Member Info for maestro1

Hopefully more in the weekend news.

Uk govt cannot treat companies like this.

I wonder if it was ncyt test that were being cross contaminated.

So why they put a tender in?

What is their target please?

Topgun

Because another company has lost contract with govt and now they saying demand for other tests are greater. Ie lateral flow tests.

Gdr are in a saturated mkt, too many players trying to get the same cake.

Clearly states if no sales forthcoming next few months need to raise funds.

Sugarcoat it all you like, this is reality.

Log onto there you will view the presentation and see q&a's.

https://www.investormeetcompany.com/investor/meeting/investor-presentation-35

Post again

Q80: The update yesterday seems to highlight a big financing risk. Are you likely to riase more funds with a big dilution? Can you elaborate on the plans please

It is not the intention to raise further funds and the directors will do all they can to avoid doing this.
However the presentation and the interims clearly outline the burn rate of the business and the current cash position. It is clear from these numbers that if sales are not forthcoming in the next few months then the Company will need additional cash to continue as a going concern and one likely source of that cash would be an equity fund raise.

Ncyt has been the far the successful covid companies listed in uk.

The deserve respect for that.

the have money to fight DHSC, stand your ground ncyt.

dont be bullied

tsales

which one?

avct has ridiculous mkt cap and odx need some orders they have 190m mkt cap.

looking towards odx but not yet.

me personally i would wait for results, if it flows, farallon will dump into rise so you can still get in at reasonable price.

imho

have the board decided what form of funding they will use?

with oil recovering cant understand, is someone dumping?

granted it has large debt, but they produce large amounts which covers and leaves plenty of FCF.

Oils prices increasing q2 to $70.

i think the mkt agrees, down again 8.23%

My kids get free test at school, they receive lft and they are made in china, govt looking for cheap pcr tests. GDR is just too expensive.

look what ncyt are saying read the rns, the demand for testing is altering, imho demands moving towards LFT, ie govt providing 2 tests per week to each resident.

Even in USA they have given priorities to companies with making lfts, pcr will still be a form of testing, there are just too many companies making them.

With gdr not even selling material amounts and STILL waiting for eua its gonna be difficult, imho NCYT have eua in usa...

"Given the ever-changing nature of the COVID-19 pandemic and diagnostic testing demands, the Company continues to have limited visibility over future sales."

you wont be going on a holiday for a long time...

lft are the tests in demand, odx shareholders shouldnt worry.

in reality they had less than 5% left, in the grand scheme of things its only Around £1m worth of shares.

i remember the early days when this use to be around 3p, it was massively undervalued to it peers in aus then, the price just get falling, eventually i bailed, this fell to 1p, glad it recovered and now it over 5p. Still way cheaper, they need to list is asx then they will get value.

how many kabunga got left to dump?

this is the reason, whenever it surges they just dump, very strange dumping so called to results