Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
And all the talk of the nose test not being done properly, it's as if the throat swab part of the test is then not relevant
If both parts are important, then it does make me wonder how a saliva test only will be able to have the same level of accuracy
The full scientific understanding of coronavirus still clearly has a long way to go
So many unknowns
Never mind if antibody tests work, or if having antibodies gives you immunity, it starts to ask the question, if you have antibodies from a previous infection, can you still catch it again, and solely be a carrier for a period of time
I agree this sounds like it is making up things up but who knows, I'm shocked based on the theory of having antibodies, that there is the suggestion Boris would have to self isolate again
I did not think of this straight away, but it has now come to me
Alok Sharma the UK Business Secretary was suspected of having coronavirus and so had a test but it did come back negative
Now the interesting part of the reports, if it came back positive, because of his recent contact with Boris, then Boris might have had to isolate
Hold on, Boris already had coronavirus, on a ventilator in hospital, so if the suggestion is Boris would still have to isolate, this tells me that antibody testing is currently perceived as worthless
But didn't we order loads of antibody tests from Roche
What a mess
stated in avct rns today
-the £48m placing bookbuild was multiples times oversubscribed
-ceo granted 4.8m share options at 10p and 17.5p, subject to future performance
david will be judged on sales, that is what matters, then he can pay himself whatever bonus he wants
avct ceo just pocketed a potential £6m of shareoptions
their placing rns gives another dig at pcr testing
i didnt know this, but per the past rns, the zeus capital and boohoo owner bought in the placing on 2 april and then 6 days later on 8 april the company announced it was going to develop a coronavirus test
avct over £2 then within 5 days hits a low of £1.25 and there is panic and confusion what is going on, next day, placing announced at £1.20
think im going to have fish tonight for tea
"people dont want to be tested"
its about as ludicrous as saying people dont want to pay car insurance, so you know what, lets not bother
what happens when somebody who has the virus, does not want to get tested, goes to work, employer says ok dont tell anyone and just wear a mask, somebody else contracts it off them in the office / warehouse, dies, and it is found out the employer was negligent
the theory that people dont want to be tested would risk creating the biggest legal disaster imaginable, let alone the amount of people it would kill
some stuff i read on here is crazy
uk and usa have bottomed out but not even close to zero compared to the peaks, uk daily cases now 1,500 to 2,000 and peak was 4,500 to 6,000
usa daily cases now approx 20,000 when peak was only 30,000
mexico, brazil, chile, india - all either recording new highs or are only just reaching their peaks
those with stricter lockdowns seem to be better supressing the curve, especially in the wealthier countries, or should it be those with a population who follow the rules better
it might be argued that it has to be relative, because as testing capacity increases then you are likely to have the ability to find more positive tests, however it is the base level numbers in come countries are staggering
as most would agree, its going to be a case of living with the virus, not getting rid of it
i fully expect in 6 months time, you will need to have proof that you are not carrying / or recently tested positive for the virus to be able to do certain activities, be it travel, attending a concert/event or even amateur sport
one high volume day and we should be up and moving, whatever trigger leads to the volume, be it official news or just market sentiment towards coronavirus stocks (sentiment has swung towards blue chips at moment)
we had the ce mark which sent us up and volume was massive, but placing seller held us back
we had the media buzz, but placing seller held us back
next time i dont expect any pull back, we just need something to light the fuse
the beauty of gdr is the market cap
apart from ncyt nobody else yet has official sales orders, so potential can only prop up a company so long, im not saying other companies dont have different things in the works, we know gdr also does, so lets not start an argument going down that route
plenty of blue chip ftse might have come over to aim and help fuel coronavirus stocks in the early part, but gdr does not need that hype or backing
£3 a share is £135m market cap
£4 a share is £180m market cap
ive never been one to be thinking £6 or £7 or £8 of higher, especially the very short term, because we really dont need much to be able to establish ourselves in that £150m to £200m region, we have the ce mark, we just need some sales to show the product has demand
it is going to be harder to prop up a £300m / £400m or more market cap short term, yes in 6 months time maybe, but i have always considered the talk of billions of pounds market cap on some boards as crazy
527k traded so far today
level 2 showing 141 - 143
but there are 3 on 141 and only one on 143 - guess who
after 143 on the ask the other 3 are at 151, peel playing silly beggars as ever
we just need a big volume day and we are off in my opinion, although that big volume day might come when news lands
they went back below 3% days after, and likely in my opinion sold out
basically as i understood it bgf sold at least 1.5m directly to hsbc, so hsbc kind of faciliated bgf getting a quick sale
tuan, any placing flippers are not interested in the future of gdr, at least they are not interested in holding the placing shares long term
BGF already held shares, they took placing shares and thus sold those already, but are still maintaining a chunk of original shares going forward
institutions work in different ways to private investors, in essence because they hold such a big percentage of the company relative to us individual private folk, they probably have to manage risk even more carefully
Looks like a thread was deleted from late last night, so I am re posting what I put together, in reply to the thoughts of how many placing shares left
...........
Plenty more other news possible as we know, not just sales and approvals but manufacturing and distribution
For fairness, in looking at what could already have been sold
1.25m - broker option, any private investor will have already sold or held (we know it only went to current holders too)
1.56m - BGF, this went to HSBC which they will have sold by now, or hold some but under 3%
So the above 2.81m then leaves 7.19m already (from the 10m placing)
If you add up the volume per lse from Monday 11 May you get roughly 27m!
Not sure that includes the delayed sales reported over a day late which we have seen a lot of, so it could be higher than 27m
On the basis the above 2.81m is already gone it leaves another 24m odd that has been traded
Included in the (at least 27m) volume is Thursday, plus Friday plus Monday which is at least 9m but probably more because of the big day late reported trades
It is likely that a chunk of the placing went to institutions who already held below 3%, so they were already able to forward sell, and will never go over 3% so we will not know about them (remember 2.9% of 34m shares in issue is 1m)
Even if you say that half the remaining shares of 7.19m could not be forward sold, so 3.59m had to be sold starting 28 May, then again we have had at least 9m traded, but probably more, in those 3 days
Whatever is left to be sold has to be minimal
Even got tick ups lol
Somebody correct me if I'm wrong, maybe Technick, but didn't Genedrive work with GE Healthcare before?
The reason I say this (as I thought they did), is even though we have distributors in place for current tests (hepatitis etc), does them signing up to distribute our coronavirus test warrant official news on that
One other big piece of info, even though we know 10,000 beads a hour, what this means per week, per month, so effectively what capacity to manufacture the complete test do we have
So hopefully many more types of news is going to be released and not just sales and approvals
In my opinion it's the MMs just doing what they want
To work out if buy or sell, I just go back to look at trades reported at the time, and compare
For example the £125k trade for 76,265 at 12.08 on Friday, you can just about scroll back to that point on 29 May, so for me that was a sell
I am sure there are some delayed trade buys that never show
But yes I also added up roughly 1m of shares traded that showing delayed
The delayed reporting of trades has been happening for a few days now