When you consider the multitude of investment news which is due in the coming weeks and months, along with the facts that the BoD are sitting on £2.5m in cold hard cash. The current Mcap of £9m is an absolute bargain.
The placing shares are at 0.09p and the warrants are at 0.125p, so it’s unlikely we’ll see downward consolidation at these current levels.
On the brighter side, Vela now has an additional £1.5m to invest in more cutting edge industries, to go along with the £1m (approx.) which they already hold.
If there were true words of wisdom, The Punter has just spoke them.
Thanks for the info Dave!
And good tip for the noobs, Quant.
Slightly boring yes, but it's nice to see Vela trading at higher lows than it has done in the past 12 months.
Lots of very interesting investment news in the pipeline which will unfold over the next few months.
If the Arcadia trial is a success (which see no reason why it wouldn't be) then Vela will multi-bag pretty quickly.
They invested £2.35m into the project, which is over 1/5th of the current Mcap! Which sounds like a lot right now, however this will sound like small money once the revenues from the covid treatment start rolling in.
As per usual patience pays, and patience here will pay big time.
I read yesterday (not sure if it's true) that if the buyer isn't a resident within the UK, they're able to purchase 5% of a publicly traded company before a TR1 is required.
Either way it's been getting progressively more exciting here over the past few weeks.
I can see FOMO kicking in hard this Friday, and next Monday/Tuesday before the court case settlement is received on Wednesday.
After buying in ARB at 15p and selling at 45p, i won't be making that same mistake here haha.
Good luck all, hold you nerve.
The sells are likely warrants flushing through which were scheduled to hit the market today.
I disagree with your second statement. Just because we're not seeing the fruits of Vela's investments just yet does not make Vela a bad investment by any means. I'm confident that the SP will be many multiples of where it is today, at the end of 2021.