focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
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I suggest you search for him on linkedin (as i can't find anything on him anywhere else, in particular... certainly no interviews, podcasts or discussions on biz, either at Angra - fair enough as a relatively new posting - or for Barclay Pearce Capital).
good to see that the class system still means the plebs doffing their caps in awe of the elite!
Where are you getting this guff about him being a (general) saint and working only for charity???
His a philanthropist, he doesn’t need money. So any money he makes has to kosher (honest money). Hence why I liked his appointment. He comes to ‘equity with clean hands’
Depending on his deal with GST his money could be going to his charity(s) or causes. They could even be paid in shares to avoid tax after his expenses.
59 years old.
I think this may be his last shot at making some more big bucks.
If I make it to 59 after a successful career I wouldn't want to be working much longer.
It's happening soon. Put your seatbelt on and get ready for the ride.
You know for people trading bitcoin they want lowest commissions as possible. For me I think the company needs to decide what % charge is best for traders.
You don’t get it anyway so why you don’t go and argue with someone else 😂
0.945
Fire in the hole
Santiago, what the feck are you talking about you loon!
I thought it was quite interesting
Well that is fascinating. Not.
Did anyone look at GDR The share price is identical to GST
I mean of 300 million not 3 million !!!
OK, but the fact remains that 0.05% of 3 mill is 150,000, not 1,500,000 !
Your right Kop. I was thinking 0.05% would be the rough margin.
Don't think they'd be getting 0.2% on every trade, (I know it says it on their website but a lot of other firms are 0.1% for big value trades). But as AHS did point out once, they could be getting commission on the sell and commission on the buy.
But why are you using 0.05 % anyway ? - in previous discussions on this topic we have used 0.2% haven't we ?
0.05% of 300 mill is 150,000, not 1,500,000.
Splattd ,well if you did get in at that low well done to you mate.🥳 it makes me feel good that I did not have to contribute to the last placing and I got in 10% below
Those numbers look about right, Sunny. Although we obviously haven't been told about the length of the Semnwet contract, I'd have thought 5-7 years was more likely than 10.
Working backwards to justify the current SP.
£18.5m / 20 P/E ratio
£0.925m / year
£17,788 / week
Coincodex average volume of GS20 Exchange circa $300m / day.
@ say 0.05% margin $1,500,000 / day. Weekends are quieter so multiply by 6 = $9m / week
$9m = £7.2m
£17,788 / £7,200,000 = 0.247%
So if GS20 is making any more than 0.247% of the figures quoted on the Coincodex website then we are undervalued on this element of the business alone.
Directors at NEO metals just taken over £100k… that’s what needs to happen here
A FEW FIGURES I'VE CHUCKED AROUND
Current Mcap £18.5m
30th Sept 2023 - cash and equivalents - $2.198m
Placing Nov - £847k
Recent placing - £1.25m
Acquisition of Semnet - ($800,000)
Cash burn H1 2023 was $737k
Assume from October to now same ($737k)
Making adjustments for exchange rates I make that around £2.625m in the bank
"In its most recently published unaudited accounts, to 30 September 2022, Semnet had a turnover of US$4.22 million and reported profit before tax of approximately US$0.21 million."
Semnet turnover 30th Sept 2022 - $4.22m
Assumed turnover to 30th Sept 2023 - allowing growth in rapidly expanding industry - $6m?
Future - $36m contract, say over 10 years worse case? GETTING ON TO $10M TURNOVER BUSINESS
5% MARGIN (AS 2022) - $500,000 PROFIT
10% MARGIN SCALING - $1M PROFIT
Anyone who has been invested here for some time sees this as nothing but a great top up opportunity. The board have proved to be world class at progressing this business!
I'll be a funeral shroud for me if it doesn't get a move on !
As our new Chinese lady may say: "Patience, and the mulberry leaf becomes a silk gown."
Next week.