Member Info for Sonic80

If you’re looking for value then try using Uniswap as a comparative concept.
Uniswap is now valued at $22 billion with a 10x increase in value in the last 3 months alone.
The DeFi space is exploding, more so than cryptos, it just doesn’t get as much media yet.
For me, Umbria is a hugely exciting project for OBC. It’s very different to, for example, a crypto mining operation where it’s easy to say x computing power = y revenues, but so much more exciting and with so much more potential than that IMO.
With the likes of Uniswap growing so much in popularity and value over the last few months, it makes OBC seem even more undervalued at its current market cap.

Umbria DeFi litepaper:
https://umbria.network/assets/UMBRIA%20DEFI%20LIGHTPAPER%20V1.2.1.pdf

Umbria tweet:
#Umbria will enable #DeFi applications on the Ethereum blockchain. Users will soon be able to swap tokens & earn interest on their crypto positions on umbria.network Umbria utility governance token is tradable @Uniswap

Umbria will trade with Ethereum, so I think it will track with the Ether price as well, which has been looking very strong recently.

I don’t want to jinx it, but do we think Monecor placing selling might be nearly cleared?

Umbria updates coming soon...
https://twitter.com/networkumbria/status/1359499001742163968?s=21

Strange for GEM to tweet about the floods like that.
If they are affecting roads and critical infrastructure, and therefore likely affecting operations(?), then it should be RNSed.

DeFi is taking over...
https://fullycrypto.com/cryptocurrency-rankings-reflect-defi-surge

I completely agree as well. I’m accumulating more at these levels, expecting it to rise again as soon as the placing overhang is cleared.
So much to get excited about here this quarter, especially updates on freefaucet and Umbria.
It beggars belief that this is not higher with all the buzz around cryptos and DeFi, but I think it will rerate when Monecor have sold their chunk. A lot of these institutions have set rules when it comes to selling placing shares at certain percentage gains. It holds back the share price artificially for a while, but should be free to rise when that’s cleared.

It looks to me like Monecour selling a portion of their placing shares, like they did last time. The 10k block share sells are a repeat of last time. When their little sell-off stops, this should take off. Last time it went 40p to 100p when they stopped selling.
This should be trading over 100p IMO.

£5m market cap
£1.5m cash
18% holding in ADVFN worth another £1.5m
Very low overheads
No debt

Several 100%-owned crypto currencies that are rapidly increasing in value. Plus1coin alone is up 50% in the last 2 weeks and continuing to rise.

Freefaucet website growing all the time, generating revenue and directly linked to larger crypto values, including bitcoin.

And the most exciting component of all, Umbria, which looks set to thrive in the booming DeFi market.

It’s no pump and dump. It’s just investors seeing a massively undervalued company that could absolutely skyrocket on next news. Very low risk. Huge potential rewards. Absolutely booming sector.

freefaucet.io.
OBC-owned.
Users earn crypto coins for online activity.
As crypto sentiment and bitcoin values increase, so will freefaucet user numbers and OBC revenues.
One of several reasons why OBC tracks bitcoin price rise.
But the real value here is in the DeFi project, Umbria. This is massively exciting, and gets even more so as the prospect of more widespread crypto use increases.
OBC way, way undervalued at 50p IMO.

Barclays broker note out today with advice upgrade. Target price raised from 55p to 62p.

As discussed several times before on here, to be taken with a bucket of salt, but at least moving in the right direction.

No, I disagree. He sold 250k shares that were part of his remuneration package, but he still holds his 9m+ shareholding. They found 17 stones over 100 carats in the last 12 months, plus high value pink and yellow stones. They can’t do an RNS each time they find one of them. It’s the highest quality diamond mine in the world. They’re expecting to find a lot of large, high value stones. I don’t think there are any ulterior motives in the way they advertise them.

That explains the slightly strange price action the last couple of days, and confirms that someone has been selling in the background, which has held the price back.

I don’t begrudge him selling those shares as they were in lieu of wages and he’s kept on to the remainder of his sizeable holding.

Now that those shares have been sold, there should be nothing holding back the share price any more.

A bit more buying pressure and this pops IMO.

Third attempt to push through 50p resistance today.
It goes into break-out mode when it does IMO.

https://www.diamonds.net/News/NewsItem.aspx?ArticleID=66019&ArticleTitle=De%2bBeers%2bLowers%2b2021%2bProduction%2bOutlook%2bAgain

Debeers production guidance for 2021 keeps edging down though because of some operational issues they’re having. Their 2021 production forecasts are already down ~7% since December, meaning there will be ~ 2 million carats less being produced this year than previously thought, which should contribute to overall prices continuing to rise for the likes of Gem.

Very strong set of results.

Should see a very strong rise from here.

Current market cap of £70m is fundamentally way too low for what they have and the trajectory they are on.

No problem at all. Have a nice weekend. I think next week could be fun here.

If you’re not aware of the history, then see RNS from 29th November 2019 and subsequent AGM statements for example. Major shareholders have long been vocal here about the implementation of a dividend and have voted against various board members and AGM resolutions as a result. I think it’s right that the board are cautious when implementing a dividend, but now that they have tipped to being net cash positive, I think the maiden dividend will follow. There is certainly pressure from the major shareholders for it.