Speakers from Touchstone Exploration, Shanta Gold, Savannah Resources and Kavango Resources feature in our Natural Resources webinar on May 25th. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East and have access to Premium Chat. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
If the gov is pushing the use of Innova’s test as self-administered given the difficulty in getting a proper sample surely they’d push ours as it’s a lot easier to self-administer. Think we could be in for a surprise.
mickey, thanks for the character analysis, but I would point out the same was said when I posted that it was likely to be May at the earliest for an AVCT a test to be able to be bought when it seemed likely to me back in March, that we would, at best get something CE'd or Cv'd by Mid April and then a few weeks more for the test to be actually available.
Or does the government secure them before anyone else does, , or do they shove them in storage for a while whilst the holy grail gears up for rollout, or does the SP just re-rate and the market prices in forward contracts regardless of Innova stockpile? Bit pointless speculating as the only thing that matters is CV atm.
You claim to provide balance which for the most part I do agree with because the fact is we don't have a test and everything else is consequential................but then you throw in **** like we likely won't have a test for 3 months which makes you seem like a bit of a twat tbh.
50million adults get tested twice a week.
240 million tests last for 2.4 weeks
"I’m disappointed that you don’t know how businesses run, if there is no validated and produced alternative at that particular point in time, you order what’s required.
It’s the most prudent course of action in the event the test fails, excess supply isn’t an issue considering demand far outstrips it."
Mikey. was that your reply to me?
All that says is that in mid march ((around the end of Q1) that we had no test or likely to have test for 3 months, based on the size of the govt order. if we produce a test on Monday, what is the govt to do with what it just ordered? Use them first you think?
That's all I was saying.
"New campaign urges public to get tested twice a week" so will need constant supply of tests
One of the reasons we are buying from Innova is almost certainly because we are competing with other governments across the globe for tests such as the Abbot test. And last month when the govt were planning ahead for mass testing the entire population weekly, it would have seemed entirely sensible to contract for a large amount to secure supplies but that doesn’t necessarily mean they are looking to take delivery of everything at the same time - they would have been looking to create a buffer alongside the sovereign supply. Nothing worse than promising free lfts and then not being able to deliver.
I’m disappointed that you don’t know how businesses run, if there is no validated and produced alternative at that particular point in time, you order what’s required.
It’s the most prudent course of action in the event the test fails, excess supply isn’t an issue considering demand far outstrips it.
The thing that bothers me is the GAD contract. Why award a £1b contract for manufacturing of you are not going to use.
...further ( half glass full) that’s why they can’t just end the CV if they’re a few samples short as they require the 1200 or whatever it is, to get the Govt business
If its mid March conclusion what does that mean? They were awarded 3 months worth of test in Mid March?
Figuresl of 2m tests a day used it's a massive stockpile of lfts.
Tripoddp, good for you.
If the government are paying for example £5 each for the innova tests the latest contract at 1.2bn is going to get them 240 million tests. That's going to last a while isn't it! Even if it was agreed early March This may be a touchy subject, but pretty important!
Even using a
Wyn it’s getting a bit boring, do you deliberately choose to ignore the 10+ odd posts reiterating it was a mid March concluded contract where no other testing alternative is in place?
Nothing else to say tbh
The positive spin for me is much more likely that AVCT is the hoped for sovereign test. They went to the continent because of difficulties at Porton Down & how they were running things (frozen samples?) so Smith, for once, covered his bases, & used the Spanish opportunity. With the govt telling him “you come up with rigorous CV numbers all the kit ODX and anyone else has which we have influence over will be used to produce your test”
Beret, the thing about charts is not to predict what they will do, but to react as to what is most likely to happen.
Look, an RNS could drop Monday and the SP immediately goes to 400p.
What is happening currently is the SP seems to have found a level, 250p-275p, based on the expectancy of further positive news in the next few days.
There is a push-pull on as every days goes by without news you get a FOMO for the next day, until you get to a tipping point where the market stops expecting news to arrive.
Clearly with a rising SP the market is firmly of the belief that good news will drop and soon.
