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DXR Directex Real

4.375
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Directex Real LSE:DXR London Ordinary Share GB00B01B0B28 ORD 0.4P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 4.375 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 4.375 GBX

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Posted at 24/1/2011 19:15 by marab
This is a re-run of the Landers chapter of DXR. They released no news and the share price drifted down and they bought more shares as everybody exited for more exciting stocks. TW tipped this share to his followers who have bought up to 6p and are now sitting on a 30%+ loss. That means the share has to go up 50% just for them to break even. TW needs to add value here and can do so in 3 ways that I can think of. He can do something at AHG and hope that that casts a favourable light on DXR. He can buy more shares here to encourage people to think it is a good investment. He can ramp the hell out of it, although quite how you do that without telling people what they have invested in beats me. Unless we get a good NAV of course, which will be calculated by TW on investments we can't quantify or check. Basically the public NAV here will be whatever TW says it is.

There is also the fourth option, that DXR gets sold on to someone else to play with.

jaylett, "("TIM") will receive a fee equivalent to 15% of the increase in
the net asset value ("NAV") of the Company payable in shares at the NAV each
quarter." Doesn't matter what the share price is, and if people sell because of lack of information TW's funds can buy when the share price is less than NAV. TW, his funds and associates are the only ones who will know what the NAV is, although this is not in any way insider trading because ..... answers on a postcard please.

drrichard, "the stock selection is pretty good" and you can buy them directly. The question is, Does TW's 15% on NAV increase make it cheaper to buy directly or not? "we could look on it as an opportunity to accumulate stock cheaply" is a good point depending only on whether TW still has his original stake here or whether he has sold part or all of his holding. If he still holds, then buying at a 15% discount to 3.8p would give a safer investment in DXR in regard to TW funds.

Interesting to note that TW said he would buy within 30 seconds of the EGM and he announced at Minesite that investments had been made. I am sure that many sold DXR shares because they thought that nothing had been purchased, yet from the Minesite presentation it seems that investments could have been made as promised. This is not manipulating the share price though because.... Answers on yet another postcard.
Posted at 24/12/2010 12:05 by fairdeal2008
Ha marab - if you knew my fgorecast for the dxr share price you wouldnt believe me
Posted at 07/12/2010 11:48 by marab
leedsu36 - Nope, still here. Haven't sold a single share. I bought more when TW got involved and will stay here and see what happens. Been here before with the Landers, no news, share price goes down. If it gets down low enough I will buy some more maybe. I currently have 1.4% of the issued shares which is a huge amount for me, but if TW can't find a few good deals out there then he should be looking at early retirement. I think silver will be for 2011 what gold was for 2010 and I am betting that TW has a better eye for a bargain than I do. If I do sell any I will let the board know, but certainly not thinking about doing it.

A few good deals and the share price will bounce back up, look at the deal HRE made with Ascot Mining. That's the reason I am still here, hoping for more of the same. I doubt very much that TW and co are dragging their feet in order to buy more shares. Silver seems to be rising twice as fast as gold and I would expect TW to get the cash to work as soon as possible. I don't know him so I might be completely wrong, but I doubt if he is happy sitting back watching the DXR price slide. Time will tell, and I don't blame anybody for selling out to go to greener pastures. If enough of you keep selling off you might be able to buy back cheaper before any news comes out.
Posted at 04/12/2010 11:14 by pwhite73
leedsu36 - 26 Nov'10 - 23:57 - 187 of 244

"pwhite...any thoughts for us?"

Yes. TW bought his stake at prices higher than today so that is some sort of saving grace when you look at today's shareprice.So how is TW to make a return on his investment?. I only see three outcomes:-

1. Pumping the shares with news of stake purchases in other companies.

2. Dilution.

3. A combination of both.

The one area of growth he cannot announce is growth through precious metal discoveries or joint ventures. This is because if the EGM goes through DXR will simply be an investment company with no intrinsic business of its own. Very much like you guys holding shares in other companies. It is important not to make comparisons with Ascot Mining, RGM or RRR for these are all living, breathing companies in their own right. DXR is not.

So do you sell, hold or buy?

