Member Info for Mikey279

Yep a proper spanking but we hit £2.70 just over 2 months ago before we were even validated, now we're a lot further down the line in terms of commercialisation and we sit at £1.80, some perspective is needed.

I personally was always going to see out the LFT story and we've barely started, the next few months will be very interesting.

yep up to 7.5m shares to go through as of the 4th - can't be far off now even if it's the whole lot

spoke too soon they're back, chomp chomp

MREX appear to have switched sides - Conifer ****ed off hopefully

Agree ben, the issue with having waited so long is that you expect the next piece of news to be worth 500% and when it doesn't happen or it drifts it adds to the fatigue and people inevitably sell

If you were to however see it as a new investment where you have X company with all of Y in the pipeline over a news rich period of the next couple of months with a possible 5-10x uplift potential, it will do you wonders

I keep saying this but the hard and risky part of evaluation/validation/approvals etc are all done, the time to sell due to 'bottling it' was prior to that - now you're just giving the newcomers a freebie to your hard work

The supposed demand 'increased' to 3-5 years today, not to mention demand for the best test available - there's no need to worry

Our max capacity has also potentially doubled in the presentation, so base case £5m profit per month will potentially become £35 per month or even up to £60m by end of year

Comfortable hold

Whilst the twats and traders have their fun with Conifer - lets do a stock check of where we're at

- AVA6K heading into trials shortly
- 5m - 30m UK capacity being worked on
- First distribution deal signed - with many more to be announced over the coming weeks along with commercial end user deals
- Medusa home study being worked on
- Still in talks with government re PD/procurement
- Advanced stages with TWO overseas manufacturers to increase capacity to 1m PER DAY, he also mentioned back up so there could be many more depending on demand
- 3-5 years of demand
- In talks with airlines etc
- One of if not THE BEST test in the world
- Highly likely Indian variant is detectable
- Funded until 2023 even without LFD sales

Sort out the distribution and end users, land 1m per day deals on top of UK capacity and we could be making anything from around £35 - £60m per month in profits

Have that.

Conifer was a strange one as said before:

They wanted in for non-covid opportunities having done years of DD, could've bought any time from 20-40p, but placed at 120p then sold prior to any non-covid opportunities being realised

They also started selling other stocks such as BUR around the same - so probably distressed/re-balancing

Anyway - their shares are the reason for the drop

Will just say this once - we're dropping and have been for the past few weeks because of a large II seller, it's easy to see when you look at buys vs sells, once that supply ends it'll reverse

If you want to sell then base it on your views of the company prospects - not a dipping SP (as much as it's human nature to panic)

Also ignore the trolls who will take advantage of the seller and blame it on timelines etc etc

Well advanced with 2 companies focused - with back ups

Increase to 1m a day

BOOM BOOM.

Sorry also missed out 3-5 year demand

The 1m per day is a MASSIVE easter egg, he mentioned its close IIRC - that's double our max current known capacity - a less than 2 month TT time and higher margins

Once that lands - we're in dreamland

Not concerned about SP movements - Conifer probably still dumping and some bottlers leaving - patience will do wonders here

Minus
- BBI
- Tighter margins

Plus
- Confident of India variant
- 5-30m per month UK from Q3
- 1m per day from overseas
- Demand from Asia
- Still in UK PD process
- One of if not the best test in the world

I'll take that - 35-60m per month

additional 1m per day OVERSEAS

so 60m max per month

Yes a comprehensive update would’ve been nice but be grateful ffs, I’m sure we’ll get those soon

You don’t sign global distribution deals without capacity in place

Looks like a few got caught out then

Not groundbreaking but that’s the official launch, expecting many similar deals in the near future

“Avacta will continue to focus on developing direct sales opportunities to major corporates and other large scale end users.”

Wasn’t expecting an RNS but that’ll set up the presentation nicely

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No need to thank me

I'm late but.... LEEK?

Yeah not a fan of this 'my mate down the pub' *******s, not saying it isn't true but when information (both good and bad) is passed through multiple parties it's a game of Chinese whispers, things also change at the top level within a second

Looks like Conifer are still offloading and we're in a bit of a holding pattern, story's not changed though just need an RNS to suggest its all systems go - and then the flurry will start!

7am RNS in time for the presentation will do

PL, I just think that we could be SONA or NCYT/ABDX/ODX/Mologic right now with massive brick walls in front of them - yet we've still made it out 'alive'

The more I think about it the more AS seems a genius, he's managed to navigate the Saliva debacle by going AN and UK/Condor/PD by going EU.

We've got all our approvals - if a UK sovereign test is 'off' (which by no means is the case), as mentioned before it frees up their entire capacity and guess who has the best test in market to produce?

We're also actively targeting our main market in the EU which is much bigger anyway. It's a brilliant position to be in, best not to panic on movements and sentiment on a daily basis, the hard part is already done.