George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Too intelligent for this forum
Say no more
I don't know about anybody else but a 50/50 JV with such massive potential revenue sounds pretty meaty to me.
Blubutton you can read the article here
https://12ft.io/proxy?q=https%3A%2F%2Fwww.afr.com%2Ftechnology%2Fasx-hopeful-dynasty-gaming-and-media-inks-deal-with-let-splay-live-20230425-p5d33k
https://12ft.io/proxy?q=https%3A%2F%2Fwww.afr.com%2Ftechnology%2Fasx-hopeful-dynasty-gaming-and-media-inks-deal-with-let-splay-live-20230425-p5d33k
If that projected revenue is anywhere near accurate (and that's just for Australia's letsplaylive platform ?!), . . . . . then surely to god Bluestars share price should now be a bare minimum of 10 times higher than it is now. Surely we need an rns about this of some kind ?
Excerpt with eye watering revenue prediction "The company, backed by ex-Virgin Group CEO David Baxby, Caledonia’s Mark Nelson, former Macquarie banker Tim Bishop, Philip Schofield, and Mike Alexander, is hoping to scoop up $6.5 billion in projected Australian-based revenue.
In this article at the bottom mentions the DAO tokens won't be tradable so must be separate to the HYDRA ones per se. Can somebody clarify https://www.dlnews.com/articles/defi/hydra-ventures-dao-10-million-1kx-collabcurrency-consensys/
No I believe 5.5% of all the tokens, with 160,000,000 supply is approx $2.2 million.
My point is that if all of the tokens are worth a market cap of approx $40 million ($0.25 token price * 160,000,000 tokens . . .
Then Bluestars current market cap equates to roughly the same as it would if they held a quarter of all of the tokens .
Yes it discounts Dynasty, but allows for a fall in the PEN tokens.
Coincidence or not ?
Whether it's coincidental or not I don't know, but against the value of 160,000,000 pen tokens, Bluestars market cap (if we assume the 26% ownership of SatoshiPay still falls in line somehow with the value of the overall token supply, even though Bluestar don't own 26% of the tokens),
The market cap of 26% of all the tokens, . . . . .
And the market cap of Bluestar in it's entirety, . . . . .
Is broadly the same.
Is this a coincidence ?
It does completely discount Dynasty if that is the case but allows for slippage of Pen too.
If so, holding Bluestar is as good as holding just Pen, (or there's no noticeable difference).
As I understand it there is a supply of 160,000,000 pen tokens ? Is that circulating supply or full ? In the case however of 160,000,000 against a price of 0.25 dollars per token the market cap is approx $40 million ?
I know Bluestar don't own a quarter of the tokens, just 5% ? So Bluestars value of the tokens would be approx $2 million ?
But what I'm trying to figure out is, is it better value to hold Bluestar or Pen tokens (arguably both). I've registered on MECX but slightly hesitant as would prefer to keep my coins / tokens either in a UK exchange (Coinbase) or even better in my own wallet, but that's not an option yet with pen tokens.
I understand the utility of the pen tokens could make them very valuable if it takes off.
But how valuable Vs the value of Bluestars 26% holding in the whole SatoshiPay company ?
Where is the dividing line between the value of just the tokens and the overall entity ?
What's the market cap of the pen tokens ?
I put a grand in at just under 2p. Way I see it is not long ago the same amount of shares would have cost me £15k and web 3 seems to the only thing remotely surviving ATM as the established banking system appears on another knife edge.
Terrific video and Eddie came across extremely well indeed with very clear messages.
Well, I put the whole a a grand in here in total at circa 2p with a market cap of around £3 million it appears to me.this could be a massive trick that is being missed by the market. Hoping that if we get another crypto move this will begin to move, and move very aggressively.
Mind you there's been no RNS about it so what do I know.
The rsk infrastructure coin currently has a market cap of 112 million. I do not wish to ramp this unnecessarily as I do not understand how relevant this is to coinsillium or the ownership structure of the tokens etc.
It just appears to me that this is potentially asleep becasue of previous let downs.
I do not know enough but would appreciate some feedback from anyone who knows more.
How far under the radar is this https://dailyhodl.com/2023/02/21/altcoin-built-to-boost-bitcoin-soars-90-in-one-day-as-btc-defi-narrative-takes-over/
Seems to be a lot going on at iov labs and rootstock. Iov labs hiring a web 3 pr manager here https://web3.career/pr-manager-iovlabs/42656
And new interesting update on rootstock here https://www.crypto-news-flash.com/iov-labs-launches-rif-flyover-to-fasttrack-transfers-between-bitcoin-and-rootstock/
Let's face it, when did a share price ever behave rationally.
I too fully expected a big rally today (we may of course still get one but looking doubtful).
It's frustrating but human psychology is complicated. People miss the rally's usually becasue they happen in the blink of an eye, we all know that.
Bitcoin is on a proper tear, ripping right now.