Member Info for Dibs61

Yes I agree it was clearly the big sell order dropping onto the books which caused the price to slump. But seriously, what kind of business is that dumping over 4m shares onto the market in one go! Ruffer has form for it so I'm guessing its them. At least it gets it out the way and once any overhang is cleared we should be up and away again. Very undervalued.

Yep looks like I was off the mark and it was that big sell order being filled - over 4% of the company! As mentioned could be Ruffer out now completely? They would seem to be the likely seller. Will hopefully get a holdings RNS to confirm.

FLX proposition is first and foremost prevention rather than cure and this is via their protective monitoring methodology which seeks to stop an outside attack (such as the Talk Talk one) before it is even initiated by the criminals. So it's not simply a conventional firewall but working well outside of the parameters of the companies network. Of course it operates as effectively within the network by monitoring internal network activity for anything unusual but it is the protective monitoring which provides the first line of defence against network attack. Did Talk Talk have any form of Cyber defence? And if so I wonder who provided it?! Certainly not FLX!

Yes BYOD, if it comes off, and JB has already stated FLX in discussions with telecoms/mobile providers, would be massive. JB has confirmed FLX software compatible with mobiles. It's coming, just a question of whether Flx can get a slice of the action.

Hi sorry only just got a chance to address your cashburn question. I think Adastra may have his cashburn estimate a bit high unless he is referring to the whole business? Adastra! I think firstly you need to separate the three business divisions: Intelligence - is manifestly profitable and likely (from prev update) to increase profitability in this fin year Resilence - is the consultancy arm and ad hoc as required on projects - not an issue Cyber - it's this one that you're interested in. I would estimate cashburn at between £100k to £150k pm. We know they are generating revenues in this fin year (which they didn't in the prev as it was new). There has been a lot of up front cap investment in the SOC - that is now live- and in sales/marketing which the CEO says is now paying dividends. John Blamire has stated clearly he sees the cyber piece breaking even by end of this calendar year and moving into profit 1st quarter 2016. He seems very confident about this so revenues must be growing fairly steadily. I am very confident as well. It's a great opportunity. HTH

Definitely something fishy going on. MM's been up to tricks here. So many buys yesterday and comparatively little selling. This has happened before on this stock. My gut feeling is a placing coming which is fine at 1p or above. The Jonnagiri news will blow it all out of the water IMO. They will announce proceeding with new mine development, significantly increased resource plus new exploration targets. We may also hear renewed news of Deccan merger

Enough said?

Yes I've added substantially as well this morning at between 1.20 and 1.25. A few weak sellers flushed out. I am very confident the news from Jonnagiri is going to be very positive. Thats not just an opinion its based on my own research.

Whats going on here? Could be a tree shake I suppose but more to it that that I suspect. My guess is that the fundraising that Kolar advised long ago that might be necessary in the event of of option to increase stake in GMSI is being undertaken. However I also think that the accompanying news regarding Jonnagiri will her VERY good - hence the reason for the fundraising to increase Kolars take stake in GMSI. I am aware that GMSI are proceeding with plans to mine at Jonnagiri. This decision would only have been taken on the back of data extracted from the drilling programme that we are still awaiting news from. Annual production of 60,000ozs is likely. That is a huge development for a tiny company like Kolar.. So I'm not bothered about the fundraising as I believe the accompanying news will be significant enough to outweigh the dilutory effects

So the CEO Les Burnham has exercised 2.6m options thus increasing his stake by just over 50% Highly bullish in my view as very confident he won't be selling any. I see the SP wanting to go higher again as the market catches onto growth story here.

Well the last quoted nav for this share was 5.17p at end 2014. Not far off four times the current SP(!) and that's without the expected resource upgrade for Jonnagiri which, as you suggest, will materially increase the valuation of gmsi. Not only that, the resource upgrade will increase the likelihood of the Deccan merger which would be bullish for Kolar.

Hi Breton, not sure who she is but it's clear she has been hoovering up a lot of the supply provided by Brewin Dolphin over recent times. I wonder what she knows that we don't? Speaking of what she may know I did a bit of digging and looked at Novia financials website (who are linked to C Johnsons holding) and guess what? Novias chairman Anthony Cleaver is a former chairman and CEO of guess who? IBM UK! Just a mere coincidence I'm sure.

Yes as we know this moves up quickly once demand rises. It'll be difficult to obtain stock at that stage. News could drop any day now. In my opinion the comments about up to 1m ozs target in just one area of the licence area is a game changer. 2-5m ozs will become the new target going forward IMO and once that is acknowledged £1.5m MC here looks ridiculously undervalued. And we still have BGML as another bite at the cherry with the govt finally waking up to the gold industry question in India?

This article on the GSMI website is quite illuminating. It talks in some detail about the ongoing Jonnagiri gold mining project (from which we are awaiting news) and points out that Jonnagiri is located in the same structural domain as both the Kolar and Hutti gold fields. For those unaware Kolar and Hutti are by far the biggest known gold fields in India. http://geomysore.australianindianresources.com/index.php/jonnagiri-gold-project/ I found the following sentence very encouraging indeed and the information is out there if you look for it. "Discovery of Temple Block Lodes has significantly enhanced the potential of the Jonnagiri project. GMSI is aiming to prove 0.5 – 1 Moz of Indicated gold resource in Temple Deep alone in the short term." Note the use of the word 'alone' meaning they think there will be a lot more resource to come across the licence area. What they are saying is that just one relatively small section of their licence area is expected to be resourced up to 1m ozs gold. The market is completely asleep to this potential news and, on that basis, I have added further this morning and will continue to do so when funds become available. A real belter this if you get in now IMHO.

So this is who is snapping up at least some of the BD shares….

The chart is suggesting we are nearing an inflection point. The long term downtrend has evened out. I am not suggesting which way it will go but the bollinger bands have now narrowed to a point where they are tighter than a gnats f*nny. So somethings got to give soon. That move could be down if we don't get more news but conversely it could be a dramatic upward move if we do.

Important to realise here that below bid AND above offer trades (in an upswing) are common here due to the illiquidity of the stock. There is normally a wide price range depending on the quantity of shares you wish to trade. That's all there is to it.

Two red flags in one day. Firstly Chairman flogs 2m shares (not far off half his holding!) - NO explanation even provided! Didn't he also sell his options last month as well? Then 15 mins later the market is advised Richard Griffiths has reduced his stake by 1.5m shares. Very surprised the SP hasn't reacted more negatively.

The company was floated on AIM over two years ago at a MC £4.5m. There was a lot of 'hope' baked into the SP rise based on the premise that FLX would win large multi million pound contracts in the Middle East which, for various reasons, did not materialise.

All the talk is of Cyber but worth just reminding ourselves that Falanx Intelligence division is long term profitable and experiencing steady growth. In managements own words customers are 'loyal'. Turnover 2015 £1.76 million (2014: £1.56 million) Five new customers already on board in this financial year. Revenue 'solid' and a mention of an additional £350k work on 'special projects' thus far this financial year. If this trend continues plus the additional contracts (five) won in 2015 its possible revenue could hit £2.5m this financial year in Intelligence alone and with a sustained 12.7% margin that would produce potential pre tax profit of £318k