Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Pick a day in the future and add 365 more :)
I am not entirely sure what the directors are doing. RTO is not looking great (exclusivity expired) and we don't appear to have had any reportable offer for Coos Bay despite wholesale gas prices being at astronomical levels in the last 12 months.
"P*ss up in a brewery" comes to mind!
So 7mil in investments vs 3mil mcap. It's safe to say we are trading at a discount after what has been a very boring few months!
It's just a shame SGS are taking an age to do anything with AZD. Could of been a huge bonus if they were actually committed to getting the drug into commercial production.
In fairness, Wallbrook are not directly responsible for the performance of the businesses they represent. The best PR in the world cant save an AIM dog for which their are many!. Lets hope VELA doesn't join that particular club, its been a long wait for some positive action.
We are over the 2 year mark in suspension and no one seems to know anything. Not even a hint of a response following the TW accusations made in October!
What has happened to the PET RTO? (Exclusivity appears to have ended with no follow up comms)
Coos Bay must surely be worth something to someone given current gas prices! I am somewhat surprised that we haven't even had a cheeky bid (we only need £1m to see us over the MCAP at the point we were suspended).
I have a sinking feeling we are going to get another extension. The lack of action from the BoD is a little embarrassing considering investors have been locked in for 2 years with very little comms and zero reward. Surely there must be something worth reporting!
Exclusivity with PET expires at the end of September. You would hope they have progressed with the due diligence by then to get the RTO finalised, however, they could also extend the exclusivity arrangement.... again!
Fingers crossed they can get this tied up soon. 2 years in suspension is a bit of a joke!
I genuinely think that without Laiker buying up a decent volume of shares and getting back on board, very little would have changed. Hopefully its the start of some real action. My only concern regarding a potential RTO is the timescales for completion are huge and I have seen too many go down the drain in recent years (Take a look at CZN for a good example of an RTO being delayed and delayed with holders locked in under suspension)
Most importantly - Come on VELA - My paper loss is currently catastrophic :)
Novus seem to be pushing a fair bit of content out via Twitter on behalf of VELA but its not much good if you are not a Twitter user (I am not sure whether there are any other channels they are currently making use of).
If you have any questions at any point they are fine to deal with over the phone, although naturally cant give away much info unless its been RNS'd.
Thanks THGambler for reminding everyone of the investment values. Unfortunately the BoD have remained quiet and allowed negativity to set in with investors old and new. The reality is we are valued at less than a cash shell despite having investments and cash to the value of over £4m. It really wouldnt take much to turn things around. I just wish they would do it rather than later as I am not nursing a significant paper loss (depite a lot of averaging down in recent weeks)!
I don't think anyone is suggesting that a 1000% rise here is on the cards. At least not without some significant news to drive the SP northwards (I think most would be very happy with 100% right now :) ).
Like yourself I have been here for for a couple of years (pre SGS) and have found the lack of positive news frustrating, however, it has presented me with the opportunity to average down and build up a fairly chunky pot of shares. The reason I keep buying is I know that VELA is a slow burner that will eventually turn with the pool of existing investments (unless AZD1656 turns out to be a commercial success at which point we all make a lot of money very quickly).
The more shares I pick up at this level the bigger the profit when things turn around.
As always, its only an opinion. I have picked some very good and very bad investments in years gone by.
Blimey folks. The misery has really taken hold here today.
VELA is far from dead and is currently valued very attractively despite the less than perfect investments and the long wait for news on AZD1656 (Try and find a listed org with a pool of investments with an MCAP of just 4mil).
It wont take much to light the fuse on this firework. I just hope that not too many retail investors will be talked out of their shares on the cheap before the rise.
Come on. Keep selling those shares cheap so I can keep topping up on the cheap!
Its been only a couple weeks since Laiker and Cooke had to notify VELA of their growing holdings. These guys are not buying to throw their money away. Something is in the pipeline to push them to make such significant buying decisions.
And before anyone shouts "ramper" - The holdings RNS's are there for all to see.
Unfortunately my average is significantly higher than yours thanks to me buying a large chunk pre SGS/AZD1656, however, being able to buy at this level is quickly lowering my average and presents a good opportunity to cash in when the news flow improves or our investments pick up.
That's another top up sorted while the MM's were being slightly less harsh with the spread.
Happy to keep loading up while shares are cheap. We are currently valued at a similar level to a cash shell so only need one or two investments to perk-up for there to be a justifiable rise. If AZD1656 turns out to be a winner then I stand to make significantly more than I expect! Either way, happy with the risk v reward at this level.
That may well have been me as I have been waiting for another opportunity to top up, however, I get the impression the MMs are hoovering up shares from retail investors on the cheap for a large buyer.
I have not been able to get a price at less than 0.28 despite shares being handed over as cheap as 0.25. A far bigger spread than what we were seeing a few weeks ago.