Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Sounds like a very good deal for the company and shareholders in the long term especially if we get more contracts like the recent one with Quanta Media Group. Pay attention to the last part...
"the terms agreed are highly attractive to the Company, with the aggregate initial consideration below the level of the revenue share expected to be paid to Krunch under the existing arrangements in 2022 alone."
Nigel Burton, Non-Executive Director, commented:
"The Board is pleased to announce this agreement with KrunchData. It removes a significant risk by securing access to and the rights to full ownership of the Krunch platform and intellectual property, as well as removing the potential future costs of the revenue share arrangement, whilst fully aligning the interests of the Krunch team with the Company. Based on the expected growth of the Streams Data business, the terms agreed are highly attractive to the Company, with the aggregate initial consideration below the level of the revenue share expected to be paid to Krunch under the existing arrangements in 2022 alone.
Correction - should be £3.1 million in cash as they had £0.9 million left as at 12 March 2021 plus the placing funds.
https://www.lse.co.uk/rns/MOS/half-year-report-sij9z1zk6zn5a4i.html
Current market cap is around £5.75 million which includes all the shares recently placed and they are holding around £3.3 million in cash which values the business around £2.45 million.
Ignoring the placing and interview timing fiasco - we are expecting news in the coming weeks and months and this looks like a very good entry price for those who are sitting on the sidelines especially as they had mentioned the cash was needed to take advantage of opportunities that would help to accelerate the growth in MOS and create value for shareholders.
The below announcement on the Streams platform targeting the China market for me looks like a very good move and I would expect some contracts to be signed this year with Chinese partners. The Chinese language version of Streams was launched on 14 March.
https://www.lse.co.uk/rns/MOS/partnership-to-launch-streams-service-into-china-x29g6dvmfhhdk2w.html
Charlene Chen CEO of ANOTHER_. said:
"We are delighted to be partnering with Mobile Streams to bring their Streams Platform to China. After receiving extremely positive feedback on the product we feel there is huge potential for the service to help Chinese companies who want to market to a western audience. We look forward to working with the team at Streams to help launch the product and introduce them to potential clients."
It sounds like they already have some opportunities in the background which will help to accelerate the growth of the company going forward. For those that were sitting on the sidelines - this is the perfect opportunity to get in with expected news coming within the next couple of months...
"Further announcements will be made as the Company implements its plans for growth in the coming weeks and months."
"SAE, an independent sustainable energy developer and the owner of the Uskmouth Power Station, is pleased to be a part of the South Wales Industrial Cluster (SWIC), which has been awarded £20m funding from Innovate UK to initiate work to decarbonise the region with a focus on industry and power. The announcement today is an exciting step and highlights the key role the repurposed Uskmouth Project can play in the journey to net zero. SAE will, as a partner of SWIC, carry out feasibility work on carbon capture usage and storage from the repurposed power station.
The project involves the development of engineering and costings for carbon capture and conditioning equipment being located on site. SAE will also liaise with other project partners investigating feasibility of CO2 transport by pipeline to a temporary storage facility at Alexandra Dock before being shipped to a permanent deep store location. The studies of the project are a 32 month programme and would be carried out alongside the construction of the conversion project."
https://twitter.com/simecatlantis/status/1372126010708213760?s=20
SAE is pleased to be a part of the SWIC which has been awarded £20m funding from Innovate UK to initiate work to decarbonise the region.
As a partner of SWIC, we will carry out feasibility work on carbon capture usage and storage at Uskmouth.
https://twitter.com/ZomerRoby/status/1371259532865855493?s=20
Everyone should have some exposure to Bitcoin even if just a small amount as the long term trend is only going one way - better than holding cash and better than holding gold. The Mode App is available on both iOS and Android and takes around 5 minutes to setup an account.
They offer 5% APY for Bitcoin stored in your wallet as a bonus so you can earn profit through the appreciation in Bitcoin price as well as earning interest.
https://modeapp.com
Everyone should have some exposure to Bitcoin even if just a small amount as the long term trend is only going one way - better than holding cash and better than holding gold. The Mode App is available on both iOS and Android and takes around 5 minutes to setup an account.
