Member Info for Dibs61

Agreed! Rather strange we're down today as plenty more buying than selling. Bid is rising slowly. Hopefully we'll finish unchanged. News could be close now.

My name is Michael Caine. Not many people know that….

Ostensibly he is a nice guy but utterly clueless and living in a bubble. It's NOT funny Chris. Too laid back and casual about it all. Needs a kick up the backside or let someone else who can galvanise things take over. Which all goes to prove how important GOOD management is to a company.

Hope you're right mate ;) Looks like another assault building on 11p and we might just make it this time what with gold price nudging up again. It seems to me that with the US elections coming up we could see a period of greater market volatility leading to a higher gold price. IMO both Clinton and Trump are bullish for Gold.

Based on half year earnings and market cap this is valued at a monumental 36 x earnings! Crazy! Drastically overvalued and huge amount of hope in the SP even at this level. No point in having mountains of marble if you are incapable of shifting it!

jolly - agreed it was a very disappointing update. Very little to get excited about. Thats not to say that there won't be anything crop up in the next few months though particularly with the new guy in there. We'll see.

whysoserious - "Kolar was in a load of shit with cash burn at high levels" That comment with the greatest of respect my good man is utter and complete tosh. Cash burn was NOT at high levels. Indeed it was relatively low. Company was NOT 'in a load of s*it' either. Yes they needed to do a fundraising but it certainly wasn't urgent. I might agree with you a little more over the management.

No argument with any of this. Good observations guys. My only doubt is about the timeline of events next year, esp with sleepy Dekel still at the helm. That said, with MA now driving governance we may see more urgency as, has been said, his interests are suitably aligned with shareholders. Can he push through such an ambitious timescale? We shall see. A surprise sale, out of the blue, may pop up but seems unlikely as, if Dekel is to be believed, the Chinese are seeking already productive assets.

Someone is loading up. Cleverly. Prob an institution.

Taking part of salary in shares etc they are still burning cash at the rate of €250k pm! So a large chunk of the order book has to be converted to cash to get close to breakeven. Past experience shows they are not good at doing this - and that's going back two years now!

IMHO and with the benefit of previous AIM experience looks HOPELESSLY ambitious. The idea that the BFS, funding and approvals will all be concluded within a few months span of next year?! Is. Not. Going. To. Happen. And even if it did no production until 2019? You can knock that date back to 2020 for starters. Why would you invest?

No trades says it all. Market is numb to the dumb platitudes of Chris Gilbert. A man who has consistently proved that he is nothing more than a master of over promising and under delivering. Needs to go.

Yep the future here is very rosy

To be clear I think the appointment of a non exec chairman is a positive step for the company. The crucial question for me is the guy they've got the right one? .. Is Martin Andersson up to it? He is a PI and doesn't appear to have any previous board experience. If he can drive this up to now clueless board forward in a straight line, then great, happy days for shareholders... If not?

This is clearly a precursor to a fundraising ;)

Taking place. Expect resumption of upward trend once that's complete.

Azamondo - with the greatest of respect I've been following (and holding) this stock for a number of years and this 'update' is a complete waste of time as there is nothing material within it that will butter any parsnips or affect anything. The previous management talked of cost cutting by moving offices etc etc. Like I said - nothing new. And I really don't know what 'operational efficiencies' are all about? ! Could someone tell me what they operate exactly? In fact what DO they do, Luke and Cameron all their days?? Like I said, the sum total of nothing in terms of progress. Just a load of rehashed waffle.

Is that it? Is that the sum title of progress to date?? Nothing new apart from a vague hint at the end of acquiring a mining asset but I would assume that would be a %tage and tied in some way to MTR. Very very disappointing

Looks like an institution dumping to me, Oryx? If so this, as I'be stated before, creates an opportunity for smart pi's ;)

Indeed. Congrats on your latest purchase. A good price at this level. And continuing on your theme, why would Scottish Enterprise hand out millions in grants to this company it it were a mickey mouse outfit?