BBN Profile picture
16 Apr, 8 tweets, 2 min read
1/8
Here in Germany, we have already reached the point that my local grocery shop is selling rapid antigen tests.

Their product of choice is Hotgen, produced by a company out of Beijing.

Claims SENS 95.3% and SPEC 99.13% with the anterior nasal method.

#AVCT #ABDX #ODX
2/
There is now an unbelievable number of different products on the market in Germany, with the most popular being fairly local names, Roche and Siemens.

Both of these tests are being employed in school and kindergartens. Both employ nasal swab.

Schools testing twice weekly.
3/
Kindergartens are giving parents two tests per week and encouraging their use.

The Roche test is essentially the SD Biosensor test the Siemens is Healgen. Both of which went through Porton Down but apparently weren't contracted.

Having spent so long studying the market,
4/
it is clear to me that many of these companies are stretching the truth on the accuracy of their tests.

However, what appears to be happening is that the general public simply doesn't care. They barely read the packaging and simply want to secure tests for immediate use.
5/
The local name/brand is certainly relevant and tends to lead their choice, along with the price.

The Hotgen test can be purchased as a single item at c. 6.50€ (£5.65) per test.

The German government truly has made it a free for all and as far as I can find,
6/
have instigated no further validation processes other than those provided by the companies in their instructions for use, but as I say the consumer isn't currently looking that far into it.

The UK is certainly going down a more controlled and arguably much better route.
7/
In time I still see quality rising to the top here, as the experience of these front running tests demonstrates failings and generates negative press.

However, we aren't there yet. Right now it's about massive demand and a completely free market,
8/
where all that seems to matter is a product on the shelf.

With businesses also having to offer their employees at least 1 LFT a week, it's clear that demand is massive.

1 country only and likely not alone in its thinking.

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More from @BigBiteNow

16 Apr
1/8
Interesting deal announced between Brisbane based @VeccoTom and Shanghai Electric for the supply of an electrolyte plant in Australia.

Yet another sign of momentum that is gathering in the VRFB inudusty.

#BMN #Vanadium

veccogroup.com.au/vecco-group-to…
2/
Shanghai Electric recently announced plans for a 100MW/400MWh VRFB project in Yancheng in east China's Jiangsu province.

One of several high profile projects and which alone should demand c. 1,600 mtV of vanadium,

argusmedia.com/en/news/219673…
3/
which is close to 1.5% of total world vanadium supply in 2020.

Just one project.

A subject I discussed in a recent blog (see here).

bbnbigbitenow.com/post/do-newly-…
Read 8 tweets
15 Apr
1/6
Very encouraging results from #SRB this morning.

Production now above 8,000 oz and more importantly, grades have increased from 5.27g/t (Q4) to 6.27 g/t.

"this first quarter was expected to deliver the lowest level of gold production for 2021."
2/
This represents a "16 per cent improvement on our internal budget represents an excellent result."

FY guidance held at between 33,000 and 36,000 oz.

Even if we take the "internal budget" to be the lowest end fig. 33,000 oz, a 16% improvement means that actual production...
3/
should be capable of coming in at c. 38,000 oz.

The uplift in grades demonstrates that the company was correct. That it's about optionality, which should now keep on improving given that,
Read 6 tweets
14 Apr
1/2
The latest Chinese vanadium market update and shows bullishness.

It's the middle of the month and so steel mill bidding is at best sporadic and market weakness should be expected.

However, key V205 prices simply aren't giving any ground and it's hard to...

#BMN Image
2/
find supplies from large factories.

Rather interestingly ammonium metavanadate prices are also creeping higher, whilst everyone else is deadlocked but reluctant to accept lower prices.

Larger factory prices such as Pangang will be interesting to see later in the month.
3/4
Latest vanadium price report and the wording on raw materials (V205).

"some (V205) manufacturers think the price will rise, so the offer is firm.

"V2O5 flake price is in cash 111,000 CNY/Ton."

#BMN Image
Read 4 tweets
11 Nov 20
1/13
What I liked most about the @BushveldMin_Ltd update today, was that it was focused on an isolated but important project for #BMN. Thus allowing it to breathe a tad more and not get lost in the lengthy and often detailed updates, that are the norm.

londonstockexchange.com/news-article/B…
2/13
I would like to see the company continue with this pattern moving forward.

As to the update, very solid but it will now be all about how long NERSA need to sign off on the license application. Being 1MW, its certainly falls within their powers to act quickly but what that..
3/13
...means exactly, will act as a template for future BMN projects at their facilities and indeed across S.A.

Great to see Enerox staking a claim in this particular area of the business too. They were always going to be the focus due to the increased ownership and control...
Read 13 tweets
10 Nov 20
1/5
UK retail investors continue to fixate on UK Gov contracts for #AVCT tests, as the cornerstone of their success.

A CE Mark means Europe wide sales for professional use, are at their disposal. That means all European businesses/governments.
2/5
Given these are a relatively new and cheaper form of testing, whose demand will fall short of their supply, then why do UK retail investors feel they must win UK contracts to sell.

Furthermore, given the highlighted demand and ease with which the European market can be...
3/5
...accessed, plus the fact that other tests keep coming to the fore and supposedly stealing potential AVCT contracts, the question continues to remain, why has AVCT, as late as 30t Sept, still only focused on the UK?
Read 5 tweets
9 Nov 20
1/3
At the current £265m MC, #AVCT needs to sell min. what? c. 25-30m (e.g) tests in the first year.

Will a vaccine prevent them from achieving that? No.

Will they likely sell far more than that? In my opinion, yes.

By 2022, AVCT/partners will highly likely be bringing new..
2/3
...non Covid tests to the market, to replace any potential lost revenue from Covid tests.

They will also have advanced their LG Chem, Moderna and Daewong partnerships, as well as having AVA6000 results, which in turn will advance other drugs in their PreCISION stable.
3/3
The more their Covid tests contribute to this, the more the other areas of the business can flourish.

Its all about time and patience, which I am happy to contribute.

Yes the drop's an opportunity for those that got out and want to get back in, but that's not my style.
Read 6 tweets

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