A person who has subconsciously chosen that they are not willing to be teachable, unlearn and relearn is a person you shouldn’t waste time arguing with.
You can never beat a fool at a fool’s game.
It’s disgusting seeing people defend a kid who for some reason had a knife during a school track meet and used it to KILL another human. What the actual fuck is wrong in some ppls minds dude
The AI models have gotten sooo good that I’ve not coded “by hand” in months. I just write instructions.
This is for an existing codebase. It misses some marks but I’m able to get it back in order.
It’s amazing how far we’ve come.
LLMs killed the JS framework wars.
We used to get a new framework every week.
Seems like the whole industry has finally converged on React (or maybe I’m in a bubble). I personally feel for Vue.JS
Davido’s recently deleted social media post may have been a temporary lapse in corporate discretion, but for the Nigerian capital market, it provided the most definitive receipt of the year.
By posting a picture of the unexecuted private placement form for the Dangote Petroleum Refinery & Petrochemicals FZE, the Afrobeats star accidentally handed the market the exact coordinates of Africa's most anticipated listing.
While the form itself was blank, the printed offer parameters were highly telling: the private placement is structured around 3 billion ordinary shares priced at $0.35 (35 cents) per share.
Here is the breakdown of what this leak means for the upcoming Initial Public Offering (IPO) and the valuation of the refinery.
The Private Placement Valuation Math
Using the prevailing exchange rate of ₦1,373 per US Dollar as a benchmark, we can calculate the exact domestic cost basis of this early-stage capital round:
1. Price Per Share (In Naira):
$0.35 × 1373 = ₦480.55
One pre-IPO share is priced at approximately ₦480.55.
2. Total Value of the Private Placement Tranche:
The total value of this specific 3-billion-share private offering is approximately **₦1.442 Trillion** (roughly $1.05 billion).
Narrowing the IPO Pricing Band
In corporate finance, private placements executed ahead of a public listing are typically offered at a strategic discount (usually ranging between 15% and 30%) to compensate early anchor investors (such as possibly his friend Femi Otedola, who has reported requested a $100 million stake) for illiquidity and execution risk.
If ₦480.55 represents the discounted, pre-IPO entry level, we can logically project the public listing price on the Nigerian Exchange (NGX) to land within the ₦600 to ₦800 per share corridor.
This pricing strategy has major implications for the market:
1. Democratic Market Liquidity: At ₦600 to ₦800 per share, the stock remains highly accessible to retail investors. Unlike elite, high-priced peers like Seplat (which recently crossed the ₦10,000 milestone) or Aradel (trading above ₦1,200), a sub-₦1,000 entry price ensures massive retail volume, deep order books, and healthy post-listing liquidity.
2. Implied Total Valuation: If Dangote Group plans to float approximately 10% of the refinery’s equity to raise up to $5 billion, a private placement of $1.05 billion (representing ~2% to 2.5% of the company at this stage) aligns perfectly with the target overall valuation of $40 billion to $50 billion.
The Wolf’s Verdict
The leak confirms that the valuation of the Dangote Refinery is not built on speculative hype but on precise, dollar-denominated assets.
Buying in at the private placement rate of ~₦480.55 is a structural advantage, but even if retail investors have to wait for the official public listing in the ₦600 to ₦800 range, the long-term outlook remains incredibly robust. Given that the refinery is already operating at a massive scale and generating USD-equivalent revenues (with dividends promised in USD despite buying in Naira), this will undoubtedly become the anchor asset of the Nigerian capital market.
The speculation is over. The pricing corridor is set. Position your cash reserves accordingly before the September bell rings.
The game is the game. 🐺
MİLYAR DOLARLIK ROBOTİK ŞİRKETLERİNİN 50 YILLIK MOTOR TAKINTISI AZ ÖNCE ÇÖPE ATILDI.
Mit araştırmacıları insan kasını birebir kopyalamış. Ama o bildiğiniz ağır metal dişliler, karmaşık hidrolikler veya binlerce dolarlık servo motorlarla değil. Sadece elektrik yüklü bir sıvı ve minik bir pompayla.
Sistem dümdüz senin kolun gibi çalışıyor. Pompa içeriye elektrik veriyor, iyonlaşan sıvı hareket ediyor ve lifler kasılıp gevşiyor. Kolunu büktüğündeki kasılmanın aynısı.
SIFIR MOTOR. SIFIR HARİCİ DONANIM. VE TAMAMEN SESSİZ.
Herkes bilim kurgu geyiği yapıyor. Oysa burada koca bir endüstrinin maliyet yapısının nasıl tabana vurduğunu izliyorsunuz. Yıllardır donanım üretmek demek, arıza yapan metal yığınlarıyla ve sürtünmeyle boğuşmak demekti. Şimdi olay sadece basit bir sıvının iyonlarla yönlendirilmesine döndü.
Bu lifleri gerçek kas gibi birbirine sardıkça gücü katlanarak artıyor. Yani performansı artırmak için daha büyük ve pahalı bir mekanik motora ihtiyacın yok. Sadece o bağlama birkaç tel daha ekliyorsun. Kuvvet doğrudan ölçekleniyor.
DONANIM ARTIK YAZILIM GİBİ UCUZ VE MALİYETSİZ BİR ŞEKİLDE ÖLÇEKLENİYOR.
Parça üreticilerinin fişi çekildi. Üretim bandındaki ağır sanayi tezgahlarından bahsetmiyoruz artık. Etrafında dolaştığını bile duymayacağın, seninle aynı organik esnekliğe sahip maliyetsiz sistemler geliyor.
Mekanik devri kapandı. Yeni oyuna uyanın.
i think what the americans don't get is that you cannot treat national football teams like normal people, you have to treat them kind of like diplomats
I think we’ve reached the point where normal people can’t really determine whether new models are better than previous ones. Like Fable doesn’t seem that much better to me, but every 150 IQ person I know is like “wow the singularity came sooner than I thought”.