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We seem to have solid support arroubd the 59/60p mark. I expect it to bounce around here for now until there is material newsflow. This will be much higher by Xmas, but I agree it has been bad communications from the company this year which had led to the drop in SP.
The company does need to get a move on, gicen how close we are too xmas. Even I was the opiniin we should have had at least one trial update by now!
Been busy "topping up" Bigbench :)
"just know for sure how much of failure of PCR product to date was due to the CEO/management or just things outside GDR's control, like regulatory approvals"
What a load of nonsense Stars. Why blame regulatory approvals, when they were approved to sell in the EU, SA, Thailand, India and still never sold a bean? You are talking Budd's book there. He kept pinning the blame on Indian authorities for the lack of ICMR approval, but as soon as it landed he was quick to set the expectation of 0 sales with his BS on the pricing controls. They still had plenty of other markets to target in the meantime but didn't, so please don't use lack of FDA or WHO as an excuse.
That's because they were already selling in the UK, so far easier to pass the new regulations. Not the same for Genedrive is it, because our glorious leader chose not to target the UK market during the pandemic, chasing the American dream. All current labs will stick to their existing suppliers like they have done for the last 18 months.
I'm aware of NCYT's LFT test, but the point I was making they are gearing up for the next big market as PCR is phased out, whilst Budd decided to go with a POC test with no evidence of demand.
Dr long you might as well give up being mystic meg, it was not long ago you said the SP would be 30p bybthe end of the week. One minute yiu're saying DB cannot be trusted and is a failure, the next you're saying he'll pull something out of a hat? Make your mind up.
Where does it say PCR will be in demand again? Stop making s*** up. If you didn't already know, NCYT have a LFT test and £90m in the bank. And they actually sold something during the pandemic, meanwhile GDR just did 2 fund raises amd 3rd one looming.
And Trickymatters hasn't shown up all day, despite her non stop ramping abuse and namecalling. De ja vous of exactly what she did on the GDR board along with the other rampers, and dissappeared after the drop. She most likely sold out while keeping the ramp going, and leaving the innocent ones holding the baby.
Stephen, Carlos those still promoting Budd are paid rampers and employees of the company, trying to protect their roles. Even a blind man would say Budd needs to be voted out.
Tricky is probably sat drowing her sorrows, but i have no sympathy for here. She deliberately mislead and pumped on the GDR board, namecalling and abusing anyone that dared suggest things may not be as rosy as she was making them out to be, and then seems to have done the same on here. I'm sure she has been trading them both whikst claiming to be a LTH, but if she has lost, then she deserves it as a lesson.
Phil yes it's an EGM, but i'm pretty sure it can only be called by a SH that owns at least 5%. No one on this board owns anywhere near that amount, apart from the likes of Bigbench, Bigwalsh, C***Walsh and a few of the others lol
Anyone seen TrickyMatters today lol.
Another carrot dangling company suffering a horrendous drop today. Anyone remember our resident MBA holder Trickymatters, ramping on here before moving to ODX to make up her losses? I hope no one followed her advice.
I am not short you plonk, i lost alot of money on GDR and was trying to warn new investors about the state of the company, whilst others including Tricky were trying to ramp them in that pile of s***. She then sold up started pumping ODX and even tried to lure investors over from the GDR board. Just look at her posting history you fool.
Sorry for the holders here, another carrot dangling company like GDR. I hope no one took advice from Trickymatters who claims to have a MBA, yet pumped GDR and lost and did the same at ODX lol.
Risk how do you make the cash at hand at £12m? The accounts are showing £7m, plus they will need costs to CE mark and launch the POC kit alongside the £500k a month cash burn. They will thereford need to raise again nect Summer, assuming they get no meanigful sales on POC, which is looking difficult with the new regs in place. You are right though they will need BIG sales just to keep the lights on, let alone make a return for shareholders. £6m a year to run what is essentially a university research lab is far too high. As someone stated AIHL will take years to come good, not months.
"not sure the board can be blamed for not being able to unlock the geology to be fair.
They have had baker hughes there to help so not any better company to have. Plenty have now tried to crack the drilling but its proving a tough nut to crack."
TSB how was that new news to the BOD or anybody? Georgia has always been tough nut to crack. Oil exploration in Georgia is well documented and virtually every operator has failed and many went bust, they didn't need to blow £20m of investor's cash to find this out. What made them think they would crack this, when all they were doing was re-entering old wells? They weren't exactly attempting to explore with some new exploration technology that had just hit the market, in the hope of a better outcome. It is pretty clear this outfit was setup to raise and funds, and afford the BOD a luxury lifestyle. None of you have any idea how much of the BOD have profited from back door deals. For £20m they couuld have bought a revenue generating oil exploration company,a nd grown it organically rather than mess around in a water field.
Staylong you're talking out your backside as usual. It wasn't a pump and dump. The fall is due to management setting expectations, then not sticking ti them, people get bored and sell. The market is not very liquid at the minute, so any sell causes a big drop. How many times have they revised guidances already?
Q4 was meant to have been a news rich period and still is as confirmed by the company, though given we two thirds in without having recieved a single RNS, some don't think news will land so are selling up. They are assuming the guidances will be revised again, but i think they have played a dangerous game.
Anyway you can buy your shares back now, so stop being bitter.
"Think you need to do a bit of research,if by any mis-chance they get their grubby little hands on this company, then it will be goodnight Vienna."
Rpg7 it's no different to it how it is now is it? It's been good night Vienna here for a long time, unless you think raising millions in funds every year and p****** them up the wall is a good thing. That is all this board are capable of and will continue to do so until it goes bust. At least the concert party would have shown where all the money has gone and exposed the BOD for what they are, and bought some sort of closure for SHs. You all had your chance but thought AJ was here to save you, so take it as a life lesson.
It is about time we got one too. The long term holders have been suffering from the radio silence here for the best part of the year, so deserve an update. Their investor relations has been a disaster.