Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video 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. 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.
I agree. My exit for my own reasons is £2.
Pretty confident we can get there. Good luck for anyone going higher than that. Hope this share works out for everyone
Been to the beach today,my partner has received a text to say she has been in contact with someone with Covid;Could anyone that was on the beach with us;please contact the Government!(because I don't know who they are TRACK AND TRACE XX
PS of course there is nothing to say that 100k a week was a 7 day week may have been a 5 day week.
100k a week was pre 21/4. With 24/7 course it will go to 300k a week pre expansion.
Piper- can you recall if the Alva capacity was stated before or after the Howdens expansion? Wondering if that’s the expansion up to 200k done.
Keep seeing the recruitment bit- is this the jobs listed at CK science? Because (as someone else on here pointed out) those are identically worded to the jobs at LumiraDX, also Alloa/Stirling based, and also working on a POC antibody test. https://www.lumiradx.com/us-en/careers/001-shift-qc-technician (google LumiraDX if that link doesn’t work- the shift QC technician role is the one of particular note). Think lots going for it, but don’t think this is one of them.
Also hoping that CK’s Sky appearance was an indicator of things being v close (why do it after weeks of silence?), but a few of the customer relations answers from Omega did mention ‘have passed on your frustrations re. lack of comms to the directors’, so the nervous side of me wondering if it was an effort at that. Was an extremely bullish interview though, so leaning to the former.
The Company have near term plans to scale up to a production capacity of over 4 million tests per month. See message from twitter company DM...
“Our current capacity for lateral flow tests at Alva is 100,000 tests per week. We are currently in the process of increasing that to 200,000 tests per week and looking at options to further increase to 500,000 tests per week.
Our capacity in Littleport is currently just under 50,000 tests per day. We are currently looking to increase that to 100,000 per day.
We only have two manufacturing sites.”
If we apply a conservative retail price of £6 per test and a conservative margin (for MTKs) of 40% then that gives an annualized free profit of £120,000,000.
Apply a conservative, attractive P/E ratio of 10 or so and that’s the valuation in twelve months or so.
This assumes, as confirmed in interview and RNS that the tests are finished design wise and WILL be produced and the leaked DM article was correct and the Gov will order an initial 50 mill from the consortium. This will give Omega the funding required to implement the expansion plans and fully monetize the test manufacture to full capacity.
Massive global market, unique product, manufacturing capacity approaching 50 million per year at £2-3each min clear profit.
Robert’s yer mother’s brother. :)
Good points Dibs.
”ODX will Be acutely aware that demand for this product is likely to extend way beyond their current capacity so Colin King and his teams biggest challenge is going to be how to expand and scale up manufacturing capacity further. No,1 priority which I’m sure is being worked on. If they can the sky’s the limit because demand could be global if this test ultimately proves to be the Gold standard.“
Progress is already being made on this front surely by the recruitment of further staff to be working shifts so possibly gearing up to 24/7 operations... possibly other avenues also being looked at.....
Say by July to August where do people see share price assuming we stay on course. Thanks in advance.
cooncan not my words (gold standard) but those being banded about by government, experts’ and the media.
Worth pointing out CK stated in his Sky interview that ALL of ODX’s (current) manufacturing capacity would be taken by UK government orders. Let’s just, for a moment, step back and reflect on that fact. Is that not the Holy Grail of investing to have your biggest customer the UK government: thus zero risk of defaulting payments. Not just the gold standard for tests but from a vendors point of view the gold standard customer.
ODX will Be acutely aware that demand for this product is likely to extend way beyond their current capacity so Colin King and his teams biggest challenge is going to be how to expand and scale up manufacturing capacity further. No,1 priority which I’m sure is being worked on. If they can the sky’s the limit because demand could be global if this test ultimately proves to be the Gold standard.
Great to have you on board and have your professional opinion Snowking.
I think a lot of fear mongering why the WHO and others has been highly politically motivated and now they have to row back on it.
Obviously without antibody immunity there can’t be a vaccine either.
I’m sure it will all become clear within the next 8 weeks max. We are reaching crunch time.
