RE: Be very careful14 Jul 2020 14:42
This stock could go one out of two ways. Either the life saving Lateral flow tests gets approved and this rockets to minimum £1.50, or it doesn't and they slump down to 20-25, if they're lucky. Omega seems to have a lot of tests awaiting approvals, or tests being trialed, or tests been approved but waiting further approval. Never any concrete news that they have won a contract to supply.
Yes be very careful if investing any further in this stock. I am very tempted to top up at the current SP but I've topped up twice now and want to start seeing some results. I'm sure something will come through soon but I'm starting to fear that getting the Mologic tests distributed abroad is going to be trickier than they thought, and there's no guarantee that the lateral flow tests will be approved either. But this is the AIM for you, it's a gamble that could go either way. Just DYOR, put your money down, and hope for the best. Good Luck!!