GDR to slow22 Oct 2020 15:36
Sold out a while back and wondered if there was outside chance I'd made wrong choice. Today's RNS confirms it was the correct choice. Before you regulars start screaming deramp deramp blah blah at the top of your voices I'm not doing that. The fact is GDR is too slow, way too slow. They had product ready in May and you haven't had sales, no matter how you try and defend it to not have sales for a product required worldwide is unforgivable. Now the POC isn't going to be available to next year, again way to slow and other companies will have already captured the market.
The warning sign was the £8 million placement that never actually was needed as urgently as they suggested. GDR has potential but it is unlikely it will now be able to get a real grip on the market that we all hoped it would in April. Such as shame. I don't know where the shareprice will slide to over the weeks to come and no doubt some will say its going to shoot up but reality is, for shareholders since April GDR has not delivered for them, it has been a useful trading share.