Member Info for Dibs61

Support seems to have fallen away here after holding above 5p for some time. Surprising because as many shares bought today as sold. MM's trying to make a market I suppose. Next major support level appears to be around 3.75p so although tempted to add I will hold off and see if we drift down to that level. We should get a trading statement early next month which will give new direction (hopefully upwards).

I reckon we're going to get a gold price rally regardless of what the Fed do this month. And on that basis this will rise.

Absolutely right. Well you seem to have covered everything there! It will be interesting to see if you get a reply.

Strong support at this level and hardly surprising - this is trading way below book value!

Simon Cleaver shoves Seeman aside. Seeman effectively demoted and given symbolic title. I think what we are seeing here is a management team not in harmony and frankly not good enough regardless of swapping chairs around.

Good point about budgets and thus Dec to March being potentially a busier period. Will companies have a provision for cyber defence in this years pot or would that be new money, who knows? That said I don't think there's any relevance to KB ( if you are referring to cyber) since he is on the Intelligence/Resilience side. As regards to fundraising IIRC Blamire and co didn't participate in the last one so suffered dilution. I hope to be back in here sometime next year and I will watch with interest. I certainly wish you all the best with your investment.

I've been wondering what all this strange SP action has been over the past few days and this certainly explains it. Totally. Only in this crazy market that hates gold stocks could this development be ignored. But for how long? The question we need to ask ourselves is what is a huge investment bank like JP Morgan doing buying up 7.36% of a junior, micro cap gold development company? While we're at it, what is Franklin Advisors doing buying up 14% of the company? I was at Gold and Bears on Saturday and I'm impressed that John McGloin could sit there on the stage without a smirk breaking out on his face.

Everything in the market goes in cycles. Nothing goes up or down for ever. Jolly is just reflecting the overwhelming market sentiment and thats fair enough because the trend is your friend etc etc but I am by nature a contrarian and it WILL turn. Its not a matter of IF but when and I think that if they do raise interest rates THAT will finally be the turning point for gold as all the big money starts to flow out of bonds/stocks and some will inevitably go into gold. AIMHO.

Correction: "they would still be down to £750k by end Dec" FLX would not want to go much under that level before considering it prudent to fundraise IMO. I don't think they will get a fundraise away in this market for much over 5 to 6p. 20m shares @ 6p would raise £1.2m (before the inevitable 'expenses' i.e..broker fees. 20m shares into 71m share capital is pretty substantial dilution. Do you see my point, I couldn't risk a big investment in here atm with that kind of risk?

All came down to cash. By my calculations, even allowing generously for a £36k cyber revenue for Oct/Nov (2 mths) they would still be down to £900k by end Dec and, going on the same trajectory out of cash by end May 2016 latest. UNLESS a big contract or two lands well before then. This is because it is clear that there are time lags - both between contract negotiations - then signing - and then finally getting the client up and running - live. I suspect that process can take several months. The other important point to make is that any MAJOR prospective client is going to want to see that they have a reasonably strong balance sheet and IMO they do not currently. Long term still potentially bullish on this as stated before but this is a sticky patch now.

Ever the doom monger lol. AISC is comfortably under the current gold price so atm they are generating cash. DYOR ;) Who says gold is going sub $1,000? It may yes or it may not. The bear market has gone on for four years now, they don't go on for ever do they? Also, why do you think gold is going to go down even more if the Fed 'does' raise interest rates? History proves otherwise. Sometimes you just to think a little counter intuitively. Again DYOR.

Nice one. Can you let on what you said? BTW what is the email address please?

Slightly baffling movements where buying is followed by drops in the SP. I guess it means a background seller otherwise its shenanigans…. Another gold stock which is silly cheap compared to its equity (shareholder funds) valuation. Just buy and tuck it away and don't worry if it falls a bit more. The assets are there. When this sector turns - and it will - a lot of money will be made in these stocks. Also its getting rather tasty cheap to be picked up by a predator. Maybe Randgold for example?

One wonders whether management have actually forgotten they have shareholders? ONE update in eight months.

However checking back on announcements history Kolar do occasionally make intra day announcements so we may still get one today.

In case anyone is wondering why I see such potential value here this is a Very encouraging project update on Geomysore website but not sure when it is dated: http://geomysore.australianindianresources.com/index.php/jonnagiri-gold-project/ Aiming for up to 1m ozs resource from just one small section of the licence area! That would be in addition to the JORC 720k resource already defined. And this for a company valued at £1.14m by the market. There is clear value here with an asset likely to be increased substantially.

Anticipating a revival "In the 130 years of commercial production of gold at KGF, approximately 1,000 tonnes of gold have been produced. Enormous quantities of gold-bearing rock is brought out to the surface, pulverised, treated with chemicals including cyanide and the gold, if any, is extracted. The large quantities of the spoil are piled high into towering man-made mountains, popularly referred to as cyanide dumps. These artificial hillocks are distinctive in their shape and colour. Neatly ridged, serrated in profile and bereft of any vegetation. they present a distinctive feature to the town. But today, only hope abounds in this town. A global tender has been floated to restart the mines and the contract stands to be awarded any time soon. New technology now allows gold to be extracted even from the waste of the cyanide dumps. This thought is echoed by Basheer, now retired, whom I notice sitting on the verandah of his large home within the housing colony." http://scroll.in/article/740303/in-pictures-in-kolars-gold-mines-revisiting-the-ghosts-of-a-glorious-past Never mind Jonnagiri, Kolar news coming soon as well?

Yes and there was a further 250k buy showing up on isdx. As you say interesting. Maybe just bottom fishers?

With a couple hundred quid profit. Not bad for 45 mins.

Market in this looking a bit chaotic atm. Be interesting to see where it settles.