Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
In the news!
https://www.cityam.com/investors-in-london-listed-medical-tech-firm-continue-battle-to-oust-top-brass/
Agree that the portfolio is beginning to look a little more interesting with many off their lows. I reckon there are probably 5 shares that need to be got rid off which may also help with the overall value perception.
After some trades, I think current holding is 595,902 @ 58p (unless some sold since last qtr)
Did you pick up on the recent RNS announcing a name change to Finseta (FIN)
https://www.lse.co.uk/rns/CSFS/proposed-change-of-name-to-finseta-plc-il46nlbddq5vrwv.html
& therein lies the problem. As mentioned previously, there are no consequences for their actions. The Directors are not answerable to anyone but themselves. They will continue to extract £5k cash each, each and every month for the foreseeable future (years?) by whatever means available.
@BouncersDream, I would agree with your sentiment that "AIM / small cap market being a bad place to hold long term". However that is the Vela Business Model and they have stated they will continue with that strategy. So even if CDT pumps a little and there is a cash out, then what next? What would be the point of just re-investing back into AIM/Aquis?
Anticipation and expectation that the combined net value of the investee companies will substantially increase. If the market thought CDT SP would rise to $5 in the near term, thereby enabling Vela to at least partially cash out, the SP would rise with no RNS.
What are your thoughts on this?
Agreed, there is no requirement or incentive for the Directors to change their course of action. Monthly fees will continue to be paid out regardless of SP or performance as long as there are portfolio shares to sell off to fund it. Come on Mr Cooke, please intervene!
Updated corporate presentation available on Conduit website. Page 24 outlines estimated development timeline and shows that revenues may be realised at earliest from Q4 25. Could be a long wait for the CDT SP to move.
Here is an idea for Vela to conserve cash in the near term. Oscillate, an Igraine investee company has recently announced that “the salaries paid to all Company directors will be paid in Ordinary Shares of the Company in lieu of cash.”
What you think, Board?