Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Right chaps got my top up at 12.80p let's see her flyyyyyy
Watch out folks this is hitting 14p max tomorrow followed by a huge dump! Anyone with sense knows there will be no parnership until n4p can prove nucec works. The last trial they failed. How can this be worth £20million on a failed concept stage trial. You are all mad. It this hits 14p tomorrow there will be a huge dump back to 6 to 7p as all investors know the in vivo trial will take 6 to 12 months minimum with the tiny budget n4p have to conduct it. No news until April IMO.
Don't say I didnt warn you when you are waiting until April for results still and the SP is back to 6p.
I am in ODX - have done very well.
Bought in at 88p and still holding
On the basis that potential partners will not invest in a product that has not been proven to work.....
Investing in N4P is gambling and if they failed at concept stage where most trials are successful, my money is on them failing during the in vivo study which will take around 6 months to complete.... By that time the money from the last fundraise will be long gone.
What notifying shareholders that the product can be freeze dried... But still no evidence it even works?
What use is a freeze dried product that doesn't even give an immune response?
Check the important RNS which led to the SP dropping to 5/6p. They have still not proved it works but just cracking on using the last fund raise which will soon run out....
All the RNS confirmed yesterday was that they can freeze dry the product without it affecting the DNA - Thats not new technology you can do that with most things.
Can you imagine a real pharmaceutical notifying shareholders that the product they are developing did not work in the concept stage but we are just going to use up all the money from our last fund raise to progress with in vivo studies anyway. Oh and we also would like to notify you that the concept trial probably had an error as the positive control did not work either? Imagine shareholders reaction! This i why it plummeted to 6p when the RNS was released.
I can tell you whats going to happen now... They will do another fund raise base on yesterdays 'positive' RNS to develop Nuvec further.
Wow so theyve messed up the trial and just cracking on with in vivo trials wasting around £2million. Without even knowing if it work??
Sounds like a great company.
https://www.lse.co.uk/rns/N4P/covid-19-proof-of-concept-update-lz85j6ysshus3vt.html
The testing they carried out on Nuvec didnt even work!!! yet they are still ploughing in millions of shareholders money into vivo trials???
£20million market cap and the product has been proven it doesnt work. DYOR before investing!!!
Colin has confirmed we can sell the ukrtc test elsewhere. He said Abington and ciga have made good progress making sales outside of the UK government. This was probably what he was referring to. Great find and more great news today!
Been doing some research here and picked up on the following
1. Rms have only tested the antiviral layer and its virus killing properties.
2. They are yet to produce a prototype mask. Only the antiviral layer has been produced.
3. The mask as a whole has still not been certified as per the sales brochure on their website.
4. Making a prototype and obtaining certification will take at least 3 months looking at previous examples.
That is why I am choosing not to invest as there is potential for a lot to go wrong here. Huge market cap without a prototype. Their market cap has already 30 bagged since it was £1 million earlier in the year.
Huge risk
The NCYT sell off starts - happy for them to come over here with their profits with all our good news lined up.
Just remember no publicity is bad publicity! It's clear that the test is going to be a huge success. To say its been rushed through is ridiculous. Let's hope at home use approval gets dropped I'm an RNS next week.
Wow thats made my weekend. I did have some small doubts about the UK governement orders but this has confirmed ODX WILL be at their maximum manufacturing capacity for the foreseeable. Surely they are going to have to increase from 2.5million a week when the Mologic antigen gets finalised!!
This is the best possible outcome. An order of 10million for parts alone equates to a huge order of devices. Wow.
Pretty much confirming another £30 to £60mill order is coming from the government.....
Assume the consortium said hold on we cant afford to produce that many tests the materials alone will cost £10mill - there you go......
So is it confirmed that this is the price for 1million tests?
Great if it is!
Looking forward to the afternoon RNS now.
Omega Diagnostics can confirm they have recieved the second order from the Uk government for £10mill.
Hopefully each order will be 3x larger and next week it will be for £30 million
I must admit I do think they need to charge more than £3 a test. Private companies are selling these for around the £100 mark. Lets hope the negotiations are taking place on an increase in cost.....
I was only kidding BTW just miss some of Punit's posts back when we were at 50p asking why the drop every morning.
Wow! I assume that 10Mill order is for parts only so that Abingdon can acquire them and distribute to the consortium! If thats the order for parts alone then the order for the actual tests will be a hell of a lot more than that surely!! Any shed some light?