Member Info for Dibs61

Touchy no1plasterer lol. Thanks for your ‘insight’ lol.

Hey there’s a nice dip. You keep buying👍🏻

I see a 36% rise not 60. Not uncommon. Enjoy if you’ve made a few quid but there is nothing of substance coming here. This is called speculation. I don’t think it’s an outright P&D but it’s a few people jumping onto a very rickety bandwagon imho. Could easily go back to .35

Also noticed a stream of unusually positive and rampy posts over the weekend ;) lol

SP was higher than this when gold price was $1,950!!

I know there is a discount for regional political issues but come on!?

If the current status quo is maintained, and the recent company announcement suggests it should be, surely this is cheap at this price? The next set of results is going to be stellar.

I suppose the SP will drop on those …🤷‍♂️😆

Newuncle - probably….. all these new shares being issued each month, given the greedy bloated salaries all this bunch are taking are, at a guess, going to dilute the existing share capital by up to around 10% each month!

Taverham- it isn’t even a bona fide pay cut because the 25% is being converted into shares!

So yet MORE dilution for shareholders! These guys are outright crooks. They will ruthlessly squeeze every last pip out of shareholders money until administrators take over.

Zijin Quote:

“After study, the company is of the view that under the current and anticipated future gold price conditions, the project’s utilizable resources and reserves still have significant potential,”

The Chinese sound very confident about the gold price. I wonder why? :)

I think we need to try and dig deeper and see if we uncover a bit more information about this contract. I’m not going to go overboard because it’s not clear the scope or level of involvement for feedback will be. I’ve had a feeling that Tom has been holding back from announcing the results in anticipation that he would have something more positive to say.. maybe this is it? We don’t know.

What we do know is that The Company's cash balance as at 30 April 2024 was £4.3m. I estimate that by 30th Oct - with their cost cutting measures- conservatively they will still have £3m cash. So that’s Cashburn of £1.3m in six months. It may be slightly less.

The current MC is £4.73m so that would equate to an EV of £1.73m. That does not seem expensive IF they have made a breakthrough of kinds within the NHS. Indeed it could be very very cheap indeed. But it’s risky. You pays your money you takes your choice.

It’s 100% definitely £2bn - total value of the contract not per contractor. It is a huge contract for sure spread across 61 companies. If we were to assume an equal share of the pie for each contractor that comes to £32,786,885 each. Of course, this will not be the case. No doubt some will get considerably more. Some will get considerably less. Presumably according to the size and scope and importance of their work.

However, even though there are dozens of contractors Feedback are there and there is no doubt in my mind that Bleepa is the proposition and not CareLocker (EPR will be taken care of by another product).

Thanks to investor Bill for pointing out.

Interesting that the sudden price dip coincided with this news quite closely. I am sure that when the marketmakers dropped the price they had very little stock. Were they trying to encourage some sellers?

No fair view people don’t think CGNR will fail. It HAS failed. Patently. You keep those rose tinted specs on. I bet the Prof loves you.🤦🏼‍♂️

I find it incredulous that some fools are STILL buying this POS.🤷‍♂️🤡

Eish- oh the Fed absolutely HAS to lower interest rates. It has no choice whatsoever. Forget about the economy, although that is a basket case. The real problem for them is to service the vast debt And the interest payments that are due on it. Over $1 trillion.

More than the military budget! That is NOT sustainable. Not to mention all the cheap money addicts out there suffering from withdrawal.

Interest rates are heading back down towards zero. They have no choice.

I see BlackRock have used the recent dip to increase their stake slightly. One assumes they consider the risk of withdrawing mining rights to be less than minimal. As Tornadotony points out if the established business relationship is good and there is trust on both sides then there should be no issues that cannot be overcome. I am sure Endeavour consider this to be paramount.

My feeling is it will take the market a while to gain more trust. Some good financial results will help of course.

