Member Info for panda1

It's great when the technicals are aligned with the fundamentals. There's plenty of newsflow due to keep the momentum going

try buying 600k or 1 million and see what price you get quoted. There's not many shares available

It's obvious from the price action that the MMs are trying to fill a large background buyer. Someone is accumulating. It won't take much buying pressure to move the share price much higher as the stock is quite illiquid

not many left at 0.44p now

MMs look ready for next leg up

But the shares are still extremely cheap mac. This is only a small rise - we ain't seen nothing yet - it's only the start!

Once the herd arrives it will be off to the races. This one has multibagger written all over it. West Kytlim is worth more than the current market cap alone and Monchetundra is worth many multiples of it. The company has a binding contract for $150 million of debt funding from Sinosteel FFS.

Looks like the re-rate has just started. It had to happen sometime as the market cap. is crazily undervalued given the assets the company has and the $150 million of funding for Monchetundra

There's only 500,000 shares available at 0.43p so don't think they will last long so should see a tick up soon

It feels like it's about to breakout.

I met Ian once at TW's pizza restaurant and the guy that runs Darwin was there. They were very pally and chatted for ages. Shortly after that WSG issued some CLNs to Darwin. I hope the same doesn't happen at FLX LOL.

Sorry I meant ************* not sharepickers

Sharepickers/Hot Stock Rockets. TW is a shareholder and says he keeps in touch with the company. To be honest though I'd be quite surprised if it manages to get by without a placing in the next month or to as cashburn was pretty high in the interims and it usually takes a bit of time to turn things around. Perhaps you should try speaking to your old pal Mr Selby ;-)

No, I meant the �1 million that is convertible at 0.8p

Are all the convertible loan notes being paid off?

Ouch ... that was very painful for shareholders. The only surprise was that the share price didn't fall to 0.50p before the announcement.

The share price has been consolidating nicely recently and clearing the way for a big move up. The market cap. is hugely undervalued so it's only a matter of when and not if.

We got a corporate update at the end of last year. I think it's pretty likely that we'll get the news we've been waiting for shortly.

I've heard from a couple of different sources that there isn't a placing planned nor does the company need to do one. Cash generation has been much stronger in the second half of the financial year so far due to new contract wins and contract renewals. Costs have also been reduced as a lot of the spend in H1 was to develop Midgard. As Midgard is taken up by clients it will lead to considerable savings on not having to buy 3rd party software - savings of circa �500k per annum. Now that the company has proved it is capable of winning significant contracts from blue chip companies I expect larger investors will want a piece of the action which will push the price up significantly from here.

I agree dactions, the sp is rising from a very low base. I firmly believe the company has now turned the corner and the big gains are still to come. Shareholders have been waiting a while for some juicy contract wins, and likes busses, four turn up within a short space of time.