Member Info for ICB888

Ed has stated his view that SEED will have a Market Cap in excess of £50 million by the end of this year. In the final results to 31/3/21 the NAV was £24.98 million. The only investment that can get him there is Leap. I therefore believe £20 million as a valuation is light. Ed would appear to be expecting a minimum of £25 million from Leap and as we always trade at a large discount to NAV he would need the NAV to be well above £50 million to ensure the market cap was £50 million.

They said they expected Leap to be in profit at the beginning of this year if memory serves but when this wasn’t achieved Ed said in an interview that at this point in its development revenue was more important than profit. We all know examples of companies that have IPO on valuations upto £ billions without ever showing a profit.
Ed has said Leap are working on an IPO on more than one occasion and is on the board of Leap to assist with it.

I agree that the presentation is well worth watching. Mark is getting much more polished and makes a very professional case for Condor. He makes the point that construction of the mine has commenced and the Mining Ministry has been informed. Mark recently had a 3 hour meeting with the Minister because he was so interested in the project and asked what help Condor needed (previous meetings normally an hour). Condors geologist thinks the evidence points to the amount of gold being closer to 10 million ozs than 5 million ozs. Mine building costs recovered in 12 months.
This is impressive stuff for investors but is also a strong pitch that should attract buyers and/or major partners.

Has the zoom call now taken place?

Mark Child, Chairman and CEO commented:

"I am delighted to announce robust economics for two mining scenarios in an updated technical study on Condor's 100% owned La India Project. The highlight of the technical study is a post-tax, post upfront capital expenditure NPV of US$418 million, with an IRR of 54% and 12 month pay-back period, assuming a US$1,700 per oz gold price, with average annual production of 150,000 oz gold per annum for the initial 9 years of gold production. The open pit mine schedules have been optimised from designed pits, bringing higher grade gold forward resulting in average annual production of 157,000 oz gold in the first 2 years from open pit material and underground mining funded out of cashflow

Obviously I meant to write 0.28!

Has anyone who logged into the Cannabis Capital market forum got anything to report from Ed’s appearance?

Closed 2.3% Up which is moving in the right direction on volume of 774000. The last reported trade of the day was also the largest a 149600 Buy at 22.45p from an hour earlier. Let’s hope we see further large buys as the week progresses as we await news.

What has happened to Fridays volume and number of comments which one would have hoped would continue today?!. Very slow so far with just 10 trades for a volume of 168000. There should be some good news flow this week and everyone should be back at work after the summer holidays. Let’s see if this can start to rerate this week.

We have a 52 week intra day high of 28p just 8 months ago in January this year. We have made alot of progress since then with Dynasty and are about to get Satoshipay back on track so 0.2 is not very ambitious. We should be thinking 0.3 to 0.5 but that’s just for starters as BLU is massively undervalued.

Another low volume day but gold moving up quickly today currently 1831.

The following tweet was posted on another bb by doodlebug4
Pendulum Retweeted
Sam Conner the Stellar Lumenaut #XLM
@samconnerone
·
3h
The preview I saw yesterday had me floored!!! This is revolutionizing the way people will like
@StellarOrg
forever!! #XLM
@pendulum_chain
#AMM #DEFI #FX
Looks like the Pendulum news is going to be a game changer.

It is difficult to understand someone selling now just as Satoshipay is looking really promising with an announcement that could land any day. We also know that the Dynasty IPO by year end will be a massive increase in NAV. But if they want to give money away it’s probably rude not to buy some more!

It is good to see how well a company already operating in Tanzania is doing as it shows what AEX can achieve. Wentworth is Up 9% this morning on strong results and these are the CEO’s comments
Katherine Roe, CEO, commented:

"We are delighted to have delivered a record financial and operational performance in H1 2021 which underpins our decision to increase our interim dividend once again, to $1.32 million. Following a challenging period of global economic uncertainty, to have delivered this record performance demonstrates once again the strength of our fundamentals. Our commitment to maintaining these is unwavering.

"Whilst we have enjoyed a robust first half, we remain focused on meeting our full year potential and meeting the growing demand in Tanzania for reliable low-cost power. The strength of our team and partnerships, the reliable performance of the Mnazi Bay asset and the improving outlook in Tanzania ensures we are in a positive position for the future."

It is very much chicken and egg here. Essentially you can line everything up to finance and construct the project but obviously the project needs approval from the Government before the various parties are going to make a final commitment. Hopefully yesterday’s announcement ticks the last box and they can now submit a clear plan and how they propose to execute it.

Tweet from Ed about LGP results today. Look at what he thinks it should be valued at and it’s not the first time he has said it:

Ed McDermott
@edmcdermott12
· 4h
Excellent results and I expect this to continue going forward.
I honestly believe #LGP should carry a multi hundred million mkt cap. I have a great deal of confidence it will be in due course. Looking forward to seeing the team in london next week #SEEDinnov #cannabis twitter.com/seedinnov/stat…

So we don’t know how many multi hundred million he has in mind but each one will be worth £3.14 million to SEED. That is looking like a very promising investment and the impression is that we won’t have to wait too long for it to actually happen.

“Our team is now close to completing the prototype with a Stellar-Pendulum bridge and a simple automated market maker."

https://pendulum-chain.medium.com/introducing-pendulum-smart-blockchain-connecting-fiat-and-defi-6d2dc06e7055
Looking very promising now that Tony Fabrizi is right about Pendulum. There is even a reference to Dtransfer:
Automated market makers (AMMs)
The strong demand for the Fiat-DeFi bridge is often combined with the need for automated market makers (AMMs) to introduce scalable liquidity pools for fiat currencies. As AMM smart contracts are deployed on Pendulum with quick and efficient exchange of fiat tokens, cross-border money transfers such as DTransfer will benefit from a fast, transparent, and cost-efficient currency exchange process.

Now up 4.6% on volume of 626000 but they have not moved the offer Up after that 23.90. It remains at 22.5/23.0.

100000 just gone through at 23.90 so that should move the price

Up 3.5% as some decent buys appear taking the volume to 470000.