Member Info for Dibs61

How can you have any trust or confidence in a company that screws up a simple routine RNS? I mean seriously? Schoolboy error. Does anyone bother to proof read anything before it is issued?

No NoelShempsky FALANX are so predictable!

"MrDribbles" unless you are posting under a new username you are fairly new here. I know because i've been on this BB since FLX ipo'd back in oh 2013 or so......

As for advising you on the overpromising and underdelivering - nice try - but you go away and DYOR. A tip - try reading their RNS's. HTH

Sub 3p as good as nailed on here. Following the recent massive dilution now the confetti has been tossed there are over 400m shares in issue. Which means this is now valued at just over £13m - which is just too much for a company that perennially overpromises and underdelivers.

The long term chart is an ugly sight. A succession of lower highs and lower lows.

If we do see 1.2 or less here again (which I very much doubt) I will be backing the truck up

Welcome, and if I may say so, a shrewd decision and you’ve got a good price. Are they all your buys?

While Michael swans about in ‘The Big Apple’ the SP isn’t so fruity. Indeed it’s rotten to the core. Zero buyers. No interest and a few bored sellers.

Still annoyed with the vague and pointless trading statement earlier this month. Nothing we didn’t know and absolutely no sign of any deals.

Checking out long term charts I wonder if technically there’s resistance here @ 1.5? Anyone more qualified care to comment?

Valuation here is ridiculously low. At some point the market will wake up to this and it will get somewhere near true value.

DYOR

And get a deal done!

The SP is dying a death here.

THEY CANNOT AND WILL NOT BE DISCLOSING ANY NEW INFORMATION. HOWEVER, LET US ASSUME THERE ARE SOME PROSPECTIVE INVESTORS THERE AS WELL AS ANALYSTS ETC IF THEY ARE SUITABLY IMPRESSED THEY MIGHT SHOW SOME BUYING INTEREST. ITS A PROACTIVE MOVE BY THE COMPANY TO TRY AND DRUM UP SOME INTEREST.

I AM REMINDED OF AN OCCASION WHEN I ATTENDED AN INVESTOR EVENT ABOUT A YEAR AND HALF AGO. GREATLAND GOLD WERE PRESENTING AND PRIOR TO THAT EVENT THEIR SP HAD DONE DIDDLY SQUAT. I CONFESS I WAS IMPRESSED BY THEIR PRESENTATION BUT DID NOT BUY. THE SP SUBSEQUENTLY ROSE IN THE NEXT FEW MONTHS FROM 0.35P TO OVER 2P. I'M NOT SAYING AAU WILL DO THE SAME BUT IT COULD. ITS ALL ABOUT GETTING INVESTOR ATTENTION, THEN ITS ABOUT THE STORY AND SENTIMENT.

I THINK AAU WILL DO WELL IN 2019.

Yes blonde- don’t forget there are two sides to every trade - a buyer and a seller - and the price ticked UP afterwards. So it was an order cleared.

Boredom sells this morning.

But they have intimated Gibraltar contract news before end of year. Please.

dc2_ re your 2nd point no that def sounds positive and encouraging

I’m expecting a Holdings RNS in next few days re the 4.25% trade yesterday- it has to produce one so that will be interesting. If there is a sniff of someone building a holding then that should provide a fillip.

They target EBITDA breakeven in, quote, 'the next few years'. What kind of guidance is that?! And with opex expected to top out at up to £12m and revenue still at only £4m - thats a big gap to make up. A few more sizeable fundraisings to come, in one form or another.

Over 4.25% of the share capital in one trade. Sell or a buy? Looks like a sell but you never know. Could be a craftily worked buy order. The price ticked up straight after it was executed. We should find out soon as it will surely trigger a Holdings RNS.

Find it unbelievable this is still valued at nearly £20m!

Look at the rapid succession of trades with a value of £1k or thereabouts.

One of TW's mates?

Yes indeed. The market often overshoots to the upside or the downside and, in theory, finds true value eventually. There are other factors at play here which will prevent that from happening 'short' term. No pun intended...

Oh yes and this is AIM after all....

If you look at the pattern of the trades being executed Either somebody is distress selling or deliberately shorting here. Because the stock is so illiquid you don't need to sell large quantities of shares to drop the price. We can see this by just looking at the trades going through. Because sentiment here is now virtually rock bottom its possible to use fear to get people to part with their stock.

I'm not saying its not possible that they could go bust. Of course its possible. This is now valued at £5.76m plus net debt around £5m so EV of £10.76m. Traks existing contracts must be worth considerably more than that figure? Am I getting something wrong here?

Either this is going bust or its a one off opportunity to get in very cheap if you believe in a recovery.