Member Info for SEA7

the government in india launched the gold monetisation scheme to bring the vast amount of physical gold held by indians into the system, so that they could make use of it. They offered bonds that paid interest, it flopped, they upped the interest rate, it still flopped. The general populace of india that hold physical gold, hand it down through generations and do not trust the government one bit. Look what they did with the currency recently - by making certain notes invalid in one move. Plunging many indians into panic - you honestly think these same people will hand over their physical for a digital coin, when they wouldn't for a bit of paper from the govt. There are some that do trust and there is a segment of indian society that are tech savvy, however, the rest are even less likely to trust a small, foreign owned, london listed outfit, than their own govt. Systems like m-pesa will work well in india, as it empowers a large majority of indians who live on less than a few dollars a day, to have a facility to safely store and transfer cash to each other, without out the need of a bank account. In the uk, we trust the vault system far more, in india, a significant amount only trust it in their hands, no where else. Asking parry why goldbloc v1 was abandoned in india would be a good idea.

in exactly the same way that trac/lion will - if a customer signs up to buy goldbloc, then trac buy the equivalent amount of gold on the open market, with the customers fiat currency, to back the goldbloc coins the customer purchased. Trac does not have any gold of its own with which to back its goldbloc coins. It may have premined them, however, they are solely reliant on customers signing up and buying goldbloc, so that they will have cash to buy gold with. Surely you understand this little aspect of the plan fierce 1

from that glint article... At no point in time is gold being spent or received by the merchant, which at each point of sale is accepting fiat currency which Glint must provide as final settlement through the MasterCard network. Therefore, Glint�s client gold must first be sold to generate a positive fiat currency value which is used for settlement. ............ so, what do you think lion and trac will be doing then. Unless a retailer is willing to accept goldbloc coins in settlement, then the above paragraph will apply to lions offering in exactly the same way - or had that escaped you as well.

the fierce1 - clearly you haven't done any research. the cost to build the jonnagiri mine is estimated at $39m. Lion are on the hook for $8m of this, according to their share of ownership. Its no wonder you say filtered when faced with facts that you are not aware of.

You can say what ever you like about it 993444, the fact is that they still do not own this land the mines are on, after 5 years of holding the share of it. Their own estimation is a bare minimum 18-24 month build before production. 18 months from today is the beginning of november 2019 - basic maths tells you that. H2 2019 is unlikely to be met.

djwall1s - because parry gets a wage, parry has options, parry can change the options packages, parry can grant more options and parry can increase/decrease wages - all with board approval who will also benefit. You do not get any pay from the company. There are countless companies on aim that directors hold stock, where they dilute it to nothing. The directors take a wage - you do not get paid - remember that, before holding them up as beacons of moral standing.

993444, not guessing, based on knowledge of how long it takes to get a mine going from investing in other companies over the years and the fact that lion have had this indian asset on the books since the days of being called kolar gold. They acquired the share of it in 2013 and not much has happened since. End of 2019 is slim at best.

wholesale gold, that is still in the ground and lion will be on the hook for around $8m of up front capex to fund their share of building the mine, once they get ownership of the land. Lion do not have $8m and will need to raise it, either by diluting existing shareholders to oblivion or getting a loan, or in the worse case, a convertible loan facility with the likes of hendersons or YA global

993444, I could not agree more!! See how it plays out. Bear in mind, the average time for a mine from inception to production is seven years. Some are more, some less, either way, the likely hood of any production from actual mines in this company prior to 2020 is slim, at best.

993444, glint are not exposed to the costs of mining as I am sure you well know, by not having any mining assets. The production in 2019, is shown as hoped to be in production by the end of 2019 iirc and that is an estimate. If they get going today, I would not expect anything to be producing until 2020 at the earliest in india. Goldbloc is expected to be launched in uk first, after version 1.0 didn't work out as planned in india - the website shows this. That is not say they haven't learnt lessons from this attempt, as they are planning to go back to india with goldbloc after launching in the uk. So, it is fairly safe to say that unless there is good take up in the UK then they won't be rushing to india afterwards, as they will want to see it succeed in the uk first. A bit more realism on the timeframes of lions projects is needed here.

coot, the finland assets are further out as well, from a production point of view, however, they should be starting the bulk sampling on 200t ore now, this is a proof of concept and should generate decent results if the grades are good. All things being equal, they will get permission for the 5000t bulk sampling. If they can get 3 g/t on this 200t job, then that is around 19 ounces - generating around $24k before costs, the 5000t sampling could get about $65k before costs. Not massive amount, however, it would be good for a future production profile on any mine they build. I would say that they have a lot more proof work to do in finland and it probably has a longer timeframe to production that any indian mine. That being said, the adminstrative climate for mining in finland makes it the second most desirable location to mine in, so there is the possibility that it may end up coming out ahead of the indian mines, based on india's glacial paced administrative processes.

