Member Info for Candid

At the time of the IPO a number of funds held 58.5% in total and management held 8.3%. I don’t think this has changed too much which means that with a total amount of shares in issue (only 10m) there must be a remarkably low free float. Any meaningful buys or sells will have an effect on the share price. It looks like there is/was a seller and this has dragged down the share price recently. The reverse will be true when supply dries up and buyers drive it higher again.
I still think there will be an oil deal related to North Sea/ Norway, lots of new deals have potentially emerged in H2 2020 and management are right in taking more time to assess the best opportunities rather than rushing into deals that were around in early 2020.
While I agree that a premium should be present for the quality of the team involved here.

Just noticed the discussion about Glenover and yes I also agree that this has high value particularly by the amount of work and money that has already been invested into this phosphate / rare earth project over the years. This project is in fact what GLR was originally founded on during the last rare earths cycle and we may see this emerge as a front runner. Worth remembering that GLR owns around 38% of the project while Ferminore owns the remainder. I think the long overdue Mining Rights is the real key catalyst here, a lot of work has gone on behind the scenes and in order to push any deals over the line there needs to be the Mining Rights in place otherwise no deals can really be finalised. Should see a big rerate on obtaining the Mining Rights..

Interest picking up here? Quick glance on the most recent presentation and they have quite a big portfolio of projects in copper, gold, uranium, vanadium and tungsten.
Perhaps from a strategic view they should sell or JV some and then focus on just one or two priority projects?

The Genedrive Point of Care solution is probably not getting enough attention yet.
It’s essentially using the Genedrive handheld unit to produce rapid PCR testing anywhere outside of the laboratory environment. I think this will get a large amount of interest and demand from the NHS as well as any business or organisation that needs to carry out reliable POC testing using a portable device.
As far as I know there are only a few approved ‘portable PCR’ solutions available such as the Abbot one, but it’s not really handheld (the size of a toaster) and US demand outstrips supply.
The Genedrive solution is due to launch in March 2021 so only weeks away? Testing has been completed and ready for CE marking which can land any day now, then the product launch in March.

I don’t think the Spanish rule of law is in question here. Everything is going by the book so far but It’s now being used as a political hot potato where we have strong environmental views on one side (likely based on much unfounded fears) and on the other side a strong case for economic regeneration of the area that will create a lot of much needed jobs.
Only today there was an article in the Spanish press that there have been 25,000 job applications chasing around 1000 jobs to be created if this mine gets the go ahead.

Have held these since around the 50p IPO, got a feeling it’s taken a while to clear out some pre-IPO investors as it kept dipping into any rise, today seems like a rise into strength, perhaps sellers cleared? time will tell, but this has certainly underperformed during the current crypto bull run.

Excellent news today and Beckman’s distribution will open this product to the huge US market.
Attention should also be focussed now on GDR’s second product launch which is potentially even bigger. The Genedrive® SARS-CoV-2 Kit for Point of Care (demonstrating positive results from saliva in approximately 15 minutes). Launch is anticipated in March 2021 and I believe this is still on track. I think we are likely to see an RNS confirming CE marking pretty soon and then a launch of the POC product.

A huge stake is riding on this final permit now, with the uranium sector recovering strongly and looking at peer comparisons with Canadian/Australian/US projects, this could easily be valued at £500m+ if approval is granted. That’s a share price in the region of 200p
On the flip side any negative rulings will see the complete opposite.

Am surprised this is not on more people’s radar, the pricing in USD probably puts some off, but this is the world’s leading uranium producer by a mile and they are just breaking out to multiyear highs, am holding this one for quite a while yet..

Rise on volume on the Madrid Bolsa, spilling over here too, might be something about the bill or approvals, follow the money in Madrid?

While it’s positive that exploration will not be impacted and will continue as planned, the deferral of the mine development is a blow, particularly the cost overruns that will now need new external funding. The question is how much funding is needed and at what price. Existing big shareholders should support this but they may require a good deal to cough up more cash in view of the additional risk

I also can’t see this, LBE are most likely well progressed in an oil or gas deal.
If you’re lookimg for wind-farm exposure then Parkmead (PMG) could be the one for you as they are currently evaluating this sector as part of a renewables strategy

If there was any suspicion of a drilling news leak then trading would be halted pretty quickly, so I tend to agree with the view of further selling by Lombard

M&A deals usually freeze-up when the oil price is too low and also when price is too high. One factor in deals is that it has been taking longer in 2020 “ the biggest impact on M&A deals surrounding COVID-19 is the disruption to the due diligence process. Physical inspection of properties, for example, has been challenged, leading to longer lead time in deal closings”
Nevertheless I think there are still ample opportunities to acquire assets, in 2020 there have been 100’s of oil and gas bankruptcies (and that is just in the US alone), the ESG drive is also effectively placing for-sale signs on many assets where large ESG sensitive companies want to streamline.
I think LBE are working on a deal but these things just take time..

Remarkably good value here, almost sitting at cash levels and only 10m shares in issue.
I still think it will be a gas related deal as this sector has huge opportunities at the moment and gas price recovered very strongly, but who knows it could be a deal in the renewables sector as well.

This could be the start of the much anticipated bull market, after a long 10 year bear market, the conditions are ripe for a major recovery. US/Canadian/Australian uranium producers and explorers were up strongly yesterday and breaking out to multi-year highs

One of the only commodities that has not yet moved higher and is about to enter a bull market.
If there was any sector that could potentially get squeezed much higher on supply then it would have to be uranium. The entire sector has just a few main producers who collectively are capitalised at less than a mid-sized US tech company.

Although the Mode bitcoin bank is a good prospect and should generate lots of retail clients, there are lots of competitors in this space. I think the real business driver will be the Open Banking payments platform via Mode for Business. If Mode can start signing up Merchants for this payments platform that will be a real company maker.

Am expecting news and commentary from Sandfire when ASX opens tomorrow, looking for any more detail and future plans for these prospects. The coverage should be good visibility to wider mining community who follow the big boys and possibly another kicker for GLR.
Oh and Happy Australia day to all you Aussies out there!

Don’t sweat on it guys, this will get back on track in the days ahead, the pullback is temporary and is likely warrant holders using this as an opportunity to sell into the rise and volume. (Warrant holders from previous placings have been exercising in recent months and are taking some profits, all as expected)