As per the 31 Mar 23 half-year report, GDR had 2.0 m cash following receipt of the R&D tax credit of £0.96m and then there were two RF drawdowns in June and July (300k each). Could someone please calculate how much cash they have to run the business? Without any sales and no RF drawdown since August, I don't think they have much cash left to run the business. Maybe I am completely wrong.
Our system’s recommendation today is to BUY. The BULLISH HARAMI CROSS pattern finally received a confirmation because the prices crossed above the confirmation level which was at 12.00, and our valid average buying price stands now at 12.12. The previous SHORT signal was issued on 10/08/2023, 15 days ago, when the stock price was 13.12. Since then GDR.L has fallen by -7.62%.
I am at the edge of selling my shares, take my 36k loss and move on. It is so stressful to see your investment going down daily. I will then change my handle to only loss.