Member Info for ICB888

It is also important to remember the Dtransfer business which will be given a big boost from being able to use Pendulum.

Up 44.4% at 0.26 as the volume hits 1 billion.

Now 0.275 Up 52.8% on volume of 770 million.

The lead feature in Investors Chronicle of 15th October was Called “Blockchain Revolution. It provides a good overview of the space Satoshipay is now in. Well worth a read and here is an extract:
“…That chimes with the bold prediction Williams makes that in 10 years' time, decentralised finance (DeFi) will be bigger than traditional finance. It’s all made possible by smart contracts, one of the most important blockchain innovations.
Smart contracts are computer protocols on the blockchain that can facilitate, verify and enforce negotiation and performance of a contract. Rather like using a human conveyancer when buying a house, the blockchain can store parts of a transaction until it is satisfied both parties meet their obligations and are ready to complete. This contrasts with platforms such as AWS or Azure, whose models rely on the centralised ownership of data.
The potential to offer customers decentralised banking services also explains why some developers are prepared to overlook the greater cost of storing data on a blockchain such as Ethereum (which issues the token ether) versus, say, AWS.”

Now Up 33.3% at 0.24. I remember saying the news would come a month or so after the options were announced. Great work to have stopped that scheme.

Currently Up 16.7% on volume of 146 million at 0.21. Moving close to top of the Leaderboard.

Pendulum is being built around two large blockchain ecosystems, Stellar and Polkadot. As such, SatoshiPay expects to become involved in an increasing number of opportunities within the decentralised finance space, a market currently estimated at $100 billion’
That is an extract from the RNS which gives a current valuation of $100 Billion for the DeFi marketplace. If I recall correctly several months ago at the start of Dtransfer Meinhard was talking about Unicorn status for Satoshipay being possible with less than 1% of that marketplace.
Still a long way to go but we can all see the possibilities now and as we also know things move very quickly in this space once they start to gather momentum.
A game changing day for BLU Up 50% from 597 trades and volume of 633 million . The rerate should continue to much higher levels as following today’s rise the market cap is still only £9 million! Dynasty alone is expected to be worth £10 million to BLU when it IPO’s so everything else is in for less than nothing.

Now Up 58% on volume of 321 million.

Now Up 46% on volume of 148 million. When you consider the potential valuation of Satoshipay pay the current £8 million market cap of BLU looks ridiculously low.

The volume is through 100 million from 95 trades after 45 minutes of trading. Top of the Leaderboard Up 295 having been up 41% in early trading. I am very pleased with this morning’s RNS having put the case for Satoshipay for a long time, it is good to see its future looking very bright.

Continued:
There is an awful lot to like about where SatoshiPay is now positioned. The old valuation of SatoshiPay of £17m clearly significantly understates its true value post today's news. Is SatoshiPay worth £30m/£50m/£100m/£??? None of us honestly know, but there is absolutely no doubting that the future looks very bright for SatoshiPay and Blue Star.

Finally, congratulations to Meinhard and his team; like all good management teams they have reacted to set-backs and criticism, pivoted and now come back stronger than ever.

Fantastic news from SatoshiPay this morning, launched its own crypto currency, raising $5m in an over-subscribed sale with some excellent investors. Although it’s taken longer than anticipated, today’s news means Blue’s 27.7% shareholding in SatoshiPay must be worth considerably more than Blue’s closing market cap last night of £5.5m.

In summary, SatsoshiPay has launched Pendulum, a wholly owned subsidiary, from which SatoshiPay will derive significant monthly income and PEN tokens. Just to remind everyone, SatoshiPay has built its business with no recourse to shareholders funds for over 2.5 years.

Pendulum is an open-source blockchain that aims to establish the missing link between fiat and the DeFi ecosystems through a sophisticated smart contract network. Pendulum will connect DeFi to the foreign exchange market, building automated market makers to introduce scalable liquidity pools for fiat currencies, and create yield earning opportunities for fiat token holders.

In todays announcement by Pendulum there are 2 quotes copied below that are worth considering:

Daniel Masters, Executive Chairman of CoinShares:
"The crypto industry is now enabling new business models made possible only by distributed ledger technology and DeFi may be the most significant product to date. I am excited to be supporting SatoshiPay and the Pendulum project. In my view, this initiative, along with many others currently in operation or underway, will entirely re-plumb the legacy banking and financial market infrastructure within the next decade."