They offer 5% APY for Bitcoin stored in your wallet as a bonus so you can earn profit through the appreciation in Bitcoin price as well as earning interest.
https://modeapp.com
Everyone should have some exposure to Bitcoin even if just a small amount as the long term trend is only going one way. The Mode App is available on both iOS and Android and takes around 5 minutes to setup an account. You can get £20 free in Bitcoin as well through the referral links flying around on Twitter. Search for hashtag #MODE and you should find them.
They offer 5% APY for Bitcoin stored in your wallet as a bonus so you can earn profit through the appreciation in Bitcoin price as well as earning interest.
https://modeapp.com
The past week's SP decline can be attributed to the recent troubles for GFG Group who owns around 43% of the shares in SAE through "SIMEC UK Energy Holding".
https://simecatlantis.com/investors/information/
Collapse of Greensill Bank
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“Media reports last week indicating that the GFG Alliance’s main source of finance, Greensill Bank, is on the brink of collapse will probably not come as a total surprise to anyone following the history of what has always been a very opaque, almost murky source of finance,” Burns explained.
“The speed of events has spurred competitors to circle in the hope the more saleable bits of Gupta’s empire may shortly be up for sale as the group seeks to bolster its finances.”
In short, GFG finds itself in a precarious position if it does not find alternative sources of finance.
“Greensill Bank provides about €2 billion of financing to the group, with other supply chain facilities provided by other parts of the Greensill group,” he added.
https://spendmatters.com/2021/03/12/commodities-roundup-gfg-alliances-financing-problems-gold-price-slides-oil-producers-walk-fine-line/
This past week’s rise in BTC price proves that Argo were right to keep hodling their coins instead of selling to use as cash. The placing was the best way at the time to raise the additional funds that the company needed to keep Argo relevant 12 months and further down the road. Only short sighted traders who have no intention to hold Argo for longer than a few weeks/months were constantly moaning about the placing instead of seeing the long term value that the placing would provide.
I had taken a position in Mode when it was in the 70s and am currently very relaxed as I believe that the payments solution will prove to be very successful in the UK and Europe and hopefully in the US as well.
I think the way that Mode has made it's entrance into the UK market by providing an easy to use mobile app on both iOS and Android to facilitate Bitcoin purchases is actually a very good move to build up their customer base. I don't see the trading fees for Bitcoin as the main source of revenue for Mode in the long term. The open banking payments platform they are developing and targeting to release in Q2 will be their breadwinner.
I would like to see them partner with major retailers and brands that are on the high street as these will provide them with major opportunities to have daily transactions in the tens of thousands with which we will earn a small percentage. This business model has already been well proven in Asia with Alipay if you refer to an announcement last year when they were preparing to IPO...
"Ant said it made 21.2 billion yuan ($3 billion) in net profit for the six months to June 2020, on revenue of 72.5 billion yuan ($10.5 billion). "
https://www.wsj.com/articles/jack-mas-ant-group-files-ipo-listing-documents-11598349802
With the credit card companies such as Mastercard and Visa charging significant fees for using their network - Mode will be able to offer an alternative form of payment that will save retailers money with which they can invest into marketing and improving customer loyalty through the Mode App by offering coupons and special discounts.
The company has a very capable management team supplemented by yesterday's CTO appointment - Jonathan Conway. The company is also well funded from their recent placing and will move at pace to deliver what they have set out to do. My investment is a long term hold and I believe that this has all the characteristics to become a very successful business in the long term.
Have a watch of the video from Peter explaining why they have invested into Pluto Digital Assets. It is exactly for the reason you have mentioned which is to diversify the company from just proof of work with out Bitcoin and ZCash mining business.
https://www.youtube.com/watch?v=Gs_fUGmbSmY
The below page provides a good summary of the current assets that Pluto are holding and Argo owns 25% of this business which will be listing on the LSE this year
https://plutodigitalassets.com/portfolio/
https://plutodigital.medium.com/heading-to-pluto-come-join-us-93baed0984a9
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We are a newly incorporated London based digital asset specialist focused on developing, supporting, advising and investing into digital assets built on Ethereum, Polkadot, Binance Smart Chain, Solana and other leading innovative blockchain networks. We will stake, provide liquidity, mine and run nodes by utilising cloud based solutions rather than via capital intensive proof of work mining.
