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Scratching my head. So is the RNS good news or bad?

I thought it was good.

I never normally buy at these prices but I feel Omega and the RTC are going to dominate the rapid test market for the foreseeable future.

Just topped up.

gla

With self use approval still to come, and the airport tests from Mologic, this stock has huge potential. Once we have MHRA approval the whole world will be queuing up with orders. Rapid testing is the future in the fight against Covid.

Anyone who tests positive for antibodies will be given a barcode on their smart phones which will give them temporary immunity. The barcodes will be used to reopen theatres, stadiums, and travel. That's why they are distributing them slowly and in a controlled way. The barcode will be updated to the NHS database. Antibody testing will be huge. I'm holding until next year when this hits five or six pounds.

Just as I thought would and should have happened, start upping the volumes for Professional use while we wait for self use validation.

If the media gets wind of this, it will open at £2 for sure.

has been breached.

Good times ahead, multi-bagging starts now :)

Congrats to all those that held patiently for months. It's been hard, and at times very frustrating, but we got there in the end.

Congrats to Colin King and the whole Omega team.

So we will be producing 175,000 of the initial order. Omega will be getting £5 per kit, so that's £875,000 for the first order. The real money will come when we start doing 100,000 tests pw. That will be £0.5m a week which is £2.2m a month.

At 200,000 tests kit per week that's £5m per month. SP could through the roof in the morning, but I expect a high opening of say £1.50 with a steady climb north thereafter. Can't wait for the morning.

The mother of all RNS has arrived, fantastic news.
Great for the country and great for us investors.

Typical of Omega to announce when markets closed. Dont be surprised to see this open at £1.50.

FOMO starts now.

For those who missed it.

https://www.youtube.com/watch?v=7g8Kf_2wtrg

Back in January you could pick up a NCYT share for 13p. Today it's worth a whopping £6.40. Do you think ODX can get to those heights. That all depends how long Covid 19 is with us. If you believe it will be here for at least another six months, then 92p is cheap. Time to load up and remember why we are here.

https://www.insidermedia.com/news/wales/consortium-completes-successful-covid-test-study

Interesting Presentation lots of products in the pipeline. I noticed Colin was cagey with the self test validation progress, but I'm pretty certain that will just be a formality. Even without the validation this is move up nicely. Still a chance to get in before it breaks the £1 barrier.

September was a very good month for ODX with more to come. Won't be long now before we start production of the Self test.

https://www.insidermedia.com/news/wales/consortium-completes-successful-covid-test-study

Still going strong, news very close..............then watch this fly.

Couldn't believe my eyes when I saw the SP this morning. Good thing I sold half my investment a few weeks back. I was waiting to buy back in on the drop but wasn't expecting it to drop like this. Doesn't look like it will recover quickly either, with theatres closing and investors selling out.

Looks like it may stay between 25 and 30 for the rest of the week at the very least. Good time to buy back in and maybe a good time to trade it as well. Tempted to buy some more now, but I think i'll wait for this drop to settle. Also need to wait for more info on how the debt will be refinanced, and how long they intend to be closed for. With the other half of my investment taking a hit, it looks like I'll be here for a while yet. Bad day for investors.

Safy - People tend to believe what sounds believable.

"I was told by CK that it's been rounded up to 98", sounds like waffle, or BS.

"CK says we are allowed a 1% margin for error so the 97.7 is rounded to 98%", sounds more believable.

Just saying, so no need for the back and forth like some on here like to do. Thanks.

Margin for error I should say.

Safy - Your posts are informative and helpful but I gotta correct you here. You wrote:

OMG
why are you writing we fall short of sensitivity. WE FECKING DONT!!
What part of this thread can you not read?

Up to the point I had made my initial comment, not one person had said that the MHRA had granted a 1% error for margin. So my comment was correct that we failed MHRA requirements, but the error of margin brought us back into line. If you can show me anywhere in this thread (before I made my comment), where anyone said that the requirements included an error for margin, I will hold my hands up, but for now your wrong.

Snowking - I’ve checked again and I think you could be right. It looks like the MHRA are allowing for a 1% error margin. Either way I’m sure we’ll find out in the Presentation on Monday.

trickymatters - So a higher spec allows for deviation, really? Show proof and I’ll holds my hands up. Until then I stand by original thoughts of you, a troll/ramper that talks a lot of nonsense.