Member Info for Silverfoxster

I think I'm going to sit it out for now. May come in if it drops under 20p. My biggest concern is that half the RI ended up in the underwriters hands and since then another II has reduced their stake. Just not sure if the overhang has gone or whether the Underwriters will start selling big when they see a profit, thus holding the SP back. Opted for IERE instead and seen a 15% rise today. GLA in here, long term I have no doubts it will be a cracking share, as will many of the companies in this sector once the recovery starts. I just don't have a big enough pot for all in one go. ATB

More odd trades going through. Last time the price dropped Cant' make my mind up on this share, whether to jump in or not. See the Naked Trader has tipped it with a 30p target. On the other hand another II has just off loaded more shares and I don't see the volume going through to take up the sales. Anyone know when the next news is due out.

Not in these yet, still mulling over between these and IERE. Do you think all the overhang has gone from the poor take up in the RI and Lloyds reduction in stake. Difficult to judge without trawling through days and days of trades. The improvement in the SP would tell me it has, but there was hundreds of millions of shares to offload and just looking at the volume over the past few days, it appears low. CRND, hoping for a decent update, it can't get much worse, Don't need much to be back in profit and unsure whether to sell as soon as I get there (if) or hold on. The potential is massive and at the current price they appear cheap, but the management appear clueless. GL

I did say it could be a buy or a sale. If I could read the signals exactly, I'd be minted.

These small trades are generally signals from one MM to another, notifying each other of shares of orders to fill. It could therefore mean there is a large purchase or sale due. Similar signals were sent on UTG last week, following which there was a rapid 20% increase from 170-205 in the SP. Any advice on the company would be greatly appreciated.

I am just in the process of researching this share and in answer to your question the current number of shares in issue are 1,046, 088,042. The previous number in issue was 174,348,007, as 871,740,035 were admitted following the announcement of a 5;1 rights issue. Only 49% of the RI was taken up by investors leaving the underwriters with 445,801,845 shares to off load. Perhaps someone who has been in this share for a while could advise me if they think the underwriters have by now offloaded this large amount of shares. I make the SP 12 months ago around 150p, but perhaps a more realistic figure for medium term recovery would be the March 2007 figure of 500p. Taking into account the dilution of shares that would give comparative SP's of 30p and 100p. The SP is currently trading at 90% of it's NAV, although many other companies are higher than their current NAV. The June statement talks of the further write down of assets which should in theory reduce the NAV further. However the company now looks sound and interestingly, enquiries, rental rates and profit have all increased, whilst expenditure has halved Thoughts anyone

I have no problem with people posting negative views on BB's, though I am not a fan of people who gloat at the expense of others, when they call it right and continue to post when they are out of a share. No need. As I said the people who have stayed in did so as they did not expect the drop to continue. In this instance you called it right, fair play to you. As I said previously we don't all call it right all of the time. I won't sell out of this share until I am selling out for good, for fear of an RNS coming out, saying LMT have signed an agreement/partnership or raised cash which see's the SP opening up 30% higher. Sincerley, good luck in all your trades, we are all here for the same reason, whichever way we hope to reach our destination. SF

You seem very bitter about this share and come across very critical of those in it. In fact you appear to be coming across as quite the expert. I didn't follow your lead of getting out at 1.90, decided to bat it out, my decision. Did'nt expect it to drop at that point, but hey we can't all call it right at the top or right at the bottom. I also didn't follow your lead of topping up at 2.85, which was about it's top price, maybe that was madness, but hey it was your decision and who am I to be critical of your trading. How about following your mates lead at TW, What was it, 60p 1st June, 60p 1st July, 80p 1st September, seem to remember being mocked by the sheep, when I said it would just break 40 on the results and then retrace. Thankfully I followed my own advise on TW and picked up a good wedge of extra shares on the dips. But hey I'm not going to call you mad for your trades, we all make bad decisions, I've made plenty. I've also got out of shares at a good time and then watched the SP drop, I just don't feel the need to go back on a BB and start playing the big I am and ridiculing those still in it. I was first in here well below the current SP and topped up at about 2.20 so not to bothered at present. Will contiue to monitor the price and top up when I think is the right price. I may well get it right, I most likely will get it slightly wrong, but hey if I was such a good trader I surely wouldn't have the time for posting on message boards.

I was surprised the SP held up so well for the week or so after the results. It's starting to drop today and it will be interseting to see, if it can hold around 1.4 or whether it will go into a similar freefall to that it did from 2.5 to 1.6. No doubting the company and I am convinced they will arrange the neccessary partnership/funding required, so it becomes a question of at what level to top up. Was thinking around 1.40 but may just watch a while and see how it goes. Thoughts anyone.

