Member Info for GLR1990

Another 100K shifted this morning, 70K chunk there at 20;

Agree, BOD need to remember they are only valued at £2.4m MCAP

Actual cash and headroom as a percentage of market cap
Revenue growth and outlook
And if we have made a profit, then really headline this because at today's valuation zero profit is priced in so that would be a real game changer

Blue sky/forward looking statements on how we can get back to that £8m+ revenue and also ensure costs are mitigated so we can turn a good profit, my fear is the costs skyrocket with the revenues and it is all for nothing but we will see next week

Folks, and that all important word - profit

Agree those grades are superb and I did think production may be of the lower end when I saw the first update, still disappointing but I expect gold to trade around $2200+ in H2 so will offset the difference
Certainly looks like it has a promising future

Munch why are you invested? Genuine Q and I hope you are well

it appears you have a very large list of negatives and red flags, yet remain invested? Is it now an emotional investment where you cannot sell out, even though all of your own due diligence is pointing to further downside?

If I thought this share was destined to drop another 25-50% from here, I would sell up today, but I have my own valuation on what I think this company is worth and it is many multiple from here, regardless of delays and even if we do have to raise funds, the long term picture for me has barely changed

What if it is the Russian selling? It is clearly someone with a large holding as a few million has gone recently including a 1m chunk, so it's not a small time PI or group of PI's that is obvious

If it is the Russian selling than that is clearly no reflection on the company, and all of a sudden the sentiment changes because it is then clear to the investor base that 20p is a fire sale price due to a distressed seller (likely needing to move funds around because I am sure he probably has a lot tied up in Russian investments) 20-21p then becomes a huge bargain, we go into the next 4-6 weeks without a seller in anticipation of positive news from the BFS and a project that is critical to national security and the EV revolution

Talaxis took a huge chunk at 24p when the price was 20p, we have solid backers and very shrewd investors, not to mention a top BoD who have now taken this project to near construction and a valuation many, many multiples of the original price, yet it is suddenly the end of the world because we drilled another hill and 'someone' is selling

If we want to just look at the facts
We have a Russian TR1
Russia is under tremendous sanctions including investments
We have a seller who offloaded a 1m chunk only the other day at a fire sale price of 20p

As of right now the evidence suggests it is a distressed Russian seller so I have to go with that logic until further evidence is presented to the contrary

That is the question
And what investors are eager to find out come end of the month
If there be profit, then we could skyrocket sitting at £2.5m MCAP
If there are big losses, then its the same old same old, revenue is vanity profit is sanity
Increased revenues already confirmed so lets hope that hits the bottom line after costs were reduced considerably due to covid restrictions, what has come back faster costs or revenue... or both?

Suppose the big Q now is how will the company fare post Assynt
As a pure play cyber security business
At £4.8m MCAP be interesting to see how much cash is left, the disposal cash was intended for acquisitions as well as organic growth
Shame they never took a stake in OSI...
Regardless, I wonder how much admin costs went in to Assynt? Again be interesting to see as I have been mentioning EBITDA+ but not mentioning the whopping 700K loss in H1
Has this company finally turned itself around?
The CEO and CFO have been buying small amounts, nothing big enough to suggest good news is afoot however

I am all for exploration and expansion if you have multiple parties interested in your asset(s) as a matter of national security

Liquid Interim was 30th Sep so shouldn't be any update before 31st March as FY has just ended, would expect a TU last week of the month
Hopefully strong as per last post, if OSI is anything to go by it may well be, I am sure if a little 2.5m mcap company can strengthen its customer base then FLX can and they have a boat load of cash to do it
What happened to Solar Winds? Gone with the wind?

This is my take could be wrong
Cyber industry has never been better, so you can somewhat expect a strong TU and hopefully a much improved financial performance with a positive EBITDA
They have a lot of cash for investment so they can certainly look at more creative ways to improve the business
Market cap is very low, £4.8m take off cash maybe less than £1m so ultimately you are getting a cash shell / cyber business here for very little
Investors will want to see solid growth before they commit big amounts, that is the risk and we will see on the TU
I wouldn't get attached but if things do start to look better here you can certainly trade this for a 100% (1.8p would only be £9m market cap so not a huge amount if they can post a good EBITDA with low costs and conserve cash)
Director buys may be onto something
We will see...

definitely selling out completely, either fire selling or patiently waiting for a rise
83m in July now 77.5m probably shifting more as some more delayed coming through post RNS (give that 30 minutes to settle)
With volume they could shift 5-10m a day, 14% huge percentage wise but not an incredible amount cash wise £700K give or take
Have to hope that the TU this month is strong like OSI and can generate serious volume, but I suspect without a large buyer (Insti for example) they will crush any rise in the SP in the near term - ultimately FLX will not rise off the back of OSI, it would have without Amati selling but thats gone sadly - so only a strong TU and investor interest will kick start this
They do have a boat load of cash so if the EBITDA is looking a bit better £4.8m market cap is a pretty good price to pay
They have delivered nothing in about 5 years so history is not on their side but you never know the market is ripe

£7.5m MCAP post placing at £2m cash
At $1K per carat they are targetting 40K per annum, that is no joke
If they stick to production forecasts they may have hit over $3m USD in March, even if EBITDA is 40% that is going to be some cash generation so they really cannot screw this up with carat prices at their current price, anything over $600 per carat and I think this hits 50-60p+ in the coming months, if it stays at this crazy price you could easily be looking at 70-80p+

????

So much upside here if they get it right
£2.8m MCAP today at 14.4p bid, moving up nicely on small volume
Can they achieve £7m revenues and a profit in 2022?
I think they can!

Think somone just needs to buy these guys out
Orientgene just took over the ODX facility for 1m
Although not sure they would want to pay £20m+ here which is what we would certainly be asking

This is getting really stupid now
MCAP £15m
Assets around £8-9m (PPE)
Cash maybe £4m
So the underlying business is worth around £2m GBP
DHSC payment excluded as I am sure the SP will react if/when that is paid especially at this level
We still have customers, 2 new LFT's coming online in Q2
Vatic and Avacta dead in the water now at this price so 100% upside if anything ever happens there (I doubt it but who knows)

How do you know they are buys?

There's the 13p - only took a few hours
Crazy cheap when you look at the market cap, hopefully the TR1's are picking up the cheap stock, back to 15p would be nice and without the seller I suspect we would have been trading about 17-18p today

MCAP even at 13p is only £2.5m, could easily be another 50-100% from here

Will take a few days to flush all the 8-9p buyers from that large sell, 13-15p by the end of the week

Stunning update for a £2m MCAP company (at 11p)

Cash £1.3m, headroom over £2m
Revenues up massively to £4.5m from £2.8m

Stunning

What is the short % on this?