Member Info for ojls

If there is no real news, the next update will be "Final Results" at the end of April which I dont imagine will make for good reading unless the BoD drop a mega bit of news in the interim.

I'm absolutely stumped. Broker wont talk to anyone (I was told they wont deal with retail investors) and no one is sharing any news of any form.
Coos bay surely has to be worth something (VELA sunk millions into it)?
What happened to the RTO with Poseidon? (Is there anyone else interested?)
Are the BoD taking a wage while nothing happens? (Pretty poor show)
Is CZN going to run out of cash before anything meaningful happens (at which point no one is getting paid and the locked in shareholders are going to lose their shirt!)

I will be surprised if the MM's can drop it much given the total value of todays trades is about 59p!
Its amazing how negative sentiment is driving the slide in SP. We all know that the investment value is double the current MCAP. VELA should be a no brainer buy!

No big volume held by Laiker to keep the volume on the side of the BOD. Next AGM, Brent is gone unless he pulls a rabbit out of the hat.
For those stating they have sold up. Fair play. It wont do any damage to the SP. Its just a shame you have been put in a position where confidence in a turnaround (soon) has gone.

Based on the RNS figures our MCAP remains at less than 50% of our investment value. Just shows how much the SP has slid over the last 12 months.

We surely cant continue on this downward trajectory for long. We are valued at half the price of our investment portfolio!
I have been here for a long time (too long) and have sunk some decent cash into VELA after extensive research and some averaging down, however, I am starting to get a little nervous about the continued slide (and the BoD don't seem too fussed)! - BoD clear out at the next AGM on the cards I reckon!

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).

That's a little concerning. Lots of garbage fired about by TW but I dont like the idea that something underhand has been going on while shareholders have been locked in.

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!

Make that .40.
Come on VELA. Only another 100% to go and I am in the black :)

Buy just gone through at .38
Something brewing!

Something interesting is surely inbound. That's a very sudden uptick in interest in little old VELA! - Only another 150% and I am back in profit :)

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.