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Isn't the limiting factor that under the MOU the government have first dibs on supply. It's a clear message, MOU runs out in about 2 weeks. Gov order comes in this time. Gov wants x million over y period of time which is z % of capacity, then excess sold elsewhere. I imagine the order book will be off the chart on self test approval. CK mentioned it in the presentation that a UK government approved product would be in demand. Will get fast tracked through any other local approvals.
CE Mark = UKRTC can sell for professional use.
After ease of use, MHRA, can be used at home by anyone.
UKRTC cannot sell as MOU = Gov has first rejection
I agree if that is the bigger picture J
I got that information from CK directly. MHRA isnt a blocker, its not stopping us from selling tests to the government for professional use or to anybody else for professional use.
We cant possibly sit here and wait for MHRA first is what im saying, we can sell professionally first and ready to go, when MHRA comes it goes truly POC. That is the view of the consortium.
https://twitter.com/trashhousepanda/status/1309093450437009408/photo/1
Dunk,
I have no idea, i just want that SP to reach a level preferably high 90's to start off with, where we are all in profit and content. It's better to have steady tick ups as more news comes than have a huge spike followed by a mass sell off and we have to start this all over again.
This should never have been down this week. Our lack of patience is costing us. Sell off rise, sell off rise, DONT sell rise = higher SP.
Ofc this is just my opinion. GLA DYOR, sell when you like :-)
@Tricky - Sorry
Safy what price can you see this getting to by Dec this year?
So much evidence out there this is like catch hing a killer in the act now. My worry is we should be more ambitious with capacity. Get that other site up and running. Get the existing one running 24/7. Make them and they will sell.
We aren't all men Safy.
Gents,
This is just my opinion, this fascination with the next RNS due now and we demand it isn't doing any of us any good.
We just need to look at 100k capacity now, 200k capacity and will manufacture in October, which is a few days away.
We've got Abi going full guns,
We've got white paper,
We've got immunity and antibodies being discussed by gov,
We've now got Oxford vaccine and our test targeting the same antibody response,
We've got white paper saying we need tests (I wrote testS) to go alongside vaccine,
We have CIGA saying interest across 5 continents,
I say the RNS will come when it comes, for now just relax and let things line up. We dont need an RNS to say we have sales interest or that we have a test.
For the record, you DONT need MHRA approval to sell a test for professional use. These tests will still sell regardless.
200000 a week is that going to be enough?
Thx Safy. It would be funny if we got the Mologic antibody test out first hey? Lol.
I managed a top up of 1747 at 10:15 but showing on LSE as sell rather than buy
Just checked and VAL share price nearly caught up with Omega. Madness. Not a cross ramp, I'm not in VAL (UNFORTUNATELY). Im here. Why do my stocks climb and fall back down, while the stocks I choose not to take a punt on climb and just keep going . 100% this has to take off, and it has to be soon but damn, it does get frustrating watching shares go crazy while yours just continue to simmer endlessly or even worse drop back. as everybody keeps saying. This is literally 99.9% gonna blow up so what on earth is going on with the share price. Sorry for rant ... comes after months of silence haha. I see no way this won't explode, but i think we all agree its time now please. Can we commence the actual countdown to launch. Its long overdue.
10, 9, 8, ........
Thank you
Nice one Safy! Cannot wait to see what they have achieved by end of the year.
2 weeks max before UK RTC supply agreement is in place. The Mologic test should be very quickly shipped around the globe too. If we can get the Elisa Antigen tests up and running and maximise the capacity there that could help tackle a lot of testing capacity shortfall problems.
Thanks Safy for your contribution
I think the SP trend has finally reached the bottom here, just before the price ticked up i couldn't even buy £300 worth of shares, but i could sell all of my shares.
I feel there is a big order trying to be filled, hence the SP being held down
@MB - not saying you are either
Thanks Safy , appreciate you taking the time to share that
MB - I dont ramp :-)
I think people understood what i wrote.
Good work Safy.
I think we can all agree that it’s starting to look very promising.
Safy - everything doesn't have to go to plan to be really good for us, only about a fifth of what is planned for really good. Everything goes to plan, really good will be a massive understatement.
Kd82 - nice, its a bit like GDR 2.0 here too, but i hope it all comes through for us. Just a waiting game.
CK seems an honest guy, polite, and does answer difficult questions. Fair play to him.
By the measure of AVCT SP (yes I am going to write this) Mologic are going head to head with them on Antigen LFT. We will make the tests for Mologic. Granted we may not make as much as Mologic profit wise for a single test, but just look at our SP in comparison. If everything goes to plan, this could be really good for us.
The more fingers we have in different tests, the more this is derisked.
Many thanks Safy
Great info Safy, yes I'm here too, since 57.5
Anyone who knows my credentials from GDR will agree I do my research and I dont ramp. This is what I have managed to find out from ODX.
Post Ulster, the data was first reviewed internally, then reports were written up, checked and approved, before they were submitted to MHRA.
These reports are not tick boxes.
Post receipt of these reports MHRA ask questions, and they review the technical data. The consortium believe what they have submitted is good enough but you cant guarantee what questions will be asked.
The point is we are now at the point where MHRA have everything.
BBI are working on the app - it was supposed to be their own app, CK is unaware if there is integration between BBI and NHSX as its not his area, but he said it was an interesting question and that he will bring it up. I'm a stickler for detail, he mentioned weekly call (mentioned this is the briefing). So that means even now the consortium is having weekly update calls.
The Mologic Antigen LFT (Heathrow) is still in development. Once complete ODX will do a tech transfer for that. YES Its ODX bound. As long as Mologic are not late to the party, this test is a gamechanger for them and us.
Mologic Antibody LFT Test, tech transfer done. Ready to manufacture now.
AbC-19 Antibody Test, tech transfer underway. Ready to manufacture in October.
Dido Harding stating no science for Antibody, this was correct at the time according to CK, however since then they believe there has been a shift in the government tone, see Abi tweet and Colin also mentioned they are engaged with the DoH to help prove the science. Hence you may have noticed that recently there has been a shift in the government tone using immunity and antibody in the same sentence.
Capacity this month is 100k pw, yes they can make 100k tests
Capacity next month is 200k pw
I asked why there has been a delay in manufacturing, Colin accepted and apologised that he/UK-RTC didn't foresee a delay from the Government.
All of the above is from CK - Yes i mailed him.