Member Info for roger65

Clearly most investors who know about EUA don’t agree with the assumption this is going to end particularly well.

Like many, I’m bored of waiting for ?? For what? We don’t know as our own BOD seem to be hemmed in by AIM rules - ‘AIM rules’ being something of an oxymoron as they clearly only apply to some people and not the larger iis!) - and are unable to divulge any information at all. Very odd as when a normal m&a takes place investors generally know who is bidding, how much and for what. EUA have decided to keep all specific details out of reach of the market but someone somewhere will know what’s going on. And there in lies my concern. Why isn’t there more buying going on if this is such a dead cert? I’m still dubious about the ‘significant’ word or indeed the ‘massive’ one used in recent comms.

Either could be relevant to the current sp and as such a divi of double the sp could be seen as significant or massive. The wild valuations I’ve read here for years now bear no relation to reality. I actually preferred it when we were looking at a full sale because then we could be sure that what ever figure was settled on would be paid it to investors (less fees and tax). Now we’re still in the dark concerning any of the major players involved, still have no idea what’s being sold or for how much. Not a clue! Even if EUA was offered £2b for the majority of its assets the BOD could now decide to keep half of that for future development and only pay out the equivalent of 35p. After such a long wait that wouldn’t be a brilliant outcome. Not bad but nothing like some of the wild expectations a few have. If there was the slightest chance of several billion £ changing hands ie equivalent of sp being well over £1 then there would be far more buying. But there isn’t. The longer this goes on the more of a doubting Thomas I turn into. It’s just all too convenient for the BOD not to be’ allowed’ to say anything at all.

Time for the BOD to grow a pair, stop hiding and tell the world what’s going on, once and for all. AIM stocks thrive on news and sentiment. We have neither atm.

The BOD were focused on the FSP for nearly a year. They failed to find a buyer. Fact. We’re now in an even more secretive situation and are only 2 months in to new negotiations. I’m afraid my thoughts are leaning more towards nothing until the autumn and even then any kind of deal being pushed into next year.

Come on BOD tell everyone what the f is going on, just for once let’s have some facts and not teasing statements and words that get everyone in a state and lead to yet more wild guessing games.

Nope. No one is falling for it. 6 months of consistent decline would make any investor think twice about buying in here and this latest RNS is yet another that tries to send out positive vibes but without any real substance.
My question now is how long before there’s more dilution or yet more options taken. PJ needs some results but truth is POW is miles off having any. How low could this go now??

*concerning* not convening…

Ah apologies, I was confused then. Thanks for the reasoned answers and info 1dR and Starresnstoff.

Jace, I’m sceptical regarding DB’s abilities here too but heavily invested and so am looking for some positives. Your constant negative messaging which ignores anything even vaguely positive or indeed any potential isn’t so helpful.

It’s been highlighted on here by many, myself included, that DB has missed deadlines, been silent for far too long etc and that the recent RNS was an awful kick in the proverbials to existing shareholders - why is he so keen to protect new and potential investors but perfectly happy to see holders who have been loyal over any given period of time watch a huge % of their paper profit disappear? It’s weird and unfair for sure and made my blood boil at the time but I’m trying to do my own research and find signs of improvement going forward. There are some good signs, and it would be great if DB could shout just a little louder about these rather than focusing in his rare comms on what GDR has failed to do and providing good reasons as to why people perhaps shouldn’t invest at the moment and quash expectations.

Everything in life requires a balance imho. I’ve been hugely frustrated and disappointed here but I’ve got to keep reminding myself of the good products GDR has and that helping them bring these to the global market (by supporting it with investment) will ultimately help save and change lives for the better. That’s the balance I’m trying to find and live with convening my investment here.

The next three months will be make or break for GDR as I think being seen to completely miss The Covid boat with the lab and PoC tests will dent confidence further in DB’s abilities as CEO.

Honestly? I’d accept a buy out figure of £1.85 right now, even though there is more potential than that were everything to fall into place over the next few months but i firmly believe GDR’s products will do better if owned by one of the bigger outfits out there eg BC or Danahar. They will have some clout in getting products moved up the waiting lists. DB on his own has little or none sadly. Perhaps that’s why the agreement with BC was seen as a positive but thus far it has not done us any favours other than cause the huge surge in the sp which attracted many new investors such as myself. DB seemed happy enough to let that surge go on and on, why not the recent one? As I say, very odd!

Will the FDA even look at is test before it’s been fully developed?
Having announced’ significant technical hurdles in its development’ and an expected announcement late Seot/early Oct for CE mark does that mean other approvals are also way down the track eg FDA and WHO??

Having missed the deadline which DB said they’d drawn in the sand, how likely is it we’re going to miss the autumn deadline too or that there might be other hurdles as yet unseen by the GDR team? All a bit depressing on that front and now looking highly unlikely we’ll see a rise in the sp any time soon without significant news on at least one of our other products. Deep breath everyone…

...EUA has the relevant licenses for any of the new Rosgeo JV sites transferred to its name?

I've probably missed some detail on the latest resource figures for NYUD but do people think an asset sale could include MT and NYUD? MT currently proven for 2.2m oz so with what ever is at NYUD what might that amount to?

I'm just hoping and praying that getting the other MT estimated resources of 13m oz proved up to JORC is well under way and nearly completed. That would give the sp a desperately needed boost and see all the barnacles washed off the hull for many a nautical mile.

Now will definitely do, please!

Beast: we’re priced and proven for 2.2m oz not 15m as far as I’m aware. If 15m oz was proved to JORC the sp would double in a heart beat.

