Member Info for RiskIsReward

really can’t believe it is taking this long to sign a deal to sell covid tests in a pandemic..

we can only make money if we are selling in UK.
DB made it clear UK is not our target country, we are CE certified for ages and not sold a bead in UK.
So this is not applicable to us. could be for someone else may be.

Yes that could be one to save us to get an approval. We are a one step freeze dried test, just add extracted RNA and test..

Using 96 well plate on a normal pcr machine could achieve around 300 tests per 8 hours shift.. which is sort of average for a pcr machine.
Only when our test is run in conjunction with Beckman automated biomek i7 we would be able to do 1000 tests in 8 hour shift

I’m afraid to say we have to submit new application through BC to be considered as high throughput.

I said same long ago on this board..
but our current PCR test submission is not a high throughput one because our IFU does not contain biomek i7 automation..

That is why precisely DB is worried or not sure when the approval gonna land as we are not a high priority application

MCAP and SP are not always driven by revenue and profits. It is about forward looking and future sales and lots of other factors.. Look how much NCYT had pullback..

Yes we may have not sold much, but wider investors still believe that we could make up for the delay in sales and so is the sp increasing.. it can swing otherway too which we had seen couple of times in last 6 months.

Gold luck all

Some time I wonder how the SP is keeping so low when chunky buys are going through..
If this has bottomed out and bargain price who is selling or supplying for these chunky buys at this price..

Bid 75
Ask 79
Sell price 78 Well above the bid

I’m invested here and I know the risks vs reward.. just waiting patiently, if it works great..
otherwise exist and invest elsewhere simple as such,
I blame my self for the greed and believing in what was said by company.
I’m frustrated too but no point in venting anger at others on BB

Guys calm down this is just a BB.. read and take what you like and ignore stuff which you don’t like. This keyboard wars are turning out to be a kids play ground..
Please go out and have fun, keep away from this BB. Have some peace of mind.

We investors put all our eggs in one basket (GDR)
Same way DB put all his eggs in US BC deal.
Hope we get the EUA soon..

Q40: Why are we not selling the test in UK or even Europe?

The Company does not have a distribution partner for Europe and did not consider the market dynamics in many countries favourable. The Company has been managing individual European opportunities where appropriate.

Looks like BC are not marketing us in Europe.
EUA is really important or at least EU deal.. I can’t think of any other near term revenue..

Don’t rule out placing because DB himself never firmly said no to this

Q28: In November it was said there would be no need for a placing as commercial sales would kick in. There have been a lot of large trades but no TR1s so some have suggested forward selling as if to say another placing is coming. Can it be confirmed that there is no need for a placing as what was said in November still stands ? (I still think the market remembers the placing last year so is holding back)

The presentation and the interim report detail our cash position and our cash burn rate.

Gov approach is clear it is test test test..
DB did confirm that gdr submitted bid for 22bn PHE framework. I’m hoping we would some share out of this..
Ot the EU deal.
Looks like one of the them would be out soon...
GLA

I agree any good news would take this north and we would never see this price again. But equally it is hard sustain for too long with no news..
It’s always important to understand the downside too.. set time targets to sell or reduce holdings otherwise Market can be cruel sometimes..

3 month delay.. End of the quarter Q2 means June not April I think

Jay - I’m surprised you don’t even fully gone through investors presentation Q&A. Please see video and read all Q&A
POC is not imminent, DB himself stated it

Q47: POC has been delayed to Q2. Can you refine your expectation, ie is it expected April, May or June?

The launch date is an estimation. The Company commented on a three month delay so it will be towards the end of the quarter.

FDA is currently prioritised home testing kits, high throughput PCT tests and antigen tests as high priority. Our application for FDA is not a high throughput one..

Same is case with WHO, they have high priority for POC and antigen tests.. Check the website for info guys.

DB can’t do anything other than patiently waiting, he cannot decide upon the FDA/WHO priorities.
I hope it lands before it is too late..
If not above we need some sales at least EU deal soon
I’m afraid to say that if we do not hear any news by end of April things can turn pretty bad for GDR
It is huge risk and upside is also huge.

Around 500k shares reported as delayed buys from y’day.

31-Mar-21 10:31:40 82.10 50,000 Buy* 41.05k O
31-Mar-21 09:50:53 79.7501 30,000 Buy* 23.93k O
31-Mar-21 12:46:07 78.20 37,374 Buy* 29.23k O
31-Mar-21 09:51:47 80.1255 35,000 Buy* 28.04k O
31-Mar-21 09:54:06 79.74 37,134 Buy* 29.61k O
31-Mar-21 10:42:22 81.8751 26,277 Buy* 21.51k O
31-Mar-21 10:22:33 84.166 50,000 Buy* 42.08k O
31-Mar-21 12:32:27 79.30 30,000 Buy* 23.79k O
31-Mar-21 09:53:17 79.5001 30,000 Buy* 23.85k O
31-Mar-21 09:54:39 79.1251 30,000 Buy* 23.74k O
31-Mar-21 10:32:15 83.75 39,818 Buy* 33.35k O
31-Mar-21 10:21:19 84.75 45,588 Buy* 38.64k O
31-Mar-21 09:48:15 78.15 30,000 Buy* 23.45k O
31-Mar-21 10:20:55 83.655 33,364 Buy* 27.91k O
31-Mar-21 09:55:22 79.1251 30,000 Buy* 23.74k O
31-Mar-21 10:20:34 83.66 50,000 Buy* 41.83k O

Explains the quick price rise y’day morning!!

Bid - 78
Ask - 82
Can sell huge chunk well above the bid at 80.55.

Correct and Biomek is not of them, once the test ia approved then they can use it on any machine.
The test is works with Beckmans' RNA extraction component and as long you use with that component and genedrive assay. You could use any pcr machine.
There is no point in adding biomek to the existing list or submitting a new application.