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Swerves et al
Positive news could land soon, but the tentative dates are August. Once again GDR don’t have control over August timeline but it’s realistic to expect something by then.
Bit like ordering something with a 7-10 delivery and sometimes it arrives in 2 days. If it comes it not something GDR would have done because they don’t control that process.
Hope that helps.
Hi Dreamachine,
Thanks for your reply.
I have always enjoyed your Posts, and found them informative, and well considered.
Personally, I think it would be a big risk to invest elsewhere, and timing investments to neatly coincide with GDR's rise from the ashes. It would be a shame for you to risk missing out on GDR, so close to the Great news that is surely forthcoming, soon. I understand why you are considering buying into GDR, once good news has broken, but I do not believe it is that easy to decide the right time to buy in then either ?
As to your personal questions: My thoughts for what they are worth are -
A)will positive news be delivered in August to finally shift the SP ?
I believe positive news will be delivered in August, and even possibly before the end of July.
E.G. the RANDOX news today could turn the UK Covid Test Kit status on its head. Let alone approvals from any of the 11 countries we are currently pursuing dropping in. Never know when and what news may breakout !
B)how much further can this go down ?
My thoughts are, I really don't know how much further the SP can go down from here?
But what I do believe is that the SP is a bargain from here, and will return investors a Massive return from these levels. Hence why Spreadex have increased their holding !
GLA
I’m sorry I would be lying if I said I knew about Africa. It wasn’t on my radar. I’ll try and do some research in this area over the coming days.
@safy really great and detailed work, thank you for sharing your findings with all of us.
One thing I noticed is that you haven't mentioned anything about African approvals..? I think we have fairly vague information on that at present from GDR, other than we're applying for country specific registrations rather than focusing on WHO approval. Have you done any investigations into Africa? I must admit that's one I've not even looked at - I guess not knowing exactly which countries they're targeting makes the 'deep dive' that much more time consuming...
"Be nice for a Friday update..." - Like the last one ? No thanks. Friday is the day to bury bad news not release good news.
@Safy fantastic work old bean
Be nice for a Friday update...
Dream machine
At the start of August the sentiment will be different because we would be expecting something, whether it’s an approval or a rejection. You could wait for that first approval and 1m order and buy in then for subsequent news.
Or buy if this drops low. It can certainly happen, and then come August people may start to buy in, in anticipation for news. So double reward as that could bump the SP before news. But this is more risky and you won’t sleep well for a month.
If it was as easy as just buying something else and making all your loss back why did you invest here in the first place?..
Seems to me there are lots of impatient people here who want 50% on their stake in a week or two...if not they claim they have been fleeced by DB and the demon MM's! Jesus give me strength.
Hi Dreamachine,
From my perspective, I don't want to take the risk of selling any of my GDR Shares at a loss (currently £43k down - on paper).
I bought in at 182p on the way down from 220p, and have kept averaging down, all the way to 88p.
I am prepared to average down again in the low 60's, and again in the low 50's and 40's, if need be. I do believe GDR has Great Products, and well worth a Big re-rate, sometime soon.
However, I do not want to sell any Shares, in case news comes through, that drives the SP up massively, while I am out ? It's not easy to know when to buy in again ! After all, if the SP were to jump say 20% on Approvals, and I bought in after the said 20% increase, from its low, (which could be now in the 60's), whats to say the SP would not drop back again, and I stand to lose another 20% ?
I have taken the view GDR will sell their Products, and make me a profit, so stick with my plan, keep faith and believe !
Speadex increasing their holding, has convinced me there is no unknown problems, other than process time to get GDR Products sold. IMO.
Haha Gdr owe me more than a few points I’m afraid.
I think mid August too but that's based more on a 'second' wave as autumn approaches. I read some scientists researched it and came out with that prediction. I hope I'm wrong but I fear autumn and winter will be awful. Corona cases may yet peak again.
