Member Info for Dibs61

Good posting. Did you read the article I posted by Mark Braund yesterday regarding cyber insurance? He is convinced it is going to be an absolutely essential component of every organisations business and data security. The cyber security sector is such a no brainer and FLX are in the right place at the right time. The market and opportunity is huge.

You mean YOU are putting your profits from FLX into here lol! I don't see anybody else doing it :) though I suspect this is benefiting today piggy backing off FLX rise yesterday.

What you pay or receive here very much depends on the quantity you are dealing in. I can dummy sell 10k @ 11.1p - much above quoted bid but if I sell 100k I get 10.7p - again above the quoted bid. Buying availability is now very limited so I am pleased I built my holding when you could buy what you wanted!

Yes we seem to have hit a bit of an impasse. I can dummy sell 100k @10.61p

You oft see this expression quoted on BB's. But just look at what is being done here. Repeatedly lowering the bid savagely but NOTE the all important Ask is staying put. This is an attempt to flush out sellers because stock is needed. How can you explain a 40k buy @ 12p one minute and a tiny sell @ 10p the next?! Hold on tight and don't be scared out ;)

Good morning to you sir! Yes I'm liking the blue too.. ;) It appears that any sales are being snapped up rapidly. As someone else has observed we could see the same pattern today as we saw yesterday - quick steep rises followed by small pullback -a few sellers then rise resumes.

Looks like we're in auction already. Nice start.

And the same to you! Jolly certainly got his timing to perfection there thats for sure!

I forgot to include shares traded on ISDX. Once you add in the 751,595 traded on isdx a total of 4.6% of the companies shares traded today! Also the mid price is 11 (spread 10-12 on isdx)

Over 3.5% of the companys shares were traded today. Again, not insignificant. Some serious buying going on today. ;)

We have smashed through both 20 day and 50 day average. The significance? Well the last time the SP hit the 50 day average on 10.7.2015 @ 13.63p it bounced straight off it and dropped back. The last time before that we were above the 50 day average was last December! This time it has broken decisively through that barrier. The 200 day average is 20p so some way off that level. There is a clear downtrend on the 1 year chart and this is not YET broken. I'm not an TA expert but with my untrained eye it looks like we need a closing day high of 15p or above to conclusively break the downtrend. I think breaking the 50 day average IS significant however and this could be a signal that we have hit the bottom and moved off into a new uptrend. The hugely higher volume today is also significant and we are now getting more onto the radar. I think we will open up tomorrow and possibly hit 11-12p before we see a possible small retrace and consolidation. The justification for that is on the basis that the shares would become SHORT term overbought. However That is assuming we don't get any news/contract announcements. If we DO then all bets are off and we could swiftly move through 15p and upwards rapidly from there. Thats my take on things.

Havent checked the technicals yet but I would think this will be looking quite nice on the chart now. Finished just off the days high. dave23 made an interesting point suggesting they don't need to issue an RNS because the SP has dropped substantially in the last month or so. Anyone else any thoughts on that subject? I think what is different about the SP rise compared to that a couple of months ago is that this rise has been accompanied by much higher volume and buying levels. That makes me suspect we do have positive news just around the corner rather than the rise being a 'technical bounce' or speculative. Every fall back today was bought into. ;) 11p tomorrow? Jolly you may have left the party just as its getting started but alas I knew you wouldn't stay for long. A quick drink and you're off to bed lol.

In the right place at the right time - well done - though we both know days like today don't come around very often ;) At least not when you actually have a position in the share.

I can dummy sell 100k @ 10.36 no problem at all. They want your shares badly,

We need a few people to sell to create the liquidity!

Ticked up again and near days high. Anyone got a view of the order book??

ISDX data as follows: FLX.GB GBX 10.5 12 11.25 5.75 542,481 03/09/2015 5.5 57 Mid price is 11.25 and Ask @ 12 on isdx

This is a very good punt at this price IMHO. Some like MARL are not bargains on current valuation but this isn't pricing anything in whatsoever.

Somebody picked up £8k's worth at 10:15 this morning. There was another similar sized buy at the end of July. The company have high hopes for the Jonnagiri results and so do I. Very confident that this will shift markedly on good results as GSMI already hold a production mining licence which is very rarely awarded in India.

After a long quiet period someone snaps up over 0.5% of the company in just one transaction. That must be a lot of any overhang of shares in the market. We are due very important news in Q3 (major drilling programme in Jonnagiri to grow resource base) so that should mean by the end of this month (although we are talking India here of course.)