Member Info for DD77

A ridiculously wide spread here and some very unusual trading patterns............a number of PMEs late in the day. It does appear there is some upward movement in SP occurring though

I wouldn't want to be out of this at the weekend! :)

Doesn't make great reading.............however very much driven by the weak Kwacha vs the US dollar. Hopefully this is a low point but it really depends upon Zambia resolving their foreign debt situation

The legacy of Woodford still lingers here, with Invesco cutting their stake further. I think they will probably exit completely, so we may still endure some pull back on the SP

It is of course an important milestone and validation of the strategy. Bear in mind the company still only has a market cap of £48m at this level. Obviously there are a lot of future milestones to achieve to even justify that, but if people look at the analysis I did following the investor presentation a few months ago, realisation of their plans will see the Mcap many multiples of here.

It should be remembered that this SP is only this low because of the much famed Neil Woodford. He owned 40% of the company and the fire sale of his assets meant this fell dramatically. We’re really only seeing a partial correction. GLA

Not looking good here! ??

Looks like a bit of pump and dump here. Been following for the past year and was very pleased to see the potentially groundbreaking news reported yesterday. I’ve learned by now never to buy on the spike! Will continue to monitor now but will be looking for an entry point in the coming months when I can free up some capital from elsewhere. GLA

Yes I agree, the consolidation is a good thing. Am looking forward to 2021

From someone who first invested in here at £2, I don't think I ever thought i'd get excited about it hitting 2p! However, it feels there's real momentum here. I have sunk a significant 5 figure sum in here over the years, and my average is still much higher at 7p, but it does feel like that is potentially achievable in the future (notwithstanding the forthcoming consolidation)

Someone's buying because there have been plenty of trades the past few days, which is unusual for ZAM

Had quite a run since vaccine news...........good to see it in the £3s. Long way to go mind, but positive all the same

@Badmashy, are you sure? I recall it being £8million of share options in the presentation..........you're right that it shouldn't be classified as debt of course

One thing i wasn't aware of is that BGF have £8m worth of share options to convert, which will knock the SP at some point

That was my understanding Matml74 but will it have widespread use? There's a cost to it so not all healthcare providers will take it up. It wasn't clear whether they'd already factored this into their calculations and whether the £30m was conservative estimate or the total market

I think one of the key issues here to come out of that presentation, which is often overlooked by iis, is that it's not enough just to have a covid test or approvals. You need distribution partners, which GDR don't have in Europe (as Budd admitted). That's why their focus was elsewhere, in emerging markets (India, Africa) plus the US where they have relationships already. GDR isn't setup to do direct selling so this has always been a challenge.

Just putting some perspective into it. I'm sure they've been looking at European distributors but also working directly with Health organisations, one of which will hopefully come to fruition shortly. WHO and Indian approvals shouldn't be far off and they'll look at selling into US (will be small) even if they don't get FDA approval in the short term

Nice to see him answer the question..............doesn't appear a huge market though, although they believe £30m is possible which would be significant. I wouldn't expect them to capture all of that though

Not really fobbed off, he admitted they basically messed up originally but dialogue has been difficult. Anyway, that's all in the past........he expects authorisation in coming weeks

Nice to see a slide on this, so we know what to expect

What's the size of the market though? I expected him to cover this, so i've asked the Q

Yes for sure, and my post is by no means lessening the investment proposition of VLS.........it was more to bring some realism on a couple of issues. I think VLS holders will do well in the short, medium and long term. I'll be looking to add further along the way. All the best