Member Info for Dibs61

Upward pressure on the SP. Encouraging.

Well quite Jollers.... quite

Holders here still expecting great things to materialise .... Note Corero (CNS) issued results this morning - fallen short of market expectations - still heavily loss making despite winning numerous contracts. They are not in exactly the same space but certainly the same sector. It's tough out there. Lots of competition. Still no contract news. I think the bottom has not been hit here yet.

Lack of head lice lol! Lack of sales more like! Mind you the fall ''may" be overdone .....we'll see

I thought that might've been you having a little dabble this morning? ;)

Substantial amount of government bonds worldwide now yielding NEGATIVE and growing. Government and personal debt highest in history and still growing Negative interest rates Geopolitical risk spread across the globe Stagnant economic growth Rapidly growing Gold ETF demand China and India insatiable appetite for Gold Gold production worldwide has now peaked and is declining New discoveries have slumped and exploration expenditure has reduced at same time Central banks buying Gold China now has gold exchange backed by physical rather than paper to challenge COMEX Gold widely accepted as now in bull market. Hardly a surprise

Current EV (best way to value Shanta due to net debt position) is £87m. That's how much it would cost for someone to take it out. In H1 2016 Shanta generated net cash flow of £13m! This is becoming a high margin highly profitable business. Compare the cash flow against the EV. One word : cheap. Even if the gold price reduced substantially, which imv is extremely unlikely, SHG would still be profitable. Some want out that's for sure but it sure ain't due to fundamentals!

Yes probably. Bull markets climb a wall of worry....

Excellent value here. Solid profitable company with good track record, good management and a range of products. However, the big attraction is their two major development projects nearing commercialisation which will transform the company and its valuation. Strong buy. DYOR

Rather difficult to fathom the selling here. Lots to come in terms of news flow and positive news.

If there's some sneaky under the radar buying going on here. We are seeing a lot of trades that ostensibly look like sells. So if that's the case surely we'd see a drop in the price with the volume involved. Or maybe they are all sells but a background buyer mopping them all up (so we eventually see delayed trades). This IMHO though is a strong conviction BUY.

Sometimes I wish you had an easier user name mate! I agree totally and a massive opportunity is presenting itself here. A solid revenue generating company with a good consistent profit record. But with huge upside potential through its two major and advancing projects edging nearer commercial production DYOR

No wonder the SP hasn't responded. There is no value attributed to the order. Why not? They must know what it's worth?

That's a good find saj. I wonder if they are all new positions or replacements? Looks like new positions to be fair. The other thing that's caught my eye is a SOC in Birmingham. I thought they had just the one in Reading? And if so have I missed the announcement on this)

By the surprising amount of unloading going on. A bit frustrating considering the highly positive news.

Hi cookie good thx hope same for you :) Let's hope so mate. Someone is dumping largish chunks into the rise which I always find a little off-putting! But I agree there is very substantial upside potential notwithstanding the challenges ahead, for example the transition next year to underground. The exploration upside is mouth watering IMHO

I'm glad it has now been pointed out that hedging for Shanta is not a choice but a requirement by their lenders. Quite surprised at the level of offloading this morning in spite of the price increase. I would be anticipating further rises here now so people could me missing out. There you go....

Yes true. It could just be typical AIM drift in the knowledge that, as you say, no news is actually due until late in the year. In which case another topping up opportunity presenting itself. It's just that the SP is quite sensitive to any trades. I do fundamentally agree with you.

Excellent news this morning. Combined with a once again strengthening gold price we are surely going to break above 10p now. More exploration news due by the end of the month. This is a prime play for anyone looking to get into the junior gold sector in the new gold bull market.

But this is disappointing I must say. I have a suspicion that the short term drop back could be due to delayed progression on one of the projects, possibly CD4. I have NO doubt that this will come good though, just patience required.