Member Info for Ctw2014

Looks like a 250k but, a 250k sell and a 250k misprint to me.

Should get a post year end update in a few weeks. I reckon it will be a good one.

Solid interview as usual. Let’s hope that sparks some more interest.

From a quick skim it looks like just a bit of a tidying up exercise and makes provision for reserves to be set aside for remediation etc at the end of the mining process. That’s my impression but I confess I gave up wading through it when my eyes starting rolling to the back of my head! I didn’t get the impression that this is major in the scheme of things for us, but if anyone has more patience than me, please feel free to elaborate!

Broken through the upper bollinger band and and the 150 MA and heading for the 200 day MA.

People buying in anticipation of field test news.

Smashed through the 25 and 50 day moving averages and heading for the 200 day at just under 1.8p and that is just for starters.

What’s with all the duplicated trades? Weird.

Bright!

Ha, so that £2k sell was from 08.12.11 on the 24th but it took 5 entries to get it right!

And, whilst one II has sold out (as they have with other small caps as I understand it) it is clear that others have been quietly mopping up cheap shares sold by twitchy PIs. This is a hold for me and if I had funds, I would be topping up at these levels, but each to their own and DYOR etc.

And what sunk the share price was the well known pit wall issues following a record level of rainfall during the last wet season, which has now been resolved.

Not sure how you arrive at your figures Lurker, but ‘intangibles’ are only $69m and have a value despite the label. The biggest net asset figure is $140m for property plant and equipment the value of which is readily ascertainable and is only ‘sunk’ in the sense that it is money spent, not wasted as you seem to imply.

Sixteen buys in a row (despite the 20.9 buys being shown as sells) before the sell this morning. Not bad.

Correction 2020/2022

We knew that there would be a net loss this year ($12.8m) but we have cash at the year end (including loan draw down) of $21m and the forecast production over the three years 2020/23 is encouraging at 130 - 145k ozs at an AISC of $800 (compared to the original forecast of 107k pa and actual production in 2018, affected by the historic pit wall issues etc, of 91k). Forecast for 2019 is a decent 110-125k ozs. A challenging 2018 but a promising future imo. Net assets of $130m compared to a market cap of just £52m. Poised for recovery I hope.

Yes, as you say, we could get updates on the WHO pre qualification process and the FIND study anytime now. As you will know, important though WHO qualification is, it is not necessary for the short term market priority of private labs etc. It could be that by the time we get a trading update after the year end on 30th June we will be able to see that they have a) achieved further in country registrations over and above the unitial 11 and maybe even all or most of the 30 targeted; b) delivered the anticipated 25% growth in revenue/income for the year; and c) made some significant progress with commercial sales of the HCV kit which they expected to start doing by the Summer. Who knows, maybe we might even get a further order from the US MoD, which they were expecting in the ‘medium term’. A combination of all these factors could bring sufficient interest in this share to trigger the trend reversal we need in the sp/market cap. It will happen sometime soon imo, but as ever, pl DYOR folks.

Hi Troy I don’t personally think there is a large background seller. I think what we are seeing is normal market mechanics in a depressed market and a thinly traded share. Imagine you are a market maker and you have a few buy orders to fill. Given the share price performance over the last year or so, what are you going to do to find the shares to fill those orders? Putting the price up will most likely promote a few buys exacerbating their problem. Much easier to drop the price further to panic a few more PIs into selling and bingo, problem solved! On the other hand, if there is even a small surge in buyer interest, they can widen the spread and move it up quickly, knowing that some will sell into the rise and provide the shares to fill their orders (just like they did in January). Then, once the spike runs out of steam they can simply walk it down again. Rinse and repeat. What we need, of course, is a catalyst significant enough to promote a genuine trend reversal, rather than just a temporary spike. Hopefully, that will happen in the relatively near future now the HCV test is being actively marketed in multiple countries and we have the prospect of further sales to the U S MOD for biohazard testing. Longer term, of course, we have the tests for TB and antibiotic related hearing loss in babies. As the Hardman research interviewee said, GDR is at an inflection point, so hopefully patience will soon be rewarded here. GL.

And my post doesn’t get edited! You have to laugh. Probably get me banned that.

Yes, it’s a bit of a mystery. At least there were more buys than sells. Long may that continue.