Member Info for leew

Lloyd, I was guessing we are about 300m of churn since the placing would have started to cause some trades. Normally I would bet on needing to churn 3-4 times the placing amount to flush through, and with GST I would be going for closer to 3 times given the short to medium term potential.

So I guess circa 150m more trades max and it’s done, but given the potential it could almost be anytime as I recon we are over x2 churn now.

Wayne, how about deciding what you think GST is worth.

An exchange is typically valued at a lot higher than our current SP

Sement under pins the whole SP right now

Company is growing financial release after financial release

BTC will add value if it does the same as other “just” treasury plays.

GST if all goes well (it is so far) will be valued at much more than the market cap 3p gives. GST should get to a stage where the pillars just grow (they are now) and the company gets progressively larger.

It all depends on your investment horizon.

Can’t disagree with that, the marketing and PR for BAKE is fantastic.

Zag, I think you are right, from myside just expect the first bigger purchase to be made public for PR purposes although that said GST don’t do that normally and they act like a larger organisation in terms of what and when to publish so would not be surprised to be wrong in my view.

AHS, yes a great step forward and another example of doing what they say regardless of the background noises.

Baznick, that’s excellent news from BAKE, starts to open up the available user base.

Select, I think you find it’s a well known syndrome on LSE boards called.

“I am trying to make some cash chasing news, but don’t even know what I invested in or what is a fair company valuation to buy or sell at, as I am just trying to momentum trade, but I pick the wrong companies to momentum trade in”

You see it everywhere on LSE and it’s the reason 90% of traders lose. I only know this as I bloody did it when I started as in my head I see good news, invest, and sell

For 100% 2 days later and in a month I am a millionaire. Once you have made the mistakes it’s easier not to make them again, although not impossible as got screwed over 2 years ago in one share, which is all going through legals now.

By any valuation metric I use GST is worth more than circa £30m so my view is it will correct itself and if the company continues to deliver increased performance it could be very significant.

I said this when I first found and looked in to GST, but its main problem is people actually understanding what GST could be worth, because it’s so different to £30m it is mind blowing.

As always time will tell, and I am happy if it does what it could do I will be very happy.

AIM, much easier when you just see a green box.

Good points on the BTC purchases being discussed, my assumption was an RNA for a decent purchase would come out and then results / interims would clarify the position going forward, because to GST it’s just an asset they will buy , sell, and hold as they see fit and we certainly don’t need to see regular details on how many they hold every 5 mins

No would be my view as no RNA.

In the short term (it seems as valued by others) the value to market cap is a multiple of the BTC purchase and then that portion of the valuation might swing on the +\- swings on BTC.

Redinjun, they are not pivoting towards anything they are adding the feature to their business pillars. If BTC carry’s in doing what’s expected then pay back will be great and may be it helps with tax breaks along the way?

What I wrote goes not sound brilliant it’s just factual correct.

What is very interesting tho is NBX which is listed as number 55 and they only have 700k of assets more than BAKE, however they are also a listed company on the Norwegian market.

Here is the interesting thing NBX have a valuation of circa £150m and are boasting they raised money to buy 6 BTC to boost their balance sheet.

GST are at circa £30m and about to buy much more than 6 BTC and Bake is just one aspect of GST.

If that does not help show how much exchanges are valued at nothing will.

Let that sink in, the exchange 1 place above BAKE has 6 BTC, £700k more in assets and its valued 5 times more than GST, with GST having Semnet and the other pillars.

When GST moves it will move.

I think the list was updating as binance was not on there when I looked, but not was BAKE.io however both are back now and Bake is at 56

No the UsT will be at the actual fair daily level and then it can open down on Monday 👍

Not sure that’s linked to how many BTCs GST have purchased, but could be wrong.

Audavid, the growth will be interesting I was kind of expecting x2 in H2 compared to H1 when I dropped the $4.2m in some calcs and had estimates on increased ops costs with BAKE and then cost of BAKE etc but with not knowing the BAKE cost it’s virtually impossible to give an accurate estimate.

The accuracy in what I worked out in my head would suggest it’s less likely to be lower than my guess and likely higher.

Looking forward to see the increase in assets as well.

Well SWC buy 275 bitcoin and its adds circa £400k per coin on to the market cap. I don’t get it personally but if we buy 20 off and add £8m onto the market cap I would accept it, as a good way of quadrupling spare cash value 😂 and no doubt some tax advances along the way.

I want growth, growth, and growth so want to see zero profit but increasing assets and revenue.

Wayne, you are right it is peanuts but if you check other treasury plays for some reason when you buy 1 BTC it adds much more than 1BTC worth of value to a company. So maybe buying 20 BTC adds 100BTC of value, I would not personally value it like that but the market seems to think different.

Look I get SWC but they hold circa 115m worth of BTC and have circa 45m ready to deploy into BTC, so let’s say 160m of assets. It’s valued at nearly £1b.

I know the one more likely to make a bigger move IMO.

Much simpler, just filtered.

One person is happy with their investment, 1 is not but still here so only 1 person in the wrong their lol