Member Info for bandit1

Well the traders who sold down in the last couple of weeks were caught napping and will have been scrambling to buy back in this morning. This will catch the attention of institutions now IMO given such a strong partnership with Haleon. Exciting times now as we have the worlds biggest market being primed to expect Eroxon on the shelves of Walgreens and perhaps the other big retailers depending on the distribution agreement.

Yes that is correct but they issued a trading update end of June last year as MoneyH pointed out so reasonable to expect a trading update by now.

Still no trading update! Let’s hope that the latest acquisition will have a positive effect on the price as this is all very dull.

Perhaps a change of mentality would make things a little less stressful. Instead of trying to second guess the next set of news to make a few quid on a trade, why not reflect upon the future potential here and relax in the knowledge that multiple new commercial deals will be signed and announced in coming months as well as revenue figures and more granularity in terms of repeat purchases and effectiveness of distribution channels etc. This is what will move the share price onto a different level but of course these things actually take a little time and in today’s world of instant gratification ( Eroxon can help in this regard) a few weeks is as long as some people are prepared to wait for their pot of gold.

No need to worry about debt. Our CEO explained that they refinanced the debt last year for a few years hence at lower interest rates than we see today and with strong free cash flow we can use the cash to ramp up share buybacks as well as selected acquisitions. I don’t blame them for buying shares back at these prices if the market is asleep. Let’s face it most of the UK is in a coma atm and companies like CNIC with strong cash flows can take advantage of it. When we get out of this economic rut and inflation falls and interest rates turn down, cash from pension funds which is earning 5% on deposit or in bonds will return to equities again ( it always does). Smart investors will be waiting for this and will position themselves to take advantage.

Many thanks for sharing. This was a terrific interview and helped me understand the domain name market much better and the strategic drivers for success. It seems that we have a very capable CEO who has the ability to take this company much further. The market will eventually catchup so a little patience is necessary here along with most UK listed companies atm but I look forward to future financial updates and how the new deal with Microsoft BING will positively impact on revenue and bottom line. Lots to be optimistic about.

Jackbal - not a good analogy is it? Madoff created one of the biggest ponzi schemes and was convicted of fraud. Our dynamic duo are guilty of mismanagement/incompetence at worst some may say. I will be the last to defend them as they have destroyed value here but let’s not get carried away until we establish the facts over the change in majority ownership with the JV. If there is any evidence of wrong doing then that is the time to take action is it not?

Yes as expected, traders have taken their turn and are likely to be chasing other rainbows, investors are waiting for useful information ie. more granular sales data and information on commercial partnerships hopefully in multiple jurisdictions. Lombard’s position is both a strength and a weakness IMO. A strength in that they will have a big say in any takeover attempt and will want a very good return should this happen, negotiating from a position of strength. Some will see their position as a weakness expecting that they will sell into any substantive rise. They are very smart people and in their shoes I would sit comfortably just below 30% so they can sell down small chunks only if required to stay below the mandatory offer threshold and wait for the real monetisation events to happen. They may be approached by institutions to sell blocks to avoid those institutions buying in the market driving the price up but would certainly negotiate a decent premium. So, I am comfortable where we are and will wait patiently for the management team to do their thing and inform us of progress, hopefully, on a regular basis thereby avoiding the drip, drip that is only too familiar on AIM.

Bhargav - give it a rest for goodness sake. We are all acutely aware that Louis and Brad have made a complete and utter mess here and most have lost significant amounts. This could end very badly or a solution may be found, who knows, but I have all but written off my stake here. Own your investment decisions like most of us and stop bleeting day after day. I know that I should have undertaken more research on our weak management and the fact that they had no skin in the game instead of being seduced by 2 majors but my bad.

