Roundtable Discussion; The Future of Mineral Sands. 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.
Paidster, the weekly terms for ordering PROmate I got from the new contract.
Not everyone orders stock weekly, some order monthly but agree that large stocks aren't held within the NHS.
Its difficult to estimate the split between analysers as it depends on what each lab has chosen to do with their platforms, ie what patient cohort.
1 kit per day wouldn't be an unreasonable average ( ball park) across England but this could vary markedly between individual labs.
This will be the promate supplied under the latest contract.
mind you a Corvette C1 is worth a lot more than the newer C3.....LOL
Might try that down the car dealership. What do you mean by selling me this 2019 porsch 2 years ago, you've got a 2021 one now, I want that and a full refund for the 2019 model I've been happily using for the past 2 years...
Current PROmate is ordered weekly according to demand, so there will be no build up of stock with the NHS.
exmex - oh no, then they would want us to return all the money they paid for the current promate...
Is the PROmate 2 gene covid19 test currently being validated by the MHRA? If this is the case and validation is successful the PROmate 2 gene would most likely become the test of choice for the NHS instead of the one gene.
yeah the only winners are the lawyers and they will drag it out longer than it is now.... plus doing business with the NHS is a massive endorsement to other customers round the world especially in the USA.... they still believe in Florence Nightingale
Trepid, it would appear that you have no knowledge or experience when it comes to how competitive tenders work. Everything is weighted and scored so a 'price hike' as you describe it would in all probability ensure that you lost the tender.
Dont we have to consider future NHS contracts ?
Hardball does not have to mean stopping supply. A UK Gov contract is worth something to us as a good PR reference for export marketing. Hardball could be continuing to supply but tendering with a worthwhile price hike until the dispute is resolved.
No one will want this to go to court least of all the government, NDAs will go out the window and all communication between each party will become public. Something the government has been fighting tooth and nail to avoid in the high courts.
Jaspertown, midnight 25th.
Avacta down almost 6%. NCYT up 8%....Yep PCR is dead. !!!
Let's just agree to disagree then. The only winners if this goes to court would be the legal profession as it would be dragged out for years with mounting costs for both Nova share-holders and the tax-payer. In other words, we would all get screwed twice!
It's relative though Brentw1. Lets say we are disputing c£70m. Unless we are going to make more than that profit from them in new deals then I'd sue them. To be fair I suspect they expect more than the £70m in additional business which is why they've taken the softly softly approach. But need to see that come to fruition otherwise it's time to sue them for payment.
I understand how you feel Bluelight but personally I would like to continue to do business with them (which would not happen with the T & C's you suggest).
The fact remains that everything ever posted on this board about the dispute is an assumption as both parties are subject to a NDA. We continue to need to be patient, knowing that the proper accounting provisions have been made for the worst case scenario.
The fact that we are still supplying and doing business with them is positive and shows that the relationship has not broken down irretrievably. I don't think for one minute that we would have won that recent supply contract if it had as the powers that be would have found a way to exclude us (it happens in the murky world of tenders!).
Anyway, GLA
Hey Poidster, are you of the opinion that ALL Promate ever delivered including that which in dispute has been used?
DHSC is withholding payment for a big chunk of Promate from earlier in the year in lieu of wanting a refund from un-used original tests from last year ?
I'd even go as far as saying I would take them to court right now rather than arbitrage. Why arbitrage when you've factored in the worst case scenario into your accounts, sue them and get the money back and costs. No point messing about anymore, sue the life out of them.
Hard ball all the way now. Why would we do them any favours if theyve made a mess of our company? Only way i would even contemplate engaging with them on a new contract is if it was substantial (I'm not talking 10-20m I'm talking 100m plus), and it has to be paid 100% upfront, caveat emptor no refunds. Other than that knock yourselves out with the Chinese rubbish.
Poidster - do you know roughly how much promate is being used vs other tests? Is it a geographical breakdown? Up to each NHS trust to order the test they like? What's the overall system of deciding which test will be used by which testing centre?
As always, thank you for your inputs.
@poidster, 330k tests, circa 170 Qs. If each Q ran 50 tests a day it's a little over a months worth. The question is, do we supply more or do we play hard ball. That 4.7m contract should have been nothing more than a stop gap while negotiations went on to an amicable resolution.
The NHS is ripping thru the latest promate deliveries, DHSC were auditing stock levels for promate couple of weeks ago.
That contract won't last long.
Anyone with any common sense would be ordering more, lots more for the upcoming winter flu,covid,rsv season right about now, its already v busy
Kitzie
The USA is not only pro PCR but pro PCR using a multiplex assay
Agreed, but although sad for many it's not the death rate that burdens hospitals, but morbidity of a desease. Hospitalisations are going up exponentially and approved testing is crucial to safeguard all patients....now add the USAs problems to it all....remember the CDC recalled all Innova LFT tests 4 months ago and the USA is very pro PCR.
Ask yourself why is NCYT Incorporated being set up in the USA?
PS personally I topped up while ncyt is trading at a discount. Wouldn't surprise me to see another £40m order for promate coming from the government before year end. Or, potentially a much bigger order but partially paid for with the credit note from the dispute. But this is now ramping - nothing to back this up.