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Think you're right. Every time they take it down another level a buy is printed - hard to get any size done in this so even a 25k sell order will shove it lower. Let's hope it gets filled today.

Apologies my mistake it is of course $15mm in cash at year end. Still, that's a pretty small premium for the rest of the business. I'm glad I've picked up a few more today, I like that they have chucked all the bad news in and not tried to sugar coat anything. Start the slow march upwards..

..commentators curse there .. sorry about that..

Seems to be holding here just above 40p. I guess if you have around £15 million cash then a market cap of £13 million is about as low as you can go?! Basically the market has priced in total failure, which I think is incorrect. I've been wrong before but this seems unduly harsh on a company that seems to offer a very viable solution for future global data management requirements.

I agree that they are on the cusp of something quite significant. You don't ramp up the workforce like that if you're not confident in the product. I have bought a few more this morning sub 42p so I'm either going down with the ship or making a fortune..

Fickle AIM punters won't like it though. As soon as you mention 2019 for full implementation people run for the hills - which presents a buying opportunity for those with a little patience.

Well I've not had time to digest properly but the highlights don't make pretty reading! As we have said before it's obviously a difficult product to implement with a customer so we are going to have to be patient..

Well they should have plenty of cash left still. These roadshows are exactly what I would want to see them exhibiting at - they've had some success with contracts in Asia so hopefully they will get some more pipeline off the back of this.

Well there's nothing from them this morning. I've given up trying to get any response from their IR contact Mark. Guess the big sell was someone choosing to act decisively rather than hope for the best with these guys. You're very brave looking to buy more..

Looks like a couple of opportunistic buyers might be coming in. I'd join you in buying more but I have funds set aside for the Aquis IPO.

When did Invesco take their stake? I can't imagine they are profit taking if they got involved a few years ago when it was 40 or 50p! Probably more like they are seeing there is more volume that they can offload into rather than cratering the price further. Shame they couldn't just offload a block onto one of the other instis.

Is that the lowest print ever in ENET? You'd certainly have to be pretty p1ssed off at the share price performance to hit a bid 2p below the current market. I'm now quite heavily down in these again since the weakness resumed - and STILL we wait for news...

Definite lull on the news front, but a busy period for the company in terms of drilling and collecting samples. "Alongside the laboratory testing of approximately 100 samples of Kiyenzi drill core, Rainbow now intends to complete the current Phase 1 drilling campaign by moving the rig to drill the four remaining airborne magnetic anomalies (which range from 300 metres to 2,700 metres in diameter), which will be completed by the end of June 2018." So I guess next news will be confirmation that drilling is complete at the 'anomalies' ? Other than that what else are you guys expecting news on?

Well at least they're alive.. This is creeping into the 40's - very brutal for anyone invested. I imagine the institutions are asking questions of them.Hopefully they get more of a response than me!

hear hear!

Here here Bannor. Absolutely on the mark with what you said and a thumbs up from me. I don't know if it was self awareness that he resigned from all those boards a few years ago or if he was politely asked to leave, but every company is better off without him. I am still convinced that we need Strang to leave in order to be fully rid of the Leni stench, but it seems like he is staying put for now unfortunately. On the plus side it seems positive murmurings are coming from EMH. Maybe one day both BCN and EMH will go up on the same day..?!

This seems to be taking a bit of a pasting today, slightly concerning. I know it's only small size but it has a big effect on the SP and on my general morale about this company. That rabbit they pull out the hat had better be a big rabbit..

of 100k shares not showing yet. Had to call bookie and do an NT, they really didn't want em. Got fed up holding too many of these and just watching money disappear with the same old painful excuses.

Looks like the auction uncross at 63 gave us a false rise yesterday, leading to the false drop today. Annoying when the condition codes do that, but at least it provided a bit of excitement for 2 minutes. Agree with your last post Tracy, they can't let out drips of info with these types of contracts so we may get one piece of mega news once everything is in place. I've had a good run of luck recently with shares that did nothing for ages and then suddenly came to life (e.g Derriston Cap) - I'm really hoping ENET will provide me with my next reason to celebrate..

Nice one draft - I'm glad we didn't talk each other into selling out of boredom! I've got a bit of a hangover today funnily enough - let's see what the news brings us in the coming weeks..