Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Back at the last time of Dynasty talking IPO, our share price went to in excess of 0.55p, so the market saw much more value than the current 0.24p NAV based upon 2019 valuations.
Like you London, I'm a little suspicious as to why Tony hasn't bought in with the promise of so much potential.
Refreshing to see some interesting, thought provoking discussion on here for a change, with opinions, way better than the usual copy and paste brigade
I don’t think we should continue using the words unicorn and Satoshipay in the same sentence though. It gives a false impression. It was said once by that useless guy called meinhard several years ago, who is now (thankfully) no longer running the show
That guy had about as much business acumen as a frying pan
Very much aligned with all you said, BB, it's just about SPay and Dynasty.
my thought process actually starts from Dynasty, and assume SPay is basically for free here.
What i like about Dynasty: the sector, the geography, the C-suite, the investors involved in the pre-ipo fundraising, FCF positive (allegedly). In april 21 this business was valued at $50m. In these 27 months it became FCF positive, expanded, established new partnerships where it extracts 4x the revenues that the initial SaaS model was. All in all, I wouldn't be surprised that an ipo valuation (2024?) or the one from an acquisition to be closer to $100m than $50m. This means 0.17p-0.20p to BlueStar. So Dynasty, to me, is worth more than the current mcap.
Everything else seems for free then.
While I sense Googly and Paidia are also probably worth more than the 60k each as per the balance sheet, they seem too small to become meaningful. So im not considering them.
SPay - I have no clue what's worth. It's generating little revenues as far as i understand, so it's all about potential. What i do know for sure is that it is worth more than 0. And I think it's likely worth a multiple of what it was in 2019 (i.e. pre-covid, and pre crypto/blChain explosions).
To summarise, my personal view is Dynasty could be worth $85m+ and SP $50m, today.
Which i think means is around 0.4p. Granted, I can easily be too conservative here (or too optimistic..), but thats what i think is reasonable until i see some hard numbers.
One important thing i cannot reconcile though is why Fabrizi is not buying shares
You look relatively new here London
you have done a little research , fair play to you.
Blue Star has never, neither will it ever be, about Guild ( crock of sh5t) or stahler
its about Satoshipay.... disrupting FX market (Nabla), micropayments and cross border payments.
quite how Satoshipay valued, who cares, the market and its participants, will take care of that. must be many forward looking companies in payment sector who can see value in AMM , FX and cross border payments amongst other projects.
its not a Unicorn as was once touted however there is value that is not even remotely reflected in BLU share price.
its also about dynasty , the 50/50 venture in India , India is growing at 4x the pace of ANY other country in esports sector, so it would seem Dynasty, whilst remaining in the bunker on the comms front, have chosen their target geo and partner most judiciously and their execution timing seems good as it should be with that board of directors.
would rather see Dynasty IPO in H2 , seems best way to get full value for this asset at this moment in time.
cash not an issue considering partial or full sale of assets will shortly ensue.
the market can not argue with cold hard cash at bank, which will , finally, put a floor under the incredulous price. you would have to think even in a worse case scenario you could get £7m for satoshipay stake.
so at this price Dynasty is in for free, one assumes this maybe your thought process london ?
Fyi
one of the partnerships announced in April 2022 seems concluded.
Maxis Malaysia gaming platform (launched Feb 2022) shutting down: https://genggamer.gg/shop/topup/MLBB_MY.
context: https://www.linkedin.com/posts/davidrgrainger_maxis-introduces-geng-gamer-tournaments-to-activity-7001335502574432256-MqBD/?originalSubdomain=my
So, new "SaaS+" contracts (that we know of) are:
Partnership with Spark (NZ - 2022)
50%-50% revs agreements with Googly (India - launched in 2023)
50%-50% revs agreements with Paidia (Canada)
50% JV with LPL (Aus - launched May 2023)
Dist agreement with IOH (Indonesia, signed after this: https://www.globenewswire.com/en/news-release/2022/10/13/2533503/0/en/Pioneer-Signs-Game-Publishing-Agreement-With-Dynasty-Gaming-Media-Targeting-Asian-Telco-Market.html)
Agree cash might not be needed (+ could sell Sthaler, or Guild appreciates), but disagree on the numbers.
Guild stake is worth like 83k today. They have admin expenses of 112k for 6 months.
Selling guild at these levels is = to less than 5 months of expenses, surely not an extra year..
8m not 9m...
Concur with DaveTK
ZERO chance of cash raise , this was stated in last RNS and previous to that.
the company is funded until monetisation of assets, TF has been clear.
end of !!
Again, those 2 large sales this morning look related as add up to exactly 9m
You're probably right. Was just running some basic maths as considering entering here.
But i noticed the shift in tone between sept and march vox interviews, he initially said no future raise, and then "we intend not to raise if possible". Guild is half the value it was in september, so i think their cash forecasts have changed accoridngly and so his tone. Just a personal guess
No chance of a raise. None.
Cash at 31/3: 156k; admin expenses H1: 112k.
Costs until 30/9 look covered (+40k), Guild will be sold so another +80k. So recurring costs until March 24 seem roughly covered. However, there will be a fee to pay to the company asserting the value of SP.
Therefore a cash raise around end of 23 looks possible. What else can be sold on top of guild stake?
G20 discussing the future ;-)
https://www.theblock.co/post/240072/g20-body-sets-out-recommendations-for-regulating-crypto-assets-and-stablecoins?utm_source=twitter&utm_medium=social
Bank of America recently published a report entitled :Global Digital Assets
Beyond Crypto: Tokenization
Very interesting read: -
Tokenization - an infrastructure evolution
We are on the verge of an infrastructure evolution that may reshape how value is transferred, settled and stored across every industry. Tokenization is just one DLT/BCT application, but this one application may transform financial and non-financial infrastructure and public and private financial markets over the next 5-15 years.* Disruptive innovations like the radio, television and email took 30 years to reach mainstream adoption. We expect a far shorter road for digital assets.
You can read the full report here
https://rsch.baml.com/access?q=ZAysnRyxIqE
Will be sold in the fall to cover next 5/6 months of admin costs
3-4 days wages to some professional footballer. In the grand scale of things.... nothing.
£80k-£90k
Guild e Sports to be moving up very nicely with new deal ATB Jonno
It can only really come from 2 people who technically might not be losing money on selling. If people have been invested long enough they’ll know who it maybe. Technically it doesn’t really matter though!! They’re selling in big chunks again. Maybe whoever it is just needs the money to invest elsewhere right now.
Jesus! Where the hell is all this stock coming from? Must be selling at a substantial loss at these prices...
From the trades for the last couple of weeks it looks like one or two individuals have been unloading big time. Hopefully nearly done and we can start to move up again, especial if coincides with some news.
No definitely not, but it just gets boring.
No I didn't, fortunately!! Did manage to pick a few million high .12s and mid 13s so all good :)
I may add some more if it drops again as it's very cheap.
It's a gift when these sellers are selling so cheap.
Seems like some idiot is offloading again this morning at year lows.
Oh well, good for some, bad for others depending on how you look at it.
Thanks
There is nothing wrong with me reinforcing my points
My posts are Blu focused. After all, that’s what this board is for, isn’t it ?
On a seperate note
Did you pick up any more at 0.14 Dave?
Jesus Slugmum, you defo have a point, but a what point do you have to realise how boring you sound.
Yes it's frustrating, yes it's been a poor run of events.
But we can't stop people selling their investments.
I'm just as frustrated as you as is all the people invested here.
Have a day off.