GDR - Update #229 Jul 2020 11:45
I wrote a big post around the 16th of July stating what i learnt about the approval timelines and where i felt GDR were at the time.
I've not really posted much since then because everything right now is approval related. I think ODX and SNG helped us recently, unfortunately we became too optimistic that we had turned a corner once we reached 100p again, i topped up!! and now the profit takers who bought at 65p have exited and were back in the 70-80's.
I re-read what i wrote on the 16th, and i felt at the time our month was August.
ICMR, FDA EUA all fall within the 2 month timeline in mid August, i know weve reached the end of July, like the same way we reached the end of June and it all kicked off here. Side note: doesn't time fly, its hard to believe a whole month has passed and we're at that same juncture again. End of the month, nothing new, you know the rest.
Anyway, i wrote August back then, i'm still confident if its going to be any month is has to be August. August is the month in my timeline for news. I have never ramped a share so take my post as what its worth to you. Im not going to ramp GDR now especially as i've been in since over 200p. My track record here is awful so do not take any of my posts as buying advice.
GDR were never going to be able to compete with the big boys, and NCYT is big in my eyes, I dont care if their test is crap like some say here, the SP doesnt lie, and well would i take their test over ours today and have their SP, i dont think anyone is fooling themselves saying they wouldnt.
2-3 more weeks, and lets see where we are. The takeaway statement is that even now nobody apart from ODX who has India and NCYT is out of the question because they are miles ahead of everyone else has any 'new' approvals. So nothing has changed there, the same stick we beat GDR with, we could beat any other Covid stock with. The ODX news regarding PHE validating their test was a leak. So without that leak even ODX would have been much lower than todays price.
I dont know what to say, its frustrating. I feel your pain.