Member Info for ICB888

This post from Nico makes a very good point:

“ Selling Blu under 0.4p is like selling SatoshiPay at zero or even negative value”

Obviously you should put your money in BLU as Satoshipay has no link to Bitcoin or indeed to the volatility in crypto currencies generally. Satoshipay will use a stablecoin in its foreign exchange business which is a huge market that is not affected by Bitcoin.

I am pleased to note that 11.75p is his minimum target. It is clearly very conservative and set there to ensure he meets his target as it is less than 1p above our current `NAV. When the Leap sale or IPO arrives 11.75 will be history.

As China and India are committed to coal for decades it is increasingly difficult to understand why Hasina would not approve Phulbari. The political risk of not doing so seems to be massively higher than continuing her position. Coal is vital for energy security but also it is the only affordable energy. If Bangladesh doesn’t use its own coal it will not compete economically with China and India.

The specific Coal quotes
“ Not exploiting own coal reserve is another poor decision. Coal mining applying appropriate technology does not cause significant environmental impact. We rather remained almost exclusive depended on natural gas”
and
“ But there is also absence of required initiatives. The rationale for leaving substantial quantity of superior quality coal must also be reviewed. Our carbon footprint is nothing mentionable. Many countries of the world developed utilizing own coal resources and many are still relying on it. Coal alone can create 75 years energy security for Bangladesh. It is time for giving it a serious fresh attention.”

It is quite clear that there is strong support for Bangladesh to use its own coal. The low environmental impact and 75 years of energy security are compelling aruements for mining at Phulbari.

Extracts from the Bangladesh Energy conference:
Gas is extremely valuable commodity now. LNG import and supplying at whatever might be the costs is a weird concept. Going for LNG import, leaving our own exploration uncared was a major flawed decision. Not exploiting own coal reserve is another poor decision. Coal mining applying appropriate technology does not cause significant environmental impact. We rather remained almost exclusive depended on natural gas. We have to reviewer whether it would remain economic using expensive gas for fertilizer production. We have to decide which sector would use considerably cheaper Legacy Gas, naturally available. We have decide which among the industrial, domestic, fertilizer or power sectors would continue using depleting own gas resources. Legacy Gas should be used, wherever maximum value addition is made.

Abul Kasem Khan observed that growing into an exclusive imported fuel depended economy would entail huge risks. This may adversely impact economic growth and development process. There remain significant possibilities for finding gas in Bangladesh. But there is also absence of required initiatives. The rationale for leaving substantial quantity of superior quality coal must also be reviewed. Our carbon footprint is nothing mentionable. Many countries of the world developed utilizing own coal resources and many are still relying on it. Coal alone can create 75 years energy security for Bangladesh. It is time for giving it a serious fresh attention.

Many thanks Jimmy. I now appreciate how the timeline works. I did very much like your later comments that the Banks would be very keen to get CHAR signed up quickly as possible as there will be a queue of eager bankers. I am going to hold that picture in my head as I pour my pre dinner G&T!

This is a question for Jimmy and /or SHC regarding accelerating the project .
Adonis said in the RNS:
“ Our ambition is to bring the Anchois gas development online as quickly as possible, to fuel Morocco's economic growth, but also to deliver near-term cash flows to the Company. We will now look to conduct further analysis on our findings, to optimise our development plan for the field, with both wells earmarked to become potential production wells, as part of an accelerated field development plan for the benefit of all stakeholders.”
The Moroccan Partner said:
“ My congratulations to Chariot and ONHYM teams for the successful Anchois drilling operations. I also would like to thank the Moroccan authorities for their support and help in achieving the drilling operations efficiently despite the Covid-19 pandemic restrictions. We look forward to working with Chariot in order to quickly progress the gas development‘

There are clear statements about bringing the gas online as soon as possible. My question is if every possible effort was made involving a big boy partner if available just how quickly could first gas be achieved?

Thank you for that report Phulbari. It is good to note that they remain confident that China will finance this and that has to be very positive. China can put the pressure on Hasina ,so let’s hope they are going to press this now the Covid situation is improving and COP 26 has made it very clear that China and India are full steam ahead with coal for many years.
Did the shareholder questioning Tang about Pol get any answers?

