Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
You should be fine Bowlers with 0.4. Its the holders stuck at 1.4 that are likely feeling the burn a bit.
Vela will come good in the end. It looks like our patience may be tested just a little more before then.
Glad to see a PR agency on board. I don't see any downside to it given they are typically hired to create and distribute news that make organisations look/perform better.
Its a shame the BoD cant provide a better update at least indicating what is holding up play.
The copy and paste monthly RNS's are getting a bit boring!
Any one trading aim will have seen this before. Super quiet with no meaningful volume until a nice bit of information/RNS lands, closely followed by a significant re-rate. Its just a matter of time (hence why I have taken a few extra little top ups in recent weeks).
VELA still has cash in the bank (hopefully to be invested very soon) along with a news due on a couple of fronts (including SGSC/Igraine).
That was pretty much my logic when taking my last top up. Why would the BoD chuck a load of money into Igraine if AZD1656 was a dud. Its career suicide.
I stand by my comments from a few months ago that one of our biggest issues was the amount of hype around SGSC and the short term investors hoping for an overnight success/instant profit. When that unsurprisingly wasn't the case the traders stated selling off to chase rainbows elsewhere which drove the SP downwards. In the last few months its just been a steady drip of investors moving on due to a lack of meaningful comms from the BoD (although the last few RNS's have been better)
Dont worry Bowlders12 I have topped up on numerous occasions and I presently couldn't sell a single one of those shares for profit. On a brighter note my holding is now rather large so I will be over the moon if the BoD have got it right.
Buying at this level, you would think its hard to lose (100% gain required to bring us level with the pre-SGSC news)
Considering PET were aiming for completion at the end of Q1 we surely cant be far away from a meaningful RNS - https://www.businesswire.com/news/home/20211027005064/en/Poseidon-Plastics-Ltd.-Pre-Issuance-Certification-for-%C2%A3200m-Climate-Bond-Launch
The days of a proper buy and hold seem to be long gone. The same thing is going on with VELA at the moment. Traders are getting in at half price with big gains in the near future while the long term holders will be making only a few %.
It was a rumour doing the rounds a number of months ago (initially raised by a contributor to the chat on here who I believe maintains that a deal is in the pipeline).
Someone will need to manufacture the drug. Croda could be one of many with suitable credentials/capacity.
I would just be happy to see that a deal is finally signed. Its been a long wait!
If it turns out the Croda deal is real we are in for one hell of a rise. 100% in a day is no problem just to bring us level with the SP pre SGS news. Perhaps its the reason for the more positive buying activity of the last few days/week. Who knows?!
There is a slow but steady stream of small trades. We just need some big hitters to turn up.
I wonder how many holders/shares are locked in between here and 0.8-0.9 to be back in profit. It surely wont take much to get us motoring again. The last few RNS's have not been bad from the BoD, but no one seems to care enough to chuck in some decent money (despite the huge discount compared to less than a year ago).
I don't think many expected we would be sat at these levels. At one point 0.9 looked good value with the potential for big news on SGSC and future investments.
This will all come good but it looks like we will not see the overnight success perhaps many were hoping for.
Looks like the vultures are out today. Anything less than the current SP and VELA is heading for the equivalent value of a cash shell.
The board have been pretty hopeless recently but the company still has a value. In my opinion the SP could be double the existing value and represent a decent buying opportunity had it not been for the silence in SGS. Sadly too many investors bought off the back of the Arcadia trials hoping to be a millionaire within days/weeks and are now selling at a significant loss to chase rainbows elsewhere.
I'm certainly not selling yet. I have seen too many big bounces and missed the boat thanks to a lack of patience.
The guy is starting to look like a clown. All that experience in corporate finance but cant seem to explain his investment decisions or illustrate what the businesses plans for the future are.
(I will have even less respect for him if it turns out he has been conned out of £2.5m for the arcadia trial - mind you there are a lot of heavy hitters involved so you would hope their due diligence was half decent)
I think you might struggle getting in at that level given the existing SP is essentially mirroring the investment value + cash.
Unfortunately unlike many AIM shares we are not seeing the benefit of a value that mirrors "what could be" or "potential".
The BoD just need to communicate more/better! Like every investment business they have made good and bad decisions which they should stand by, rather than hiding,
Its potentially meaningless but has anyone else spotted the trades on the bell at 16:30 the last few days (value unknown but the sale price is either on or above ask).
Google says there was trade but nothing is showing up on LSE?!
PET suggested RTO completion in Q1.
1 month remaining.
Come on Mr Kainz, don't let us down. It's been a long wait for holders!
I hope we are not seeing a drop here today because people are trying to trade the bounce at SNG. It looks like a few have been caught out this afternoon after following the rampers screaming "get a bargain while you can!".
Its a shame to see retail investors loose cash, but some dont help themselves.
Anyway... back to VELA. Surely they must want to communicate something this week. Its all gone very quiet again and they know full well that shareholders are sick of the silence.