Member Info for MIKODX

https://www.youtube.com/watch?v=tvy9lRtKV-o&t=198s

bankrupty - I dont know what your blabbering on about, but the simple fact is despite the financial difficulties the company had before, surely they are in a better position now that they have found gold. It will now be easier for them to raise funds now that they are sitting on a potential goldmine, no pun. I think the panic is overdone here.

Even with the market not having yet digested the news, investors are pouring in, so they obviously don't see the cuerrent situation as a concern. Quite the opposite.

bankrupty you forgot the C in your name, you also forgot to mention the intangible assets mentioned in the going concern statement, here's what it says:

At 31 May 2022, the carrying value of exploration and evaluation assets included in intangible assets in the group and parent company statement of financial position amounted to €23,888,833 and €3,421,364 respectively. The parent company statement of financial position also includes amounts relating to investment in subsidiaries of €18,423,347.

We draw your attention to the disclosures made in Note 1, 7 and 8 to the financial statements concerning the valuation of intangible assets and investment in subsidiaries. The valuation of intangible assets for both the group and the parent company and the underlying valuation of the investment in subsidiaries for the parent company, are dependent on the further successful development and ultimate production of the mineral resources and the availability of sufficient finance to bring the resources to economic maturity and profitability. The valuation of intangible assets in the group statement of financial position and the valuation of intangible assets and investment in subsidiaries in the parent company statement of financial position were assessed as significant risks and given the balances in total at the respective financial statement level also constitutes the majority of the total assets recorded, we considered the valuation of intangible assets and investment in subsidiaries a key audit matter.

Now that they have found actual gold, the going concern statement is now null and void.

Shocking that RNS's are not announced on the LSE website. I've just been to the company website and there are three important RNS's this year that hasn't been published on the LSE site. Makes it a lot easier if they make it available on LSE as well. Shoddy way to treat the shareholders.

Was going to hold off and see if I could get in cheaper, but dont want to take the risk, news could drop at any moment. Bought in @27 managed to average down to 50. Barring any dramatic change or turnaround with AHIL results, we should hit this target and much higher in the near future.

Just as I thought, this is starting to pick up traction again, investors been snapping them up at 25. Just hope I haven't left it too late to average down, that was always my biggest fear.

70p to takeover a company with groundbreaking medical science is dirt cheap. If AHIL is cleared to be used in Hospitals, Genedrive will become a huge company overnight. Shares would be worth in the ££££. £5 per share would be the bear minimum for a company with what is a first in this kind of technology.

The shareholders are the owners of a PLC. If you are invested in a company and you find the way the company is being run is questionable, do you keep quiet or do you say something? I notice there are lot of brown nosers on this particular forum that are AB fanatics they actually think he's doing a great job. That just lets me know they know f*** all about investing and how to read and decipher Annual reports.

The company is actually spending at a very high monthly rate. Can someone explain to me with only forty staff members how the company is running through 4.3M every quarter? Where is all that cash going? Now let's see how many people are going to bite my head off call me a deramper? If they are happy to see their investments shrink back down to 5p then that's on them, but I've had enough of this. It's time the board gave us clearer information on where all this money is going and why our monthly cashburn is so high. Were not all as thick as they think. The silence is deafening and always has been with this particular stock.

nissangtr786 - Yeah it could come tomorrow, if it's good news like the 9th which everyone is expecting, then surely this would spike again? If it is going to happen we'll get it 7:00 am in the morning. Important announcements like that always seem to come early in the mornings for GDR. I'll be watching closely.

HOLD FOR GOLD.

So we didn't get the RNS everyone was waiting for. and the SP does a loud fart at the closing bell, typical GDR. It drops as fast as it rises. I expected this to drop a bit on the low volumes we've been getting. I expect there will be buyers snapping them up at 25 tomorrow so it might bounce back the other way, or we might not get any news this week sentiment dips and we drop back further. I might be tempted to average down at 25 but I'll see how it goes. Just got a feeling things might pick back up tomorrow, it's been a bit of a slow start to the week.

So no news, glum faces, and I suppose the mud-slinging will commence. The smart ones will be rubbing their hands ready to pounce on those shares if they drop back further, they know what's coming.

Holding Firmly

Won't be bothering to average down this month, looks like investors are investing elsewhere so it looks like this will be dropping further. I'll have a peep back in next month when I might be able to get in cheaper..

GLA.

What do you think will happen if we don't get any news from now until the end of March? Will the SP hold and bounce between 25-30, drop to 20-25, or drop even further to 15-20?

Since the announcement on the 9th, this has retraced back to 25. Looks like this will be the new support level leading up to the publish date in March. Hopefully we get a few more spikes on the way.

Holding Firmly.

I was invested in SNG at the time, bought 5000 shares @ 40p and sold the lot for £2.50. That day lives long in the memory. Hopefully the same happens here if/when I can average down to 50p. Right now I'm averaging 80p.

https://www.lighttreeventures.com/post/all-you-need-to-know-about-fda-pre-submission-q-sub-and-medical-device-companies#:~:text=The%20Pre%2DSubmission%20allows%20you,An%20informal%20meeting

September 2022 RNS - NICE has transferred the evaluation of the Genedrive® MT-RNR1 test to a new Early Value Assessment Programme ("EVA"). EVA is a new review process, created to drive innovation into the hands of healthcare professionals by actively drawing in digital products, medical devices and diagnostics that address national unmet needs.

The EVA allows the NICE diagnostics advisory committee to consider the technology much faster, which will result in a published report in a six month timeframe instead of the initial 63 weeks (approximately 14 months) via the Diagnostics Assessment Programme. A provisional schedule has been published by NICE which indicates the consultation process will occur in February 2023.

So it clearly states in the RNS that the consultation period will happen in February 2023. Nobody was expecting an RNS when it begun on the 9th Feb but we got one. So it seems we may get an announcement at the end of it which is tomorrow, but it's not a definite. Next announcement might not be until it's published in March. I personally think we will get one before the publication date, we'll just have to wait and see.

bigbench - The money raised probably didn't cover the cakes either lmao.

Yes many, its when the company create new shares, sell it to mugs like me and you, and devalue your old shares in the process. It's a dirty trick most PLC's play. Some justified, most to line their own pockets.

nissangtr786 - When that happened to Synairgen the inflation rate at the time was 1%. We now have an inflation rate 0f 10%. You have to take that into consideration when trying to work out how much this will go up on further good news. If the inflation rate was stiil 1% when we got that news on the 9th, my guess is this would have flown close to a £1, maybe more who knows. Anyone buying into stocks now needs to be realistic, any substantial gains might not be realised until a year or two down the line. Of course you can still get lucky if you can get in low and cash in on the highs. Anyone that bought this share when it was down in the single digits couple months ago, would have made a nice profit now. But it's always difficult to predict when it's hit the bottom or the top, if we could do that we'd all be billionaires.

For example today I moved some money over to my stock account to buy some more GDR shares. But I haven't bought any yet as its looking like it might drop some more. Getting in at the right time is the hardest part when dealing, but as always only spend what you can afford to lose. Thats a valuable lesson that has served me well so far. I hope for everyone else sake they are doing the same, because if you go in wrecklessly you can get very badly burned. Remember this is AIM, big wins, but big losses too if your not careful.