Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Can this be forward selling at this price ? Unless of course a placing will occur at .1p
As for the idiot who calls this an investment project... I've been here since just after it was listed and have seen 90% of my 'investment' wiped out in just the last 6 months by Burt's inept handling of this business. He's been a car crash for this company. No two ways about it.
Price drives narrative. Yep. spot on. Sp is on the floor and going to zero so guess what, major shock , retail investors have a moan on a bb about the CEO being crap. Burt needs to step down immediately and the company needs to find a new and respected individual with at least some track record of being able to sustain professional relations longer than 5 minutes.
Personally think it's too late now and that this is over.
Burt is a stubborn and intransigent buffoon who is far too emotionally attached to this company. He needs to go asap or this will go bust. He’s proved beyond doubt he doesn’t have the skills to lead the company forward, and is difficult to work with. Time to head for the door Tony and do the honourable thing. You’re losing people money here so F off and let a professional take over
Believe it or not Slacker I don’t think GDR is that far off managing this, or at part to the point where it becomes a much more attractive proposition to offer finance to.
GDR receives £1.2m per year in a R&D tax rebate. Income is currently £250k per year and only going north now there are EU and Middle East sales of AIHL tests. Also some funding from a handful of Grants means GDR could already be well on the way to covering about half its annual costs. If it could find a loan on reasonable terms for about £2m then things start to look interesting.
Everything imo rests on how soon the rest of NHS neonatal units take up AIHL and the NHS starts using the CYP2C19 tests. I actually don’t think it’s that far off. Maybe I’m just getting Misty eyed in my old age, and yes, things are tight just now, but I think GDR is very close to a tipping point where circs look more promising and sentiment from the market will change. Finally.
Burt is clearly a very difficult individual to work with and given his lack of managerial and strategic skills I think it’s a great shame he hasn’t gone instead of the intl ii rep.
Another AIM failure. This will be bust in another two or three months unless good sales results can be released. If sales were going well why would this chap have resigned. Think it’s all over myself.
Not sure how this can be seen as good news.
Something seriously awry if Director is leaving after only 6 months.
Mister P pls be careful to ramp this. You can follow progress of the consultation process and, as mentioned in the presentation, it’s not a forgone conclusion to get Full recommendation. It has already been established that NICE suggest lab testing whenever possible should be the first option. That’s already dented the potential revenue for CUP2C19
Judging by the current malaise and almost non existent volume - less than half a dozen trades a day - I don't think anyone is expecting very much from the next RNS, whether it be regarding funding or sales news. This is another AIM catastrophe. As someone else on another AIM stock posted today Premiership products with Sunday League management.
They need funding urgently and from the way things look they are struggling to find it. Don't think Cheek will risk waiting for positive news to cause a major shift upwards in the sp. GDR has shown many times that you just can't rely on the NHS or NICE or any medical bodies to move the way you might expect or at anything other than glacial pace. IMHO Cheek will be desperate to get some financial security from somewhere, anywhere other than RF.
As I mentioned before I don't think the Question about conversations about taking GDR down the private route went down well. If that was the plan then why bother with the presentation? Just keep schtumm and let the sp keep dropping and eventually they could put out an RNS saying they're considering their options due to no funding being forthcoming? The sp would drop even further and then those offering to fund the company privately get it dirt cheap.
Just have to keep hoping they land some good news very soon. Certainly looks like it's going sub 5p again soon. Tiger is talking out of the orifice near his tail...Suspect you're right in that he's jumped back in expecting another GDR mega rise only things are different now. everyone knows how long it's going to take to become financially self sufficient and so there is no quick route to glory now. Just a long hard slog and keep things crossed that one or two things go their way for once.
Most likely not because some kind of deal will be done being closed doors with the CEO whereby he runs the company into the ground and it’s on the verge of admin and going private is presented as the only option. Job done. CEO saves his own bacon but everyone else gets stuffed. You do realise this is AIM? Happens all the time.
Reborn? Ha, as what though?
Still suspended. Awfully long time considering the initial raise was only for about £150k. Obviously someone doesn’t want to cough up but the FCA is allowing them as much time as they need to find a way out.
Mmmm £5m? Would love to believe they could do that but at what discount and how much dilution? It would be horribly punitive with current mcap only sitting at £8m. Don't even want to think about how hard that could hit lths after all they've been through.
Would prefer a more modest £2m which with increasing levels of income and cash already in the bank sees them just about into next year. if we haven't had any amazing news or the sp recovered by then then perhaps it should be wound up! I think they could perhaps get £2m at a 40% discount... Thoughts? It would be a kick in the nads in the short term but hopefully a recovery would be doable.