You raise doubts because they have used the word “potential” in the last RNS. I think you will find the words used are a requirement of the Nomad. Until all the analysis is done they can’t give a definitive position. We have had a very positive report of the successful drill, which will be confirmed by the experts in due course. There is no reason to believe everything will not be as we expect, probably better. You should know that there are strict rules about what can be said until you are 100% certain. Your comments about reading between the lines are not relevant here.

Looks like that 3.6 million trade at 9.05p was the cause of the fall. The trades continue at a higher level now with the AT trades at 9.48.

Ragnar posted his very useful research on another bb and it was responded to by our large shareholder Nico
Great post Ragnarr

I believe at 0.4p Satoshipay is in for nothing hence my 0.6p plus target.

How much do you think Satoshi Pay could be worth with a following wind ?

To be honest the parachain is beyond my intelligence (not hard ) ..some friends of mine are very excited by it .

What is your price target for Blu ?

Thanks for your great post

As reported by DB4 on the other bb:
Meinhard's latest blog:

The road ahead
Pendulum’s testnet is currently being built and will launch shortly. Our technical roadmap is being solidified and extended, with valuable input from our amazing presale supporters.
We’ve recently sent out an updated token launch strategy to our presale participants. The biggest news here is that we have decided to become a parachain — a blockchain running on the decentralised node infrastructure of the Polkadot network. The major advantages of launching as a parachain are a strong engaged community of developers and a secure decentralised network from day one. To make this happen, we will participate in parachain auctions and will also set up a strategic supporter round before that. Full steam ahead!

Our B2B cross-border money transfer service DTransfer, which triggered the development of the Pendulum concept, will grow at a steady pace in the coming months. DTransfer is getting ready for first Pendulum-based test money transfers and preparing transfer corridors with solid fiat stable coins in place.

Many exciting announcements will follow this one, as we are massively growing the team and preparing to release milestone after milestone. The road to becoming a Polkadot parachain will instantly make Pendulum a tier-1 ecosystem in itself and we can’t wait to build a large community around it. Join us!
Meinhard Benn, on behalf of the entire SatoshiPay team

The 10 million was a sell at 0.43 late reported from 10.51 am immediately following a 5 million buy at 0.45. It’s all in the price now as it happened 3 hours ago.

Max
I believe Dynasty is planning to IPO in April so if as seems likely it is going to be sold to big tech, you would imagine that happening before the IPO. If it’s a sale to big tech and we know they have been talking ,it will be sooner than you suggest. I think we would be talking Q1 and could happen any day with the market place being red hot at the moment.

Now Up 3.4% at 10.70 on volume of 7.3 million. Starting to reverse yesterday’s fall and set off towards Malcy’s and indeed our CFO’s 10 bagger!

But it is relevant to how valuations in Leaps sector are increasing very rapidly with every month that goes buy. I will be very surprised if Leap doesn’t achieve well north of £100 million.

Will we see the late rise on some large trades we saw yesterday or was our early rise today’s action. Not complaining as Up 4.8% on volume of 1 million.

AEX have the 3 D seismic well underway. Perhaps investors have taken note of how accurate CHAR’s seismic has proved to be now they have completed their drilling. This may allow considerable reliance to be put on what the seismic shows AEX and fuel a decent rerate pre drill.

The traders and derampers should perhaps reread What Simon Thompson wrote last week:
The Anchois-2 well has encountered multiple high-quality gas reservoirs with a calculated net gas pay totalling more than 100m, or almost double the level in the original Anchois-1 discovery well. Net gas pay is a key parameter in reservoir evaluation as it identifies penetrated geological sections that have sufficient reservoir quality and interstitial hydrocarbon volume to produce commercial quantities of hydrocarbon.

Analysts at house broker finnCap note that Chariot estimates that the Anchois B sand prospect has a calculated total net gas pay of more than 50m in two stacked reservoirs of similar thickness. The upper reservoir is a continuation of a reservoir drilled in Anchois-1, with the lower reservoir being newly identified. It suggests upside potential to the 247bn cubic feet (bcf) pre-drill 2C contingent recoverable resource estimate in the high-quality reservoir given it has a 3C resource estimate of 375 bcf. To put this into perspective, finnCap’s risked valuation of the combined 361 bcf pre-drill A and B sands 2C resource is US$215m (19p a share), but if the B sands 3C resource is assumed then the brokerage’s valuation rises to US$300m (27p a share).