Member Info for ICB888

ADVFN have this closing Up 14.6% on volume of 6.9 million at 6.42.
As SHC says 3 very good days as there is clearly institutional buying taking place which is moving us back towards a market cap of £50 million which is often a minimum market cap for many Institutions.
If some news can be released that should keep things moving as we don’t want to lose this momentum.

Not sure what LSE are doing with the share price which they are showing as 5.92p when in fact from my Barclays screen it’s 6.5p. The lse price is below the bid price and seems to have come from the most recent uncrossing trade. Pretty useless in my view.

Just to put that $60 million another way that’s £43 million in six months and our current market cap is only £59 million. The numbers are very impressive and just highlight the ridiculous discount at which we are currently trading.

China should stop interfering in Hong Kong, it should stop putting large numbers of its population in concentration camp, it should stop public executions with a pistol in the back of the head. But it won’t and not financing coal will be the same. The FT has been politically left wing for years so not surprising its publishing anti coal propaganda.

There are a number of posters on the other bb who are very negative about Satoshipay and kept disagreeing with Tony and these were his further responses:
no problem in disagreeing. My point about Stellar funding SatoshiPay is that SatoshiPay shareholders are not being asked to fund this phase of development. Most private businesses fail because they run out of money or the original shareholders are diluted out of sight while the business finds its true path to growth. While SatoshiPay is developing, it's incredibly helpful to have SDF's funding support most recently with no dilution for Blue shareholders.

rest assured I had many difficult conversations with Meinhard and his team. I would like to have seen them work harder and there were numerous missed deadlines etc. However, I am also experienced enough to know what they are trying to achieve is difficult and many of the delays have been outside their control. Pendulum is the closest fit by far to their core competencies and its relevance to the Stellar Lumens ecosystem is key. Like you I sound like a broken record when I keep repeating that I believe there is value in SatoshiPay, less than I had originally hoped but far more than most on this board believe and more than the current value in Blue's NAV today. Time will tell who is right and as a long term shareholder in Blue I am sure you will be happy if you are proven wrong!

So there we have it Tony believes it is worth more than the current value in BLU’s NAV which is £4.9 million.

From another bb that River Otter posted on
Tony Fabrizi was asked to comment on River Otter and he responded.
thanks for adding the link to RiverOtter analysis, very insightful. You have asked for my views so:

1. the 5 other esports investments should have been covered in greater detail in the latest interims. Derek Lew is very close to Jonathan Bixby and should be able to obtain an up to date view. For the moment without greater disclosure we can only assume they are worthless.

2. Guild, quoted so we can all see its current value which is about £2.3m to Blue. Blue can sell its shares in Guild in a few months if it wishes.

3. Dynasty: I believe the story is better than RiverOtter is suggesting. The last round was heavily oversubscribed. I would not be surprised if Dynasty alone equalled Blue's current market cap in 3-6 months time.

4. Sthaler: So far raised almost £15m and last valuation puts Blues shareholding around £400k. I could put forward reasons why this might be worth £1m or zero so for the moment I think the £400k is reasonable. Blue only invested £50k.

5. NFT and Leaf: Small holdings lets say £300k combined.

6. SatoshiPay: It's a red herring to talk about Pioneer's lack of shareholding in SatoshiPay implying they dont like SatoshiPay; they became shareholders at the time of esports investments and have never had an opportunity to invest in SatoshiPay or Sthaler. RiverOtter is uncertain of SatoshiPay's value, join the club! I have recently stated that in my opinion SatoshiPay needs Pendulum to work if its to make real progress. They have strong backing from Stellar and while certain posters mock this as being a negative its actually very helpful as Stellar could easily fund SatoshiPay indefinitely if they believe this is in the interests of the foundation. Meinhard gets on very well with the SDF CEO. Personally, I dont believe this will be necessary as I expect them to complete their utility token raise and this will provide all the funding needed for SatoshiPay moving forward. Does this mean Blue can exit SatoshiPay? Possibly, that will depend upon a number of factors on which we can only speculate. A bull market for crypto and SatoshiPay may look very attractive to a number of fintechs looking for a way into blockchain and crypto.

In summary, on my calculations we have SatoshiPay £5m, Guild £2.3m, Dynasty £4.5m, others including cash £1m. Total assets of £12.8m which is around 0.25p per share. If you assume zero for SatoshiPay you have net assets per share of circa 0.15p.

‘Newcomers would be wise to do the same’ says the patronising CrustyPete self proclaimed AEX guru from a negative perspective. I have been a shareholder for more years than I care to remember so I won’t be taking any lectures from him. He bases everything he says on the history of AEX and it’s relations with the Government which as we all know have caused long delays to the project. The point now is has this finally changed based on the new Presidents declaration that the Government will now change its old ways and be helpful to oil and gas companies? If the Government has changed then the foundations of Crusty’s negativity will crumble. HE1 seem to be doing ok.
Why have AEX chosen to use the word robust to describe their negotiations? It suggests they are very active and are putting their case to be paid forcefully. One would imagine they are putting the recent Government statements to them and saying now walk the walk. You can’t expect companies to invest in this country if the Government doesn’t pay them. It requires a rapid resolution or people will be able to revert to Crusty’s historically accurate story of delays.
If I am having robust discussions with someone in a business context the purpose is to reach an agreement sooner rather than later. I hope I am interpreting the message AEX are sending correctly but if I’m not then I am sure Crusty will be along to say ‘I told you so’

£1.30 is the current fair value sp for Condor as stated in the WH Ireland broker note which I believe was reaffirmed yesterday and was mentioned by the interviewer in yesterday’s interview with Mark.