993444, I think you are over egging the gold mine bit. Lion has an indirect interest of around 21% in geomysore, which is the operator of the mine. Once they get ownership of the land sorted and then arrange finance, followed by a minimum 24 month build, they will need to ramp up production to the expected 25k oz pa. Lions interest would be up to about 5k ozs pa. This 5k oz, would not transfer to lion and then go into TRAC's vaults under any circumstances. The All in sustaining cost per oz at the mine will ensure that, total income for the year and the subsequent share attributed to lions interest, will be no where near 5k oz of gold. If they are lucky, the mine might generate a couple of hundred dollars an ounce profit, after all costs. This would roughly translate into about �750k profit attributable to lion. Whether Geomysore pay that full �750k to lion each year, depends greatly upon capex, sustaining capex and any other forward costs to pay for from the yearly profit, of which there won't be any for at least a couple of years, once production starts. Lion would, if it turns a profit, get a dividend, if they wish to take that in the form of bullion, then they will need to have it shipped from the refinery they use to change the dore bar to bullion, to trac at a cost. These mines are not realy going to be supporting the goldbloc aspirations of this company any time soon or if ever.

I have refrained from posting reviews/comments from sites such as mywot, as they are dated earlier last year and are more sceptical as the company was new. This review is more recent, hence posting.

ABS - tks, never gave that a thought!!! The price of shares, were at $0.92, then they moved it up to around $1.92 and now the shares available are at $2.36, so that would show as a positive, that the price is moving up and they are not desperately lowering the price to clear the rest out - bodes well for the listing and initial trading.

May I remind you BN, that unless you are actually privy to the specific holdings of others, then it is nothing more than an assumption on your part as to whether someone actually holds or not. I rarely, if ever, disclose position sizes, unless required to do so, in accordance with DT regulations. As to whether or not I know what fastbase does, again is an assumption on your part. You saw what I copied and pasted from the article, as an extract to draw any readers attention to the article and thought that it was my own words and reacted incorrectly. If you are incapable of handling the fact that there is in existence articles or reviews, that do not present a totally 100% happy go lucky, positive view of the product, then you are not that comfortable with your position. There are positives in the article as well as points which should take the rose tinted specs off. Do not descend into keyboard rants, because the product is being picked apart, as it should be in any investment case.

https://www.peakdemand.co.uk/blog/the-curious-case-of-fastbase/ excerpt, article dated 17th March 2018. Fastbase is a web leads add-on for Google Analytics. It is claimed to be heading towards 4 million customers and a public listing on London�s AIM stock market. But what does it do? Is it a scam? And should you be using it?

in my view IPO will be june. http://sip-trunking.tmcnet.com/news/2018/03/15/8718829.htm excerpts.. SaaS trailblazer, Fastbase Inc., is launching an intelligent software that will identify website visitors in real-time and simultaneously engage with the visitor to help convert the lead into a sale. The product launch announcement comes conveniently just a few months before Fastbase, Inc., is listed on the London Stock Exchange as one of the fastest-growing SaaS companies in the world for big data and web analytics. and.. The new software can be installed on any website and will officially launch on April 15, 2018.

back in november the private placement was for 10m shares at a discounted price of $0.92 a share. They had, iirc a $132m valuation back then. With another 5m shares available and the current price for these are $2.36 including discount, I would say they must be close to having sold most of the remaing 5m. All 10m went quickly in the offer period 29th November 2017 to 15th december 2017. must be around 100m shares in issue now - not totally sure of the exact figure

https://analytics.fastbase.com/private_placement.aspx Fastbase is preparing its public listing on the London Stock Exchange in Q2, 2018 as a high-growth SaaS company. The shares will be offered at $2.36 USD per shares including discount on a first-come, first-serve basis. The closing date for reserving shares is April 28, 2018, 9PM (EST) ................. They said that after they sold all the initial pre ipo shares, they decided to make another 5m shares available. These shares were initially available until sometime in feb 2018 or until all shares were sold. They must still have some left.

The pre ipo sale has now been extended to april 28th... This article is about four months old, however, the target price is very bullish... https://www.newswire.com/news/fastbase-tremendous-success-has-led-them-to-get-public-listed-in-q1-20095938 investing: Fastbase, Inc. Stock Has Big Chance to Skyrocket �For investors looking for new tech stocks with growth potential, we suggest looking no further than the SaaS analytics leader, Fastbase, Inc. Launched in 2016, Fastbase, Inc. represents one of the top private companies that we believe will have the biggest upside in 2018 from their current price,� says Caitlin Vogel, financial editor of Fastbase. The web analytics leader has already achieved massive success by providing more than 600,000 companies, including Fortune 500 businesses and global brands, with invaluable website visitor data, attracting attention from large investment firms. Current Price: $0.92 Target Price: $6.99 (Dec, 2018) Upside to target: 735.5 percent