I think a few here are too quick to judge... Not sure how the market will take this, regardless I would be more inclined to find the bounce if the SP does drop, and then load up, why?... this is not an announcement saying TGA have not approved our reader, complete opposite IMO, they just want some evidence it can pick up Covid in general, all strains... ADO if they weren't confident would have simply replied to the TGA saying "no we can't", but that's not the case, ADO is happy to comply and will put together the necessary data for the TGA approval... this is a delay, but its also somewhat encouraging, its not a shut down of our reader, its simply a request for more data regarding variant of the virus...
IT would be nice if ADO had implied in the announcement that they are confident they will meet TGA's requests moving forward and when this could be expected, delays happen for such approvals, have seen this over and over... This is not a "No" from TGA, this is more a "Yes if you can provide more info"
will be a interesting moment today for the SP... lets see how the games go today.. best wishes to holders...
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