Member Info for Dibs61

We can't drum up any interest here. This would rocket on any kind of demand because the shares are so tightly held. Two months now since the IDS 'approach' was muted by the company. Surely we will get some kind of updated on the new arrangement soon?

Taken a position here while it's still quiet. Initial Seismic results from Porcupine Basin are expected this month. Any indication towards a mother load will spark this into life.

Good morning. I wonder how many noticed that there was a cash outflow in Q4! Note the following: "Cash used in operating activities of US$0.1 m in Q4, compared to US$11.1 m of cash generated from operating activities in Q3, reflecting lower gold price on lower sales at higher cost but also with increased working capital in supplier prepayments and VAT on all capital and operating expenditure;" I don't see how they can use a lower gold price with higher costs as an excuse. This is, as we are regularly told, a highly cash generative high margin operation. Increased working capital etc etc requires further explanation. I think the production numbers were already expected and factored in. So, overall no upside surprises but def a downside surprise regarding all important cashflow - hence the SP drop IMO.

Company stated the following: "We will update the market as soon as we have a clearer understanding of IDS' intentions but as things stand, the outlook for the rest of the financial year is encouraging within our core business with revenue and adjusted profit before tax expected to be at the higher end of market expectation due, in part, to favourable currency movements." Normally you would expect such a statement to support or dare I say it, raise the SP. Our SP is down on this announcement and on today's positive announcement. It's really quite hard to fathom this market. The company are doing everything right. They are delivering across several fronts yet this remains off the radar. Undervalued. When will get the rerating this deserves?

Yes it certainly is positive news. Omega are delivering. I wonder how much of a return it's likely to generate on their investment? One would've thought a substantial one, they are doing all the right things.

FK - what do I think the SP will do next? Anyone's guess isn't it. I'd be surprised if it made headway back to 11p+ before the next update. As I said earlier though it needs to hold a weekly close @ 9p or above or IMO it's going back down to 6/7p Overall there's no question sentiment has now turned bearish,

Q4 operational and production update should be within next 10 days or so. Results harder to say - within next couple of months?

From previous operational update: "We now plan to move to the all important 90 day flow test without delay." All important - not my words but Carvers. Funny how priorities can change so quickly eh?

Well I am showing my confidence by adding to my holding today. Daisan you are indeed correct to draw attention to the debt. But I believe we have now reached peak debt and much of future capex viz a viz Singida and exploration should be funded from cashflow generated. Thus no need to add to existing debt or dilute. Production could be not far short of 100k ozs this year (new Luika + Singida pilot)

From a TA perspective what is has done today is precisely what you'd expect it to have done. Forget the conspiracy theories about big holders not selling but actually buying. That's utter *******s. It's all about 9p being a long term vital support level. It's bounced off that level several times in the past year. Now IF it were to close below 9p (particularly a weekly close) that IMO would be bearish for the SP. in this case I would see the SP dropping to 6-7p. NOT saying it will happen but just keep a close eye on a weekly breach of 9p to the downside now. Particularly vulnerable if no news for extended period.

Nearly 1% of the company snapped up in one trade. Mr Sneller adding to his holding again perhaps? Too much to hope that it was a director. That would strike a match on the SP. Interesting though that it wasn't delayed - reported immediately.

You do make me laugh! "Another £5k @ 9p a nice little top up" You're probably the most bonkers person I've ever come across on this or any other BB! And FYI and cyalater the people buying this morning at 9p are traders. That's all. Atm the shares are technically supported around that level. But another two or three months of silence?? Hmmmm

Exactly my point. Why did they just demobilise from A6 without realising there was a very significant issue? And wander off back to A5 again! Remind yourselves what the proposed strategy was just a few weeks back by checking the previous RNS's? This was NOT the strategy and the explanation given is NOT good enough. Cyalater - stop burying your head in the sand. Stop shouting at people. Start making a sensible contribution to this board. If you think there is a reasonable explanation for this inexplicable turn of events then I'd really like to know please?

Technically something has gone wrong (again). That much is absolutely clear. We are not being told everything. That much is also clear. What they have done is very odd. It makes no sense. Surely you wouldn't move the rig and all required testing equipment until you knew you'd carried out the procedure correctly. Why did they just decide to up sticks from A6 to A5 without completing the job properly. I can't ever remember an oil explorer having such a succession of technical issues. They need a drilling contractor with a far higher degree of technical competence such as Schlumberger - a proper world class drilling services outfit.

Quote RNS: "The early indications are that the perforation will need to be re-performed to enable a flow test to be conducted as much of the targeted area for the original perforation remains unperforated." Am I the only person who is mystified by this statement? Does it mean that they perforated the wrong section or does it mean that the bit that they perforated is not oil bearing? Or both? It doesn't make sense. Clive must've been sitting at his desk for days trying to come up with the words to describe this fiasco. And then they say oh well we can't re-perforate now because we've moved the rig to A5. That's convenient! I've had enough. I'm out.

Now Today's reality = a LOT more dilution to come after yesterday's dilution taster That's the reality not the usual promises of jam tomorrow

Again looking very positive today. MM's keep dropping the bid but not ask presumably to grab a few sells. Wait for the bid to rise again IMO. Visitor - agreed and if you bought in the 8's well done you.

Fenner PLC is providing an update on trading and outlook which, in view of its materiality, is being issued prior to its Annual General Meeting on 11 January 2017. Trading in the first quarter has been satisfactory and reflects the progress we have been making in all our businesses. AEP Taken from Fenner PLC's trading statement this morning: "CDI, AEP's principal oil & gas business, is seeing an improving trend in order intake and customer enquiries reflecting its strengthening market position, together with a further rise in the US rig count." Within AEP's specialist industrial businesses, Hallite is well ahead of last year, mainly due to marketing initiatives and operating efficiencies with the other businesses broadly in line with the same period last year. This must also have positive implications for Hardides O&G business allied to the new Trump administrations drive to support said sector. This is a decent recovery play on that prospect alone without taking into account aerospace and other industry prospects. I think we are talking about getting in at the bottom here, check the chart as well

TT - I can't seem to find that section. Would you be do kind as to copy and paste for me please? Cheers

bull - we haven't had ANY RNS's recently! Let alone on a Friday