Member Info for JiffyBag

LLoyd88, you just wrote:

'Or the board are trying to conn you PIs to prop the share price up for the MMs and IIs to get out so you are left holding the bags'

Can't believe anyone could be stupid enough to come out with such a ridiculous assumption.... can you?

Of course not ,your'e just making it up as you go along, your going to get the sack before long from your boiler room boss 🤣

A group of anti-Putin nationals aligned with Ukraine has allegedly claimed responsibility for an attack on the Russian region of Belgorod.

Ukrainian military intelligence has said two armed Russian opposition groups, the Liberty of Russia Legion and the Russian Volunteer Corps (RVC), both consisting of Russian citizens, had carried out the attack.

https://www.youtube.com/watch?v=jmXu3OF_ul8

Something ALL should watch maybe at the weekend ,just to get a real insight into the flavour of the regime in Russia today, one for you Tim?

Watch it all if you dare, think you will be very surprised.

'Sciences Po and its Provost Sergei Guriev, a world-renowned Russian academic and economist who had to flee his country in a day in 2013, were honoured to welcome @Ekaterina_Schulmann for a very exclusive conference on 20 April, 2023. This political scientist and social media sensation guest speaker addressed the serious matters of the Russian regime stability and the dynamics of public opinion.'

https://www.youtube.com/watch?v=9_0E9IzXT34

Very,very interesting , save for the weekend something to watch, stick with it to the end of video.

Hi Jim800,

You say .'no money is actually lost,etc .

If you look at the 2022 UK Annual report on page 184 as kindly highlighted by Ace, you will see that 895m is reported as a deduction from a total annual sales revenue of 1.919Bn in respect of commodity derivaitve instruments, ie hedging one assumes. The report also states on that same page:

'Net gain (loss) on commodity derivative settlements represents cash (paid) or received on commodity derivative contracts. This excludes settlements on foreign currency and interest rate derivatives as well as the gain (loss) on fair value adjustments for unsettled financial instruments for each of the periods presented.'

I accept that this may well be an accounting representation, but at the end of the day cash for 2022 has actually been reduced by 895 million has it not?

Thank you Ace, Trotsky, & Trek for your reply, very insightful.

2022 was certainly an interesting year re DEC hedges, some 46.60 % of total earned revenue, $895.8million being lost against pricing arbitrage strategies, quite a staggering amount really of total earned revenue.

I think I have now got my head the concept.I just like to view it now as losing a bet at the bookies , over time of course.

I don’t know what time periods DEC use for their hedging strategies, maybe they should break it down into smaller periods for control rather than a year at at a time?, and maybe should not be hedging as much as 70% to 85% of a years production?

Very, very complicated indeed, would take weeks for me to get my head around the 2022 accounts.

Maybe I should invest in the counter parties taking the hedge?

Thanks once again.

Ace,

I noticed the NG1:Com price increase etc.

Now so far only recently bought some DEC because of the dividend, however if the spot price is higher than the hedged price who benefits the hedger or DEC.

Apoologies for my ignorance, just trying to get my head around the DEC business model that includes all of their hedging strategies. My gut feeling is that it is the hedger???

Getting there albeit slowly, please support 👍

https://petition.parliament.uk/petitions/636051

Interesting post Splat,

Pity about the Moustache , things may have been so very different? 🥰

Todays closing price is 1.25 not 1.225 as shown on here, LSE never seem to get right lately.

https://www.londonstockexchange.com/stock/GST/gstechnologies-ltd/trade-recap

https://www.investing.com/equities/golden-saint-tech

Https://www.bbc.co.uk/news/uk-politics-65632568

GST do like to skin a Cat now and again inorder to move forward, as they say there is more than one way to skin a Cat, ie time is of the essence etc. If you can find an alternative way to move forward then do it.

Such an example is provided by this RNS 05/10/21 which basically cancelled the requirement for GS Fintech to acquire its own API licence.

They did this by purchasing Angra Limited that already had a licence.

'The Company stated in its recent prospectus, published on 6 September 2021, that it intended to seek an API licence in order to be able to connect to traditional banking payment systems and agent networks, operate a remittance business in the UK and grow revenues from the stablecoin network and applications that are being developed from the collaboration with Wise MPay, announced earlier this year. Given the Company's conditional acquisition of Angra, which is already an FCA-approved API, the Company will not now continue its own process to obtain a separate API licence as it is expected that this will not be require'

So I am now beginning to wonder if the 'Potential Acquisition' will move us on even faster, just my musings.

Thanks Bladderman, interesting OFFICIAL choice of words 😊

Hi Bladderman,

You got a link for this GST Tweet, it's customary to do so 😎

Who's paying you Dusty to promote Stratis on the GST forum?

Reported , you know it is against LSE rules, suggest others do the same.

Envisaged

Hi Billy,

Purpose of my post was to try and put some 'Meat on the Bones' so to speak ,simply because there will be many folk looking at GST now ,whom have not done prior research, are looking for information and are not aware of what was enisaged nor what has a risk etc, etc

Every little helps as they say!

Billy,

Why? basically we already have a European presence etc with purchase of Glindala ,so given the Mica requirements etc we are good to go in that respect IMHO.

Have a look at the prospectus ie, the original business plan from 2021 and what was originally put forward as a 'Risk' etc. .

It's all coming together now piece by piece IMHO, the only awaited bit is a FCA UK licence , ie after Sandbox trials etc.

The last 2 sentence's

Glindala

https://pitchbook.com/profiles/company/490844-44#overview

Company Prospectus from Sept2021

https://www.gstechnologies.co.uk/_files/ugd/59e1de_504fc583b6dd49af8b992aff6fc0b4bb.pdf

Interesting Bladderman,

I have just looked at the prospectus again and taken excerpts from it .

GS Money stablecoins are fully asset backed and the Group intends to operate within FCA, European and other regulations where it does business around the world.

GS Money App, a mobile neobank application offering fee-free cross border payments. This new payment service is intended to use regulated stablecoins and blockchain-based 'bank accounts' to instantly transfer value between US dollars, Sterling, Euros and Chinese Yuan via a mobile device without foreign exchange mark-ups or additional fees. Once launched, the GS Money App intends to operate as a European Electronic Money Institution (EMI) licenced service, subject to the appropriate approvals being received.

The GS Money App will not follow a banking/lending business model and it will not be engaging in fractional reserve practices as undertaken by banks. The cash reserve will be transparently managed by an EU registered entity that is yet to be established or acquired. Every stablecoin token will be backed 1-to-1 with real currency

The last sentence is interesting in that we already have a European entity/the purchase of Glindala the Lithuanian Exchange.