Member Info for Dibs61

Hi Noel I don't come on here so often these days. Wasn't ignoring you.

Well we can all dream! Unfortunately the chance of FLX doing 3p to 30p in a day is about as likely as Santa coming down your chimney on Christmas Eve.

I stick to what I said but you must go with your own conviction.

STAR normally gets decent support around the 1.5 level and bounces going back 3/5 years. So that does seem to be a critical level.

I found this news snippet from March last year where MWG sold another aquapack to the Omanis.

https://www.marketscreener.com/MODERN-WATER-PLC-4007118/news/Modern-Water-successfully-commissions-AquaPak-in-Oman-24314178/

This one didn't appear to have been RNS'ed. So clearly it worked effectively and they were happy enough to buy another one.

Promising.

https://www.modernwater.com/assets/downloads/Factsheets/MW_Factsheet_reverseosmosis_500_highres.pdf

No price quoted.

Indeed. The only extremely vague clue provided is quote "marketed at an affordable price".

Undoubtedly good news but how does the market value it?

Is the following paragraph from recent results:

If revenues fail to grow at the anticipated pace, there could be lower cash headroom or even a cash shortfall. In this situation, the Group will need to seek additional funding through its existing funders, the London capital markets or potentially through Asian investors now that the Group is more balanced to that region. The directors have not yet sought to raise additional funding and therefore the availability of this in the future is inherently uncertain.

That’s it in a nutshell. Until market is convinced/confident of cash position/financing the SP stagnates.

100% agreed john. A dividend policy at this time, when the company is still at a very early stage of its growth and development is completely inappropriate. Profits should be ploughed back into the business to repay existing debt and fund future development and exploration costs.

Companies only start paying dividends when their growth is beginning to flatten out, and they have plenty of spare cash to distribute to shareholders. Are Ariana anywhere close to that situation? No, of course not.

I find it quite bizarre that a company like Greatland Gold can hold a valuation of nearly £60m with absolutely ZERO resources or reserve. A stock pumped up on nothing more than hype. Then you have Ariana, a company both producing and developing with an attractive exploration portfolio. Ariana is valued at around a quarter of GGP!

Has fallen 50% in less than four months. Can all of that fall be attributed to the general bearish market sentiment?

I’m not so sure.

If you go back to early in the year it was nearly 4p.

My own take is that it’s because they are simply not generating enough cash through sales to cover both their costs and, crucially, financing any incoming deals. Witness the placing that accompanies each contract.

This is a bear market alright. But does look more and more attractive the more boredom selling there is.

Also, I’ve noted the amount of times a SP drops just before news drops..., and I don’t mean bad news.

Some impressive buying this morning. Possible SP breakout coming?

Meanwhile Imminent exploration drilling at Kizilcukur which hopefully will keep the pot boiling.

rivaldo thanks for posting interview. Interesting. I have a question. With reference to CD4 my clear understanding was that WHO prerequisite was a necessary milestone to commercialisation. Without it ODX cannot tender for larger orders. What is the status of the WHO prerequisite? I can see no mention of it for a number of months now. I clearly remember it was about this time last year that Omega announced it would be a year or maybe a bit more to secure it.

Why have ODX said nothing about it when talking about CD4?

3 v 1

Doesn’t look like there’s much stock around

So it has come to this. No longer can they get conventional placings or bucket shop deals away to get cash. They’ve had to turn to PI’s solely to bale them out, Sign of the times. This is a terrible market atm - no one wants to buy.

They’ve stated clearly that they will commence winding up by end January if they don’t get the cash they need. I simply cannot see them raising the £2m plus they need from shareholders. Maybe they’ll be able to limp on for a bit longer if they get some of the cash but it does not look good.

Beginning of the end?

Yes I certainly see your point and, in some circumstances that kind of II involvement could sway it for me too. But this is FLX. Their (management) track record for delivery is very poor. Their track record for p*shing shareholders money is exemplary. Thats what I go on. Why would anything change despite all the big talk? Same old same old. Who knows maybe I'll be wrong though, only time will tell.

In the meantime it looks like SP is set to go sub 3p so you should be able to get that in the next few days.

As I said I'm not going to do your donkey work for you. Your investment YOUR responsibility. Particularly when you have such a cocky approach. JCL's.......

Cockroaches? Oh dear, reasoned tolerance of differing views is tossed out the window here isn't it?

And frankly the main 'bitterness' being displayed is by disgruntled holders taking out their losing position frustration on those who can have a more rounded view on the situation.

Remember the SP always tells you the story.

Thanks for your thoughtd unvrkw. Yes I agree its certainly not universally negative and we are in an exceptionally unforgiving market.

I've always seen CD4 commercialisation not just as the panacea (as it maybe now) but the transforming solution here.
However, the new advanced CD4 is now seen as the better solution and this, in respect of product development, has delayed the timeline for commercialisation considerably, if we assume that it will be by far the bigger seller. That is off putting to investment atm.

The market will give it the thumbs up. Certainly puts to bed any talk of going bust and imo significantly strengthens the company’s position as well as a bit of future T/O speculation

The accompanying statement wasn’t terribly reassuring either.