Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Hn120 (put a lot of effort into that name,,, good job)
You appear to be having some public meltdown.....you alright bud?
Errrm, so go through my posts and point out the parts that I am defending GB please,,,, I'm just pointing out that Muggings, just got lucky it was always just a 50/50 (we should all remember his SP production maybe yes but the rest of what he says is still just unproven options) coming on wallowing in so e self proclaimed glory while other people have lost lots of money = the obvious...muggins is a twat!
Muggins is a twat! Not GB is great...Big diferance!
Wow! OK let's keep this simple, we might need to brake this down into two questions depending on your "I'm a wonna be MP that can just constantly swerve the obvious" approach.
When you are calling others out on here for misleading, GB is a conman etc. I, and I'm sure everyone finds it very relevant if you, yourself has been doing the same..
So, question one, do you still own shares in DVRG?
If answer to question 1 is no, when did you sell your shares?
Very simple question, silence speaks louder than words, diverting the simple question also....just hold yourself to the same account as you hold others and answer 'honestly' the darn question!
Muggins,
Take a look in the mirror! You want apologies for people speaking their mind...errrm, you have always been pretty good at doing that very much unapologetically! and why not? That is what these BB's are for.
You call GB a conman yet claim to be an investor that still cant answered the simple question, when did you sell out and still claim to be investor? Who's the conman? or are you still invested in this company you hated for so many years?
You have worked hard for this moment we all know, week after week (get a life!) and now you get your moment so enjoy! You are Aaaaaamazing!!!
But to gloat in everyone else's misery, being some selfclaiming king, now come forth and apologise.....just reminds us all, you are a sad lonely twat! Xxx
If you think the great big man is working for your best interests then you might as well move to Russia and be done with it.
The guys will do and say whatever works in his favour...and so long as he has his band of merry mugs thinking he is some AIM messiah, it's always going to work out successfully and very profitable for him.
TW is the biggest crook of them all.
It might well go to 2p on his 'rumour' and then you will probably see some big buys that are his!
You think he gives out his amazing inside knowledge (that is wrong as much as its right, shares either go up or down, pick one at random and you should get it right 50% of the time, not hard) all out the kindness of his Hart?
He would have shorted DVRG and looking to maximise his return.
Yes, looks like we have a fairly solid 7p as a launch pad.
Re the possible Avacta tests coming ABDX way, Taiwan order etc a feeling some Ducks are lining up in the background nicely??...well hope really I guess.
I'm sticking to my gutt feeling and hope that November could be good month here.
I agree Vascular but DVRG has only been this cheap for less than 24 hours. To get necessary Bod meetings, agreements , strategy and funds in place for a takeover will take anyone interested some time to get in place….but watch this space, DVRG are certainly sitting Ducks for so it’s defo on the cards, let’s see if it’s to tempting for some to turn down.
Yep, they have tried to work in the background and get it all sorted while still spinning all the plates but, news got out and it's resulted in them playing all their cards to Joe public and everyone else. Now everyone knows their hand before the round has played out...not a good spot to be in and you would hope (but doubt) a lesson that honestly is the best policy has been learned.
Still, I'm interested to see what happens now as this is a first for me (after 18 years investment exsperiance) as.... Its very obvious whatever you think of GB etc, that all the different arms of this firm, the data bank of lab skin alone for example, the £18million turnover! DVRG are worth much, much more than the current Mcap, get the admin auditors in? What will they do with that data? You need to be in the game and know what to do with it for it to be worth anything. Everyone loses by winding this up so I think its a who blinks first situation.
As I said earlier, too much money has already gone into this by too many organisations and too close to it all paying off for deals not to be made at this stage.
The II's already in the game could try and take advantage and fill a placing for a big percentage but at such low levels they are also over killing they own original stake.
I just think GB needs to find (maybe) 500k, surly not that hard get a loan to pay the loan if needs be, clear the instalment and scale back the expansion (if no-one is willing to fund it?) frustrating but clearly what the market would prefer.
Maybe I'm a little to innocent at times but to counter ballance some of the exstream views of conman etc.
There is this explanation.
Your GB, you have your division heads telling you to meet the demand we need more of everything, people, equipment, floor space etc and it will cost x £million. You also have your loan masters saying don't forget my 500k payment next month.
Doh, rubbish timing as I could really do with that money and more to grow the business...wouldn't it be nice if I could clear this loan and have the money to grow all together?...answer find some new money, pay off loan and have at your ready disposal the rest of the money needed right now (striking when iron hot and all)
It's not a bad thing to try and think of ways to kill two birds with one stone.
I'm hoping this us all it is and it's gone wrong by causing market confusion (aired here) and concern of money problems when it's just a way of getting all the money you need without the pressures of paying back the instalments.
If so, just some clarity, ok we will just stick with the Mezz agreement is all it might take to get the SP back to were it was a few days ago.
When I say 'on here' I mean the queries and concerns raised on here....not to post on here (that will probably not work out so good)...to be addressed in an official RNS was meant.
GB has some explaining to do for sure, maybe we will get that tomorrow to clam the market nerves.
Lots of people have lost lots of money so I can more than understand the anger. However, I will back up what someone else wrote earlier.
