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Honestly hope I am wrong. But I get the feeling the government don't really care too much especially when they spent 12billion on that track and trace app which flopped. it's literally just an excel spreadsheet... Also like 130mil on PPE that doesn't work lol. The list goes on. But the money they've spent has literally only lined the pockets of his boys pretty much.
mushyd
hope you're wrong on that mate. government needs to get testing right, Saliva test opens the doors to millions of people in shorter turn around than current swab test, and swap test has nasty feeling.
GLA
Lol moonshot ain't making an order with GDR. The government is dodgy as . More likely another two week old private company no ones heard of will get hundreds of mill in funding for some bs covid research. Probably because it's one of BJs Tory boys cousins mum whos CEO
If that happened the GDR share price would go absolutely crazy.
It won't happen though.
what if Moonshot knocks on GDR door and says here is £5OOM worth of orders for saliva test.
as winter approaches so does the threat of Coronavirus risks.
BB, nice summary, the other big difference between GDR and NCYT is that they are all about selling to customers, GDR isn't. GDR is about selling to partners who sell to customers. We need the likes of BC or Sysmex to make our market. All of the current tests GDR has for HCV and AIHL go via a commercial partner. Apart from DOD which is direct. I suspect the sysmex and BC are looking for a few very large contracts rather than selling to all comers. It sort of slows the process, regulatory, pitch, then evaluation.
loved your building anaology BB, done a few extensions myself and yes with out that paper nothing can happen ;)
For those here who don't think approvals are the key... a friend has sent the below to me showing approvals and only approvals open the door to massive sales...
NCYT announcements, which clearly show it is all about getting WHO and FDA/EUA approval, sales fly after these announcements
17 Feb 20 - CE marked test launched
28 Feb 20 - now sold £0.93m of CE marked and research only tests
11 Mar 20 - now sold £2.3m of CE marked and research only tests
16 Mar 20 - public health england £1m order
20 Mar 20 - now sold £8.7m of CE marked and research only tests
23 Mar 20 - FDA/EUA approval
25 Mar 20 - manufacturing and distribution agreements signed
27 Mar 20 - now sold £17.8m of its CE marked and research only tests
2 Apr 20 - Thailand approval
8 Apr 20 - WHO approval and Astrazeneca partnership
15 Apr 20 - manufacturng increase
27 Apr 20 - contract with UK department of health
28 Apr 20 - now sold £90m of its covid tests
---------------------------------------
Lol such a wet sock of an RNS. This guys a joke . DB straight clown
Patience
Just heard on the wireless, “prepare for your digital Christmas” this situation isn’t going anywhere for a long time, patience’s pays positive people.
Why?..............PEEL Have been selling their 25p wares for over a £1 now for weeks,This mornings waffle ain't gonna save us only REAL sales will do that.
Magsy,
You seem determined to twist other people's comments negatively to suit your own opinion.
I was supporting the good comments made by another poster and used one specific example (SA) to clarify a particular point.
You repeatedly state that there have competed no sales, and that this is supposedly a factual statement.
Perhaps you should read the 30/09 RNS again:
"Under the approval, the Kit can now be distributed and sold within South Africa. Genedrive products are supplied in the country, and more broadly within Africa, via the Sysmex EMEA organisation.
Since the original evaluation, genedrive has expanded the number of PCR platforms and RNA isolation kit providers which are validated for the Company's Kit. This is important for markets such as South Africa where high testing volumes are supported by the prevalence of automated/robotic RNA extraction instruments, and the variety of testing platforms is diverse owing to a split between public and private testing facilities.
David Budd, Chief Executive Officer of genedrive plc, said "This is an important milestone in the commercialisation of our COVID-19 Kit in the region. South Africa is a key territory for our distributors and this approval will now provide an acceleration of commercial sales activity in the area."
An acceleration of commercial sales activity suggests there has alrady been sales to me (otherwise he would have said 'commencement of commercial sales').
As already stated, the trading update will clarify the situation with regards to SA (specifically), so maybe wait on that?
I feel it is not worth commenting further to any of your replies, as your posts are intentionally disruptive.
over double buys and where are here! amazing
as long as there isnt 0% of the placing money left and low sales its ok
Results will not be released until the latest possible moment.
As it will show what many suspect. Very few covid sales and 80% of the placement money still in their accounts.
Final results last year were start of October
whens trading update due?
When are we expecting the trading update?
Trading update shortly, I believe you can delay RNS'ing information if it coincides / is close to the dates a business is due to update the market on substantially similar events. So let's see what the trading update brings us?
We have zero completed sales unless GDR are keeping this price sensitive information to themselves. Indicative sales does not = revenue.
DRM, we don't have zero sales, we have sales that don't match your expectations. Everyone is paperless these days, no tree impact.
Great new this morning , but again absolutely irrelevant just like all our approval papers , we just cutting down trees to print approval papers and pointless updates , where are the sales of our existing products ????? Even the stubborn die hards on here can’t argue with the fact we still have zero sales
WADR Mate if we did we'd have the same amount of test sales as GDR have right now..............
.... GDR put out a great and long awaited (May last mention) update that their excellent POC test is weeks away from sign off and the SP dips....and then some people here are moaning its not good enough! LOL
To the doom merchants... Go and develop your own world beating test and get that to market and lets us all know how you get on wont you.