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400k @ 50p = £200k add 245,902 @ 61p * less 50k @ 14,2p = Current Holding 595,902 @ 58p effective breakeven price.
Thks @SmallPotatoes. @THG, forgot about those warrants, could come into play one day.
*[Half Year Report 31 Dec 21] - In April 2021, the Company completed the subscription for 245,902 new ordinary shares in Cornerstone for a cost of £150,000 as part of Cornerstone's admission to AIM.
From recent update - Vela has sold 300,000 shares in Kanabo generating gross proceeds of £4,000.
Could have sold at anytime from the highs in the 40s but chose not to. Then forced to sell at the extreme lows in the 1s due to the investment in Tribe left the Board with no cash.
Also from the update - we remain committed to the Company's stated investing strategy.
Expect more of the same in '24.
Stay Positive!
Trading Update
Factory completion of the first generation autonomous TTDS 700 GC drill rig, originally anticipated to occur in late Q4 2023, is now expected to occur in Q1 2024.
The Company had expected to deliver the completed rig during in Q1 2024 and now expects to ship the system to the customer in Q2 2024.
Due to the above timing, there is a potential impact that some of the anticipated FY24 revenue may now be recognised in early FY25.
https://www.lse.co.uk/rns/TRYB/trading-update-kwkz70nhpm9s3ib.html
Half Year Report
- the FDA submission is progressing and has now reached the substantive phase which it is currently undergoing and the Company is hoping for more positive news in the New Year.
- Following the registration of its IP title, the Company anticipates signing a distribution agreement in 2024.
- Financing: the Company remains in pre-revenue stage and is in detailed discussions with various parties and hopes to agree a substantial fundraise during January 2024.
https://www.aquis.eu/stock-exchange/announcements/4405888
The last six months have continued to be challenging for capital markets with political unrest continuing both at home and abroad, the continuing war in Ukraine and rising inflation and interest rates continue to be factors impacting the small-cap marketplace in the UK. We remain cautiously optimistic regarding the long-term future of the Company's overall investment portfolio and we remain committed to the Company's stated investing strategy.
Concerning!
I think MURF was $10 pre merger as that is the baseline for SPACS so not sure that has a lot of relevance now. Post merger into CDT is when the SP volatility began. Looking at the SH list, free float is quite low at the moment so that would be a positive as interest grows. Also a lot of warrants available at $11.50 so I see that as a near term target (or in excess of even)