Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
What new year holiday? This isn't China
I sure hope whoever issues the FEMA approval doesn't slack off during the New Year holidays.
We are waiting for money out of India from 2 asset sales. $25M + $27M.
As most things appear to be struggles for startup companies, repatriation can be a bitch too. Certain procedures have to be followed. We already have the tax certificate. We are waiting now for FEMA approval, a final step. We should be very close.
And we can double that money dollar-for-dollar with FCG, resulting in $108M.
The exact timing is impossible to predict with 100% certainty. But the important thing is that we are securing dividend payments not only for this quarter but for the next 3 quarters as well, resulting in a total $1 payout per share annually.
I hope that explains it. Thanks.
Thanks for the positive reply. I do have a question regarding you saying “I think…”. It seems that there was a matter of administrative execution that prohibited the promised December 22nd date. The new modified promise and assurance for January 10th date was qualified as an absolute, so I’m respectfully seeking clarification on the “I think…” segment of your message?
K
I think we are good for the date Karlacom,
Hello Laxmi. Are we still locked into this date with all certainty?
K
We are adopting 1,920,000 Grains (10 Bricks of 400 Ounces) of 999.9 Purity split into 1,920,000 tokens as our inventory with a sourcing cost of $8,702,480 and market price ($10,622,480). Trade Cycles every 2-3 days in year 1...time for generating 1grain gold 13.60 days...We will speak of EPS and Market Capitalization after 6 months....and adjsut the variables (like trade cycles and time it consumes for generating 1 grain of gold for every grain of gold invested)...
We are assuming 50 cents as expenses for every dollar gained on 1 grain of gold, and after taxes this nets to 33 US cents..., which means 4.53/0.333 = 13.60 days to generate 1 free grain into reinvestment...
Sincerely,
Laxmi Prasad
Thanks for this interesting information Laxmi!
The next 4 months will give us that pulse and accordingly we will get into real time estimations.
For now, we have kept all scenarios in place -- 2 days, 3 days, 5 days, 6 days, 1 Week, 10 days, 12 days and 15 days inventory cycling.
Best scenario is having low inventory, high turnover --> optimum is 1-8 bricks. Upto 8 Bricks inventory (100 Kilos nearly) we can definitely sell and recycle sales...
Thanks very much Laxmi! These are very bullish numbers. I understand that they are based on the assumptions you mention. What may be at least as interesting is what numbers are achieved in practice in relation to the numbers in the assumptions you mention. I take it that such numbers will be available before long too.
Exactly. That was my point. 🙌
Thank you RD, that is a very valid point --
We can push 10 Bricks (approximately 124.41 Kilos) and assume 2-3 days inventory cycling (vs average 5 days on a 5 year cycle) ...
It means a total of 1.92 Million granules with $10.59 million investment value...
Year end it will be 15 million (3 days cycle) - 22 million (2 days cycle) grains after paying out 25% dividends.
In value, this will be $64-96 million after paying dividends.
In the worst this could be $38 to $57 million with 9m to 13.5 m grains accumulated by the end of the year...
This implies 3.6 to 9 times capital multiplication in 12 months time assuming 2-3 days sales cycling.
Again, these figures look astonishingly speculative but if one goes by financial acumen, this compounding is possible.
We are presenting this discussion purely for one to understand the power of compounding and how we are adopting this for gold.
All discussion on figures is purely for learning purpose but cannot be taken as guaranteed -- one has to follow prudence and his or own risk bearing capacity in making their investment choices. As MyDhan team, we will ensure and undertake deep financial prowess in our attempt to gain much of the expectated result.
I can imagine, Snow
But even at my age of 54, I am only interested in the results after one year. Especially when considering how much money I will make next year
RD "As people will be interested in how much money we can make in 1 year. Not 5 years from now." At my age of 81 at least I am much more interested in what can be expected to happen in year 1 than in year 5.
Not sure, why this crying helplessly, now and then, LVerstee, laughable isnt it?
I pity you and would like to ignore the crap ...just keep your stock ready for donating ... This is what you wrote in the group...and hold your promise good... at least the donee will think of us good...we do not need some crabs to hold our stock ...and time for doling this out so you do not need to worry of us anymore... If you have any guts and not want anything out of us, donate this to someone as christmas gift and let at least that human will have some gratitude in store for us with many things happening in the company now...