What evidence can you produce that there are any significant shorts here? I think you will find it is much less sinister and simply that retail investors have been selling out to avoid being locked out when the share is suspended on Monday am before the markets open. No-one has any idea how long it will take for this mess to be sorted out as yet another suspension with no timescales, which is a pretty poor show on any measure even though Fanning remains ‘excited’ despite the fact everything going on around him is ‘outwith the company’s control’. I do wonder who believes this stuff! I suspect that Tosca will be less than pleased with Fanning and I would not be surprised if they decided that he has had his chance and some and that they now need to preserve their hitherto large investment here before there is nothing left for the SLE portfolio manager to tip into the Tosca pot.

Always good to hear from the company this morning although, understandably, they have to be extremely careful about what they can and cannot say. I would like James to take some pills to boost his levels of enthusiasm though, as they have such a terrific story to tell and IMO should be shouting from the rooftops!. They have achieved a lot over the past 6 months but naturally the share price behaviour will move from speculative punters hoping for a turn on FDA approval to investors trying to make sense of the revenue and profit forecasts down the line. High quality data collection and analysis is also very important for their marketing partners to fine tune their strategy and to provide management with good quality data to communicate to the market. Our FD explained that it will take a few months which is understandable. In the meantime there will be commercial deals to negotiate which will take time as the US partners will be the source for the greatest share of revenue going forward and the deals have to be watertight with the correct blend of carrot and stick to optimise sales for all parties. Eroxon sales will continue as new markets open up and I hope that the company attract some new investors who are in for a few years as the product matures, rather than a few months. Buying below 60p will be considered a bit of a steal IMO as we progress across the year and we hear about new commercial arrangements being signed across the globe. The futura looks bright.

Just tried to buy another £20k worth of stock on the drop this am. Surprise, surprise the market makers are at it as always as I had to split my order into small chunks until I bought the stock. Likely that they are dropping to accumulate to sell onto new investors who attended the presentation and can see the potential. For those new to investing this is what has always goes on in the background and it is worth spending time to understand the ebbs and flows to be able to anticipate the daily shenanigans especially with small caps. Unlike many small UK companies atm this has exciting prospects with majority of sales outside UK so not hamstrung by a depressing UK economic backdrop not helped by a poor governor of Bank of England who IMO is out of his depth.

Roadster - you have my sympathy as many investors backed Cross after making money in his previous ventures. This was a huge step too far IMO and his obvious failings came to light a few years ago when he failed to communicate regularly and clearly with shareholders choosing to throw us the odd crumb which IMO was arrogant and therefore he lost a lot of investors as a consequence. I remember selling out at circa 70p feeling that he was running a public company like his own little fiefdom. He surrounded himself with inexperienced ‘yes men’ so virtually no challenge to his stewardship which was a warning sign in itself. The damage has now been done and with the loony left sticking the knife in the sector there will not be a great rush to invest here in the future. Another sad story for UK investors.

Just looked in here after seeing the company on the days fallers list. I bailed out a few years ago due to my deep concern about the way in which Cross ran the company. I remember having a few disagreements with SOTB who would not have a bad word spoken about Cross. I felt that Cross treated shareholders with disdain and would barely communicate beyond what he had to on a statutory basis ie. Financial accounts. He moved a very inexperienced lad into a FD role which was the final straw for me. It seems that lad has now gone. Thankfully, I followed my instincts in this instance as it looks as though Cross has lost his Midas touch. Not here to gloat but as a reminder to myself and others to ignore those who will ramp a stock day in day out even though there are many good reasons to question ones investment. DYOR and be wary of those who spend lots of time ramping and refusing to accept any criticism of management.

Red - no longer a holder as I sold out months ago as it was glaringly obvious to me at least that this was fast becoming a complete and utter mess with even more dither and delay than we have been used to seeing from useless politicians. Still on my watchlist for amusement value only. You cite that are a buyer despite so much uncertainty around. You must be wearing the same brand of rose tinted glasses that Alaric and that pompous poster Bluerill wears and who will be on here shortly calling everyone else who see the shambles which has unfolded here for what it is , as dimwits. Who are the dimwits now? Your choice to buy even more of these of course but I do hope that the potential upside opportunity you see amidst the carnage is worth the downside risk as all that I can see here are powerful self interests groups tying the company up in knots and starving it of oxygen. This usually ends badly in my experience. As for Malcy, buy him a nice lunch and he will wax lyrical about any OandG company (allegedly) so be careful about hanging your hat on his musings only.

