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Would you not need UK approval to sell the test if you're putting it out on twitter?

They're on the Bid - wanting shares now.

Was this PEEL finishing?:

05-Jan-22 14:14:25 35.16 220,781 Sell* 35.00 36.50 77.63k

PEEL off the Ask - a good sign

https://www.genedrive.com/documents/id-cov19-ifu-en_v4.pdf

https://www.genedrive.com/documents/system/gum-4-en_v2.pdf

https://www.genedrive.com/documents/instrument/gum-1-en_v16.pdf

https://www.genedrive.com/documents/instrument/genedrive_user_manual_gum-5_v1-cp_edits.pdf

I read it that they had 2m left on Friday.

Doesn’t mean they’re planning to sell them anytime soon.

They had 2M left last week:

https://www.investegate.co.uk/genedrive-plc--gdr-/rns/holding-s--in-company/202112200700081169W/

10:48:53 50.00 503,855 251.93k O
10:48:53 50.00 -300,000 -150.00k O
10:49:58 50.20 6,240 3,132 O
10:49:35 50.610 10,000 5,061 O
10:48:53 50.00 300,000 150.00k O

Seller seems to be out

Sales on both the Covid POC and AIHL fronts.

Or not. Could be the dregs of the 50k seller who’s finally out. Who knows.

10-Dec-21 16:40:51 61.83806 1,166,000 Sell* 721.03k O
09-Dec-21 11:43:51 61.83806 -1,166,000 Unknown* -721.03k O
09-Dec-21 11:43:51 61.83806 1,166,000 Unknown* 721.03k

New today?:

https://www.genedrive.com/assays/cov19-documentation.php

The tweeted link works now

https://twitter.com/ironveldplc/status/1468861734349852672?s=21

Probably still clearing GHIF. Hopefully not long.

Some people play the game that way. Each to their own.

Anyway, Grosvenor want a serious % of the company (29.9%). I don’t believe there’s any problems it’s just that these large transactions take time. They presumably already know how to help with the remaining funding and could be working on this already.

When the transaction has gone through the company will have 2/3rds of the funding they need and need another £2.5m:

‘The Company will look to utilise Grosvenor’s expertise and access to further funding in order to progress the remaining financing required of approximately £2.5 million (approximately US$3.5 million) to bring the Company’s project into development. Both parties are committed to ensuring Ironveld can commence mining and processing of its magnetite ore in the near term.‘

Given Grosvenor are securing specifically 29.9% of the company and probably want to retain this %, then I would imagine non-equity funding will be sought for the remaining £2.5m.

Latest Atlas conversion sold:

03-Dec-21 16:05:54 2.25 1,577,229 Unknown* 35.49k