RE: Emerald4 Nov 2024 22:04
I mooted the idea of a Novacyt tie up on the NCYT board last week. The current MCAP of GDR would mean NCYTs CAB would be wiped by a takeover at double current GDR Share price.
Yeah could offer substantially less if GDR & shareholders were interested. Point is , why offer anything when there is no forward book of sales , buy potential ? Well that has existed for years , but as of today hasn't materialised.
Perhaps a % purchase / buy in , could alleviate GDRs cash flow issues, but that would cause dilution as would a placing. They can get a commercial loan as soon as they have contracts, chicken & egg , funds diminishing and no solid sizeable contracts on the horizon. We know this is a fact , because if there were any then we would be told ASAP as they'd have a material impact on the share price.
Very frustrating position for GDR , as on the cusp of market breakthrough imo.