Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
VLRM will do very well if it has found a way to get around all these regulatory issues as Binance were doing something similar where investors could buy small portions of stocks through tokens.
https://www.cnbc.com/2021/07/16/crypto-exchange-binance-halts-stock-tokens-as-regulators-circle.html
Binance’s stock tokens let users buy a fraction of publicly traded companies’ shares without paying commission fees. Stocks on offer included Apple, Coinbase, Microsoft, MicroStrategy and Tesla. Prices were settled in the company’s own dollar-pegged stablecoin, Binance USD.
Binance has been facing a growing crackdown from regulators around the world. Last month, Britain’s markets watchdog barred the firm from carrying out regulated services in the country, while Italy’s securities regulator on Thursday said Binance was not authorized to provide investment services to Italians.
Seems to be more scrutiny over the whole cryptocurrency sector by regulators after the below news...
https://www.reuters.com/world/china/binance-stops-selling-stock-tokens-after-regulatory-scrutiny-2021-07-16/
Seems to be more scrutiny over the whole cryptocurrency sector by regulators after the below news...
https://www.reuters.com/world/china/binance-stops-selling-stock-tokens-after-regulatory-scrutiny-2021-07-16/
Have put a little time into working out the current NAV of Gunsynd's portfolio so that we have a better idea if the SP is under or over valued currently. Hope this helps current and future investors in making an investment decision.
Listed Investments (£4,828,000)
==========================
£1,480,000 - Rincon
£1,450,000 - Rogue Baron
£1,114,000 - Eagle Mountain
£415,997 - Charger Metals Limited
£190,000 - DiscovOre
£124,500 - Empress Royalty
£53,347 - Pacific Nickel
Unlisted Investments (£440,000)
===========================
£265,000 - Low6
£125,000 - Anglo Saxony Mining
£50,000 - Media Tech SPAC
£5,268,000 - Current Total Investments Value
£1,297,166 - Current Cash Value
£6,565,166 - Current Total NAV
449,796,506 Total Shares in Issue
Fair value just taking into account the current assets NAV = 1.46p.
Cash Accumulated since 31st Jan 2021
================================
£1,000,000 balance as of 31st Jan 2021 (stated in recent half-year report)
£454,166 - total received from exercised warrants since 31st Jan 2021
£501,000 - disposal of investments since 31st Jan 2021
Total Accumulated = £1,955,166
Cash Spent since 31st Jan 2021
===========================
£65,000 - 26th Feb 2021 - Additional Investment - Low6
£125,000 - 24th Mar 2021 - New Investment - Anglo Saxony Mining
£50,000 - 21st Apr 2021 - New Investment - Media Tech SPAC PLC
£200,000 - 28th Apr 2021 - New Investment - DiscovOre plc
£218,000 - 17th Jun 2021 - Investment in Charger Metals Limited
Total Invested = £658,000
Remaining Cash Remaining = £1,955,166 - £658,000 = £1,297,166
Gunsynd's holding of 2.5 million shares in Rincon is currently worth £1.14 million based on the current market bid price.
https://www2.asx.com.au/markets/company/em2
https://www.lse.co.uk/rns/GUN/disposal-of-shares-in-empress-and-eagle-mountain-6qvnzq2btxtn8pk.html
A drilling update at Oracle Ridge in Arizona, USA was published last Friday.
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02393726-6A1040167?access_token=83ff96335c2d45a094df02a206a39ff4
Gunsynd's holding of 8.9 million shares in Rincon is currently worth £1.48 million based on the current market bid price.
https://www2.asx.com.au/markets/company/rcr
Rincon held a public presentation a few days ago where they provided information about current drills underway.
https://www.rinconresources.com.au/wp-content/uploads/2021/07/ASX-Announcement-Noosa-Mining-Exploration-Conference-presentation.pdf
South Telfer Gold-Copper Project (Rincon 100%)
? +500km2 in Paterson Province
? 12km south & southwest along strike from World Class Telfer Gold Mine
? +50km of prospective & under-explored Telfer host geology
? Maiden 5,000m RC drilling programme underway Hasties Prospect
Laverton Gold Project (Rincon 100%)
? +30km2 in heart of Laverton Gold District (+25Moz gold endowment)
? Mt Margaret-Murrin Greenstone Belt
? 6km strike of under-explored & prospective BIF stratigraphy
? Recent air-core drilling identifies anomalous gold trends for follow-up
Kiwirrkurra Copper-Gold Project (Rincon 100%)
? +126km2 in West Arunta Orogen including Central Australian Suture
? First mover opportunity in underexplored region
? Prospective for Gold, and IOCG style Copper deposits
Quick update on the Rogue Baron investment...
Gunsynd had originally invested around £500,000 into Rogue Baron (formerly Human Brands).
3,000,000 shares were sold for £120,000 in an off-market transaction.
https://www.lse.co.uk/rns/GUN/partial-disposal-of-holding-in-rogue-baron-vsjuv1udtbnittm.html
Meaning remaining invested equals £380,000.
