Member Info for Dibs61

Indeed Breton - and an amusing post to boot (which, sadly, one cannot say about someone who portrays themselves as a shareholder and then goes into a monotonously repetitive unremittingly negative dirge about the company.). And look at their user name! Seriously!

''Twas always so... I dare say the spread is even wider than that quoted. For example, if you currently wanted to offload 100,000 shares no way would you get 7p. On the other hand if you wanted to pick up 25k you'd probably get them for 7.25p but the asking price would rise rapidly the more you want. It's a feature of the constant illiquidity of this stock which, as I've said before is brutal on the way down but nice on the way up. FWIW this is playing out exactly as I expected. No one is going to buy in quantity now until and/or the fundraising is completed/spectacular contract.

Biggest buy here for a good while. So what happens, the Ask is dropped! Confused? You will be.

Is being so miserable what makes you happy?! Seriously though, past performance is not necessarily a guide to future performance and I just don't see what keeps you here with such a pessimistic short to medium term forecast?? Baffling.

Shantas latest AISC guidance is def $850-900. Where does your 'earlier' info come from? AISC $650 would be incredibly low for any producer.

MM's must be filling a decent buy order as the 6.15 trades going though are SELLS above the mid. Band happy to take all my stock for 6.15 on a dummy sell.

SP been rising every day since start of the year. Very encouraging and nice, small incremental rises each day. We certainly seem to have a buyer mopping shares up that filter onto the market. When (not if) Gold rises substantially this is a very good investment due to the leverage against the gold price. On fundamental grounds alone we would have a multi bigger on our hands. Don't forget Shanta is now an established proven junior producer. I think 14p would be easily achievable @ $1200 and 20p+ @ $1300, just as a couple of examples on leverage. Resource upgrades would take it higher still.

Another very good SP performance this morning against a backdrop of a dreadful market generally but a rising gold price. Difficult to see markets rallying with the global economy deteriorating so step up…. Gold ;)

Gold looking nice and firm this morning as is Shanta. Q4 production update due in 2 weeks which I am expecting them to deliver both on production target range of 72-77k ozs and AISC $850-900. If they do I see no reason why we should not see some kind of re-rating here. Best to get in ahead of the herd.

Note that the profit taking we're seeing are small trades. All the bigger ones we've seen are not bailing. Hopefully once they're finished we'll see our bigger buyer(s) return. Could Odey be adding again?

Yes this is def significant action for SHG going on here. Like I said the SP is a very good signal on this stock. The other thing worth mentioning is that Shanta is certainly a realistic takeover target at these crazy low valuations. Randgold is an obvious predator operating in the same region and there is bound to be some M&A action in this sector in the next year or two. SHG is now an established junior producer with good upside exploration potential. What's not to like?

Def interest growing here past few trading days and continuing this morning. Q4 production and operational update due in around 2 weeks. Shanta SP normally good advance barometer of actual progress on the ground so looking good I'd say.

Hope everyone had a Happy Christmas (if anyone is here that is). Interesting build up of activity here this morning.

Wishing all on this board a Merry Christmas and a Happy, Prosperous and above all a Healthy New Year!

OK I will respond to your points and add one or two. First and foremost the market reaction to the 'significant' contract win. Basically there is no reaction. MM's have simply stretched the spread but the true mid price is roughly where it was close Friday. That tells you what you need to know. The contract is certainly not significant in financial terms. After you strip out what appears to be some kind of one off implementation payment the annual sum is £44k, similar to what I estimate CERT to be. I assume each client will be allocated one analyst. I would estimate these specialists are paid between £50-80k pa. No margin yet is there? They need multiple clients at these contract values per analyst to even start to think about actually producing a profit margin. And I haven't included other employer costs, or office rental and other overheads. I believe their go to market strategy is to significantly undercut the competition as they are new entrants. So these contracts are 'loss leaders' to gain credence. I do agree with you over some points, for example the poaching of Qinetiq people. That can't be ignored Mind you you can bet that came at a price ie.offering better packages. I was personally disappointed that we have heard nothing about Principia initiative at all since it was announced. You say 'we know it is being rolled out to a wider audience'. That's the point, we don't know! They haven't told us anything. BYOD - yes this another thing Mr Blamire has dangled out in front of investors. We'll see. I think that on its own would require significant investment. Nice story but where's the cash to invest? It is true that a larger ad hoc resilience contract could land any time but I would remind you we've been hearing that since mid 2013! it is clear now that Cyber contracts will not individually be 'in the millions'. They need to scale up the operation with multiples of clients to get close to break even and it will take time. So I return to my original reason for exiting, and nothing has yet changed there. It's about cash. I've never said this hasn't got potential. I believe it has. But short, and perhaps medium term, they have to build up the client base. I am 90% confident a placing is coming now. It will have to be at a discount to the current price. Probably 5/6p if you're lucky. There will be a better opportunity to reinvest after they have strengthened their balance sheet AND started to deliver in terms of sugnificant revenue growth. One other thing, you say they are not 'loudly promising the impossible'. That's ironic because they've actually been loudly promising what I thought WAS POSSIBLE and then failing to deliver! There is now a clear credibility gap and the market will take a lot more convincing after previous over promising and under delivering.

Highest price paid 8.17p this morning since 4th Dec! Bottoming out? Surely...

You are most eloquent in your posts. Almost poetic! I do sometimes wonder though if you actually believe some of the stuff you write! :)

John McGloin must be scratching his head wondering how this can be so grossly undervalued by the market. Simple, it's in the battered gold mining sector. This is valued at a fraction of book value and that's before we see further resource upgrades. I cannot see how you can lose here long term. Downside is surely only minimal (if at all) and short term from here. Hard assets in the ground - that won't disappear to 'money heaven' as TW would say. A slam dunk long term winner.

Brewin Dolphin continuing to reduce their holding. Be glad to see the back of them. I suspect the SP would be a tad higher were it not for their persistent dumping. Meanwhile someone called Robert Millington has built up a holding over 3%.

Yep. Gold rises when interest rates rise. Fact!