Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Agreed that the communication is falling short of expectations.
I will however be seeing this through to the conclusion of the Arcadia investment then take another view. I can handle being invested, it never taking off and me losing some cash. I cannot however handle being in Vela over a year walking away now to see some mammoth commercial deal come through and an SP of .30-.50+
The direction of the SGS trial has to show at som
I must admit it looks more and more like VELA doesn't hold much of JNs interest. We haven't heard from him for over 3 months. Last RNS he commented on was the Northcoders Investment. Radio silence from him since and personally think he should have commented on something in that time especially regarding the SGSC trial.
Accounts due by this Thursday so hopefully that will include some progress updates. Agree on the cash in bank, funds raised in Feb then sat on for months til the CODE investment. With recent warrant monies,cash should now be around £2.4m so I wonder what the plans are. If a commercial deal eventuates and it results in a big pay day then we could well see some exciting things come to fruition.
Agreed....... I ve been here for ages just sitting on sidelines and staying for hopefully commercial number.... But get the feeling JN ain't interested in Vela and its his play thing......as you say a tweet wouldn't go a miss.
So far JN has not shown us that he is the trading god that most make him out to be. I hope this comes good as I have a fair chunk invested but its not looking great. As mentioned on here before Vela need some form of social media presence and need to move with the times. We actually went 3 months without news and in that time had 2 million in the bank. It would be nice to hear something from Vela. A tweet saying that they know the SP is dissapointing but there is alot going on behind the scenes would do. It may go someway to passifying us PIs.
Surely JN would have considered this when he invested the largest investment he has made for Vela?......... If he ain't then it's school boy error, he should have ensured Vela got paid end of phase 2 regardless.
Actually the RNS used an And/Or statement.
Which means that commercialisation is an option but may not proceed if the "Or" bit of the statement applies.
On the same basis it does mean that further clinical trials will proceed but were not defined as Phase II or Phase III, could be either as I see it.
SGSC will immediately start to undertake commercial discussions with potential licensees and/or fundraise for further clinical trials to investigate SGS002 ("the Asset") in a larger study.
As much as I hope I'm wrong this I'm my book means phase 3..........
Im sticking around but ****ed off :-s
Where does it say Phase 3 Trial… read the RNS’s on successful completion of The Trial that has just completed… we will be going to commercialisation!!! Further trials will take place for additional treatments using AZD1656!
Says who?
There is NO Phase 3!!!
I will sell up on SGS trial news. If there is a commercial deal then we should be higher than today's SP. If no deal till after phase 3 then we will be back down to much lower. Would sell out then as phase 3 coukd be upto a year. All in my opinion.
Why not just sell up and move onto something else then
Aaah....patience is a virtue.
Just sold some Tomco for a nice profit after being underwater for a year...
Patience before the spelling police jump onboard
My patients is wearing thin. We where led to believe we might here something in June. We had silence on all fronts for 3 months. SGS results that where reported earlier in the month where minimal and the share price is getting hammered. Vela seem to like keeping money in the bank. Very strange for a investment company.
Patents? Patios? Patients? Take your pick...
WTF are pationts?
they will take 27 mill of me no problem,
its all about pationts.
gla
Caddy with a successful trail and commercialisation expected soon. What is the gamble ? To me the worst that can happen is that commercialisation is delayed. Only a problem if you short term profit seeker. But don’t expect commercials to be delayed due to the numbers of drugs required. ? Happy to here your views
when I suggested this company was not doing very well just over a week ago I was hung drawn and quartered. Well I can't see much improvement so far. Everything seems to be a big gamble with a lot of hope.
Echo the thoughts of the majority here. Really is rubbish, poor communication, so far underperforming investments. That's about it.
Im here for the long term but this share price is absolute bullsh*t
No one knows when the news will drop. but i expect a staged commercialisation and next trial details .
Some chunky ish sells through this morning but SP holding that .075 for now.
Seems to be a growing consensus this will be longer to get a run of positive info.