Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
What does S&S mean ?
If you actually had any common sense, you would realise that it might not be appropriate to rely on any inadequately tested device for passengers using aircraft. It doesn't stop the device being used in other useful ways though.
On the other hand, seeing as how passengers all over the World are currently boarding aircraft not really accurately knowing whether they have infectious Covid or not due to the total lack of adequate testing of any kind, some people might think it a bright idea to cautiously try out the new Awacta LFT test to see if it does actually work, or not, as the case may be. You might, surprise, surprise, call this tentative approach to initial use of the LFT device errrrrr....... .....VALIDATION !
If they are currently boarding aircraft effectively without any testing at all, then taking a quick ten minute LFT test isn't going to add extra potential harm should if actually not work properly. But the advice is to get a PCR test as well anyway if an LFT test shows positive.
Are people really thick or what ? The process of official validation is precisely the process of trying it out for real and using things like PCR testing to compare results to see if PCR & LFT produce results that agree, for example. And that IS what is going on at this moment. It's just all shrouded in mystique & the self importance of bureaucracy.
Hmmmmn ? Mystique & self importance; that sounds a bit like someone called Ophidian.
I wasn't able to say that Mologic took about two months to achieve validation for their antibody test, which is a good i indication of the time it might take for Awacta. So very, very soon we will have the validation results. And it is impossible in my own mind for me to be able to imagine that the Awacta LFT device has not been functioning exactly as it was designed to function and it would seem quite impossible for it to fail to be validated and released for general use.
Ophidian - I thought you were a person with the literacy to be able to read and understand what you were actually reading. I said taking the test can do no harm in itself, obviously implying by the tone of my post that that elusive thing - common sense - would have to be available in bucket loads in using this new device just it has to be available with any new thing in life until everyone is confident that the particular device has built up a past history of success. There can be no past history of success without the device being used - which is precisely what the process of validaion is.
Doh - thicko !
And as this idiotic website would not allow me to finish my post I wasn't able to say that Mologic took about two months to achieve validation for their antibody test, which is a good i indication of the time it might take for Awacta. So very, very soon we will have the validation results. And it is impossible in my own mind for me to be able to imagine that the Awacta LFT device has not been functioning exactly as it was designed to function and it would seem quite impossible for it to fail to be validated and released for general use.
I've just done a quick Google for information about exactly what is medical device validation & how long it might take. I've not had time to spend ages reading everything & organise links for here. I've been puzzled why there hasn't been the slightest explanation anywhere about this process & what it actually means.
I've also been completely gobsmacked at all the political and media panic mongering about testing and the shambolic, disorganised way the Government has organised it & total lack of honesty in explaining that PCR testing doesn't help much stopping Covid spread because it takes so long to get PCR results - days, even weeks sometimes.
I've also wondered why both media and Government haven't been able to say it looks like we will soon have saliva LFT tests because this new technology has been tested, has been scientifically VERIFIED as actually working, but now simply needs to go through the VALIDATION process which is the final entirely bureaucratic hurdle before it is allowed to be sold & released for universal use.
And all that is now needed to cheer everyone up - the politicians, the media, the business community and above all the general public, is the explanation that this VALIDATION process is purely to take a product that demonstrably works/ functions and absolutely prove beyond any doubt that when used in real life situations it will function exactly as expected every time without hiccups, design flaws, manufacturing quality etc. And that you can only do this by trying out the new LFT device on real life situations just to gather statistical evidence from a large number of times the device has been successfully (or unsuccessfully) used.
VALIDATION simply means using the new medical device (LFT) in a sufficiently large number of people and documenting that the test works reliably exactly as stated & within the various parameters claimed & carefully & precisely documenting that to build a body of irrefutable evidence that the product has now been widely used and is doing exactly what it should do in a completely reliable way.
THEN it is given official validation and allowed to flood the market freely to be used all over the World and allow economies to restart etc.
While it might be wise & appropriate for Awacta to keep very quiet about their stunning achievements so far, that does not prevent other people like the Government or the media to chatter about how bureaucracy makes it take forever (usually many years) to get approval for drugs or medical devices & perhaps sometimes a bit of common sense should be used to bypasses the mindless & plodding nature of bureaucracy when common sense sways it would be reasonably safe and appropriate.
As this saliva test can do no harm at all except theoretically giving incorrect results, common sense might suggest that while the BUREAUCRATIC VALIDATION process can happily blunder on, it can certainly be openly discussed and used really.
Take the approximate (just to simplify the maths) figure of total Global population as being seven billion people (7000 million ) . Then assume every person - all seven billion of them - uses just one AVACTA test each.
If AVACTA only make just one British pound sterling profit from each test and just rounding down AVACTA’s total shares in issue from 250.65 million to 250 million for the sake of simple maths again, that means each AVACTA share would earn £28 profit, meaning the whole 250 million AVACTA shares would earn the whole company 7000 million pounds profit - seven billion pounds !
So, every time the entire World population is tested another seven billion pounds is earned. Ideally that would be weekly testing or 52 times seven billion.