Well i’ve really ballsd this one up. My mind was saying sell at a quid as once that went that was it, but no I held on thinking news soon, few shares etc and it will bounce, well aware it can leap either way. Now 60% down.
May have to sell to catch a few others with what little is left as they are on the up but then Sod’s law and all that. Gosh. Should have even taken half of on a 20% fall like normal and then wait for bottom.
How to take one’s own advice!
Trek, should know better! D!
Dream machine
You’re wrong too.
ODX said end of July early August for Indian order. Which incidentally has been shipped. We don’t know the order value though.
Looking at the RNS, we know ICMR is on track from FlyingMachine. We have an order for potentially mid August pending approval. That’s one or two weeks behind ODX.
AVCT have no test so they don’t feature. NCYT are market leaders. They were first. They are leading the way. So ONLY ONE company has got a lead on the competition and it’s them. We are almost at parallel with ODX on our first order.
ALL SUBJECT TO APPROVAL
Easy as that then? Just buy something else and make loads of cash while gdr wait?
And what stock is absolutely guaranteed to go up and I mean cast iron guarantee?
That’s the whole point, no one can guarantee anything on aim.
LB,
You’re wrong. Your reading what you want to read.
NO UK SALES. NO EU SALES IMMINENT. GDR have not said we are working in those countries. India, USA, Africa is our market.
The projections are tentatively Next 30 days for something to fall into place. 1m Order will be rapid issue, it’s in the bag. But they need approvals and they don’t control approvals.
So Mid August is our timelines. Till then if it drops buy the dip, God willing after 30 days IF we have approvals it’s a very different landscape out there. It’s a risk but for once we have a tentative timeline if everything goes to plan.
P.s I didn’t post this for an argument with anyone. I’ve spent a whole day digging and speaking to people. To benefit you people with real factual updates. If you believe me fine, if you don’t then we will visit this conversation in a month.
Our sales timeline shifted from June to mid August, but we have 1m next in the bag if approval comes. That’s the takeaway. Nothing can happen before then because we don’t have approvals.
BB - agreed. A lot of companies started applying for approval knowing their product has no accuracy. Just to exploit the opportunity. Companies like GDR are now having to join at the back of the queue.
CE Mark was dished out to anyone who claimed their test worked. If you took your dog and said he can sniff out peeps with CV19, dog would get CE Mark :)
EE.. I don't think even DB suspected approval times to be backing up as much as this... It's like trying to leave a silverstone carpark after the race...mayhem!
You are spot on LB28
Good work safy and much appreciated... Not sure about the rampers comment though... If that's the case I've spiked myself and could of jumped out with well over 200k shares in the mid -high £2's... Many here were predicting £4-£5 until the placing put the boot in..if the approval/ sales process was much quicker and we were ahead of the curve instead of just behind it I truly believe £4 at least was on the cards... We hit £3 on sentiment alone and the Covid frenzy which raised many stocks not just GDR. Anyway good work and I for one am happy to wait to year end if I have to, to get full value here.
Safy - DB estimated approvals/sales by end of June. You're basically telling us he was out by 2 months.
I don't believe that. Deadline may have been missed by a few weeks but not 2 months. We're days away from getting news and not a month.
Those that believed it would go back to £3 after placings clear, believed it at the time so you can't really blame them.
A lot of us thought product would be out on the market early/mid/late June but it didn't happen. We all make predictions we get wrong. What you have just done is make a prediction too by saying not much will happen for the next month.
Phil
Exactly what my source said. So just further proves what we have written is factual as of the state of play now.
I know you guys dont know me from an internet forum bb. But hand on heart this is about as accurate an update you will get for GDR today. Anyone tells you any different is straight up lying / ramping, and i challenge them to prove me wrong.
I've really really had to dig deep to get this information.
Good work Safy, well done, good to know this information.
@safy
Don't forgot there was the ISO re-certification as well which may explain some delay in going to approvals