RE: Question?26 May 2024 19:03
Precisely muminr.
People hoping for an immediate uplift to 10p seriously need to think about what would have to happen in order for GDR to gain an mcap of £68m!! An awful lot of jackpots would have to be won in terms of sales contracts for AIHL test with the NHS, Eu countries and Middle East, FDA approval - which GDR isn't even applying for until early next year - and then the same again for CYP2C19. It's all in the off'ing but will take time. Crikey, how long have we all been saying that?!
Realistically imv the sp and mcap will rerate if the fund raise is successful but not to anything silly. I'm hoping for 5 to 6p as July 10th approaches and then who knows what happens there after. If all that good news comes through AND if the iis getting on board at 1.5p decide this is really going places and want to hold on to their shares then I could easily see buying pressure take the sp up to close to 7 or even 8p by the end of this year but as has always been the case for GDR, it needs to have proven revenue generating going on in multiple territories and with more than just one test. That final hurdle is still years off so an mcap of £68m and share price of 10p are for the dreamers for a while yet me thinks.
There is also the possibility the iis dump shares the second they can guarantee a profit of 100% and so the sp might struggle to get past 3p until two or three hundred million shares are churned. Yes, 2 or 3 HUNDRED million shares. If that happens then I hope everyone is prepared for a long hold of 2 to 3 years. I'm convinced it will come good but some serious patience required and a thick skin in order not to be deterred by the repeated decision making of the BODs. It's good that they're in it for themselves soon but it's been tough on lths. Going to be fascinating to watch this next week and for the next two mo6 or 7 weeks and then up to the end of the year.