edited by moneyam

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.

Shame you guys did not appear on the EVS threads when the price was at 3 pence.

Hi markp...have u seen the BSP thread then as well...to see what dell314 wrote at the 0.30 pence prices.

You seem to have stop posting on one of my others dell314...TPA seems to be well up since few days ago when you could not stop your deramping for some reason.

Nav calculator with 197,042,498 shares @10/10/05

Market price (pence).........NAV (m)
0.20.............................0.39
0.30.............................0.59
0.40.............................0.79
0.50.............................0.99
0.60.............................1.18
0.70.............................1.38
0.80.............................1.58
0.90.............................1.77
1.00.............................1.97
1.10.............................2.17
1.20.............................2.36
1.30.............................2.56
1.40.............................2.76
1.50.............................2.96
1.60.............................3.15
1.70.............................3.35
1.80.............................3.55
1.90.............................3.74
2.00.............................3.94

Reverse takeover is also in the offing...the nav calculator may prove useful if DMR inject a new company shortly to enable us to put a price target on the new company (I may have to recalculate if more shares are issued - though I'm hoping it will be aquired via long-term convertible loans).

Sue - you sold TPA at breakeven or a small loss. It is obvious that you don't hold it anymore, as you've stopped pumping it.
FWIW, I still wouldn't touch it, as they are at the mercy of HSBC; the bank that did the dirty on HTH in similar circumstances but I suppose it may be OK for those who like a gamble.

Your NAV calculator(nicked from a poster on ADVFN, like most of your posts) suggests that DMR is currently overvalued on a NAV basis, as shareholder funds are currently a tad over 400k.

I hope that helps.......

Rgds
dell

All IMHO, DYOR etc.

Again that is what you use when I get one over you....say that I sold out. I have better things to with my time rather than get into slanging matches...I don't have the luxury like you to spend time deramping on my stocks.

I'm mystified that the so called expert on balance sheets was ramping My Travel at the 40 pence levels.

Suhail - You appear to be oblivious to the following facts:

1) DMR's South African assets are currently being sold/auctioned by the SA equivelant of liquidators.

2) DMR have consequently written down the assets of their SA subsidiaries to expected realisable value from the asset sales.

Which part of this don't you understand?
Have you actually read any of the recent RNS releases?

Rgds
dell

All IMHO, DYOR etc.

As I said how come you did not visit the EVS thread at the 3 pence prices....

How many times dell314....the price is where it is because it is unclear.....if they can sell the stone then 5-6 pence here we come.

Ps. You have not posted on my CLS thread today...is it because the price closed blue today. Doesn't surprise me.