Actually, let's just have a buyout at 28p. Go on, please!
I wonder at your optimism Tiger, and you're far from being the only poster here who has that kind of belief in GDR's future.
Sadly the company performance to date has been iffy to say the least and I think many would find an offer of 27p hard to decline if it landed right now. Not sure how much retail own of GDR but it's a fair old % so any vote to approve would be tight. Hypothetical I know but sure makes a pleasant change from guessing how low the next major placing is going to be.
As for a sale at £1 per share....? Er nope. Don't see that. That would be selling the company for well above £100m. Company is currently desperate for money and earns £250per year and the mcap is just £8m
As I say, I admire your outlook.
Ats - I think you are right. Any buyout offer must at least match the high of the previous 12months. I Don't know if that's an AIM rule or general stock market rule but it makes sense or companies would constantly being bought up every time they had a dip in share price, even if for a good reason. Stands to reason. And on that basis any such offer today would have to be at about 27p. I wouldn't say no! Now got £35k in at an average of 8.16p I would recover all of my losses and make a small profit. Now wouldn't that be a result after the heart ache lths have been through here. If this does dip significantly further or a placing occurs at 4p or less and retail are invited to participate then I will get my hands on as many shares as I possibly can. Until funding issue is sorted and announced however I will stay the hand at this level.
You're entitled to your opinion Tiger, as am I. I happen to disagree. Since selling out about three weeks ago, when I was still about £75k down. I have now bought back in with an average of just over 8.15p. Already after only 3 days I'm down another 25%. I think the funding issue is far too serious here and there are simply no guarantees of income any time soon. Every time GDR followers think we're nearly there we learn of yet another delay, or condition of more data gathering. It's never a case of simply being given a green light. AIHL had no competition so was given CONDITIONAL recommendation meaning the NHS neonatal units don't have to use it. CYP2C19 does have competition so will be granted (hopefully) FULL recommendation meaning we can sell it but NICE has kindly stated it prefers the NHS to use lab testing. You couldn't make it up the number of times the NHS/NICE seems to either shoot itself in the foot be slowing down progress or making odd decisions. Even if CYP2C19 gets a full recommendation in JULy it will then take at least another 2 years before it can be sold in the US.
So no, I don't think this is about to go on another surge. That happened last week and I suspect was short lived because of forward selling by the placee. If it wasn't then I think Cheek will be kicking himself for not having lined something up and now having to go cap in hand when the sp has dropped back towards 5p.
I'll hang about until we know what the discount will be and just how much dilution there will be. It's going to hurt in the short term but as always I think in a couple of years time things will hopefully start to turn round. Finally.
'The effect of the settlement is that CAP-XX has no litigation matters outstanding and the Board and management can focus fully on continuing to progress the CAP-XX business.'
No one forced the BOD to take on the litigation issues. They called it, went for it and got it wrong, causing huge damage to the company. They're now effectively admitting they've taken their eye off the ball whilst attempting to pursue those legal cases and have put this company in a terrible position. I agree that the 10% of Pis who have large holdings here seem to be very quiet. Too quiet for my liking. Lars has something lined up but I fear it isn't the lining of any retail investors' pockets.
Suspended for nearly two weeks now. Not looking good is it?! Who ever it was that confidently predicted an RNS on Friday or first thing this morning stating suspension over and that there was nothing to worry about got it wrong. Clearly more serious than we have been told.
None of us knows for sure, and assuming a placing price has already been agreed, I wonder how many of us now suspect that rise last week was well overdone by the mms to help the placee get their shares forward sold..?
Trouble for Cheek now is that everyone knows the placing is coming and so buying has suddenly ground to a halt again. He is playing roulette in that he can either wait it out and hope some good news lands very soon and do a placing on the back of another slight rise in the sp or....he can just get it over and done with at a lower price. Speaking for myself I am waiting to know about the placing and if offered the chance to take a chunk at the placing price then I will. Think Cheek might be surprised by how much he could raise from retail if he confirmed RF will take no further part in providing funds. It will spring back up once we start to near in on July NICE news. Would actually help me recover some of the losses I've had from the last few years here.
Full or just Final and conditional approval in July for CYP2C19. This is a critical issue for GDR and we need to find out from the horse’s mouth what is expected.
Anyone have any contacts within NICE and in a position to inquire?
The answer will definitely have an impact on the sp over the next 10 - 12 weeks.