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Looks good on face value, take a deeper look and it appears to me he's brought in to help raise finances which would probably require a big dilution as the cash is due to run out soon, as far as I can remember. If his salary is as big as the other directors Accustem needs a big cash boost asap
Appears to me an acknowledgement of the car crash of last 18months. Basically its make or break on foralumab for MS and alzheimers over the next 18months. In a company this small, it's probably a good thing. However this is now very very high risk, it will be kicked off it doesnt show very good results that can change investors minds about buying in. Given the terrible history of this share, that is highly unlikely. The reputation of this company is now in tatters and once the money runs out in early 24 it will disappear forever. Trust has been well and totally wiped out.
Kefi has been on my watchlist since spring 2020, I have kept a watchful eye on the situation and todays news is the first clear buy sign, despite what TW has been saying for months, which is also buy. No doubt it may drop to 60p but it's clear that over the next few months some real value is about to be brought to current shareholders imo. Harry is now motivated to get some positive concrete progess incoming, time to earn his bag fat salary
Looks leaky no volume for weeks then over the 3 month average in half a day.
And your opinion is based on what exactly?? Definitely not research as Accustem only has money to last till Nov this year, and without a major update there is no chance of getting a fund raise completed.
785000 in administrative expenses for 3 directors! Wow we are in the wrong business here. No wonder Accustem only has cash till November this year with wages like this. Appears they have had to pay the directors over the odds to get them on board. If it goes pop they will at least trouser 750k each for less than a years work….. is this some sacrificial lamb being thrown out into the wild so Gabriele can say we tried but it didn’t work out for accustem!?
Anyone that believes that PR tripe wants slapping for eternity! Where can we add value to investors! What a load of rubbish!! More like hey, let’s make hey while the sun shines so bright investors eyes we can get away with raising a huge amount of cash on load of hot air assumptions that most pi’s wouldn’t understand. As I have stated let’s wait for their next funding call as they will be looking to get 500000 compared to the previous fund raise. This bio would be dead if not for the previous funding and the CEO knows it. I wouldn’t be surprised if the next raise was a death spiral with millions of new shares being thrown into the market. However, given the volume is so low it would take forever to shift them Gabrielle has well and truly got himself stuck in a corner! Even their own share buy back couldn’t keep the price above a dollar!
Accustem 3 dollars to 26cents in less than a month! Don’t hold your breath,
See someone reported my post about getting out, now deleted
Just like Tils no doubt at next fund raise. Going to be bloody
Good luck, the update they gave really set the stall out that anything could happen, including terminating the whole project. The fact investors can’t even trade their shares is a major red flag for any future investors. Bound to put most off, the recent rise was probably due to them buying their own shares back. Even if the product is great, trust is non-existent currently. However they have managed to put together a reputable board for Accustem….
So we have bottomed out @7p, I'm an investor that follows the numbers, we get more right than wrong but got this one badly wrong because I didnt look at the right chart, was already in a decending trend since January. Compounded by some shocking PR, Will evaluate over the weekend but managed to get out before the bottom and I would be pig sick if there's no rise over the next few months. Unfortunately Beowuld rises are about as regular as a leap year!
roger65:
Yes look at the chart of last 3 months and you will see this is a strong buy, forget about day to day trading, that's AIM 90% of the stocks do the same thing weekly.... All the moving averages suggest strongly GDR is currently a bull share till at least 45p. It might have been strongly traded but to suggest its currently in pump and dump mode is not the true picture. Small float means in can go up and down quickly but the charts over longer show a more favourable picture.
It will take a few months to gain traction after a fall like this, plus the RNS from Kurt shot himself in the foot, admitting to not keeping investors updated is another red flag. It makes me think he wasn't confident about getting the concession so possibly is behind on the plans there, hence the other projects. Starting to look poorly managed IMO
Is the slide not due to the massively negative articles that have been printed since the decision. "Suspected misconduct, bidding trip and biased officials - DN examines the game behind the mining decision in Kallak" just one of them... If I was sitting on a large profit I would be banking the lot till the dust settled which I believe has occured here. Concession given then a massive anti mining movement pushed by left wing journalism in Sweden. It appears to me this is going to get ugly! Price has risen through expectation, now its also dropping through negative expectation. For Kurt to say 'I know nothing' is denying the facts. This is a deeply unpopular result for some, who will resort to anytging to discredit the business.