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Interesting article in the Guardian this afternoon; https://www.theguardian.com/australia-news/2023/dec/07/mining-billionaire-andrew-forrest-in-scathing-attack-on-oil-and-gas-industry;
"Mining billionaire Andrew Forrest in scathing attack on oil and gas industry.
Australian magnate-turned-green-evangelist says companies that don’t stop burning fossil fuels will have ‘blood on their hands’".
"Speaking on a rest day at the Dubai conference, he said Cop28 could have “enormous historic relevancy” if countries declared fossil fuels should be phased out, and not just “abated” through what he called the “old lie” of carbon sequestration, but would be a “flop” if they failed to agree on this point."
"Fortescue now describes itself as the “world’s number one integrated green technology energy and metals company” and has set a target of eliminating its emissions entirely by 2030."
I wonder what influence this might have on GGP's plans. It'd be nice if we could be green (as presumably this would make us more attractive to 'ethical investors'), and in doing so it also reduced the AISC *imagines a solar farm to power the mine, and to sell surplus electricity in to the grid*
Sadly the article doesn't mention GGP.
CC
Statement from RNS on 30th June '23 ;
"Under the FCA Innovation Pathway programme, the Company will be provided with a dedicated FCA case officer, with a comprehensive range of support services, designed to assist GST to further develop the appropriate path for the progression of its stablecoin plans. This may involve a future Regulatory Sandbox application or preparation for regulatory authorisation without the need for supervised testing."
CC
600+ messages on this board today 🤯 Not seen a frenzy like this for a while..
Splatted & the regulars; thanks for your continued input over the past months (I've been a reader, more than a poster, and will probably return to reading more than posting!). Tricky & F1; nice to read your posts over the past couple of days, as you seem well balanced (can't be said for everyone, unfortunately). In addition to the crypto exchange, you need to look at the RNS's where GST state their intention to develop Stablecoin & their positioning in NeoBanking/Global finance transactions through Angra (and formerly PAYPT).
In terms of growth, BOD was talking 50-100X growth aspirations when we were at around a penny (I think.. Proactive Investor video [I think]).
The RNS today - probably a valid reason why they had to wait to release it, rather than skulduggery for the raise, in my opinion. And my favourite part of the RNS - potential to use for acquisitions.. ..what other companies with licenses can we buy??
DYOR etc,
CC
I think we could test previous highs tomorrow. I'd like to see that, anyway. Bottled; you said "we are mostly derisked outside the licenses being granted" - the mining permit was granted on 8th Nov '21, it just needs transferring to the new company structure, its not a case of whether we'll get the license or not.
DYOR, etc.
Regards, CC
Lol. Yeah, I hung myself from a firework.. 🫡
You're Deramping desperately because you missed out on getting in at a lower price. Your 'well nobody should buy now then' retort is nonsense, unless you think the markets are done, and all trading should cease?
What do we have a lot of around the British Isles? Sewage mate, just like you're spouting.. trot on, you clearly missed this boat.
😢 Poor you, AHS. Thanks for reminding me I'm on to a winner though. 😆
Yes, thanks AHS; good find. That's one thing with this company - they just seem to get their heads down and do the work. While we all maybe thought an RNS today would be useful, they probably didn't technically need to release one, because they are just ploughing ahead with the business plan which has been clearly stated in previous RNS releases. With all the noise on here about the GS20 Exchange, everyone seems to have forgotten about (or don't yet know about) Angra Global, our crypto wallet, blockchain payments, the ongoing work with the FCA, and developing Stablecoin etc. The info is all there in the releases, and there's Proactive Investor videos with Jack Bai where he talks about his growth aspirations.... Still expect it to be a bumpy ride, but we'll certainly get an end of year update within about 4 weeks.
DYOR etc,
CC
I've been thinking about the relatively high volume for GS20 showing on CoinCodex (thanks to whoever posted this yesterday, I wasn't familiar, so I don't know how long that site has been displaying info for the GS20 Exchange).
So, either we're still in 'soft launch' and it's going incredibly well, or we're full-on Business As Usual now?
Or (and this may be where 2+2 = 5) - could we be using GS20 to facilitate transactions for Angra Global?
From GST RNS 16th Nov '22;
"In line with the Company's strategy, the principle business model for GS20 Exchange remains to roll-out the three initial use cases of GS Money: international money transfers; borderless accounts; and private stablecoin. GS Money is intended to make cross-border payments quick and affordable to an addressable market of millions of participants by netting and settling trades through its stablecoin-based payments network." .. "We look forward to welcoming additional participants to the GS20 Exchange which will drive ongoing trading in this important asset class and provide our partners greater liquidity in their cross-border payment operations."
