Member Info for NelsontheDog

Concerns me. I know (and understand why) a lot of posters here do not appreciate Ryan but given his salary and CFO status I actually find it concerning he isnt on the board - it s a real sticking point for me of concern. I assume he doesnt like the bond holder strategy (of ARt'S) and has been asked to be board member but feels COPL are too risky and doesnt want to be a board member - if it was a competence issue he wouldnt have had big raises. Personally, I like a little tension between the money man and the mission man - but i dont see structural control here and look at the result.

I still hold despite large losses and I am optimistic of increased production and a JV but I will freely admit that I should have done more DD into ART and the board structure - i dont think I would have invested if i had.

I think we will hear news this week - not insider knowledge or based on any evidential basis - just gut feel that we have gone long enough now to have new news.

Hoping another share comes good so I can add more here at these prices.

GLA

NtD

Hi Blu,

Whilst I am broadly in agreement with your synopsis below, I would differentiate somewhat Dynasty and Satoshi. Dynasty were looking to IPO but since then the market went to pot for tech - I believe they are simply waiting for recovery and in the meantime growing the business via deals - whether the pace of growth is slower as a result of no IPO funds I dont know - but, tbh i would be okay with this if they just said it - "IPO market changed, we think it will be better in H1 2024" or some such.

Satoshi is deliveringnow, the shake up of positions did seem to have an impact, its just at what point does commercial success factor in, and do they have the right team to sell their product?

I never added Satoshi in my valuations but had itas a wild card but Dynasty lack of comms is very annoying - if they are doing well then just let us know.

Unfortunately this has become a shelved share for me - but that could change any day with the right news. Personally speaking, still too much potential for me to sell and move on.

GLA

NtD

I have been here a long time having originally bagged a "bargain" as PAT dropped to 20p. Average still higher than price but not by much.

The price action this week will be very interesting - the GM implies there is news coming and i would expect the city grapevine to dig out whats happening and the share price to react accordingly.

I remain very excited about this share - Cascades still more than underpins the share price so all the India excitement comes for free - whats not to like in that?

GLA

NtD

Oddly you are right and I wrong. 200x it is.

Numbers here are immense. If we assume 10% of gold value as it’s in the ground, then at 6p we are still at more than 50% discount to the nav of our 30% share of cascades - and that 600,000oz is almost definitely going to rise.

But then the stuff of dreams in India - at 12m ounces that’s about 1000x from here at 10% for being in ground - I don’t have a massive stake in here - it’s speculative but that’s life changing if not wife changing numbers!!!

So

Don’t scoff at people saying 100x for Bhukia, it’s conservative.

Whatever you call it, it is very pleasant to see this moving up. If we can gain some attention then I think anyone who looks at JLP with new DD eyes may be tempted to have a nibble as below.

Fresh eyes:

1. Downside SA powr issues = 60% addressed and forecasts reflect this - okay im not out yet...

2. PGM exposure dropping price - yes but Copper coming on stream and Chrome. Hmm doesnt appear to be fully refelcted in price

3. Cobalt - holeee mollleee - and not in price at all - Buy.

4. TA - big gap to fill up to 11.6....good.

I am hoping volumes pick up to reflect new buyers - a little bit of confirmation news if they have it on Copper would definitely help...as would any news on other expansion efforts - its been a long wait!

C'mon Leon...

GLA

Hi Speel,

FWIW I have the same view and I am also well down. I cant however bring myself to add more money here as I just dont have a clear view anymore

- timings and breakeven point for increased production?

- RBL?

-JV?

- Findamentally trust in ART - he may get the company where he wanto to in the end, but those of us early onto the bus I believe are going to be sacrificed - as such I cant expose more capital to that risk.

I am going to see what happens but not adding more or selling out on spike - hoping they can steady ship and that increased production leads to RBL and or JV - I will then reassess.

Just my view and as with all investing its very much bespoke to me.

NtD

Well, I am not a very good trader or TA person but I do note some of the patterns and recall the chatter on trend reversal here. if we close a strong green day today again we have a three soldiers pattern which is a strong bullish (I know - amazing insight) pattern that is often attributed to a reversal of downward trend.

AtB

NtD

Colin inferred, or rather I have inferred from Colins interview, that the insurance would pay out in instalments so the full $5m does not have to be spent before insurance starts reimbursing.

As ever with the team they present the situation well. Issue on 36-2, delay on reaching production in Williston new wells leading to a gap in cashflow that they are on top of with the raise.

