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'The market' didn't take us down.
The initial spike was like an adrenaline rush after being starved of any sort of PO for so long
But then the buzz wore off when the word 'exclusivity' in the RNS sunk in with the realisation that we basically cannot accept any higher orders due to this handcuffed, stand-by, 2 year contract from the GOV that is pretty obvious now, when you see the vast sums of money reported we're sending to China, isn't going to be activated or needed
Don't forget when the GOV pulled a PR stunt by sending a few hundred thousand Surescreen tests to Uni's and felt the need to announce it on their website. Cute.
Have they ever posted/tweeted about the billion dollar deals with Innova/Flowflex?!
Not forgetting, the exclusivity of the DAM deal, means there won't be another 39 deals
Lord give us strength
Jubbly - That read like you were having a dig at me.... But I agree 100% with you
But there are still folk in here waiting for '£374m' to be delivered in a brown envelope, so no, you are not correct there. Read down just today, people asking when GOV will hand us £374m....
Max this is just pure logical thinking
Let me know what part of that sounds like it can't be true? deramping?! This is measured perspective from a LTH in pain you creature.
Love the way people say 'I'm putting you in the bin' like I give a fck!
You're missing the whole point of the GOV contract
It is there, as an insurance, in case Boris is let down by Chinese suppliers. Can you imagine supplies go short and the UK can't test the amount of people they need to?! British press would go INNNN! Hence the contract is already activated and in full swing SHOULD THE GOV NEED IT (which they won't), and ODX are 'on stand-by', as per GOV contract. And this is the rub, where the mistake was made, ODX cannot allocate production capacity to A.N.other customer JUST IN CASE the GOV come calling for their capacity.... So yes, eggs forcibly all in one basket
So the £374m was if it was activated on day 1 of the 2 year deal (which it wasn't), and run non-stop for 24 months. £374m divided by 24 months is £15.6m a month. Even if stocks of LFT get low and GOV ask ODX to bump up UK stocks, it may only be for ONE month while they wait for a container full of LFTs from China.
So the whole 'waiting for the £374m to roll in' is a myth and that's why the SP is where it is.
The contractual commitment just means to be on stand by, should the UK face any LFT shortages
9 months in, 15 months left on such contractual obligation. I, like most on here, order my free LFTs every week hoping they will soon show up as some UK tests but they never are, I’m on about the 4th different Chinese type now. Boris is not going to be let down by the Chinese suppliers, hence the contract will never be activated. IMO.
Who remembers Monday morning when this BB was rampant with “where are the derampers now”?!
Seems so long ago now!
What
A
Week
:-(
The Gov machinery will stay there for the duration of the 2 year contract which started March 2021 and ends February 2023.
ODX are on stand by to produce tests should Boris be let down by China, which won't happen.
Like when the first iPhone came out, it was only exclusively available on '3' mobile
Unbelievable
How is 200k per month going to benefit the company and shareholders? 10% of our capacity.
It'll hit 30's when the half year report comes out, without CTDA, FDA or HUA approval beforehand.
It's literally a race against time.
But agree, this company has been so sketchy. Even the part in the RNS about exclusivity with DAM, I've read it multiple times now and it reads like we can only supply to DAM (which at 200k is one day a month's production) but cannot believe that to be the case? Surely it's DAM that are 'exclusively' using only our tests?
The re-rate will be difficult when we all, me included, only have a desire to get out ASAP. Even Big Jock sells and he's the most staunch ODX supporter (allegedly)
That's illegal Nobby you wallopper
Hopefully todays expected RNS was already built into yesterdays drop
We are an LFT producer, today's drop is because there are 2 more companies ruled out of needing an LFT producer, through a potential GOV contract, in the short term...
Not rocket science is it
It would be 'peak ODX' for us to receive a PO, finally, then end the day red!
What will it take to finally see some fruits to our labour
Genuinely frightening how many investors are wanting out of here on any spike, it'll be so tough to reach the desired levels
According to Grant1987, the chinese tests are MORE expensive than UK ones due to postage and packing from China!!
"£1 Chinese tests, do me a favour, government not relying on amazon prime account for free delivery. They are paying for them to flown in you fool at great expensive making them more expensive overall."
This is the intellect we have invested in ODX and writing on this board, SMH!
Just read the Director deals again to cheer myself up LOL
I'd love to cash in @ 92p.... If only I had inside info back then :-(
"Roll on November"
"Wouldn't want to be out of this over the weekend"
So on and so forth
Who says that GOV are paying carriage Grant you cretin? And what makes you think they’re flown in?!
Never heard of price with delivery or CIF? And can’t imagine how many LFTs would fit in one 20’ container, probably millions, that costs a little over £10k for me to ship one in from Bangkok as I’m in the supply chain business
GOV don’t fly them in boxes of 10 packs with £9.95 delivery FFS hahahah