Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Same as every time it moves.
BTC to USD has had a fall....
Not because there's any link here, but because we're in the "crypto basket".
Tanked real bad today though. Any ideas why?
Great spot Delferg53 - looks like a great bit if free advertising...
https://cointelegraph.com/news/avalanche-growth-sparks-third-party-cross-chain-bridges
ADVFN half yearly report, in which Clement Chambers says it might be his last year as a director. 0.75p divi announced.
https://uk.advfn.com/p.php?pid=news&symbol=L%5EAFN
https://twitter.com/avalanche_space/status/1495342176082948102?s=21
Thanks Bennster, and everyone who is LTH trying to fathom this. It's not rising on UMBR going up to record prices afaik, it is in fact falling for whatever reason or just drifting. So, when UMBR goes down, assuming it does if people take profits, what then for OBC? OBC down when UMBR is up, and if and the more of the same when UMBR goes back down significantly...? (Assuming that's not happened today as I haven't checked, in which case I have my answer already.) I may need a chill pill! :-)
I guess, if I try to see it another way, that OBC haven't got a strong earnings yet so net book value is the only way to judge them?
If OBC were to start demonstrating solid income, EBITDA and maybe instigate a dividend policy that would force the market to reassess. That's the only thing I can see.
On the plus side if UMBR carries on like this and we do hold "a good chunk", then maybe there could be a return on sale. That would wake things up too.
Delayed sell order somewhere? Else, why the drop again because it seems mostly buys at the moment. What is spooking the market or market maker(s)? I am guessing it's Ukraine. But even so, another drop today!? Bennster's calcs (thanks Benster) not impressive enough? I suppose investing is to some extent based on trends and fashionable sectors, so is OBC too late to the party? I do hope not. It reminds me of shares I held in successful firms, but nobody gave a stuff and the PE average was less and less over time despite good results. Back in the dotcom boom, biotech and tech PEs went from optimistic to silly to utterly nuts, but some stars emerged and justified their PEs in the end afaik.
Another cheeky top-up.
Vbw
Don't worry, you can be assured I've been called a lot worse :-)
Sorry - Bennster.. bloody autocorrect!
Great summary Bannister..
Today looks like a good chance for those who do see the value to top-up on the cheap.
Plus we are just above the long-term support level. Sooner or later, the value here will be recognised by the market..
I refer to the last RNS's on financial performance and balance sheet with the following conclusions - I am genuinely reaching out to anyone who can comment to amend or update:
1st December 2021
Holding of AFN = 17.64% which at time of posting = £3.21M @ 74p a share
Ongoing AFN Dividend policy at 6 monthly intervals = 1.5p per share annual = £65k
Holding UMBR at 1,000,000 units (understood at 10% from Chambers comms @ $7.75 = £5.69M
Forget any other cash reserves or other incomes - just forget the Narni bridge etc.
There are almost other debt or debtors according to the balance sheet, that was a total of = £31k
The base NBV of OBC is therefore £8.934M - with zero net income from now on.
We are sat tonight at 14,311,709 shares in issue @ 41p which gives a market cap of £5.868M
This means (for those who are slow on the uptake) the market cap here is £millions below the net book value. No need to expect a penny more of income.....
Go figure.
It certainly looks that way.
Saw the rns about it a week or so ago..
Strange business..
AFN are back off the market - I reckon the board room wrangles will drag on for a while yet.....
Should be at least double current sp, imho.
Maybe they are waiting until the advfn business is over?
All we need is that RNS highlighting the material revaluation in cash/cash equivalent reserves.....
With UMBR now many times where it was at last year end if OBC hold any then that's a material revaluation.
UMBR nudging $8
Umbria market cap over $40m, still OBC unmoved.
Unreal!
Coinbase effect? Their Superbowl ad has sent them stratospheric in the last couple of days.
Can we get our noses in this bag soon?
Yes, looking very good.
Just wish OBC would respond to it...
$UMBR token at all time high hitting $7
https://twitter.com/networkumbria/status/1493531878380474370?s=21
Another partnership
https://appdevelopermagazine.com/nft-and-defi-support-from-umbria-network/