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It's just difficult to see where the pressure is going to come from for Argentina to actually pay up, at the moment at least.

The NICE decision is coming up next year. But FDA decision due this year.

For various reasons, I think we'll hear of some kind of corporate action from Redx soon (including perhaps them going for a US listing). I wouldn't be surprised if they say something next week.

GDR really is now at the mercy of this big PI holders. No more fast, easy deep discounted placings to raise money on the hop, not for the foreseable future anyway. But with such little revenue, they bound to be looking for more cash to tied them over in about 11 months from now. And don't think US sales will come quick. Even if they manage to lodge the FDA application there's other hurdles. The actual decisive thing will be if/when they get US insurers to back the product (the actual payers). Definitely a one trick pony in my view - this is all about the babies antibiotic/hearing product.

I reckon bitcoin is bound to hit 60,000 again soon (and perhaps keep bouncing off that level for a while). To me the question is whether it will go a lot lower over the coming weeks, say down to 38,000 as one analyst has predicted.

I wonder what the sp would be now if DN hadn't bought any over recent months....

Wow, bitcoin now below 70,000 dollars

I think it will fall more because the loss on the bitcoin holdings is getting worse every day as bitcoin drops.

The 85p share price target was actually from an analyst some years back when the Covid pandemic was still on - based on hope GDR would get Covid sales. Because GDR didn't analysts stopped offerring share price targets on GDR, but some websites just left this old one there rather than deleting it and leaving a blank space.

I wondered when they said "parties agreed". Do they mean the two people named, or do they also mean unnamed institutional investors as well (for the other £3m). I assumed it mean the latter, but not sure.

Coincidently it's April fools day

That's really terrible. I wonder if it's an AI type error.

My pure guestimate/speculation is they have cash to last until about early April (because of a milestone payment received in the late summer). I'm also guessing they're about to announce a US IPO.

Good news:

https://www.redxpharma.com/wp-content/uploads/2026/01/Redx-Pharma-US-FDA-lifts-Partial-Clinical-Hold-on-Zelasudil-1.pdf

"NHS pilots exist precisely to unlock contracts and cheaper capital."

Sort of Lionel, but not really. The NHS pilots are to build data so NICE can decide whether they want to fund the test route from the central NHS budget. The data is only one thing they consider as part of their overall decision. They look at costs and practical considerations, and alternatives as well.

Would think that will be one of the carrots they can dangle to get investors into an IPO. (But for me the biggest potential plus could actually come if they secure another round of decent funding for 3 years, as that surely increases the chances of this doing really well.)

I would think so, but don't think they'll have received that much at this stage (maybe £8m). I reckon they're getting ready to list in US. If they could raise say 3 years funding from IPO (and some for us), would expect very good chance this could become a 10 bagger within a few years versus the price from where it was last trading on AIM.

It's an absolute given that there's going to be a placing by mid-March. We know what cash the company has and the monthly cash burn. There's no mystery at all.

It does really look like the idiot's idiot share. How low will it go I wonder?

It might mean they're starting to get ready to do a US listing because US companies have to do quarterly results reports, and most have end December year-end date, so might make things a bit simpler.