Member Info for Ctw2014

Very pleased with today’s fundraising announcement of £6m at a placing price of 23p, which is at only a very minimal discount to even the latest buy of 23.84p. If they successfully complete this, and it looks like they will, this is brilliant in the current market, in my humble opinion. Generally, progress on HCV sales is a bit slower than I had hoped and the timeline on the relaunch of the TB test is disappointing. However, great news that the US DoD programme has moved into a commercial phase and that we have received the first commercial deployment order for $0.9m of instruments and assays. It sounds like we might get further orders and better visibility on future orders as well. A significant unexpected bonus for us shareholders, I think, is the newly announced qualification under EIS. I am no expert on this but as I read it, this means that we will be able to claim a tax rebate of 30% of the cost of our shares, subject to conditions, as well as offset any future losses (after allowing for income tax relief already claimed) against capital gains or taxable income. That surely makes GDR more attractive for long term investors and, unless I am missing something, is equivalent to a 30% boost in SP (or, looked at another way, a recovery of at least 30% of losses already incurred) albeit subject to a successful claim for relief. If that is right, happy days!

Hi Isas. I hope you are right. We need it.

Something very odd about the trades going on here.

Last year we didn’t see the full year results until May, so I think there is a reasonable prospect of a trading update before the end of the calendar year, as we had in 2016 (though not in 2017). The figures for 2018 may not be overwhelming as we already know the H1 figures, but they will still be considerably up on 2017 and, more importantly the H2 figures will give a good pointer to 2019 and beyond. For me, rather than speculate on a particular revenue figure, I would rather focus on the direction and rate of travel. It seems pretty clear that we are now firing on all cylinders re production and that the customer base is growing pretty well. Break even may already be with us month on month (not for the year) and once the market sees we are at or near that level we should start the re rate imo.

Great dream Troy. Hope it comes true. Mind you, I would still be underwater at 100% up from here!

If those big trades are an II hoovering up shares at a discount (which I agree it could well be otherwise the SP would be down further) it’s a flipping con. You or I couldn’t get that price.

Ok, if you have experienced that, in this share, then it sounds like you must be right. Yet another smoke screen thrown up by the system to make it difficult for ordinary punters to follow what’s going on then.

Maybe they have been aggregated with other buys and reported in a batch?

But we aren’t listed on NEX?

Sorry £35.14k

That delayed £34.14k trade looks like another chunky buy, albeit at a pretty good price.

.... about PR and the Sp. Cant comment as in a closed period. Very helpful! So, we await the results.

Hmmm, a coupe of nice chunky buys this pm.

I have emailed the company suggesting that they do a trading update in December, like they did in 2016, but not in 2017. Will post if I get a response.

Costs US $13m - see interims.

I think they will have had to pay at least 50% up front or in stage payments for the ball mill to date so say £6.5m and if I am right the cash position doesn’t look too bad if you take into account increased inventory, reduced trade payables, and debt repayments.

To be honest Troy I think we are stable (at the moment) simply because there are damn all trades. The MMs have set the spread ridiculously wide which in itself will discourage trades. I don’t think they are interested at the moment as there are far more liquid stocks around in which to make their money. We dropped 7.5% on 21st September on the back of just £2500 worth of shares being sold, so I don’t think we can be complacent. However, by the same token, if we get good news we could move back up quite quickly. I keep reminding myself that we have some pretty big IIs on board here and they don’t seem to be going anywhere (thankfully).

It’s not the truth that’s annoying!

Nitbhav06 I agree with everything you say and don’t have a problem with contrary views per se. This is a forum for discussion after all. I would just prefer not to see past issues repeatedly raked over by someone who is not invested, sometimes with large dollops of sarcasm (certain earlier posts) bordering on contempt for those who dare to hold a positive view and accept a degree of risk.

....especially at today’s sp/market cap!