Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Ha! Well it certainly feels like 4 yrs. I do know my first purchases were north of 10p though. More fool me. My point is the same though. Burt needs to prove sales are growing.
OMG who has mentioned 50p? Don't be ridiculous.
HE1 will be doing very well indeed if it gets as high as 5p by the end of this year. It has to do another major placing which means yet more dilution for poor long suffering holders who are mostly still in the red. 50p is just stupid and idiotic. Do you really think the big players in the market would be sitting idle if this had that kind of potential? Nah. Didn't hink so
Watched the presentation again and feeling better than i did on first viewing. Some good points and some bad.
Regarding the Q about taking the company private, on reflection I think Cheek is slightly exasperated by the Q and shows his disdain by simply saying he doesn't want to comment on it. Good.
FDA for CYP2C19 will not achieve sales or revenue in the US until start of 2027. Bad.
More hospitals coming on line with AIHL, albeit slower than we would like. Revenue now coming in from EU and set to increase here at home. Good.
AIHL requires yet more evidence for NICE Full recommendation. Tedious but now not that far off. Revenue from AIHL will slowly increase anyway until we get that green FULL light.
Seems to me Gino didn't completely get the question about CYP2C19 receiving Full recommendation in July. He said yes but I actually think he was confused and said he sees no reason why it should change - I think he was thinking 'FINAL' recommendation. I'd like it to be FULL but can't see for the life of me why the stroke test would be able to circumnavigate all the data gathering evidence saga that has beset AIHL test.
FDA partner to be announced soon once they've signed on the dotted line. This was the scenario last Dec so nothing imv has changed on this and I suspect it revolves around funding being sorted.
We need the raise to be done asap - great that retail investors can participate - so the FDA partner finally commits. Are we in a chicken and egg scenario? Cheek needs a funder to see more confidence and less volatility in the sp to bring them on side but we need some more good news in order to provide that liquidity and sentiment.
Let's see if the two new hospitals taking AIHL are biggies. If they happen to be London ones then so much the better. That will help the sp. Clarification on whether or not CYP2C19 is due for FULL recommendation in July. If that was confirmed that would help too. Significantly. Then the FDA partner might come on board. Even better.
Personally a traditional placing would be great and much better than relying on further drawdowns from RF. Great to hear the BODs clear on their preference NOT to request more funds from RF but in the event it's really needed it's there. Ticks all round.
At the end Cheek says the company is in an excellent position - in a 'brilliant' place. I think he's right but there are two elephants in the room still lurking. Firstly, funding. We are ALL bored of hearing about it and talking about it now so Cheek has to get this sorted as top priority. If at 5p then that's really not so bad. At 4p I think even more retail will take it up. RF will sell their warrants at just over 10p unless the news flow improves hugely and is overwhelmingly positive. Personally I hope he goes for about £3m or £4m offering retail as much as they want. That would see us through to the point where sales of AIHL in the UK and EU and ME, together with a tax R & D rebate, cover annual costs.
So, he can barely hide the fact there have been conversations about taking GDR private but in the same presentation states he wants to give pis a chance to take part in a placing. Classy James. Very classy. Retail investors have been rinsed and shafted repeatedly here and now, in its death throes the CEO suggests pis might like to hand over more cash to send them merrily on their way before they make a fortune on the back of ordinary people. AIM is a totally disgusting and encouraging and rewarding a new breed of businessman where by it is acceptable according to the FCA to deliberately mislead the market - as long as it’s just retail investors of course - and make as much money for themselves as they like.
The longer I think about it the more gutted I feel. Yesterday felt like God news was about to land but today was one of the worst presentations I’ve seen from any AIM outfit. Like it was almost deliberately downbeat and disorganised.
Exactly my feeling Prof but…if that was their intention then why bother with the presentation at all? They didn’t have to. They’ve got enough cash to get them through to July with another couple of drawdowns.
Cheek’s answer to that question though was uncomfortable to say the least!
...with a nasty placing being announced at a horribly low price then. Gotta wait for tomorrow to see what Cheek has to say. Also hope a nasty red dot doesn't appear first thing. Would really be typical of my luck with this stock.
I now think Cheek WILL try to wait for good news to up the sp before arranging a placing because that's his best chance of moving the company out of the clutches of RF. If he can raise just £3m even with some fairly hefty dilution I think that will put the company's position into different territory. Perhaps once and for all GDR will be within clear sight of becoming self sufficient going forwards. Hope by the end of the summer??
