Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Last year's one: https://www.lse.co.uk/rns/AAL/publication-of-offering-circular-aonkp39xsu8sc5s.html
...RNS is identical to last year's one - even dated the same day (both dated 10 March, both virtually identical in content, both for identical amounts, $15bn.)
This year: https://www.lse.co.uk/rns/AAL/publication-of-offering-circular-wn852g6z0dy5c3e.html
Last year: https://www.lse.co.uk/rns/AAL/publication-of-offering-circular-aonkp39xsu8sc5s.html
Quick follow-up question, if I may, not about KR1 itself but about the shares.
How does the multi-listing thing work, in terms of shares being shared between the US and UK exchanges? Presumably x% of the shares are listed in London, y% in Frankfurt, z% in the US (is there a French listing too maybe, not sure.) Are the numbers of shares on each exchange fixed, or is there a mechanism for moving them between exchanges to reflect differences in demand?
Thanks all for taking the time to explain. It's becoming clearer and I will try to pick up a small stake. I ummed and ahhhhed for too long with Argo and obviously I've missed the early sailing here too but it's about time I had some form of crypto exposure.
Thanks again.
OK, so the token holdings and resulting staking income are nice investments for the company and, while any other company could buy these assets right now, they couldn't have got in "on the ground" and taken the maximum returns. So as shareholders we are paying for the expertise of the directors in picking and choosing great blockchain opportunities before they've exploded in price.
That seems reasonable.
Is it also about more than just cryptocurrencies? One reads a lot these days about other non-currency potential blockchain applications. I've seen some chatter in the picks-and-shovels mining field for example - can't say I follow it completely but in terms of guaranteeing provenance (eg avoidance of "blood diamonds", sanctions-busting and so forth.)
No, but I've read Omniscience's thread and the only thing that was clear to me was that I don't properly understand this company. I did think twice about posting just after that big discussion and I understand your suspicions but this is a genuine request for information. I'm very tempted to buy in on the basis of what I've read here and on Stocktwits and based on the recent share price movements.
Obviously it isn't anyone else's job to do my DD for me so I quite understand if people aren't inclined to help, no problem.
Apologies, I've been reading a lot about KR1 but I don't quite get it. Perhaps someone could point me to a synopsis somewhere, or just point out (gently!) the many things I am missing?
I get that KR1 own tons of different tokens, and that the most imminently interesting one seems to be Polkadot. I also get that by staking these tokens they earn income from them. So I guess my fundamental question is: what's to stop any other company from buying the same tokens, staking them, and earning the same income? Just for the current cost of the tokens?
There must be a lot more that KR1 are doing, as otherwise any premium to NAV would seem silly. Clearly it's not regarded as silly in the slightest as a lot of very knowledgeable people here and elsewhere are absolutely raving about it (eg Blonity.)
So if anyone has the time and inclination to explain to a mathematically competent but not very crypto-savvy investor what the full story is here, I'd be very grateful. No doubt it would help others also.
Carlito, you do realise that Black Rock have a small transaction every day, simply because they operate a few index tracking funds that include Eurasia? It's been mentioned on here many many many times. You're reading far too much into it.