Not sure why some crap minds exist in absolute negativism --
Yes, margins tend to improve drastically when you sell in smaller amounts at the retail level. And you don't have the cost of materials that other retailers have. In this case I wonder about the need though because who can't afford $80 for a gram of gold? But you have been in the gold business for over 15 years so you probably know what is best.
People who go for grams will still go for grams and the most common consumption still remains 1g -- But in today's currency that 80-90 price would been almost Rs 7,000 per gram in Indian Rupees and there are many farmers and district / rural level population whose monthly income itself is not more than Rs 8,000 to Rs 10,000 -- Though they wish to have gold, they are unable to as granules (Fractional Gold) are not still available to the common man. Making it 1/100th ounce will mean 4.8 grains/granules which is like 32% of 1g or Rs 2,250 around -- Typically people save 20% of their earnings and this is hence we have put minimum investment as 4.8 grains instead of 15.43 Grains (1g) - In US too, 4.8 grains is like $25 around ($26.5) and it will help many to put this as weekly savings towards Education Savings Account.
So, 1 brick = 12.4 kg (in inventory).
I noticed some of the older sheets mentioning 100 kg and up to 500 kg after 5 years. Perhaps more.
And 600 grams in sales per agent per month.
It leads to 578 kilos inventory after 5 years and yes each agent is pegged for 600 grams sale
So the question most people would be interested in is, how fast are we going to ramp this up?
There are two fold to this -- One increasing the IRA base to hold the reserve for us to mine gold from IRA accounts in case inventory levels need to rise.
2. Increasing the Agent Spread -- We are focussing on both numbers -- IRA we plan pushing the numbers to 150,000 as that gives us yearly 7,000 contributions from each IRA Customer who intends subscribing for gold (Typically 100g at current level). In India the inventory that we plan carrying can be sole as a daily turnover but we prefer to keep it at weekly cycle as otherwise we will be exhausting the agent distribution.
How much in sales do we expect?
We will be able to generate to have 22 grains (year 1), 106 grains (year2), 514 grains (year3), 2,537 grains (year 4) and 12,725 grains (1 Brick) (year5) ...This means we will be generating 223 grains in worst case scenario and 2,473 grains in best case following a weekly inventory cycling of 4.8 grains and 7.5% dividend payout. 1 Brick of 400 ounces in year1 will be 1,060,440 ounces at the end of 5 years assuming 5 days cycle on an average of which investor gains 2/3rds. In the worst of the worst case, it will be 42,210 ounces with 28,140 getting into investors kitty
What would be a reasonable cycle rate globally in large quantities, perhaps 6 days (60x per year) ? --
5 days is very safe to assume, 72 cycles in a year... Initially 1 brick will easily get consumed on a daily basis but as it compounds the increased inventory pushed into retail will mean increased turnover cycle and we will typically see this in year 4 and year 5 from 1 day cycle it will be 10 days cycles to push sales because of the larger inventory quantity we will be carrying. But average of 5 days can be safely considered. After the 5th year, we have to distribute gold to reduce inventory levels as inventory levels will go beyond 12 days to 15 days cycling and it is not viable at 15 days and turns negative inventory carrying which most banks are facing currently.
And then we can calculate the expected yield per year. For the first year. For 1 year.
1 brick in granules ($1 million) will offer us $2.66 B in sales inventory (5 days inventory cycling) that we can distribute and start fresh.
We gain, $1.16 Billion as our share.
These figures are achievable with a very strict financial reengineering and compounding, assuming 100% reinvestment of surplus grains for 5 years that generate and accumulate cycle after cycle. But none of the figures can ever be taken as guaranteed - one has to assume prudence in making their investment decisions as gold is susceptible to inherent market, geopolitical, economic and currency risks like any other commodity or security instrument and one can get washed off completely - One has to assume their capacity to tolerate any untoward and unexpected risks that gold will present like any other investment
The built-in escape for January 10, 2024 payout deadline. Pin it people.
Mission 101?