Having spent years of your life building up a company that you own millions of shares in (no one would have lost more on paper than GB has in this) it would take as much, if not more effort to come up with a master con than to just make things work out. Making a success of the company also comes with the added benefit of not having all sorts of organisations on your back for the rest of your life, possibly being dragged through the courts for years, fined loads of money and possibly being thrown in jail.
GB might be many things but master con man I just don't see.
He has lost millions on paper, nothing good in that so I'm sure he will be doing everything he can to sort this mess out.. but GB, if your listening in, please clarify people's queries and concerns on here to prove it.
Just to labor my point a bit about what I said earlier ‘They are way too far down the road and near the finish line to fail now’
You could look at DVRG now like a company that’s just spent the last few years and millions of pounds inventing a new type of e.g. car. They are already selling some and they know they can sell lots, lots more but one problem, they are running out of wheels to put on them and in order to get them they need to place a multi million pound order which they don’t currently have the funds to do so.
From an investment point of view its low risk to give them the money compared to a company just starting out with a good ‘idea’.
If they fail the Mezz loan doesn’t get paid at all, people lose their jobs and something so close to being a success turns into a ‘if only’. No winners, but yet a few million £’s (not much in todays world) the products already good to go, get sold, loan paid off, good for the economy, clients, investors, government etc.
It will not fail on a small loan repayment and being in the good position to need to expand to meet demand.
Whether a takeover, new loan terms, new investor money I’m not sure but something will happen to get this back on track because if a company is already turning over millions of pounds, has good products, valuable data etc, The money doesn’t sit back and watch it get binned so everyone loses money.
Sipps, let's keep it friendly and just agree to disagree with this one then.
Goverments lend to all sorts of businesses large, small, profit, nonprofit. Its their job to support their economy and faced with saying no to a loan meaning people may lose their jobs, meaning they no longer get their income tax and instead pay them benefits, also what could be an Irish success story and new industry for them turns to nothing. For me, if I'm in Goverment and asked to help in this situation I would.
Its a possible option is all I'm saying.
Why no chance? Goverments give businesses loans and grants all the time....maybe, maybe not but I can't see a good reason why this is not a posability?
I wonder if the Irish Government may step in with some sort of loan agreement to support?
DVRG employees a decent amount of people, has technology they (and other governments) are clearly interested in using and if all goes well they could be paying millions in corporation tax, employees income tax etc in the not too distant future. Again, no winners in holding DVRG progress back at this late (very close to profitability) stage of their development, someone / organization will step in and a government loan would be the ideal at the moment.
DVRG get what they need and the Government get a vote winner, money (chicken feed to them) back in time and extra revenue going to their treasury next year….just a thought.
The bottom line is DVRG are too far down the road and near the finish line to fail now.
It's in no interest of the mezz loan to slow DVRG'S journey to profitability.
In short something will be sorted out and with a fair wind DVRG will be making good profits in not very long so this will be a very attractive time to get in on the cheap, either large private investors, Il's, or PI's...they will get the money or a deal with Mezz, and fast forward 6 months a year they still have some great products that are on the verge of selling in mass. Disappointing but if you can handle waiting this will turn out just fine I'm sure.
Re Deepverge.
The Market will do what the Market does in these situations, create some fear and do a over the top drop for the reality of the situation. (presuming this mornings drop being because of their bad news)
The reality is that Deepverge (DVRG) have been paying in full all of ABDX development costs for their (DVRG) tests so no money lost by ABDX.
DVRG need some investment and they will find it. They are on the verge of making lots of money and just need the money to expand to meet the demand for their projects that are basically good to go. In short they are too far down the road to fail now which would not suit their lender or anyone so something will be sorted out.
DVRG also need the LFT’ ABDX are developing for them to complete both their waste water products and their lab skin stuff…. In short ABDX will make those tests and the day will come that they get sold in numbers.
A classic ABDX being caught up and paying a price for something that has nothing to do with them.
The EUA has been with their health authority for, 4 months now.
I did a bit (not by anymeans lots) research to try and find out average time frames. It's very much a how long is a piece of string type thing, sometimes short time sometimes a very long time but the best I could get as a ballpark was 4 to 6 months.
It's now been in the process for 4 months so I think/hope we are in the hot zone for when this could come in.
If you Google Taiwan covid cases you can see cases have been going up their fast and with it deaths, you would hope this focuses minds and they get a move on.
Remember it will be for a 10 million tests minium, posability up to 30 million....no chicken feed for any company, not alone one currently valued as low as ABDX!
IF that drops the SP will be off in a big way I'm sure.
The GLP was founded to fight against Brexit. Gina Miller, remember her? She was the lady in the news taking the Government to court over article 50…. Who were her lawyers, yes the Good law project! A firm and crowd funding page set up in 2015 same year as the referendum with one purpose, stop or make Brexit as difficult as possible.
After this, they (GLP) went oh’ not a good business model as only half the country would ever think of giving us money, so the dawn of the new GLP here to hold the government account for just about everything was born. However, they have same overall mission, just make things as difficult and time consuming as possible with a aim to make Brexit look as bad (not very hard) decision.
Everyone was screaming why on earth are they not going after the multiple Billion-pound Innova contracts? Answer, not a UK firm so could not do the ‘State Aid’ angle (something UK was/is still bound to in European law). If you note, ALL of their cases with the government involve UK companies only, “helping their mates” etc…. major lefty lawyers wanting to disrupt the government and still really peed off they lost the Brexit case is all they are.