Member Info for stephen11

Well said Lionel1 - and the same non-shareholders all think they are modern day sages in the ilk of Warren Buffet, are exceptional investors, and never make mistakes or make paper loses. All their investments must rise in a straight line as they so wisely predict.

Again - you know who you are 🤣.

GLA.

Stephen11.

Everyday is a school day - if we got every call right by buying and selling at the sweet spot in ever share we’d all be rich 💰 and not trying to recoup paper losses in GDR.

We live, we learn, and we move forward - that’s life!…as Frank Sinatra once sang 🤣

Plus extra expenditure to fund the FDA application in 2025 i'm thinking Muminr?

Sure £7500 will get me 500, 000 shares - cheap as chips really.

If you thought £400, 000 was bad read this:

Glad GDR are getting the placing out of the way, though a little concerned with one of the comments made within the funding RNS.

"The Group's operating expenses are expected to ramp up to circa £0.65m per month during calendar year 2025 as it funds various growth initiatives."

I thought £400, 000 was a high monthly cash burn! What happened to the promises of cash burn/ R+D spend reducing now that the two products are fully developed.

Ps....i think hypothetically speaking several long-term-holders will be taking part in the open offer with one arm behind their back...its called "DAMAGE LIMITATION"

GLA.

Stephen11.

Regarding my previous question - I’m trying to get my head around the effect of the dilution?

If £150m in new money = a price of 27p can anyone tell me the share price when the company was last at £150m?…just to get some perspective - the historical chart only shows price and not Mcap.

Thanks,

Stephen11.

Well said that man Eureka01👍

It’s a shame the likes of Hargreaves Lansdown are dragging their feet and have yet to cascade the proper details to shareholders - time waits for no man!

I sent an email earlier about the open offer - got the reply as below:

"Thank you for your recent message."

"I can confirm that we will be sending out information about this offer in due course. I cannot confirm the timeframe for this however."

Hope this helps,

Stephen11.

I’ve also emailed HL through the portal.

Cheers Eureka - senior moment on my part 🤣

Eureka1,

Are you sure its too late to participate in the open offer? My broker (HL) haven't even provided any details about it?

Stephen11,

Eureka1,

Who are the three intermediaries for the Rex open offer?

Thanks,

Stephen.

A few on here have been asking how they can take part in the placing. If you are with HL you should get an email similar to the example i attach below from BOIL. It will give full details of the offer price and deadline for applications etc.

What is happening?

Baron Oil (BOIL) have announced their intention to raise £5m via a placing for institutional investors and a Retail Offer for individual investors.

Baron Oil have decided not to issue a prospectus as part of the fundraising. This means that the Offer has been limited to the sterling equivalent of €8 million and will only be open for a very short period. It also means that information relating to the fundraising is limited to the Company announcement.

Applications are due to close at 5pm on 15 November 2022.

The Offer price will be 0.12 pence per share.

AND FINALLY

The man or woman who hasn't seen an investment go wrong or made a bad call has never lived, in my humble opinion. Even the great Warren Buffet makes mistakes and admits to them, although their appears to be a few Nostradamus type characters on here who are exceptional investors, never make mistakes, and who can predict the future - yea right - strange that isn't it? Most of them aren't shareholders by the way!

I admit that i've got this one wrong and i'm averaging down further in the hope of better days ahead - theirs no shame in that - we'll all live to fight another day - its called life!

GLA.

Stephen11.

Time to suck it up and average down - again.

Let’s hope the Nice approval for the stroke assay goes through as planned, which I believe it will, so we can get some commercial traction. The promised new sites for the MTRNR-1 will also help with SP recover. The share will be heavily diluted, but that’s life.

The days of 50p in a flash are over. I’d take 15p.

GLA.

Stephen11.

Glad GDR are getting the placing out of the way, though a little concerned with one of the comments made within the funding RNS.

"The Group's operating expenses are expected to ramp up to circa £0.65m per month during calendar year 2025 as it funds various growth initiatives."

I thought £400, 000 was a high monthly cash burn! What happened to the promises of cash burn/ R+D spend reducing now that the two products are fully developed.

GLA.

Stephen11.

Wouldn’t think so Nigh as prevention is better than cure.

Is June the resource update or the site update Laverda?

I second hedgehog1's question - love to get a rough estimate on dates of the flow tests?

Q3 starts July 2024?