Member Info for Dibs61

If all the people selling today actually even bothered to look at this mornings RNS?

Or was it, oh there’s news, sell!

Loan is on target to be paid off by April 2020

Barry the trade was this morning but I see - thanks

Now another Holdings RNS stating David Evans has increased his stake too.

Presumably through the recent fundraising.
A vote of confidence.

seeingtom - good post and you present a good bull case. I take all your points.

I would comment though that when AN talked about the cash runway well beyond FDA clearance he meant significantly past H2 2018. We can now estimate that FDA clearance is unlikely until H1 CY2020. The delay is now roughly 9-12 months beyond his original estimated timescale. Angle burn a lot of cash. The market will increasingly focus onto their future cash requirements. You may prove to be correct but the risks of a cashcall sometime later this year have IMO increased and FDA clearance is not guaranteed. Best to bear that in mind.

2.5p today?!

With the greatest of respect, you’ll be lucky! Perhaps in the next few weeks but this stock rises very slowly and gradually - witness the chart.

You’ve chosen well though.

Noel - there’s no question that no one knows or understands the day to day machinations of the FLX SP better than FK1. He has devoted his life to it. :D

Are you saying I’m wrong? It’s not just this morning the trend is already established. Every piece of good news is sold into. The SP initially rallies briefly on green horns and then drops back.

Q3 in AIM timescales is a long way off and even if they meet that deadline - which based on previous experience is debatable- there is no guarantee of the outcome. And by then the cash runway has probably expired.

https://www.proactiveinvestors.co.uk/companies/news/221539/ariana-resources-eyes--busiest-year-of-exploration--after-profits-jump-221539.html

Very quiet here considering all the news and SP......

A dose of AIM reality. Some might be wondering why, in the face of yet MORE good news the SP is falling?

It’s simple. Cash.

The company, when they raised last year stated that the trial studies were due for completion H2 CY18. In the announcement last week the company stated that the additional work required would take the trial completion through to Q3 2019.

You see the problem? The market has. Expect more falls.

Even if these results are broadly in line with expectations it makes them no less good than they are. We shouldn’t underestimate this company’s achievement. It’s quite outstanding for a micro cap company to take a mining project to production - execute it so successfully - and in an unfriendly investing environment. At the same time to be continuously exploring for new assets. It really is exceptional on AIM and I doff my hat to the management for their tenacity and determination- and their skill and expertise.

Richard Sneller increases his stake yet again from 20% to 22%

Not sure how he's done it other than another large shareholder selling part/all their stake to him but no big trades to be seen recently.

Suddenly looks a long way off from a typically impatient aim investor POV.

Bermuda - thanks

Typical response in this market. If you’ve got 80% positive and 20% negative it’ll go for the negative!

Bermuda- what’s ASCO?

Disappointed with no director participation! They had a great opportunity to demonstrate their faith in the future of this company. I am beginning to wonder if Richard Sneller is chucking good money after bad.

Has it informed shareholders anything of value or real interest? Nothing really. Vague but packed with buzz words and business speak. No mention of trading.

A dubious, I would suggest, promise that acquisition deals will ‘accelerate’.

In response? A great bit pffft from the market

Indeed. Surprised there’s not more comment here. Things seem to be moving along quite quickly now.

Did anyone go and, if so, any feedback to report? Obviously no new material news but any interesting snip bits?

Very good informative professional interview as ever by Dr Sener.

One thing I found interesting is that ALL of Turkeys gold production is being snapped up by the Turkish Central Bank.