Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
There is no question the BOD would have made the most of any opportunity to arouse sentiment by suggesting FCA approval might be imminent. It wasn't even mentioned in today's corporate update so I think it's safe to say it's some way off still.
'as usual it is being controlled/manipulated .'
Not so sure about that. Other than at opening this hasn't been NT so it's just retail buying/selling and nothing more. Many i suspect are taking profits fully expecting the sp to drop back so they will be back at some point soon. It's telling that not a single ii is getting involved yet. That's when this will fly. Not even managed to hold on to a 10% rise. I'm very surprised.
Oh and mickey1223 you posted the following:
April 8th 'The company is about to go ballistic'
April 8th 'All will resume soon'
March 27th 'Just a technical glitch all going on at once'
'Back up and running soon'
27th March
'Just a technical glitch all going on at once'
'That RNS woke me up I have to say . Will all be fine.'
Poppy c.ck
This is from the recent RNS - 'The Fundraise, for which Shareholder approval is being sought, is necessary to avoid the Company being placed into administration'
the company has no money and will go bust if they don't succeed with this placing. the stock is now suspended. It's a great look and if you believe all the carp on here about the sp about to fly then you're a sandwich, basket and blanket short of a picnic. If there are investors seriously interested in this company and its potential why don't they just let it go bust and then pick it up for peanuts? Honestly some of the posting here is utterly shameless. If like me you have money tied up in this fiasco them I'm very much afraid you're about to lose it all. All the stuff on social media can be made up - it's not in an RNS and that means for AIM CEOs they can say whatever they like and retract it later or just say 'oops' they made a mistake. You see it all the time on AIM. Companies putting out messaging suggesting company growth, imminent contracts and positive outlooks etc etc and the very next thing out of the blue is announcing administration.
It's just not possible for a company to be telling the truth after such a dreadful period and decline in its share price of over 96% in just six months and all the recent legal proceedings that have all failed and an admission that they are totally broke and unless funded immediately, bringing with it absolutely massive dilution, that things are actually looking rosy and all is well. Lars has fu.ked up royally and lining this up to either be taken private or sold for peanuts or admin. He's just swindled about £150k out of retail punters to pay a few bills and get another month of salary cheques paid out but I reckon this second placing is a total sham. Could be wrong....
Cuckoo cuckoo...
'and we know they are making strong revenue from multiple sources'
no we don't, because the BOD won't confirm any figures. That's just wishful thinking. I would dearly like to know the levels of revenue at the moment but everything is hidden from view. GST is making money yes, we just have absolutely no idea how much and let's face it if they were making shed loads the professional investors and iis would be all over this like a rash. As things stand they aren't. Presumably because they too can't see what's really going on.
Hoping the BOD give a much clearer update soon. This one was good in terms of sentiment but it's given the p & d gangs another chance to make a quick few %. Wish we were sat at 2p!
About 9 or 10am tomorrow and we'll have a slightly better idea of what shenanigans are going on here, whether or not Lars has done the dirty or pulled off something incredible. I know where my money is - and there ain't anything I can do about it until the suspension is lifted. If it's lifted that is.
'and this is not financial advise'
ADVICE ADVICE ADVICE This is not financial ADVICE.
I would not ADVISE anyone to take your posts seriously Tiger. You've posted RNSs due any second for the last couple of weeks and there has been nothing, so it's fair to say most would rightly consider your 'opinions' as utter made up sh.te.
Yep looks like that massive sell has stymied today's rise. Not sure why someone would have sold even before the rise had got going though. Without it I think this would have been well over 1.5p by now. A 10% rise doesn't feel right for the news in that RNS. BODs haven't helped though by once again not being very clear with their comms. A $36m revenue contract is great but the market clearly doesn't buy it. they don't say for how long, how much profit they hope/expect to make per year so it's just too vague to carry any serious weight and give cause for a sustained rerate. Back to biting finger nails for another few months.
Still think another small raise is due about now. Last two were for about $750k and $850k I think? Another one with minimal dilution wouldn't be a bad thing and would provide a confidence boost that the acquisitions process is ongoing and leading us to the promised land....
Ooh only 7 trades today. That's not good for this company right now. It should be rising a little by the day with NICE news due to be confirmed by the end of this week. Official publication is in July but the public consultation ends on April 26th I think and we will be able to see on the online NICE page what the decision has been. I can't believe this company stocl is going to shaft me yet again... surely not?!
I'm thinking and hoping that some positive news will come from NICE that will see the sp shoot up and then Cheek pounces on a placing at a big discount but....at a price similar to where we are currently. This I hope will be swiftly followed by an announcement of the new partner for the FDA application process.
Odd we were told in an RNS about Brighton Sussex hospital taking on AIHL but we've heard nothing about the two new ones Cheek mentioned in his recent presentation.
I really hope GDR doesn't end up being yet another AIM company that delists because it's so undervalued on the LSE. The UK investment markets are slowly but surely turning to sh.t. Wasn't Brexit a wonderful thing eh?! So much good has come of it and everything is just that little bit better. Oh no, hang on a mo....