Tough times being a shareholder here these past couple of years, that, there is no doubt. I probably fit into a fairly large group here who have a few million shares, seen significant paper losses but have stayed loyal to the company, believing in the potential opportunity.

My laser like focus is on production and free cash flow generation. The game changes at this point as valuation is so much clearer and with future production forecasts allowing ‘the market’ to fairly value Hav and any other emerging assets.

SD IMO is a talented individual and a strategic thinker ( not all finance people are blessed in this regard) and has been skilful in dealing with SB who has tried to shaft us. We must give him credit for that. He had little choice but to bring in a cornerstone investor at a cheap price as that is what they would have demanded, and we needed them. This financing of a large debt facility was impressive.

I am also concerned that he is prepared to give away large chunks of cheap new equity to appease his Aussie chums. If he does so, who will be left to buy in the market? There is a balance in every situation. Allow some new investor in with a raise but do so with a specific transaction in mind whitch allows the market ( including us) to determine whether it is accretive or not. I would be quite happy to see a delay on ASX listing until free cash flow is imminent but that is unlikely.

To those who say that retail investors are disappearing thereby weakening our influence I would see not yet. Still a very large proportion of nominee shareholders. Let’s see what the listing documents say and let’s assess the position prior to the vote.

Sean has bought few shares which is a little disappointing. He has a big chunk of option in the 20’s from memory. I would like to see him exercise and make money on these options in due course. What I would be concerned about is large chunks of new options gifted when the share price is on its knees. That would not be a good look.

Well done Barder and team. Credit where it is due and they have dug in and delivered. If you are a trader you are probably miffed at the timing of the warrant exercise if you managed to secure some in the first 30 minutes. This cash injection stops those same traders suggesting a cash raise in the weeks to come so that’s why they don’t like it. To make proper money here you wait for the funds to start buying in now that we have a huge market opportunity ahead of us. Sales figures will whet the markets appetite and if you have followed the story for a few years it would be folly, IMO, to sell now when you have absorbed most of the risk. Exciting times ahead.

I would be interested to know when Newcrest made this decision. If it was made in the last 48 hours perhaps it was a strategic move on their part in direct response to the RIO Tinto JV. They may regret playing hardball with GGP over the 5% option, delaying the MRE etc should we find other large ore bodies on our 100% tenements and/or the new JV with RIO Tinto and Paterson becomes THE place every major wants to mine. That would make Newcrest look a little silly would it not?

Akrigas - IMO Bhargav is primarily a trader who creates the impression that he is heavily invested and therefore posts his buys but never his sells - funny that!. For those who been around for more than a few years they will see that for what it is. Makes no difference to me as I can see it as clear as night follows day but for some who may have less experience they could rely upon his musings rather than make their own calls based on their own research.

We are clearly in a tricky situation but the pain is in the price so for me we need some resolution of the impasse with the JV and must fight to reach some agreement with MMA. I have no interest in Brad’s 2 vanity projects as they will simply keep him and Castro in a job for a couple of years whilst they squander the cash sitting on the balance sheet. I see little point in bailing now but it has been a very unpalatable investment.

Obtaining FDA approval ( it must be very close) is very likely although cannot be guaranteed so I am surprised how many traders sold out over the last few weeks especially after the product launch in Europe. They must be happy with their 10% or 20%. I sincerely hope that there is no leak and that we wake up to an RNS soon as this will lock a lot of traders out who will miss the rise which should be significant as the ability to launch in US will be transformative. I expect that funds will be keen to buy in on FDA news too. Much to look forward to.