Hello Marineville,
Best you get into the Cedex Telegram and ask them yourself.
I had this info from them when I messaged them in Telegram a few days ago.
It's the delay from the Japanese regulators that's holding the Japan investors up, not Cedex. They have lodged all paperwork required.
Also email: Support@Cedex.com - they should verify this also - they are hoping to get approval in a few weeks time, but it's out of their control.
Cedex has lodged all paperwork to Japanese regulators...they have delays due to workloads.
Expecting in next few weeks.
Its not Cedex error for Japan delaying rhe Ico regulation in Jaoan for investors
Important notice !!!
Hello All,
Please note that as of March 14th at 08:00 GMT, we have locked the ETH/CEDEX Coin rate for the Token Sale:
1 ETH = 900 Cedex Coin
We will be raising a total number of 55,556 ETH in our Token Sale.
Was told yesterday in Telegram that whatever they raise in private sale they will deduct this from the total $40m they are targeting in Pre & Crowd sales - so even if they raised $15m - then they only require another $25m
Also, whilst Ether is around $820, assuming in a few months it's 10% + or higher, they will then have more funds to invest into their Cedex business.
Saar Levi:
Tomorrow morning heading to Singapore again, we are invited as panellist and speakers in the Singapore global blockchain expo. Spreading the word arround the world
From the below historic valuation:
$145m / 15 x 100 = $967m for 4.5Mt so 9.6Mt = $967m x 2 = $1.934B / 1.40 = �1.38b x 49% = �676m div 35m shares = �19.32 Gross NPV/share excluding Capex costs
Quadrum post 303 - thanks you:
The only valuation provided that I know of is extrapolated from the June 2017 RNS when 15% of LS was bought-in from the Portuguese government, that portion valued at $145m (so valuing the whole at $960m in the ground, using historic mineral prices and 4.5Mt resource). Scaling that up to today's 9.6Mt resource (any addition from the Tin assay is still awaited) gives a still historic priced valuation of $2,048m 'in the ground'
Cadbury, I calcuated some Gross NPV values net to Mafl last year based on the metal prices across all the info in their 2012 Indicated / Inferred figures - came out somewhere around �450m - I guess that is much higher now based on increase on metal prices
Until they sell the licence even at 10% - 20% of it's potential Mafl will be valued as an investent co with stakes in a number of different assets - still very good reward to risk
Among them is TMT Investments, a tech-focused firm with $70 million under management that has previously invested in companies including recruitment analytics firm Gild, cloud storage firm Backblaze, and ecommerce startup Wanelo. TMT is now branching out into the cryptocurrency space. On Wednesday, it's announcing a new $60 million fund that will invest explicitly in firms that focus on blockchains, the digital ledger technology that underlies bitcoin, ether, and other similar cybercurrencies.
http://uk.businessinsider.com/tmt-investments-crypto-blockchain-focused-60m-fund-2017-12
Hi Phoebus,
Don't forget the P50 Oil in Place figures have increased from 70mmbls to 250mmbls after evaluating the 3d siesmic
But the 250mmbls is OIP only - recovery factor is approx 30% = 75mmbls 4 40% wi = 30mmbls net to UPL X �9 boe = �270m Npv /share div 457m shs = 60p
Exclusive:
CEDEX ICO Raises $20 Million, Prior to Pre-Sale Stage
The company has allocated additional Cedex coins for the private-sale stage in order to meet high demand.
Finance Magnates has been informed by a source familiar with the matter that the Cedex.com ICO has been able to raise approximately $20 million while still in the private sale stage. It has yet to reach its public pre-sale stage.
https://www.financemagnates.com/cryptocurrency/news/exclusive-cedex-ico-raises-20-million-prior-pre-sale-stage/
A quick NPV calc based on $11 boe gives us
250,000,000mmbls - x 30% RF = 75,000,000 x 40% wi = 30,000,000 net to UPL - x $11 Boe = �235,714,286 = 51p Npv/share
Read on Telegram today that Cedex legal tea are in discussions with rthe Gibraltor Regulators to see if they can launch their Cedex token on that exchange - prior to issuing the token there