Member Info for Echo1

£220k bought this morning vs £2k sold

Maybe an indication we'll get results early next week??

I do enjoy the feed once the squabbling starts :-)

Good on Gammy for making the most of his money. And good on the rest of us for sitting tight.

Its all good fun ;-)

I'm not buying yet . . . the spread is just to wide
Maybe something is afoot . . .

The downward trend of the share price over the last few months has been rather surprising. But given the Bayford investment and their track record with companies in this sector I'd like to think significant gains are on the horizon. If we get positive financials I think we could see a nice big leap. But as Harry said - even a small amount of negativity could drag this lower. I for one am sitting tight. The huge shortage of electric car charging points is something that needs addressing, I think FCRM are well positioned in the long term to deliver.
Any thoughts?

FTB
Some very good theories and speculation there. I have to say it is entirely plausible that diamond exploration will come back into vogue with this government and that they will recommence active investment. It also is also plausible however that this 'huge diamond discovery' is not related to Maibwe.
I for one didn't invest in BOD expecting a solid return. This was pure speculation for me. Because if this share was to start flying we could easily see a 6 or 7 fold return on the current share price.
What are your thoughts??

yes I'm happy to sit on this and wait to see what happens. My average is about 105p and I've watched it all the way up to 160p and all the way down again. I'll be averaging down if this slide continues unabated.
The peak of £8 for me overvalued the company but I think there's a long way to go and a lot more twists and turns.
Partnering news could take a long while but I think we could see £2 or £3 in the next 12-18 months.
Thoughts?

Aside from 11 million sells check out the RNS from 5:45 today.
Good vote of confidence I’d say. Surely this company to miles overweight . . . ?

I sincerely hope you're correct :-)
I've averaged down a few times with FCRM so a re-rate would have me skipping down to the boozer!

cheers gammy!!

We've seen this pattern a few times unfortunately.

The MM's must love this share, they'll keep squeezing the price down until the next bit of good news hits and if you've timed it correctly you'll double you money IMO. GLA

As Eddie Murphy once said.

'Everyone's waiting for it to hit rock bottom so they can buy cheap and go long'.

Name that film!!

Yes I like your rumour.
The decline of the share price is certainly an interesting one. I’d like to think our new investor has something to do with it. And the reaction of the market to the delay in the interims was certainly over egged. Fingers crossed we get a positive in July. I’ve averaged down a few times as it’s one of my long term holds.

What makes you say that belles?

Zen - if we ever reach £25, or even £10 a share I'll drive to your house regardless of where you live and snog you.

And then I'll buy you a pint.

Your relentless optimism is good to read. But I'm still sitting in the sceptical camp . . .

I think this share is unfortunately 'boom and bust' ATM
Great for investors who can pump big money in for a quick 20-30% gain and then sell,
But not great for holders looking at long term investment.
I think the drop should be treated as a positive and an opportunity.
The market is always going to over react to results for better or worse.
But I've enjoyed the ride so far . . . .

The interims are due at the end of July, I like to think we're nearing rock bottom but with the woodford sell off still in fully swing I agree batfasted that we could see further losses. What remains however is a strong company. As long as you're in for the long haul I'd say this one is a winner (IMO)
GLA

I'd like to think we'll get a nice juicy update this week before Q2 ends but Faron do have a habit of delaying things. I think in this moment however its very important get the deal right. Which could take some time. I'll be buying in again if this price decline continues. GLA

The born -

Yes I wholeheartedly agree. The failed takeover by NSF has put a lot of noses out of joint and I suspect the share price will be held low for a period. But as I keep saying - this company is still turning a profit despite all the s**t. I’m averaging down the first chance I get. GLA

yes I think unfortunately investors were hoping for show stopping news.
This does bode well for BOD but this is now a sit and wait share as apposed to a grab the ££ and run situation.
Its good to see an update with some positives.

Lets see where the ride will take us. I suspect we'll get another RNS in the next 6-8 weeks.

yes I'd agree with raxfactor.

This company is essentially sound and this is a buying opportunity. I can understand the uncertainty around the CFO and the negative feeling this has caused but the numbers don't lie.
Increased revenue from 44m to 57m and a fairly robust dividend (IMO) make me think the current share simply isn't a fair reflection of the companies worth.