Amazed this can just about hold on to a 10%increase on that RNS. Why?
Could another placing be on the cards? They’re still acquiring numerous bits and bobs so perhaps another smallish placing of another £750m or so? Just can’t understand why this hasn’t risen more. Hmmm
Was hoping for one of those amazing GST rerates on that news. People selling already! How can a $36m contact be announced for a company with a $30m mcap and the sp can’t even rise more than 20%??
Really expected more. Much more. The wait goes on
Seen a very similar strategy with a company called Verditek. Only they weren’t suspended. They just went bust and were taken over as a cash shell. Sp dropped by over 99% and then Stream of messaging on social media platforms suggesting partners in Europe, Asia and possibly global and things were looking brilliant. They even said something similar about being excited to tell share holders of fourth coming plans. It went to sh.t with almost no warning. Sale will happen here. They’re putting out this rubbish because they can lie on social media as opposed to an RNS. IF - and I don’t think it will - that second placing goes ahead then of course they want you to vote for the 80+% dilution so they can then get a partner on board at a low price who will then vote to take it private. Happens all the time in AIM. CPX retail shares holders will end up with nothing. If the placing goes ahead and is approved then who ever had 80% of the company can do what ever they like, even to dilute you again by another 80%. How? Because they’ll be the major share holder. It’s bent and we’re going to be shafted. All my opinion but if you’re thinking of investing here…just don’t! Save your money and put it somewhere safer. Look at the recent history of the company. It’s been an utter disaster but now things are all rosy, as if nothing bad has happened. Sham
Tiger, Cheek said they were finalising contracts and ready to sign back in the December presentation and led us to believe it was imminent. Nice news was at that stage a full seven or eight months off. Something has cropped up that’s stopped then signing on the dotted line. Maybe they wanted RF out. They are now. But still there is no signing on the dotted line. I think it’s the funding issue. GDR isn’t far off from going bust and that’s got to be Cheek’s biggest hope - that the sp starts to fly as we draw near to that hoped for full recommendation and he does a raise on the back of that, and then the FDA partner will sign.
Only problem is the sp won’t budge. It’s now not down to RF dumping shares, it’s purely that hardly anyone is buying. We’re in a chicken and egg situation. Everyone knows NICE news will land soon. Unfortunately everyone also knows so will a placing at what is likely to be a hefty discount.
Tiger, if you’ve put a lot of money in here then good luck. I’ve lost massively thus far and don’t trust any AIM management. When NICE news lands (assuming it’s good)& the placing is announced then I’ll get back in with more serious dosh. At the moment this amounts to a punt. One I’ve now got £22k in at 5.75p
Hope it goes the way you need it to.
Blimey there are some furtive imaginations being displayed on this bb. Great entertainment value.
Second placing will imo be cancelled and then an RNS announcing not enough funding to continue and BODs seeking administration.
Who in their right mind thinks a company that’s just failed to win consecutive patent cases and has seen a drop of over 90% in its sp in a matter of weeks and is now suspended would be a good investment case. Already written this off in my portfolio, much the same with every other AIM stock I hold. It’s all crooked.
But if you want to believe Santa is just around the corner and going to deliver early pressies then you go ahead.
Tiger, oh the irony of you telling someone else to grow up!
Cheek heads up a business. It’s struggling for funding. It’s his job to look at the options. He will be having numerous discussions with many people and organisations about the company and its immediate future. There will be sharks circling for sure. It’s a business with huge potential. If you think Cheek won’t have discussed all the options, including taking the company private, then it’s you who needs to grow up, and fast.
I’m actually not saying I think it will happen but Cheek was as honest as he could be. I believe his hope is still to arrange finance on the back of the next NICE news. Unfortunately for him and those invested the sp is not doing its usual trick of rising when good news is imminent. It’s even worse because RF have no shares at the moment sob it’s purely down to the fact sentiment from the market is almost non existent.
There is a partner lined up for funding the FDA application. Has been even since the Dec presentation. The question we should all be asking is why won’t or can’t Cheek announce who it is. What needs to happen in order for them to finally sign on the dotted line? Is it that they need to see GDR will survive and can get a placing away or is it that they themselves will not commit 100% until a FULL recommendation is confirmed by NICE either at the end of the public consultation In a week’s time or the publication of the consultation which should land in July? Who knows?
Lots of potential here but for both good and bad outcomes for current share holders. If that FULL recommendation lands then it’s a whole different ball game and those aforementioned sharks will be circling ever closer. We have to hope Cheek doesn’t get lured by a big offer from one of those sharks to take it away from current share holders. That’s why he’s paid £300k per year perhaps. Gilham needs to step up as soon as possible and line up a healthy buyer to take it out for a decent sum. If by some miracle we got to that scenario then a bidding war might even be on the cards. Long way to go before we get there though.
I’m saying current share holders won’t have to vote for or against anything because the second placing might be cancelled and then they’re left at an sp of .1p with trust and confidence in the CEO all but destroyed. He’s got one hell of a task on his hands to rescue this. Personally don’t think he had the ability and think it’ll be sold at current price and taken private. Either eay I don’t see this ending well