Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Yes - just spotted afn up 40%.
Looks like something is happening.
Had a top-up on obc on the strength of that.
Should see this start to move now.
Was I hallucinating or did I see a 50k (volume) buy yesterday? "fess up, who was it? :-)
Best of luck, Bennster.
MrDribbles, are you going in now? ;-)
I can't say I'm topping up, but that's not personal to this share. I'm sitting on my hands at the moment. That said, didn't Buffet table buy HP or something last week? Unless I dreamt it.
Well I've topped up.
I've no idea, Bennster, bearing in mind I saw ARB was even up a tad. There are some buyers now though. In my past experience, occasionally there's a horrid drop before a big rise the next day or soon thereafter and the dropped price is usually not revisited. What causes that I know not, and I also dunno if that will be the case this time. I am pretty much put off my lunch looking at the nearly 17pc drop a moment ago before a recovery (!) to 'just' 14.5pc down. It has been a bit up and down like that all day.
The value of OBC is now simply the current SP of its share in AFN. No value attached to it's crypto or cash holdings. Assuming zero revenue too....
I'm trying to understand why this has goner ballistic today.
AFN is steady, UMBR is steady too
Easter seller, or a leak?
Bennster, I think Delferg has probably had to get the smelling salts out if he saw the share price now. Well, I don't know what to say as it is fluctuating but almost 15pc down as I type at 25-28p. NAV or not, am pretty gutted.
The capital value of the AFN share has dropped a little since the board wrangles there started to settle.
The value of ETH and more pertinently UMBR drive the value here, but crypto has been shaky since the war started.
Maybe that's caused this to flatline?
I'm still here, but it's gone very quiet. We had lots of positive updates from Delferg for a while then he just disappeared.
Who's still in? And has Tom W added anything since the last time? If he's added anything, I'd like to know, good or bad. I saw one headline saying crypto down today. I also saw some news about women's groups investing in crypto. I hope that's not another shoe-shine boy moment.
appreciate the feedback sharcus - sadly if that's the only institutional investor, then they own less than me in this company!!!
Monecor placings have caught me out on other shares in the past - I always thought they were a single entity that funded placings, but then I discovered that sometimes actually the shares end up with lots of PI's.
It still surprises me but I accept your findings, looks like most shares are out there with us little guys...
Warrants always excluded. Couldn't find any recent TR1s but will keep looking Bennster but so far I've got this:
https://www.morningstar.com/stocks/xlon/obc/ownership
Interesting stuff sharcus. I wonder how they judge "free float"?
Do they go on shares issued via AIM and not in treasury, or use a metric that includes all shares owned by directors?
I thought that most of OBC is owned by the Chambers clan or by an institutional investor - the 5M Monecor shares that were placed in Jan/Feb or under warrants in 2021 to start with. They also provided placing services in 2020. It may be that these shares are with PI's rather than with one institutional investor?
https://markets.ft.com/data/equities/tearsheet/summary?s=OBC:LSE
@ Bennster (09.03.2022) Free Float's 70%+ still. I know, I wasn't expecting to see that either. Hence the SP recovery seems to be driven by AFN, bridges, Russia being forced out of fiat and into blockchain, etc as opposed to mms struggling with scarcity of shares.
OK - I think I could understand that duplicated ramble....
In the mean time, this is a startup AIM project and whilst the RNS look a bit like Bill and Ted wrote it in the garage, the upshot is that they have 2 years operating costs in cash balance and no liabilites. No placing needed yet.
The revenue is tiny, but it doesn't include the dividend inflow from AFN -remember OBC own 17% of that, which covers most of the market cap of OBC.
The value here is also in the value of cryptocurrency held - Eth and UMBR. You won't see the balance sheet until year end and that will be where the net book value shows through of both this and the AFN share.
In the mean time whether you believe that the Narni bridge will start generating further revenues, or indeed any of the other projects, is your call as an investor.
The end th this morning is hilarious. No product on 3 years, no revenues no reporting of costs and not profit and loss or balance sheet, this is a AIM, share at its worst, and then the cheery on the cake, they report ADVN results in some way to divert your attention to their revenues which are some how are OBC's... what percentage does OBC own the answer is not a material amount, market cap here is £5 mill, this company is insolvent and a placing is now overdue, it's cell's retirement funded out of mug punters
The end th this morning is hilarious. No product on 3 years, no revenues no reporting of costs and not profit and loss or balance sheet, this is a AIM, share at its worst, and then the cheery on the cake, they report ADVN results in some way to divert your attention to their revenues which are some how are OBC's... what percentage does OBC own the answer is not a material amount, market cap here is £5 mill, this company is insolvent and a placing is now overdue, it's cell's retirement funded out of mug punters
https://finance.yahoo.com/news/umbria-network-onboards-more-communities-130000337.html
Should be a Half Year report out this Month.
https://twitter.com/networkumbria/status/1503352412760858632?s=21
And another partner.
https://twitter.com/networkumbria/status/1502279319061684225?s=21
Another partnership.
https://etherscan.io/txs?a=0x4103c267Fba03A1Df4fe84Bc28092d629Fa3f422
Over 80,000 transactions on the bridge.