Tornadotony - how do you see this going now? I’m trying to get up to speed. Has the previous volatility in the share price been due to these political concerns in Burkina Faso Surfacing periodically? And do you think possible restrictions in production have been priced in?

Richie - A trading update is due in the next couple of weeks, normally announced mid October.

The oil and gas sector has been and is, buoyant, and given that’s an important part of their business provided other LOB are progressing it should be a positive update.

I think I recall them saying the scoping study is planned for next year - 2025. It hasn’t started yet so far as I am aware and would take several months.

Quote: “ Eisais' market cap is about $49 billion and Astra about $200 billion. They ain't daft!”

Yes, and the Angle proposition to them is like a scratch of their corporate nose. The ‘investment’ if anything, is minuscule. Indeed it’s Angle who will do the donkey work. To try and ‘play it up’ is desperate and misguided. Stick to the facts like the market is - the bottom line. And that is going to be negative for at LEAST another TWO years. Let that sink in for a while. And consider how many more begging bowls that will be extended out to get them to that point. And even THAT is assuming that Newlands latest profit forecast can even be believed! I will leave others to draw their conclusions on that one!

Are that this stock remains materially overvalued at £28m MC.

Still heavily loss making. If we’re to assume (generously) that they can match their H1 revenue in H2 (you can disregard Newlands forecast of £3m) that makes annual revenue of £2m.

£28m / £2m = a Price to Sales ratio of 14. That is very high. As an investor you want to see a lower PS ratio. The exception would be in the case of a company where revenue is growing rapidly. That has clearly, emphatically, not been the case here.

There’s no doubt in my mind that unless they can quickly produce substantial growing revenue this will drop another 50%, maybe more. Plus, you have them burning shedloads of cash every month.

There are clearly many who have jumped on board today - many are just traders admittedly- but anyone ‘investing’ at these prices thinking it’s bargain basement better think again.

Until, or unless, Newland can actually produce a contract with substantial monetary value ; NONE of the contracts or agreements so far have produced more than negligible amounts of anything this will continue to slowly bleed to death.

Newlands shpiel today was a desperate attempt to drum up a bit of interest because he knows the end of the road is in view. Once they are down to under 5p further dilution and there WILL be at least one and probably two or more cashcalls (and they need big cash calls to finance this) the sheer scale of dilution will obliterate share capital here completely.

This is VERY high risk. Once again it’s a matter simply of do you trust what Newland tells you? For the answer to that is simple. Look at his track record. This leopard will never change its spots.

Operational leverage is becoming significant for gold producers at these gold prices. For every 1% rise in the gold price this is multiplied in % terms when it hits the companies bottom line.

I can’t wait to see this year’s financial results!

HarChris - I have been following this stock closely for YEARS. I do not need to read broker notes - especially HOUSE brokers like the one you are referring to. I prefer to look at the facts not ifs buts and maybes.

We have heard the same talk from Newland for YEARS now. ‘Active discussions’ ‘numerous potential customers’ ‘major revenue potential’ I could go on but you get the gist.

This character Newland has all the bluff, all the talk, but the bottom line is THE BOTTOM LINE!

He has had years to deliver growing revenue. In the first half it has SHRUNK from the equivalent half last year. That’s a fact. He now expects us to believe that instead of making 5 x 1st half revenue in the 2nd half they will still make at least 3x 1st half revenue in the 2nd half. That would be extraordinary acceleration in growth within the same financial year.

As fevertreeman pointed out, only as recently as June barely three months ago he was sticking to £6m revenue for the full year.

Clearly he cannot be trusted. It’s that simple.

So, basically given up on Product sales then.

Now ‘expecting’ cash flow positive in H2 2026! If my memory serves me correct wasnt it supposed to be H2 2025? Pushed out another full year. I think even that is pushing it. They are a million miles from cash flow positive trading and more wishful thinking/jam tomorrow promises from Teflon Newland. He always fails to deliver!