Yes I had the same problem on Thursday. Was just putting a dummy buy through, just to test the price and it wouldn't let me do it online. Why are you getting out, when full comissioning is only weeks away, if you don't mind me asking. I realised that the RNS in some of the companies whose stake had reduced had not actually offloaded any shares, it was just their percentage decreased below a certain threshold following the extra shares being allocated.

http://www.hemscott.com/news/rna/detached.do?id=81606526542129 Another reduction in stake

Do I see a broker to broker trade for 307k shares. Is someone filling a large order. I think some signals appeared between brokers this morning, first thing with some odd trades of 17 shares going through. Is this going to move quick

I notice the assets for the business were aquired from African Diamonds, the reason cited was that African Diamonds were to busy with other projects to be able to focus on Sierra Leonne and Guinea. Seems odd that the board of Directors for both companies is the same, so surely they are still as busy. The obvious thing that stands out to me is that AFD appear tied into De Beers in a JV to construct a mine in which De Beers hold 71%. The cost of construction is 260 million USD, although AFD appear to be trying to find a cheaper solution, De Beers obviously do not want to expend the cash in the current climate. So was it a clever move by the directors to break up the company, as they would struggle to raise cash to upgrade Bomboko under the AFD banner or does anyone believe there is anything more sinister. The directors appear to have thrown some cash into WAD and AFD still hold a 7% share, so my initial view is that it was good business. Does anyone hold AFD, whose SP appears to be pretty stagnent and what are your views of the management. Regards

I believe the best case scenario is realistic having compared it to other diamond company's figures. The upside is the price of $116 per carat is still at a discount of 35-40% to the prices we can expect in 12 months time. If we get back to even $150 per carat, on the best case scenario, the profit jumps to just short of $200,000 per month. So on its own merit Bomboko look like it could be a winner. What I am unsure of, is whether there a possibilty of increasing production further to increase profits. When is the interim financial report due, the last one was on 17th January, so we should have had one or be due one shortly. What is the companies cash positon, I am struggling to find a recent update. I have not looked at the companies other projects as yet and hope to do that tomorrow, but could anyone give me a quick heads up. Finally any idea what the cash burn currently is? Any help would be greatly appreciated, many thanks.

Hi guys been doing a bit of research this evening and would be obliged if some of you guys who I know, know your stuff can back up my figures and answer a couple of questions. Firstly, it doesn't look like their are many shares available to PI's. Of the 89,947,519 shares issued including the recent placement, there are only 7,149,000 available or approximately 7.9%. I've only concentrated my research so far on Bomboko, which is hopefully only 5 weeks from full production. Assuming WAD achieve their 35000 tonnes per month target, I have worked some figures based on a couple of scenarios. At the previous production cost of 7.5USD per tonne, the cost of production would be $262,500 At the anticipated production cost of 5USD per tonne, the cost of production would be $175,000 Assuming a find in line with the previous of 6.21 carats per 100 tonne excavcated, we would have a total of 2173 carats Based on the anticpated find of 7 carats per 100 tonne, we would have a total of 2450 carats Previous sale was at an average of $116 per carat On the above figures 2173 carats at $116 = $252,068 and at 2450 carats at $116 = $284,200 So best case scenario of lowest production cost and highest rate of carats extracted, we have a profit per month of $109,000, whilst worst case scenario of highest production cost, lower rate of carat extracted, equals a loss of $10,000 per month.

Had a think about LMT over the weekend, whilst I believe the SP will drop over the coming weeks, once a partnership or a fund raising strategy is agreed, I believe these will move quite quickly North and back towards 3p in a hurry. Cash or lack of it is the only thing holding the SP back. Sales are increasing and so too is the profit margin and so to is the available market. Let us be clear, the product appears very well received by the specialists. With this in mind I don't believe the company will be allowed to go to the wall, my only concern would be how much of the family jewels LMT will have to sell off, if they go down the partnership route. I have revised my top up target from buying at 1p to buying at under 1.5p, hopefully 1.40 as I do not believe we will be waiting too long for news on fundraising. Quite simply the company can not afford to. Nootame, Sage, I have respect for both you guys so lets keep it civil, it's a good board this one. Sage, I envy your holding and the fact you hold heavily in here adds to my confidence in this share. You don't seem to pick many losers. As ever DYOR and all that.

Great product, increasing sales, increasing profit from sales, reduction in cash burn but still not enough cash to see it through unless a partnership is established within the next 6 months Net cash of 4 million quid, add sales for the coming 6 months of say 1.4 million assuming a further increase, say they pull off another 600k of tax credits, which may be optimistic, giving 6 million pound. Cash burn 600k per month = £3.6 million, leaving 2.4 million at the end of the year. Therefore its either a partnership or another share dilution, the liklehood of either will have a negative effect on the SP. Going to hold for now, may top up if we drop to a penny. If the company get a partnership it may come good but I suspect it could be a long term hold until LMT become cash generative. Thats my take on it, would be interested to hear others.

The product is still in its relative infancy and received approvals in many countries only recently. Last year revenue increased by 94% and the number of patients treated doubled. The continued increase in these figures are what I will be looking for in Fridays statement. The advertisment for a sales manager appears good news on the face of it but may well be because sales are struggling. If the number of patients treated has failed to increase given the recent approvals, then your concerns will be verified. The product is gaining credibility with the specialists and there is no doubt sales are certain to increse, that is if LMT have enough cash to see it through. Any thoughts that with US approval seemingly imminent, one of the bigger boys may either launch a takeover bid.

No problem mate, you make valid points and share the same concerns I do. I also know you were well behind this company going back a few months so know the background well. If the report Friday is good, we may see you back in.

Surprised at the drop, particularly bearing in mind the half year results are due out on Friday. Hoping information has not been leaked andd the news is bad, hence the sell off over the past week. Been in these for a good length of time and bought in low, but topped up at 2.2 so am tempted to buy in and bring the average back down. However I think I'll wait for Fridays results in case the cash has gone. The product is proven and I too thought US approval was due this year. Just checked website and can't seem to access the last report. Product is approved all over Europe, including Russia so here's hoping for good news on the cash situation and an update on US appoval, following which I believe we can quickly get back up towards 3p and above. If the news is good get ready to top up at these low levels early Friday.