George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Firstly, don`t instruct me whether I should keep posting my views, this is a public discussion and I`m as entitled as anyone on here to keep posting my views....as others have been entitled posting every 15 minutes of every hour, of every day, of every week for the last several months.
Secondly, I have been studying and including charts in my analysis for many many years, and don`t need your advice on daily stochastics, or obviously any other feature of technical analysis.
Stochastics is a momentum indicator, not a lagging indicator, so it has relevance as to the direction of a stock. Its not a backward looking signal, so thanks for the warning about being careful, but you don`t know what you`re talking about.
So I would respectfully suggest that `you` be careful, with your misguided assumptions.
They can be expensive.
Fair enough bottom,
nothing wrong with having a view, and for that matter expressing it here or anywhere for that matter.
Only thing i would say is don't keep on going on about it.....because its never going to make you popular.....make your point and move away and come back when and if your right.....just my view...
You don't need to get annoyed, its just a bb......
If you want to talk about charts.....you could well get your entry....but between 2.7p and 1.80/2p we have a lot of supports....
i don't think it will happen imvho....
The other thing is careful with using the stoch.....its a after the event indicator....and not really relevant imho....
i don't use it myself....but good luck with your chart....
for me this is a retest of the the 200 day ema line at 2.76p and the previous peak around around 2.60p/2.65p
The rsi is also hit the support level.....this area should hold imho.....i did say in my last chart that below 3p opens 2.6p area....
good luck and be lucky.
atb, wdik, dyor,
trendfriend
dish - daily.
http://uk.advfn.com/p.php?pid=chartscreenshotshow&u=VmPEDBb9C7oBAYA1fF2x/xIfvFu2+fIzqGqHUi3vpOo=
Yeah I`ll buy, at 2.00p...a more realistic valuation, but only because the traders will buy at that level for a decent rise because the traders know that the fools will pile in at that level.
This company is in a serious financial position. It is a very high risk punt at this point in its history, the market knows it, and Aiden knows it, thats why he is trying everything to address the situation ie increase the locations ahead of the restaurant numbers.
Its a smoke and mirrors tactic to make it look like they`re a competitor....while all the time Aiden wants to fund his Firetree Chocolate ambitions.
Bigdish are starving, the income will not support the model. The competition will deprive Dish of their hopeful aspirations, and the best they (dish) can hope for is that someone takes them out for a few pence.
A £10m valuation is not valid at this time, and the smoke and mirror tactics are not fooling the market.
Don`t follow what I say, follow what the market and the chart says..and the market says....nah...not yet!
Tell me this chart is positive...a break down of the 80 level on the daily stochastics (the green circle) is not a buy signal.
https://www.tradingview.com/x/JZR5yZzr/
So Bottom, do you believe and will you buy back ?
No buyers agian, and not likely to be until the share price reflects the current realistic value at 1.8p - 2p.
New locations with `1` restaurant do not bring enough revenues in, and 50p per head is not going to do it in the locations that do have more restaurants.
The model is flawed, in that the puny income is not going to be enough until a tipping point in the thousands of restaurants.
The strategy of increasing the locations to make it look like a bigger footprint is not fooling anyone, least of all the market, the market is not stupid, thats why the buyers are thin on the ground.
And the stalling of the rise usually means only one thing...downwards!
Sell while you can, and buy back lower if you believe.
They had c150 restaurants in H1 and rev was £11k - so c£60 a day. Need a few thousand restaurants before rev is anywhere bear meaningful surely e.g. £1k a day
Then there`s Sanj`s CEO remuneration from Sept 30th until he was bumped out to make room for the new CEO...and the payoff they most likely had to give him.
He then entered into his consultancy agreement at some time in early December.
Also two `boots on the ground` territory managers retained, but haven`t yet said how many telesales personnel are now employed at.... c£600/week?
If they already have 10, the number that Tom achieved his results with roughly 100/week, then thats also £6000 per week in wages.
Very tight cash burn how ever you calculate it, and not worth £10m...yet!
They had £1.3m in bank 4 months ago, and claim it will last them `until` Q3...so end of June. Thats 9 months to survive on £1.3m...so £35k per week.
They threw away the money that was spent on the territory managers, now they`ve bought in Tom Sumner...not cheap, the telesales recruitment, costs of premises, the team in Asia, Aidens big money wages, and they still haven`t appointed a new NED to address the Corporate Governance issues, as mentioned in the RNS regarding their misleading statement of 30th May `19...they said 6 weeks ago that...
`The Company believes it will benefit from having an Independent Non-Executive Director as part of the Board and is currently in discussions with its advisers regarding suitable candidates.`
Money going out in many directions with very little coming in, thats why the market isn`t convinced that they are currently worth £10m.
They need funds, and soon.