Member Info for Dibs61

OBD never disappoints! Somehow claws out £7m while shareholders get absolutely shafted.

Some HEFTY buys going through

The buying in this stock is very very impressive I have to say.

At the current SP 8.75p the MC is a tiny £6.8m.

So the price to sales ratio (P/S ratio) is 1.13 which is extremely low and means the stock is very undervalued on this particular metric.

Looks pretty positive to me…..

Highlight: “ Revenues grew by over 25% to £6.0m (FY24: £4.7m), driven by the new recurring work in the aerospace sector announced in the early part of the year and new development work won more recently in the energy sector.

The Board expects this growth to deliver a materially improved EBITDA result for the year of approximately £1m (FY24: break-even*) at an EBITDA margin of over 16%, together with a positive earnings per share outcome for the first time in many years.”

Llama - yes Oakley has to go pronto. Get him out and get someone in with some commercial acumen and who can’t have his belly tickled by his NHS counterparts. Oh, and someone who just has a clue how to run a serious business and not a charity.

Keep in mind the BOD were all buying at above the current SP (range 7.6 to 7.9) back in May.

Trading update imminent …..seems a strange time to bail out.

Is this stock leaky?

Looking very strong

Anyone who has REE potential is now going to be in demand and we are in exactly the right place.

Nomlungu - the copper, zinc and lead grades in this licence area are all amazing.

3.1% Cu!

Https://www.londonstockexchange.com/news-article/EST/new-vms-licence-award-at-rulikha-deposit/17287332

There is quite a substantial, and very bullish comment from Alex actually if you look.

Now East Star own 100% of the Rulikha deposit area. Great news!

We can do another ‘Verkhuba’ at Rulikha.

The world needs Copper! 😁👍🏻

Some strong buying this afternoon and a nice intraday reversal too.

Only £3.8m MC with promising gold potential.

What’s it going to take to move the price up? There has to be background selling?

Anish finally got completely bored of sitting around all day twiddling his thumbs doing nothing. Absolute joke having a so called ‘CFO’ lol for a company that barely turns over £1m a year! All you need is a P/T accounts clerk! Save the company a six figure sum into the bargain!

Some very decent buying interest here again today. Volume growing as the gold price does!

We are still way below the consideration price of 6.2p which Mark Creasey agreed to pay for his LEX shares.

Those who are unaware who Mark Creasey is may wish to dig deep (no pun intended) as this guy is an expert - legend - in his field.

No finer endorsement for this stock.

Let’s be clear. If they had positive detail to convey about Hole 2 - this mornings RNS was the ideal opportunity to shout it from the rooftops. But we got very little…pyrite? …which means nothing… that’s it.

Why aren’t they going back to Hole 1 to go deeper if Hole 2 was any good?

Do you trust this management team that they are spending shareholders money wisely? I’m not sure I do.

I don’t think they can be trusted any longer.

Many More questions than answers.

The biggest thing for me is the ‘language’ and the ‘tone’. It has been switched down markedly. Much less detail and content from the early bullish RNS’s. No mention of interesting content in the cores. Pyrite means pretty much naf all.

And from being so excited about holes 1 and 2 you’d think they’d be continuing to focus on step outs in that area but no, suddenly they’ve made this incoherent decision to wander off 1.6kms to look at the area where they found modest grades at shallower depth? Eh? There doesn’t seem to be a coherent plan and that smacks of a bit of desperation.

And was I the only one to be surprised (again) to see an RNS after yesterday’s interview?

The management of this is very concerning.

The ONLY thing I take my hat off to them is having the ability to part investors from their money. No less than £7.25m has been raised from investors since June! I’ll repeat that, £7.25m! And we know it paid for RP, EM and DL to all go over to Oz for a jolly for a couple of weeks. I hope we are not all being taken for mugs here.

I think this RNS raises more questions than answers. I have noticed how Ed Mead has progressively been less excited with each update. The cores looked poor. Pyrite on its own means nothing. It ‘could’ contain gold but considering they drilled 950m there was no mention or reiteration of mineralisation, alteration, quartz zones etc, no chalcopyrite, nothing!

I know how to read an RNS and it weren’t good. And it’s obvious many agree with me (quietly) because people trying just a bit too hard to big it up!

I found it to be a very uninspiring underwhelming RNS. All the enthusiasm has drained out of Ed Mead. Just factual stuff about hole depth and fracturing. No talk of mineralisation or sulphides. No mention of ANY chalcopyrite which means no copper.

A worrying RNS IMHO.

The constant bickering on here is becoming extremely irritating. Can we not just concentrate on the positive prospects for the company, please?