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is a complete red herring, everyone knows that grab samples are tantamount to salting as only the very most highly selective grab sample result will be issued and preliminary drill test results never come within a million miles of the sample returns of the "grab samples". It's all smoke and mirrors to deflect away from their utter failings in negotiating a viable mine with the Swedish Mining Inspectorate at Storuman.
In case anybody is interested I too had a great grab sample result when I discovered 6 grammes of gold and a 3/4 carat diamond in a <20g grab sample of soil in my back garden this past weekend - purely random gram sample but I did have an inkling that it was where my missus has dropped her engagement ring not 30 seconds prior.
Haven't read the t&c's as I'm only interested in the opportunity to sell my shares on readmission if and when it should happen, I have found CP's actions deplorable and wouldn't trust him in the least going forward.
That said I do hope that Tally can be made a success of, purely for the benefit of the current shareholders who have suffered unwanted vicissitude at the hands of CP.
as is being suggested Tally will pivot away from just gold and into commoditising a variety or bucket of other assets then this would be a smart move. Abra has already done this by offering stocks, assets and funds commoditised against Bitcoin and although crypto is leading the way on this as you'd expect from leading edge technology the truth is that the vast majority will not use this for some time due to scepticism, cynicism and pure ignorance of the technology AND so if Tally can actually pull this off with the gold account there is a huge market open to them for the next 10 years or so until Bitcoin is fully accepted and integrated into everyday life as older gold permabulls such as Peter Schiff and alike would prefer physically solid base assets to work off.
I'd imagine that Tally would need to be out in the wild and prove itself over at the very least a year or two before anyone would seriously entertain buying the company as a whole. Venture capitalists would be sniffing around long before that though, which will be great so long as the company is listed and we are back in full ownership of our shares by then and not diluted to appease VC investors before relist.
mikey if you take delivery of "your" gold then it would quite simply be deducted from the ledger of your Tally tokens, if you had the gold you would no longer hold the Tally in exactly the same way that if you spend the Tally then you no longer hold the gold attributed to that Tally token on their ledger. The gold is pooled, of course it is ! it is all held in a vault as gold bars, there is not somebody down there constantly shifting milligrams of gold around from one account storage box to another based on the ledger, just gold held "pooled" with the ledger making the notional claims against it pro rata with your fiat pegged Tally holding. And I say notional as the holders will not have first lien guaranteed.
Is it really 'negative' to want to know all the facts or self sovereign due diligence ? if you know all the information then you can make an informed decision, some may deem the risk too high and some may deem the risk perfectly acceptable. The danger is always when decisions are made not acquiring and questioning all available information.
Tally is still a counterpart trade like PayPal where as Bitcoin is a digital bearer token that can be directly sent permisionless and trustlessly without rent seeking middlemen. The term "we don't charge transaction costs" is misleading when there is a subscription fee charged each and every month and charged in accordance with your fiat value balance ie. no set fee.
Somewhat misleading to say "(not pooled client money using a digital wallet with prepaid card)" when in fact Tally gold is pooled in vaults and gold is not stored as per each individual account holders gold allocation - hence 'pooled funds' as the gold is represented in Tally and if anyone questions this then ask the company as I did "Can I withdraw my physical gold holding that Tally acts as a representation there of ?" I asked this and was stonewalled. If Tally is backed by gold and you own the Tally tokens then why would you be prohibited from taking physical delivery of your gold.
bassguy in exactly the same way as the current scenario in Venezuela, Zimbabwe, Iran, Syria etc in that everything is still measured against the fiat currency which is failing/experiancing rampant inflation ie. the currency is valued against products that can be bought with said fiat eg. 1 loaf of bread on Tuesday may cost 1,000,000 worthless Bolivar and then on the Wednesday cost 2,000,000 Bolivar. The fiat currency is still the MOE but the product then takes on a greater role as the SOV. The SOV product then seeks to arbitrage against a better MOE with greater SOV characteristics. Obviously products with higher time preference are greater SOV and products with low time preference such as a loaf of bread are poor so the bread example is just a basic analogy. In essence in a world of failing fiat currencies people will move out of worthless SOV fiat currencies and into good SOV like gold whose price will increase significantly. However gold is impossible to spend over distance instantaneously hence why Tally are doing what they are using Tally tokens as markers against a ledger of gold holdings. Only problem with this for me is it is a system of trust and if you go back to 1933 America the government seized all residents gold and this will happen again when the fiat currencies capitulate. Hence why it's logical to have personal reserves in Bitcoin which is decentralised, open source protocol with no central point of failure, permission-less, trust-less, anti fragile and fungible and as long as you hold your own private keys nobody in the world can confiscate your funds.
Should read CB's (central banks) not CBT's (cognitive behavioural therapy) auto correct can be a bitch sometimes ;-)
mikey we live in an illusionary capitalist paradigm nowadays unfortunately due to central bank perversion where gains are capitalised and losses are socialised. The system is corrupt and failing and the next financial crisis whereby the toxic debt bubble implodes leading to a Hyper Depression will eventually cede to true free market capitalism where big government and asinine CBT's will hold less and less control and true capitalism will prosper aligned to true Austrian economics.