21,543,563 remaining shares in Rogue Baron which at the current market bid price of 6.75p equals a total of £1.45 million.
https://www.aquis.eu/aquis-stock-exchange/member?securityidaqse=SHNJ
Gunsynd also retains a balance of £111,464 of Convertible Loan Notes consisting of accrued interest
https://www.lse.co.uk/rns/GUN/partial-disposal-of-holding-in-rogue-baron-vsjuv1udtbnittm.html
Shares are currently locked in until early next year and Rogue Baron have also applied to list in the US OTCQB market which will widen the investor base.
https://roguebaron.com/wp-content/uploads/2021/04/Rogue-Baron-_OTCQB_Application_announcement.pdf
Rogue Baron has also released the below update a few days ago which announced record sales in their Washington DC bar.
https://roguebaron.com/wp-content/uploads/2021/07/RNS-Bin-June-Record-Sales-13-july-final.pdf
Asides from £2 million in cash, I believe that IME are still holding 318,740 shares in BOOM worth around £2.8 million
https://www.lse.co.uk/rns/IME/form-83-audioboom-group-plc-uco5ghb1zveujfm.html
The webinar is now on Youtube...
https://youtu.be/EUqVBE7GCqM?t=3812
https://www.lse.co.uk/rns/BELL/second-us-distribution-agreement-jox3zq1ltrcwjs9.html
LONDON, U.K. AND PLANO, TX, U.S. (5 July 2021). Belluscura plc (AIM: BELL), a leading medical device developer focused on lightweight and portable oxygen enrichment technology, announces that, as anticipated, it has signed its second US distribution agreement for its X-PLO2R™ portable oxygen concentrator ("POC") portfolio. This is the next stage in establishing US-wide distribution coverage as part of the Group's commercialisation strategy.
The distributor, located in the Midwest US, is a leading nationwide seller of supplemental oxygen and respiratory equipment. The distributor immediately issued its first purchase order with anticipated delivery of the X-PLO2R™ portable oxygen concentrator expected Q3 of this year.
As described in the Company's Admission Document, Belluscura's plan is to appoint distributors in the US to give US-wide coverage for the launch of the X-PLO2R™; and this is expected to occur in the second half of 2021 and into 2022.
Robert Rauker, CEO of Belluscura plc, said: "We continue to be very pleased with the reception the X-PLO2R™ portable oxygen concentrator is receiving from distributors and look forward to commercial launch in Q3 of 2021. We expect to announce additional distribution agreements in the very near future."
Interesting company and I have some questions on how the business concept would work. Does anyone understand how the below would be handled by VLRM? Would like to understand more before deciding if this is worth investing in.
One of the benefits that was explained in the CEO interview was that the platform would enable trading of global shares outside operating hours. A few questions on this...
1) Currently global brokers such as Interactive Brokers offer trading of shares from markets all around the world. They are also launching crypto trading this summer with their platform. Why would someone use the VLRM platform as opposed to a well established broker? Are there any benefits?
2) Why would someone buy the shares of a company through NFTs instead of buying the stock directly on the market? Surely this is an additional layer of risk? If you were to purchase $100,000 worth of Apple shares - would you buy the shares directly on the market of go through this NFT route? Especially if you are buying for long term and intend to collect dividends from the company.
3) Can anyone see China regulators allowing access to their markets with this technology considering they are very strict and have tight controls in place with their financial markets.
4) If they are to facilitate 24 hour trading of global stocks - how would that work? If the market is closed and I want to purchase $100,000 of a company?
Have to say that RMS management would do well to learn from TEK management after seeing the latest RNS from their portfolio company.
After their product was FDA approved back in March, they moved at pace to raise funds to commercialise the product by listing the portfolio company on the LSE. Today the portfolio company announce that they've got their first US distribution agreement signed.
All this is achieved within a couple of months and this is what could have happened at RMS if we had a capable management team in place. RMS had the right product but not the team in place to execute the commercialisation.
https://www.lse.co.uk/rns/BELL/first-us-distribution-agreement-al0acvlcm4mcekh.html
LONDON, U.K. AND PLANO, TX, U.S. (23 June 2021). Belluscura plc (AIM: BELL), a leading medical device developer focused on lightweight and portable oxygen enrichment technology, announces that, as anticipated, it has signed its first US distribution agreement for its X-PLO2R™ portable oxygen concentrator ("POC") portfolio. This is the first stage in establishing US-wide distribution coverage as part of the Group's commercialisation strategy.
The distributor, located on the East Coast of the United States, is an established nationwide seller of supplemental oxygen equipment. The distributor has immediately issued its first purchase order with anticipated delivery of the first X-PLO2R portable oxygen concentrators expected in Q3 of this year.
As described in the Company's Admission Document, Belluscura's plan is to appoint distributors in the US to give US-wide coverage for the launch of the X-PLO2R; and this is expected to occur in the second half of 2021 and into 2022.
https://en.wikipedia.org/wiki/David_Lenigas
Potentially Lenigas has changed but he does have past form. The SP of VLRM has moved up a lot in the past week so a period of consolidation is expected as people take profits off the table.
I thought it was important to point out the facts. When you are invested it's easy to look at everything with rose tinted glasses.
Investors need to understand that there is a risk of short term price suppression whilst the CLN agreement is in place. Obviously it depends on if Negma Group convert and sell or not. However, from their past CLN agreements they have sold down after converting.
"That dodgy company that took a Negma finance option called NCYT is doing ok today"
18th Apr 2019 - Share Price was 23p before CLN agreement was announced
https://www.lse.co.uk/rns/NCYT/convertible-bond-facility-nvob6poi9h7lvrw.html
5th Nov 2019 - Share Price was 6.8p just before the CLN agreement was terminated
https://www.lse.co.uk/rns/NCYT/new-term-loan-and-termination-of-bond-facility-65l5tah2oby62ch.html
The day the CLN agreement was terminated - the SP jumped nearly 20%.
"They have an amazing portfolio but these types of stocks seem to all be wrongly bundled into 'cryptocurrency' and then follow the obvious demise of the dreadful Bitcoin."
I would say that investors in KR1 do follow the NAV of KR1's basket of tokens and coins that they hold. The below portfolio (pinned in KR1 Telegram group) consists of their 30 biggest positions.
https://cointracking.info/portfolio/8699e611339066a72040
The NAV hit £283 million on 15th May and is currently around £100 million and the drop is reflected in the current SP.