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Unusual for GST it’s whisper thin and historically always signals a breakout here. We are now well under the placing price of 1.05 so this is odd indeed. Feels like a rubber band being pulled back and ready to ping any moment! IMHO DYOR GLA
We are weeks away from finding out how things are progressing. In the meantime other information could be dropped on us, we have to wait, and whilst this is on going I will collect more shares
It's more the fact that there are 'some' who pile on to others who are just '105ers' when everyone is pretty muchdoing the same.
the mountain is that most of the 'opinions' on things like financial cover for stablecoins suddenly, after thousands of posts, becomes apparent that GST don't intend to operate as a bank using fractional cover for their stablecoins... how long did TGAT take to be discussed here!
Kat I can assure you whether you believe it or not, makes no odds to me, I've simply been adding on the lows to a very substantial amount of shares now. One day this will take off and keep going imo, so I simply don't cry about drops in share prices, as I believe it won't matter long term. Still heavily in profit here without trading a thing.
You'll remember me saying a while back that I don't blame trading to get as many shares as you can, it's just not for me. When I trade it's on daily movers for a quick buck.
I have traded this a bit but now holding and expect a good jump from here in due course. If news comes good then 20 -30p quite possible over next 12 months. However, patience is needed.
Kat . I stopped trading this the backend of last year through to beginning of this, since then I have traded a few but mostly
bought the dips. Its not a crime to trade AND YES I'm a long term holder (as I to was expecting news in the new year like many)
Don't shock horror a mountain out of a mole hill
Can't backtrack now. i think it's what everyone except noobs expected. there isn't ANYONE here who isn't trading the bejeezus out of theis.
just some folk are a bit more honest about their intentions.
trust everyone else will remember this conversation.
Lol, gotcha!
WHAAAAT! you saying you're a trader too?!?!
SHOCK, HORROR!
well, that puts paid to all the bs about being lth, along with the other 'long termers' who all do the same thing but pretend to be something else.
Did we?
And yet we both missed out on a 1.45 spike opp to sell and to buy back in at a 35% discount!
guess that makes both of us ignorant of the chances that slip by.
We know, you tell us all every day.
You're just a trader who doesn't have a clue about the company, you just watch the charts all day every day and drone about support levels.
Well, the current sp doesn't, if that helps...
Whatever makes you feel happy Kat.
I think the fact that at least a couple of responses talked about fractional reserves in response to my original post, does prove your point. not quite in the way you think, though...
Rog why are you asking questions we don't know the answers to yet?
Do some research of the whole point of the GS20X then come back to us.
Some people honestly comment about something they are clueless on, Kat is the same.
I think most people would like the SP considerably higher!
But without news or confirmation this will continue to slide lower sadly!
“Top up time” as our resident rampers would say!
Lloyd - where have you seen figures that inform us GS20 has the requisite liquidity to back stable coins? I thought this is the single reason the sp is struggling at the moment ie no one knows what the true income or liquidity figures are yet. GST haven’t published anything other than saying it’s ‘ in line with expectations…’. That could mean absolutely anything so I think big assumptions are being made here that everything is on track, generating loads of income and FCA approval is imminent. In fact none of these issues are known because the company tells us so little about what’s really going on. Generally that isn’t a good sign so, whilst I’m still optimistic about further down the line eg 5 years time, I’m prepared to take a more realistic stance on the company’s progress thus far. The recently appointed Lord, hailed as a catalyst for great things, appears to have done diddly squat so far. I’m also prepared for the July results to be rather disappointing but…imho this is a long term Play and will eventually come good. Really good. But just not in the next weeks, months or even couple of years. More like 3 - 5 yrs. Company needs to improve its PR and comms and is a contributing factor in why it’s witnessing competitors stealing a march on GST. I was hoping GST wd be the first to gain FCA approval for stable coins but it looks like that’s not now going to happen.
Patience required but, as with all things, time will tell. Personally not enjoying the sp dwelling below a penny so would love to see it settle back above the placing price.
It's not 'any' singular transaction but all the potential transactions. which means covering all the stablecoins that would be issued. not sure how you can say it's already covered... 'just needs scaling up' is doing a lot of heavy lifting. means very litle until there's proof that the 'scaling up' is proven. every company could say it 'just needs scaling up' to become profitable.
daresay results will be the proof of it, either way or at least give folk a better timeline for likelihood of stablecoin approval?
GS20 give them the liquidity needed to settle the coins. The whole set up just needs scaling, the stablecoin ecosystem is all there. GS20 has more that enough liquidity to settle any coin transaction, and with their new vaults now has the security needed
This is where GS20 comes into play, like the BoD have already alluded to.
Research is key ;)
,,, and i guess that shuts down the discussions here, at least, until there's some nows about the 'potentially' acquisition!
Thanks, Jiffy.
just shows there's still a way to go... hence the acquisitons (plural). suspect the rises folk are looking for will be spikes on potential rather than imminent neobank status.
funny how all this info only materialises once folk start wondering about the struggle for the sp to keep moving forward!
GST Prospectus page 34, item C, note No fractional reserve system like banks use.
'GS Money App, a mobile neobank application offering fee-free cross border payments. This new payment service is intended to use regulated stablecoins and blockchain-based 'bank accounts' to instantly transfer value between US dollars, Sterling, Euros and Chinese Yuan via a mobile device without foreign exchange mark-ups or additional fees. Once launched, the GS Money App intends to operate as a European Electronic Money Institution (EMI) licenced service, subject to the appropriate approvals being received. The GS Money App will not follow a banking/lending business model and it will not be engaging in fractional reserve practices as undertaken by banks. The cash reserve will be transparently managed by an EU registered entity that is yet to be established or acquired. Every stablecoin token will be backed 1-to-1 with real currency.'
Kat you need to do some more research.
Banks hold a fraction of their liabilities in cash, it's bigger now than it used to be as its what caused the demise of Northern Rock for instance