Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
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I have no idea what you boys are talking about.....
" here come dat boiii!!!, o sh*t wadd up"
"o sh*t wadd up" applies to showpieces website!
Alexa Reach Rank: 7,825,456 - no one is looking at it
Spam Score: 13 / 18 and those that do think it's spam LOL
Clam Island allows Pearl NFT to be redeemed for real-life pearl necklace from Tiffany & Co valued at up to $10,000:
https://m.marketscreener.com/news/latest/Clam-Island-allows-Pearl-NFT-to-be-redeemed-for-real-life-pearl-necklace-from-Tiffany-Co-valued-at--36628648/
This NFT meme is quite fitting for all the SGI bag holders!:
https://dontbuymeme.com/nifty/heavy-bag-u67otred
Not all ASCII meme translate LOL
(~~~~~~~~~~~~~~~) (~~~~~~~~~~~~~~~)
\ \~~~~~~~/ / \ \~~~~~~~/ /
\ \ / / \ \ / /
\ \/ /__===_____________==_\ \/ /
__ -- __----__ __-----__ --__
_-~ /' ~\ /' ~\ ~-_
/~ |____________| |_____________| ~\
| | O | /\| O | |
| \ _ ./ / \. / |
| ~~~~~~ / \~~~~~~~' |
\ /____________\ /
~--__ ___( )___ ___--~
~~~~--~~~ \ / ~~~--~~____------
------____/__ ~~ \ / __---~~ ~\
| ~~~~~ \ / __----~|~~~~~~
-----\------------ \/ _________ /
\ | /
\ _______ / \ ~~----__/____
____-----~~~~~~~\~ / \ / ~~~~~---
~-____-~ ~-____-~
\ /
\ /
~-______-~
"Philately losing its charm to digitisation"
You aren't going to be philatelist any longer! Please no more talk about nights in researching....that's all gone...no more talk of studying history...goodbye to all that....you're now meme collectors!
(meme: an amusing or interesting picture, video, etc., that is spread widely through the Internet)
Memes have cultural value, they are a way of communicating social mores, a non-genetic social DNA...they also make social media posts much more amusing. ;)
You can see the next front cove of Stanley Gibbon's catalogue welcoming Big M'genta (street name, for the hood):
" here come dat boiii!!!, o sh*t wadd up"
Hahahaha
"However, there are now endless examples of folk buying NFT"
It's worth remembering if it wasn't for the success of Bitcoin, NFT's, including the Guiana Magenta version, would likely never exist. Furthermore, in my view, the increased activity and interest seen in the NFT space is highly correlated to the current sentiment of Bitcoin and it's bull run. If Bitcoin was in a bear market, it is unlikely some of the NFT digital art being traded today would reach such lofty valuations. Indeed if Bitcoin was made illegal and crashed to $0 like Pearls predicted, I suspect sentiment towards all things crypto, including the Guiana Magenta NFT would plummet too. So don't bite that hands that feeds you, Pearls! Not that SGI is giving you much food...
Bitcoin is now $62,000 and Arb is showing sparks of life. Seemingly Arb is waiting until Bitcoin reaches all time high before it’s allowed to run.
Pearls, it’s not too late to open up a small position in Argo, and I’m sure by year end it will compensate for any SGI losses.
Just as an aside, the Arb board seems to be full of impatient whingers at the moment, crying about Argo not keeping pace with Bitcoin. Whilst I think you have got it wrong with SGI, I respect your conviction and patience to see your thesis play out.
"However, there are now endless examples of folk buying NFT's"
True, but usually things that are relevant to their cultural experience, stamps just don't fit in to the cultural experience of the generation engaging in collecting NFT's. What's why it seems "utterly ridiculous" to you, but not them. They will probably look at the idea of a fraction stamps as "utterly ridiculous" and that's why this wheeze from SGI's paymasters has a good chance of being a white elephant.
Even better, your "utterly ridiculous" statement kind of proves my point, you can't shoe horn one generation's old junk into another generation's aspirational desires. It's doomed to fail.
The whole history of youth culture proves my point. Maybe in another generation when grand-papa collectors are a distant fond memory, but I'm sure Phoenix won't wait that long when it proves to be another false dawn # lastchancesaloon
railwayman, I think you are overly gloomy. I don't know why so many clubs would be lost locally to you, obviously over the last couple of years hardly any clubs held any meetings, that is not to say they have gone, merely suspended their meetings until COVID passes. Stampex resumed last month and was reasonably well attended given the circumstances. Further fairs / exhibitions are now also resuming.
I see the current situation at SG as an evolution of the hobby. Those who want to collect stamps still can, but there is now an emerging market for digital tokens etc and SG is merely tapping into this. They are different collecting realms - I do not see those buying NFT's as being that similar to collectors who only collect the physical item. However, there are now endless examples of folk buying NFT's of all sorts of subjects out there, some of which do seem utterly ridiculous to an outsider, but that is how things are.
ChiefStamper ....I wasn't trying to be overharsh or overpessimistic in my last post, but the loss of all 6 stamp/philatelic clubs in my area ( a market town about 8 miles from a substantial city) is a FACT. Likewise my six grandchildren's views of their Papa's eccentricities.
