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Maybe the market wants the CDT quite a bit higher. Let’s be honest without CDT we would be screwed. Cash is virtually zero which means Vela have to keep selling down their investments. We need to see at what point VELA start selling some CDT shares and at what price to get the cash reserves up significantly and then what VELAs next investment is going to be.
Looks like fair value currently is not a bench mark where the SP should be.
has vela been anywhere near its fair value? market doesn’t trust the bod to invest the money from cdt into something else without it going **** up.
people are just trading this unfortunately based on cdts daily /weekly share movements
I wouldn’t look at charts specifically to tell you where the SP is likely to go. If CDT continues to rise then VELA should/will rise. If CDT starts to drop back then VELA will probably fall. The charts will reflect that. It’s that simple in my view!
Hard to tell with Vela. We just need CDT to keep rising but god knows what Vela’s strategy is regarding when to sell. They are desperate for funds so can’t see them waiting too long. May sell some in the short term and they might wait longer to sell the rest. CDT currently hovering around $4