Member Info for Sq52

They just need to bite the bullet and go for one sports brand for an exclusivity deal short term, say 5 years for next World Cup, I’d chose Nike for the ultimate ‘Predator’ professional athlete football boot made with TRex leather, 30% stronger, 20% lighter etc etc, the PR would pay millions alone and both brands naturally fit together.

Pros would get 100% and then slithers of leather for the minions.

Thank you for info Jungle, thought it was just for marketing.

917445 was a buy, it’s mine. Did a small amount of trading after announcement to hit the 1m, didn’t want to leave it any later than this to buy back in.

So watching the World Cup and football, how good would a perfectly grown leather be for football boots, with the increased strength of the TRex leather, it might be possible to go thinner than traditional leather + there would also be a possibility to grow the leather around a carbon fibre webbing.

Elite athletes are all about marginal gains - I think this is what’s been looked at + it’s not like footballers are short of a bob or two, £100k football boots for the extra gains and bragging rights (and marketing), I can see it!

Isn’t it an award for the marketing / campaign for the product and not the product itself?

Here’s a little something for those who want to stick around post auction and see how this grows

https://www.morningstar.com/news/accesswire/1150064msn/lab-grown-leather-alternative-apparel-market-forecast-2026-2036-industry-to-reach-usd-6857-million-by-2036-at-221-cagr

I find it insane that a business with this much potential is valued this low, especially when you compare against others in this report, any success in the auction and/or confirmation of Tier 1 business taking the either a TRex product or LGL product and it’ll fly very quickly.

If you then add in the traditional animal leather market potential that this would overlap with (rather than it being plant based rubber alternative) and factor that in, it’s huge.

Whatever the stance you’ve taken this week, good luck all, going to be an interesting one and I’d rather be in at these prices (short and potentially long term) than out.

Key part of the RNS that doesn’t look to have been touched in yet:

‘Post-catalyst, LGL will seek independent spin-out funding to scale production capacity, allowing it to raise capital at the subsidiary level without diluting BSF parent shareholders’

Why

You’re only going to expand production capacity if you’ve got customers to fill that capacity.

Also, Mr Story won’t be that interested in the other parts of BSF, so setting up LGL with a different set of board members allows him to fill his interest.

Win Win all around

Post Catalyst (TRex auction) I would expect some absolutely stunning announcements.

And then there’s the other bits and all for less than £3m, really???

I think Mr Story is more to do with getting into his supply chain early, whilst he can still afford / control it / drive as he sees fit.

It’s not just about TRex (although this and other prehistoric leathers will form a part), but the long term play for environmentally friendly and cruelty free leather.

This has got huge potential to ramp quickly, any sniff of MOU, fashion, watch, car businesses taking this seriously and forget it being a couple of pence.

Pictures are great, the auction write up is fantastic and the double helix is a cracking touch, looks amazing, the stage has been set.

I can see it doing very very well if the media gets hold of it and a couple of geeky multi millionaires go for it as a 1 of 1

We’re up - lot 21

https://www.giquelloetassocies.fr/en/lot/177615/33736207-bag-in-t-rex-leather-t-rex-cellular-leather-silver-buckle

1.2m sell and nothing has moved on price, someone is hovering them up.

Still surprised not to see a TR1 yet.

Https://find-and-update.company-information.service.gov.uk/company/01391526/filing-history

https://www.lse.co.uk/rns/BSFA/strategic-shareholding-update-rpfgat2e2dg2p9o.html

Can’t link to the 44m trade day, but you can see on the total volume of trades graph for 13th of May.

https://peershardy.com/our-brands/bespoke

I’d be planning for upscale and mass launch for the next Jurassic Film in 2027, kids watches for £400 and limited edition adults for £1500 (maybe with Omega / Swatch) you’d sell them all day long!

Reading through Peers Hardy on company house to see what Mr Story has to offer, cracking business and looks to be well ran, Story will be a great asset for the business.

Peers Hardy website also worth a look, offering bespoke watches.

What I spotted whilst getting some info, the RNS for Mr Story and his settlement was issued on the 13th of April, exactly one month later on the 13th of May, the huge volume trades across 2 trades went through - didn’t link it at the time, I’d be amazed if that’s not connected given it’s to the day, TR-1 RNS on Monday?

Critical time lines in the immediate future is the TR1 from Story, with the trades from mid/end of last week, this should land early next week.

Then over the next three weeks, more interest and media hype + the issuing of the auction catalogue (about 2 weeks prior) - will the bag be the leading / cover page?

Speculation of talks with fashion brands / watches / car companies etc might raise the hype further and any leaks could cause a RNS, but I wouldn’t expect any commitments until post auction - but let’s not forget, this has had so much coverage up to now, an early move in fashion / tech markets is not impossible!! That would really kick it off.

An observation on the auction time - firstly the markets will be closed (otherwise I think the share would have been suspended), but also and more importantly, it’ll open the auction to bids from over the pond. A lot of the auctions leading up to this one are mid afternoon, so an evening timing has clearly been done deliberately.

Upon successful auction, I would expect swift updates and links to businesses that want to use the technology and cash in on the media / marketing whilst it’s still hot.

However, I will offset all of the positives with…. If you’re a CEO of an AIM company with an increasing share price around a key product / date and you’re unsure of the outcome (or sure it won’t sustain and will fall back), would you put a raise through before the key date? Seen it happen many times with AIM (even if cash is ok / recent raise has been done) and they’ll gauge what the likely outcome / risk is.

Just shy of 45m shares traded in one day, with some huge volumes (as a % of the business) in a couple of trades, I’d be very surprised not to see a TR-1 in the coming days with Mr Story’s share settlement completed.

Circa 10% of the business in two trades, I wonder if Mr Story has now completed his buying spree, must have a huge chunk now at a good discount

No rush, with no money coming in and little chance of a raise, Galloway limited (Jim) just need to wait it out under the loan terms.

Thank you LOTM, looked back over the last RNS - ‘we have sent the diamond rig to nearby hole 3 to investigate past findings’

So it’s a hole from scratch, glass back half full again, at least for another couple of weeks.

They’ve been on double shifts since the 17th of Oct and had a 270m+ head start, with no news of a dome hit on hole 3 yet, must be well over 600m+ by now, assuming no news is a blank?

Hole 3:

Option 1) start drilling near the current holes from scratch using diamond drilling and waste time / money, given the RC will be arriving very shortly after, making it pointless to start a hole with diamond drilling.

Option 2) return to first hole from this campaign and carry on drilling, whilst awaiting for assay results and having already told the market this will be done at the end of the campaign.

Option 3) return to a prior drilled hole that didn’t go deep enough (whilst showing reasonable grades) on a double shift and potentially open up some results 1.6km away next week, whilst the RC quickly smashes through circa 500m for the week after.

Option 3 all day long.

Sure it’ll be revisited, with imminent updates taking months, only to be told inflation has pushed costs above $11k breakeven (it has been a while) and the 2mt hasn’t been hit.

Still keen for something to happen, but needs more than likes / words.

Probably, can’t pay the loan back as no incoming cash and haven’t started drilling.