We should be receiving a quartet update on the portfolio this month. Excited to hear how Dynasty is performing - I have high hopes for this company. Blue Star fair value is closer to 0.35 than 0.17 so 100% uplift sitting here for free.
RE: James Douglas Strachan Gordon01 Apr 2021 06:54
Game changing events going on in the background but the look of it. Bitcoin heading through 60,000 which will be hugely profitable to mine. The name change if correct could be the start of a multi bag re rate
With only 103m shares in issue this will re rate back to £75m mkt cap or 70p. Yesterday’s news about starting the marketing machines will drive revenue very quickly to this exciting gamer. A good 14p placing too. Looking forward to the ride here
Although the share price is 31p there’s only 10m shares in issue after Acacia receive their shares on Thursday. And as mentioned here, those shares are locked in for 6 months. Usually placing shares come onto the market post issue of stock but not in this case. Bottom line with Mustang is the market cap which is only £3m for a clean SPAC that’s less than 6 months away from a large battery acquisition. I think you are looking at a share price of a few pounds very shortly. That’s the reason the free float is minimal , because everyone wants a piece of the action before it multi bags.