edited by moneyam

Coincides with my earlier posting about the price breaking the 200 day moving average for the first time this year.

Definite uptrend mode now after year's of downtrend.

Just because the asset value has been writen down, does not mean that it may not re-appear or return value at a later stage. Take BSP as an example...having written down assets substantially through the 'growth' stage of the businesses, they are now beginning to realise the assets at a value far in advance of new book value - different time, different outlook, different book value...

Excuse the poor anology but its early its like a swimming pool, writing down the asset of the pool through a prolonged water shortage (i.e. contains no water for two years) as it cannot generate income and nobody can go swimming. Once the water shortage is over and the swimming pool full again its asset value can increase....

DMR paid 20m for the assets when they were simple unworked mines (there was no 'mining business' then. They remain unworked mines and therefore if they were going to sell them they would have an asset value of several million (maybe not 20 as the currency fluctuation has gonbe against them.

As they are not going to sell them - they are 'mothballed' for DMR's purposes - it makes sense to write the value down

Added another 200,000 shares to my holding at 0.35 pence.

I think its dawned on the market makers that should reaction to auction price RNS in Oct or company injection be positive, they don't have enough stock to satisfy demand.

Volume has started slowly picking up since last Thursday.

I think the Volume will continue to build today.

Just bought a futher 250,000 shares at 0.30 pence....

And managed to get another 99,983 shares at 0.30 pence as well.

My buy trades will come through in an hour.

SueHelen

How many of these have you now got ?

K******

I have bought around 1.30 million shares now since last Thursday in these....have to buy in tranches to get good prices.

The only way two-way trading can happen in the size buyers want to take a position for the new aquisition is by a markup at some point to a level where sellers may be enticed.

After the steep fall from the 32-35p high after flotation, the shares traded
around 1p for a very long time, and it is not unreasonable to expect that when they return to this level it may be in a decisive way.

Even that price would be less than half the average price brian moritz paid for his holding.

Sue - Re your post 15:

You clearly don't know what you are talking about.
BSP have been amortising goodwill.
DMR have written down tangible assets to expected realisable value.
Do you understand the difference??

Note also that the figure for the subsidiaries is now reclassified as an "investment" in the balance sheet.
Why do you think that might be??

Regarding your swimming pool analogy, DMR have made no separate comment about diminuation of tangible assets due to reduced economic benefit.
Also, valuing an asset according to economic benefit, would include all future economic benefit. You can't write down the value of your swimming pool to zero just for the period of your water shortage, unless you assume that there will be no water in the future, either.........

In short, please stop posting utter twaddle.

Rgds
dell

All IMHO, DYOR etc.

I bought and sold BSP on the same analogy dell314....go and see the BSP thread here and how you were deramping them at 0.30 pence before they went to 1.30 pence to sell.

Please stop following me around dell314...if you do not like what I post.


PS. My CLS has started ticking up...are you quickly gonna rush to that thread to continue your deramping.

Just because the asset value has been writen down, does not mean that it may not re-appear or return value at a later stage. Take BSP as an example...having written down assets substantially through the 'growth' stage of the businesses, they are now beginning to realise the assets at a value far in advance of new book value - different time, different outlook, different book value...

Excuse the poor anology but its early its like a swimming pool, writing down the asset of the pool through a prolonged water shortage (i.e. contains no water for two years) as it cannot generate income and nobody can go swimming. Once the water shortage is over and the swimming pool full again its asset value can increase....

DMR paid 20m for the assets when they were simple unworked mines (there was no 'mining business' then. They remain unworked mines and therefore if they were going to sell them they would have an asset value of several million (maybe not 20 as the currency fluctuation has gonbe against them.

As they are not going to sell them - they are 'mothballed' for DMR's purposes - it makes sense to write the value down

I will continue my buying spree at these levels...they won't be around for much longer IMHO.

Sue - your post 26 is complete rubbish.

BSP have been amortising goodwill.
DMR have written down tangible assets to expected realisable value after a disposal of assets by liquidators in South Africa.
Do you understand the difference??

Regarding your swimming pool analogy, DMR have made no separate comment about diminution of tangible assets due to reduced economic benefit.

Also, valuing an asset according to economic benefit, would include all future economic benefit. You can't write down the value of your swimming pool to zero just for the period of your water shortage, unless you assume that there will be no water in the future, either.........

In short, please stop posting utter twaddle.

Rgds
dell

All IMHO, DYOR etc.

That is why the price is at 0.30 pence....and not at 5.00-6.00 pence if the stone value was added into the accounts. If it works out like BSP which I think will....again see your posts there at the 0.30 pence prices before the big surge to 1.30 pence when they announced the value they had in ACS and Geosim.

A high-risk gamble which could pay for the house in the future.

Sue - You were only in BSP for your usual attempt at a short term pump'n'dump. You sold out months before its rise, so please stop lying.

Incidentally, do you actually understand anything that I've written in post 28??
I think you are going to have a shock when DMR announce the proceeds of their South African asset sale....

Rgds
dell

All IMHO, DYOR etc.

1.3 million shares and just as many aliases hey Sue ?

I'll take a look and let you know what I think.

And re BSP .... what about all the sh*te you have pumped that has crashed ???

QTR thread is a classic for anyone who would like to see what a lying sh*t you are.

Best regards.

Also CMS Webview. Another SH ramp.

"it'll be 50p by Christmas" ~ quote of the decade!

Let the buyer beware, especially when SH recommends it.