Susanne Fromm, CEO of coinIX:
“At coinIX we are excited to be supporting Pendulum as an early investor. Pendulum is creating bridges between fiat stablecoins in the Stellar, Ethereum and Polkadot ecosystems. This provides DeFi yield opportunities to new user groups and further promotes the mass adoption of decentralized financial systems.”

So, what does this mean for Blue’s valuation? If we assume Blue’s investments other than SatoshiPay and Dynasty are worth conservatively £1.5m, Dynasty’s most recent valuation was around £4.5m but will probably be worth circa £10m when it floats in first half of next year. So, let’s say approx. £10m without SatoshiPay.

Blue’s current carrying value for SatoshiPay is circa £5m. This valuation has not changed since March 2019 but in the meantime blockchain and crypto have continued to show strong growth and SatoshiPay have also built a close relationship with SDF and now in today’s announcement they are working with Polkadot and Ethereum. Moving forward they will be generating significant earnings from Pendulum, a wholly owned subsidiary, and they are well positioned in the rapidly expanding Defi sector. There is an awful lot to like about where SatoshiPay is now positioned. The old valuation of SatoshiPay of £17m clearly significantly understates its true value post today's news. Is SatoshiPay worth £30m/£50m/£100m/£??? None of us honestly know, but there is absolutely n

It would not be at all surprising if FM have taken shares but CNR have not disclosed it as. I explained to you in simple terms earlier today. They haven’t named anyone else who has taken shares. Grow up and stop making things up to support your deramping agenda. You are not fooling anyone .

Seingred
You are making assumptions about whether or not First Majestic have taken shares in the latest placing. You say that because they haven’t been mentioned in the RNS they weren’t involved. Let’s look at what the RNS actually said:
“Condor Gold (AIM: CNR; TSX: COG) is pleased to announce a placing of 11,714,286 Units (as defined below) at a price of 35p per Unit (the "Placing Price"), including a Directors & CFO subscription of 2,972,144 Units ("Directors & CFO Subscription"), for aggregate gross proceeds of £4.1 million before expenses (the "Placing"). The Placing has been undertaken by the Company and its Brokers with institutional and other investors. Completion of the Placing is conditional, inter alia, upon receipt of funds by close of business on 29 October 2021 and admission of the Units to trading on AIM, expected to be on or around 2 November 2021. The Company has received conditional approval from the Toronto Stock Exchange (the "TSX") for the Placing.”
So apart from the Directors and CFO[full details of the shares they are taking are set out in the RNS] the RNS only refers to”INSTITUTIONAL and OTHER INVESTORS” . The RNS would not name FM in the same way they haven’t named other investors. Unless when the shares are actually issued it takes an investor over 3% of Condor and they have to declare it we will not know who any of them are. So your first paragraph is essentially nonsense.
The rest of your post is your usual agenda driven deramping which we have seen many times before. I really don’t think anyone is interested in hearing it yet again.
Just remember a bid could land at anytime or toll mining which would make your deramping look very foolish and costly for anyone who was taken in by it.

It is good that the financing is sorted to take CNR to the final financing to construct the mine. It is also possible for all shareholders to buy shares at the placing price in the market today, so if you had wanted to take part in the placing you are effectively able to do so.
However I am surprised at how low the placing price is. Mark in virtually every interview he has given mentions the 50p per share that First Majestic took in payment for the Sag Mill. He has emphasised this to make the point that FM were happy to take the shares at 50p because they put that value on it after doing their due diligence. If FM were satisfied that was fair value why do the Directors think they should be able to have shares at less than 50p. At least they will have to pay 50p to exercise their warrants but it is disappointing that they didn’t follow the 50p FMprice. It will be interesting to see if FM take up any shares in the placing as I would imagine they are not too impressed with the deal they got although at least some of the money will be used to pay FM the balance of the funds due for the sag mill.
This should now be the low and we can now start to build the sp back towards the £1 that it should be at to reflect the true value and where we want it for the final raise which hopefully will be largely debt finance. In the meantime let’s see if they can sort out some toll mining to get some cash flow.

As there is an Investor evening today I would expect the media interviews tomorrow. But you never know.

Now Up 7.9% on volume of 3.7 million. Looks like a large volume day is well underway.

Good start with AT trades from the opening. Currently Up 5.3% at 8p on volume of 2 million.

One small AT trade has paid 7.8p. Let’s see if we get volume at that price as the day progresses. 8p is looking a distinct possibility as volume is only 2.6 million as the first wave of AT trades kicks in.

The report filed today is I believe a requirement of the Canadian Market. it will be interesting to see if it sparks any interest in Canada.