Member Info for BigDave13

For the non believers, here is link
http://sgscapital.org/#news

As I post, there is no news pop up. So to view text:-
Go to website link
Right click and select View Page Source from menu
Ctr + F - to bring up Search box
Type 120 and return - this will take you to the text

Nice

15-Mar-21 16:45:14 207.25 200,000 Buy* 188.00 202.00 414.50k O
15-Mar-21 16:44:00 205.70 250,000 Buy* 188.00 202.00 514.25k O

Agreed. ORCP seem to be managing the narrative now. Plus expecting some updates on northern Zone drill programme soon
.
https://mobile.twitter.com/OraclePowerPlc/status/1371400781769900033

ps, that last sentence is my comment, not part of the message!

The SGS website previously had a news update after the 1st safety review. This has now been removed but no pop up currently shows regarding the 2nd safety review as per twitter update last week. However by checking the source code of the website, I can see the following text,

h3>Covid-19 Trial Update - 16/03/2021

ARCADIA News

St George Street is delighted to announce it has now recruited over 120 patients to the Arcadia clinical trial across the UK, Czech Republic and Romania. The Arcadia trial is investigating a potential new therapy to treat people with diabetes hospitalised with COVID19.

Over 120 patients, less than 30 to go to hit 150. Maybe a few more weeks to complete patient enrollment, trial could complete by end of April & results in May. Watch this space.

Due to be admitted for trading on AIM today. Now 13,818,450,084 shares in Issues. Will we see any new TR1s to reflect new %s? SGS holding of 1.1bn shares is now 7.96%, down from 9.11%. There was chat a couple of weeks ago that the website AIM Rule 26 list was out of sync with incorrect %s shown. It was last updated in Oct. Someone emailed them requesting an update but no change so I have just emailed again for a revision.

There are now 13,818,450,084 ordinary shares in issue. 1p would represent a MC of £138m and at 0.5p, half that at £69m.

Even though Vela has Nil debt and £2,5m in cash available to deploy, I agree that even optimistic forward valuation may fall short of the 0.5p target this year based solely on current/future investments.

The big driver in my view are the covid trial results. If successful and generate £ms for Vela, then all bets are off.

Agreed, I like the suggestions offered up by Tra1. About £2.5m to invest, need one or maybe even two * 1 mill investments to really put a rocket into this in advance of trial results.

To clarify, I was referring to Shares in Issue consolidation rather than SP.

Placing passed so now 13.8bn shares in issue. I think another 3bn or so warrants still to churn.

Incoming consolidation?

The safety review was 26th Feb so patients would need to have been signed up by end of Jan to allow for actual trial period. Just speculating but I wonder if less than 80 patients were included this time around to keep the momentum going.

I don't see any connection there, but happy to be corrected otherwise.

AFF, looking at your recent posts, it seems you are trying to find the golden ticket to quick riches. Commendable that you want security for your family but there are many pitfalls investing in aim. Perhaps a more prudent strategy is to invest smaller amounts in multiple companies rather than going all in on one. Spread risk and diversify and keep some £££ in reserve. Don't listen to anyone on these BBs (especially me!). DYOR and good luck.

Poker
Refer details on Vela website with link to weshop website.
http://www.velatechplc.com/investments/weshop/

It was suggested that last day of recruiting for trials was last week. However the website referred to has now been updated today and status has changed from 1 day left to Recruiting. I don't think the 150 patient target has been hit yet.

https://www.centerwatch.com/clinical-trials/listings/253621/azd1656-in-diabetic-patients-hospitalised-with-suspected-or-confirmed-covid-19/?mp=msfocus&page=1&query=All%20Conditions&rnk=4

Meeting has just concluded. Last speaker who I believe was from Ministry of Energy indicated that policy and regulatory framework needs to be finalised by Sept 21 and should be included in 10th JCC. There is still going to be a lot of effort to bring this project to fruition but we should start to see constant newsflow going forwards as key stakeholder issues are addressed i.e. financials, technicial, infrastructure etc

There are so many stakeholders involved that it now becomes clear why this has dragged on for so long. It is very clear that NM/Oracle are the key drivers here to move project to the next stage.

https://mobile.twitter.com/iap243542/status/1369549518472163329

Oracle PR in overdrive today. I think this latest tweet is critical. ORCP will tell stakeholders how it is and then govt with deliberate and determine next steps/direction. Let's hope for a quick response and update

https://mobile.twitter.com/OraclePowerPlc/status/1369289116882407426

Followed by NM tweet. It really does seem to all be coming to together now. Roll on Weds
https://mobile.twitter.com/Naheed_Memon/status/1368921948722503681

ORCP tweet
https://mobile.twitter.com/OraclePowerPlc/status/1368909364438863875