Yep that's what centralisation does and the Cantillon Effect turns the screw of infinite regress. 2008 financial crisis will look like a teddy bears picnic compared to the upcoming Financial armageddon.
and the Euro looking on the precipice right now with both looking very likely to see significant downside and the Euro falling to parity with the USD in quick time showing just how badly the currency is failing. Just an observation and it could be viewed as a good reason to hedge into gold away from the Euro however the better hedge would seem to be into USD which is quite bizarre with the fed QE printing press going at full tilt counterfeiting USD, if only there was a currency with anti-inflationary definition and who's stock to flow ratio will soon pass that of gold, and whose volume is finite.
giving away a free book "The Decentralised Renaissance" is ironic beyond belief.
Tally the fully centralised ledger giving away a book on Decentralisation is like Red Jezza using Union donations to fund J.P.Morgan
11 May 2018 rns - Concurrently with the release of Lionsgold's digital gold currency Goldbloc, on schedule as planned for this quarter, and the continuing development of its gold assets and opportunities in India and other jurisdictions, Lionsgold shall work with its advisers on the preparation of an AIM admission document and the process required for readmission to trading of its shares.
Lionsgold's ordinary shares will remain suspended until the Company fully complies with Rule 14. This process is expected to take three to four months to complete.
Seems like if CP posts a non committal notional tweet then it is deemed as good as it is keeping us informed but I did see that there was absolutely deafening silence when someone replied to a condescending tweet from the company aimed at a shareholder:-
@LIONSGOLDdotcom 'thanks for your enquiry. Frustrating as it may be, publicly traded companies sometimes cease to have their shares traded on a readily available secondary market. This doesn't change your shareholding as such just your ability to buy and sell shares '
RESPONDENT 'Congratulations on your understanding of the mechanics of an exchange listing and the ability of it there in to provide an ability to buy and sell shares. Now on what specific date do you intend on listing LION shares on an exchange ?
Simple question no prevarication required !!"
No reply has been forthcoming to this simple and straightforward question and it is comical that the company state "sometimes cease to have the ability" as though it is some random act and not down to company negligence to comply with exchange listing terms and conditions.
Unfortunately they still can't get their initial proposition off the ground though.
that the delay is down to the drop in gold price as much as anything technical with gold now below 30, 60 and 90 day levels and although likely on a 3-4 day correction the fall should increase in the next week or two to drop below the 6 month price and continue making lower lows and crashing through support levels. Unfortunately this means that Tally account holders who lost their shares will now be experiencing further pain at the hands of CP and this only goes to highlight further the poor product offering that Tally is. No sensible investor is going to put money into Tally and watch the value diminish as gold drops towards and below $1000 and likely $800-850oz
Losing money on your investment in Lionsgold should have been a salutary lesson but to then NOT put pressure on the company to relist which has been the position of the CP fanboys and then to invest further funds in a nascent gold account in Beta testing when there are already dozens and dozens of other businesses failing to gain traction with almost identical products is a dereliction of intellect.
amount of bile and vitriol spewed out here in personal attacks against anyone who points out the shortcomings of the company in which we are all invested. CP fanboys are quite clearly over exposed and see any contrarian views to their constant ramping of a delisted share that they are no longer eligible to trade on any regulated exchange and who's tech offering is so outdated to the point of pretty soon becoming obsolete, as an invitation to expose the very worst of themselves. Position sizing is the most important aspect to successful investment and trading, and clearly many invested here took unwise position size in the cult of CP and feel the need to defend it vermently in the face of the facts presented. I hope the company does return to market (any phuckin market) so that those that wish to exit can and those who are unable to properly analyse the business proposition and wider market participants can hold and discover what the market really thinks to this abject car crash who now seek to bury their previous failures by again name changing for the third time in 3 years.
is there so much jubilation after that tepid rns. No mention of firm listing plans, no update on mines, small Beta test group, no card distribution yet outside of insiders and the main app launch has attracted a mere 1500 registrations of interest, mine and a number of others I know included in that number, all of whom have no interest in enlisting the use of the product and merely registered to understand the progress or lack there of. Compare the 1500 registrations of interest in Tally to Coinbase who this week launched their Crypto debit card in the UK and have been registering 10's of thousands a day out of their circa 30 million account holders worldwide. Tally need to actually work hard and not keep telling us how hard they are working to drive these registered numbers way, way higher. The fact that there are numerous other competitors doing exactly the same thing as Tally and already have a 2-3 year head start in some cases demonstrates just how far behind Tally have fallen and why the numbers are so poor.
Gold more likely to break down than explode, next 2-3 weeks should see the start of the decline to sub $1k
going around with story about a man who dug a 12 feet deep whole before realising it was his steel toe cap boot that his metal detector was picking up. Just wondering when anyone last saw CP ??
Mkx007 all of the following are credit/debit cards that allow for payment and withdrawal of cryptocurrencies to fiat and vice versa. Bitwala, Xapo, CryptoPay, SpectroCoin, UQuid, ADV Cash, Wirex, Wage can, Coins Bank, Shift, Coinnation, Coinzy Rax Card, Bit Plastic and numerous others beside that I can't quite remember off the top of my head.
Only 'fundamental difference" is that these card are already in use and operating seamlessly whereas Tally is not, and by is not I mean No cards issued and NOT out of Beta testing yet so No working product.
Also Litecoin are major shareholders of German bank WE Bank AG and can issue any credit/debit card they so wish.