Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Put aside the arguing here, the if, buts and maybe's. You can sum the problem up with GDR in 5 simple words:-
They Do Not Sell Anything!
If you are genuinely £100k down I understand better why you are trying to remain upbeat. I equally understand those who find it difficult to be.
System - the share price is 4.88p and looking as if this could easily fold and you have the audacity to call someone a tit followed closely by 'all looking good here'. You appear to be a Dolly Parton sized tit.
We do realise you are a troll - nobody could be this silly thinking this is doing well.
Nissan why are you even posting that link? We are hardly going to go. All it is saying is GDR are wasting even more money on yet another day out. Their only concern will be how good the lunchtime buffet is going to be.
Not been on for a while as there’s not much (other than continued blind optimism) to make me smile.
It looks as if those who called 4-5p are still being criticised by those who called ‘minimum 40p’ by the end of most weeks. Strange behaviour indeed.
Anyway, last I heard GDR said they needed funding by the close of Q1 and I am assuming this has been announced thus the collapse in the share price but can’t find anything saying how they raised the cash? Anyone able to point me to it please?
Of course he is your favourite poster Nissan as says just what you want to hear.
All you tell us it that its going to rocket! Maybe the share price is the countdown to that launch 10p, 9p, 8p, 7p 6p ......
The only babies tested is those requiring the antibiotics to ensure they will not have an adverse effect of their hearing.
Next people will be saying everyone in the world will need to take a Covid test even if they have no symptoms which will generate millions in the GDR tests being used.
You are doing it again Nissan ie making it all up. Probably at 3pm you will say it will be £1.23 then by 4pm say you would settle for 30p.
Most worryingly Professor 3 people gave his post a thumbs up. They are as daft as he is.
Probably not a million miles from the reply I would expect. When challenged - just be abusive!
System you have totally ignored what the CEO said or more to the point filtered out anything you didn't want to hear.
If you are invested I would imagine you wish it was only £50! Anyway thanks for the constructive reply. Have a think about why they won't need to raise and then come back and let us all know. Actually email GDR (know you like to) and let them know to as they will probably offer you a really good salary if you can work wonders which mean they have more than enough cash to operate.
If nothing else, you make us laugh in an otherwise fairly miserable world.
03.01.2024 - System 'not sure we,ll need a fund raise'
There we are he even knows more than the CEO who has seen the audited accounts.
He is either a troll or just very dim (System not the CEO that is).
Although you don't like what Slacker says he is correct. They are using those £300k payments to keep the business going.
I don't understand what part of 'WE NEED TO RAISE FUNDS BY THE END OF Q1', said by the CEO himself, just last month, people are not understanding.
We have System saying 'maybe they will not need to raise now' and others chatting about how the cash runway is in good shape. It's not as they still have sold nothing of significance.
To anyone who reads the posts on here (both positive and negative) please do not buy or sell off the back of them as none of us know the true position. Look at the financials for last year and the year before as a starting point. Look at what 'possibly' may come to fruition but take no post as gospel. Most (not all) are sitting on huge losses and will say anything to try and mitigate this in any way they can.
And that one word makes all the difference Bighammer ie hope.
Too many on here speak with absolute authority and tell us it 'will' be this or 'will' be that.
Nothing wrong with someone having hope (System and Nissan live off it) but everything wrong with someone giving certainty to something they have absolutely 0% of knowing will happen.
And also lets remember several of you were on here saying 'this will be 15-20p' as of the close of play last Friday.
Fair enough get frustrated with those who don't post the continuous flow of positive spin but do take a step back and ask yourselves if you are not just as bad with your overly optimistic ambitions.
Despite the CEO saying 'we will have to raise funds' some still chose to ignore it. Just because you chose to ignore things it won't make them true. The RNS's have shown a glimmer of hope but as yet none have said they have sold anything just that the search to try and sell has been widened.
Just like this board needed more System's and Nissans!
Check out the ADVN board - I am afraid Harrizma is even worse with the usual nonsensical mumbo jumbo than we are already subjected to.
I swear if the CEO sat face to face with some on here and said 'we have run out of money and the door has been closed' they would say 'he only said the door was closed but didn't say it was locked'!!
The bloke said they are running short of cash and need to get some from somewhere and still its being twisted by some saying they have enough cash for months.
Once again so many will have no doubt been spiked today.
System: ‘things are going in the right direction’.
And some really believe he’s in for £100k. Ye right - he’s a troll and gets off on trolling.
Financial Highlights
Loss for the year of £5.2m (2022: loss of £4.7m)
R&D spend of £3.9m (2022: £3.9m)
Cash at bank of £2.6m (2022: £4.6m)
'I post Facts and reasoned calculations'
BigAl 27 November 2023.
Goodness I hope nobody new is looking at this!
Call us out? No, all you do is call people names.
Isn't it wonderful how in BigAls world everyone who doesn't share his deluded view is wrong! Imagine living or working with someone like this.
BigAl with your arrogance, lies and insults you deserve to lose the lot and in reality probably will!
You (and nobody on here) has a clue what their finances look like. The fact they are borrowing would probably suggest they are not looking great! Who uses their current account overdraft when they have plenty of cash!!
This is a perfect example of ‘I want to see only what I want to see and hear only what I want to hear’.
This may come good but at the current time it looks unlikely. No business survives without sales. It’s not possible. You simply cannot keep borrowing and on worse and worse terms and think you will survive.
So many in here are like those on Dragons Den who have mortgaged their homes, borrowed from banks, borrowed from relatives and told by 4/5 top class, world class business people ‘stop, just stop’ but then as soon as the lift doors close are filmed with blind faith saying ‘we will show them’ - never to be seen of or heard of again.
At the end of the day optimism is good, blind optimism is costly.