Member Info for carlotowl

Novacyt doesn't have a larger MCAP because all they have is testing, which the market assumes is finite. Testing will continue post Covid but on a much smaller scale. But with Avacta the MCAP is being inflated by the promise of Affimers as a platform for much wider use cases than testing like the cancer therapies which arent finite. If covid testing proves Affimers as superior to monoclonal antibodies then the future is very bright for the platform and sentiment (and hopefully eventually revenue) will reflect that and the MCAP will rightly be in the multi billions.

Well we can only hope that we are the test starting trials Monday and we get an RNS confirming as such with initial S&S figures.

Last time the deadline was on a Tuesday and they announced the extension on the Friday afternoon. If it's going to be extended it will surely come today because they will know. But if there is no extension today then surely a contract is being finalised and they will RNS it Monday since the 22nd is a Sunday.

He already has - on Twitter.

I disagree. Thr SP rose in anticipation of 22/09, the last Billingham deadline then the deal wasn't done and it fell back.

This could be a rabbit out of the hat. Everyone banging on about the LFD and then they RNS that BAMS are being used at the mega labs. I can't find anywhere where it says these mega labs are PCR. The risk of BAMS failure is much much lower than the LFD and an announcement like that would send the SP much higher than £2. 600,000 daily BAMS tests eclipses thr current PCR capacity which is largely supplied by Novacyt and they have done very well!

When are people going to realise that none of these tests could be us until the tech transfer is complete and we received an RNS to confirm that! Come on guys, this is basic stuff.

I'm sorry boys but a 1bn market cap is absolute fantasy at this stage. On debt being sorted, buy in from BOD or institutional and being profit making we can expect a doubling or tripling, but making it into the 100s of millions or billion market cap is nowhere in sight. I'd be a multi millionaire if 3.4p occurred!

I think Boris has the heads up the pilot batch is complete and the LFT trial starting next week involves our test (and others). If that is the case then validation will be done quickly due to the amount of cases in the affected areas. RNS Monday morning confirming tech transfer and commencement of validation IMO.

Handjob is still talking up 500k tests per day by the end of Oct. Can't really see how he's going to do that in 2 weeks without the likes of BAMS coming online, so I think news is close in that field as well.

PEEL?

All these tiny £1-5 buys are very odd.

Agreed. I think it's unlikely we'll go any higher than 0.02 this week unless they reach a favourable financing deal. Medium term I still expect to see 0.03 - 0.05 if they don't make bad choices. I hope I'm wrong and it flies, but it's not the right time yet IMO.

Guys, literally nothing has changed other than they are now getting 100k a month instead of 50k. All of you who were positive for the last 5 days and this morning are all of the sudden doom mongers. The risk hasn't changed. The financing and issued share capital is the same as we have been expecting since last weels TR1. Yes I would have expected the SP to rise today based on the good news but clearly all the market cares about is the financing, which is fair enough. Legacy issues are being sorted slowly and unfortunately until these issues are sorted the company is a traders dream, which means the SP will act irrationally. Chill out and wait for the finance to be sorted. Will there be a raise as part of this? Possibly. But a traditional raise isn't the end of the world - all companies do it. The key bit is what will any raise be used for. If it's just for working capital then that's a massive red flag, but I would suggest with the new 100k a month fee working capital is covered. I still see considerable gains in the next 12 months if tjr BOD make the right choices.

Will be interesting to see if EHGOF start dumping again. If it does I can't see the price going above 0.02 until they're gone.

Just checked on here and Icon is the most traded by volume today. Double second place.

Surely they have to have reported the Joe.ie contract completion to the market by now? Unless they are working on a new contract with Greencastle as they are merely managing it and don't own it?

Looks like they linked another company's RNS to Avacta's London Stock Exhange website briefly before moving it :(

Yeah it came up for about 2 mins at 07:01 and all I could read was the title. When I clicked into it it just froze, then 5 mins later it was gone.

There is an RNS this morning about a takeover of a tech company or something but its disappeared. Didn't get to read it so don't know any details.