Member Info for Harris07

I have a small holding here and I think there will always be the element of high risk and high reward. The potential RTO is a copper, zinc and silver mining company. If you believe there is a good chance of a bull run in the upcoming years on copper and zinc this might turn out to be a good investment. There is some question whether it is possible to reach net zero targets set by the governments but even if the path towards it is slower than planned green energy initiatives will likely call for increased amounts of copper and zinc. All with the added bonus of potential preferential shares for holders who were holding around 4 September 2023 - I don't want to get too excited this could be a gem of a share.

This share price is a bit puzzling. I think that the cash shell is worth around £3 million so the price should be around 0.04 pence. The share price has increased by nearly 30% since the new shares have been issued - is this just people averaging down, movement to cash shell value or something else?

What are the possibilities of an RTO into this company?

MODE RNS out this morning.

I’m very suspicious of the move to make Peterhouse the sole broker here - in the past it hasn’t boded well for shareholders.

It’s difficult to know what is happening. It wasn’t a non protected portfolio sell so someone was happy for the market to see the transaction in real time. As has been said time will tell.

I’m awaiting the mass of defamers that often come on these boards just before a large rise in share price.

Lol.

It is likely to move eventually - just a bit more patience is required.

Hopefully the share price should move up soon. Atb holders!

Nice upward movement so far today. Let's hope this is the start of a re-rate.

Hate to say - it might be JR that needs to go…

Does anybody know how many warrants are outstanding?

This is not good news…

One other factor to consider is the company's brokers - Peterhouse Capital. I've seen other comments that they are known to highly dilute the shareholdings of companies.

I don’t like the concept of Bitcoin and I don’t particularly understand it but I do think that a virtual coin in some form is here for the long run. Imagine the ease of trading with other countries using the same currency on both sides as a result I think the use of digital coins will become more and more mainstream. Pandora’s box has been opened. Mode is trying to follow/keep up with the trend - is how I see it.

I believe that this company is a special. The management are determined, with a great network! For me I can see the value here even if the share price does not reflect it yet.

You are probably right. I think I remember reading that JR installed a CEO so he could focus on the marketing side of the company - I read this as JR did not have the resources to take on the function of CEO himself.

I think this is a little gem in the making. Since the introduction of Ryan Moore as CEO this year, the company has been more focussed. I think the turnaround, when it comes, will see a sharp increase in price. Happy to keep these in the bottom drawer.

At £2m mcap there’s not too much downside from here. This is a risky share. It’s links with Volvo means it’s a hold for me.

I agree with Robbo. My main reservation against investing in VELA was that one of the brokers were Peterhouse Capital who in the past have been notorious for raising a lot of shares which shafts PIs like you and I. I think that that this share will see some growth but it will be hard for PIs to make money here whilst Peterhouse are the brokers.

Nearly 3 times the usual volume and they mostly appear to be buys.

I think it’s fair to say that Mode have experienced a few teething problems. I’m encouraged by the appointment of JR and this should see a more focussed approach to the business and meeting deadlines going forward but this will take a few months to see this in action. I did not expect today’s news about the company joining the FCAs register I think this great news and from an investors point of view adds confidence to this investment. Whilst the market hasn’t reacted to this news favourably today it might just take a couple of days.