Member Info for teabiscuit

It will probably be afternoon if it is going to attack the £1 barrier. Always think it a psychological barrier broken once over a £1.

The Fear of missing out, the news to shortly come, the fact we know via bbi ;-) that government order has been made, the need for more testing quickly to get this country up and running. ODX has to be in the best position out of all the covid plays currently to see a big re-rate in the comes days and weeks. 80p by the end of the day is possible and is still cheap compared to where this will be once the orders are confirmed...

Remember in the news they removed (slap on the wrists) Monday it said:

"The UK Government will roll out the tests in selected cohorts of people around September and October. The test, along with the Government’s overall strategy on testing and vaccinations, marks a move towards detecting and eradicating the virus." So that is most likely the Salford explained.

Let's not forget they also mentioned:

"The Crumlin based company is part of the UK-Rapid Test Consortium (UK-RTC) which has developed the test. It has already been CE-marked for professional use and the Consortium recently received an order from the UK Government for the first million COVID-19 AbC tests." - Again probably for the Salford trial, or is it given Salford only has population of 245,000.

So it was taken down but the news coming out since is handing you the info on a plate. The massively increased trade count is also a great indicator, I'd say it was people in the know buying but in this case that is anyone who caught wind of BBI news message...

Could this do an SNG?

Ah noviceInvest, glad to see you on this bb, usually when good things happen people like you show up trying to show how brilliant you are trading. I mean look at you, always buying at the lows and trading at the highs, gorden gecko the 2nd, we must all be honoured to be in your presence. Look forward to hearing more of your tales of trading success to show us all up.

Currently one one MM left on 69. That could change but the trend is a continuation of knocking on 70's door, once it is knocked down should be a fairly safe ride to 80. Be happy for it to get there before news is released of the sales we already now know the government has done, only question will be just how big is the government order going to be with the shambles that is testing right now. Just hope this wait isn't so that MP's can get their cut... This government has been disgraceful with testing in the UK...

biglad have you been witnessing the cronyism as of late, I'd not be at all surprised it wasn't ODX CEO making this particular decision ... instead it was somewhere else with a big clock...

Probably someone in the gov hasn't set up a new bank account for their cut.... so pull it back for now....

The Question is when do we think actual sales are going to happen. I'm in a few covid shares and it is all about actual Sales. The pi's trading the various covid stocks will only rush to one now if there is a seriously good RNS like the one that SNG had. In reality CE approval while a good step forward means nothing to the shareprice by itself. Pi's have seen multiple covid shares have CE approvals and see nothing happen to the shareprice. Today is a step in the right direction but it is Sales only that will get this shareprice out of it's current range. That requires patiences and there is no certainty that the sales process is going to be a smooth process or that it will happen anytime soon. I've put my expectations back to December for all the covid shares I have a position in because as we keep seeing, a lot of the covid shares with their various tests are fantastic but places like India getting sales, getting FDA approval in America seem to be almost impossible for these British companies and the UK government only seems to promote companies to sales status if they have a former or current MP on the board.

With no news touted for a couple of weeks this will drift down to the 80's. All the predictions of sales are now gone. The company had the product in may ready but have missed the window of most return. Well done ncyt they were first and deserve their shareprice. The communication by gdr to the shareholders is very poor. They had the 8 million placing, ruined share sentiment and the shareprice has never recovered since. That is fact for all the rampers out there. I dont think anyone expected gdr to still be below a pound at this point but clearly the company underestimated what is required to get sales going.

I'm in here and GDR, both companies are waiting for India sales news for months now. There is something simply not right about selling in India for whatever reason. I don't believe we shall see any sales from India, they have lots of test available to them already and I doubt accuracy vs cost is going to be a factor out there.

The other two are probably some companies no one has heard of but has an MP on the board of directors. That seems to be about the standard with the current government....

@bigal67, keep some on here as a free run, if it can produce then fantastic, if not then there are other shares I'm in where the outlook is positive.

For those of you coming out with the 'why don't you sell up moan moan moan' hmmm let me think, ah yes I choose what I do with my investments, some of you are so seriously emotionally invested in shares I pity you.... just remember 13 weeks on and ZERO sales, ouch that fact must hurt but you will just continue to ignore it...

@Ihavenoclue, hmmmm lets roll back a bit, it's 22nd May, the CE approval has just come out, sales are hinted for June, everyone is convinced that gdr is going to do another NCYT. Here we are 3 months later and remind me how many sales GDR have so far made, don't worry I'll save you the trouble... it is ZERO, yes ZERO sales, how could that be after approval in May and everyone thinking the fda and India approvals we follow quickly... they all said in June, July, August.... do you get it yet Ihavenoclue or do you need it simplifying for you... news does not mean everything is perfect and a simple time line can follow. If it were that simple, the market would be easy to predict, it isn't easy to predict and your certainty of Beckman meaning everything is now going to be great shows your naivety.

Is probably when things will get going for gdr. It would be interesting to know when gdr submitted their application for the Fda approval... I tried a number of times to find out by contacting the company and not once did they give any firm answer. That is why I sold most of what I hold here and put it in other shares. I will keep track as I still believe lots of potential here but I'm expecting this to continue to drift back into the 70's below the placing price while there is a lack of news concerning Fda approval. Might even go back in the 60's if no serious news comes out soon.

Haven't been on here for a few weeks since selling a large portion of my holdings here. Since then it has risen by about 15p so good to see it is moving upwards. Still very disappointing to see that still nothing has since turned up concerning FDA approval, India Approval and importantly still no Sales anywhere since the product was ready in MAY. So clearly GDR did not have all their ducks in order, no European Sales turned up and there still is no indication of when this may happen. Everybody back in June and July have all seen the Approval predictions come and go. Still at least the company did get in the urgent placing back at 80p when the share price was riding nicely on 200p+. What did they do with the placement money, at the time it seemed to be urgently needed, why was that?

In some ways they have ended up with egg on their faces. After the suggestion in may that significant sales could happen in june we are now heading towards mid august with not a single recorded sale. Had the eu certification since may and not a single sale in europe. Seems there is no relationship happening with the uk government as not a single sale there when the UK really needs the test. India seem to be waiting for approval and it's not just gdr having issue with india approval or sales. No Fda approval yet, not even a date given as to when the fda application was submitted. Africa suppose to be a number of countries interested but again nothing has come of that now in over a month. The test may be good, it may be gold standard but it seems the company is still in its infancy of having the network to sell the product. Opportunity missed, they needed to be selling from june onwards... let's hope something turns up soon for gdr, the shareprice is holding up well considering no sales in 3 months since sales have been a possibility.

if no sales news this week then back into the 70's this will go. Perhaps they should do another placing around this price again to prop up the finances while no sales are being made...

I'd have been happy to see this rushed to market and sales being made. It's no good having a fantastic product if you are not selling it. Few weeks time sales will start to come it, however I expect sales to start slowly just as they did for NCYT. If all goes to plan by October GDR should see true value.

It feels like there is a block of traders who are bouncing between a number of covid stocks, without news I expect this to drift back into the 70's again as this trade block sells and moves into odx since that has a lot of near time news coming, then they will move on again. GDR is undervalued but we have known this for months now and nothing is helping it yet reach true value. It is only sales that will achieve that and that will be hopefully in the next few weeks.

I resisted posting yesterday as everyone was excited, it was a good day for GDR with good news, however without actual sales this is going to drift back down again. Hopefully sales will be along within the next few weeks and then this can really have a chance of recovering.