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This is becoming a daily habit now but…
Deccan 🔥
Long may this habit continue !
(Up 5% again?! Why is it 5% every day? Is there that much demand for the stock?)
Let’s be honest nobody trusts CP
Not likely imv, simply excuse this could have been done prior to lionsgold being booted from Aim.
This delist was orchestrated by CP, and without us merging /evolving into Tally, we would all be quids in and in the blue as lionsgold holders.
Nice work SM…we should have a few options in the weeks and months ahead obviously depends as you said on Deccan and gold prices…. I feel CP may still want a small IPO of a mill or two so that have operational cash flow for the year ahead… the self funded situation come March-April must be the door opener for Tally.
Was that not the price they were delisted?
The other, perhaps less favourable option (but on the proviso that Tally takes many more years before listed) would be to de-merge the Deccan holding and put it into a new company and get that listed on AIM
This could be done by mirroring the current Tally share register 1:1.
That would have a listed company valued at £16m and give us shareholders some much needed liquidity as well as giving buyers a way to hold Deccan via a UK stock exchange.
The price of gold is another minor factor in play here - If we break out and hold above $2000 an oz it could do the Deccan share price a world of good.
The above would push Tally back in terms of its valuation but getting over 50% liquidity of our shares would be a step in the right direction
I'd be interested to hear other posters musings on this subject
Great Post Slug.
It need to go on the shareholders site.
So I've carried out a small & quick illustration of how the Deccan share price can add to our bottom line.
These are all worked out on having 14m shares in Deccan and calculated using todays FX price for INR/GBP - figures are of course to be taken with a grain of salt as they will marginally fluctuate on a day to day basis
But as a guide
@ 100 INR/share - Value to Tally = £13.8m
@ 116 INR/share (Fridays closing price) - Value to Tally = £16m < - we are here
@ 125 INR/share - Value to Tally = £17.25m
@ 150 INR/share - Value to Tally = £20.75m
@ 175 INR/share - Value to Tally = £24.2m
@ 200 INR/share - Value to Tally = £27.5m
Deccans market cap is currently 17 billion, so with that in mind & as we know, elephants don't gallop, but the Deccan chart of the last few months is certainly putting that adage to the test
I am fairly certain Cameron would not have been expecting Deccan to rally as it has done. He did say in a previous Q&A that the 30m listing requirement was a 'high water mark' however as we are within touching distance (due to the help of Deccan) he should really be getting on with things and fast tracking to get us listed again
30m market cap for Tally - becoming listed with current shares in issue (760m) would put us at 3.9p a share. For me & at my age, thats life changing money
Also its far easier to raise capital when you are listed on a recognised stock exchange!
I know he said that all of his staff held shares in Tally, surely they want to see their holdings in a liquid state too
I hate to say it but if we went down IPO route there may also be a higher chance of there being... dare i say it... a lock in period. We've already done a 5 year lock in period. We don't want lock in period after lock in period!
Food for thought
Thanks Bb
Ask him come to the next Q and A and put it to him. He's flapped about for long enough with this listing issue.
I meant short term….as in next month or so
Settles at 125 130?
We want it to skyrocket over 200…!
I know indians are mad on gold so hopefully the news of their full scale operation commencing next year will continue this buying frenzy
Recent article here for anyone who cares
https://www.deccanherald.com/business/indias-first-large-private-gold-mine-to-begin-full-scale-production-by-end-of-next-year-dgml-md-2717461
Let’s hope so SM….. if Deccan settles around 125-130 we are there.
Hopefully this may happen if Deccan keep going the way they have been. As you say less dilution quicker and less cost.
Just a thought
https://www.bankrate.com/investing/direct-listing-vs-ipo/#:~:text=Direct%20listings%20are%20much%20more,the%20company%20to%20go%20public.
If we reach market cap - is a IPO necessary? A direct listing may be a suitable option
Less dilution and quicker
As Happy pennies said CP has 10 million reasons to relist plus he probably has Big Jim breathing down his neck wanting his money back with interest. Also his staff that have had shares in this. I would imagine that he has a lot of eys on him wanting this back on the market.
Agreed F@L… we just need a firm relist date from CP and a tiny IPO (if any) and Tally could go great guns next year… but until then we have to entertain ourselves with potential possibilities.
Nice to see some positive chat on here for a change.
I think even BA is starting to see the light at the end of the tunnel.
Give them to charity if you think that. Then you can move on with your life.
My £5400 worth of shares = worthless
CP = conman
100 tally=£5.10 now.
App functioning well now. Just transferred from a Starling account to Tallymoney. Funds arrival was instant.
Thats true BA..... we are locked in to Deccan until spring 2024 and who knows where the SP will be by then... (north of 150 INR my guess by who knows)... the point is the value of the asset is attributed to Tally Centrals overall valuation as of today and everyday going forward.. so when combined with current market valuation of Tally we are within touching distance of the £30m required for main market relist which has been the biggest hurdle to date.
I'm sure... as we all do know... CP will come up with some other BS about another un mentioned & unknown metric which has to be reached before relist/IPO can take place.. maybe the broker needs to get his haircut first... or some new app feature .... but reaching the £30m leaves a tiny (or no) IPO required so relist can be much quicker... Thats how i read it anyway.
Someone said we cant sell til spring next year -
so am struggling with getting today's share price or valuation thereof
spring next year it could either grow 10 folds or be in a ditch
what am I missing
Agreed dealer…..Alien abduction and destroying IPO paperwork is one excuse still available to CP…