Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
CDT up +45% pre-open NASDAQ
Exciting times ahead. Let the party begin.
All looking good. Happy to be here for next 2-3 years or even longer how things pan out unless Anglo American gobble up Alien Metals on the cheap.
Either way Upside is MASSIVE and will come. No point selling at these lows. We have had a very strong healthy consolidation over past few weeks.
Time to get in for the ride. Have held on to all my shares and not selling until we get to Fair Value which is MULTIPLES of 0.20
MP
Added few more today. We getting closer to exercise the option hopefully around the $5 or $6 VWAP to pick up maximum no of CDT shares.
My own view is the put option overhang is affecting CDT share price in the short term. Once exercised then we should see a recovery in both VELA and CDT prices.
Debt outstanding £7.3m (approx $9m)
We might not get enough for rough Diamonds to cover the Debt payment.
Joe
There is no risk factor. £4m is absolute minimum we should get.
VWAP is only there to calculate exact no of CDT shares we get for $4.8m worth. Simple as that.
We can exercise the Option and sell all shares same day at the share price at the time.
Risk only kicks in if we hold on to our CDT shares (once granted) and decide to sell later on.
Update next week i reckon.
LtdAxis
Think you got it right. $5 would be the lowest we can get and use to calculate how many shares we get for $4.8m worth.
I would be happy even with around $6.00 VWAP
0.0785
EXXON has recently also shown interest in DLE.
Upside here is MASSIVE.
folks would remember how quickly this jumped from 0.07 to 0.85 last time on Aussie Drill news.
Potential here is phenomenal and unlimited.
Lithium
Aussie LNG
Tano2 oil license
Update on any 3 above and CLON will be HOT again
Has all the hallmarks of PLACING.
They do need funds.
Agree. Best to wait another week before they exercise the Put option to get the best 10 day VWAP and pick up maximum CDT shares.
Lets hope we exercised our option today to grab maximum no of CDT shares before it bounces back.
Will be adding more today. No Brainer !!!
MCap at almost HALF the value of investments.
That gap will need to be filled.
Put Option should provide very handsome profit and bring in lot of cash also.
Bio-tech stocks by nature can be bit volatile but at the same time gains can be very juicy.
For a change drop in CDT price (until we exercise our PUT option) is working in VELAs favour.
MURF price touched $22 high on day of merger approval. Would be awesome for VELA to pick up maximum shares while CDT price is low before the bounce.
$4.8m @ $6 would give VELA 800,000 shares
CDT
I am sure they would have sold some shares from within their portfolio of investments. Quarterly update should provide more details on that.
In the meantime now would be good time to exercise the Put option to convert $4.8m worth into Maximum no. Of CDT shares.
Agree, current MCap does not reflect true value.
ALL the rest of VELA investments valued at 0...
That is very bizarre!!!
£4m should come soon as we exercise the Put option now that Merger is complete and stock is already listed on NASDAQ. Those were the conditions needed to exercise the Put option.
Some people dont understand the deal mechanics which are quite simple.
VELA get US$4.8m worth of CDT shares whenever they exercise the Put option and can sell all shares same day to lock in £4m payout to VELA.
CDT share price (lower or higher) will only be used to calculate the QTY of shares VELA receive.
I expect Conduit to DOUBLE in coming days/weeks.
If VELA lock in their $4.8m worth shares now and sell them all as CDT doubles in price, then VELA pay out could also DOUBLE.