Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I'm not entirely sure how throwing more and more money at a share that's dropped by some 90% over the last couple of years could be considered a no brainer although I concede that it's definitely undervalued, in a literal sense. It's just there's no news flow, the only thing of interest for the last couple of years has been the SGSC/CDT business which produced nothing more than a brief p&d, a failed attempt to get involved in that £15mil scheme and a steady dwindling away of value in the rest of the portfolio/selling at low prices to keep the BoD getting paid
I can afford to hold and have been doing for years - I just wonder if I'll ever actually see a return of any sort.
I look forward to be being told to sell up and move on or stop talking the share down shortly (although with single digit trades most days and the odd big dump from a bored holder every now and then it seems to be doing a decent enough job of that on it's own)
Normal service resumed. Fingers crossed for CDT going on a run (and the board selling some if it does)
Yup since the BB police turned up and bored the life out of all conversation that isn't flag-waving or tub-thumping it's gone very dead in here, personally I can't be bothered to be told once again that we're dragging the sp down / being impatient / not taking responsibility for investing decisions. Congratulations guys, you have your wish - no offensive or negative posts, but also no posts at all that aren't cross-ramping or generic nonsense. With the share effectively mothballed pending anything happening with CDT there's nothing to discuss anyway I don't suppose
the mysterious mr cooke at it again huh? either he knows something we don't and sees some proper value at these levels or he's a madman with deep pockets. either way i wonder if the board ever squirm a little when they release these holdings rns's and remember that they don't own a single share between them?
just had a browse on the allenby capital website where our newly £50k better off advisors are based, interesting list of clients including some very familiar names https://www.allenbycapital.com/our-clients/ not that his means anything they're all just aim companies, i just thought i'd mention it now that we've been knocked back to friday's discussions due to joe's massive weekend ******. wonder what his next incarnation will be?
Hmmmmmmm
hands up who thought shortly after the CDT option was taken up and several million $ added to the company value we'd be hitting the all time low?
Ha! Boom Boom!
Plenty here have been waiting for 4 or 5 years, in some cases more, how much patience does it take? In that time we've only seen the sp dwindle away steadily whilst perversely the value of investments goes up. I wonder what could be the cause of that mismatch?
Maybe they're at work.
Well this is not what I was hoping to see. The only thing the market is going to back when it comes do Vela is seeing some £ banked from CDT. In fact I wish they'd just sell everything and start again.
We know there's no money available for new investments and it appears $7 isn't a high enough sp for them to want to part with any of the CDT shares so this is now effectively in limbo unless CDT goes nuts. Well done board, what fabulous shareholder value you're providing.
As for £15mil quid raises for a 'transformative' move in to the life sciences sector is that what JN suddenly is, an expert in that area? How can they even entertain that (and in the process rack up a £50k bill) when they're flogging anything they can to just keep them in tea and biscuits?
Miserable, boring vela.
Almost back at the 52 week low - impressive, even by Vela's standards. Wouldn't that be the all time low too, 0.013? This truly is one unloved share
I took a small position in HE1 today myself. Predictably, it tanked at the end of the day. Classic
I disagree. CDT is the key to LTH's getting out of here with their £ intact. I never thought I'd say it but postman's right, it's a waiting game now. I can't wait to not be invested here any more but I wrote the money off long ago so if CDT goes on a run or if the BOD miraculously did something right for once and flogged a decent amount at $5+ then it'll finally give some a chance to sell up. The rest of the portfolio is just bits and bats of garbage that won't make any difference to sentiment or the sp. It's cash in the bank that people want to see, good old-fashioned return on investment
I know you're in ENSI Joe but you're getting obsessed! A bit like when MODE was all over the place. These aren't massive holdings for Vela, yes it all helps but one part of the portfolio getting back towards parity with the buy-in price isn't going to shift Vela's fortunes, we've seen that many times when there's been a run on something it has no effect here at all. Only an RNS declaring they've sold X amount of CDT and have a few million $ in the bank will change anything here, and that's got to happen some day - which is why I'm not going to sell at a loss now I'd rather wait for that day and then I'm out.
Still a small investment compared to the CDT value though. And they've been chipping away at the ENSI holding, selling at low prices to keep the lights on after blowing all the money on rubbish like TSP and Tribe (although at least TRYB looks like it's run by grown ups and will hopefully recover, unlike TSP which will almost certainly prove to be a waste of £300k). It looks like it all rests on the CDT performance now
More stunningly insightful analysis from the postman, nice one.
Wonder when the next update will land? Sadly the last one being mid Dec means it might not be until next month. At that stage it'll have been 10 months since Vela last put their hand in their pocket and made an investment, I sincerely hope we see in the next update that they flogged some CDT at a decent rate. That would restore a little confidence, maybe ignite some interest otherwise this could be a looooong wait for a pay-off
Seems to be recovering - would be great to see it have a strong end to the week (which is more than can be said for Vela - back to .015, unbelievable!)
Dunno, I could have sworn a few posts were removed a couple of days ago but I don't recall there being anything controversial on there. We know they have done in the past though and seem to be quite thin-skinned to criticism. Let's face it they've probably not got a great deal else to do nowadays. Or maybe they're working on some masterplan that's yet to be revealed.... perhaps not.
Bonkers really. If you hadn't checked in here in the last 6 months you'd be forgiven for thinking that nothing had happened at all, no RNS's or new investment, or that Vela hadn't finalised a potentially very lucrative deal with the original SGSC investment. At worst even at the present CDT sp they've recovered the money... and yet the Vela sp is exactly where it was before any of this happened, in fact it hit .0155 earlier which is ridiculous but true. I know none of this is new information it's just baffling - or an illustration, once again, that if you don't keep the market updated then sentiment evaporates with inevitable consequences.
I sincerely hope that now they have the means to do it the Board are working on something to ignite some interest here. Otherwise it'll just be dull dull dull with no news expected to perk things up and even the resident optimists must be wondering what the hell is going on
Hear hear!
I must say even by Vela's standards the performance so far this year has been utterly useless. At .03 I'll be out of here too
No chance! Now that CDT is concluded and those shares are in the portfolio our esteemed directors have literally nothing to do to justify their wages. As far as we're aware there's still no £ in the coffers so it's just a case of flogging a bit of this and that to keep them in tea and biscuits. Anyone thinking that's a harsh assessment can look back at the last purchase this investment company made - May23, Tribe, a full 8 months ago. The excitement over the put option has rather masked that I reckon.
Then stick it back in the bottom drawer and leave it as long as it takes. Those who are so inclined can average down. All it'll require is CDT to go on a decent run and the board to sell some or all of the holding there, if they popped up with an RNS to say they've banked several million $ this would soon turn around (for a bit - before inevitably dribbling away again)