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Seingred thinks we are all fools but we are not taken in by his long winded deramp to facilitate his trading strategy, which he has set out in his last post.
No one has any problem with your trading. What is objectionable is that you chose to share it with the board in an attempt to influence others with your negativity, predictions of further delay and how you have predicted everything for years.
No one is interested in your self serving ramblings and to the extent that they tarnish the company’s image to the detriment of long term shareholders and potential new ones it is objectionable.

Another good start Up 4% to 7.9p on volume of 350000.

As Leap is clearly a leading global company in its field working with most of the big global companies it’s revenue must be considerably higher than the $5 million per annum used in that example. Suppose Leap is doing £1 million per month, then on the 34x multiplier that’s over £400 million. £ 500000 per month would give a value over £200 million. Just illustrates how some very high values can be achieved.

Seingred has yet again posted his rambling deramping trades tale stretching the timelines to production blah blah blah. I doubt anyone bothers to read it for the umpteenth time.
What he chooses not to mention is the increasing likelihood that Condor will be taken over well before production as suggested in Jochen’s recent video. Just to remind you all:
Condor “Might be a Takeover Story”
Well worth watching this video: https://www.youtube.com/watch?v=qEvVelzMiKI
It’s our old Swiss friend Jochen conducting an interview with an analyst about gold and silver. He tips 5 gold stocks one of which is Condor which he says is incredibly cheap against the value of its gold. Jurgen interrupts to say Condor “Might be a Takeover story” and the analyst very much agrees with that comment.
I have believed for a long time that Marks preference would be a sale and now is a perfect time for the big boys to take over companies like Condor. Interesting times and the prospect of a near term takeover or substantial buy in from a major should start to see Condors sp moving up. In the event of a takeover CNR will be valued on the basis of its gold in the ground not it’s current ridiculously low share price. The predicted increase in the gold price is therefore highly relevant to Condor even though it is not yet a producer.
So in my opinion you should balance the deramping traders stories of long timescales to any money against the increasing likelihood of a takeover. No problems of placings and dilution if that happens.

It is a big incentive for Ed to get the Market Cap above £50 million and onto the £100 million which was his next stated target. Having options at 19p and 25p indicates that Ed was confident they would be exceeded by a considerable margin. It shows an admirable attitude to set option targets that won’t kick in until all shareholders have seen a good return on their investment.

Thanks for the comprehensive summary of the presentation released on Friday.
What is the “Gas New Venture” likely to be which the timeline says is the next deal to be announced and comes before the “Reserves Report” we are all eagerly awaiting.

If you don’t believe a word Ed says, if you have an ounce of belief in that statement you should not be invested in SEED.
Ed is regularly criticised for not buying shares in the company. However Ed has stated he can’t buy shares because it would be illegal for him to do so as he is in possession of insider information. For example Ed has been a Director of Leap for over a year to assist with its IPO or other liquidity event. So he actually knows how much Leap is likely to be worth.
It should be noted that Ed has a big incentive to multi bag the share price from its current 6.35p so he can get some shares.
In February 2018 Ed was granted options with a 5 year life entitling him to 2 million shares vesting equally over a 3 year period. The exercise price on 1 million shares is 19p and on the next 1 million shares it’s 25p.
So when Ed predicted that this year SEED will have a minimum market cap of £50 million he needs that to happen to get his share options in the money. The options will lapse in 2023.
It is only Leap that can deliver the £50 million+ market cap anytime soon. Ed knows what Leap is going to be worth and see no good reason not to believe him.

Midas has chosen a figure of £30 million for Leaps value to SEED but why has he suggested such a low figure?
Over a year ago Ed was saying comparable companies were valued at £100 million+. He also said he wasn’t concerned by a delay in Leap’s liquidity event because it just kept getting more valuable every day. I would be surprised if anyone is going to suggest that Leap is not worth considerably more than it was a year ago. If Ed is right it would suggest that Leap’s value to SEED is worth £50 million to £100 million+. It follows from that the NAV of SEED will be £50 million plus with a corresponding share price. The Derampers are getting increasingly desperate.

