Roundtable Discussion; The Future of Mineral Sands. Watch the 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.
Columbo, there is no sense to what you are posting, why on earth would the bod wait until such a low to raise funds. At the current mkt cap it simply wouldnt be done.
im not quite sure were you get the idea from,that because of there low market cap,that dilution isnt possible,ive been in companies with an even lower market cap than des and seen dilution,they may have oil but theres a reason why investors are giving this company a wide birth at the moment.
Despite their limited cash they are in a strong position, they have oil, Sealion is going to production and Des will be party to any negotiations. Their low mkt cap limits funding options, dilution is not a possibility at this price leaving a choice of sale or farm-in. The data room opened Feb 4th, I'd expect to hear something in the next couple of months. It's a buy imo.
that des havent got enough cash for drills which the rumour has it can cost up to 700k a day,if they go to the market and ask for more cash which means more liquidation then the sp will plummet.thats why im playing the waiting game before topping up again,
I agree with you and it is for this reason that I think the Des sp is going to move. They haven't the money to drill and develop the field. If they farm in/out then against the oil they have, so far, it would leave them with very little, to call their own, once it gets into production. The answer seems to sell off their chunk of Sea Lion and PMO/RKH must be in the best position to buy it. Then they can go on and explore their other leads in that block
Hate to say it, as I have a few des, but I predicted that this would see 10p a few months ago if the chart/trend being indicated was correct. I think it looks like it is. What concerns me about des is that at some stage they will probably relinquish SL for some cash to enable them to move on with their other prospects. Problem is, we all know the cost of drilling and the cos attached and I cannot see them having enough ongoing cash to risk. The only way forward for them at the moment has to be a farm in or total t/o at the moment. There problem is field locality is very intertwined/close to noisy neighbours and not sure if they will obtain enough interest for investment required. Although they have proven asset I'm not convinced that they are in a terribly strong position moving forward in any form.
I just have a feeling, not facts, about DES. Its just that I feel that this is a share to watch carefully
yes i agree pal 13p is a good price,if i bought 1ks worth id get my average down from 99p to 21p,but never the less the next few months are gonna be interesting with des,if i can get a good price with my shares for val and findel then i may top up,but good luck whatever you choose to do.
Many thanks mate but i think £1k @ 13p is not bad at least i will be able to double my money, they have to hit it big at some point, be it in 2 months or 2 years
yes i agree with you there m8,they hit 180p with masses of anticipation and no oil,was unbelievable at the time,i for 1 jumped on the des bandwagon,didnt pay of for me,but as they say you only lose when you sell,thats if youre stuck on 99p like me,ha ha,luckily i didnt invest to much,just a punt that didnt work out for me.
Des should never have been 180p, massively over valued at the time but a lot has changed, although lacking in funds they have oil and will be part of any agreement with pmo/rkh who are committed to moving forward to production of sealion. I expect pmo/rkh to do very well over the next few years, and des too on the back of this.
i certainly hope youre right pal ha ha,ive done ok with sar in the past and im 100% up on my investment with findel at the moment,nothing would pls me more than des to hit the big time.
yes i do understand the point youre both trying to put accross,im afraid we will have to agree to disagree,but if i had 1k to invest and 1k only,i wouldnt put it in an oilie,ive seen sar go up 60 or 70% in a single day in the past,and yes pharmas,you do need a lot of patience from time to time,but if you find the right 1 then youre minted.
I'm with jay111s. Small pharmas are a binary play - if they find the cancer cure, you're minted , but if they don't, you've probably lost it all, unless they have more decent stuff in the pipeline. Oilie explorers are much the same with drills, but here with DES, the difference is that RKH have already found oil in Sealion and hence DES's acreage is worth something decent which will support the price. It can only really go up from here with farmout, drill anticipation, or takeover.
there can be all the oil in the world in the falklands,but if des havent got the expertees to find it and get it out of the ground,then its a no goer,this is hence why we have gone from 180p a share down to 13p over the last 3 yrs or so,6 drills and nothing,if thats not high risk i dont know what is,ive never lost money investing with sar and val,thats why i posted to chris barber earlier,
Absolute nonsense imo. I avoid pharmaceutical companies incredibly high risk, endless research, years of trials and the majority never come close to production. Many research companies focus their efforts on a particular area or drug which can lead to a binary outcome of either success or failure, but mostly failure. Their SP volatility reflects the risk / reward.
oilies are prob the most high risk,i prefer pharmas like val and sar,cheap shares with more of an upside for a decent return on youre investment,ive had my fingers burnt with des,but it entirely up to you.dyor
http://www.sharesmagazine.co.uk/news/preparing-for-the-falklands-oil-boom#.UbshZr3K3Gm
F1? Im new to all this i have 1k to play around with and its really nice to have friendly good advice
Thanks for your info but i really feel my heart is set on getting £1k of shares with desire, im really sure the price will bounce back up very shortly, i honestly think there is more profit to be made here, even for someone like me that has hardly any experience
Thanks & the same to you.
GL with you investments and your football team.
I am in prs, but I will be in lgo sometime soon. I will say read through some posts by AngelN1 on lgo and the last 3-4 rns's. Just make sure that you are happy with the amount that you invest and what share it is in. Now I will not post on this bb anymore, as it is not fair to the posters on here.
Now you're confused aren't you. Live by the sword.........
Take no notice of the last recommendation IMO. You'll find not too much going on here for a while yet. There is a shareholder revolt going on behind the scenes apparently. You may get a gain in the nearer term with BLVN. It appears to have bottomed out. Des could be a goer in the future but look for some buying pressure. Stick to stocks with proven fundamentals and respected business associates.