Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Still all deluded here. I don't care if this does hit 60p-70p, If it does it ll be entirely false anyway. Traders will lose. LTH at the right price will win. This isn't the right price. More funding required. Close to no sales will get reported etc. This was at 40-45 p when the raise was set at 25p so not even mgt give any credence to the share price. next raise will be lower still.
My comments are easy to explain. It's called 'irony' so lighten up folks. I can't think of a more inappropriate joke and a more appropriate place to put it then this board!:-::::::::::::-)
I think Mgt would be better served to close the pilot out post haste. It either flys from a regulatory perspective or it doesn't. At least you'll have a mandate for Investors whereas there is nothing yet for them to base a decision on. Finish the pilot - get green flag from FCA and then there is a business case. Running around market for investors with no clean bill of health won't cut it. Equally, the caution with all that has gone on is natural. This was always a binary bet and remains the way. Successful pilot = FCA thumbs up = investment. I don't have a crystal ball like anyone else so we'll see how it works out.
I am under the impression that this is a move to force the Regulator into agreeing a full return to lending so they can then attract the investment.
But then if you take up your rights its irrelevant as you say.
More likely is a crash in the dollar to drive up Gold. Personally you won't catch me investing in a singular mine again. All it takes is an operational issue, or a change of attitude by the Govt and you're f88877cked. Its a question of time as something always happens to put the boot in. Better off with a Barrick or larger outfit for obvious reasons. Good luck on this and likely to see £2 this year IMO.
I think this is on track to deliver. Your investments are likely to end up about the size of a nanoparticle.
I think there's actually a bit of background order filling going on. We'll see if there is green later today.
50/50??? I hope you lose every penny simply because some folk just haven't got the responsibility required to deserve money and need life to teach them. You are one of these people.
PoorInvestor - sorry but you don't half talk a lot of crop. You see things through one lens and never consider that BTC is just having a little dead cat bounce or that in fact nothing will happen in Ukraine this winter and come the Spring, the wat will kick off again and drag on for years. Love the matter of fact///"yeah it'll be over in Spring" lol!!! the real pain to the west is next winter not this. Wait for the energy shock that's coming.
Given the level of abuse I got I think I'll repost the below - Furthermore BTC will go to zero because it has absolutely no utility whatsoever. Its a self perpetuating myth amongst people who think they are smart cos they understand Crypto and the blockchain. Blockchain tech is the winner. 99% of what's sat on top is absolute cr@p IMHO
FrankyS1971
Posted in: ARB
Posts: 2,744
Price: 48.50
RE: Expectations10 Jun 2022 10:49
key is the mgt team. Easy to run a business when crypto is en vogue and everyone is making easy money. Now it isn't and the bear market could be a good year or two, until the Fed starts a cycle of quantative easing, likely into 2024. Look at the profiles of the exec team and erm. Are we blown away? No we are not. This will go to zero.
Cheap compared to what Chips? Classic error frankly. You can't look at the past and just go "oh well look - its cheap now cos the shareprice used to be much higher" NO. Can I ask what you think a firm that generates 50K IN A FULL YEAR of sales with a large loss and burn rate with little cash would be generally worth? Forget Genedrive and look at the financials. Would you buy into a company if I tapped you on the shoulder and tried to sell you this based on the balance sheet RIGHT NOW. Of course not. You re basing your opinion on what the speculative price used to be and the promise of it and nothing more. The Product and Proposition isn't working. Selling new kit and a new way of working into a bureaucratic cash strapped organisation is not going to be a success. It'll be years to get this moving. Everyone thinking NICE in Feb will make a difference - Jeez - trusts won't be hovering over the buy button on the decision, it'll be another full annual cycle, then it needs to be written into NHS best practice, then it needs a Labour government and some level of new money from somewhere before any real volume happens. We're done here.
Its reading between the lines that is interesting. ECB sites Crpyto as a hotbed for corruption (no arguments there) meanwhile out of the Fraud and Corruption running through Banks, 97% of it doesn't get picked up. Take Deutsche Bank - there are 1200 people globally running AML. This is a cost to the Bank and is never going to be something that they invest in. The FCA gets placated with a symbolic effort but the amount of corrupt money running through the city is quite frankly beyond yours or my comprehension. Therefore its about control of Money and nothing more which is why the crypto projects will implode and some of the blockchain tech will get adopted. Like the Dotcom crash not much survived but what did flourished.
I couldn't agree more Bruno!
But it won't be Genedrive Shareholders who get to enjoy the returns, it'll be another entity with different ownership. Possibly an MBO backed by PE capital. You'll love BUDD even more then.
I can't agree more Lloyd. Remember at the last raise it was under subscribed which essentially meant no new product development. This was entirely the right thing with the market effectively saying monetise what you've already got before asking for more. I can only imagine the bull**** stories Budd would have peddled down other lines, with a successful raise, but now he's on the hook for failed strategies and entirely needs sacking and replacing. The market would react positively to a change at the top, but that said no change will stop the NHS "computer says no" issue. Deep pockets and 3-5 years needed. It will be another outfit that eventually takes on GDR and monetises this in a few years to zero benefit of existing Shareholders. There are literally 100,000s of thousands of firms which eventually came good but there have been dead bodies left on the way. My Brother set up a firm and had to sell it for £1.00 to a massive Music Publishing House. About 6-8 years later that platform became a multi-million£ music streaming service. No good to the VCF that went through 4 rounds of funding for an eye popping amount. It often takes the market a long time to catch up to the available Tech on offer. GDR Platform will 1000% be a success but you won't get a bean I can promise. Its not a growth or value stock and if you had sense you'd take the hit and invest elsewhere surely??! I can see the argument that there might be a bounce on the SP when GDR is sold but you better be very good at calculating value and what the business is worth with no sales. The kit and the IP and some goodwill = ??
I think you can forget that - the full liability for redress will get used up without any doubt, so zero influence on SP beyond another administrative hurdle cleared. What is more likely, is getting sight of the FCA fine and investigation which I suspect will arrive in tandem with the closure of the scheme, give or take a few weeks. That is is the big one. Not that the FCA are going to obliterate Amigo but its just one more check box cleared. I think you'll see a steady rise into the 9-10p rise in the run up to the raise. As long as you take your options up, regardless of the deal and then sit on them for 2-3 years, I'd be surprised if you don't make good returns. Anything under 12-15p should see 200-300% return and who knows, by 2025 there will be dividends again.
Don't take your anger out on me. It's not my fault Genedrive are in a pickle. Channel it toward David Budd. who incidentally has fewer shares in this outfit than yourself. Any clues based on that you can glean??
I'm here because I hope that folks make better investment decisions and look for better value elsewhere whilst poking Budd in the eye. We don't all think like you Baserite. Some of us actually care about folk.
Sorry but this is a high price NOW. never mind legacy SPs and spikes. If you have a business that can't sustain itself then it's incredibly vulnerable. I can't pay 10 p for this because it isn't worth 10p. I'm not sure what it is worth. Not a lot if it can't be monetised.
As I understand, inbound enquiries are "very strong" and with the limited lending pilot, the ops teams are picking and choosing the strongest cases to work with. Much of the Ops Team have been sat on the sidelines and are now properly utlised so the whole vibe in the Bournemouth office is entirely different from where it was. The Risk Framework has been overhauled and already approved by the FCA so realistically, next year should be fun. Get the Claims ringfenced and then build the business up once the raise is done. If you can average down I would.