Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
He said we now have a lot of attention in the USA and hopefully looking to getting listed on Nasdaq too. Right now, is probably the very last we will see the share price down here. This will climb nicely all the way through June waiting for news. Unlike other shares where no news can mean a slump I fully expect people to keep buying in here all the way through as news keeps coming. This is one share I just don't believe is worth trading. Buy now and hold the damn thing.
If you cannot see the value in this company as a long term hold you really should not be investing. An amazing company and very glad to be on board for this journey. Lets see what this companies SP is in 2 years. Avacta is a keeper.
DYOR
Anyone thinking Covid-19 is going away any time soon is delusional.
Rest of the Africa, Indonesia & South America are getting hammered.
https://www.theguardian.com/world/live/2020/jun/11/coronavirus-live-news-us-cases-near-2-million-as-mexico-city-ramps-up-testing-in-push-to-reopen
People also need to not worry about Covi-19 disappearing. All countries opening back up are fully expecting a second wave but for the sake of the economies they have to go through it.
Herd immunity in the UK is only supposed to be around 9%, so basically 90% of the population have not been exposed to covid-19....a second wave will be coming but Governments need to unlock and get people back out.
The reason for phased unlocking is simply to keep the R rate manageable and try and start building up some national immunity.
Testing will be going on globally for a very long time
https://www.channel4.com/news/who-declares-central-and-south-america-as-new-epicenter-of-coronavirus-pandemic
Heartbreaking stories from South America. This virus is not going anywhere. We will be fighting this for the rest of this year. TEST TEST TEST is the only way out of this mess. Avacta will be huge and that's only looking at Covid, never mind all the other things we have coming. Just buy on the dips and go enjoy time with your family.
Avacta SP will be a lot higher than £2 in a very short amount of time
It has been a long wait. I started my relationship with this share at around 2p. Very happy to see that RNS this morning. I think we will be in for some nice announcements throughout June.
For anyone new to EUA, there is still plenty time to get on board. This share has a long way to go and if you are lucky enough to have just discovered this share then lucky you.
You will see healthy sp rises in the coming months and you did not need to go through the stress of no news for the last 3 months like many of us just did.
Here's to the next few months and the SP reaching the silly numbers we all had hopes for.
@ PL75 - totally agree, good post.
PL75 said
Just to check the logic. The worldwide market for testing is going to be absolutely massive in the short term and certainly vastly greater than the immediate manufacturing capability of Sona. They’re nearer to FDA approval which would demonstrate that it’s possible to work with Cyvita to produce a test strip that works.
Maybe my glass is half full today, but I’d see any success for Sona as fantastic news that would derisk Avacta. Were we expecting 100% of the market?
Then bear in mind Avacta’s test is easier to use for home use, Cyvita have categorised it separately saying it’s for mass screening. I’d be delighted to see Sona prove that an LFD test strip works and can be sold. Once Avacta’s test is ready to go, I’m sure we’ll still gain the lion’s market share until genuine direct competitors (i.e. spit on a stick tests) emerge
@Trek good luck today mate :)
RE Share price, I think a lot of buys will be coming from America now. Boohoo exposure pretty much opens us up to a whole new group of 'international' investors.
I am not selling one share. Avacta will be going a lot higher than £2. There will be a dip for profit taking and automated sells but this share has a long way to yet.
Yep, behaving nicely today. Bounced of 170 twice now. Happy with that. Also many in the US yesterday did not get a chance to catch all the UK news that was being released. US interest should build over this weekend and into next, which will then be followed by Cytiva news. Lots more rises to come. £2 and much more is coming...patience.
Off to enjoy the garden...have a good weekend all.
More news rolling in. The Boohooo hook up was a very smart move by Avacta.
https://www.selectscience.net/industry-news/avacta-and-medusa19-enter-into-a-distribution-agreement-for-covid-19-antigen-test/?artID=51540
People need to realise that this price is nothing for Avacta. So many jump on here and try and treat these stocks like we are living in a normal world. These stocks don't act normally because its crazy Covid-19 times.
Avacta has just managed (through Covid-19) to launch itself into another league. It will make enough money from all the rapid test sales that will be rolling in over the next year to fund ALL its other research and product launches.
I know it sounds rampy but the current share price of £1.80 is 'nothing' for this share. Buy what you can and wait for at least two more months, Then you will see the real rewards from this share.