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Obviously this doesn't factor in the 'First to Market's situation in the UK
https://www.merkeleon.com/wiki/how-do-crypto-exchanges-make-money-guide-for-striving-investors/#:~:text=Trading%20volume%20on%20crypto%20exchanges,-In%20its%20analysis&text=So%2C%20if%20the%20average%20number,income%20is%20about%20%2467.5%20million
Less shares in circulation, higher value of outstanding shares.
If they use their revenue to buy back the shares they have issued in raises to get this going then it's basically a free ride.
I wonder, once the significant cash flow starts, that the BoD would consider a SBB to reduce the Outstanding Shares to back under 1bn (from 1.8bn currently)?
Not only increasing value but also making it a much easier takeover target (buyers hate stocks with too many shares in circulation)
Just a thought.
The comparison with ARB has nothing to do with it's status as a miner. It's to do with the price action. Going from around the same point, ARB's rise is still one of the biggest and quickest rises on AIM and MM there has ever been (other than probably NCYT ).
That's why I and others make the comparison and it's completely unconnected to crypto in that sense. ARB had terrible overheads and borrowings and blew it. GST on the other hand has a very low cost base, high profit potential.
I suppose you got your negative subject header in though . Well done.
Just remember, whatever throughput and speculation around profits (with super low operational costs) we are seeing now
Imagine what it will be like with some solid marketing and PR buzz ?
This could easily go the way ARB did (they had hideous costs and silly ambitions) and what it will likely get snapped up for by a major.
Anyone getting excited yet?
I said nothing about Bull or Hype just start putting out news other than 'This has completed' or 'we are waiting for that' now. How about some insight into technical progress or other discussions with corporate contracts, marketing campaign. The RNSs are as dry as a bone and give little insight into actual commercial progress.
This isn't a deramp just utter frustration at the company.
Value of this company not country.
This company needs to sort itself out around Comms. I'm hoping the new British CEO focusses on this as it's now having a damaging effect on this value of this country.
Part of the issue is they will announce an acquisition or regulatory process and then hear nothing for months until confirmation or conclusion. Keep in mind these processes have literally impact on the day to day operation and technical developments
It beggars belief that a company can go so long, as a start-up in a fast developing market can go this long without reporting anything of note.
It's becoming beyond annoying and makes me question if these guys will adequately harness success when it arrives.
Gordon, I can see what you are saying regarding Roland stating 'matter of weeks' regarding approval from GOI but I'm pretty sure had he said 'matter of months' or 'next year' impact on the SP would have been catastrophic. Roland is a bit more canny than that.
Harri - You'd be shocked at the amount of committees things like this have to go through. Committees that only sit once a month or quarter. Remember this is India, even in the UK, FCA approval on something can take 6-8 months
I'd be highly surprised if it happens by the end of the month. I did a lot of research on this as I didn't want to fall into the 'could be tomorrow/next week's brigade and it's best to get your own expectations set as otherwise it becomes painful. It also provides a better guide to know when you start topping up. I'm sticking to 8 months as a guideline but obviously DYOR
hi ****nal - that's what i thought initially but apparently these jvs are handled very much in the same way as m&a situations. maybe the indian company thing might swing it a little sooner but even with a load of ahem..cash..thrown at the situation 6-8 mths is probably the best we can hope for.
Been trying to find out the typical time period is for the GOI and Regional approvals for a situation like this and I'm getting an average of 8-12 Months. This wouldn't surprise anyone who lived through the agonising GSPC legal episode.
I'm hoping the can pull this through quicker but apparently 8 months is only in exceptional circumstances.
The legacy prospects of Namibia and Italy are millions of dollars and years away. The data room for Namibia has been open 3 years or so with practically zero interest and we all know anything Italian takes decades to evolve. Time and money this company no longer has.
Cecilia Yu is experienced mainly in the credit markets, which is worrying from a CLN perspective.
It's clear that Dan was peddling and empty pan and left when they found out the cupboard was bare. Personally, unless this becomes some form a shell and goes down the route of an RTO then things are likely to deteriorate rapidly in the coming weeks.
I think Dan's decision to go has the few remaining board members flapping and putting out RNSs to stem the outflow of investors but the reality is nothing is going to happen quickly enough to save GBP , Unless they announce something within a week or two.
Over £50k apparently dropped out on a Monday morning and mostly rounded volume amounts, it's either someone who has found another short term prospect (plenty of bounce plays currently) or the MMs / Broker giving someone a cheaper off market buy-in at a much lower price point (yes it happens). Hopefully , based on the latter scenario, someone knows something
Well then, AZ must be praying that institutions will want to partake in a placing retail investors wouldn't touch.
Unless he can find some more of that 'Magic Italian Money' then it's looking pretty glum.
I would suspect that , if the diamonds exist at all, the real reason why VAST have not taken receipt of them is because the Zim government wants £2-3m in some form of payment for them (as is the way in Africa). Therefore, the lack of progress comes as no surprise with the current state of the companies terrible finances.
The institutional credit marker has become very tight as economies in Europe have contracted rapidly. It's unlikely to find insti or solo private takers.
The current buzz is that a public raise is being organised and it could be significant. There is no talk of takeovers.
The spread is ridiculous hence the wild swings.
Loyal Trader - Ok please post an RNS with that kind of disclaimer .