I don't know what this is due to but it is about time! i think Covid stocks have taken a bashing recently, inflation scares are mounting (see Bloomberg today - an article about USA inflation being inevitable just due to the way it's calculated). And we are now in a more news intense period after drilling has resumed since the summer. And we're still waiting for Scally news part 2 as well.
It's unnerving in that you don't know why it's dropped nearly 50% since the end of last year. This consistent drop day by day is prob down to (but I don't know this!): 1) People buying in too high in the last quarter of 2020 and selling out to preserve capital, adding a downward pressure to price, 2) COVID stocks are coming back into fashion as LFT is gearing up, drawing the 'fast rainbow chaser money'. 3) Do we have a big seller? I don't know. 4) Do we have a big buyer? Sure as hell doesn't feel like it. 5) Change in management. 6) Shutdown in drilling in WA for ast few months, now about to resume 7) Perceived bad Scally results, 8) More perceived bad Scally results to come and fear SP could take another knock. And yet, as has been pointed out, the resource continues to grow at an impressive scale, and with massive drilling over the next few months....the market will turn sometime!
I think now we're back in drilling season news will be more forthcoming and consistent and we'll get our steady rise. Might have to get latest Scally results out of the way for this to happen though as it's my personal belief they won't have hit the grades (though I think Scally will have a lot to offer, the chances of hitting in 7 drills are low). More important is it proves up the basis of a system there. Thanks.
I think the alternative version is more suited to real life: "If you can keep your head when those all around you are losing theirs . . . then you usually haven't understood the nature of the problem!"
RE: Well done CK- look at interims and clap16 Mar 2021 14:19
HI Regulaotr. You say that Bid stats republish info from other, official sites - which one in your experience is the best one for monitoring this? I'm fed up with Bid stats I got spiked last year when a contract came in for the RTC for a billion, only for it to be a repeat one or some nonsense. Thanks.
Also a bit of clarification on how things are progressing as well - managing expectations, and informing shareholders how they are getting on, is also a CEO's job. Take the cancellation of ABC from teh govt's process after it was flagged up by the Good Law Project - where did this leave ODX in terms of ABC antibody tests? It took Big Jock (FFS!) to confirm to us that we had been stockpiling. . . something (which I guess must have the been the ABC?)
RE: Problem maybe halting the rise.15 Mar 2021 11:42
I still don't understand why we're faffing around waiting for a test to be approved when Surescreen's has already passed. Why aren't we pumping that out? I've lost a lot of faith in Mologic due to the ELISA delays and the length of time TT is taking. The worse case scenario for me now is that Omega become something of a backup for the govt - we've scaled up and the contract today indicates we've got a minimum of £50 mill (presumably to cover our costs to date if no orders pending), and that we're only going to be used if and when needed. As vaccine roll out continues apace demand for LFTs is going to drop off quickly than people think (IMO) - unless there's a new variant that is vaccine immune. Of course there still would be overseas markets but I think process is going on in every country now. Welcome to any poster who can correct me on this as I'm just feeling a bit peeved about today! Thanks.
RE: So if Surescreen got 503m for 20m kits ?12 Mar 2021 15:45
One thing I haven't quite grasped yet is why we don't just produce the Surescreen test as that's obviously passed all the tests? Wouldn't that be simipler than hanging on for Mologig and whoever else is in the running? Cheers