When the SP fell 20p in a couple of minutes on Friday I assumed it was the washout from NCYT and bought another £10ks worth as it started to recover just as quickly.
Now there is possibility I guess, the fall was on the Innova order. I don't know which (or it may have been something else)
I try not to get over involved in stocks just for this reason. Once you start "wanting" something to happen, rather than reacting to what's in front of you, you lose whatever edge you might have had. (That's one reason why most PI's lose money.)
For me, on the one hand it seems simply inconceivable that AS, in all the interviews, in all the test related tie ups, that something very good test wise is very, very close not to unfolding.
But I don't know how to explain a govt order for another 3 months worth of inferior tests alongside that.
A scenario might be that this very incompetent govt, (which I think is true), is so useless that they have broken their word or promises to AVCT at various stages and left them out on a limb and AVCT have reacted by no longer trying to get on board with the uk govt but going global from the outset.
That would explain the Mologic tie-up and the Spanish hospital testing link as well. It would also then validate AS's remarks for me (as its me that is having the doubts for the UK), about being so bullish about tests and the size of the market and time scales, because he is ONLY looking now to initially sell into anywhere but the UK. And he is in fact having the test manufactured now, by other non-uk global manufacturers ready for lift off.
Then it falls into place. (That's my positive Spin and why I am still invested to the level I am).
questions that remain unanswered:
why was the sample size for testing only 70 or was it 75 when lab results were showing such a promising ‘gold standard’ superior product ?
why has it, given such a small sample size, taken a year to collate/publish results?
Why has it taken so long for Porton Down to complete assessments of any of the Uk Tests.
why are Uk tests, showing to be at least better than the Innova ones, not being given emergency approval based on that fact whilst ongoing regulatory bodies make their final findings/certifications.
why have all the uk based/produced alternatives been held up by the regulatory approval process ( bar Novacyt who were originally passed over completely and only taken on board after WHO rating, certification and approval. and look where they are now and how they are being treated) when we have an undeniable urgent need for a better test.
Why are emergency procurement procedures a year into a global pandemic still being given as the excuse and avenue for continued ‘innova’ crap test purchasing despite their almost universal slating as utterly substandard?
Who are Tried and Tested a company recently set up and run from a three bedroom house in Northamptonshire?
Why are Tried and Tested being given preferential treatment in the procurement of (Innova) tests?
i’m sure there are many more questions that investors would also like answering. my faith is dwindling, not in the product,i see a good strong future for Avacta. However, given how things have gone for Novacyt last week, and given the shambles that is the UK govt and its apparent strangle hold on the infrastructure that is supposed to facilitate these things i’m beginnig to get a bad taste in my mouth. and as a share holder of all the uk companies in the Covid testing/treatment sphere i’m seriously considering reducing my exposure across the board.
@PL75 he was bery concerned and dissapointed too
No more on this thread it's ******
We know the government are using innova as there is no current alternative so in early March they ordered some more.
@Timster, yes we can all read that too. What are you trying to say? That this is a NEW award (yikes), or that it is publication about an OLD one and so nothing too much to worry about?
Timster, was the Jehovah’s Witness just constantly banging on about Satan, hell, missing boats and all the negative stuff whilst decrying the inferior betas?
5th post down but got ignored as doesn't fit the agenda
Section V. Award of contract
A contract/lot is awarded: Yes
five.2) Award of contractV.2) Award of contract
five.2.1) Date of conclusion of the contractV.2.1) Date of conclusion of the contract
13 March 2021
five.2.2) Information about tendersV.2.2) Information about tenders
Number of tenders received: 1
The contract has been awarded to a group of economic operators: No
five.2.3) Name and address of the contractorV.2.3) Name and address of the contractor
INNOVA MEDICAL GROUP INC
Published yesterday. The govt must publish awarded tenders within (I think) 30 days of the actual award.
Why is this "concluded" on 13th March (whatever "concluded" means) yet issued as a "Contract award notice" on 9th April, just under 4 weeks later? I just don't understand that at all. Old or new?
Contract CONCLUDED. 13/3, ie that was when the contract was agreed
Section V2.2 in https://find-tender.service.gov.uk/Notice/007376-2021