If DXR is not generating any revenues it can only raise funds through dilution. This is the path I believe the company will have no option but to take. Before any of you start shouting what about Webclubs I believe Webclubs will not be part of the new investment strategy assuming it hasn't been or earmarked to be sold already.

The seizing of 15% of the company's cash every quarter on a supposed increase in the NAV is appalling. How the hell do you expect the company to grow when the NAV will only and can only be comprised of cash raised through the issuance of equity.

My opinion is if you are in profit get shot of DXR. TW, his companies and his self promoting pumping rags do not have the greatest of reputations with serious investors and really remain in the domain of opportunistic penny share punters and bucket shop fund raisers.

To date I have not been wrong on this share yet despite the spike to 6p. I told you all the Landers had no intention of reversing IPT or anything into DXR and I'm telling you all now DXR will return to 1.25p as plans are announced how they intend to fund themselves over the coming financial years.

I believe T1ps will make the returns on their investment by taking a 15% cut of the equity raised every quarter and small shareholders will suffer for it.

Be careful with this stock.
Posted at 02/12/2010 10:26 by marab
engelo - I totally agree, look at HRE. If TW isn't careful people will start to bail out when ever he comes near a company, which is not something that would make him much money. Doesn't matter if NAV goes up if the share price keeps drifting down. The great thing here is the cash we have and the fact that the funds got in at roughly the current market price. There is no profit unless TW delivers, and that is why I am holding here. So his gold fund is up 70%, look at all the gold stocks that have more than doubled this year. I am hoping a rising silver price will lift the share price here but only if we buy something.

I think that a bit of news now and then would help tremendously. The email I received from TW said he was pushing the nomad as hard as possible to get things moving, and while I have no reason to doubt that, I would have appreciated hearing that sooner with perhaps some indication as to why the delay. I think a lot of us have suffered from the lack of news through the Landers period (although credit where it is due they did what they said they would) and fear the same thing is happening here. I know there are rules regarding passing on company info but there ought to be something we can be told now and then just to prove there are things happening.

We have a pile of money sitting there and I feel fairly confident that TW will want that working as soon as possible both to boost the share price and the NAV. I draw a degree of comfort from that and the fact that the share price is sitting around the 3.8p mark. My reason for buying here was the sort of leverage TW can get on a deal, look at the Ascot deal by HRE and RRR, and a few of those would encourage investors back in. Hopefully 6 months from now we will be congratulating ourselves on buying these shares. Not that long ago that people were selling RRR at 2.5p because of lack of news, and look what a few RNSs did there.
Posted at 25/11/2010 14:50 by marab
We seem to be doing a rerun of the Ward to Landers chapter. Share price went up to about 3.2p then dropped to as low as 1.35p. Then up to 5.5p. Problem then and now was lack of news flow. Those that bought more as the share price dropped ended up doing well. We are now sitting lower than when the two funds bought in, will they be buying more? DYOR

Like many here I hate Kennyruss. He buys shares which are undervalued then takes a profit when they go up. What kind of investor wants to make a profit? And as usual he still appears to have a bigger stake in the company than most of could afford. It's not like he makes money at it either. Well not a lot of money. Yeah okay a lot of money - but is he happy? Pig and faeces spring to mind. A lot of us have made money through observing Kennyruss this year and newcomers to this board may not be aware of his stellar performance this year at least. To those newcomers I would point out that the Funds buying in here paid 3.8p a share, more than the current share price, and they did so expecting to make a profit. This would appear to be a good buying opportunity thanks to Kennyruss selling his million shares and others who were waiting for a quick buck, but again DYOR.

I may be wrong but I think that Kennyruss has sold some of his stake here because he believes he can make more money dealing elsewhere, anyone watching his dealings over the last few months will find that easy to believe. Comes down to whether you think TW can make a buck or two, and if so it's cheaper to get in now than a week or two ago.

Some of us, like CPS and others, have been in this a while and are happy staying here to see what happens next. Am I buying more? No, because I have no more cash left to invest. Would I be buying more if I could? Hell yes.

