Member Info for MisterPositive

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.

Yep. Just look at PREM now with over 24 billion shares in issue. Within a year price jumped from 0.24 to 1.04 pence high when MCap touched over £250m.

Let management focus on "Delivery" on various projects. They got the £2m cash now plus $1m from Bennelone.

Share price will take care of itself.

Frustrations aside, you would not be here if you did not believe in future Outlook and highly attractive prospects here on Multiple fronts.

GLA.

I very much like ANGLO AMERICAN involvement here.

GingerTom.

Agree. Just a matter of time.

Redsetter being Telfer analogue wont just appeal to NEWCREST themselves but also other Aussie Gold Majors like Northern Star and Evolution Mining.

Would also be attractive to GGP who are next door

Would like to see a Bidding war between them down the road as things progress at RedSetter.

Cottesloe deposit due to its size could attract interest from the likes of Anglo American and RIO or Fortescue.

Massive Upside from current low £5m MCap and fully Cashed Up.....No brainer !!!

Max. Nice summary. Lot to look forward to.

14:07 post...Highly recommended.

Management Buying in also a great sign.

Options / Warrants at much higher price.

Why would have Directors bought in if they did not expect price to be lot higher in coming weeks / months. Already at the lows.

No brainer !!!

Volume approaching 200 Million already.

Agree. Max111 been around many years and die hard UFO fan coz he believes in the future Outlook despite past shenanigans. Nothing wrong with that. AIM is littered with companies where management do feckk all and just take salaries.

Off take with ANGLO AMERICAN, plus other interested parties with tenders in bodes very well.

Elizabeth Hill and Munni Munni should also see activity pick up.

There are doom mongers on every board. Just need to navigate around their nonsense.

Tacet - FYI charts mumbo jumbo does not work accurately on AIM stocks which is mainly news driven. So you can stop your scaremongering.

GLA.

Everything finally moving in the right direction.

Agree. True spread is lot narrow. MMs most likely filling a Big BUY order before letting it go.

Chuditch Valuation for BOIL is many Multiples of current MCap.

Uktrader6

What is your problem ??? Start what???

Got nothing personal against you. I dont even know you !!!

I have been in UFO in the past and i bought some last week and today. I see very good value going forward from current lows just like WSBN.

Magnum P.I. (BTW i am big fan of Tom Selleck) 🙂

Another variable is and will always be open, is that someone would pounce on UFO and buy it out on the cheap coz this is Significantly Undervalued.

Bought some today. Seems to be very OVERSOLD and UNDERVALUED.

Been reading the board over past 2 weeks. Some saying need to raise funds. That possibly could be the reason its dropped. Otherwise outlook and future looks pretty good. Bit of turbulence at the moment but this should also pass.

My personal view is placing shares have now been FORWARD SOLD from 0.36 - 0.37 downwards.

Better to get Cash in and remove any uncertainty.

We might already be at Placing price.

Expect a strong bounce back to 0.30s soon as this uncertainty is removed.

IMHO. GLA