Member Info for ICB888

There have been comments on the bb’s regarding the pace at which DeFi will build its place in global foreign exchange.
When commenting on how quickly momentum can be gained remember what Is said on the website about Satoshipay:
“ SatoshiPay is a Decentralised Finance (DeFi) technology business that has built the DTransfer platform to provide frictionless, cross border B2B payments. In parallel and to support DTransfer the company has also built Pendulum, an open-source blockchain built on the stable and existing Substrate framework. Pendulum establishes the missing link between fiat and the DeFi ecosystems through a sophisticated smart contract network. Pendulum has so far raised $5 million for its further development by the private presale of Pendulum tokens.

Digital wallets are a mechanism allowing consumers to make payments using their mobile or desktop device. The Solar wallet from SatoshiPay, powered by the Stellar Network, has more than 25k instalments in 40 countries. It is recommended by the Stellar Development Foundation, which coordinates the Stellar network.”

Now remember that Dtransfer has been operating for about 4 years working closely with Pendulum which should enable it to get first mover advantage in the new DeFi cross border B2B payments arena.Satoshipay has more than one string to its bow and Pendulum was conceived to facilitate Dtransfer. Exciting times.

No the deadline wasn’t missed and trading was resumed at 2pm today after filing the results this morning.

The lock in period is clearly stated in the RNS:
“ Initial consideration payable on completion of the sales agreement is US$0.5 million in Chariot Ordinary Shares based on the 30-day VWAP prior to financial closing of the Djibouti project (representing 2,267,694 shares). Deferred consideration also payable in Chariot Ordinary Shares up to US$0.5 million (representing a maximum of 2,267,694 shares), is payable within a 24-month period dependent on achieving financial close on further projects. It is intended that the Ordinary Shares issued under the initial and deferred consideration will be subject to a lock-in period of 12 months.”

They can’t sell those shares for cash anytime soon as they is a 12 month lock in on each tranche.

Will we get an update tomorrow as we did on 1st August,September and November? Last February the Ruvuma Update was on 2nd February. The start of a month seems to be a popular time for AEX to make update announcements. It will be exactly 3 months since the RNS which said the spud date was delayed and a quarterly update on operations would be appropriate.

https://www.investorschronicle.co.uk/ideas/2023/01/30/more-good-news-to-come-for-this-commodities-royalty-company/

I am fine with Tony Fabrizi having his incentive for once more taking the lead role at `BLU. Tony has been involved with BLU’s investment in Satoshipay from the beginning. He has a better understanding of it than anyone and is the right man to ensure we finally get the big payday we have long hoped for. I invested in BLU for Satoshipay when they bought shares from FFWD and have stuck with it. Dynasty should do extremely well for us as well giving a reasonable expectation that this year BLU will become a Penny Share!

Just worth noting that with today’s 4.3% rise to 0.245 BLU is 100% above the 52 week low of 0.1225 set on 15th December 2022. We now need to rise another 100% to reach the 52 week high of 0.49 set in February 2022.. This seems highly likely with the news we are expecting and the Directors are confident because there would not be a good return on their new warrants unless the sp was at least 0.5 before they exercised them.

Does someone have a link to the new Cenkos note mentioned this morning by Jagua?

Adam Davidson, Chief Executive Officer of Trident commented:

"Trident has continued to generate good momentum over the past 12 months, and we finished 2022 with our best operational quarter since inception. Q4 2022 saw record royalty receipts of $3.5 million, 46% higher than the previous quarter and a ninefold year-on-year increase.

There has also been significant progress across the portfolio. Mimbula continues to develop into a meaningful copper operation, recently producing first cathode and with the operator raising in excess of US$135m across 2022 to support development and future expansion plans. Legal hearings for appeals at both Thacker Pass and Sonora were held in early January, with decisions expected in the coming months. We remain encouraged by progress at both, which moves us towards achieving meaningful battery metal exposure and transforming the portfolio and future cashflows.

The disposal of several pre-production gold royalties to Franco-Nevada crystallises significant value for our shareholders and by further strengthening the balance sheet, enables us to take advantage of opportunities as they arise. Commodity demand requires capital investment, and with traditional equity and debt markets currently unfavourable to many operators, royalties are likely to fill part of this funding gap. Having built a very strong balance sheet over the past year, Trident is well placed to be part of this. We have a solid core portfolio and are assessing a wide range of opportunities. We look forward to reporting on progress during what is likely to be a key year for the Company."

The comparison to Mako looks very plausible. If one takes the 2.5 multiplier on the £77 million market cap that gives a CNR valuation of £192.5 million. That valuation sits close to the top of the £100 million to £200 million range mentioned by Mark Child at the start of the asset sale process.

The last mention I can find of Googly is in the Final results RNS on 25th March 2022:
“ Our portfolio of esports companies is headlined by Dynasty (renamed Dynasty Media & Gaming in a post period announcement) and Guild Esports PLC, each of which have successfully launched their products, and the remaining six (The Drops Esports, Diemens Esports PTY, Formation Esports SAS, Googly Esports plc, The Dibs Esports Corp and Paidia esports Inc) are continuing to develop their businesses. The Board remains confident in the strong underlying trends in esports and believes in the benefit of the portfolio approach when investing in early-stage companies, and that there continues to be value to be achieved moving forward from the esports portfolio. The Board will continue to monitor their progress and will update the market when appropriate to do so.”

Up 7.1% back to Tuesdays closing price of 0.225 on volume of 17 million. The latest buys going through at 0.2298. Looking very promising to set a new 6 month high.

The share price is recovering at 23.5p it’s only 6% down and the Buy volume has caught up with the sell volume as the total volume reaches 4.7 million. The interims don’t contain significant new information as that requires a separate RNS. The traders have had their fun and normal service can be resumed as we await actual news.

The Asset sale process was announced by RNS on 22nd November 2022. Two months have now passed and I think it would be appropriate for shareholders to receive an update on the progress of the asset sale process. Perhaps the indicative bids keep being revised upwards due to the ever increasing price of gold.

It is worth remembering that last January in anticipation of big events at Dynasty and Satoshipay BLU rose quickly and was above 0.5. We are now one year on. We know that Dynasty is continuing to grow at pace and that Satoshipay has made huge advances which are rapidly closing in on a major revaluation event. BLU must be worth considerably more than it was last January so a rerate to 0.5 in advance of expected news should be a strong possibility.

1 million buy at 0.202 just gone through.

Gold continues its rise this morning to 1940.

Calibre up 6% so far today and is clear above the level it was at the time of the sanctions.

Gold continues to rise and is currently 1931 having approached 1940 earlier. This is clearly good for Condor’s valuation as it gets ever closer to the high end valuation figures based on Gold at 2000.