We’re far closer now to 15p than the recent trading range of 25-27p. If this goes on for another 6 months then the dark pools are going to have a field day.

PW needs to give holders something concrete to stay in here. Having sold out himself at £2.40 (why oh why didn’t I see I should have done the same asap after that?!) he’s leaving current holders who, like myself bought in much higher - more than double current sp - to drown.

But mac, the words ‘binding offer’ you’ve just used i don’t think were used in that RNS. It was simply a ‘proposal’ from ‘a credible party’. I could be wrong about that and if I am then apologies, but as far as i understand from reading the RNSs over I have nothing concrete to base the assumption that we’ve received a’ binding offer’.

Everyone was talking about 8 weeks as of May 12th. Now it’s being stretched to 12, then 6 months? Another year? No one knows. Sadly.

It’s been a while since the FSP was terminated and we were told the BOD are now concentrating on a ‘proposal’ from a ‘credible’ party. It would be great to have at least some indication as to where in that process we are as, yet again, we’re all left guessing what might come next, and when.

Are they doing DD? Are we getting resources proved up, and if so, how Long might that take? I think we’ve been kept hanging on here with the bare minimum of specific info for well over a year now. Tit bits thrown in and positive RNSs but we still don’t have a clue if this potential asset sale might happen next week, next month or next year. Whilst the sp is being left to be abused by dark forces I’m surprised and a little disappointed that our BOD don’t in some small way come to the rescue to return sentiment, get the sp back up to 30p. Every single release for the last 7 months has resulted in further erosion to the sp.

Having a bad day in several other stocks so venting my frustration a little here with how long this is taking to have some idea of what to expect. ‘Significant’ divi sounds great but no one has the first idea of what that might be.

Come on BOD, for once let’s have something clear and concise that can’t be left open to endless interpretation and subsequent manipulation by those who are not genuine investors in EUA. Please?

and still all you guys post here day after day after day whilst nothing happens. Trades in single digits. No interest from anywhere other than just loads of really 'exciting' and positive waffle on here which amounts to, yes you guessed it. nothing.

As I said a few weeks ago, this is a sham and people should not put their hard earned anywhere near this life style company.

I thought we were due some news on sales by now?

The decline in the sp just goes on and on. I bought in here about 6 months ago so to say I’m disappointed is something of an understatement. Is this company real or have i just lost an awful lot of money? I looked at their products and the commercial reach for sales and all seemed good but so far it’s done appallingly.

Nothing from the company either and when there’s silence from aBOD I start to hear the worst.

is draining away here. Not down to MMs as there have only been about 50 trades all day. It's lack of belief and confidence in DB from the wider market. So disappointing. Actually going to have to write this off soon if it goes any lower and try to recoup losses elsewhere. It's nonsense from certain posters here that everything is good and pis don't need to worry. It's a bit far fetched but imo BC have somehow control over when the EUA might be dealt with and they have requested the GDR product to be looked at as late as possible so that the sp can be driven to critically low levels and then they move in with a low ball offer, making it clear if it's not accepted they will withdraw from the distribution agreement and GDR would find itself back to square one. They have us over a barrel.

Is the Genedrive test the very last one to be looked at by EUA? If after well over a year ours hasn't been looked at yet then that's more than just bad luck, esp if the projected results and quality of it are so good.

Anyway, in the mean time, thanks for the upbeat messages DB. See you at 40p

BigA: you’re absolutely right about all of those things being in the pipeline and that’s why it’s so peculiar that the CEO hasn’t released a single positive message in any form for so many months. I think February was the last time we saw and heard him speak.

I won’t bore people by repeating with what I think is going to happen next but for me it’s pretty obvious. R just have to hope the offer will be reasonable. It damn well should be given all the positive news this company is due. It’s left to a poster on here to list all the great things that could happen at any moment, rather than anything from the CEO himself.

Agree star. DB being leaned on to deliver as late as possible and help to destroy sentiment here. No news of any kind will help depress the sp further whilst DB sets us up for a cheap takeover. Sorry to go on about it but I don’t think it beyond the bounds of possibility that an entire strategy has already been set up between DB and a potential buyer and is already well in train and further more that they would not have to inform the market. It can be a tacit (informal) agreement that they are allowed to keep to themselves. BC distribution deals all set to go but no sales at all? Just not realistic imo and so I can only assume something is afoot.

Trading update will be delayed (most likely excuse is Covid) and when it does appear we will still not have had FDA/EUA and figures will be poor. It’s so predictable as to be infuriating and borderline criminal. We are the minnows however and will be the very last people DB will be thinking about.

GLA

Keep it real please. There is no bidding war. If anyone really wanted EUA then the FSP would have concluded successfully. It didn’t. The BOD are not sitting back waiting for higher offers to roll in. They are working to progress and focus on one ‘proposal’ - not an offer - from a credible party. Fwiw I think a consortium including Japanese organisations and possibly an EF are interested but have requested more proven resources. If EUA can get on and get that done quickly ie to JORC standards, then we’re in business.

Putting a misleading thread title up like that doesn’t help and makes people look like their wildly ramping.

Hope you are right Garwool1

Any thoughts on what you would consider reasonable?

is the rule that you have to match at least the highest sp in the preceding 12 months? I could be making that up... It would have to be reasonable or it wouldn't get voted through.

What would people say to 18p a share? Still cheap as chips for what's on the cards in the near future.

Sorry, typing as your post came in Travers. Thanks.