Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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If you're going to copy/paste from twitter, a link and/or context would be useful. The reel icon indicates it's a thread - the 15 subsequent posts held the "useful" information
tldr: it's the ssdd. Forex is a big market etc etc
The SatoshiPay approach to business is like someone creating a football team, because FIFA make £5bn per year, so if we achieve 1% of that, we'll be rich. It's tried and failed nonsense, again and again
$6.6 Trillion is traded daily- Forex is ripe for disruption. 🔥
Yet forex trading remains almost entirely off-chain.
Why is this and how can #DeFi improve #Forex? 🧵
Big news being the TR1 seller
Doesn't offend PAS.
Just wish we could somehow get a valuation from it all.
Obviously holders are fed up and aren't prepared to wait much longer.
Blocks of 5 million sold a year lows say everything.
Oh well, big news tomorrow or Friday.
:)
Blockchain is changing the way markets operate.
While digital-native assets such as Bitcoin and Ethereum have garnered the most attention in the past few years, the concept of tokenization will promote growth and inclusion in financial markets more broadly.
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We have already seen advancements in tokenization use cases in the commodities, debt securities, equity securities, and real estate markets. As the tokenized asset market expands, it will enable these assets to be used in new and innovative ways, such as forex.
… sorry if it offends 😳….
https://pendulum-chain.medium.com/july-ecosystem-roundup-e3fad0af9d9
Well Hobsy1, that sell at .1166 is a year low, Ouch
5,000,000 at .1166 hahaha
Should just wait for the incoming big news!! Their loss.
Some more snapped up in the .12s today, thank you very much seller.
Thanks
Not being funny but how do you know good news is on the way this week
Very good Steamy.
Blow the share price right up.
Big = Good, right Dave? 🤞🤞🤞
Must be getting bad here, even Ragnarr is quiet.
Big news this week incoming.
Thanks
No LTH is happy with how this looks like turning out.
two things we should not forget
1...TF is not salaried, he came back to see the job finished after the disaster that was Del boy Lew, so fair play to him.
2.. BLU has enough cash and non core assets to see Spay sold and Dynasty to IPO etc.
its an asset play now, nothing more , nothing less .
anyone thinking Spay is still going to be a unicorn or a major player, should check themselves into rehab without delay.
shareholders should consider ourselves lucky if we get 0.2 for Spay = £10m as they have flattered to deceive every year of BLU investment.
so to Dynasty , this is where the market will move on the news we are ONCE AGAIN expecting from Dynasty.
will they IPO , will they sell , i dont give a rats a$$, as long as they do one or the other this Year.
approx 0.6 was the distribution phase for Blue Star back in Jan 22, with hindsight, LTH should have been out then.
ill be very happy to get 0.5, happy to get 0.4, disappointed but relieved to get 0.3.
its been a total sh5t show, the investment game sometimes leads down these roads, BLU had a lot of promise , delays and failure to launch (IPO) were the roadblocks.
Yep it’s ridiculous
If Satoshipay can’t deliver by the end of the year Tony F needs a plan b aka exit strategy
Monetise the other dribs and drabs where possible
If Tony can get 7.5mil for Satoshipay by the end of the year I reckon yes flog them.
The net proceeds would probably be our market cap
If Satoshipay don’t pull their finger out very soon, without any bail outs from Stellar it will be lights out for them
Didn’t they say they could be bigger than PayPal?
More like
All talk no trousers - & Mr Market is well aware and has priced accordingly
And the selling continues!
To make a market you usually need a buyer and a seller, all these sells and much fewer buys, who is sitting on all this excess stock. I would guess the MM's would rather be neutral on a stock like this so I cannot work it out? I would guess that a couple of the trades this morning were buys as they were just below the mid, but still a deficit of around 8m just today... Any thoughts???
@blu
Makes sense. Think they’ll do some sort of update in September so a couple of months to know where they are with Spay.
Googly is D’s partner in India, but is a very young company and wouldnt expect they make large revenues. That said I think the LPL deal has a real potential
@london
crypto (crypto related) valuations are highly subjective.
who would have suggested Bitcon would be "worth" $60,000, the emarket said it was, who are you or i to argue
same with satoshipay, if a company sees value in a buoyant market, they will pay for it, not sure the revenue matters at this stage, its about the IP.... the AMM , FX market angles ... would a financial institution purchase it all, to save reinventing the wheel in house?
Satoshipay have never covered themselves in glory, rather the opposite.... theyve covered themselves in sh5t.
they've achieved nothing yet, spent and raised a lot., however that's not to say that they cant achieve something and that some company will not pay for it.
its as though someone at Satoshipay thinks of a project and decide yes that will work, then they do the geekery and attempt to commercialise / monetise it only to find there is no demand.
if they've misjudged the FX market, then i think Satoshipay/Pendulum are done!!!
there is definitely value in Dynasty, would be good to know just how much they are "crushing it" in India.
DYnasty could/should be worth many multiples as they are selling into a massively expanding market and have the right product to do so, would be interesting to get metrics to ascertain how they are growing to give a relevant idea of multiple expected for IPO.
i don't see why TF wouldn't sell 50% Spay for £3.5m, currently carrying the whole holding at £4.9m. we have got the usual vagueness "the board believes the value of satoshiopay may have increased significantly" however TF's version of significantly may well differ from shareholders hopes for what significantly means... sadly its not likely to be multiples of...... we go back to pre pandemic days of Satoshipay being described as a sh%tfest, sadly it has proven so !!
an extremely poor return for a decade investment, on the plus side at least it will provide a return.
a few months to see what transpires.
