Member Info for Kong1

I think I mentioned news from the 8th on a earlier post so 2 days early, well chuffed with my guess.
Another well and another positive along with the Italian news.
Should tick up a little over these next few days
Then onwards to the next well.
If I remember finiancial update shortly so if that’s positive should be in for a good couple of weeks momentum

Jdt, beinthelead and Matt many thanks for your replys much appreciated

Hi Matt
cheers for that, I understand if we get CE markings we are acknowledged to have prob the best test on the market but how are the others selling their tests if they aren`t CE marked ?
I`m surprised if we could sell on the CV results, why we shouldn`t be selling already then just CE our test when we get the go ahead and the rubber stamp.

Have any of the other tests got C.E. Markings ?

And if not Why do we have to have them, and can we not sell our tests without a C.E. Mark ?

Hi timster
I didn’t realise innove had such a good test

The government said that for every 1,000 lateral flow tests carried out, there was less than one false positive result, and the rapid tests were particularly useful at detecting high levels of virus.

This was in the news that the government just announced on Bbc
Surely we have the only test that gives this result

G.man11
I do so hope your 100% correct

A question please
I’ve been here since March of last year with a nice little holding,
Avacta are striving for the C.E. Marking, which I understand why.
But I take it none of the other tests out there have C.E. Markings, or do they ?
If not they don’t, what is stopping us still making and selling out test as it seems ours is the best.
Why can’t we sell the test and C.E. Mark as and when we get it .?

Sangijuleas
Your seriously out of your depth regarding how all this works, you need to understand about buying and selling shares and to be honest your boring the tits off me so your going on the banned list.

I suspect the share price has been kept low by the traders to fulfill the large buy orders today.
There’s a good chance we may have a rise tommorrow.

Timster it’s only 10,000 shares £25,000 worth hardly going to
Make any difference, one of the employees has just cashed his shares in for a deposit on a house nothing more.

Bebeto

having worked out the average meters per day on drilling the bore on the last well, I concluded it should take 30 days to drill to a depth of 3500m so we very well may have news sooner than the 19th but fingers crossed to which ever date it comes out, just keep an eye out for news after the 8th of April

Ray.Thirtle
im struggling to understand why AVACTA are exempt from a close period.

A close period is so directors can not buy or sell shares prior to financials being disclosed

So Vox is having another interview with AS on tuesday, I`m struggling to understand why, when there`s not much to talk about, what they all ready didn`t cover the other week.
That is of course unless something is anounced either monday or tuesday ? But who intitiated the interview and why ?

Regarding what thoughts are on share price when news hits is anybodys guess, And to some life changing.

I have a few here, but less than quite a few and more than a few others, For me the life changing numbers may be £10 plus.
but its the life changing events that will give me the most joy because that will take the stress out of the numbers and will make me think differently.
Firstly we need the CE markings which will then lead to serious orders for the next 12 months and after that. This will transform the bank balance and put considerable forward momentum on the share price.
The next major life changing act is for the pro drug to be succesful.
From here on the pharmaceutical industry will just be transformed by Avacta. so what will the share price be ?
Would there be a takeover ?
could any competitor afford Avacta ?
Or would Avacta become the biggest Pharma company out there. ? Their products would dominate a £200 billion a year industry.
Good luck all, this year could be the biggest transformation of any PLC in the shortest time with many millionaires created !

Kong

After watching the interview yesterday , I was seriously surprised to see the share price come down, I was expecting 6.5-7p after we had reached 6p on Thursday.

Well not to worry as I find it extremely hard to see this going down, they are printing money daily with the amount of BOEPD that is being pumped into the bank.
Looking forward to seeing a good trading statement first week in April and healthy numbers in the bank, with the possibility of another well to be drilled at the back end of the year
I’m fully loaded else where so not got any spare cash to top up at the mo but as and when I will

Jazim

unless i`m wrong, i`m sure the CEO mentioned that production was 3ooo BOEPD.
the figure of 2243 BOEPD was before this last well was put into production.

first of all, every day more money enters UOG bank account, The CEO mentions they are very profitable, very little outgoings so cash in the bank is accumalating daily.
due to the fact the last drill was succesfull, UOG has agreed to pay for another well to be drilled later this year that wasn`t scheduled.
The CEO also said other wells could be drilled depending on success rate. so we have the one now that is being drilled, another has been given the green light and hoping if one of these next two is succesful we may see another prospect drilled.

Trading update first week in april should keep share price steady until news of drilled well completion first week in May or week before.
cant see no reason why share price shouldnt steadily rise each week just on the money being pumped into the bank from oil produced

Kong

Muck 165

cheers for the link, Having scrolled through the link, I notice that chris Tranter Managing director of GINOLIS has liked the lateral flow test of AVACTA as well as posting a like to BBI and Abingdon,
Not sure I would post likes to opposition, so i`m presuming they are all in bed with one another.
Lets hope and not only we get the CE marking but huge order numbers

Mandy many buys and share price not moving, is there and significant large buy being processed

I’m very suprised at the results, I shall stand corrected and good luck to all