The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Sorry mcleod but thats all just naive blah blah blah..we get the business case thanks very much - its a case of whether existing SHs see the benefit as opposed to a private company buying GDR on the cheap or if the options are taken up by SHs what the risk / reward profile then looks like.
Hi Stocksaint - I wonder if there is more good news pending - I think its very possible because its normal course of business when you want money, do it off the back of something..I have therefore thought about wanging 10K in to this, but with the discounted offer I reckon there would be a tiny window to buy and then jump back out before having to take up your options. Overall I still think you re better off waiting but what do I know!!!
A lot of this is to do with Lithium being at the bottom of the cycle and less risk elsewhere that still offers decent returns. in short, no one is interested in this. That doesn't mean that it isn't interesting or something truly awesome can happen, its just why bother?? the money will come in for this on news and you'd still make a killing with much less risk. We're all on our half boards waiting for some waves whereas most investors will see the first wave or two and then realise "surfs up"!!!:-) its a waiting game.
Here is the worst case scenario which is a very real one. Firstly, GDR do a successful raise at 2-3p and get 3-5 million of cash in bank. SHs take up the offer and then....secondly the cash still runs out before they can reach a cash neutral or positive place in another 18 months which is an entirely feasible outcome. So you have more exposure, more risk and all to be in exactly the same moment having spaffed yet more up the wall. Methinks there are better ways to invest than in this crock. I personally think that the raise will only be partially successful and that it'll give 12 months to get a sell organised. This outfit needs 3 more years to get to a a good place and you investors need to be thinking 3-5 years. That's when you'd see dividends worth the value of your current SP. You all think like traders though aka what the share price is...sod that - you want an income surely??!!!! thats years away.
If this was supposed to be the good news that would make the SP soar with a raise off the back of it bad luck. Massive dilution is clearly on the way and there is no way on gods green earth you would buy now. The placement will land within next few days and no doubt they were waiting to see a jump before final offer. Unless there is more really great news about to land. Which there isn't. Or they wouldn't have to raise hahaha.
22Million at a weighted Average of 0.08 - I m looking for X10 on that because I'm A) greedy B) Deluded and living in fantasy land C) Playing the long game on a moonshot. D) all of the above:-))
I partially agree Pauly. Maybe worth considering that Bolivia want this to be a long term economic investment and its success will be dependent on clean lithium extraction. The reason it hasnt happened is cos they are red hot on environmental issues and Clon/next chem partnership offers something unique. Is it scaleable? I don t think Bolivia are expecting this all tomorrow as they want it to be viable LT. This is why we will have conditions and it may be a requirement to work with one of the Chinese or Russian firms in a JV. I think something good is going to happen but hard to say what. By end of year we ll know the trajectory. I have 15-16k in this and tempting to put another 2k in but its getting too much. This will be 0.5-0.7 by next year with a fair wind. If not then i ll leave it for Ghana Phoenix over the next 2-5years!
I personally believe Bolivia will go places. However I think any contract will have a bunch of conditions that will need to be met and that it may take a couple of years to meet whats stipulated in the contract. How that and a fund raise play out I don't know.
Pauly its a microstock and investors will lose what they can afford on it. Its rather irrelevant what the SP does unless you like gawking at the paper value endlessly. This is a long term bet worth multiples or nothing and everyone gets that so this sort of drift south is of no consequence or interest. A nice buying opportunity for those who want to to take a punt which is what it is.
I would agree on Ghana. It feels like they are spiting Clon for taking them through Court and i imagine they will continue to block. One day...and that would be some day.
Why buy when a discount is on the way for Shs to participate. The likelihood is that it will be a deep to ensure they are fully subscribed and to avoid the RF facility. If SHs dont take up their offer then it ll be weaker for longer with RF on scene. Lots if extra shares=excess liquidity until GDR can prove its timelines to break even are achievable. I ll wait personally but good luck no matter what you re strategy.
Such horsesh8t. Its taken years to develop the tech and in the meantime you re alluding to new tech landing in time for the BGT to consider whilst this new space age lithium laser extraction system has no timing issues of its own. You ve got the business acumen of a squirrels anus
Well you don't have much imagination. look at the batteries that are coming down the line for EV's and the improvement in tech that's coming. And guess what...all with Lithium.
I doubt it ll be quite that much Gloria. I do think 6-7m and always thought this would be a penny stock at some point. Thank fk i took a loss and sold at 18p way back when. One of my better decisions.
That said I'm going to lump another 1 or 2K in:-)
The only thing I don't understand is how the beauty parade combines with the lab tests. Obviously clonny are ochestrating things to bring to a head but how can bolivian crew give a licence to an outfit that has or is only part way through a mini pilot? I'd need to be needing to see the large scale pilot in place before making a commitment and the two don't seem aligned? Reasonable question I think.
This is a really great buying opporrunity and will multibag from here..PS systemzero is pointing a gun at me
Haha systemzero. classic zero:-:::-)!! how many low double digit bounces have happened before reaching the next low. Definition of madness is..?!
This will all be about the awful market for raising funds. The difficult markets and slow progress owing to pressures on the NHS and a general "its not our fault guys". If this was privately owned an entrepreneur wouldn't pay themselves more than a basic living wage until the business was profitable. As it stands in the 3 years of following this lot there has been 1m walk out the door on CEO comp and bens alone. How much has been raised to fund "GDR" in that time? What you actually have is a situation where the CEO will argue for a fund raise with the narrative all about runways opportunities contracts blah blah. The only reality is the CEO salary. RF dont kick up a fuss as they get cheap stock and they are effectively scratching each others backs...so its only Retail that are being treated like absolute chumps and charlies. At 2-3p tell them and their raise to Foff and make it someone elses problem. Why would you stay in this or give them a dime more is beyond me? the opportunity to be part of the GDR journey funding a business into a new market is gone. This is all about extracting as much from Retail into RF and Mgt so they can put the funding cost on you and reap the benefit themselves. Broad Daylight Robbery.
When the raise happens - Who holds the stock? RF will get to buy another load at a discount for circa 1-2p which I called months ago with a lot of swearing. They will own a massive chunk of Genedrive and then you'll start to see things happen over the next year or two. And before everyone says thieving nasty so and so's...RF Capital fund plenty of businesses that never manage to commercialise their products and so when they get a winner, it needs to be big to fund the losing investments in the portfolio. We don't know which category GDR will fall into. Much depends on success of placing as the last one was only a partial success. If this is underfunded then expect a sale and less value by end of year.