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I think it's 50/50 now in which direction this could go in the near term. I'm sure LONG term prospects will be good though. Argentina for instance could take a while......

It's just where GDR are in the "commercialisation" process. Still not really very far down the road. Adopters in the UK are the exception rather than the rule. More work to do to secure NICE or get specialist commissioning. In Europe it's similar. You try to appoint distributors early though so you can show investors and stakeholders you've got your ducks set up in line as much as possible. Inspiration for the UK was appointed years ago.

My view is that this could double in fairly short order. But there may still be a background seller to clear first.

On Nomadme's point: I've seen stocks move up quite significantly after these sort of conferences. Doesn't always happen like that either though.

Would become a buy again for me if they can get funding secured for the next 18 months.....

Really interesting situation. Commercial/regulatory progress has attracted major attention in the industry. Though coincides with point where they were due to look at raising cash. So now they've effectively got two options on the table. It might even work out better for shareholders if they don't actually accept a takeover offer (though we don't know what that is yet anyway).

I'm watching 3 similar type companies at the moment, GDR is one, the other two are Creo Medical and RENX. All three are going to need cash quite soon. But GDR is the one least advanced with commercialisation by a long way. On the other hand, it could be quite interesting when GDR does get its first meaningful sales (if it does) as you could see big increase in share price from that point. Trouble is, to get there they are going to need a lot more cash, so inevitable dilution coming on top of the dilution people have actually already suffered due to this awful death spiral finance. Has anyone ever come across another company in this sector (pharma/biotech) where they've had to use death spiral? Hoping they will do conventional fundraise and this will present a big opportunity to get in.

No Jimi, The £327k is the cash burn after they've factored in receipt of the £800k tax credit. It's on the presentation slide. The real cash burn is still £400k per month.

Giving them "a longer window for their planned financing activities."

Also key words.

£600k = 1.5 months in GDR cash burn terms, or if they've had the tax credit, they've currently got £1.4m = 3.5 months.

But I think they would still go with the original plan and do the main fundraise this quarter. Why wait much longer, unless you got no one to fund you?

Something should be announced on the funding side this month if they're true to their words (even the written ones):

The Board is planning for an equity or debt raise in early 2024 to support the growth and development plans of the business and allow the Group to continue to operate as a going concern. The Group does expect to receive an R&D tax credit of c£0.8m in Q1 of 2024 which, if received, would extend the cash runway (absent any further funding received) towards the end of Q1 2024 and provide a longer window for our planned financing activities.

If they haven't had the tax credit they only have about £600k in the bank left. Interesting if they don't announce a drawdown or a placement this month as that could actually mean receivership is not far off.

Jimi never lies does he. lol

If they can't get IIs to back them through a traditional placing, the trouble is the RF drawdowns are far from assured. RF has a particular business model. It's a lender not an investor. They need to agree the drawdowns as the share price is below 16p. GDR even highlighted this in the last results RNS.

This post from someone on the RENX board just now is also very apt for GDR:

"This might be a revelatory moment for you, but a company having no cash and being close to bankruptcy is an international philosophy, whether UK, USA or Timbuktu, it has the same end result - Zero, or a placing at a incredibly high discount."

Previous granting of options:

https://www.lse.co.uk/rns/GDR/directorpdmr-shareholding-ke8pg9k2tvpvylz.html

I'd definitely invest now if the funding was already sorted. I think safer to put money in post-fundraise.

They have granted options before. It will be an ominous sign if there's no drawdown next week. RF have to agree the drawdowns with the share price at this level.

And since 3 months have passed, that £1.2m is all gone. Just the £600k drawdown is left now in the kitty, or if they've been lucky to receive the £800k tax credit, £1.4m is in their account.

The £1.2m included the first £300k drawdown (cash burn is £400k per month, or £100k per week):

The Group's current cash runway is limited; unaudited cash as at 23 November 2023 was £1m and further funding will be required in early 2024 in order to continue as a going concern. The further payment of £0.3m pursuant to the Investor Placing Agreement announced on 29 November 2023 is due to be received shortly.

Correction, either 600k or 1.4m

The last drawdown (from the death spiral finance) was for £600k, not £900k, and they stated they expect a tax credit refund of £800k (but they didn't know exactly when it would be received.) So they either got 600k in the kitty or 1.5m right now. They may well do another drawdown tomorrow though, or early next week.