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Thanks Elon.
I will try to verify the source.
Capacity as of today is 150000 X week , 104000 if you exclude Mologic production line. Facts
Newboy58 = more cannon fodder
I give up.
You can lead a horse to water.....
Thanks I might have missed.
Date and time and I will have a read.
Thanks
@Merchant
Do you have the source for those numbers, would love to have a look at.
Is production for other products included?
They are hiring in big numbers would love to connect few dots.
Thanks in advance
pumpky - no the price of the test (according to CK) will be sub £10 per unit. We don’t yet know the cost of producing each test. However I can say that the cost to ODX of producing each Visitect CD4 Test is around $2 and it sells for just under $5 so there will be a very decent margin for the POC Antibody Test.
Biggest load of manure I have ever read.... This would mean 90% of companies lose 90% of their value every 3 months... Come on, think about what you write!
"Somebody wise (not me) once said that 90% of Personal Investors lose 90% of their money in 90 days. I think it was Warren Buffet."
The consortium is only about the development of the test. Once design freeze happens each partner has a right to take that design and manufacture as many as it is capable of and sell as many as it can. Government will be the priority customer. Omega will manufacture as many as it can at marginal cost, and sell for the selling price. Number of units x selling price - marginal cost. It's that simple.
Current capacity - 200k Scotland + 322k at Cambridge = 522k test per week = 27.1m a year
Proposed capacity - 500k Scotland + 700k cambridge = 1.2m per week = 62m a year.
Please tell me where the concern is about how big an opportunity for Omega this is?
So the profit to ODX is £10 per test? Send me the link please
And maybe the most vocal are traders xx
Not sure what this site shows 68 pence,closed @61
BP, good point.
Do you think he's working on a placing?
Just like it did this afternoon.
Somebody wise (not me) once said that 90% of Personal Investors lose 90% of their money in 90 days. I think it was Warren Buffet.
Be careful everybody please remember you are surrounded by strangers. No one here is your friend.
@ BarnetP
Please read the RNS from Acct, Novacyt,Gene.
Can you tell the difference?
Correct. That's how it's done.
@ Elon
HOW!?!
yes you may be right about 90p. Loads who bought today are now well down and they may sell at break even. Others may be nervy about another negative rns. I just dont get the nomad stuff. NYCT is up 60 fold and AVCT / GDR nearly the same. When were they forced to issue a speeding ticket? Never. So why this one with a rise of just 80 per cent? NSCI went up 17 fold in two weeks and said nothing. Someone lost their nerve. Would have gone to 130p tomorrow.
True. I think the line about manufacturing output etc and 50m in the rns made people re think this. Needs the revenue split to be clarified since their in a consortium
Well said PDMSPiper.
The actual Consortium MOU says that after design freeze the spec will be given to each consortium member and each member will then commercialize and make as many as they want to, or are able to up to full capacity.
If Gov order 50 mill then yes, some will be made by ODX and some by Abingdon but that doesn’t stop ODX producing more up to their full capacity sand selling them overseas or privately into the UK via Superdrug or amazon or boots or whatever.
ODX are increasing production capacity to 50 million tests per annum and will sell fifty million tests per annum at good margin into a massive global market.
After design freeze and sharing of the tech, what the other consortium members do is irrelevant and will not affect in any way whatsoever how many tests ODX can make or sell.
Massive global market. Capacity to make 50Million X £10 worth of product per year = £500Mill projected annual revenue.
Daves, I hope you're right. Tbh the SP did hold rather well after the RNS, better than expected. This is a good sign!
Precisely POSTI. The slightest hint of anything negative and people go into testosterone withdrawals mode. The fundamentals have not changed one bit. We never were going to produce all the tests just collect royalties from them as you say. Overall the day has had a big positive in that have had the CEO on a major news channel talking about our test and its imminent release and more attention will be drawn to the share now.
As if MM will allow you anywhere near a decent entry.
They'll put this out of sight tomorrow. It wont open 61p. Much higher.
100% true.. this should breach £1 tomorrow easily with today’s momentum.
Read it again ! It says the RTC is working on a test & WILL produce one .
Odx won’t ALONE manufacturer 50 million tests . Now did anyone in their wildest dream think we would be making every single one of these tests ?
We will still get royalties from each of the 50 million manufacturerd regardless of who makes them for US . But our plant will be ramping production 24/7 , so that will be the icing on the cake
P
This will be flying again tomorrow as smart money who understand what’s happened here load up.
RNS or not, we’ll be back up in the mid 70s tomorrow and maybe higher.
Knocking on the door of 90 again by Friday close if nothing has been confirmed by then.
GLA.