From Angra Global website (https://www.angraglobal.com/);
"Angra Ltd, possessing a full API license in the United Kingdom, has been in operation for the past decade, serving a wide network spanning over 80 countries, with a primary focus on Europe and Asia. On the other hand, Angra Global specializes in offering comprehensive processing platforms for online banking and payment solutions. Our integrated ecosystem enables seamless business transactions within our extensive network, spanning across America, Europe, and Asia."
It's just a theory, but it might add up??
DYOR etc,
CC
Quote in my previous post is from;
https://coincodex.com/exchange/gs20.exchange/
Should have included the link in previous post, I suppose - sorry.
Also, note the fact that the detail is different re most active trading pair/gains/losses..
DYOR etc
CC
CoinCodex has updated, presumably now it is past midnight. Now states;
"The GS20 Exchange cryptocurrency exchange recorded $ 3.30B in trading volume over the last 24 hours. BTC/USDT is currently the most active trading pair on GS20 Exchange, and saw $ 1.62B in trading volume in the last 24 hours. The biggest gainer on GS20 Exchange today is TRX/EUR, which increased by 6.76% on the day. The worst performing pair on GS20 Exchange is currently COAL/USDT, which saw a -14.75% drop [Damn!]. On GS20 Exchange, you can currently trade 11 trading pairs across 2 markets."
Now states Market Share at 1% & Exchange Rank #31.
If it continues to update with these sort of figures & they are accurate.... Wow....
CC
Uh?? I went out to walk the dog and came back to an 80% rise with no RNS.. ..what happened?! 😲
CC
Merc, there is another listed with Companies House; IT Consultant by the looks of it.
MAJW; perhaps choosing what appears to be a company name for posting on LSE was a bit.. ..strange?
Anyway, onwards and upwards for KOD (in a jaggedy trajectory, as per the market, IMHO).
CC
I do believe that GSend has been updated with revised text.. Good call JiffyBag.
Not sure if it's been mentioned here already, but I
noticed the main GST Website has also been updated, with reference to EMS now removed. AngraFX is now officially on there. Worth having a look around the website, as there's a few new pages & updates. "The group operates three core businesses across blockchain payments and financial services, forex, as well as cryptoasset exchange. The group has operations in the UK, Lithuania, Singapore, and Australia."
It's been a slow burn to get to this point, but GST do seem to be going about this the right way. I'm starting to think that, timing-wise, FCA Sandbox approval (of course I'm assuming we'll be successful), and subsequent development, might actually coincide quite well with the UK government current thinking/strategy (I'm possibly making a massive assumptionthat UKGov has a 'strategy'!).
Back to patiently waiting for now, though.
CC
Well, at least that's cleared that up; we're in a better position than 'them', and we'll definitely be at or above 1.2p by end of April because it's someone's birthday. Works for me. (Yes, I'm holding, and in profit. Keen to see production.). DYOR etc etc.
CC
I have noticed that 008 has a particular 'writing style' in that most posts are just negatively-slanted 'questions' with little (no) actual content. On some boards it's really quite painful to watch as they add thread after thread.
Professional shorter or serial deramper maybe, or just a 'glass half empty' kinda guy.
You OK 008? Need a hug??
I suppose one positive of this could be that the pure chartist-types will now not be able to say that there's a gap to fill, as today's [overcooked?] drop has back-filled the previous spike.. ..so onwards and upwards from here, I hope..
CC
Stating the obvious; I don't post here much these days.. ..but the mention of dividends has piqued my interest; I have found my thoughts on GGP shifting from what was previously very much centered around share price growth, to the potential for this to become a good hold for dividend income for a considerable period once we're mining. It's a nice distraction from the constant SP frustrations if nothing else.
As a regular reader of this BB, I should also say thanks to all those who consistently provide updates and analysis - it is appreciated.
The GGP journey really is an incredible thing.
Best wishes, CC.
Most recent Total Voting Rights RNS, 31/01/22;
"As of 31 January 2022, the Company has 1,548,558,192 shares of no par value ("Shares") in issue, each with one voting right. There are no Shares held in treasury."
CC
Surely JPM knew the date for Newcrest's update, and knew the 5% decision was about due..??
I'd have thought this was the point where they'd close the short, unless they were expecting the SP to drop after the decision. Or the potential loss on the short position is insignificant to the alternative upside.. Either way, I'm happy we've got a stick in the ground as far as the 5% decision of Haveiron goes. It's as good as sold and we've got money in the bank and lots of other postcodes to drill yet..
CC