Totally different circs surrounding the business and the company directors. CPX is worthless and Lars is abysmal and his decisions have put the company on the floor. £2m at a price of .1p isn't something to be impressed by given only a matter of weeks ago the sp was at .6p or higher. He's totally blown it and I suspect there is a plan afoot already to take CPX off his hands for peanuts. If the £2m worth of funding is going to a hostile company then they already have way more votes than they need to approve a sale of the company of say £3m. I suspect the FDA have got wind of something more murky than just the slow settlement of trades and now have to look deeper into what is going on.
Sales figures. All the new placements are very nice but it's sales figures that really count. In fact that's all that matters here in the short/near term. If those are bad then it's going to get even uglier here and highly likely to go bust.
Personally hoping someone somewhere will see it's a good range of products and take it off Burt's mitts for a few £m. £6 to be exact would make up all my losses here after four years of being invested. Flipping hopeless management and CEO.
If you're in here then bad luck. I hope your suffering will be at an end before long.
IG - that's what i thought when the sp was at 3.5p and we all knew then the funding was desperately needed. If a company can see the potential in GDR then I agree they would push to partake in a placing at the lowest level possible. Well, it didn't happen. I get the feeling Cheek wants RF out once he's got the good news he wants released and the sp at least a little higher than current levels. I can see a placing at 5p and that's why I've not gone in with too much today. It won't happen over night but come July I really do wonder how high the sp could reach.
Imagine if FDA partner is announced tomorrow. Sp will kick on massively from here and then a placing done at 20p for £5m. Boot RF out the door and then sit back relax and watch it climb all the way past 50p. Will take a few months but certainly worth the wait.
Is GDR expecting two lots of news from NICE in July? I thought it was for CYP2C19? I'm hoping for the NICE recommendation for AIHL to be upgraded to FULL but sometime this year. I am expecting NICE recommendation in July for CYP2C19 (this being delayed from earlier this year) but not sure if it's going to be 'Conditional' or 'Full'. Any ideas anyone?
If there is then imho - bwtfdik - it's a good sign as I think it suggests Cheek has done a placing and shares are now being forward sold. Once news of placing lands at say 7.5p or there abouts, then this is well and truly off to the races. 10p providing some resistance but once through that anyone's guess as to where this ends up.
I've just reminded myself that roughly three months out from the NICE final recommendation news was due for AIHL back in March 2023 the share price just one day took off and kept going all the way up to over 40p.
This is very similar price action. Back then, many of us thought the rise would stop or slow down but it just didn't. Of course then the penny dropped (Starres was the poster) that we wouldn't get full recommendation or revenue from sales for a long time hence and RF got involved (thanks Budd) and it was all one way traffic from that moment on. Down hill.
This looks primed for a similarly dramatic rise now. And I don't think it will stop at 10p. Cheek will use this to whip up huge sentiment in his presentation.
Enjoy the good days all genuine lths
I'm holding fire with another £25k because I think Cheek might find it easier to get a placing away now than once the sp is above 20p. If he does go for it now and that sees GDR's cash runway through to the end of the year then I think I'll just throw everything in. Hopefully a placing could now be done at something like 7.5p? With such huge volume today there could be forward selling going on right now. Would be amazing. Maybe even RF have forward sold a huge load of shares that they would be awarded in return for the last of the drawdowns? Don't know.
I did yesterday at 5p then sold out at 6.5p today and then bought back in with £10k at 6p and been buying all the way up. Just hope and pray this is the last time GDR leaves me high and dry.
It's the FULL recommendation that has made me jump back in big time though. Get that and GDR will make £8.5m revenue from the UK alone. the mcap will absolutely rocket. If AIHL could only get Full recommendation too then we're looking at silly prices. I just want to make up my losses as this has been a draining stick to hold and promised much and delivered nothing for the last year. It's time to deliver properly. Once and for all.
What an amazing turn around here. It's the Full recommendation that is catching the eye of many.This was the Holy Grail that a year ago people realised for AIHL was still years off. If the other test gets it straight away then GDR are home and dry. Blimey. Would have been well on my way to recovering my huge losses here if I'd just held on for another 3 weeks. Flipping heck. Oh well, at least it's good to see the potential finally, finally start to be recognised by the market.