Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
The latest WHO update from yesterday shows that Genedrive's QMS Desk Assessment has been completed and the dossier review is in progress. From my experience, companies at this stage normally get a decision within 2 weeks.
Looking very positive. :)
Through my general analysis of different companies and their performances. The potential with GRL is very much up there. It has snuck under the radar of many, but I personally have a very strong feeling we will be touching the 40-50p region, minimum by Christmas.
Heard it here first.
As announced, gatherings are going back down to 6 people due to the recent resurgence of cases, which is likely to rise in the next week. We've been granted another chance and if everything falls into place as I think it will and we get the rightnews.
- A lot more tests will be needed more regularly
- We get the US and India approvals
- Beckman get goes full steam.
Really exciting race to the end of the week, really exciting indeed :D
Being doing some research in the last week about approvals. I've managed to find that one of the companies that just received FDA emergency use approval (Beijing Wantai Biological Pharmacy Enterprise Co) last week (10th July) put it an application for it around mid-May 2020.
Now I don't know if this is a confirmed timeline estimate for all companies applying, but depending on when Genedrive sent their application, we have a rough estimate.
I posted a week or two ago, regarding the psychology behind the SP drop. But seems eager beavers don't like to listen. "Ohh its dropped again, let me top up aahaha". How can something be sold if there is no one to buy??
Those who have invested pre-April have already made multiple bags from this, so selling at this point still leaves them very profitable. The only people with sand in our eyes, are those of us who jumped in after the initial rise.
The SP will not rise until:
- we receive an absolutely massive RNS
- those who bought pre-April have sold and picked up all the profit they want
- people stop "topping up"
This is like a bloody episode of Ozark lool. Fortunately Americans are corrupt and seem to love money more than the Native American tribes so it'll probably still pass on the 18th.
Not necessarily, just means Dodd has a very massive task to appease the Native Indian society. All you can do is hope at this point that he can pull something out the bag.
The hearing just finished now, so many calls in strong opposition to it counted almost 30, almost all Indians. Not good news :(
It's going to suspense anyways.
If I bough at £2 , i would certainly be topping up at this SP as it drives my avg. down and with everyone knowing and attesting to the great possibilities of GDR, I would be confident of recouping everything and more.
We have to realise the human brain and innate greed will make people do anything to get ahead. (Even at their own detriment)
I've been watching, researching and reading on the sideline for the past month with Genedrive. Seen various theories and explanations. Being a digital analyst with some experience in bevahioural psychology its clear what is happening with GDR and why the SP isn't rocketing as everyone would have expected by now.
1. Those holding the SP back are - Calculus, MMs and us investors
2. There aren't enough interested investors to push the SP past this current 150-170 threshold, therefore the MMs wait for a little buzz and excitement, we buy more shares when the SP drops and they sell in increments driving the SP back down. This has been a continuous cycle for the past 2-3 weeks. (Not helped by the placing either)
Solution: Although this is difficult, until most of you stop 'topping' up when the SP drops, the MMs will keep sweeping up every short spike in SP as a result and will keep driving it back down. Everyone needs to hold of long enough for them to get bored and move on, or to finish their current selling spree.
I believe only then will we see the sharp £2.5+ increase GDR should be operating at by now.