Member Info for Dibs61

Thanks, appreciate reading your thoughts. I am interested definitely. Just giving an honest view at present. I just think £5m MC 'at the moment' with the operation new and unproven seems a bit high. But I am ready to change my view going forward if...

How much gold are they expecting to produce in the first year say? Grade? Recovery rate etc? And will it be produced from open pit or underground? Who is the JV partner? A lot of questions but any info gratefully received. Thx

Not sure I concur here. Snty are just too good at s*unking money. Today's announcement a case in point. How much is a complete rebranding going to cost for a company which is already bleeding cash! Another placing I dare say before the end of the year.

Sells going through at 3.75 or so and you can buy @ 4p. Not a good sign.

Interesting view. I don't accept the view that rising interest rates means lower gold prices. That is a myth. Check history. What is this 'golden era of gold' you refer to? No such thing because no other asset can match it over the very long term. Gold has been a trusted store of value for thousands of years. Ultimately supply and demand will dictate the price and there is NO indication whatsoever that demand for physical gold globally is set to fall. Indeed the opposite is the case. Furthermore global production of gold peaked in 2015 and is set to decline now in successive future years. Supply will reduce - that is guaranteed due to a long term decline in new discoveries over the past 20 years. The new supply required just is not there. That is not a recipe for $500 gold. I accept the paper gold manipulation could continue to have a degree of influence over price but at some point this will be dissolved and true price discovery in a real market will return. As for the Fed having any cred, are you serious?? And how on earth can you seek to predict a price in 10/15 years time?!! With all due respect that's ridiculous.

Interesting move re the acquisitions. Never a good thing when a SP quickly drops beneath placing price though. Looks like Nigel Wray decided not to participate in the new fundraising either. Again, not a great sign. And finally the MC is over £5m which seems a bit high. I'd be looking for an entry at 3p or less I think to be tempted.

TW (whom I may add I do not always agree with) has a fair point re TB's on market 'purchase' the other day. It wasn't an additional purchase at all as he will now reduce the amount of shares he purchases in the open offer by the same amount!! Presumably because he is a tight git and wanted to pay less for the shares rather than just stump up and show the confidence in himself. Poor show,

That's the point I'm making though. There's not a great deal of correlation between Pog and SHG at this time. It makes little difference with 75/80% of 2016 production hedged at much lower prices. Price has bounced in the last day, perhaps to be expected. Off topic I am very keen on DALR but no one is allowed to buy until I've loaded up fully. Absolutely top drawer project. Great economics. Safe jurisdiction. World class grades. Top institutions backing it. Further exploration upside. At first glance may not appear cheap but there are very good reasons why and this one absolutely is very open to Pog upside - which I expect to see.

Nice to see my Divis reinvested here the other day. All future dividends will be reinvested. Best way to compound growth over the long term.

This morning. I intend to build a really decent holding here over time. DYOR

We bounced off 5.37 yesterday afternoon with three solid buys totalling 300k. Good to see.

Well above quoted @ 1.1235 for a decent chunk. Stock tightening up again and another small rise today.

And Shanta still seeing sustained heavy selling. My target price for re-entry would be around 4p to 4.5p so not far off. But def no rush as this financial year is a bit of a write off I think with heavy investment in the new underground operations. One other thing, I understand that hedging is a requirement of debt funding by the banks so they will continue to hedge going forward. The question is will they get better prices that see better margin and the market is happier with. I'm optimistic they will and I do see a better outlook into 2017.

Good to see you back on here. Not much to say recently. Classic AIM drift on the SP with no news. Just a hint of buyers quietly returning this week?

Fed take off?? You don't believe all the double speak surely? No fed take off. They're boxed in plus presidential elections precludes further moves. Could see 5p here though. 2017 should see take off though

Well yes indeed. It's hard to see it getting away terribly successfully

Absolutely. It moves either way on little volume. They'll soon bid it up on demand. That said clearly we need developments of some kind to re-stimulate the considerable interest earlier this year. I'm very relaxed about it and happy to sit and wait. Sooner or later the Indians will move to get Kolar going especially given the stronger gold price. Extraction is now economical at these levels particularly on the huge tailings deposits. It's just gone a bit quieter for now. No reminders about funding required because it will come but these guys are not serial confetti issuers so I trust on a decent return from investment with a 1 to 1.5 year timeframe. In any case they are confirmed funded (if necessary) for another 9-12 months.

Trouble is a large chunk of the order book - circa 50% is Eboracum and there is still no visibility there. The order book has slipped every year with remarkable consistentcy so a large pinch of salt should be taken.

Had these on my watch list for a good while. Why I never picked any up God knows. I just wonder if the rating is a bit toppy and may not have much further to go short term? Big valuation here at nearly £100m. But good company and I like the CEO.

What do we make of the AGM statement? Not much new except to reiterate IBM to deploy Authorbridge in full production this month so good news for sure. What I am not clear about is the potential revenue/sales implications of this deployment. Is this a step change for IBM in terms of their collaboration with Stilo. What does this full deployment really mean for us?