Member Info for Dibs61

I intend to mate ;) People should realise this is also a potential takeover play as well as fundamentally a compelling growth story

CERTS contract up for renewal in November. I expect they will get the renewal but absolute silence on anything else. Cyber revenue still miniscule and will not grow substantially without bigger contracts. CLN coming soon?

Well, we know who holds all the aces and it sure ain't FLX or its shareholders

I am very suspicious at the drop. How can you fill big orders other than by dropping the price?

3m, 6m, and 12m charts all look superb here. Just a breather this, I reckon. ;)

There's no question in my mind about passing both those price levels. Just a Question of when not if.

Possibly a re-rating underway ?

Great news! Would expect to see a minimum 10% rise here today to reflect the significance of £1.8m injection into the business.

Deep - justification for dollar rise next week? There is none. Very poor US economic data means their interest rates are more likely to fall than rise which is negative for the dollar. Sooner or later the penny will really drop and the dollar will collapse.

I would reiterate that SHG is a very realistic, indeed probable, takeover target. Worth buying for that alone though there are a number of other significant positive factors for investment.

Visitor - I am also bullish on Shanta long term and yours are realistic targets in my view. Of course if Gold rockets upwards all bets are off as regards SP rise but, as you say, the hedging is a factor.

I sold in 3 tranches because MM's were dropping the price in larger sales. Two are showing up here and I assume the other small one on isdx. I still can't believe they actually managed to achieve lower Cyber sales in 2016 compared to 2015! Despite all the weasel words of Blamire. No wonder his 'chum' TW didn't do a review yesterday because you know what, the results were pig awful.

AISC $664 for 2nd quarter. 1st quarter was $600! These must be some of the lowest costs in the gold mining sector. I calculate EV to be £82.5m at the current SP. With nearly $16m cash generated in H1 (and $13.8m of that in Q2) they are on course to generate conservatively $35m (£26.5m) for the year putting this on a PE of around 3 at the current SP. With a rising gold price and stable very low costs this is incredibly and ludicrously cheap. It could easily double or even treble here with no problem once investors catch on.

SHG generated $13.1m in cash in second quarter and due to weak sterling that's worth a fraction under £10m! If they can continue generating cash at that rate, or anything near it, this is looking very very cheap. Throwing all my concerns about hedging and debt out the window because strong cash generation is the bottom line.

- yet another rehash of excuses regarding Cyber ie.reorganisation, rebranding, 'developing foundations' - takes TWO years! Increased Loss on 2015 when I think we were led to believe losses were narrowing I was particularly interested in the comments about Falanx Resilience: "This resulted in Falanx Resilience, the physical security and training projects division being closed, as its operations had become peripheral to this strategy and a significant reduction of costs across the Group." A significant reduction of costs eh? NOT true! Mr Blamire has previously stated that there was NO cost to Falanx of running Resilience because it was run on an as needed consultancy basis so they take just stick bums on seats as and when required. So I did not like that claim at all. Second year of declining revenue in Intelligence Reduced revenue in Cyber on 2015! How on earth did they achieve that! Pipeline value of £1.5m - a pipeline is a pipeline - it just means they are in a tender process but no guarantees of getting the contract! Quote: · " A decreasing monthly cash burn reducing to £50k per month across the Group, growing recurring revenue in Falanx Cyber Defence and Falanx Intelligence and a healthy cash at bank position of £1.28m as at the 30th June 2016 all contribute to a healthy financial outlook" No it doesn't because they're still losing money - that's NOT healthy - that's complacent. Their admin expenses continue to rise. There's nothing healthy about that. Poor management.

Out this morning for a perfectly acceptable gain of 15% in just a week. Not as much as I hoped for but didn't get the TW boost I expected. Nevertheless quite happy.

Impressive Q2 prod & op announcement. I am amazed this is not up. They are very good figures indeed.

I've been a bit lazy this morning and haven't fully digested the results. I am still holding and thinking about my position. I'm nicely in profit. Agree to a large extent with what you've said although it's clear the historical results are fully baked into the SP which is what I expected (ie.no shocks) So, it's where it goes from here. All has gone according to plan so far. Later I'm expecting TW to pop up with a bullish review of their prospects as they hold a fair few here. This 'should' result in renewed interest. I see a large buy (by Flx standards) went through earlier. I'll comment more on the report and outlook a bit later but I am expecting a rise in the SP over the next couple of days. Maybe as early as later today.

After this mornings announcement from Sprott that they had sold a portion of their holding I decided to follow their lead, take a decent profit, and sell my holding - for now. I intend to return later this year and reinvest as long term this is a wonderful investment IMO but could be quiet over the holiday period.

"Previous exploration at Singida was budget-constrained and as a result the prospect was not drilled to its full potential. The prospect is made up of a series of greenstone formations that comprise an intercalated sedimentary and volcanic sequence with similarities to the Nyanzian Archaean metasediments and metavolcanics of the Lake Victoria Goldfields. There is potential for the scale of the Singida resource to extend considerably on strike and at depth." Last sentence says it all. Despite my short term reservations expressed before I have never had any doubt about longer term potential here. There's no question from all the research I've done previously they will accumulate a multi million ounce deposit across their various areas and this plus a gradual pay down of debt will elevate the SP. Plus, as a bonus, this will be a takeover target for a larger player at some point.