Member Info for ART123

I know that many will still remember SXX and their dismal failure to get their mine funded and built and the cheap sale to Anglo American but that was just a fertiliser mine. This is nickel, currently at a low of $17,500/ton and very much needed for the EV boom. I feel that they will get this sorted and from a m/cap this low there is not so much risk.

Velocys plummeted recently on funding issues and has 3 bagged in the last few days. The fall here is even greater. Plus nickel is a very pricy and in demand/short supply commodity.

Reading through the last 2 RNS's this doesn't sound terminal. They have every chance of sorting this out. With the m/cap down from circa £350M a few weeks ago to the current £21.5M this has got to be less than a gamble.

If those figures are to be believed - and even bigger figures on CoinCodex have disappeared overnight - then why the f*ck would they have needed to do a placing.

That is what Angra are doing. It is in the results. And that was a full year of trading as it also says;

"Following the completion of the acquisition of Angra, a UK-based foreign exchange and payment services company, in March 2022, Angra has been successfully integrated within the Group and was a consolidated subsidiary throughout the year."

Revenue of about £350,000.

Meanwhile the revenue for Angra, the international money transfers and borderless accounts side of the business, for the year ended 31st March 2023 was as follows:

Angra had US$132.87 million in transaction volume during the year, which contributed US$0.43 million in revenue to the Group.

That is US$430,000 revenue (around £350,000). While the transaction value sounds to be high the actual revenue is very small. I would expect the crypto exchange to operate in a similar way, as the revenue figures I have access to confirm.

Besides my research is telling me that the GS20 Exchange has been in 'live mode' - ie. open for business and generating revenue - since February 2023. I even have revenue figures.

I see that GST bought the crypto exchange for the whopping sum of Euro27,500. They either got the deal of the Millennium - that is the one that has just started - or something smells a bit fishy.

GSTechnologies Ltd

20 January 2022

Acquisition of Lithuanian Crypto Exchange Licence and Expansion of Fintech Business

GSTechnologies Limited (LSE: GST), the fintech and information technology solutions company, is pleased to announce that the Company has entered into a legally binding Sale and Purchase Agreement to acquire the whole of the issued share capital of UAB Glindala ("Glindala"), a holder of a Crypto Currency Exchange Licence registered in Lithuania, for a total cash consideration of €27,500 (the "Acquisition").

Of course, if the exchange was such hot property, as we are now being led to believe, would they have spent a whole year in 'soft launch' mode instead of going to a revenue generating model as soon as possible. Unlikely.

Beg to get this post deleted too. What are you worried about? The truth bringing the share price down. Well I've got news for you, the share price is down 13.3% today anyway, whatever the posts.

Well at least the placing will stop the share price sliding back under 1p - for now at least.

I do believe it has jumped one place and now sits at number 168. The climb begins.

Https://coincodex.com/exchange/gs20.exchange/

https://coincodex.com/exchanges/

See the real picture now the placing has been completed!

GS20 Exchange 169 on the list with no apparent volume!

Well at least we will find out in a while what the daily volume really is on the GS20 Exchange. Personally I don't think it'll be hundreds of millions or billions of $'s. Probably more likely hundreds of thousands or into the low millions.

What is certain for now is that the GS20 volume that didn't appear on any of the main websites is now firmly back to $0. Were the figures just a big scam to get the placing off? Possibly.

5 million at 1.30p............

GM on Friday so maybe some positive news by then...................

I see all the big volume figures were taken off before the placing was announced. The figures certainly did the trick of getting the share price up a bit first. Any old dirty tricks these days!!

The good news is that the exchanges appear to be completely transparent (oh, apart from the odd glitch that attributes billions of $'s of volume to an exchange that wasn't even live) so when this finally does go live it will be easy to keep a check on the trading volume.

Meanwhile a placing at 1.10p.

It just depends what the real volume is when this finally goes live - oh, though I thought someone got an email from GST IR saying it was live, but maybe that was incorrect. It could be as low as a few thousand dollars per 24hrs. After all who takes a whole year for a soft launch if there is serious money to be made live? Answer = no one, or at least no one who has a clue.

Ticking up meanwhile and 0.165p to buy now...............

On CoinCodex the GS20 ranking is now 169 (out of 172).

Just to point out (again) that all of the volume figures for the GS20 Exchange on CoinCodex and CoinCheckup have now been removed, or taken down to zero.