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Tecbadger. - how could or would anyone come to that conclusion. The RNS clearly states that DAM have exclusivity to use and sell this in over 100 clinics in UK and Europe. Given that they have 40 odd in the UK and only 15 in Spain that offer LFT tests, I suggest that the "100 +" covers outside just the UK and Spain - and why wouldn't it.
Antanasoff. The only rumour you need to worry about is the anyone is taking you seriously . - if you do not know the status or types of approval that ODX have applied for then you obviously are as clueless as you sound.
Bit, FWIW, yes FDA approval is for P-use. We have already CE marked for proffesional use and can sell into the EU through DAM, just awaiting the CDTA tick in the box to sell them the UK as well. This is just a tabletop exercise and shouldn't drag on, after which DAM can sell and use them in the UK.
CE mark for self use is the big one here - the Government cannot order anything or trigger the 370mil contract without it. All three could come anytime.
Not invested here but I doubt very much it will drop anywhere near the 20s. Good news of the TT with Avacta or orders and it could easily treble from those levels.
This is a huge discount to the IPO at a quid, are investors expecting the Company to do a placing or is it the GLP (who are a bunch of mis-fit chancers, in my opinion) action that has spooked everyone.
FWIW, I am not invested here but very tempted if it does drop any further so thoughts welcome.
With TheiremRX wishing to stay "under the radar" pre funding - this deal will have recieved zero coverage across the pond yet - apart from the entities involved in their funding, and it could well be them that are buying in large chunks here.
Suzy also mentioned yesterday about their scientist being aligned with Val's - it sounds like this deal has a lot more than meets the eye.
She did a short interview yesterday. But if you follow her on twitter then you will know that they a planning a Live investor Q&A session (later today or tomorrow???). Suzy tweeted that she was delighted with the deal after the RNS - I think she expected the SP to rise yesterday not fall.
Well, I took a position here in low 30's before close yesterday. Not sure what the SP will do today but after listening to Suzys short interview after hours last night I think there has been a huge misunderstanding or misinterpretation of yesterdays RNS - I look forward to the Q&A with Suzy - open questions from shareholders, live and pre-submitted with Camera's on as promised on Twitter last night - that sounds like a CEO that thinks this is a very good deal for the company. I expect a rise once investors properly analyse the potential here but you never know - any drop and I will look at adding.
Looks like exclusivity is both ways - this however is only for the professional-use VT test, not the self test version.
Also for those pointing out that DAM healthcare have only been using 200k LFT's a month - remember that that was before the rules changed on the 24th Oct allowing international passengers to use LFT instead of PCR tests.
It may be through Rose Tinted glasses but I do not see Colin signing away exclusivity to DH without either the margins being very good or some decent projections on quantities going forward - as always the devil is in the detail which for obvious commercial reasons we will not be privy to.
HUA is still the key here. With or without the HMRC contract (and the RNS indicates Colin is still confident on that front) then it looks like ODC will sell all they can make. In fact provided DHSC allow ODX to use the Gov sponsored manufacturing machines (and why wouldn't they) then selling the Visitect self use tests through DAM and others may be a lot more profitable than selling to the UK Gov.
A few muppets posting on here this morning that obviously, despite their claims haven't a clue about the industry. Those are Exon drills, JHI have an interest but will have next to zero say in selecting drill location, analysing data etc, and thats the way it should be- Exon are the experts . WTE are not even at the table.
Those drills are not WildCat drills as such but are still Exploration drills, not appraisals, so the CoS is still relatively low. Most would or should have worked out that a successfull drill would have doubled the SP with a duster dropping it below 10p - High risk, High reward.
I suspect that this has been slightly overdone and will settle around the 9p level later this week or next as the longer term investors buy and others realise that WTE are funded and carried for a few more drills to hit the jackpot.
Released 10 mins ago, getting close to the 30%, whatever you think about RB, he is a shrewd operator. Does ge have a buyer ????????
Phoebus, I think the ECO price drop is due to any drilling on Orinduik being unlikely before 2023. This has probably had a knock on to WTE who interpreted the ECO drop to be Sepote news related.
Day 60 of the Sepote1 drill scheduled to take "up to 60 days" is Tuesday or Wed, so fingers crossed for news this coming week.
Harel, what suggests that exon will perform a DST, as far as I am aware, they do not have any permitting in place to do this, there is no other rig or vessel scheduled to collect the Oil and no flaring consent or capability to flare off the Oil.
I may be wrong but think any DST is highly unlikely, why do you think or know otherwise.
By my calculations, next Tuesday is day 60 of a well scheduled to take "UP TO 60 days". This includes pulling the drillbit/tree, plugging etc.
I do believe that no news so far is good news for ECO and even more so WTE (who have a lower MC but exposure to the drill). So if everything has gone to schedule (they may have gone deeper or side tracked but I doubt it without notification) then news should be out early next week- fingers crossed its good news.
Corby, its more like $30mln a year free cash to Alien. 1.2+million tonnes per year, costs $60 per tonne, todays selling price is $120 per tonne. This is assuming that the $60 is Opex and doesn't include the low CapEx for the project. It also doesn't include the extra Iron Ore that they will find when they start exploring the other 90% of the ridges on Han****. A 50% increase in Iron Ore price equates to 100% increase in profits to Alient as OpEx stays the same. This could be huge, and then we have Elizabeth Hill with not only silver but also decent PGM's possible, and of course Brockman which has huge Iron Ore potential.
Corby, its more like $30mln a year free cash to Alient. 1.2+million tonnes per year, costs $60 per tonne, todays selling price is $120 per done. This is assuming that the $60 is Opex and doesn't include the low CapEx for the project. It also doesn't include the extra Iron Ore that they will find when they start exploring the other 90% of the ridges on Han****. A 50% increase in Iron Ore price equates to 100% increase in profits to Alient as OpEx stays the same. This could be huge, and then we have Elizabeth Hill with not only silver but also decent PGM's possible, and of course Brockman which has huge Iron Ore potential.