Maybe philately will continue in the long term as a very minority passtime. Rather like matchbox label collecting and cheese label collecting, which I am sure are still enjoyed. (Or even collecting unusual and vintage electricity wall plugs....yes, it does exist). But none of these interests are likely to make any collectors, investors or dealers rich ?
Pearls seems to be living in an optimistic parallel universe..... SGI's own Chairman called the annual results 'less bad'....but Pearl's optimism abounds. The data shows a loss making company, in negative net asset value, proped up by a company making money on the debt and earning other money by supplying stock...
The share price has been at 3p ish for 3 years and I'm not invested here.. (but I do own some ARB!)
"Next week we should get an RNS regarding the Castelnau IPO as SG is a related party "
Castelnau have already done that BEFORE listing and when publishing their Pathfinder and Prospectus.
They only party related statements, so far, have come from Aurora and Castelnau., informing the market of the transfer of SGI's stock into Castelnau from SG Phoenix and Aurora IT
SEXIT!
What you might, should expect, is a party related notification about their relationship with Showpiece Technologies Ltd. Given that Phoenix appear to control that vehicle, the debt of SGI and manage Aurora and Castelnau....doesn't leave much for ordinary shareholders does it....I wonder how they make sure they are treating the interest of all stakeholder fairly?
They'll need more Chines Walls than Beijing. ;)
"a company with over 150 years history" just remind me, how many times has SGI gone bust? Is it 2 or 3 times?
"At some stage the shares will attract buyers as well." you've been saying that for nearly 3 years now!
"due course should translate into actual turnover" hang on, you said they were looking at £20m turnover and £1m profit for last year! The reality was £11m turnover and £4.5m loss. You'll excuse us if we take your predictions with slightly more than a grain of salt.
I'm afraid you find anything negative that doesn't fit in with your ramps, but so far the "negatives" have turned out to be more accurate than your predictions! ;) LOL
"Chiefstamper, bad publicity?" you mean like this: (from Forbes)
"A similar type of investment program was being operated in the UK by Stanley Gibbons, a respected stamp dealer that also published a catalog of all the items they sell, namely the British Commonwealth. Their scheme involved some 3,000 investors purchasing 54 million pounds in stamps ($65 million) at the SG catalog price on which they promised to pay 5% or 7% rates of return for stamps held for 5 or 10 years respectively. At the end of the holding period SG would buy back the stamps at the then SG catalog price with 80% of the value increase going to the investor. Their approach correctly focused on investment quality stamps. The flaw in their approach was that SG constantly increased the catalog prices of their stamps well above any other world catalog since they could then sell to their new investors at such prices. This worked until stamp collector demographics dictated falling prices causing new investment to dry up and old investors to cash out. Rather than making good on its promises to the investors and being saddled with hugely overvalues stamp returns, the company declared bankruptcy."
Chiefstamper, bad publicity?
The only negative comments around are to be found by posters on this site such as Devon who never seems to have a positive word to say about SG nowadays.
Personally I like the direction SG is now taking - it is innovative and should attract a lot of attention and press coverage which in due course should translate into actual turnover.
I believe the company is in firm recovery mode, and whilst no doubt will still show a technical loss at the half year results later on this month due to the US Malletts situation, I think we will see turnover and trading have picked up substantially over the last half year.
At some stage the shares will attract buyers as well.
In a company with over 150 years history, one can very easily post deliberately selective negative comments about SG but actually I think management are pulling out all the stops now to turn things round and are clearly being supported in this by their main shareholder and banker - Phoenix.
Next week we should get an RNS regarding the Castelnau IPO as SG is a related party - again this should also make for positive reading. I really cannot see the shares staying this low for much longer.
While I agree with the notions that the current SG (and their owners) business moves are poor, I do not agree that the notion that philately is dying is true.
As a young collector myself I’ve seen an uptake in youth philately in the past 5-10 years, admittedly nowhere near the extent of the 60s,70s, 80s but so far the 2020s have been stronger than 2010,
Also at least in my own personal collection I have seen gains of 10,20,30%+ and profits accordingly,
The hobby isn’t dying, but bad publicity will surely drive people away who may have had an inclination to dabble in collecting from starting
Totally true, PearToDaMoon, I can recall 5 or 6 stamp clubs/philatelic societies within 10 or 15 miles drive from here, now none, SFAIK. (And, even about 20 years ago, members were then mostly retired guys (no youngsters or ladies).
Even our grandkids think it a bit quaint when we send a real Birthday Card (what's wrong with Facebook, or whatever,
Papa ?) and completely fail to notice any commemorative stamps we might use !
https://www.tribuneindia.com/news/amritsar/no-more-takers-philately-losing-its-charm-to-digitisation-324198
Once a popular hobby, stamp collection is no longer a fad among the youth. It is clear from the Amritsar Philately Club (APC), which has less than 20 members. Formed in 1974-75, it initially used to have 80 to 100 members.
“Youngsters are no longer in touch with any such hobby. They hardly know the price of a single postcard.”