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I reckon RF will have sold a shed load today and that has to be good news for Cheek moving forward.
Still not even thinking of buying back in though yet because there will 100% be a fund raise and it will NOT be done at a premium. There may well have been some forward selling today from who ever is lined up to do the placing.
Cheek can either get the funding issue sorted now or take a punt on whether or not more good news lands in the next 2 - 4 weeks. If it did then he can try to get a placing away at a higher price. If it doesn't then he can be squeezed horribly into accepting a punitive and damaging discount because he'll have absolutely no choice. I think he will want rid of RF as soon as he can so my money is on doing a placing sooner rather than later even though it will be at a lower price. The sooner RF are out the sooner the rotten smell disappears and I think with money sorted retail will get back in here big time. Not yet though. Not yet. If he gets a raise away at 3p then Cheek will have done extremely well imho. From that moment on I'll be buying all I can afford, but not before. GDR has disappointed far too many times in the past for this to be a sure thing.
Yeah pretty sure now that this is going in only one direction. Shame but Rowan hasn't got a scooby. That's why he's got so many people around him to try and hold his hand and tell him everything's going to be ok - when they know full well it isn't.
Good sign.
Looking forward to the days when there are 1000 trades a day here rather than just 10 though. If the lse bb super rampers start posting one day then we'll know we have the full attention of the 'herd' and things are going to get interesting.
Hopefully it will be more weeks rather than months to wait - and definitely not years!
Can an offer be made to buyout CPX whilst it is in suspension? Nothing would surprise me with this sham....
Totally agree FCA are there to aid iis in fleecing retail and help them circumnavigate the rules. No teeth, but that's exactly what the LSE wants, a regulatory body it can lean on and squeeze when ever it chooses.
'No one said we were running out of money'
OMG who is this utter clown?
RF funding has damaged the sp, from 30p to 3p in 12 months and as things stand they are the ONLY possible source for further funding we know of.
I hope Cheek will, on the back of this good news today and more in the pipeline, be able to do a traditional placing. It will mean dilution but at least the funding will not come hand in hand with an activist share holder like RF. I actually think this will rise further today but I am waiting to know with 100% what the funding solution is before I buy back in. If the sp can get up to 7 or 8p today/tomorrow then a placing at 4 or even 5p might be on the cards. Then GDR would be off to the races with that out of the way and RF drawdowns a thing of the past.
Sorry System, call me a cynic but I've been in GDR for years and been disappointed so many times by mngt not telling investors what's in store. We DO know a raise is imminent and from my several years of being invested in AIM companies (far too many!) I have seen this kind of rise on news only to realise a few days or weeks later that a placing was forward sold. I absolutely don't know for sure that's what's happening right now but I'll just wait for concrete news on funding before jumping back in. If that means I miss out on the rise of a few pence then so be it,. Enjoy this moment though everyone. Good to see GDR on one of those huge upward curves on the charts. It's been a long, long time since that was the case...
Told you System, I sold out and have missed this rise. Happy for lths here though. They deserve this.
This is the beginning of the long climb back up to something exciting and hopefully they can rid themselves of RF. if they do that I’ll buy back in as with funding secured - even if massive dilution - this will have huge potential to get back to 30p or higher by this autumn. And hopefully FDA partner news to land soon too.
Oh dear, not looking good here.
I really liked this post though from someone ‘I honestly can’t see this dropping further’
It’s suspended??! Made me smile though. Something definitely questionable going on and who ever is now not settling their purchases is probably having to explain to the FCA what’s going on. If it’s an ii then all will be well as they’ll get a gentle slap on the wrist and the FCA will probably help them sort it out and then re admit to trading.
Could be weeks off the trading floor.
AhS - I think you’ll find that needs to be voted on first. They’ve hinted at it but not a forgone conclusion. And if they have then we know it’s at .1p which give us a mcap of less than £1m. Someone somewhere is having a laugh with this stock.
‘ I wouldn’t mind seeing these suspended until then.’
Not sure this is ever coming out of suspension. If it was a minor matter it’d have been back trading today. Clearly there’s something more underhand afoot and I wonder if the FCA for once has got wind of something and actually done something about it ie investigating it. The authorities love to hate Musk and so if there’s anything untoward going on they’ll try and uncover it and nail it.
Ha even sooner than you thought ICB
Ok mickey. Please explain why the mcap is actually less than £1m when you categorically state as fact the IP is worth and estimated £30m.
I look forward to your response as to how the market is undervaluing CPX by a factor of 30. Thanks
Loads of info being posted here but the only thing that matters is the sp is dropping consistently. It's now nearly 30% below the placing price and there is no news due on the EWT etc for months and months. What we have been told however is that they will need to raise further funds and so another placing is coming 100%. Only questions are: when, how much and at what discount? Will any existing share holders be offered the chance to partake? I doubt it very much.
Zak was probably pretty close with his .5/.75p option. No way is this climbing back up above the placing price. Not for another 6 months and even then it's a huge risk. Lorna and her team could well have got things slightly wrong and things might not work out for them the way they wish. Be careful here, be patient and wait for the sp to slip a good deal further before rolling your dice.
Swings and aroundabouts kiwitwo.
Roughly the same amount being sold/bought each day but the sp is slowly but surely sinking. It's just yet another AIM rotten egg.
Lucky8s - I've used the same approach a dozen times with numerous AIM companies and guess what...every single one ended up dropping to almost zero or going into admin. AEG is heading the same way.
there are 7 or 8 Directors here all taking a monthly salary, not to mention the other staff on the pay role and their income is negligible to zero. Mcap of £700k? There will either be a huge placing here in the next couple of weeks or it goes into admin - or is sold but I don't think anyone is interested.
If the sp suddenly starts to come to life then you can be sure someone is forward selling so don't be tempted to jump on board a train that is going down a blind alley.
If it's bought out it will be taken private. I'm 100% convinced of that. If they get to the point where sales cover their costs then why share all the profit with other share holders and take on all the faff that comes with being a listed company. I really hope that doesn't happen but AIM is so bad at the moment what with the Financial Authorities turning a blind eye to even the most obvious rip offs on AIM taking place on such a regular basis these days.