Just to avoid confusion with the Curaleaf heading the investment announced today by RNS is in CiiTECH. It is a Cannabis Wellness company. Another good opportunity sourced by FFWD.

Crustypete should of course remember that obvious confirmation bias apply to both points of view. His agenda is clear to all and he is confirming his negative bias. Unfortunately for him most people on this bb are not Gullible and can see straight through him. He can’t argue his case and so turns to insulting people who disagree with his view. Funny how he read the paragraph but chose not to include the first sentence. Please make your own minds up having read it for yourselves without the negative spin.

I agree a very good interview .
Well worth watching that interview today with Mark. He comes over very well with a confidence inspiring performance. He says the market is not giving them credit for how advanced CNR is with the Engineering. It is just my perception that we may see the timeline to production reduced but to be clear he doesn’t say that. The presenter also comments that there have been favourable comments in the City about today’s RNS and that the fair valuation of 130p has been talked about again.

Crusty Pete
I think you should give the full quote from the report
“The Company continues to hold robust discussions with the Tanzania Petroleum Development Corporation ("TPDC") in seeking resolution of the outstanding payments for past gas sales from the Kiliwani North development licence. Both parties are aligned in the acknowledgement that these matters need to be resolved satisfactorily for the benefit of the local gas industry and to enable Tanzania to secure further investment and upstream gas development.’
The reference to robust discussions adds weight to the following sentence. I think this does support a suggestion that the issue will be resolved sooner rather than later and would fit with the new presidents narrative that the Government has a new attitude to oil and gas companies in Tanzania. I think you will find ARA have a lot more clout to make things happen. Hopefully it won’t be long before we find out who is right.

Tester is it not the case that we should by now have consent from the Government to commence construction which we will do in weeks now with the arrival of the Sag Mill. Is it not also the case that this is not the first election in Nicaragua that Condor has been through, so not sure why people are raising possible problems with this one.

Can the posters worrying about the new headroom please read what the Chairman said
“readying it for future investment, including from institutional investors should NAV and market cap develop as hoped."
So new shares will be issued SHOULD the NAV and market cap develop as hoped. There will be no new share issue until the sp is much higher and so that will almost certainly be after the Leap money comes in as nothing else seems to be moving the sp no matter how good it is.

I own Kinross and Barrick North American gold producers, with good dividends. And then I am the biggest shareholder and a director of Condor Gold, which is a London listed smaller company, which is expanding its reserves and it's very close to producing.

So those are my three gold recommendations. But in the meantime, you just buy the outright metals as well, or buy the futures in the metals, or ETFs or any other way you want to play it, but everyone has to have some gold and silver in their portfolio.

Now Up 10.25% on volume of 7.1 million. A very encouraging start to the week.

Following the success with LGP in the listed space this is back in the space the original FFWD was aimed at I e pre IPO companies that PI’s couldn’t otherwise get exposure to. It’s a decent stake at nearly 9% and Alfredo will be on the Supervisory board to keep a close eye on our investment. Summarised by Ed

Ed McDermott, Chief Executive Officer of FastForward, commented: "This investment is the result of many months of work, and is fully aligned with our comprehensive investment strategy in the European wellness and medical cannabis space, that includes having both liquid and non-liquid assets in our portfolio. This is a meaningful private equity deal and it represents an important addition to FastForward's portfolio of investments in Europe's growing cannabis-sector."

FFWD management are doing some good deals at the moment and are clearly planning to hit the ground running when we relaunch as SEED.

Just listened to last weeks Proactive interview with Ed and Alfredo. LGP is a really good investment which has done well already and they believe has a long way to go in terms of value. But what is interesting at the end Ed makes it clear they are having a lot of conversations and we will be getting more deals very soon and he emphasised very soon. He also commented on the large disparity between the NAV and the current sp. It’s clearly a frustration but he said they will keep growing value and the sp will follow.

Goonerpete not sure about your comparison to CHAR as a lifestyle company for the bod. The main CHAR Director has just subscribed £2.3 million in the recent fundraising and has underwritten a further £5.7 million. He is clearly supporting the company which is not supporting his lifestyle.. CHAR will soon be drilling which should transform the company so let’s hope GCM gets the green light and is similarly transformed.

Real ranger I think you are misunderstanding the note. Condor processing its own ore is just one of their assumptions. In the same way they say it will expand from the starter pits and then underground mining non of which we are currently doing. The 130p is their view of the fair value now. It is our frustration as shareholders that they said that last November and we are still not half way there. Maybe next week!