Member Info for DRB83

Agree with that HarChris but would love to know what the naysayers are thinking may happen and importantly the logic behind their conclusions.

Yes agreed HarChris.

B2, I seriously doubt DA will be attending any of these trade shows. Possibly one of the local ones. I would much rather DA be working with the strategy team and building next years budget. Then I would expect him to be selling the potential to the II's. I do believe the dispute is partly responsible for the lack of Comms and the doom & gloom around the sentiment. Unfortunately, we shareholders have to be extremely patient.

You have to believe that the Comms will come. However, there is a timeline to when that belief will expire.

I certainly don't/didn't support GM by then end. I believe GM had many flaws, communication was the biggest. This doesn't make him a fraud and quite honestly you have no evidence of anything yet so it is all speculation you are spouting. Brandishing rumours about ncyt being complicit in this government scandal is not going to help your investment is it. Imo, the problem was GM and a couple of others and the dispute. One of those have been fixed. Hoping to get the other fixed soon.

Vas, if your boss said "I want 20 boxes making up by noon", you say ok. He checks in at 10am and your on a coffee break. He says "you look behind, are you still in target" you say "yes boss, no problem boss". Noon arrives and the boss calls in "where are my 20 boxes?" You say "You will have them on target by next week" what does your boss say next?

Yes Istie, must be the case. Just frustrating that they can't get the wait times down.

Good call on the first sell. What is it you are expecting to happen?

That was and still is the plan. The dispute may have put a huge wall up to any acquisitions. If we had received the 2nd contract we would be mid cap now imo. It all hinges on the dispute. We'll never know the true extent of the impact caused by the dispute but imo it's billions.

Just another observation. If GM was dirty in any of these government scandals would he risk it going to court or would he bend over backwards to reconcile the dispute as soon as possible. His inexperience and character got in the way of good business sense and it cost him his job imo.

Each point can be explained through a contrasting pair of spectacles

1. We won a huge contract which was many multiples of our previous reported revenue. No hype necessary. Having said that, we (you) are attacking the company currently for not hyping it's performance so a little contradicting.

2. My understanding of GM was that like ncyt he was small time when the pandemic hit. Dealing with the DHSC was his largest contract negotiation that he would ever have taken on. In hindsight he may well have done things differently. Any loop holes in the contract could just have easily been there as a result of naivety or inexperience, not necessarily corruption. Also, who is to say that the protection isn't there, in the end if we win then that will prove that the protection is there. Only time will tell.

3. GM's approach has always been as far as I know to 'not hype the market'. Not great for us during long periods of silence but hey that was his approach. I believe he was a conservative person and it would take alot for him to express excitement especially in a RNS.

4. He possibly made mistakes in his approach with the dispute and was unwilling to relent from a very firm stance. This proved not to work so he was ousted from his position. Maybe that was just him, not necessarily a bad quality in a person but didn't do him any favours here.

5. This happens.

We can't say for sure if the Directors are currently barred from buying shares or do they themselves appreciate that when it comes to legal disputes nothing is certain and therefore any money they pile into at the moment is risky.

As I said earlier. Ncyt went from pence to pounds in a short space of time. A reflective bonus was always going to be on the cards. It is very likely that the LTIP wouldn't have accounted for such an astronomical rise in the business that Covid brought about. All my perspective. Not saying it's right but it might not be wrong either. We just don't know, but a lot of people are jumping to conclusions.

It was a huge government contract that lead to the SP rocketing. The director buy was a tool available to Mullis to use if he so chose. Yes it would result in a further increase but most director buys do. It's hardly unusual and a bit of a leap to call it dodgy.

At the end of the the SP went from pence to pounds under GM so as is the case with most performance based bonuses a pretty big bonus was always going to be applied. Again, rightly or wrongly this is how business works. All of the richest people in the world are business people.

What's the reach of this Private Eye thingy Majid? Are we talking same level as Sky News or even Daily Mail. Maybe Yorkshire Post or Look North. Sorry never heard of it before.

If the government were willing to pay the price they paid for our tests and equipment it's because they couldn't find the same quality or quantity for a better price if at all. Therefore, supply and demand dictates that the price they paid was the the market price at that time. If the gov then wanted to secure that supply over a long period of time they have to sign a contract otherwise they risk other nations coming in and taking that supply. This is business. The market drives the price, supply and demand drives the price.

Apple and Google sell a whole range of varying products. Some will be high margin in low volumes, some will be low margin in high volumes. Impossible to compare the demand and supply of products required in a battle against an unprecedented pandemic Vs Apple TV or Gmail. Rediculous.

Imo, if you want access to the latest best in class equipment or products which are currently in small supply then you pay a premium to get to the front of the queue. If you can't make a profit from a pandemic then rightly or wrongly a large number of businesses just wouldn't turn up, meaning slower development of products and processes, smaller supply, worse pandemic. Simple economics really.

Let's also remember that those profits allowed us to contribute handsomely to various charities around the world, so if you are going to pull out the profits as profiteering then you have to pull out the charity work we did with those profits. Can't have 1 without the other.

Fair point but I would think there would be high levels of regulations to ensure the sample companies remain objective in their findings and therefore can't be easily manipulated or 'bought' if you know what I mean. 3 months is just getting rediculous now. Why aren't the sample companies reinvesting their profits and growing their capacity. Isn't that what you do when you have a growing waitlist, otherwise the competition may just come in and swipe the business right from under your nose. Mind boggles

I have often wondered why an exploration company such as UFO don't acquire a sample testing company. We can the obviously prioritise our samples over others. Is there a rule somewhere that doesn't allow this?

My understanding Smiller is that the drilling you are referring to is the infill drilling which along with the diamond core drilling is required to progress the MRE to indicated from inferred. The rest of the drilling is what will contribute to growing the resource from 10mt to let's say 20mt+.

The target consists of 2 elements. The number of stores and the time frame. One without the other is pretty meaningless so it has to be assumed that Chill believe they are still aiming for 10k stores by May22. Ambitious given performance to date. Achievable given the potential they are showing. We'll know if it's doable by end of year.

Dunc, you can't be sure so you decide to go negative. Not like you that. Were Roche and ncyt in comparable positions back in Jan 20?

Chris2, today's iron price insignificant. Overruled

Thanks Billy. 500 stores per month was achievable before Viridian and Rhino so 7000 in 7 month. Why not?