Member Info for bobsson

Share price currently up 30% at 10.43 am.

I will give a response. I stated a few months ago here that I thought 0.32p was a good value entry point. You can now buy at around 0.225p The house broker sees a target price of 2.3p in the medium term - 2 years (?). Cannot answer your question until level of dilution, if any, or cost of borrowing to start production is known. The Board has changed to bring in production startup expertise, including financial expertise. We know Anglo American are in the wings waiting to put in $5m for a share of produced iron ore. So as things stand I think 2.3p in 2 years time with first production at the end of 2024 is not unrealistic.

Firstly both of BLU`s investment companies need to show real commercial progress in 2024. Dynasty`s new business model has to show a big increase in the growth of its market, increase market share and profits. Satoshipay needs to ensure its much delayed development timetable is fully met with 100% success at each stage.

The greater value for BLU is Satoshipay for me, the sky is the limit. The expected 2024 crypto bull run will bring Spay into focus and it could be an excellent year for BLU.

Blue Star will sell its stakes in both Dynasty and Satoshipay when the price is right, and distribute to shareholders via a special dividend or BLU will be the subject of a takeover bid, hopefully battle, from a large financial institution (eg Morgan Stanley) looking for a large stake in Spay prior to its IPO.

To answer the title of the thread: NO WE DON`T. I want the company to issues news when there is news, not when there is no news. So I expect nothing until January, when I am expecting lots of things to start happening and lots of news events. We should have a very upbeat Investor Presentation towards the end of Q1 2024.

Interesting that UFO want to use electric powered quad road trains for transporting the ore from mine to port. The ones on the You Tube videos are dirty diesel. So that will be a drive of 256 miles each way, not sure about the range of e powered trucks but that seems extended range to me. Perhaps there will be a halfway house, charge up and change driver and bring an empty set back to the mine.

What happened to, and/or when is Anglo American`s interest in our DSO project going to be triggered? I thought they were putting in USD 5 million (?) to assist with development costs? I really hope all the permits and approvals to mine come through in Q1 2024 which will allow the final investment decision (FID) to be made. Would trigger AA`s investment?

Please correct me if wrong. UFO are basing their production costs at around $60 per metric tonne from ground to port (or do we sell when the road train leaves the mine weighbridge?) Current iron ore price is around $130 per metric tonne. Is the iron ore price likely to fall so much as to make UFOs ore unprofitable to produce?

Results and dividend announcement tomorrow 5/12/2023.

I fully expect the share price to rise substantially in 2024 as we move towards first production in 2025, then towards the end of 2025 we will have shipped about three (?) cargos of ore. Probably double that in 2026? At the end of 2025 UFO will have proved itself as a mining production company with large revenue and profits. The market, and major producers will will take note, as the full potential and development of all UFO assets come into focus. UFO to taken over end 2025 early 2026 I think.

I can see aardvark`s point of view. A few years ago we had blue sky hope, actual value would be low but expectations high. However if after a few years the expected level of progress and success is not achieved then all that is left is what you started with - without the blue sky.

.... next year. ?

Satoshipay are even falling behind on their most recent delayed timetable. There just seems little or no progress against their stated targets. Little wonder BLUs share price is falling to 2 year lows? I thought the Dynasty update was also disappointing.

I hold these bought around 8p. This is a toss of the coin job now. If Stalicla gain Investigational New Drug status with the FDA milestone payments are triggered and EVG receive monies. This might spur interest from other pharmas into SFX, and lead to other tie ups. If no approval from the FDA, Stalicla likely to drop the trial and EVG left with no collaborations or trials of substance, and worth zippo.

My prediction months ago was first ore along the highway in Q1/Q2 2025 and I stick by that. A lot of song and dance about a MOU which I thought they had announced last year? I guess everything revolves around whether UFO finally get the green light to go ahead and actually mine and ship the ore.

"but i digress, i believe like you that no issue exists with Spay accounts, something is causing the delay, we will await as to what it is, i suspect a further funding round, which in itself would offer a valuation that TF has now commenced with Benchmark."

Yes, a further funding round hinted at in the recent BLU RNS regarding the valuation exercise. BLU does not have the funds to participate, therefore its current 27.9% holding in Spay is likely to be heavily diluted. ?

Please tell me if I am wrong, but I thought Spay simply changed the name from DT transfer to Nabla?

Just tuned in. I think Pablo has nailed it in his post at 10.05 today. This is a white flag from Blue Star, they have no funds to further invest in Spay, BLU is inviting low ball bids for its large stake. As usual shareholders likely to get shafted, value will be way below what most holders need to break even. It about time Spay started to hit a lot of these missed milestones. If they do then value should quickly rise.

Latest share price ACUT is $0.75. So not too bad.

Saw a news item yesterday (can`t remember what) which made me think if it were a success it would render stemprinter redundant. Market catch up today?

Very heavy on the business outreach angle, very light on the considerable technical developments detail. I am hoping the 9 stages/steps to be completed by the end of 2023 will be grouped such that we may have say three announcements for the completion of all stages of the roadmap.

BLU may not be a direct crypto play but it is in indirect one and the rising values of crypto does look to float all boats. I still stick to my prediction that December 2023 will be a good month for BLU. However I think Q2/Q3 2024 will be our time.