Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Pires' RNS this morning hinting that Pluto IPO could be coming soon, and that NAV is over the 6p level of the last fundraise:
Digital assets sector
The Company completed its first investment in the digital assets sector through an investment in De Tech Studio Limited and YOP tokens. Certain YOP tokens were sold to realise a substantial cash profit and the balance of the investment was used to subscribe for shares in Pluto Digital Assets plc ("Pluto"). The rationale for this transaction was to diversify and de-risk the investment and provide greater liquidity given Pluto's intention to list.
Pluto is a software technology company and operator in the decentralised finance ("DeFi") and non-fungible tokens ("NFT")/Metaverse (virtual environments) sectors. It is currently developing a DeFi software platform, that provides a highly usable web DeFi portal to open up DeFi to a mass audience. This platform provides vault middleware to find and categorise a set of proprietary DeFi vaults to offer users the ability to generate yield from crypto currencies. Furthermore, Pluto has partnered with a leading NFT metaverse platform and is currently engaging with owners of digital media and rights to offer their content to the NFT community. In addition to Pluto's operational activities, it has made further investments in Web3 ventures and has acquired an NFT portfolio including assets such as Cryptopunks, Artblocks and BAYCs.
Pluto has advised the Company that it currently holds treasury assets including Bitcoin, Ethereum, Polkadot, Cardano and Solana. The company has also advised that, overall, its portfolio of venture and treasury assets has been performing well and the company's current NAV per share exceeds 6 pence, the price at which Pluto carried out its most recent fund raise in March 2021.
During the summer of 2021, Pluto has been focusing on expanding its product team and forming key partnerships. This work has progressed well and the company now believes that it is well-positioned to proceed with its planned IPO.
The Company's equity holding in Pluto is valued at almost £2 million based on the price of 6 pence per share, which represents a significant uplift on the Company's initial investment in this sector.
I'm not sure if anybody still follows this board, over three years since the last message. I've been looking into the company's revenues and recent management statement and it seems a decent business. Is anyone on here to shine some light on this company and why it's attracting no discussion here?
Off topic here, sorry, I wonder if someone could help me. A bit of a long story, I formerly had shares in CERP. The Czech broker that I had bought them with went bankrupt ages back and I thought I had completely lost them. Lo and behold they popped up again and I have been told my former few grand stake in LGO/CERP is now worth the princely sum of 60 quid in BPC. I'm trying to piece together what has been happening in the years since the broker went bust and now I am wondering if following the LGO/CERP stock split then BPC merger was the dilution that severe or has something gone wrong at the Czech broker side. Any old LGO heads that may still be around here who could help me out a bit would be very very much obliged.
http://novacyt.com/wp-content/uploads/2020/10/2020_Oct_SP_Angel_Novacyt_Initiation_Note_21.10.2020.pdf I believe this is the document, a good read with a lot of useful research