Member Info for ismalia

It seems to me we are a bit of an unknown quantity. Unlike UJO where DB is consistently promoting the company MA stays quiet but non the less is working hard for both EDR and UJO. Biscathorpe, Wressle and NK are major prospects for us with our holdings in all being greater than UJOs and I have often thought that we are both undervalued and effectively an unknown prospect.

Most of those who took part in the raise will probably be out now so 0.17p should see further increases. Although no news as yet we know that Wressle, WN and Bis could together bag us to the 0.70p that Angle as noted. I think we will sell WN and concentrate on building income from Wressle. Progress Bis further and start the NK drill ready site.

IMO Chuditch is a fair way off -3/4 years and we will need to spend a lot of cash before any return. The time line is important in any sale, but I think this will need to be sold as soon as, but I'm not too sure how much we can expect. Peru is however a lot closer.

Looking to see this move forward as it has consolidated at about 0.14p without any pumping.

I feel there is too much good news on its way to hold the sp below 0.20p for much longer.

I think the net selling has finished and we could see this back over 5p by the end on the month a value that I feel is more that justified and a recent average.

How much do you think it will cost to get the300m out of the ground and how long will it take?

Those of us holding over night will be sweating I feel.

Very much oversold imo and I expect a rapid rise back to at least 5p in the coming week or so.

Having taken a long hard look at NQ I feel that there is huge potential. Not a great fan of DL but I do feel that the asset and the potential is greater than the man. Once there is an AIM or a main listing I think the sp will fly. So For tha reason I will be buying in next weet week . GLA

Having thought about it I feel I will top slice tomorrow. Never wrong to bank a profit but I will keep a cost free holding going forward
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If any of you would like something to look at, take a look at NQ Minerals on the NEX market. I know many are not keen on Lenigas' involvement in the oil sector but I am having a look at NQ as it could have potential imo.

13.6p a few years ago is fine but now we have shares in issue that would aquait to a mc of £27m which is some valuation. So we must not base historical share values on the current sp unless we factor in the shares in issue.

The potential is certainly here but I wonder how far down the road realisation will be. We have a mc of almost £10M so I am expecting a raise to be being put in place to capitalise on this. At the moment we have no income but on going daily costs and no doubt we will need to invest further cash in current prospects or sell or farm out something. Next week is going to be interesting. GLA

I have been here for several years, have tremendous respect for DB and like many have been buying on hope and expectation which I now feel is within sight. Nothing has changed for the negative only the sp which I feel is simply drifting around the recent raise price. If anything the assets UJO has have only improved in value and that that can be supported by RBDs continued investment in Rathlin. When news breaks, be it Wressle, WN, Bis, NK or one of the other prospects the interest in the shares will be overwhelming so at the moment I am happy to keep adding.

I sold out about a year ago when I felt the sp was ahead of itself. Now however I feel that at sub 5p the asset is undervalued. Our PR is not good but we have assets of value and some very knowledged investors who no doubt will be on the case as it were. So I am in again today feeling that if current management cannot deliver there are those within the shareholder register who will come forward.

MC seems relatively low against prospects so thinking about getting back in - any thoughts anyone?

Still not happy that they can pull this round. Losses will continue into the current year as is always the case. Confidence may have gone in house and with the customer base, also margins are likely to be under pressure. WHI forecast is fine but I always look for EPS after tax rather than a nil tax basis. At least two years as far as I can see before they return to growth.

Perhaps we could get a similar result here that we have at ADL. Existing Board off, new guys in with new capital, acquisition, and more positive direction.

I'm inclined to agree that a sale of Chuditch is the most attractive route to take now as it appears to have substantial value disproportionate to our mc. We can then concentrate on Peru, the larger Colter prospect and the IMF. All will need further funding in order to capitalise on these assets: we cannot, IMO spread ourselves too thinly.