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Very worried, very exposed. Simple sell some, you'll be less exposed and less worried!
if you bought them at this months high of 193 you'd only be 10% down though....
Yup CityOne.... I’m a big believer in Avacta and have held shares since 2009. I agree that it is unlikely that HM Gov would not buy the LFTs but even if that were the case, so what? We seem to have tunnel vision on HM Gov when there is a whole planet out there.
Spike
It’s the test everyone is talking about
Very slim chance government won’t order
Only concern is the transfer of information
To manufactures that may not be able to
Manufacturer enough to keep up demand
Nice problem to have
If we get book orders it will be enough on sentiment
To take this up
Gazza, I understand your concerns
It’s not about approval, it’s not a problem here
There is other news that will develop a foundation
Before the big news
Anyone selling will regret it, I have a figure in mind
Before Christmas, I’m certain we will be there
I’m not a ramper but a realist
So not going to mention figures
It will be significantly more than where we are now
Off the scale so to speak!
Gazza.... if you mean the SP will dive if the LFT ‘fails’ validation then I would agree. Hopefully that would be cushioned by better news on BAMS, ELISA, Therapeutics, SKIN (to a degree) and other ‘near term’ products. The SP would fully recover next year when cancer trials commence.
If you mean that the price will dive if validation is delayed, I don’t think so myself. With this same backdrop for the last few months, the SP has RISEN to a new higher base. Yes, it might drift about a bit within a small range, but I wouldn’t expect a dive unless bad news was released.
The bigger concern to me is that the test is validated & approved but then not purchased by UK Gov. However, we’d have the rest of the planet to sell to instead so that doesn’t trouble me too much. In fact, my personal view is that UK Gov & CONDOR have Avacta in shackles at the minute. If they said ‘we don’t want your test, we are therefore unlocking your shackles’ I think Avacta would be immediately overwhelmed with interest and orders from overseas, probably more than those from UK Gov. Just my own views :-)
We're hanging around the 170 range as any decent long term holder here knows this will fly when the news lands!! Not too many selling up, I'm holding my allocation may try to buy more on any small dips!! GL All!!
So all looking like to kick off between 28 September and 28 October better late than never and in time for everyones stocking fillers!
Spike - agreed with all the principles you state!
My worry is exactly that - the drop hurts my margin on Spreads (I Have shares and a big spread bet) .
So when it drops I get a margin call - dont wanna sell but am getting nervous that if we dont get approval the price will dive........
That’s the spirit Gazza..... c’mon son !
Sell your shares Gazza if you are worried about the price dropping. If you are correct you can buy back in again at a lower price..... so nothing for you to worry about ? Unless, of course, your biggest worry is that you sell, and then the price shoots up like a rocket within a few minutes ? If, on balance, you think that the latter is more likely, then don’t sell and be a bit more positive in your outlook.
Yes remember it well - 5th August now 18 September - how patient can we be!
I will NOT sell but am impatient now ......cmon AVT!
Here you go Gazza, remember writing this? :
Patience05 Aug 2020 09:42
Be Patient ....tests - especially a saliva 10 min test - are gold dust!
When they are ready they will deliver - stock up and wait - bumps along the way are guaranteed. Those who dont like waiting should jump - others who are patient will benefit .
The consensus seems to be the common sense option of selling until you’re not very worried and very exposed. You’re welcome.
While the price is waning, a great chance to grab a few extra.
We all know the test is going to work, and it's going to work well.
I expect it's taking longer than we like because this is the moonshot, it's Bozza's baby and it has to be right..
FOMO will kick in later this afternoon? ?
Discount day !! YAY !!
This was posted earlier today
"PAH00
RE: Tech Transfer - BBI & AbingdonToday 10:26
I posted this last week it's in relation to the tech transfer and clinical validation relating to the transfer from Mologic to ODX for the antibody test. Gives an idea of timescales.
"The transfer of the manufacturing process to Omega will enable it to undertake its own validation work to prove equivalent performance and to demonstrate the test can be manufactured at scale to meet the UK Government's demand. These activities will commence immediately, and the Company expects to complete this work by the end of August."
This was released at the end of June.
So approx 8 weeks for tech transfer and validation. This shouldn't be required for Abingdon as the RNS states equivalent product.
In the meantime Condor have probably been looking at the Cytiva prototypes and will have samples from BBI shortly.
The BBI RNS was the beginning of August so hopefully full validation within the next week or 2? "
Worry is normal - cant understand the delays when its so needed ......
Hence I have held through all the storms and then the rises .
Now however is CRUNCH time and we need the tests validated yet no announcements .
Government needs tests!
Avacta need to provide them.......why isnt it rushed through and available! I am very worried and very exposed as the shares drop ......any advice?