The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Further to my post yesterday about blockchain, tokenisation etc, this evening I’ve been trawling the website of lab.lybrion.com.
As we know, Lybrion is the other company of Dmitry Suschov.
Amongst the upcoming investment opportunities being proposed on the website, is a company called Green Metals.
Apparently, Green Metals is to be a multinational exchange platform and a company that trades in platinum group and other precious metals.
The company will issue hybrid tokens combining the rights and functionality of stable tokens, backed by stocks of precious metal ingots, and equity capital tokens of the company's business.
Three points that maybe of interest to us as Eurasia shareholders:
1. The public sale to raise $50million as a fund raising goal for this new company starts on 01.06.2020
2. Both Eurasia Mining & Lybrion are on the page as (co-founder)
3. When you click on the 'Eurasia (co-founder)' name it takes you straight to the Eurasia website!
There are 5 other companies mentioned on the site but as far as I can see, they appear to have no links to either Lybrion or Eurasia.
All in all, rather interesting I thought!
Possible reversal of this business into EUA?
This is fairly worrying news, because the AIM Rule 14 may apply to a large investment in Green Metals. Acquiring an interest in Green Metals may constitute a reverse takeover and lead to cancellation of the EUA AIM listing. That would not be good for most EUA shareholders. https://www.lseg.com/sites/default/files/content/documents/aim/2018/January/AIM_Rules_for_Companies_January_2018.pdf
Morning LL,
Did you see anything about EUA making an investment in Green Metals ...?
Good work Wittering.
https://lab.lybrion.com/project/green-metals
Brookkers, this link describes Eurasia Mining as a 'co-founder' of Green Metals - https://lab.lybrion.com/project/green-metals
What does 'co-founder' mean? I suppose it may not imply investment..
Get a grip LL we will have a NOMAD by Friday. Stop worrying.
lhg, I do hope you're correct about that!
LL - I would agree it doesn't imply investment ... or a RTO, delisting etc !
LL.
Please refrain from posting anymore as you must by now be bouncing off walls as you continue to dig holes that lead nowhere.
You only have to wait until friday 7 am ( 4 day) and all will be reveal.
Go out and enjoy the bank holiday!!!
so you are saying your not worrierd at all.
delist and to be traded on Lybrion under green metals...Is a very possible option!
Hi GFD
Thank you for your commendation!
Also, very pleased that you too see the potential, massive significance of this development.
I can't understand why this is not the only thread of conversation at the moment.
As you say, it could be a 'humdinger'!
regards
Wittering
Hi GFD
All total guesswork obviously.
Like you, MT has to go to NN but I would love to think we keep a small free carried percentage - maybe 10% max.
West Kytlim goes into Green Metals for blockchain tokenisation of assets.
Like you, I'm too old for all this but I think I can see the potential. It would enable investors to buy and sell PGM's with almost no spread, direct from the source and the PGM's you bought would actually exist; either proved resources in the ground or in store on the surface. As I understand it, currently most ETF's in PGM's are just paper backed(?)
100% secure and you would in this case be buying actual West Kytlim PGM's.
Ground breaking stuff ! (pun intended)
Hi GFD
Maybe there is a role for NN and i'd like to think so as well. That would be covered by us keeping a small percentage of MT.
I think the slight problem with the theory regarding West Kytlim is that it is predominantly platinum and this plan works particularly well with trading palladium, as I don't believe there are many metal backed palladium investment options.
Interesting though!
Yes, it all seems to work, at least as a possible outcome.
I also like your explanation of why Singapore would suit any Chinese investments.
The link with Green Metals is interesting. If Eurasia buy a big investment in this company that could be a reverse takeover. Under AIM rule 14 our share listing is cancelled if there is a reverse takeover..
LL, stop with the conspiracy theories. Who would want to use Dmitry’s new venture if he screwed us all? You’ve only got a few days left to see what happens, I hope we get new Nomad but stay suspended until flanks licence is sorted, or MT is sold.
LL, I’ll take your other shares if you are interested. You’re doing my bleeding Nappa in.
LL im confused , easily done i know but how could that be a reverse take over ?
can you explain your thinking .
There you go LL, you can be out of EUA.
Anders_uk
Lionsgold had a listing cancelled because of a reverse takeover. The company is still trading despite their shareholders losing out due to that.
Is DS concerned about the PIs in EUA? Will the customers of Green Metals be concerned about the PIs in EUA?
Is DS concerned about the PIs in EUA?
Yes
Will the customers of Green Metals be concerned about the PIs in EUA?
Yes, because if he screwed us he could screw them. He can’t afford to have his name put through mud with EUA. On the other hand if EUA is a success story, what a great testimonial / reference to put on his new company website?
Pommy try reading AIM rule 14 -
https://www.lseg.com/sites/default/files/content/documents/aim/2018/January/AIM_Rules_for_Companies_January_2018.pdf