Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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
Lars imo has done the dirt on holders here: got a placing away open to retail investors to pay a few bills only to cancel the second one for what ever reason and then say the company is going private.
How can anyone in their right mind vote to approve an absolutely huge at a massive discount for a company that is in suspension??? beggars belief what Lars is up to at the moment. It’s been truly appalling over the last year or so and now he’s just taking the pi55
Oh, and still nothing about resuming trading. I wonder why?!
Rubbish. EISB were putting out positive updates about new customers for ages and even told the market sales were doing well. Out of the blue, in just three days they announced they were seeking administration
This will be similar. Company might be taken private instead though or sold for not very much
Because, Stephen, they’ve been assured finance from private sources. If they are determined to keep it on AIM and publicly funded then hiring another director would be tantamount to an act of self harm.
It’s just wrong. All wrong. They were hoping for some kind of big surge from that presentation but let’s face it, it was dreadful. A pathetic finale from Cheek saying the company is in a brilliant position was just a classic example of AIM Director desperation. I’ve heard similar recently from the likes of EISB announcing administration three weeks after a presentation in which the CEO talks about hopes for 2024 and heading for a profitable year of sales etc. it’s all bs and GDR are in the worst possible position financially.
I fluctuate between mildly optimistic and desperately pessimistic. One can’t be being realistic if after that presentation you think everything is going to be ok. It’s on a knife edge and given GDR’s track record with sales and the pedestrian rate of progress within the medical approval bodies, one just can’t be confident. You’re blind if you think or say it’s a great investment.
They couldn’t replace them - if they ever had them in place that is. I don’t trust anything that comes out of this company any more.
Think you’re right techie- this is going to blow up before the GM and not in a good way.
What idiot thinks this can do a 400% gain immediately after a massive placing at a discount of over 75% and 80% dilution ??? Some folks are deliberately to lure in retail investors here to try and make a quick get away and slightly reduce their losses.
Said it before, just can’t see this coming out of suspension any time soon, if ever. Lars imho has done the dirty on share holders and pis will walk away locking their wounds yet again from an AIM iffy bunch of Directors
Today typical of my luck but I sold out at $1950 feeling rather smug and clever but then bought back in at $1650
Seemingly no end to the dumping going on and btc just in free fall thanks to geopolitical tensions and worries about the imminent halving. Just gotta hang on for longer than I’d hoped. Now a good time to lower my average or is this now heading below $1k? Lot of shorting of MSTR happening now too plus Saylor and other Directors all selling stock. Worrying times
Chartists now suggesting btc is going to slump as low as $51k in the next few days and might not recover into the end of the year. ARB missed its only chance of a lifeline when it failed to do a placing when the sp surged above 30p
Nothing temporary aboutc this. It’s finished and will either be delisted or sold very soon for peanuts. One again retail investors shafted by poor management. Lied to, market sensitive info withheld last year, and latest presentation giving a heavily skewed version of where reality lies for this company. Anyway, another lesson learned.
Stockpick - 'A big reason is that River Fort have sold all their holding. This was mentioned by the CFO at the presentation and it sounds plausible. For the last year, every rally has been killed by massive dumping.'
Agreed.
No dumping going on any more. Just need some positive news and there will be a rally which for once will NOT suffer the RF drag caused by shares being dumped. Is any good news expected? Yes. More hospitals committed to AIHL tests. More revenue. Sales of this test have only just begin in Europe and ME and revenue is already up from £50k per year to £250k. If that can more than double again in the next six months then things start to look healthier.
The plan is to have an 'open offer' to existing share holders. Personally I would prefer that to be at a lower price than a higher one for obvious reasons.Any ii funder is going to want to place at a lower price too. We know the company is desperate for funds. What comes first? The good news which sees a rally in the sp and then pis have to pay more to participate in the open offer and ii has to come in at a higher price and therefore probably more dilution. Or do they run things as close to the wire as they dare, do the placing and open offer at a lower price and then release as much positive news as they can so everyone wins? Will the ii want to forward sell? Almost certainly. They can only do that if there is a rally in the sp or a placing happens at a horribly painful discount to existing share holders.
Just so up in the air. No idea which way it will go. I"m back in but for once am prepared to wait for a clear sign which way the BOD want to play this before I consider putting any more funds in. Been a long and very painful experience holding here but I hope it comes good for everyone this year.
I very much doubt Burt will still be there if the Chinese end up buying it. He's proved beyond all doubt he's not a capable businessman. My guess is - a wild one I admit - that the recently departed Chinese sales rep will end up being appointed the new CEO or head of an Asian arm of what ever EISB ends up being called. Probably a million miles off as usual. Just relieved I didn't throw more in here when the sp was hovering around the 2.5p only a few months ago. Since early Jan it is down over 90%. I always live in hope these minnows can survive and stick two fingers up to the establishment but they rarely do. When there is something worth having the iis get it by hook or by crook. In this case the inept CEO played right into their hands. The Chinese got their man on the inside and have seen this collapse from a bird's eye view. They probably knew they were on to a winner over a year ago.
What a bugger. Only hope is they actually buy it out but I don't see why they need to bother now. They'll end up being given it.
Farewell to my £4.9k - and that was when the share price was at .5p.
Burt is a stupid see you next Tuesday. Oh well another one down the drain.
What, Tiger, you mean it's a punt? Get away!
It's not good that after one week Cheek has already failed to deliver another 'gain'. He clearly stated two more hospitals would be coming on line this week. We would have been informed via an RNS, as we were when Brighton took AIHL tests. We have heard nothing. Shame. GDR holders are used to disappointment however so this is no great surprise.
Yeah Janoz, after the last few months everyone will want a piece of this if it ever comes out of suspension . The CEO has definitely shown the company is really going places and that he's a 'safe pair of hands' in terms of looking after investors money. LOL
I wonder if that second placing will go ahead? Maybe they've failed to get any interest from iis. I would not be in the least bit surprised if it's not approved anyway by existing share holders.
All the rampers who were confident this would be back to trading in a week seem to have gone a little quiet. Lars probably on holiday