https://rates.goldenchennai.com/world/diamond-rate/zimbabwe-diamond-rate-today/
1 Carat = USD 939.41
The £2M from CLN fundraising has already been spent. What’s left is for the rest of the CLNs to be converted into shares which Mode would not receive any further funds from.
https://www.lse.co.uk/rns/MODE/completion-of-fundraising-ppj8b2l1qn6llsf.html
So this means that MicroSalt is currently worth around $13.15M (£10.6M) to TEK.
"Tekcapital Plc (AIM: TEK), (OTCQB: TEKCF) the UK intellectual property investment group focused on creating valuable products that can improve people's lives, is pleased to announce that it has converted its outstanding convertible loan note of c.US$1.35m in MicroSalt's U.S. operating subsidiary, MicroSalt Inc. at a value of US$2.18 per share. This values MicroSalt at US$ 20.0m.
Following this transaction, Tekcapital owns 97% of the share capital of MicroSalt Ltd. and 6,034,683 shares (78%) of MicroSalt Inc., its U.S. subsidiary."
https://seekingalpha.com/article/4570180-bitcoin-btc-rally-more-than-just-a-bounce-get-bullish
Bitcoin (BTC-USD) is trading back above the $20k level, up more than 30% from its cycle low as an impressive start to 2023. Even as BTC is still down nearly 70% from its all-time high, there is a sense that this latest rally is more than just a "bounce" considering the technical setup in the context of recent developments.
Following a year defined by extreme volatility including the high-profile crypto sector scandals, Bitcoin stands out as a survivor of the "crypto winter", positioned to emerge stronger. The way we see it, the long-term bullish case for Bitcoin is as strong as ever with the added benefit of new macro tailwinds. We're bullish on BTC and expect more upside going forward.
Does anyone have a summary of the investment case for BEN at the current SP? I've noticed it's declined from 100p looking at the historical chart. Assuming the company should be well funded for now but could there be any further placings in 2023?
Great to see they got FCA approval for additional coins. I like Mode's approach to work closely with the FCA to make sure they are well covered with changes they are making.
Interesting to see the below statement which will be an additional revenue stream for Mode...
"On the business-to-business side, Mode has been working with retailers to help cut transaction costs, and by accepting payment through Mode, retailers can save on these transaction costs, receive funds instantly, speed up cash flow, and make transactions cheaper"
Good for the company to have additional funds but not so good for shareholders as it means dilution and CLN normally means the SP will get decimated.
Every board will have their deramper who is there for one reason only. They have nothing better to do with their life than to waste so much time posting hundreds of negative messages about a company to intentionally try to get people to sell shares so that the share price drops.
Muffins is probably paid to do this as he probably didn’t do too well in school to get a “proper” job. Best of luck to you buddy…
This is one of my highest conviction investments. First target is £100m market cap. Take advantage of the current market situation to get cheap shares in a quality company with excellent growth potential.
Well done to LTHs who have held during the past year's decline and hopefully some did average down.
Bear in mind that the current market cap is £11m vs 2021 FY revenues of £208,778. Take some profits if you can as these spikes normally do decline after the traders have had their fun.
As more countries start to open up - air travel will increase. Confident in IAG as a long term investment as Covid will eventually become endemic everywhere. Oil price is a drag but the war in Ukraine will end eventually and oil prices will go back down.
A lot of countries are now pushing for EVs and sustainable energy which will definitely reduce the consumption of oil in the coming years.
ATB,
JS