Member Info for ojls

Even if Coos bay is flogged cheap for a few million our MCAP stands at £775,000 so we are in for an instant multibag + whatever value is appointed for the RTO which at this stage is a complete secret it turns out.
My only concern is the amount of debt CZN have accrued over the last 2 years. The BoD are going to need a million or two just to clear that before shareholders get their slice of the cake.

They must have had the site up and running more recently than 6 weeks as Google has a cached copy of the site from the 11th of May (only 2 days ago).

Its more likely a website security issue or someone has not renewed their hosting package on time.
More than happy to be proved wrong with a mega news announcement.
Could do with some good news. If I keep needed to average down it wont be long until I am obliged to put in an offer for the whole lot :)

Considering VELA have £750k invested in Ensilica we should see a bit more positive action towards the end of the month which means only one thing..... time for a little top up to bring down the average (fingers crossed its the last one).

Fair play. The MM's are certainly giving themselves the best chance of a profit. I am surprised to see any top ups going on at the moment with a 15% plus spread at times. Surely they are not trying to de-centivise buyers!

Substantial organizational progress was made on the proposed RTO, as well as operationally and organizationally at PPL. Reflecting this progress, and after the year-end, the Company extended PPL's exclusivity rights to allow it additional time to complete key business development discussions with international PET manufacturers and certain global CPG brands, prior to undertaking the proposed RTO; currently targeted for the latter half of 2022.

and

In relation to the Company's coal bed methane project at Coos Bay, the conflict in Ukraine has led directly to both short and long term increases in natural gas prices, with European countries in particular, looking to develop alternate sources of energy including imported LNG from North America and the Middle East. The war is also driving increased construction of new modular nuclear reactors and increasing reliance on renewables globally. Notwithstanding that Coos Bay is currently earmarked for disposal, such global factors make it a potentially more valuable asset in this environment, and one that may well deliver this value through a transaction timed with the completion of the proposed PPL RTO.

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)

After last week's more positive trading it's all gone a bit... flat
Quarterly update wont show up until mid May so hopefully the BoD will have something news worthy to share in the interim (SGSC update would be nice).

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?!

I did exactly that. Another little top up to bring down my average late in the day.
I really really really really promise this is the last one..... maybe one more if I get the chance :)

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.

No