RE: GS20 Exchange14 Nov 2023 12:52
After the first few hours, no one believed those volumes, as I have repeatedly stated, the website figures are best to take.
Lets start talking in mcap
currently £29m = 0.98 x earnings. Taking most conservative earnings I can find which is their website.
Standard valuations are minimum 8 x earnings. Crypto related companies are usually trading at 15-20 earnings, lets use 8.
£240m mcap it should head towards fairly quickly based on 8.
Using 16 = £480m (If valuing forward 12 months, as they'd expect to increase earnings as more jurisdictions come online).
THIS IS THE GROUND FLOOR. UPSIDE HUGE, DOWNSIDE MINIMAL