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Elon
I am surprised you haven't filtered punit
I would put a 3rd hand on my cup if i had it lol
100% but as we can see we are on the right part to bringing in that revenue soon, manufacturing to start soon, demand for product wouldn't be an issue as its govt backed. so immediate demand is to the UK govt
the profit is guaranteed, how much profit is what no one is sure of at the moment
The issue with private investors is despite the signals and fundamentals you still doubt every second on share price movement.
Hence people panic sell or take 2% profit.
If you had your cash in a savings account you wouldn't expect your interest paid the next day,
We all know where this is heading to come August , unless you are a day trader then i understand if you have invested here based on research then you should be relaxed here and yes i understand sell the news and buy the dip but then thats another risk on its own but its up to you
@Wolves no it wouldnt have a massive impact but its a clearer indication of what path/direction the UK -RTC project is moving
ODX supply Nigeria with HIV test kits so I'm in no doubt Nigeria will get a deal with ODX on this as well
Its Gold Standard
Although the confidence interval was calculated based on a very small sample population but i am sure we can deduce and conclude that would replicate easily even if tested on a larger population
- Design Freeze Achieved
- Test meets the required performance characteristics and the production specifications of the assay have now been set
-The next stage will see the scale-up of processes in July in readiness for manufacture.
- Next Stage - Verification, validation, transfer the manufacturing protocols & Regulatory Approval
- Demonstrate the capability to meet demand
- To be completed by the end of August
- Initial Plan was 100k test per week but now doubling that to 200k (Based on Confidence and Demands)
- Omega has FLEXIBILITY in the utilisation of its overall manufacturing capacity so that more could be allocated to the UK-RTC if required. I.E UK-RTC isn't the only Food on the table here for Omega
- Test sensitivity of 100% (95% confidence interval 92.6% to 100%) and specificity of 98.4% (95% confidence interval 95.4% to 99.7%)
- If the population is assumed to have a 10% incidence of COVID19, the AbC-19 pilot batch test shows a 98.6% accuracy.
**Anyone with a background in Statistics will understand better and know achieving this level of Confidence Interval is bomb**
- Additional independent testing of positive and negative samples along with other analytical studies will allow CE marking. Work is continuing in parallel with the regulatory authorities to ensure approval of the test as quickly as possible.
- This is a major step forward in an extremely complex project that has been completed in a very short time period compared to a normal test development programme
This RNS Shows confidence and articulated plans. Hence i believe ODX will be strong/bullish in the very short near term. With those level of confidence interval, this is no doubt a gold standard test. The question of "IF" is clearly taken of and de-risked to a certain level (I wish i can say 100% risk erased).
In my opinion this will test £1 this week . There are clear indicators to support this price.
We have a time scale of end of August to expect 3-4 more news update
**Opinion NOT Advice**
Good Luck Holders .
not worth talking about ramirez please
this is the problem with private investors. we love short cuts, earn profit in a week then run !!!
I'm sure they clearly stated what the placing proceeds will be used for.
That alot has given an insight as to what direction the company is heading to.
Of what benefit is it to the company to go borrow funds from the bank (DEBT FINANCE) just to achieve it goal when it can sort for an EQUITY FINANCE to raise cash for what is needed ?
Again we MUST stop waiting companies to do things our way just for the short term gains.
This sort of attitude has ruined companies hence why we have every sort of unnecessary regulations in place now just to make sure decisions made by managements isn't just for a short term gain but sustainability.
@CW25 exactly
better to only post about what you know
PDMSPier i disagree with your claim that Cytiva are aiming for 90% .Why would they aim for 90% when they know PHE requirement is 98%.... ?
AVCT are into cancer research but you need to do alot of reading re: the affirmer and how it plays into covid
ODX and Just like other biotech in the UK Consortium knew nothing about covid few months back yet you believed them.
Perhaps you may want to read more about AVACTA as a company. Most of what they are working on today are they they had invested in since 2014.
We are all in ODX but i don;t think that justifies us deramping other companies especially when they aint even a competitor to ODX in any form or shape .
should have stated what the contract is worth!!!!!!!!!!!!!!!!!!!!!!
shares needed
After reading any company RNS, sit back, relax, read it again and analyse it to make the most sense of it.
It will help your heart beat better !!!!!!!!!!!!!!!
I posted the below earlier today and in another comment ,i confidently pointed out how this will go over 60p even without news next week
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Key Points for Me
- Has Raised £8m in heavily oversubscribed placing
- Just £3m more to be raised, should be raised within the Hour so expect an update on that as well very soon
- Glad raising was done now before the release of any news , DF, Sales or whatever,
- Existing & NEW institutional Investors and Wealth Managers ( A greater % of company holdings now is allocated to more of Medium - Long Term Holders i.e institutions and wealth managers rather than private investors who often trade stocks on a daily basis for every 2% increase )
- Colin King, CEO of the Company commented:
"This Fundraising marks another significant moment in the Company's development and we are pleased with level of support shown from our existing shareholders and new investors in the Placing.
-The net proceeds of the Fundraising, amounting to between £7.5 million and £10.5 million, depending on the take up of the Open Offer, will be used to exploit opportunities the Company currently has with COVID-19 testing, to scale up manufacturing, to undertake work to improve the margin of its VISITECT® CD4 products and to expand its lateral flow product portfolio with products which are complementary to its VISITECT® CD4 products.
- "We look forward to being able to update the market on the progress made on our COVID-19 testing opportunities along with the opportunities available to the core business with VISITECT® CD4 and Food Intolerance."
There must be an update next week !!!
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@cyrox you disagreed with me when i said its terribly written yet you said it would be nice if they stated how much sales they made ????
The RNS is TERRIBLY WRITTEN .. 100% ,
Terribly written
Poor management with no insight or commercial awareness
This will take 1-2 years to catch up
Only for long long long term holders
This should be back to 60+ within 2 weeks. people rather hold unto -ve and turn blind to any +ve.
it sure hurts to see price fall or see company placing shares but what do people expect from companies of small size if they plan on growing/expanding ?
They are on AIM for a reason and not on FTSE100 , they are better off doing placing to raise funds than go to the bank to borrow and increase their debt:equity ratio
Alot of people invest with nearly zero knowledge about how financing a company works, size of the company, opportunity, performance rations or any financial indicator.
I am glad majority of the placing was done to institutional investors and wealth managers and very little to private investors who only want to see price spiral up so they can get profit every minute
Not really, news like that are material and price sensitive
Investors have invested base on their belief the company will perform over time
They can't secretly tell them about DF and other price sensitive info without making that public
mistral - your logic wouldn't work for avct placing price and it current SP would it ?