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As posted earlier today "I think to be fair we will not see the full re-rate in VELA's price until we have a RNS saying we have sold a good chunk of our CDT share"

It's a waiting game but as you have pointed out figures are as below

Mcap - £4.2m

Investment value - C.£8.5m

The gap betweenn Mcap and Investment value keeps getting bigger so eventually so will the re-rate once everything is confimed via RNS

GLA

@THGamble to be honest the market is not really interested in most of VELA's holding all we need to know at the moment is how much our 1,015,760 shares in CDT are worth. I admit is would be nice for the website to be updated regularly and you would imagine that this could be done varly easily but it will not effect the share price one iota. Glad you are on board at looking past the small detail and thinking bigger!

GLA

I agree Volvie, as I have said before I think many people here need to start thinking bigger!

I think to be fair we will not see the full re-rate in VELA's price until we have a RNS saying we have sold a good chunk of our CDT shares. Now with the CDT shares increasing on a daily basis, and those increases been worth a substantial amount on money to VELA I don't think our BOD is in any rush to sell, which has to be the correct decision. I know everyone is keen for the RNS to drop saying we now have X million of dollars from the sale, so the share price shoots up say 50 - 100% and people can sell and take profits but at the moment why would the BOD sell ? Personally they are not invested and so will not make any money from a short term gain so I think they are definetly taking a longer term view which I think will return maximum shareholder value. I know this will not come as good news to many who want to be in and out of the share with profit in 24 hours. I have no problem if the BOD starts to de risk by selling say 100K shares with every US$1 rise in the CDT share price until perhaps we have sold around half our investment or 500k shares but would like the rest to stay in CDT a bit longer term maybe selling down again if we see any substantial gains, whh know $10, $15, $20 who knows what is possible?

GLA

Well looks like selling 150,000 shares in ENSI at 68.00 was a good decision.

Looks like good fortune is on our side for once : )

I also tried to buy via Halifax with no luck, strange as I filled out all the necessary paperwork to trade US stocks a couple of years ago and have bought and sold TLSA without any issue?

No real surprises in the update for me which again is a positive. I think we all new VELA would have sold a few ENSI shares for cash flow whilst the CDT investment comes to fruiton. It probably may also help to explain why ENSI has dropped recently despite good news as VELA has been forced to sell. Hoping in some ways the VELA share prices has a nice staedy climb to stop any claims of a P&D. It is obvious based on the financials that the VELA share price is undervalued and shareholders just need some patience whilst we re-rate.

GLA

Interesting to see nicholas slater @ patviera tipping CSFS very rare he calls it wrong!

Looks like CDT trying to push higher

Looking like a lower volume day for CDT but price holding up well considering recent gains and good consolidation.

Hopefully will give confidence to VELA investors that our CDT investment has stabalised after a volitile start post merger.

Just looking and the CDT share price is up over 400% over the last month whilst VELA is up 26%

Got some catching up to do here

GLA

I'm just looking at google finance 5 year chart

https://www.google.com/finance/quote/CDT:NASDAQ?authuser=0&window=5Y

Cup and Handle

I'm no chartist and don't know about VELA but look at the CDT chart and even I can see a cup and handle

Good to hear from a few new sizeable holders, I think this is starting to play out the way we want.

CDT is doing it's bit back over $6 at $6.09 as I type so that's another day incrase of 1,015,760 x $0.94 = $ 954,814 on the day for VELA or £ 763,851 on the day.

GLA

The problem here is every rise is sold into by traders but I am not sure how long this can continue as slowly but surely longer term investors are building positions here. It wouldn't surprise me if before long the shares are owned by only a coupke of hundered investors. We know Chris cooke has 7.5% so we only need another around 90 or so investors to take around 150M shares each and then that would stop the traders taking the share price down. I'm close to this figure now and will add durther soon. Volvie I think has 200M here now so just need a few more like minded investors and we could do very well here! Who's in?

GLA

Just waiting for people to say they have sold and made £20 on the rise 🤔

No chance I'm selling any down here. Let's hope CDT can close above $6 today. Wouldn't take much for it to go on a bit of a run towards $7 then things start to get even more interesting.

GLA

At some point the $5M will have to be reflected in our share price, just took a small 4M top uo to round my holdings upto 145M. This is only going one way and that's up!

No surprises from the AGM which is good news.

Onwards and Upwards

GLA

Up another 20% today

I think CDT is going to have a big volume day today lot's of early trading already, just hope the big volume impacts the share price in a positive way! currently up 6 cents at $5.21 at time of writing

Let's see what happens, first thing is to make the most of our biggest investment finally coming to a point where we can boulster our cash position. I agree the BOD then need to make the correct call as how to deploy the funds to add value for shareholders be that a share buy back, leaving some of the investment in CDT or looking for further investment opportunities. I understand the concerns about investing too much in the AIM market at the moment however with depressed prices their may also be some good opportunities but this is where we need to proceed with the upmost caution and ensure due dilligence. I still think the share price should be double where we are now and if CDT goes on a run to $10 the should be double again!

GLA