Which is 364 BILLION pounds profit per year for AVACTA.
This is just a simple illustration merely illustrating the gigantic opportunity AVACTA now has - even if only a tenth of the World population is tested. But it would be nice to think the World could, just for once, be civilised enough to make sure that every human being has access to Covid 19 testing and adequate medical care.
I've got just shy of quarter of a million shares here right now, having started buying in October at 1.98p through to 5.61 in Feb & therefore many bags in hand so far.
And if I could think of a hook to hang a story on - i.e. think of some story a publication would want to run, I'd be there like a shot. Certainly if EUA were paying me for doing their public relations, I'm sure I'd find plenty to write about.
I work for anyone who will pay me. Like most hacks have worked all, over the place; magazines, newspapers, ex sub-editor, ex magazine editor and, curiously, loads of business journalism which only goes to show just how dimwitted increasing use of silly acronyms produces so much incomprehensible, unreadable drivel - even in daily newspapers like The Times.
Many thanks; so simple to understand. I had just this moment played detective by going to the COS acquisition RNS & discovered what it meant for myself . How ludicrous to have to resort to such time consuming nonsense because of people's inability to communicate intelligently !!!
What does FSP mean ? I can't even find a definition on Google.
Very curiously, I'm unusually literate, exceptionally well educated & 50 odd years a journalist, despite which many, many acronyms are indecipherable. I think their usage is invariably pig ignorant.
Saintsmith - What an extra-ordinary post you make. You don't seem to have noticed that I am simply asking a genuine question. You exhibit the most poisonous type of psychology of wanting to control the minutiae of what other people think, do or say, the sort of nitwit who is so mentally challenged all they are likely to ever do for a living is to be a petty bureaucrat & general nose-picker.
Straighttalker & VanV you are both more obsessed with spouting argumentative nonsense rather than actually genuinely trying to explain exactly why both types of tests might be equally valid and both have their equally valid but separate places - which I'm assuming they do, It's just I can't understand why as amidst all the thousands of words of incompetent woffle I've read, nobody has had the nouse or ability to explain why there might be a separate place for each of these different ways of testing for the same thing.
And I only mention Seadoc as at least he knows a bit about medicine, even though he says he is a shorter. I'm definitely NOT a shorter though but have just sold my holding in NYCT so as to buy Avacta instead which looks as though it's a better bet. But I might be wrong. That is exactly why I'm asking for clarification which might encourage me back into NYCT when I can find some more dosh.
What is the point/advantage of using the slower, clumsier Novacyt PCR test. Surely everyone would want to only use the Avacta Lateral Flow test which is instant and can be used by any person at the point of contact ?
Despite reading for hours about nyct PCR & avacta lateral flow testing for Covid 19 antigens, there is a total inability of anyone to explain why there would be a market for both things which appear to do exactly the same but avacta being simpler & quicker and the Novacyt PCR test being clumsily slow & needing a laboratory. Both are antigen testers. So, my questation is, now that Avacta have a speedy, accurate & cheaper & easier to use test, why would anyone prefer to use the Novacyt test at all if they could use the Avacta one instead.
Can someone please explain ? Seadoc ? Anyone ?
LC81
I can't bear the stupidity of predictive text !!, so here is my corrected post.
I am a journalist & ex public relations consultant & therefore versed in ways to obtain publicity. How can I contact you or you contact me ? I would be willing to help organise publicity because I'm a shareholder & also interested in finding out how much scamming goes on in AIM companies., or not ?
I am a journalist & ex public relations consultant & therefore versed in ways to obtain publicity. How can I can you or you contact me ? I would be willing to help because I'm a shareholder & also interested in finding out how much scamming goes on in AIM companies., or not ?
Here is a link to a news item giving an overview of why common sense might suggest it is a good idea to wait a bit before doing business in Zimbabwe because it is clear there is about to be another coup or just a plain old fashioned civil war because the entire country is rapidly spinning completely out of control.
The current Zimbabwe Government cannot survive much longer as every aspect of life in Zim is falling apart because of Government incompetence, greed, corruption & general incompetence on an epic scale.
Have a read & see why !
https://www.aljazeera.com/ajimpact/years-coup-zimbabweans-long-economic-change-191114143045516.html
It is worth downloading the PDF from the OECD website which you can do by scrolling right to the bottom where the download PDF is on the very bottom right corner of the page. The link is https://complaints.oecdwatch.org/cases/Case_555
If you read the details you can see it is clearly an entirely malicious complaint founded almost entirely on fiction from a deranged imagination. Someone ought to take action against these toxic liars for being completely malicious. Perhaps Ascent could instigate a court action and claim a very large amount of damages against them as this complaint is complete fiction.
It looks like criminal Libel to me.
I see no one seems to know where the conference call is available on the AST website & the link in the RNS just takes you to the AST home page.. And I just phoned the Flagstaff investor communications people working for Ascent & there was no-one at their desks to speak to me & so I phoned Nomad WH Ireland & got the same brush off there too.
What a bunch of incompetent cowboys !