I would like to commend and very much agree with GardenEye’s excellent post early this morning.
The derampers didn’t like it but I think they are firmly on the back foot in the face of the 25% rise at the end of the week.
In response to the suggestion of £3 million revenue per month the derampers are asking about profit. They are correct to recall that a year or so Leap were expected to announce a profit in the following quarter. The profit was not announced but Ed said at this stage in Leaps development increasing revenue was more important than profit. We all know this to be true if we just look at most leading technology businesses who achieved large market caps without making a profit for many years.
Anyone who wants to bet against an early liquidity event for LEAP at a market leading value will only have themselves to blame when they miss out on a multi bagging event at SEED,but in the meantime we will no doubt have to continue watching the increasingly boring Carry on Deramping.

If and when a bid is made for Condor it will be based on the value of its gold in the ground not it’s ridiculously low current share price. CNR’s current market cap of £46 million is a small fraction of its true value. Listen to what the man said in the interview yesterday.

Your money will be tied up until after 8th of June but you don’t have to give your instructions until 6th June. I have given instructions to Barclays who won’t take the money from my account until the 6th.

You sound very confident TheeDuke. It’s almost as if you know something is about to happen!

SEED now number 2 on the Leaderboard Up 17%

Perhaps it’s time to LEAP aboard the SEED train which appears to be leaving the station.
Now Up 14% at 5.7p

A positive start Up 5% at 5.25p on 5 trades and volume of 105000. Last trade was a buy at 5.45p.

Well worth watching the video. It’s our old Swiss friend Jurgen conducting an interview with an analyst about gold and silver. He tips 5 gold stocks one of which is Condor which he says is incredibly cheap against the value of its gold. Jurgen interrupts to say Condor “Might be a Takeover story” and the analyst very much agrees with that comment.
I have believed for a long time that Marks preference would be a sale and now is a perfect time for the big boys to take over companies like Condor. Interesting times and the prospect of a near term takeover or substantial buy in from a major should start to see Condors sp moving up.

It seems clear that the UK license is a significant milestone that is largely responsible for the IPO not being commenced sooner:
“ The long-awaited content supply license is a significant milestone for Leap, allowing it to access the lucrative UK gaming market, which, according to the Gambling Commission, the regulated gambling industry in Great Britain generated a gross gambling yield ("GGY") of £14.1bn during the period April 2019 to Mar 20201. The license is expected to unlock a great number of immediate opportunities for Leap for its existing content portfolio through its current estate and immediate pipeline. The UKGC license is added to the other recent licenses obtained by Leap in Sweden, the Netherlands, Romania, South Africa and Greece.”
It will be equally important to other M&A options that are being looked at as it unlocks a number of immediate opportunities and therefore present and future value.

Yesterday’s RNS told us that LEAP has reached a key milestone with UK approval which had been delayed due to factors totally outside its control. This will now further accelerate Leaps already impressive growth. We then had the Proactive interview which provided the opportunity to hear directly from the CEO of LEAP. The UK approval is clearly very important to the liquidity event and will add considerable value. We were told by Ed that an IPO was being worked on as the preferred route but is not the only option. We all remember Ed talking about an IPO for EMMAC and then 2 weeks later it was sold.
The lesson here is just because Ed has promised an IPO in 2022 that we will have to wait until the end of the year and we could quite easily see a sale next month. Ed also mention how the market was very keen on gaming companies at the moment so clearly a good time to do a deal.
It will be interesting to see if SEED starts to rerate as the significance of yesterday starts to sink in.

Nothing for me from Barclays.

“ We feel this key milestone was critical before any liquidity event for Leap's shareholders. ”
Ed’s words from todays RNS. Was this news the last tick in the box before the liquidity event?
I would certainly like to think so.
Ed then goes on to say “ I will continue to work tirelessly alongside Yariv and the board to see through a public listing".
Is Ed now telling us it will be a public listing or is it gamesmanship to get that bid from IMG.
It’s clearly a major step forward and further news should follow soon. If it’s an IPO launch then a valuation will have to be disclosed.