Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video here.
Futures up across the main indices and Bitcoin up 6% so might be a ralley off the back of US statement to stabilise banks and protect depositors. Doubt that impacts here, but hopefully a more positive market tomorrow
San
Good question mustard and not sure. Either nobody offering or a deal is being done and it’s getting the final terms agreed. I know of some rumours circling but no value in posting here as they may be complete horse dung and I only post fact or my interpretation of the news issued. Best wait till the RNS comes out. Im expecting it by end of March
San
Looks like it but just getting confirmation on statement. Believe DL statement has been misinterpreted. The regulators preferred the miners off the books but had no link to any approval or rejection. Just so people understand the GSX has been APPROVED with no stipulation other than funding to procure and run the exchange. 50% has been escrow and the rest is what we are waiting for. The funding agreement will kill off the cln and push through the purchase to full rubber stamp/ sign off
Unless John can provide a confirmation I’m standing by that and will correct my statement if I get otherwise.
San
For info I’m trying to get confirmation on gsx only on approval if miners come off books and everybody has said it’s nonsense. I’m getting confirmation from the directors. John M can you confirm who you spoke to at the company
San
I disagree mustard if I’m honest. I think the company will deliver but not sure the value this company will get to as expectation is dilution to fund NFT project. I think the GSX will go through and expansion happen. I believe it’s potentially calculated based on the buys just come in. Something really dodgy happening on this share and doesn’t look good from a reputation perspective
San
Interesting. Could be calculated to get a lower price, but can’t see it. Think it’s ineptitude on the original funding agreement and then again sourcing new funding. Peel just flipped on a 20k buy so let’s see if we get a bounce back up.
San
Don’t think it’s possible to sell whilst you get CLNs churning, but could be wrong. I would strongly advise people not advocating buying or selling here as it’s not appropriate. People have to make their choices for themselves, be that good or bad. Obviously investing here at a high price was a wrong decision and you have to own it . Hopefully brighter skies in the future, but this has been a disaster by the board here… which they need to own
San
I mean he could be right, but the commission signed off approval when the devices were still on the books. I think the only thing outstanding is the financial terms as they need to purchase but also have some working capital. I cant imagine much working capital will be required at the moment due to the limitations on what the GSX hosts. All bonds hosted and a crypto fund, which dont have as much by way of management (Shares require much more management). This will change with the suggested ME expansion as you will start to get companies floating on the market and requesting funding through it. All opinion obviously. I'm hoping for funding RNS this week or next at the latest, with a flow of Operational news over the rest of March and April.... More pain coming if not
San
I don’t believe that to be true. GSX approval is delayed due to funding. 50% has been purchased through the funding agreement and the additional will be through a new funding arrangement that hasn’t been detailed… it’s what the market is waiting for. The new funding agreement will pay for the final part of gsx, clear the remaining CLN drawn down and have some working capital. I strongly believe that operational RNS will follow immediately after funding. I’m not sure why having miners would have any baring on Clmmission approving sign off? Happy to be corrected
San
I’m not in the telegram group. And if you read his post he said 50% I talk nonsense and I’m a ramper. Seems personal to me. Anyway good luck all on whether you choose to remain invested or sell up. Remember it’s your investment, your decision and accountability is on you. If you make money here give yourself a Pat on the back. If you lose money then take full accountability of the decision you made. If you are stressed out like a few are on here then you clearly invested what you couldn’t afford to lose. Investment risk and all that
Most importantly chill out and go spend time with friends or family… life’s too short. Btw RIP Motty the legend
San
1.40 was accurate and PE ratio is x20 on fintech. I think I was adding x5 or plus as conservative but cant recall so check my posts. Can’t say £1.40 max was a ramp at the time based on a much higher SP. Seems you have turned a healthy discussion into abuse towards me and Peter. A very strange sausage you are Kenty
San
Remember you have to add a PE ratio to that revenue figure. I imagine it goes hand in hand with Juno that manage the assets on the exchange (Security debt bonds at the moment). It would be good to know the activity against those tradeable bonds, but suppose that may be irrelevant if they migrate to a company floated exchange allowing ME companies to access markets for funding rounds
San
Not sure the link will work here but go to zoominfo and request the info.
With regard to exit price then my average is mid 20ps but sort of fortunate that my original investment plus tiny profit was removed and banked couple of years back. Unfortunately this is killing the profit made on trading the Pharma stock during COVID and Metals shorting last year :(. Im aiming for a 35-45p target but thats all dependent on news flow. Just have to accept the battering right now and continue to build up profit elsewhere (IPO's and Warrants im sat on for other companies)
San