Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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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)
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 ?
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
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
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.
Tony’s equity interest is in the form of warrants which were awarded in January 2023 for a period of 3 years.
He has 140 million warrants exercisable at 0.35p and 30 million warrants exercisable at 0.45p
The sp therefore has to be considerably above the current sp for it to be worthwhile for him to exercise. I don’t think he gets paid very much so unless the sp gets back to previous highs and above he is not going to get much out of this. He is incentivised to get the sp considerably higher. Tony has been here since the beginning and knows all about Satoshipay. Perhaps he could rekindle the old plan to back Satoshipay into Blu in order to use BLU’s listing.
Nothing stops him from buying at 60% discount from those ex prices.
If i had an asset which i believe is worth more than 35 (or 45), and the price is 14, i think id spend less than 50% of the money and buy those 140m shares at 13 for 40% of the cost. no?!