Payout timeline?
SPAC's?
Either again pushed deadlines or simply not followed through. And still people believe them.
Laxmi, Thanks for the update! I wish you and your family a continued Merry Christmas and a happy new year.
Yes, margins tend to improve drastically when you sell in smaller amounts at the retail level. And you don't have the cost of materials that other retailers have. In this case I wonder about the need though because who can't afford $80 for a gram of gold? But you have been in the gold business for over 15 years so you probably know what is best.
So, 1 brick = 12.4 kg (in inventory).
I noticed some of the older sheets mentioning 100 kg and up to 500 kg after 5 years. Perhaps more.
And 600 grams in sales per agent per month.
So the question most people would be interested in is, how fast are we going to ramp this up?
How much in sales do we expect?
What would be a reasonable cycle rate globally in large quantities, perhaps 6 days (60x per year) ?
And then we can calculate the expected yield per year. For the first year. For 1 year.
Wishing Merry Christmas to all, I am happy to write to you that we are starting to sell gold in granules -- All this time we were selling each token as equivalent to 1g and pricing 1g @ $75 and then $80. To draw move dynamic fractionalization, we are shifting into gold grains based selling with Gram of Gold equalling 15.43 Grains (or Granules). One Ounce of Gold equals 480 Grains and and 1 g hence equals 480/31.1034768 grains per gram. We plan maintaining 1 Brick of inventory to trade into the market initially (which is 480 x 400 ounces x 31.1034768 grams per ounce = 12,4414 grams approximately)... @ Current price of Gold we are selling 1 grain @ $5.50 and this will widen our net to capture numbers... In India we will price each granule around 500, price to fluctuate on a daily basis... This will increase gross margin to 18% around from the current 10% level and improve 1g equivalent pricing to $84.83 (Price to fluctuate with market) an increase of $4.80 over 1g. Just updating ...
Excellent! This will be a major milestone and an incredible building block for business!
K
Obliged with everyone's support, wishes and blessings Snow!
It took several years for us to reach this stage but none can stop us now!!!
Thanks for the information and for the kind words, Laxmi!
Dear Snow,
W8-BEN applies for each company that is distributing dividends. I will circulate on this requirement in 3-4 days..
Yes, cash grant is now $0.25 combined vs $0.15 and this betters by 60% and in line with our thoughts to pay 1 dollar per annum on each token we own...
We are beginning this with 2024 and I hope we remain a solid group for decades building this tradition for our shareholders -
You all have become like a family to me!!!
Laxmi Prasad
I already sent them a third copy of my W-8BEN for Food Carts. Best not to take any chances.
Dear Laxmi,
I am delighted with the slightly changed date the remittance will happen and the fact that the sum will increase by 50%. I would think everybody who is to receive money will react in more or less the same way. By the way, do we have to e-mail even a third W-8BEN since the remittance will relate to three and not two verticals?
Yeah. I'm not sure about the black market. Reminds me of the time I went on holiday in Bulgaria and it didn't always play out so well
I guess I will let Alex do the assessment and analysis on that one
please follow this weblink too RD as this gives the local off market currency exchange --
While we cannot exchange at this rate for international transfers, it will help us plan some local expenses at off market conversions...
https://www.ngnrates.com/market/exchange-rates/us-dollar-to-naira/black-market
I have been keeping an eye on this today. The 1,099 rate has come back down to 864 today. I suspect the market (FMDQ) rate can be very volatile at times while the standard bank rate stays the same. Not that it matters much to us.
https://fmdqgroup.com/exchange/
We are setting the revised dividend payout date as Jan 10, 2024 and we will pay a total of $0.25 as Cash Grant, prorated into My Gold Grams, Masala Agri and Food Carts, each company paying out $0.083333 per token owned.
I just told our Aqua friends that capex is $744,000,000 in US dollars and we can't really change it because of the token construction.
That's 80%. So the total = $930,000,000 for aqua
And $600,000,000 for Palm (80% = $480,000,000 capex)
Total $1.53 billion.
We can delay coconut, rice and sugarcane for now
Surprising. I didn't know.
Dear Snow,
Cow Capital becomes the Sponsor Acquisition Company.