Also it really is a matter of: would the board sell say half of its spay holdings for £3.5m (i.e 3.5x the invested amount)? I guess they could. So that’s your potential valuation right there I think
Well I’m just tryna connecting dots here.
Personally feeling much safer with Dynasty than Spay. spay I have no clue what can be worth, nevertheless I do think that probably nobody does. So, to me, Spay is perhaps worth the current market cap (just assuming it’s value increased somewhat in 5 years). Hope to be miles wrong of course. I don’t think they could have ipod given they barely have any revenue… again I have no idea how much is worth, and believe nobody does either. Hope is free, but any value for spay is a hope value atm. to me the company is worth 0.35p 0.40max
tf stated valuations prior to end of year.
yes indeed london, ipo conditions are improving as one would expect at the top of the interest rate/ inflation cycle, always good to be slightly ahead of the curve and trade into the upturn that will surely arrive q4/q1 '24, for how long prior to the next "shock" who knows, however the important thing is to get it done.
i am hopeful dynasty may ipo q4 latest, we must have a ****oshipay valuation prior to q4.
as slug has repeated almost as a mantra and who can disagree with him, spay have had decades to get to this point and even now they are being forced, its almost as if they wan t to be unknown forever, most companies have a goal of ipo'ing or gauging value via one metric or another certainly on an annual basis such that one can gauge progress..... not satoshipay, they hav e missed 2 opportunities for ipo, 2017, 2021. could have easily got a listing away in those buoyant conditions.,
sadly not and sadly we find that we go full circle back to the depths.
monetise the assets,
if you get only £7m for spay stake = £0.14...
dynasty ipo at us$100m hopefully us not au$ = £0.26
which takes us to 0.4,
a great deal lower than most of us had envisaged and hoped for , such is investment,
on a positive note lets get it done and "get the hell out of dodge"
neither satoshipay or dynasty have been pushed enough to deliver in a timely manner for blue star shareholders due to the oversight of not having a board seat on either company as part of a substantial investment.
both companies, despite significant seed investment, have taken far too long to provide a reasonable way for blu to monetise their investment, some may disagree, they are welcome to their opinion !!
Https://www.afr.com/street-talk/bankers-dust-off-ipo-candidates-as-redox-debuts-on-asx-20230703-p5dla8
The stated key goal for 2023 was/is to place an up-to-date value on the two main investments.
But they said in the H1 review they engaged with a specialist firm to determine only SPay value. I think it's highly possible Dynasty will IPO as soon as ASX conditions allow, and so its value will be derived by the market directly (and so no need to pay a specialist firm). And apparently those conditions are improving. Would not be surprised with an IPO early next year, given the new investors from April 2021 pre-ipo round. Hoping for a $90m-$100m valuation then
There is no assurance whatsoever that any substantive news will be delivered within the next three months - or even the rest of this year.
888 - ‘Tony f knows all about Satoshipay’
and??? Your point being? Then he knows what a travesty they’ve been
Like I said in one of my previous posts - at this rate they are odds on for a decade of doing f*** all - perhaps that’s an accolade you can print, frame and put on your bedroom wall
We are on nothing but a wing and a prayer here
Value is not proven until it is reflected in the price action
An RNS from Tony f saying Satoshipay ‘may have increased in value since the last valuation’ does unfortunately not prove value to Mr Market
this is getting very tedious now!
where are all these sells coming from...
we need to more than 4 bag from here just so all the director options get into the money!!!
the lack of news flow from both our main holdings is despicable, both are supposed to be super busy and pushing the companies forward in leaps and bounds, but we do not hear a peep.
the pen token seems about as popular as a fart in an elevator and no further news on spacewalk etc....
what a **** show!
I wouldnt say there are 12m users on dynasty platforms... LPL has 400k active users. They are targeting to reach 1m users with the new platform (designed, delivered and managed by Dynasty) in one year time.
As a context, Dynasty was expecting to make annual revenues of $10m in Q3 2021, hence the $50m valuation at pre-ipo raise in April 2021 was given based on that projections. With the next Saas+ revenue model implemented since end of 2021, they expect that 85% of total revenues will come from the shared revenues piece of the contracts. So, every new partnership will (potentially) bring in 4x the revenues of the old model.
I believe these deals are currently in place with Googly (India), Paidia (Canada, small), Spark (NZ, small), LPL (Australia).
The Malaysian one (Maxis) lasted 1 year and the platform shut down in June. So no more revs there.
On top you have the distribution agreements (Pioneer create games, Dynasty distributes and publish them; so far in Indonesia) for which we don't have data on the revenue generation. To be precise here, the first game was meant to be launched on IOH by end of 2022, but they took 6 months longer. Not sure about the dynamics there, as Pioneer is a shareholder in Dynasty (and BlueStar), and his CEO acquired a company (carbon capturing stuff) from Dynasty CEO not too long ago.
I suspect there could be a number of agreements which we might not know about, however the new Saas+ model demands a small number of clients as they have to build teams for each partnership.
So Id say the Saas+ deals are those that we know about, and in the background there are a number of "old style" deals (for which we get only a monthly fee), that they do not publicly disclose.
Lets hope so Dave !!!