RE: l2?1 Jul 2020 17:10
ever since the beginning i always had at least a £150m market cap in mind once we were selling high numbers of the tests
yes with only 35m shares in issue it is a bit different to now with 52m, however £150m is about £3 for starters
now if we look at ncyt at £180m we would be roughly £3.50
however, i have not been over there to look at how ncyt could still be undervalued, or if they are not
i recall the question being about how much profit ncyt were really making, how many tests they could really supply per month, and obviously the quality and accuracy of their test
i think, since they first launched their test, are they not trying to refine it also, like so it does not have as many different parts to it, and is more like our bead - i find the chatter between DB and their guys interesting
i do believe we have the better product, maybe the bigger manufacturing capacity too, and as long as the big sales come, and we and nicely informed of the big fat profits on them, then there should be no problem with us achieving a higher market cap in time
naturally if in this period we can also prove our non covid tests can generate substantial sales, which would mean gdr is profitable even without covid, then this would also be an incredible boost, as i believe ncyt were not profit making pre covid