This means, it will acquire the 20% sponsor capital of the target acquisition, identifies a merger or combination target and the target merges into Cow as a business combination with cow gaining 10% - 50% of the post listed capital.
We plan completing these SPACs in the next 3 years, first 2-3 to happen in 2024...
In fact targeting the first one in January either in Financial Services or in the Food Industry...
If these 2 are not possible, then we will focus on an Airline Operator.
But we are aiming for 1 SPAC endorsement in January...
Dear Laxmi,
"Cow Capital will be the sponsor company on all the 5 SPACs planned" What are the implications of this for the shareholders of IREEM? Will Cow Capital have stakes in these SPACS? If that is the case how big percentages when the companies start trading? When do you anticipate that Cow Capital will start trading on a stock exchange?
Cow Capital will be the sponsor company on all the 5 SPACs planned
Naira (Nigerian Currency) plunges 23% to 1,099 Naira (as per Lagos based FMDQ) and this means substantial capital savings in project execution... And the off market rate is around Naira 1183. Calling it almost 50% over Naira 800... Nothing will be a better timing for us than the beginning of January for negotiating Project Investments into the country and substantially committing to local social welfare...
Thanks RD! eom
As I suspected. This is from Laxmi, October 2022
RD Thanks for providing these exciting insights! One thing I don't understand in this new picture is where Cow Capital is.
One more thing people should understand.
IREEM (MyDhan) is acquiring Genesis Palm. A 50% stake for $8.5M.
Genesis Palm is focused on selling palm oil at the retail level. And will do the same for Masala Palm Africa, which will be the 5 x 40,000 hectares developed by Masala Agri Corp (vertical 2) in the state of Anambra. Genesis Palm will also sell coconut products at the retail level and probably export fish fillets etc. So this could grow into a monster operation.
And it will be funded by IREEM (MyDhan) directly. Not by Masala Agri as I stated in error previously. This is how it should be and this will benefit all parties, not least of which the ITUP shareholders and Genesis Palm.
I expect IREEM (MyDhan) to own between 80% and 90% of Genesis Palm in the long run. As it will need substantial capital for expansion. This will be a 10-year plan. And, IREEM (MyDhan) will not have a problem funding this operation. As it basically already has the required capital in India, in the form of stock.
To sum up. On the one hand, you have Masala Agri Corp, involved in 5 multibillion-dollar projects in Nigeria at the wholesale level. Benefitting the vertical shareholders. On the other hand, you will have the retail/export operations, hugely benefitting the ITUP shareholders. Alex, as President of Arch Industries, will be managing all of these operations in Nigeria for us. He knows what it means, these 5 huge projects. But his real dream is retail and export IMO.
Dear RD,
IREEM name is changing to MyDhan
Rest all is remaining as is...
ITUP flow is coming into IREEM (MyDhan)
IREEM is sponsoring SPAC Sponsors
IREEM is gaining equity into all verticals...
MyDhan name will penetrate through media campaigning...
The desire is to make ITUP as parent holding like Berkshire Hathaway...
Though it will take some years to reach that pricing level, We have all the strength to make ITUP the most valued share on the market...
But for staff and operational purpose...IREEM (MYDhan) will take the central role (It is already) and the name is changing from IREEM to MyDhan...
Hence you are seeing IDs changing from ITUP Global to MyDhan.io as the ID itself will convey what we are into...
Laxmi Prasad
It's a bit confusing that everything is migrating to Dhan.io
You said yourself that ITUP will direct list in Q4/2024 or Q1/2025 which means it is not disappearing.
And most of our contracts are still with IREEM/ITUP. Not with Dhan.
I'm probably missing something
Yes probably that may be one of the reasons...
It makes more sense for all of us to have mydhan.io as email IDs ...
Will ask Likhitha ...
Dear RD,
We will fix this monday early hours as I will have a proper date tomorrow evening my time (Monday morning India hours)...
Laxmi Prasad
Followers
|
63
|
Posters
|
|
Posts (Today)
|
3
|
Posts (Total)
|
11805
|
Created
|
09/05/19
|
Type
|
Free
|
Moderators aandt karlacorn3 |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |