We are not too slow. Original ambitions haven’t been met, but so what, they are trying to achieve 18-24 months of effort. They’re working exceptionally hard and it looks like results will be incredible. Let’s praise it rather than knock it.
I assume the implication of the other thread is the usual nonsense that we’ll be late to the party... absolute nonsense. Our tests will be needed now for mass screening and will continue to be needed in key areas for many months, possibly getting in to years. I recommended bookmarking this, please do:
Let’s stick to facts. Covid is still rampant. A couple of additional weeks to optimise and ensure the LFD is the absolute best in class & capable of mass screening across the globe is not of any concern whatsoever. Even if that chart was flat or falling, there is still a desperate need for our test to stop a resurgence. Don’t forget the possibility of a second wave. The vast majority of the global population haven’t had it yet and we don’t truly know about any form of immunity.
RE: Avacta Point of Care Announcement?02 Jul 2020 22:37
Yes, slide 12... It’s the most amazing bar chart I’ve ever seen. When I first saw this the only thing I could say, and I did, out loud and I’m not one for that kind of thing, was... wow. It’s incredible and I dearly hope the trials go well and it becomes a reality.
Cross ramp? I’m not a fan of that personally *cough*GDR*cough*, I prefer each board to stay focused *cough*great global product, low market cap*cough*. I think it’s best if we do our own research independently. *cough*awaiting approvals and sales*cough*
I must get that cough checked out with an Awacta test...
Please don’t say ‘a few weeks’, he definitely said a couple of weeks, so we’re getting closer! Your comment was fair, we’ve clearly had the share price messed about a bit, but we all know what’s coming so it’s just a case of holding and adding if you can. Sir Al thinks this is a fair price not taking in to account Covid, so there’s very little downside risk.
Yeah, the funniest bit is that nothing has changed, it’s still a nice simple patient waiting game, Sir Al is the mightiest of all wampers. A nice simple straightforward interview from the CEO reminding us all of why we’re here and what’s to come, it’s HUGE.
I hope the manufacturer announcements, due very shortly btw, give an indication of their available capacity. Until then I must keep being miserable and post reminders that Sir Al was commenting on demand. We will soon find out about supply. Dewamping over.
If those numbers are as high as that, well, now won’t that be something? At that point, I’m going to start penning my resignation letter. Back to wamping.
Timster, don’t mention the timeline, we’re sweeping it under the carpet. It’s a bit embarrassing. RK, yes! Inflection point, get in! Chengdo, Chengdo?! Next thing ST will be back, this is like getting the band back together in the Blues Brothers
Great interview, asked some good questions, obviously ones Alistair was aware of and willing to answer. His view is we’re currently at fair value ignoring covid. Good to see realistic comments on the share price and also regarding an exit strategy. He’s expecting a bid to arrive after the cancer trials. Meanwhile, he’s expecting to earn an absolute SHED LOAD of cash due to the LFD. What’s not to like? Bookmark it... it’s worth a watch again and again...
Safy, we know it’s not fake. To switch analogies to DBs, we’re not selling cars. It was a terrible analogy by him as the vast majority of people test drive cars. Also a lot of people already have cars.... anyway...
To speak in plain English. We have a test. We’re trying to sell it. We need approvals to sell it in some places. We currently have no idea what’s going on other than an update is due. Magsy laid out a logical argument, if we’d had a large order we’d have known. DB actually said he’d RNS significant sales. We haven’t had an RNS... ergo... Don’t expect the sales update to blow your socks off. Yet.
These things take time, I don’t care how dry your fictional desert is, our potential customers won’t necessarily lap up our water if they already have some. Oops, back in the analogy. Patience is required.
Bear in mind the constraint is that the tests need a machine to run on, it’s not as simple as just saying the word needs tests. India certainly know that, they’re desperate, but part of that desperation is a lack of PCR capacity. Our more efficient test gives us a very good shout, but it doesn’t mean they’ll be hoovered straight up. So in that sense I disagree with your analogy.
The above summarises in to a negative view, but it’s not. I prefer realistic. We have a good product that will soon receive the approvals we need to be sold the world over. Sales will come, be patient and give it some time.