Kennyruss, don't forget to adjust your holdings in the header.
Posted at 20/11/2010 14:48 by marab
engelo - I am a beginner at this lark so my thoughts should be taken with a large bucket of salt. They have the best part of £2 million to play with but they get 15% of any NAV increase, and as I understand it from someone else's post if the NAV drops in one year from say 4p to 3p they only get their 15% on an increase on the 4p, and don't start from the new base of 3p ( somebody please correct or confirm this in case I have got it wrong). That's different from almost every other trust out there. The more money in the company the greater the potential return for TW and co. I would have thought that silver will become one of the new flavours of the month soon so the sooner one can get into the market the better, so better having as much money now as possible. But I haven't a clue what the strategy will be. You could argue that they have bought the cash here fairly cheaply

Smaller Companies Gold Fund 5,526,315 10.94%
Smaller Companies Growth Fund 5,131,578 10.16%

so 21% of the company gives them 100% of the cash to play with which is a reasonable deal. I would hope for a really good deal or two in the very near future as so far the share price isn't indicating much confidence, and I have heard comments on some boards about people being locked in here and not being able to sell. Not good for the funds I would have thought as they get paid by increase of NAV but also by increase in the share price through their 21% holding.

It's a bit frustrating that CPS might be able to give us a few pointers but can't because of his new status as insider. Bet it frustrates him more though. A case of a little knowledge is a dangerous thing.

Personally if I was running the company I would be inclined to do the best possible deals in the near future to drive the share price up then issue new shares. I do worry about the fairly negative vibes from people currently locked in here which is so like the old days with the Landers. But that turned out okay.

Kenny, get my share holding updated to 700,000. I have finally got up to the 1% mark and I want to see it up there so I can marvel at my financial acumen. This is the third time of asking and I am getting an inferiority complex.
Posted at 20/11/2010 12:48 by engelo
If we use Hameldon as a model the next step will be to raise funds for investment, followed by initial details of the first investments made.

In Hameldon's case £500,000 was raised via a placing 37% above the company's cash per share.

If we do the same here the price of the placing is crucial, and uncertainty about this will be troubling the faint hearted imo.

Any thoughts on this??

When I met TW last Thursday he said DXR was very much a sister company to Hameldon (as cps has also reported), and he intimated that he expected the DXR share price to follow a similar course to that of Hameldon.
Posted at 19/11/2010 11:57 by marab
roscoepeeco - 19 Nov'10 - 11:00 - 4501 of 4510

kin hell WTF going on at Ascot mining today up 70%

New investment from RRR and Tips fund. As part of RRR deal they have warrants to buy 10 million shares at 20p so that is a profit of at least 50% if exercised now. From memory the warrants are good for 5 years and Ascot plan on moving to AIM which will up their share price I would think. Rest of investment in in convertibles at 20p per share and have a 10% yield. Typical AB deal have your cake, eat it, and free top ups. And that is the sort of deal I expect here in the future.

Big thank you to PWhite for helping the share price down a bit. 700,000 shares now Kenny and definitely the last.

From RNS

The announcement should have stated that Ascot Mining plc currently has 44,776,347 ordinary shares in issue and not 40,675,924 ordinary shares in issue as previously stated. All other details remain unchanged. The full announcement appears below.

Red Rock Resources plc ("Red Rock" or the "Company"), the gold mining and exploration company with projects in Kenya and Colombia, and interests in steel feed, uranium, and rare earths reports a GBP1.5 million investment in Ascot Mining plc ("Ascot") by way of 10% convertible loan notes 2015, convertible at any time at Red Rock's discretion into new Ascot ordinary shares at 20 pence per share. In addition Red Rock has been granted warrants to subscribe for 10,500,000 additional new Ascot ordinary shares at an exercise price of 20 pence per new Ascot ordinary share, valid for 5 years.

So roughly, rights to buy 18 million shares at 20p, and current price 30p odd plus uplift in share value on coming to AIM
Posted at 19/11/2010 08:55 by marab
Details of investment by RRR and Tips gold fund into Ascot Mining on the link below.



Details of funding give an idea of how DXR can get leverage on its funding. TW can get deals for cash investments into companies that most of us can only dream of.

Invest in a company (and receive warrants) share price goes up because company now has cash, exercise warrants at big discount to current share price, share price goes up. In the above deal I think the share price has gone up from 20p to 30p on the funding news. 50% in a few days. That's the kind of action I expect here. My opinion only, but looking forward to the CPS Report. DYOR.
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