Member Info for RonnieB

In the present climate any placings appear to be at huge discount, hence today. From todays level this has to be a potential 10 bagger over the next 2 years if all goes well. At 8p the MC was £60m after the placing the MC £9m with £6m in cash. A no brainer.

FWIW some amount of buying after the huge drop.

Previous RNS "Lyn Rees (independent non-executive director) resigned as non-executive director of the Company effective 30 September 2022 to focus on his responsibilities outside of the Company. We would like to place on record our thanks and appreciation to Lyn for his support and valued advice over the past three years." I assume this is the same CEO of Yourgene losing 80% of its SP today after a RI at 80% discount.

I will do this tomorrow, the RNS imo should have clarified the £1.5m as this creates "smoke and mirrors".

Anyone know if the cash break even since October includes or excludes the £1.5m, is someone going to email the CFO and get this clarified? It would be good to know.

Nice to see cash levels same as October , must now be cash flow neutral. Great news.

Alternative is a £1 test from Poundland, I know what I would buy.

I see on the twitter account they're hiring for R&D dated 25th November but the web site reads no vacancies. Maybe a rabbit will be pulled out the hat soon.

This had a market cap of £100m when sp £1.00. At recent 20p the market cap was £20m. After the placing shares are issued the market cap will be £4.75m with £3.75m in cash. Surely this is a steal to buy in at these levels, 10 bagger over the next 12 months?

Ooops

If this company is currently making £5m per annum profit and has £5-7m in cash the market cap of £10m is no brainer. UJO 5 bagged from January to September and same with EDR. Sentiment will change in due course with potential increase in production from Wressle and the gas being piped up along with the Irish gas. Could and should start with a share buy back at these levels once the £2m from Serenity is released.

They had £7m cash end of June and £4m end of October, that is £1m cash burn per month. Pro-rata for the month of November another £1m leaves £3m cash. We have been waiting patiently for the last year on contracts but to no avail. £1m a month is some burn or have I got my sums wrong?

I remember SAR did a 10 bagger a few years back within the year. Good news and this will fly, on the cusp!

They had probably pencilled in repayment in equity and further accessing the remaining £5m loan and Riverfort said no, plus the delays in financial closures; hence the raise to plug the gap pending the financial closures. Long term I believe this will come good if we can overcome the next 6-18 months. Who knows, a take over offer may come in from a major player.

On the positive side the directors have been buying, even back in April at 1p. DP now holds over 60 million shares that is £300k worth at todays price. If we can achieve financial close on a few projects sentiment will change quickly. If cash is drying up more placings will be needed, I suggest keep averaging down and wait for the upturn.

Large volume traded today 183m buys v 16m sells.

I seen from previous RNS deferment of interest payment due on 30th June.
Has this been agreed? Assume no other payment then due till 2023.
Anyone know what the cash/working capital situation is like, scraping the barrel or safe enough for another year?

What a difference a day or 2 makes; nothing and back to square 1!

See Randox made £275m profit this year.

Article on GLP/Abingdon on the order-order.com website.