Member Info for Dibs61

Yeah possibly. Or become a cash shell? Short term still expecting excellent drilling results from Jonnagiri confirming economic feasibility of mine. Which in turn will increase the valuation of their stake in gsmi. Do t think the story is finished here yet. A major gold price rally would help as well of course!

Is just not budging despite a string of sells. Could there be a large order being filled I wonder? Quoted Ask is much higher than any trades being reported (nearest is 7.9p)

= Placing

Hi mate, apologies if my posts come across that way. I have been very transparent about my position and, if you recall, I did say I'd consider re-entering some time next year under certain conditions which I've stated. Certainly not manoeuvring for an entry point now. It makes me chuckle when people get the idea that people on bb's can steer share prices by their comments. Just setting out the current position as I see it. I doubt anything will now transpire before the new year as we are rapidly approaching 'holiday' season. Be happy for anyone to challenge the points I've made and counter them. I may have it all wrong but up to now no one has persuaded me otherwise.

I think I understated daily rates for the top guys... Up to £10k per day! Can FLX afford it? Def not unless they can land big contracts, and I mean big, with decent margins (I'm talking minimum 30-40%). It 'could' happen but I think the placing is more likely to happen first. Don't be fooled by the quoted SP the true spread is between around 8-8.6. I stand by my prediction that there will be a placing at around the 5p mark by next spring and it is obvious what means for the SP.

I understand there is a shortage of talent in the cyber security industry and this is driving up pay. Cyber Security salaries are surging. It is not uncommon for consultants to be paid £3k per day! We now know that Falanx substantially undercut their rivals when they won the CERTS contract. The £26k revenue in the interims gave clear visibility on the paltry value of that contract. Talk about loss leaders! Why am I making this point? Well, it's because a substantial portion of FLX costs will clearly be payroll because they're going to have to have to pay top dollar to win the small pool of talent that is currently out there. That's going forward. Now if you are having to pay your people big money to retain them you will require decent margins on your contracts. If they continue the strategy of undercutting their rivals they're going to end up running loss making operations. Obvious.

I think think were some very strong hints in the interim results dampening expectations of contracts landing in the near term. Just read it again and you will see. Falanx, in my view, has over promised and under delivered to date. Only last July I listened to John Blamire categorically state that contract wins (both govt and financial sector) could be expected to land in the next two months. Nothing happened. He also stated confidently and categorically that Falanx would be break even by end of the year and profitable in Q1 2016. Within four months he had totally back tracked from that statement. Indeed, he now says he has no idea when they will be profitable. Then there is the cash burn. I agree with apps that they probably have enough cash to keep them going until March, May at the very latest. Will they wait until March? No of course they won't. They can't. Fundraising takes a few weeks to organise and implement. Prospective customers will also require evidence of their financial robustness. My confidence was fragmented by an erosion of trust in management to deliver on their promises. Yes they have potential. Yes they are in a hot sector. Yes they have positioned themselves.. BUT they will have spent something like £2m on marketing, sales etc by the time they come back to the market and I will expect them to produce some tangible results from that level of expenditure before I out my hard earned back in here again. Good management is key for any companies ultimate success and the jury is very much still out here. Mr Blamire has to demonstrate he can deliver. Ideally he will stop over promising and start over delivering and then, and only then, will the market recover confidence in him.

My guess would be these are Brewin Dolphin offloading further. If so They must be well under 12m shares now. This should trigger a further holdings RNS if I'm correct.

Not good but also not unexpected tbh. The fall today is overdone as they have £1m in cash and the MC is now well under £1m. They also have a valuation of nearly £3m on their GMSI investment. The MM's are going to drop the price quickly to discourage sellers as this is a very illiquid stock. That's another reason the fall is overdone. I will hold firm and wait for the drilling results in January and I expect them to be very good indeed and the SP will then recover ground. I think this story is far from finished and, indeed, a great entry point now for those with a bit of balls.

Thanks for that insightful contribution to the board. Has anyone ever told you that buying penny shares is risky?

Gold will rally as a result of the US rate hike. It will be bullish for gold.

Me too! Baffling... I think it's all to do with the trading platform it trades on. Mid price is actually unchanged - big quoted spread. Gold is going to rally in the next few days/weeks so will do ok here.

I've done a LOT of research on this prospective area. We know there is gold there. Just a question of how much. I remain convinced there will be a very positive set of drilling results combined with identification of new drilling prospects. I expect a minimum of 1m ozs resource of which KGLD would indirectly 'own' around 25% through their stake in GMSI. It could be more. That potential 1m oz resource will be further increased over time no doubt. With gold at a multi year low and a rally in prospect even junior explorers like this will be carried upwards in the event of….

This has held firm (off its low) despite Gold hitting new lows. Canny investors should be looking closely here. Good upside on a gold price rally.

Dictates that US interest rates go up - dollar (continues) to go up - gold goes down. Not so. Check historical charts. Looking like Nanny Yellen will go for it - expect gold to go UP as the dollar sells off on news. After all isn't it already more than priced in? And if forward guidance dampens down further rate rise expectation that's not going to encourage dollar bulls. So I think in 2016 Gold will rise and the dollar will fall. It has to or it will strangle the US economy.

Totally disagree. I would value this against earnings and on that basis it remains, even at 13p, expensive. They are clearly struggling badly to gain any traction in the market re sales.

Another bashing today. BUT. Could the much vaunted Fed meeting this month hold the key to Golds next big move? Almost universal consensus is that if Fed increases rates this is positive dollar negative gold. IMO not so. History says otherwise. Interest rate increases are negative stocks - negative bonds - positive gold. So… I hope they DO put their rates up. Another take I have on it is this. Why on earth is there even any talk whatsoever of Fed raising interest rates. Its a joke. Theres already been MASSIVE monetary tightening through the strength of the dollar! Like they need more lol! And as if the US economy could withstand it? They know it can't. The whole thing is a bloody farce.

But this has done well today regardless. I expect to see 'smart money' making its way into gold stocks very soon if it isn't already.

That's something anyway. Damn right they should be making an announcement this month. Their results are due for starters! Thanks for advising and let's hope when news comes it's good.

Ok we've actually slipped in price in the past few days but there has been consistent buying taking place. It's encouraging imv that there is that level of interest here. Sooner or later if the buying persists demand-supply equation will do the rest.