Pluto sees huge opportunities in this market and seek to leverage our blend of traditional market and crypto expertise to build a platform that can serve both markets equally. We plan to raise $50m through institutions and HNWI who wish to gain exposure to digital assets via a publicly listed entity. Pluto Digital Assets Plc is in preparation for a listing on the London Stock Exchange later this year.
Good point Zoro and if you read the article - the key point is to find good companies instead of a "dead share" as you mentioned. Do lots of research at the beginning and also when you are holding. Great companies to invest in tend to have the following characteristics and Argo tick all these boxes...
- Great business model that is also scalable
- Great management team in place
- Management team have a stake in the company
- Making substantial revenue and profit
Interesting to observe all the comments after the news of the placing at 200p. Seems like there are a lot of short term traders who are worried that this placing will affect their short term trade hence all the negative comments. Long term holders meanwhile are delighted that the company is now able to raise funds at a significantly higher price than the beginning of last month and understand that the funds will be put to good use beginning with the additional investment into Pluto.
All the building blocks have been put into place to provide Argo a solid foundation to leverage the bull run for both proof of work and proof of stake related cryptocurrencies. For those who have the patience to keep holding until the end of the year - I'm confident that you will realise good returns compared to a lot of other companies out there who raise money but don't bring additional value to shareholders.
For those who haven't yet grasped the concept of holding onto good stocks with lots of potential (happy making their 20-30% instead of missing out on 1000-3000%) - worth spending 5-10 mins to read the below article.
https://microcapclub.com/2014/08/the-conviction-to-hold/
Onwards and upwards!
For those looking to hold long term - hoRookieInvestor82 has done a good job of working out the potential for ARB assuming a continuation of the Bitcoin bull run in 2021....
Patience is key. Picture December 2021:
-BTC price is at $110,000.00
-We finish the year with a HODL of 2000 BTC, worth £160m
-West Texas facility increases MW electricity by 200 MW initially - enough to run 61,500 S19 pro miners! (3250 watts each)
-Those machines provide 6.7 EH, increasing our mining power from 1.7 to 8.4 - an increase of 394%
-Mining difficulty across 2022 is 40% up, we therefore mine 7500 BTC and HODL 7000 of them in 2022
-Profit in 2022 (presuming BTC no higher than $110,000.00) is £555 million pounds
Company valuation:
2021 profit: £150 million (after mining costs)
2022 profit: £555 million
Forward looking profit per year thereon circa: £500m (mining cost to rise, but so will the BTC price to offset that)
N.b. I've not included 2021 revenue, £55m from 2022 or Pluto stake in P/E valuation - help to leverage debt facility and running costs.
£500m x PE of 40 on NASDAQ: Market cap of £20 billion. Shares in issue of 400 million (all warrants and options issued)
Share price: £50.00. Yes you read that correctly £50.00 pounds sterling per share.
The share price calc above of £50.00 by 2023 is calculated on a fairly high P/E of 40 but that is routine and often conservative in the tech sector in the States and secondly is only based on a BTC price of $110,000.00. That is just how big and how successful we COULD GET if we can get the West Texas facility running and most important get the mining S19 pro machines in on time. I haven't even mentioned either that from 2023 onwards we have enough space and power in Texas to increase our EH from 8.4 to 28.5 EH, which is another 240% increase in mining power available if we need it on top of an EH of 8.4!
So future revenue from the new mining site identified is absolutely massive but also don't lose sight that even with our current PH running this year of up to 1.7 we are still a £3BN company with a SP of £8-12 without even looking at the Texas facility if / when BTC gets to £110k this year.
The potential is mind blowing. Just bear the above in mind tomorrow and over the next year when you are tempted to sell. You might think you have hit the jackpot without realising you are only at the start and be left crying into your porridge 18 months from now whilst the long term holders are looking at super yachts on ebay.