Member Info for gemstar

Popped up at close

There used to be a Bishop Temple
Insider's joke
https://en.wikipedia.org/wiki/William_Temple_(bishop)

Yes, Ophidian, most of us noted your interesting heads up, and were waiting for someone to confirm
Thank you anyway

The media have been around this misunderstanding track before
https://www.independent.co.uk/life-style/news-of-death-greatly-exaggerated-the-report-on-the-bristol-cancer-help-centre-was-damning-it-was-also-highly-inaccurate-these-expatients-want-the-world-to-be-told-and-they-are-tired-of-waiting-liz-hunt-reports-1504475.html

Myles on supply and demand
'Shipment of Avacta’s AffiDX SARS-CoV-2 LFT began in the first week of August. Pre-orders of the LFT from
early July ensured that the test was sold out several weeks before first shipment. We have been informed that
delivery recommences next week. Whilst the Company has not provided details of production levels to date, we
estimate that it will deliver one to two million tests in August. Currently, the production output is entirely down
to a single manufacturing partner, namely Global Access Health (‘GAH’) (formally called Global Access
Diagnostics). Avacta’s second UK-based manufacturing partner, Abingdon Health, is set to come online in the
next several weeks. We believe that once both GAH and Abingdon are manufacturing the AffiDX LFT at their
contracted full capacity, Avacta’s output will be in the region of four to five million units per month.
Given that demand is indisputably already outstripping supply, we believe that Avacta will also mobilise an
international manufacturer (based in Mainland Europe, in our view) in the coming weeks. [Eight weeks ago,
management stated in a presentation that the tech transfer to said manufacturing partner that was already
underway, would take 6-8 weeks.] This unnamed manufacturer will have the capacity to scale to 30 million units
per month.
Management has stated that gross profit per LFT sold will be in the region of €1 to €2. I

"Lkoks like all the complainers are wannabe traders and gamblers, not well researched investers"
That could be the case of course
Alternatively they could be people who took seriously statements made by the Chief Executive over the past 12 months, including I suspect, some people in the Government

The perfect is always the enemy of the good

Obviously Brewster is a loss, but I suspect he may have been a ' best practice' man who may have been uncomfortable with the budget constraints.
I sense though that his plans are being followed through
AP stated that Covid travel restrictions made Brewsters work difficult, and that the new guy is very experienced
There is talk of a podcast shortly

The latest RNS says "the first phase of the mine plan provided for mining and development to be conducted by conventional methods (ie without the use of the Aramine drill rig) and this delay in delivery to site has therefore had no impact on the current rate of mining. The implementation of the Aramine drill rig will however accelerate, compared to the mine plan, the necessary mine development into new areas

Shorts closing would cause a RISE in the SP
I always get nervous when left dangling in air following wildly inaccurate statements
Walters stop loss will soon be triggered
As he correctly states, someone else always knows the true reason for the fall

The capitalisation is £15m, with an operating mine stated to be worth £75-£100m
Yes, there may be the occasional £1m placing between now and April
All capital expenditure now is
to increase production
Prelea sold his interests at 22.0. Price now 7.0

Good man
Only way up now
Only decisions now normal capital investment decisions, with the normal criteria
There's enough finance people there now to assess this

Yes they can give the company cash at 16p
After 5 years this company finally investable with endless conversion now removed

Just the usual 17.05pm spreadbetting settlement trade, which appears at this time at all companies, and which often gets avatars excited
It's already in the price

Medical device manufacturer symbol on box has identifier text Mologic Ltd Thurleigh MK44 2YA United Kingdom

Of course you need a formal RNS for first shipment of a ground breaking product

What happened to that Majorminer character who infested this board at one time with endless bullishness?

'but they didn't test it?'
Part of the endless Smith on going riddle

I've actually taken seriously the hyped statements of yet another over excited AIM CEO
These guys are more dangerous to your savings than fraudsters

From Colin Q & A on the ODX LSE thread

"Avacta is not one of the potential partner companies with a DHSC approved lateral flow antigen test that the DHSC has facilitated discussions with."