Big decisions and big announcements will be made over June and July by the government and big businesses like Heathrow airport and Manchester Airport, Eurotunnel, Eurostar, P&O ferries, Brittany ferries, Airlines are all going to have to announce the strategy they are using to screen passengers and they’re all going to have to place orders for those products.
I’m betting Omega will be getting a lot of big orders for these rapid poc tests and it will be another RNS a week with big supply contracts.
“We’re gonna need a bigger boat!...”
PDMS : i thought it was stupid of the WHO to say a while ago no evidence antibodies give you immunity. As a doctor i thought hold on is that not the basis as to how we have survived thousandths of years. The comment should have said there is no evidence to suggest antibodes do not provide immunity. I really think the WHO have a lot to answer for an more so our PHE.
In my hospital there is an interesting dilemma . I have just been screened for the virus asymptomatic , but what happens to people who test positive with virus weeks after a positive test. Is that th dead virus giving a false result , they will need antibody testing. I reckon antibody testing in the world wil lbe in the hundreds of millions if not billions.
@piper
You always post sensible comments. I appreciate your input and opinions here.
I'm only £5k invested here, if I had more available funds, I would throw the kitchen sink into this and the washing up liquid with the green scourer too!
High hopes , fingers crossed and all that positive stuff.
All the evidence points to antibodies providing immunity. There’s lots of study evidence for that. Govs dont want to say that though officially yet because they are still trying to keep R down under 1 and they don’t want heroes everywhere getting the idea that they can infect themselves purposely then ignore any lockdown.
We’ll be told officially that antibodies provide immunity when it suits the government strategy, ie when home antibody tests are available and they want to get people back to work, which is soon.
What we’re told will change at step, as it already has.
Our step is coming soon. Antibody tests and immunity. Let’s get back to normal. That’s just a couple of steps away.
I do agree with you Woodstock.
No ramp intended, but I do believe Omega will be a huge player in 3 to 4 years time. FTSE 250/FTSE 100 company in the making here. Good outcome here this week with a decent CEO too.
Flipsake Woody, really!
So youre saying '£7.75 target easily' which I'm assuming you mean within 12 months and £12.72 thereafter!!!
Well that's beat even my positive expectations.
Struggle to do the complicated arithmetic these days as brain gets muddled PDQ so have to be lazy andrely on others. Took one to the head in 05.
Cheers for figures !
Woodstock, care to break down that valuation for us? Curious to see what revenue you've calculated into that based on a year from now. It would be lovely if that came true.
I agree with antibody testing passport's etc. However we are still unsure of antibodies being made from past infection, some virus need two vaccine s jabs to confirm immunity. Hep A for instance. First jab covers you for 3 months then a boaster within 6-12 months to supposedly last forever etc.
Way forward would be using both, antibody passport. Before airport, football matches etc. POC antigen test at entrance to airports football matches etc. You are shedding viral load in early onset of syptoms some people have high temp some don't. So as precaution test everybody everywhere. Logistics for avct arrive 10 minutes earlier with a negative test taken that morning. Clears you for safe travel for that day, and take day only.
To be safe take two a day. Morning, Midday every 6 hours. Etc
If you look at history, our country has been the world leader in technology and innovation. Sadly we read very little of our achievements.
If anyone finds time look at our achievements and inventions that have made significant difference in the World.
blimey woody , thats nice and high given current sp
In a years time £12.72 imop. Dyor.
Forget market cap and price earnings ratios.
Groover. Thanks for your question.
To me the tests are already in the bag. Insecurity of some investors only comes because they are over exposed and need assuring constantly. Understandable.
£7.75 target easily. Imop.
Woodstock1970.....Agree. The sp could go up beyond imagination.....
Go on. Just a little tease where you think it could be 12 months from now?
Given he is referencing daily mail articles Id do your own research mate.
Antibody testing only works in airports with immunity passports.
If 30% have a positive antibody test let's say.. What if somebody has the live virus, that would not be picked up through an antibody test as their body is yet to develop the antibodies and then go on to infect the remaining passengers on the flight. So please explain how using antibody testing preflight solves this issue? Perhaps there is a virologist here who can actually shed some light on this.
Someone mentioned it earlier.. AVCTA spit test is actually the best option for airports. Antibody is key to getting the economy going again but not sure it has legs in an airport environment without immunity passports.