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BB as always, it’s good to have questions raised however, it’s not your role to continually try and figure out how much cash is In the business.
Yes cash flow is king and Colin has stipulated no placing will occur to me yesterday.
What you need to now do is either email him today and he will convey the exact same message but stop going around in circles to fill this board with spook
Nobody apart from Colin can confirm this, and trying to best guess where they are getting cash in from is pointless.
I also own a construction business and my payment terms are payment upon completion of works (we even take milestone payments)
Always remember, if people are buying a best in class product, they are happy to pay deposits, milestone payments and final payment on completion.
As I say, email Colin if you have uncertainty but do not fill this board with questions such as this
Thanks
You are answering your own question .where is scotland with their devolved gvmnt.
They should be singing from the rooftops m why atrent they????.
If you delve back. You will soon see how prudent and resourceful omega can be re finances and cash flow.
Worst case scenario a white knight will come to the rescuevre cash flow wise. Should in the minuscule event it is required inmo
My thoughts are the goal posts are being changed weekly from things in gvmnt. My gut feeling is that omega is stronger than them . I purchased shares 4 years ago and nothing has changed inmv. If anything they are proving themselves daily against a backdrop of obstacles and damme right corruption . Together with an anti u.k movement who are politically motivated. Crime againsnt the state. Inmv
Upomega,
Yes I agree it has the potential to be a very valuable company, which is why I am invested. I just got the jitters today. Something does not add up in my head.
We are all excited at the thought of the large number of tests we can make, but will we have to pay to make them before we can sell them? I guess that 2 million test a week will cost around £8 million a month to make?
Kfordearp,
I will try that in the morning " Hi Colin. Just wondering how much money is in the bank? Lol
I am sure he is very busy, but maybe I will try something more subtle.
It is because I normally sit and watch while the price slides down rather than selling, then buying back in cheaper. An example is between Christmas and New year, I thought the TT would take a while but the general concensus was that TT had commenced in November and would likely complete In very early January. So in hindsight I should have sold and brough back in at the low 50s.
I didn't sell when the price was over a pound, as an order was expected any day soon. Also didn't sell prior to the last placing, all examples of times when I thought about it could have increased the shares I hold with investing any extra monies.
I am clearly an excellent hindsight trader........
I can't understand how we are going to make 2 million test a week without an income. It will cost £2 million a week to make 2million test a week? £8 mill a month, makes no sense. Walbrook have previously said there are no NDAs. I don't think CK is foolish enough to keep spending with out sales. So what are we missing?
Of course cas is being burnt. Its what is at rhe end of that matters
Omega will have a fully manufacturing unit with trained stsff capable of producing 2 milion tests per week. Which can be offered to the highest bidder.
It will also have a who validated poc test for cd4200 and cd4350
It will also have a food tech validated both in the u.s and china.
And also over 60 allergens ce marked.
I would say quite a valuable company.
Why don't you email Colin then post his reply on here. You've been asking the same question here all day. i wonder why.
Hi,
Does anyone have a opinion about this? Other than that I have an agenda? I am just trying to understand.
Looking at the October presentation ODX had £7 million in the bank on the 30th of September.
Looking at a June presentation the increase in manufacturing from 200,000 tpw to 1million tpw was expected to be £1.9million. Note that was 1 million test per week at the time not 2 million tpw.
So that leaves £5 million, although not all of the 1.9 million may have been spent yet, we still have 2 months until April. But orders will have been placed and they may have had to pay for machinery up front?
They have been making tests in October, November and December, I guess around 2 million tests would have been made at an average of around 200,000 tpw.
In January they should have made another 2 million tests. We know they have income from RTC of around £250,000
We know that an RTC test costs around 75p per test to produce, other tests, I suspect are higher, say an average of £1.00 per test?
So £5.25 million less £4 million(tests made) = £1.25 million
Looks like in the previous 6 months( Octobervpresentation) they made 2 million profit from other sales . So if we add hald of that for the last 3 months, they would have around £2.25m in the bank.
Hopefully we have made and sold 3 million Visitect antibody tests at over £3.00 each and banked £9 million? Or have we got 9 million quids worth of stock on the shelves? Waiting for an order?
I also know they have other incomes from other tests.
I also know that not every sale would generate an RNS but to my knowledge there have been no reported large orders for Visitect? If the RTC order for 175,000 (+25% of future orders) tests was price sensitive and RNS'd, sales of Visitect should also be RNS'd?
I feel that as no sales figures have been disclosed, nobody knows? Even a tweet would help...
Typically in my businesses (Construction) we often get paid 30-60 day after delivery. What about ODX? Payment up front? Payment on delivery? So how long before the cash starts to get low?
This is what I do not understand. Am I way off the mark?
If anyone can shed some light rather than shouting me down, I would appreciate it.
I do hope we get TT and sales soon, I just want to understand the position better.
Thanks
BB
Sky monkey,
Thinking it through, from presentations last year they were expecting to be making 200,000 RTC test a week. So thats spending £150,000 per week making those tests £600,000 per month. Planned income of £1.2 per month.
So my thoughts are they are ok at the moment but not indefinitely and we assume they are manufacturing at full speed and spending big every week.
Obviously any Orders can change this in a flash.
What are your thoughts?
BB
For flip sake there is no cash bun placing issue bla bla bla !!!!!!
What do you think? What's your opinion?
Hi All LTH,
Do you think that during the presentations toward the end of last year. The FD (can't remember his name) would have been thinking that toward the end of Jan they would have had no further sales from the framework? The frame work was worth around 9 million in profit.
Genuine question. Does that now increase the risk of ODX needing to raise fund? I know they may potentially have other agreements soon.
This is not a deramp but a genuine question.
Your thoughts, along with any evidence please.
P.S. I held through the last placing, but I wish I had sold then bought back at sub 40p.
Thanks BB