Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
The man is at best duplicitous. This is a national disgrace.
Agree. A national disgrace.
On a brighter note I have been re-reviewing odx financials just as a double check following some inaccurate/untruthful posts about their cash flow. Obviously the request to repay the pre payment monies is far from ideal BUT Omega (especially given the ‘right sizing’ they said they would do) should very much be ok for a number of months - likely longer depending on bank facilities - even without incremental covid related orders. Some of the talk of heavily attritional cash burn is misguided in my view - Omega’s core business is growing but even if we take it as being static we should remember that they ‘only’ lost £1.7m in 2020 (i.e. less than £150k pcm). Whilst any redundancies will be very sad for those involved, the redundancy payments will be negligible due to the very short (and certainly less than the 2 year threshold) time new employees will have worked there. Difficult times for us lth’s right now but I genuinely do not think we are looking at a company on the verge of collapse as some might want us to believe. Try to enjoy the weekend.
Excellent post Brighty. This really is a huge scandal. Surprised the press haven’t gone after it yet - in a big way.
The horrible sick feeling of the last few days hasn’t subsided, I have to say.
Huge paper losses for me and I know that I am by no means alone.
The Government contract news has understandably had an impact on an already subdued SP, that much is patently obvious.
Sentiment has really turned against the company leading to some selling (some of which now looks like panic selling).
The business is now hugely undervalued and odx is clearly undersold. Finncap value Omega at >40p even with Covid completely discounted - and let’s be clear Covid is not over and Odx are awaiting approvals.
Always difficult to gauge who is genuine on an anonymous BB but I do get the feeling that more posters than normal are trying to talk the SP down further (some quite subtly), presumably so that they can buy back cheaper - a shortcut to recapping losses I assume that they too have incurred.
This looks like massive news. I didn’t expect it to come quite this way (i.e. it looks like the CE marking for professional use ((which we have)) will allow us to sell to the UK travel market. Like I say, I didn’t see it coming quite this way. Next week is going to be very interesting - for starters!
Well said @tricky
Like others have said Regulator, assuming it is confirmed, I hope it is a mild case. Get well soon.
It has been something of a rocky ride but I am really happy with this evening’s presentation. Positive times ahead. I am and will remain fully invested.
But I do believe that the government WILL be ordering from Omega. It would be too politically damaging to have us supplying USA/EU with market leading tests whilst the UK continues with another 2nd rate Chinese LFT…
I honestly think that this is a bigger scandal than the PPE debacle. Unbelievable.
I have registered too.
Thank you @Eazy
Nice tweet
Tweet no longer available. Can I ask what the gist of it was please?
Satallite, I agree. Highly likely to be the surescreen product.
I believe it relates to the Innova tests
Yes they have amended it
A reminder that the 40,000 person 1 week trial starts tomorrow. People who have been in contact with a positive case can take a lateral flow test and (provided it is negative) will no longer need to self isolate for 10 days. Provided the trial is successful, I am pretty certain that this policy will also be rolled out to travellers returning from ‘amber’ rated countries such as Greece, Spain and France (also preventing people from having to ((unrealistically)) isolate for 10 days)
BBC trial article:
https://www.google.com/amp/s/www.bbc.com/news/uk-56958885.amp
Current amber list:
https://www.gov.uk/guidance/red-amber-and-green-list-rules-for-entering-england#amber-list
Second generation, British (Scottish and English; ‘look how great the Union is’) government backed, gold standard, highly accurate, easy to use, with fast results. I believe that this is the message the government will go with when they announce their world leading programme.
Another small top up from me just now. Looking forward to watching this all unfold.
Well said Merchant Banker. In complete agreement.
I am sorry that you have suffered this abuse Big Jock. Thank you very much for all your efforts.