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They also sold some investments in the QTR at a good profit.
Merger on track and happening. £4m to come in.
Current MCap of £3m is nonsense !!!
Investment Portfolio worth £5.52m at 31 Mar 23
Then add the £4m on top. MCap would be c £10m
0.20 should form a good base from here on. We got various price moving catalysts ahead.
One good RNS and this should climb back to 0.36 as quickly as it fell back.
2 good RNS and this should be back on the radar.
Timor-Leste now fully committed to tap in their Massive untapped resource after all these years. Back in 1998, Gas was not in fashion. Nobody had even heard of Climate change.
Fast forward to now with LNG one of the Hottest commodities in demand. Timor-Leste and Aussies finally looking to tap into the massive untapped Gas reserves. BOIL in prime position now:
"At the right place....At the right time"
"amended Offtake and Prepayment Agreement with Canmax Technologies Co., Ltd ("Canmax") and a further announcement will be made shortly".
Above is far bigger price moving catalyst here. We back on track now. I would expect this to trickle higher towards 1.04 pence higher touched earlier this year.
And all i have seen today has been deliberate diversion to GR shares speculation by AimHigherStill....WTF
"amended Offtake and Prepayment Agreement with Canmax Technologies Co., Ltd ("Canmax") and a further announcement will be made shortly".
"The Company has also agreed the terms of an amended Offtake and Prepayment Agreement with Canmax Technologies Co., Ltd ("Canmax") and a further announcement will be made shortly".
Above is significant development in today RNS.
Net assets worth £6.273m is DOUBLE the MCap.
Current price is a steal. Should be close to 0.04
+£4m from Put option would ADD another + 0.02 to MCap to 0.06 as fair value.
Heritage survey RNS would zoom this back to 4.50 and higher in Double quick time.
RNS due anytime.
944T
Great post. Same here. Bashing each other does not help at all. Instead it becomes off putting for anyone looking in and all they see is fighting.
Adding insult to injury is not nice either.
Every single one of us is responsible for our own decision. This will come good. Need little patience. Seen similar situations on both KOD and PREM over past year or so when share price was on the floor and people bashing was at peak. Both companies had a remarkable turnaround.
KOD rose from 0.08 to 0.83
PREM rose from 0.20 to 1.04
UFO alreaady at the lows now with very limited downside but Upside is unlimited. Funding uncertainty also removed now.
MCap dropping in half in just one week is way way Overdone.
Think one of these days this is going to do +100% catching many out in my view.
True. If VELA sold all their investments now and returned Cash proceeds to Shareholders you would get 0.04 today.
£4m cash receipt after Conduit Nasdaq listing would be EXTRA BONUS.
off co**** its speculation. otherwise price would be 10 x times higher already.
writing is on the wall !!!
Conduit pharmaceutical Nasdaq listing will trigger the additional £4m
Add £4m to VELA current total assets of £6.273m
Equates to approx. 0.0620 - 0.063 per share.
(3 times current MCap).
I said it about 2 weeks ago, based on Investment Values of VELA holdings, this should be atound 0.04 price level at a minimum.
£4m from Nasdaq listing would be on TOP of 0.04
Chris
Risk is not defined by no. Of shares in issue.
Tell that to PREM with over 24 billion shares now hitting £250m MCap around 2 months ago.
Chuditch farmout partner...
TL / Aussie tie up by the looks...OR could SHELL be back ?
Yep. Those are just a few of the culprits. Lol
An important factor i also look at is Country risk.
Lost out fair bit on corrupt Africa littered with corrupt regimes and military coup etc.
Prefer safe Tier 1 location. Focussed on AUS.
Silverhorse.
Yes. There is an element of risk in every investment. Hanc0ck alone should be worth multiples of current £10m MCap without even looking at Brockman, EH and Munni Munni.