Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
The problem is everyday that there is no news it will continue to drop. No times scales on the approvals as per the last RNS.......we are totally in the dark. We could be days away or it could be weeks yet. Every weeks that passes is millions lost. We are now at a stage where a 100% rise only takes us to 1.3 sp.
Anyone defending DB now needs their head looked at. Almost 2 months to get approvals through during a pandemic..........they do realise this is time sensitive dont they? They way things are going we will be get our 'unique' product approved just in time for the end of the pandemic. well done Genedrive. In my view they have come up with a great product but lacked the skills to actually get it to market. So in otherwords........pointless.
Bit misleading to say the EPO is a year away. I highly doubt that. The comment was made because they have spent a year on it and they are 50% through it. It also states that it is down to the other bills they have had to get through at the same time. It says that if they had a good weeks work on it and if they can follow that up with another couple weeks then they will be getting places. I expect it within 2 months not a year. There is major pressure on them to get it through now.
so thats about 7p equivalent?
to see what the future holds! I sold the majority of my shares once i made over 100%. I could have got a lot more but its a rule i have these days...... dont get greedy! I've watched too many rises in other shares just fall away, wishing i had sold. At the end of the day you can't be disappointed in doubling your money :) I've left some in here for the HK adventure. They rejected my first registration form so just send another one out today. I'm hoping my shares are still ok......the last RNS seems to confirm it. Good luck to everyone that held and lets see what awaits us in HK!
samolly2 He stated sales in June...........according to the last RNS we still have NO sales....we are mid July now. Other Covid shares have had their approvals much quicker. That is a fact. The last RNS stated they were looking to sell in 11 countries........which one?? why the secrets???? The fact of the matter is DB could have updated the market with events and not just kept quite.......we now know why. He hasn't delivered. No sales and no approvals.......over 7 weeks and counting since the CE marking. I'm running on free shares but it still annoys me how we have this amazing product.....yet we cant sell it.
He is starting to come under the incompetent bracket. Successfully managed to watch the sp fall from 300p to 65p......silent throughout. And for some reason cant get his product through the approvals. Over 7 weeks since we had the CE mark now and still not one single other approval.
Total incompetence by DB. Oh lets just sit back and watch the sp slide from 300 to 70p. Cant even remember the last blue day. The pandemic is reaching records numbers per day but our 'unique' product isn't selling. Questions need to be asked why our approvals are taking longer than anyone else. DB really does need to pull his finger out his backside and show some results. All very well having a fancy product......if you can't sell it whats the point!!
Kenbob....it’s never that simple I’m afraid. You see the rises and falls. Catching them and being able to sell or buy at that time is a different story. This is the aim....shares may drop 40% for a short period. Actually buying during that time could be limited. Same when there is a massive rise....trying to sell at the top can be difficult then it falls back. Hindsight is great but it doesn’t work the same in reality. The best option is to invest in companies you have researched. Don’t listen to 90 % of people on here and work out your own exit point. I’ve learned through my own mistakes! Some of which I’m still invested in and still waiting. Hunting quick profit can leave you getting your fingers burnt.
Now that we have the news here’s my view! Indicative orders of £1million for something that hasn’t had regulatory approval yet is actually pretty good. It’s only been around 6 weeks since the tests went out. The labs have to trial these and then asses how to move forward from their current set up using the existing (less accurate) tests. It’s not something that happens over night. Things happened very quickly at the start of the pandemic as there was simply no other option. Now that existing tests are already in place ofcourse it will take a bit longer to introduce something new and unique. Once the labs get a handle on this they we will the advantages. People will be cautious with orders until that approval is though. Then expect the flood gates to open. Remember the places they are targeting....US, India and Africa......ie massive market places. They are aiming for volume. Also nice to see the Divoc partnership officially confirmed for the first time. Remember the big players involved here (bill gates). It’s taking a bit longer to get the approval over the lines but when they are there we will see something special.
i agree. As off tomorrow early July is over. DB needs to update the market of what is happening. He gave himself the deadline and i imagine he thought he was giving himself plenty time. If no sales have been made then serious questions have to be asked. You only have to look at our competitors for comparison. They seem to have been able to get approvals a lot more quickly and generate sales more quickly. Maybe its showing naivety from DB in being able to push these things through,
let this be the start of the re-rate! I've been in here for years and my average is 6.5p. If i'm honest i was going to sell if it ever even reached half that. Starting to re-think that though as it really does look like the start of something here now.
If DB doesnt release an RNS tomorrow i've got to say its pretty poor form. He will have the full sales figures for the month now and he really needs to re-assure people that someone is actually buying the product or there is at least interest in our 'unique' product. If there is one thing the market does not like, it is radio silence and that is what we have had since the start of the month hence why the sp has drifted so much. If he leaves it to early July (ie another week) then we will be under £1. I'm not one for sending out an RNS for no good reason......but we must have some sales........surely!!???