Member Info for Dibs61

Yes you could be right. I am a great believer in the share price telling you what is really going on (much of the time). Still holding but AIM is a really poor place to be atm.

Very surprised price is holding up here.

Yes it's now been 4 1/2 months since any kind of announcement. In AIM that's a recipe for certain SP drift which further dampens already poor sector sentiment. News is due in this quarter. Surely there is something to report about this very substantial drilling program at Jonnagiri which has been going on for months? Still holding but this is certainly testing ones patience.

I don't think we can say gold is "booming". Not yet at least.

Yes initially I thought the same and broadly speaking I agree with you. But the market is not focusing on these results but looking ahead to what is coming. now I'm thinking the market is anticipating a placing.

Someone buys £4k worth of shares last Wednesday and sells them all for a £1k+ loss just five days later!!!! Astounding. Truly astounding.

At £35m MC this now looks very expensive given revenue downgrades and uncertain sales outlook. plus repeated delays in the longest most drawn out construction of a processing plant in history. CG increasingly looking discredited.

They've barely moved forward in past six months - virtually no new sales in that time. Indeed you could argue development has stalled or gone backwards. Orders pushed forward - again. All manner of issues emerging - where to start? Very worrying update for holders.

I wonder whether the shares have received a bit of a fillip off the back of a positive update from AGY, and that they're looking to grow their allergen portfolio? Possibly. Would AGY be interested in acquiring ODX's allergen business? Whatever the reason shares are strong today.

I understand and share your caution. However, its notable that they produced 7,480 ozs in June alone (7,480 ozs converted to annual figure is 90k ozs). That was a good performance and it has been low production previously that has ramped up AISC. If they maintain June production for the remainder of year that would meet the 72-77k ozs guidance is met and would bring AISC down substantially. I think they are just going to focus strongly on driving costs down now because it would cost far too much to put the operation on C&M. If AISC guidance is correct going forward and they can maintain production at June levels then they should be cash generative again and any gold price rally will be positively received here - and gold MUST be due a substantial rally soon.

I see a canny individual picked up 50k @ 8p on isdx. Nice buy IMO and helped tick the price back up a bit. Great value at this level. Shame I haven't got any spare funds sloshing around.

This IMHO is an excellent long term investment. Good growth track record. Steady hand on the tiller with plenty of skin in the game. Currently out of favour because market does not like short term uncertainty as industry reinvents itself. Will people always listen to music? Erm what do you think? Long term the additional entry of You Tube and Apple into the music streaming market can only be good for IP content providers like OMIP. OMIP don't care which service provider you use as long as you are listening to tracks from their very substantial catalogue. And there is major growth potential GLOBALLY in this market still as the internet spreads further and further.

No mate it's not. It is a highly illiquid stock and I bought in on that realisation so it can, of course, move as quickly the opposite way. Results on the 27th. Generally acknowledged the industry is in transition with gradual move from downloading to streaming. Short term uncertain. Long term seen as very positive.

Yes but its impossible to time the bottom exactly. If you wait for it to come decisively off the bottom you miss the best of the initial rise - certainly in percentage terms. In terms of RSI its already way oversold @ 10. Junior producers will be top of the mids and majors shopping lists when M&A kicks off. Shanta has already been cited as a target but we're probably going to need a decent gold price rally first. I'm looking to add further.

Just looking at worst case scenario. Lets suppose there was a bit of a void at Luipa, IF there is, there is still very substantial exploration upside on the rest of SHG licence areas. SO long term this has to be a decent punt at this price with nothing in there for any gold price rally which easily one/two bag this at $1300. I agree that if there is a continuation of low grades-high AISC in Q2 this could go to 4 or even 3p BUT if it did I would see that as a big opportunity and be adding very substantially indeed

Confidence starting to return here after the nervous brigade jumped ship. ;)

Good points mpg1 and cb48. mpg1 inclined to agree with everything you've said. Ive decided to punt ahead of results on the basis that Q2 grades will be a lot better because they've gone back to BC as stated in Q1 review. cb48 - yes the gold price continues to defy all logic against the economic and geopolitical uncertainty. The market has concluded it doesn't need gold as an insurance any more because central banks ensure their assets for them. History shows us that this always ends in tears, eventually.

Just got even cheaper. Jolly I blame the tick down today on all your daily at-the-open piddly free carry sells this past week or two lol. Come on deny it?!

Comfortable here. Jolly challenges the investment view which is good and healthy. I dont have a huge holding here but like you, if the opportunity presents itself I would be prepared to add more. They appear confident about resolving the latest issue and it's positive that they are so open - that underpins a sense of confidence. It's a waiting game. IF it were to drift back to 12-14p my fingers will be twitching.

If that isn't a blatant shorting attack I don't know what is?! Oh well they'll have to buy them back at some point. Just hope it's not at 3p!