Member Info for foolsgold07

I have been informed that the joint venture is complex as any dealings are with large companies hence no current update.

It would appear commercial terms are still at a delicate stage.

I don't really see the problem in the medium to long term.

...alternative option to regulatory approval

...assistance of the FCA in achieving those objectives

...pinset mason to ensure legal formalities are covered..

...another month or so and they will probably have full sandbox approval.

The overall consideration is that Gst and its directors are totally professional which gives me

The most confidence that objectives will be reached

Mcap only 3.2m ..contract win nearly 50% ..

Revenue streams likely to be 9m plus...

AR will get filed.

Expect significant rerate...

Whilst the last few months have been a horror story for the retail investors the one saving grace is that if you believe in the longer term viability of the business then even allowing for bond holders conversions the current 10m mcap for field assets that could last decades is ludicrously undervalued.

Over the next few months there are plenty of catalysts for a re.rating as highlighted on these boards.

We could easily see a 300..400% uplift in a day once good news lands..for now just sit tight.

Maybe commercial terms on jv are close to a conclusion ...must be soon now

True to form a significant drop on spreadex holdings notification

Holdings rns ..increase in holdings..

Not great ...shorters paradise..

I hope not ..maybe they can sell long for a change

The above was stated in the operations rns of the 20th April.. nearly 2 months ago. We are over due diligence period ..this must surely be very close now to cementing a deal.

Spreadex involvement hasn't helped here...

Generally whenever they are present they are mai ly for shorts ...

This would be significantly higher if it wasn't for those shorts ...Once closed we should see some real movement.

Tech stocks are getting hammered at the moment..decline in share price is just market sentiment...longer term and with new imminent

We should be ok

Doesn't inspire confidence for lths...

This was 25p just a year ago.

Maybe if you in a 3p ok

I note that we have had no commercial or corporate update since the 17th Jan.. 1 week after the placing, yes we know the Financial position but what developments have there been

The old adage buy on the rumour sell on news applies.
2nd quarter within budget but not likely to be spectacular hence reason for little movement and no volume.

If we are close to sustained commercial revenues or even a joint venture or rto then all is not necessarily lost.
Next rns on trading position with some substance on balance sheet will be key.
At this mcap the upside would be substantial if they pull the rabbit out of the hat.

I suppose a key factor is how close we are to turning R&D into a commercial contract (just 1 contract).
If we are close then maybe all is not lost.
In some respects the rns wasn't a surprise as cash was always key here and existing sources of income were always going to dry up.
It's not dead yet..and some investors still have faith as we can see from the rather large number of buys on Thursday.

Ceo statement ...currently negotiating a rig contract.
This sounds like we are close to contract completion.

That's some discount on the placing..painfully..
Still opportunity to top up

There comes a point for any investor to question the above and time is fast running out.
No commercial contracts ready to sign or evidence of intent by the next rns and were dead in the water.

Mms need to tighten the spread to increase activity..