Member Info for Okehurst1

Kindly Posted by Tom the Bomb
Worth noting GitHub is been a good source of information - where developers work in collaboration on their code / project

https://twitter.com/tom_the_bomb__/status/1428980300802105348?s=10

Omega are in such good position

https://www.usatoday.com/story/news/health/2021/08/20/americans-once-again-getting-checked-covid-pace-more-than-1-million-tests-each-day-according-to-john/8152197002/

Benton, thanks for sharing

That data is very worrying

Forgot to add

EU or USA approval and the share price moves North

Either could land anytime

TW, fair assessment of the situation

Of course if we hear over next few weeks - could be any day with option 2, within a couple of weeks option A - then the share price will react positively

Hence it’s tricky to sell up and wait at 40p, it could go lower but it looks like a decent support level

If your in you may as well hold - however cheesed off we are with lack of news - at these levels

If anyone is waiting to purchase then they pay the higher price? If it’s either option then it’s a good chance it will open 75p to 85p and you miss the bounce

Good point raised over Toyota TW- forgot about that

Another example of the investment DHSC have made into Omega’s manufacturing capacity

* non for profit

Now that Bill Gates is in full control of GAD and its manufacturing capacity it’s looking more likely that the Mologic & Omega partnership will develop further, Mologic focusing on the Biotech and Omega the engineering aspect

https://mologic.co.uk/our-capabilities/

It’s also interesting that Mologic alongside their sister business GAD where bought out by Soros/ Gates and is not a non for profit organisation

https://mologic.co.uk/mologic-to-become-a-social-enterprise-after-acquisition-by-social-impact-funders-and-investors/

Shortly after this acquisition the DHSC sent further kit to Omega bringing the total to £17M

We know GAD were awarded a circa £900M contract off the Government but as with Omega this has not commenced

Now that Mologic / GAD are now fully non for profit and their new owners have a firm vision on their goal to offer their services to the 3rd world , I suggest Omega have a good opportunity to land some of the £900M above once the Government/ DHSC conclude their choice of biotech.

Morning Regulator

Forgot to say, thanks for your insight yesterday into Government Contracts - in dispute
V helpful

TWatcher, good debate.

The Northern Island Home trial is a good example, it’s a needs must for Omega to go through the process to assist their ‘ desk top ‘ application, paying £100 per person to join the trial shows that Omega want to get this completed quickly.

I agree with you, it’s likely Omega will secure a Government contract.

‘ For a default termination, ODX could be liable for additional costs arising from the procurement of a new provider (13.4.1). For a no fault, DHSC would be required to pay for costs to date (using an open book approach) plus any reasonable termination costs’

So assume as an example ‘ no fault ‘ termination by DHSC there is a case for a claim by Omega, it’s not de minimis, it would be accumulation of staff , establishment costs for many months, potentially a relative substantial sum of money.

Point being ... we know the DHSC have loaned £17M of kit to Omega, some just a few weeks ago?
Would they have continued to invest if they were planning to terminate?

You take your own view on that one , sell if you think it’s the case ? Hold if you think it’s highly unlikely the contract is going to be terminated based on information known.

Regulator

Would they still have to pay out the £50M minimum ?

Hi TW,

It will once the £374M contract commences next month, it’s coming.

DHSC taking control from Porton down at the end of this month - updated news this week
DHSC supplied Omega with almost £17M of machinery - news this week
Omega undertaking a Home DIY Clinical Trial in Northern Ireland - news this week

Speculation that Mologic have resubmitted an updated version of their biotech within their buffer / reagent

Starting to line up.

https://www.gov.uk/government/publications/assessment-and-procurement-of-coronavirus-covid-19-tests/covid-19-test-approval-step-2-process-for-desktop-review

Correction - apologise
Another Omega

The NCYT update this morning highlighted the opportunity for PCR tests, I had forgotten that Omega carry out this service as well
Assume they have got 30 lab staff at littelport we can guess they must be generating revenue from PCR contracts?

https://www.medicaldevice-network.com/news/omega-laboratories-covid-19-pcr-testing-services/

Thanks Greg
Am guessing this is where they carry out PCR lab work
as well ?

Thanks for sharing Gregg

What do they produce at this site ?
How big is the Cambridge site they are moving to?
Any thoughts ?

Thinkin , understand your frustration.

We all know now that the Government changed tact for whatever reason and to compensate Omega are manufacturing cassettes but we don’t know what the volumes / gross margins are ?

Things are coming together, data on the Mologic antigen test from numerous independent trials is relativity good and we now know a Northern Ireland Home DIY trial is under way coupled with the DHSC taking over test validation in a couple of weeks.

We have almost £17M of kit off the Government and potentially the opportunity to pick up some of the GAD £980M contract - on top of our £374M - if Bill Gates decides to focus on the 3rd world market

Put aside EU/USA market

Chill out it won’t be long