Member Info for Dibs61

Pilot production circa 9.6k ozs pa starting H12017 - cash flow positive - small capital outlay covered by existing cash flow New exploration programme in H2 2016 New feasibility study to commence So, a new front opening up for the company. Clearly growing in confidence.

Interesting. I wonder why? Btw where have all the FLX loyalists gone? Optrade, apps, Mr Regan etc? I know Adastra has moved onto pastures new. Have the others done the same?

Hi, lol for a minute there I thought you were asking if I was expecting a 700k loss!! Just shows much the old brain cells are deteriorating these days! I don't know, probably a bit more than that actually. it won't be anything the market hasn't already priced in though so I'm hoping that the post year end summary and forward outlook will provide a sufficently bullish backdrop. If so I'm looking for a short term 40-50% return. Another factor I expect to come into play in the aftermath of the results is a bullish recommendation from TW which always generates a mini rally here. That's the plan anyway!

Hmmmm. Always interested when you go against your usual bearish view of things. :). I do not share your (unusually large level) of enthusiasm here but I suspect you have a material interest in this one. Superficially a return to profit is eye catching but I wonder how carefully you've read the announcement. There is a profit warning hidden and very carefully worded in there. Can you tell me where it is? ;) Furthermore they say that, words to this effect, careful cash management avoided the need to raise further equity from shareholders. Mmmmm. Gearing is still highish at around 59% and with cash generation at risk whether you will see a placing here before the end of the year. This is basically at the mercy of the government relaxing this LHA cap policy and they are completely cash strapped themselves. If it happens then this will ultimately be promising but it's a bet on the aforesaid and there are no guarantees.

But not the Ask. This suggests MM's fishing for shares. I wouldn't be surprised there's not always a great deal of liquidity here and they have a small float I think at the best of times.

On the DKL BB you asked me where I see value and rather than post there where I might irritate some already frustrated shareholders I thought I'd post it here! Value investing? Sometimes not sure exactly how to define this as valuation is what the market will pay and that varies from time to time according to many factors. I have a large watchlist spread over many sectors. Probably too large. For a long time I've been watching the gold mining/exploration sector as I am, and have been for some time, very bullish about Gold. I think there are incredible prospects in this sector but it is a case to some degree of stock picking, at least initially, until the bull run accelerates at which point even the cack stocks will go up! Other stocks I like are ODX, TCM, WYN, DALR, AAU But, in summary, I think the market is overvalued, we are going to see more volatility and Gold is a great defensive place to be right now with negative interest rates

Hi Falling my friend :) OK this is going to sound whacky but even mega stocks like Google, Apple etc so their share prices plummet to lowly levels before they started their astronomic rise. Listen, I'm not putting FLX in their category so pick yourself up off the floor but I am making a point of what can happen in the development pattern of tech stocks. So who knows maybe those earlier placees will see their money back at some point in the future. As I've said on a number of occasions this company is not going bust. Regarding your other questions no I don't expect director buys. Yes I noticed the 2.7 yesterday but these are very small retail sales which mean little in the big scheme of things. This needs a catalyst but not necessarily a big one. As you say we will see but I am expecting a more upbeat results announcement with them forecasting break even by the end of the year.

Results due I reckon in the next week. No nasty shocks expected. Current MC £3.5m with approx £1.3m net cash meaning EV is £2.2m. Hmmmm Reducing cash burn down to £100k pm. One thing I am sure of and that is this company is not going bust but they are having to wait a long time to win bigger contracts. The thing is, at this kind of valuation, it will only take one decent sized contract and this could easily double or more. So, on that basis, it's punt time again. In for results which, I think, particularly post period will be optimistic.

Yes I am keen. ;) Been in and out here. Always been on my watchlist between times. We are getting closer to transformation (CD4). It's not guaranteed but risk is reducing all the time and when the market last got a sniff this went to 30p no trouble. Now we have a professional fund manager/investor in Richard Sneller building a very notable stake some of which was purchased at 2p above the current level. I think this plus the recent positive company announcement is what has finally forced my move.

Valuation currently £42m. Company has £13m in cash so remainder of business valued at £29m for a potential multi billion dollar industry?

Added some more to my holding this morning. Profitable business with transformations prospects on the horizon and edging closer.

I've bought back in this afternoon. Reckon this is oversold. 07-Jul-16 15:09:43 53.704,1372,222 O

Q2 operational and production update due in 2 weeks. I would suggest the recent SP strength could be signalling that it will be positive. It's also fair to say that they will be continuing to hedge forward beyond the 3rd quarter. One would hope they've been more successful than their previous hedges. That said with the gold price now north of $1360 - and assuming it stays there, or better, they will be making a big profit plus keep AISC down.

Co. Awarded two new large licence areas. HUGE potential here for further numerous substantial v high grade discoveries. Will post further later but investing here now is like starting at base camp to Everest

MM's are really mucking about with the price here. I believe they are after shares. Maybe our buyer is getting hungry again? Why would he stop at this level?

Yes his purchase confirmed last week of £350k's worth @ 19.5p so I am very happy at buying almost 2p cheaper a few days later.

Is the 12,578 buy. ;) Lovely jubbly

Don't know what's caused the retrace, could be technical as we had a quick spike upwards. No matter, I'm taking advantage because nothing fundamental has changed from yesterday so I have added further @ 17.75. Delighted that the window of opportunity presented itself!

That This is up on a classic AIM placing, which I telegraphed weeks if not months ago. A heavily discounted placing, predictably to give the big players on the inside of it what they want. This must be ripe for flipping now.

You were WRONG sucker! He demanded that TRAK issue a statement explaining the recent drop in the SP. He said TRAK were going to do a placing because they weren't generating any cash. WRONG! Since then the SP has RISEN 42%. Winnifrith I demand you issue a statement explaining why the SP has risen 42% since you made the false claims against this company and how you got this so badly wrong. PS we all know your chums were shorting this taking advantage of the limited liquidity so if you had any integrity you would fess up.