This last bit is conjecture and highlights the issue with being the non-operator, but I wonder if our Williston partner is in dialogue over future JV in Paradox, saw the issue on 36-2 and deferred the timing of the Williston wells to try and make Zephyr more desperate for a future buy in deal on the Paradox. If thats the case well done Zephyr for calmly staying on top of the process.

Either way, I feel they have a good forecast model on the business and a tight control of what is happenning. There is always going to be a control risk on being the minority control as in the non-operated portfolio and I will leave it to the "better oilmen" to decide if they would have had a better experience with 36-2 - sounds like the sort of chatter for the bar though.

Still happy to hold here on long term - there is still a very good upside to be gained here in the next 24 months I think.

Throwing words like turd and moron around on a good news day....

Maybe your next Moniker should be Shortfailed....

It appears that irrespective of the micro abilities of the team to spot technology opportunities, that this has been swamped by the macro position where future tech is completely dead in the water with the market liquidity extremely low. Massive value plays in this market but no-one has a clear view how long to wait for a turnaround in conditions.

Where Vela sahould be making money is pre-ipo through ipo but the market conditions have stopped this being the easy process it once was.

I am not excusing the company however - they should have a stronger view of the macro conditions. In addition at present they should state they still believe in model and will wait (and indeed even consider raising money to buy the value plays with a view of time to turnaround), or change strategy. In the meantime, cost cost cost - drop director time whilst there is no work (see above) - reduce expenditures no matter how trivial.

In short, at present the board aren't doing anything I cant do myself (that wasn't the case when i invested) so I am also awaiting Covid drug outcome and will then review - it may be that the market comes back to the model by then but I do think they should be spending time reasserting / doubling down / changing strategy rather than making £500 profit to try and put a score on the board.

Not a new disappointment but it still hurts!

AtB

NtD

I was sucked in a long time ago and a lot higher - hoping one day one of these rises might see me get spat out!

Interesting we rise this much and we are so guarded - talk about scars on scars!

We have too high expectations of Brent. He cant be expected to write an email and an RNS in the same week! Its not like he hsnt got other stuff to do too - do you think our investments will lose money without tight management - busy busy busy!

Above is glib but tbh - this risk on area that Vela are investing in has ben absolutely smashed by the lack of liquidity in the last 6 months or so. Till there is a return of money to this whole area, there is a high chance of nothing happenning I think. If I hadnt already taken positions, I would say its a good time to be taking positions....

GLA

NtD

Big spike in share price and now back down again - is this going to run pre close?

Well, I thought the market would like that rns. Little more - looks good for a future expansion of resources - consistent over 1g. Nothing to not like for me.

100% agree also Risky - well said.

Setanta - ch and co not oilmen - pathetic deramp - they plainly are if you look at their cv’s.

The blow out is on an independent rig - these guys are top notch - have health and safety audits regularly, had the right support items on site in case of an issue - your implication of them being cowboys - do you have any data on their prior performance ? No? Then again just blatant deramping and very much unappreciated.

Negative views welcome but misinformation and mud throwing not welcome by me anyhow.

Thanks Panamabob for putting a response on the rns that is not linked to squabbling.

I agree with you fwiw - progress yes but we need to wait.

I am becoming more of a view that the jv is on ice - either we asked too much or they offered too little - either way, 6 months in, I am discounting it (as is the market) so it’s good to see progress to increase production in the meantime.

Hope I’m wrong on jv - I will be delighted to have my view discredited by Art

Lloyds

They either have an agenda and believe this board has an impact on price - I still doubt that to be the case,

Or they get their rocks off feeling it’s fun to mock those with less understanding than them in a precarious position that they see and not just happy seeing the injured, they apply their foot to the pain. In reality these types of posters are I think likely to be on the losing edge of life - worn out by the fight - and on a bb they can be mighty and wallow in pain they think they have induced.

However they get there these really are the lowest of all characters - if only there was a way we could provide them with a hug and therapy so they can release some of this terrible hurt….

Suspect another boring day here in Copl with n the meantime.

Must get exciting soon - for good or bad….

Sce2

No, you got two great deals - both as a result of canny management but one supercharged by unexpected good fortune (for zephyr). If not for that good fortune we would all be bleating as delays would have resulted in a need for new funding.

Good luck with making use of your impatience - other than selling ( and stopping posting as a result) how’s the impatience use going. Are you getting on tube trains before people exit, cutting up traffic queues, jumping queues in the coffee shop or just vexed on this BB?

I suspect despite your noise we will be celebrating together again in 6 months or so.

AtB

NtD