Member Info for Dibs61

Oldbutnowisa - looks like you’re right MM’s are short of stock. Characterised by the small trades and also the sell quotes are consistently above the quoted bid or even mid price. They need stock and are bidding for it. I had considered just trading this but after researching this stock thoroughly it’s definitely a HOLD. I can see this has considerable upside from here with a very positive future. Just look at the growing order book.

This is the epitome of the kind of share you would want to be in in this tough market which only rewards quality stocks.

404x - whatever it is indicating it is emphatically not good. The SP always tells a story.

I think they will get a cash call away but it will be brutal dilution and I would not be at all surprised at a placing priced at less than 2p.

Given today’s confirmation of the companies gold resources/reserves within just the Jelena Resources JV alone, how much would we estimate the company is now worth? Surely it is greatly in excess of the current £15MC!? Very respectable average grade as well in excess of 6gt

Revenue and Profit MATERIALLY ahead of market expectations. Add in recent substantial contract awards and this, at £40m MC looks cheap.

Tesla Energy is where it’s at. Massive acceleration in energy storage business already happening. They will make batteries that actually make money by doing it at scale. This is hopelessly off the pace.

I’ve bought in too. I think a re-rate here based on solid gold production and record gold prices - if sustained - could see this kind of stock being one of the earliest beneficiaries of a bull market in gold stocks. Still looks very decent value to me and the 4.4% dividend is a bonus.

No not foolish. I can see your thinking. Tom will announce the final results pretty soon. He will want to (have to) put out a positive message to pump the SP back up in order to facilitate the next round of fundraising. That’s not necessary yet but it will be required in the next 6/9 months. They won’t want to leave it until cash is at the bare bones.

Right now it looks like a sizeable sell order is being worked. But I think there is the possibility of a short term punt/trading opportunity

Buyers coming back in…

This is now valued at well below cash. I’ve taken a small stake and looking to see what they have to say in terms of addressing the issues at the end of this month.

Certainly far from game over.

Given Hardides history one can never rule that possibility out completely. However if you take the most recent Company update at face value they are talking about a rapidly improving cash situation vis a vis the latest Outlook:

Quote:

“ Management's focus on near-term sales growth is expected to drive second half revenues beyond those of the equivalent period last year and improve considerably upon H1.

With further action currently being taken to improve margins and reduce overhead costs, the Board continues to expect the business to be EBITDA positive both in the second half year and, prior to charging c.£0.4m of anticipated one-off cash restructuring costs, for the financial year as a whole. It is also targeting Hardide to be in a run rate cash positive trading position by the financial year end.

More broadly, under new leadership, the Board is confident that Hardide is now much better positioned to realise the significant value inherent in its unique high performance coatings technology.”

Interesting today. Volume very thin this morning. MM’s drop price and buyers come in. Some Shorts exiting their positions? Or wishful thinking?

Still hold 9 and 13% respectively right? They would, in any case, find it incredibly difficult to find a buyer for their stock in the current environment and miserable backdrop of this company.

My guess is they’ve burnt through another £5/6m in the past six months so, thus the current EV is around the £10m mark. That might seem cheap but with negligible revenues it’s not in the current market.

So I agree this could have a lot further to drop. Definitely need another placing in the next six months. Next one will be no more than 2p so the market is now factoring this in.

Unrelenting misery for shareholders.

Quote : ‘165 sites operational, plenty of scope for Bleepa. What progress is being made selling into these CDCs I wonder?’

Simple. None. Nothing tangible or RNS’worthy or you can be very sure that they would’ve shouted it from the rooftops. Look he tried to hype up £69k which is laughable really. In purely financial terms not RNS worthy and would pay Toms salary for perhaps 2/3 months…..

The technology is clearly pretty good. That’s why I had invested here. But that’s not the issue. NHS is the issue. As for India I think the issue there is they are essentially a one-man band. A tiny speck of a company. They are trying to do something in a huge country beset by bureaucracy. With one guy. Is that how Indians like to do business? clearly not.

Looking at their most recent accounts they virtually have no cash. And I seriously wonder if they could currently get a cash call away. Nothing going on. No interest.

I wouldn’t be surprised if it’s a ‘data’ issue with LSE. They will no doubt blame it on the outside data provider once it’s corrected.

Chameleon1 - so they are still open ok thanks I would def go with the fca stats.

LSE is definitely saying no longer any open short positions in ITM? Interesting. Short tracker is currently down I’ll check that when it’s back up but I can’t see why LSE would change it if it’s incorrect.

What I would say though is that the total short position was a lot more than two million shares. More like 13 million I think.

I notice one or two posters making comparisons to EEE. Worth pointing out the disparity between valuations. EEE has already received a decent re-rating to circa £50m MC.

Cobra meanwhile has seen no re-rate and sits at a low of 1p. MC £7m.

So whilst I am in no way suggesting EEE is overvalued or does not deserve that re-rating - I have some knowledge of that stock - what I am saying is that Cobra would seem a better candidate currently for a re-rating based on todays very positive news and with further potentially positive news due quite shortly.

In simple terms if you are looking to choose between EEE and COBR the latter is the better bet just now imho.

David Clarke has enormous faith in this project and has put his money where his mouth is owning just under 12% of the company.

Great news this morning. Hopefully the usual sell on news brigade (a plague on todays market) are out the way and we can progress the SP to reflect progress made. This is still below where it was months ago but the ISR progress has advanced significantly since then.

Looks like he’s gone already. So much for Tony Blair eh? 🤭

Whopping delayed 500k buy from Thursday. So someone displaying confidence.

Summer torpor nearly over and I expect this to slowly move north once it does.