkts - You'll need to edit below
https://www.v**markets.co.uk/articles/traders-cafe-with-zak-mir-nicholas-lee-director-pires-investments-f68eefc/