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Watched Trump's coronavirus task force press conference last night. A spokesman for the FDA was put up to speak about testing. He seemed to advise that a very large number of tests were now available And, almost unbelievably, that most of the companies making them had, in the interests of speed, been able to self certify their efficacy. The market will be flooded by a load of dodgy tests. I am concerned that we will arrive on the market a bit late and be lost in all of this. It's Trump's America after all. The lunatic is running the asylum and as we know the best doesn't always win. ( Betamax v VHS ) What do you think, Myles?
Yet again that idiot Han**** fails to acknowledge Novacyt’s involvement in, and contribution to the testing effort. Correct me if I am wrong anyone, but our name has NEVER been mentioned by any Government minister. Is this simply a coincidence? Of course it isn’t. As we all know our gold plated, 100% accurate test was available to the NHS at a very early stage but the arrogance of PHE was such that they decided to ignore us and to manufacture their own test from scratch, a test which we have only now, grudgingly been told was not accurate and caused many NHS workers to return to the front line and spread the disease. What an embarrassment it would be for Han**** et al if it became widely known that they had a foolproof test from the start but chose not to use it. So, every mention of Novacyt by them might just cause the press to dig a bit deeper and expose the dreadful truth. Better just to blank us and hope it all goes away.
Before I start I confirm that I am a holder here but there is a matter which is concerning me a bit. We are only part of a conglomerate if different companies involved in trying to find an antibody test. This conglomerate was put together by government. Does anyone know what the terms of the agreement between the parties is? For all we know this might be a " not for profit" set up put together by government for the national good. Even if it is not surely profiteering will be frowned upon and in any event the proceeds will surely have to be shared with the other members of the team. The position is at the very least opaque. Any views?
No one attacked our product, Lorenzo. We cast aspersions on the government and their testing capacity. They replied in a dishonest disgraceful way. In any event the relationship is damaged and that is not to our advantage.
Got to say that it was pretty naive of Achilleas Neophytou, our Marketing Manager, to be critical of the government in his comments. Never a good idea to publicly **** off one of your potentially biggest customers. It got the predictable response with an unnamed “Government Spokesman” making disgraceful comments about the possible unreliability of our test. Surely we all know that Governments will always defend their actions in any way possible, lies or otherwise. Anyway, where does this now leave the state of our relationship with HMG. Neophytou would have been much better advised to make reassuring comments about the reliability of our test and our willingness to help the country in any way we can. We are now left in potential loggerheads with a massive customer. I appreciate that there are many other potential customers in the world but this was not good in my view.
What is there further to say about Adams. Now we are told that the notarisation was just the beginning of the closing process! I wonder who gave us the idea that the first tranche of the monies from ANS was to follow imminently after that last meeting. It is now clear after the recent press article and listening to this stammering, stuttering fool today that ANS is a fledgling institution with no experience of this type, or indeed any type of project. I highly doubt that they have any money at all never mind the large sums promised. I would not be surprised if this mine is never constructed. In any event nothing of any significance will happen until after the election in September and no doubt after that has taken place the great Harry will be telling us that the new administration will need time to bed down and revise the revision of the sign off documents which have been collated for completion by the various Ministries. That was Harryspeak at its best by the way. Sorry, uninvestible is the word now.
Eco St shows how little trust there is in the management here. The “News” yesterday should have settled nerves and caused an avalanche of buying but look what has happened. The rise massively sold into. 4-1 sells to buys today. I am afraid that if and when the signing takes place this is exactly what will happen again and the price will settle just above where we are now. Too many people are scrambling for an exit from the nightmare that this share has been over the past year or more. Any idea that this will zoom up in a vertical Elaine is pure fantasy in my view. IF we get the diamonds and IF Baita Plai is really the Aladdin’s cave that we have been promised and WHEN actual cash is rolling in that is the time the share might go north in a meaningful way. Why will we have to wait until then? The management has justifiably earned a reputation for untrustworthiness at best and dishonesty at worst. I hold a lot here but I can tell you, if we get a decent spike on news I will be lightening up considerably or exiting entirely.
Must say that I did not like the contents of this interview with Newman Chiadzwa. It looks like the locals are digging in for as much as they can get and agreement between all of the parties is far from “ imminent.” Ideally they would like the lot and will want to give as little as possible to Vast. This could be a volatile and lengthy procedure and gives the lie to Andrew Prelea’s comments that the signature on the deal was delayed because of purely logistic matters. Investors urgently need an honest appraisal of the up to date position.
This has now become a bit of a joke. Not a word from this mob and now approaching 2 months delay. The shareprice has held up remarkably well but is showing inevitable strain in the last few days. For God’s sake give us some news!
Must be said that Gil was a lot more hesitant and unconvincing in this podcast than he usually is. Have held here despite the fall. Getting more and more negative I’m afraid.
How much money has this one drill cost? It is astronomical and still not a drop of oil flowing. Further, the RNS today suggest that the raise is simply to be used to re-enter 103c only. Surely to God there will now be enough cash to proceed directly to 104 but I’d doesn’t seem like it. Astonishing!
Can’t believe this has not dropped by more today. Calmly reflecting on today’s masterpiece of an RNS, I am just embarrassed that I was ever foolish enough to have an ounce of faith in Sefton. This grovelling attempt to explain his actions only after he has been caught with his pants down is nothing but simply farcical. Is there a single investor left who trusts a word emanating from Sefton’s lips. I doubt it. If there is can I suggest that he get some help. We have benn treated with utter contempt by this clown who must be ousted if this company is ever going to get its act together. As for the great Berwick, he is equally to blame. We hear of his great past, military man and all that. He is complicit in this shambles and we have heard not a word from him. Can’t see any way forward and I won’ be surprised if these two are forced out and sitting in the dock sometime soon.
This guy’s plans change with the wind direction. He has no focus or direction. Why not just get the Mengo etc up and running, pull in some cash and move on to the Djeno later. If going for the Djeno now gets us 2000 bod as he said then it’s not much different from the 1500 bod expected from the Mengo. A lot can go wrong in any drill so why take the risk for 500 bod. If anyone can f—k this up it is your man.
Guess who I am referring to. That nonsense of an RNS was just about the last straw for me. I have never been involved in a company where there has been such unnecessary, catastrophic damage done to shareholder value. Nearly every pronouncement from our Dear Leader since IPO has been disastrous. There is total lack of trust in every syllable to emanate from this idiot’s lips. Today was yet another example. Has anybody explained why we needed 3 reports? Not any of them has the status of a CPR which we were promised nearly 6 months ago. The company knew then that they could not provide the relevant information for such a report but we were strung along for months. Now more dilution to come. Some of my shares were bought at 30p for God’s sake and we were told then that they were cheap. My prediction is that we will never see anywhere near that price or even 20p. The status of all the information in the public domain is clear as mud. No measurable resources, no flow rates, no licence nailed down.Nothing. The man of whom I speak ( I can’t bring myself to utter his name) has to go. Trust has to be restored.