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And for all of which POW has a mcap of the princely sum £22m. Markets just don’t buy it. Sadly. I am invested here but raise at some point PJ is wanting to get a hefty cash raise away and I’m sure he wanted to do it on the back of a healthy rise caused by evident at Molopo. Clearly not going to happen so if Tati doesn’t cause a stir soon and there are no jvs then it’s going to take the sp back we’ll under a penny.

My big hope here is a JV announcement but for that PJ has got to do some serious exploration and be able to wave some impressive results in the face of some third parties. Here’s hoping that happens in 2023 and we don’t have to wait until 2024!
Happy Chrimbo.

No, they don’t.

Having believed the GDR PoC testing kit was dead and buried I’ve just seen the news supposed Covid figures in China. c250m cases in just 2 or 3 weeks. The chances of new strains emerging are suddenly extremely high. Could there be any chance that GDR’s product might be needed after all? Would be the greatest of ironies that after the UK Govt scuppered a British medical diagnostics company by its greed for mates to make money from China, that China itself might be the making of GDR in adopting its machines for widespread use to try and get cases reported accurately .

Probably not but hey, one has to be able dream to be a GDR share holder!

*AIHL machines

Population of Saudi Arabia is about half that of the UK. 18th largest economy in the world and very wealthy nation per capita. If this gets rolled out in Saudi Arabia then we're rolling.

If memory serves me right the IHL machines cost about £2k each and a test is about £70. Saudi Arabia will most likely not have anything like all the red tape any product has to endure in order to make it to the UK market so this could happen sooner rather than later. If a rough estimate of income in the UK is something like £4m per year (that's working on the basis there might be as many as 70k tests per year - and doesn't' include the cost of the machines) then Saudi Arabia could easily be half of that although more likely closer to a quarter). Tot up the potential of the US, EU, Middle East and Far East and one's eyes start to water a little.

I don't know anything about this Distribution Company but together with the recent one set up in Austria at least things appear to be moving in the right direction.

We just need one announcement celebrating a sales agreement and things will finally begin to turn here.

‘ for some reason the market thought the business was worth 20p a share last September’… ok a year last September.

So, this is going really well then and only down just over 80% since then. Another dud going nowhere. Oh, but this is one for next year I hear people cry…Yada yada…

Well, for all the ramping and pumping of POW in recent months PJ has achieved very little in terms of delivering value for share holders. Posters will jump in and say to the contrary but there is only one yardstick by which to measure success as an investor and that’s the sp. It’s going down not up and the one thing that could be transformational would be a huge discovery and announcement of a JV partner for one of POW’s projects. Don’t look like there’s any chance of either of those things gaining any time soon. Personally think Molopo has turned out to be disappointing and they’re going to have to do far, far more drilling to stand a reasonable chance of finding something worthwhile there so that will take years. Tati at least is now being fast tracked and focused on as I’m sure PJ knows he’ll slowly lose the mcap here if pis don’t see anything ‘transformational’ on the near horizon.

Anyway, for now it looks like we’re heading back towards a penny. Great. Yet another stock of mine that’s destined for greatness in 2023…. Until that becomes 2024. 2025 etc

Delivered an 80% decline in just 4 months.

Really quite a way to go. How long before it’s bust? Obvs nout happening so not sure there’s anything to expect other than news of Directors holidaying in nice places.

Sorry mac but what planet are you on??

‘ Since we have not heard about the sale, but, we know that it is complete and submitted…’

Complete and submitted???? Did I miss something? This is total and utter bllx and yet again you continue to attempt to persuade pis that this is all simple and already in the bag. It isn’t and imho won’t ever be. BODs have botched this up good and proper. Their priority now is clearly to extract as much money for their own pockets before they give two hoots about share holders. Especially pis residing in the uk or EU.

The markets are on the floor and my own theory is that mms are hammering as many stocks as they can, overdoing it, so their mates at some point can fly back in early next year and make an easy killing.

Inphobe - at current sp levels and mcap though Budd and Gilham cdnt raise enough to make that much of a difference to long term security. Think they’ll be confident enough of a rise in January in anticipation of NICE news being positive. Just mho. Hope we’re bought out myself.

Nice article but.. no relevance to GDR’s current dire situation. Without the ability to do a cash raise and only max 6 months left of cash (ooh take off £50k of revenue for six months up to June 2023) GDR is in the lap of the Gods. Sp rise and we’ll be ok. If not, it’s toast

I think you could be right and that the BOD might now be hedging on mining themselves. Long term great but short term disaster as they’ll need a huge amount of cash

What a car crash. Where on Earth will that leave KDNC?

Where has that link to the company Christmas party gone?? Any reason for it being removed? Was it on the Genedrive Twitter page? Or is a poster here who is actually a company employee - obviously not a Budd fan if so…

GDR must improve share holders value or it will go into administration! No company can continue spending £400k a month and generate only £100k a year. The directors will have to raise funds or they will run out of money. The company is in a knife edge and I suspect only a handful of employees realise. That’s why my open feeling is Gilham will be trying to line up a buyer and doesn’t object to the current low sp. Any buyer will want GDR fit a bargain. At the moment they’d be getting one imho.

Tks markinvestor. We know what that means….

Could we get to a 5 year low here today?

I wonder how many of those employees realise just how close they might be to losing their jobs thanks to the dire performances of Budd and his sales (ha ha) team over the last two years, and 6 months up to June 2022 in particular?

I wonder if there is a timeframe by which of the deal isn’t concluded it’s voided?

Clearly between RY and the buyer they’re not mandated to find a solution so perhaps this sale just won’t go ahead for years. It’s what Sviblov wanted. This way Amur it’s trapped, no one else will get their hands on it and Sviblov now has as much time as he wants to find the measly $35m.

RY yet again has failed to actually produce a result for share holders. I really hope this guy is put out to grass soon and then put out of his misery. Walking disaster for investors.

Nothing before Xmas. Nothing before NICE news in Feb. Just got to sit patiently wait for the slow ruse through second half of January then beat the mad scramble to get out before Budd announces the fund raise they so badly need. Just a guess but I think they’ll hope this rises to 20 - 25p on that NICE guidance and then slam in a raise at about 17 or 18p. All of which would be a decent result compared to where things stand now. Hoping soon after that news is released an offer will land though which could take the sp anywhere far north