Lionsgold Share Discussion Threads

[kimboy2] 07/11/2017 13:18

Any currency involves trust. Who would trust this lot - other than Dan?

[sea7] 07/11/2017 12:14

parry says....

Goldbloc is designed to be used as a gold-backed digital currency and banking platform, to enable individuals to hold their wealth securely in gold and spend their gold with the convenience of everyday banking.

............

So, after opening your account, depositing some cash, it is converted to a digital currency, which you can spend where?

They have to use your deposit to purchase the gold to enable it to be backed by gold. Your deposit will be spent on gold and you get a digital currency backed by the gold your deposit purchased. So, how many retailers accept fractions of a bar of gold as payment or this digital currency, which does not appear to have been described in any detail.

How is TRAC going to ensure that the value of your account remains stable despite fluctuations in the price of gold and how are they going to purchase more gold to maintain a 100% backing if the POG goes up, or will they devalue the digital currency.

If a depositor spends money at a store, how does the store get paid, they will either have to accept TRAC's digital currency in whatever form it is, or TRAC will have to sell a fraction of an ounce of gold to cover the payment to the retailer.
London good delivery bars are not usually cut down to sell off in bits.

To many unanswered questions for me to consider this as a realistic investment proposition at this time.

[kimboy2] 07/11/2017 11:49

Yes it is interesting isn't it.

Firstly I think we can have a starting point that the gold exploration ventures are worthless. Punters may not realise that but they probably are, indeed they will cost more than they are worth.

On the other venture LION says;
(TRAC)enables individuals to buy gold and silver bullion securely and efficiently. The user-friendly platform sits on top of world class global vaulting infrastructure, providing an online account for buying gold and silver and holding precious metals.

Well the accounts for Trac to 31/12/16 show zero tangible assets and net assets of £4k.

Not sure which bit of this is world class, or quite why someone would send there life savings off to this company. Even if they did what cut does Lion get?

Perhaps someone could explain this to me.

[the stigologist] 07/11/2017 11:04

Lionsgold (LON:LION, 0.90p) – Speculative Buy

Lionsgold (the gold exploration company with a fintech subsidiary) has announced that its fintech subsidiary TRAC has received an electronic money license from the FCA. This makes TRAC an e-money institution, allowing it to issue e-money.

Our view: This license is an essential regulatory part of Lionsgold's new physical gold product "Goldbloc", a global digital currency that allows direct ownership of physical gold. Gold bloc is the product name, the "Real Asset Co" is TRAC's trading name. Good news.

Beaufort Securities acts as corporate broker to Lionsgold Limited

www.proactiveinvestors.co.uk/columns/beaufort-securities/28944/beaufort-securities-breakfast-alert-altus-strategies-concepta-lionsgold-and-easyjet-28944.html

[the stigologist] 07/11/2017 10:59

I expect more newsflow to trigger warrants

[the stigologist] 07/11/2017 10:59

from few months back. good to see they promise and deliver

Cameron Parry, Chief Executive Officer of Lionsgold, commented: "We are delighted to report that Lionsgold has secured this strategic financing at no discount to the prevailing mid-market share price, to fund and progress identified objectives as part of LION's corporate strategy. We are grateful to both of our corporate brokers for their support of Lionsgold, currently a micro-cap AIM-quoted company, raising equity funds at no discount to the market price.

"The 1 for 2 attaching warrants are being issued at a 36 per cent. premium to the Placing Price, with a relatively short term of approximately six months in which to exercise, reflecting the near-term milestones anticipated.

"Near-term commercial objectives include: the completion of the feasibility study at Jonnagiri and potential for a Mine Developer/Operator contract to be agreed; undertaking a bulk sampling campaign in Finland to produce gold in H2 this year and see our Finnish JV self-funded; and implementation of the digital marketing and product development strategy of IndexGold."

[the stigologist] 07/11/2017 10:28

If your friends have any braincells they'll be buying today

they do seem very quiet all of a sudden

[1rodson] 07/11/2017 08:56

It's all ROAR from here on in!

[1rodson] 07/11/2017 08:55

Palege...the warring faction as you put in my case has been purely in defence of the The Lion which I prefaced, as you know, would fly.

I can't be responsible for the imbesciles that come here. But I can offer a counter defensive in support of the great little share.

Other than that as you know I really don't give a damn!

[1rodson] 07/11/2017 08:50

I own many millions in LIONSGOLD which has three clearly indentifiable heads in operation. You want to stick to just one of them....please be my guest.

The story here is about all three as all three will be profitable.

Of course there will always be those with limited perceptions?

[paleje] 07/11/2017 08:32

Well done stigo, hope the warring factions don't suffocate this one.

[the stigologist] 07/11/2017 08:22

I've set up new thread. The story here is the gold backed 'bitcoin' idea. Junior explorers ten a penny. Join new thread.

[1rodson] 07/11/2017 08:20

As I said watch this space, now it's starting to fly.

Stigologist you are a new boy here you have to learn that you will always get infantile unknowledgeable posters with ulterior motives posting like the clowns from the dead duck GOLDPLAT thread. I choose to humour them as eventually they are proven to be the idiotic cretins they are.

If you were hoping to load up on opening you have missed the boat. I loaded up at 0.75. But then what do I know?

[patientcapital] 07/11/2017 08:08

Nice one Stig - take it away!

[the stigologist] 07/11/2017 08:07

7 November 2017

Lionsgold Limited

("Lionsgold", "LION" or the "Company")

E-Money Licence Received

Lionsgold, the gold-focused exploration company with assets in India and Finland, and a financial technology ("fintech") subsidiary that provides online accounts for holding physical gold, is pleased to announce that its majority owned fintech subsidiary, TRAC Technology Ltd ("TRAC"), has received approval as an EMD Agent from the Financial Conduct Authority ("FCA") to act as a payment or e-money institution under an electronic money ("E-Money") licence (FCA reference number 902012).

Cameron Parry, Lionsgold CEO, commented: "We are delighted to report that Lionsgold's fintech subsidiary, trading as "The Real Asset Co", has received FCA approval to provide certain regulated products and services under an E-Money licence.

"As announced to the market on 18 October 2017, Lionsgold has been developing TRAC's physical gold account product offering into "Goldbloc" - a global digital currency that represents direct ownership of physical gold (www.goldbloc.com). This approval is an important step to complete in the lead up to the initial product release."

[the stigologist] 07/11/2017 07:48

Bit quiet here? Some people still sleeping or hoping to load up on open ?

[sea7] 05/11/2017 16:22

ha ha ha.

miller and thought do not really go together in the same sentence.

[1rodson] 05/11/2017 11:46

Compelling investment thoughts?

BLOCKCHAIN and Gold platform and crypto launch with other financial services coming on line. quarter share In Indian gold mine ....... Probablg worth £5 million which alone is double the current M/C. Altogether three businesses with no significant debts. Downside the possible need for a cash call which always has a progressive upside.

Bottom line...unlimited potential