Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Good work Roy although I would dispute that most of us are in profit here. My last averaging down was around the 0.045 mark to give me an average of 0.06. Most LTHs are thereabouts or over, hard to keep going on chucking funds in on such poor performance, personally I switched to tickling crypto which has been kinder to me rather than more averaging down. Certainly something going on in the background here. Eagerly awaiting something concrete.
Well I still think something is afoot. Next couple of days will tell. CIZ actually has had a little bump up too in the last couple of days...
It is plausible given the trades. Be interesting to see what the last half hour brings today.
Dealer - Not as much on Twitter as one would expect with this kind of movement. There is someone claiming to have bought 200m shares on the basis that VELA is simply undervalued, so it COULD be that this flurry of activity simply is in response to that - if that is the case then we will probably drop back to where the market forces currently value us. Personally I have my doubts about this and hope for something substantial soon but who knows?
I disagree Andy, this does not have the hallmarks of a classic p&d. PIs selling into the rise understandably, especially those lucky enough to have caught the low. But there is at least one big buyer in play here.
Agree with that HH. For a moment I thought that it might just be Laiker sticking some skin in the game, TR1 tomorrow and back to normal service but I think the action speaks of something else, so Arcadia or RTO most likely catalysts. Actually excited now.
hinesty is a virtue, although joking aside I respect that. All depends on what this is and where it goes as to whether that was wise.
Fair enough Cheesy and good job too, I like my hat.
Hector - I can't imagine many of us averaged down on the low, I'm still 50% down here. Cheesy - if this is MODE related I'll eat my hat. Something is surely afoot. As Bishop say who cares? Might even be director buys at long last. I'm hoping for news soon though, and good news. Even Twitter is quiet at this point so it is suspicious.
Yep, some actually fat buys plopping in now.
I have to admit that even I am allowing myself to get a little excited at this point, this does feel like a leaky jump
The other potential leaky news could be the eyeing up of an RTO re: the last RNS
I'm not saying I don't like it but we've been here before and most of us have a way to go before we see land. I hope that this is based on leakiness. Fingers crossed...
I should add that the process takes many months at best and that during this period of suspension your shares are locked up and untradeable.
There's much more to it than that Snowdrops, ian12 is only pointing out one painful (and unlikely) scenario. A bit of research on your part wouldn't go amiss, stockopedia is fairly good for the basics. In essence the the preferred scenario is that a company that wants to list on AIM is acquired, VELA in this case then becomes that new company and original shareholders are issued new shares in line with their original investment taking in to account any additional capital raise for the flotation - this is often quite high leading to a fair amount of dilution for existing holders, also new listings have not done terribly well of late. I've put this all very simply, a focussed hour on the internet would fill you in much more clearly.
Bowlers, you can read through my posting history on VELA, I've been anything but negative on the whole. I am pleased that there is some forward movement I'm simply saying that I'm more enamoured of the original investment strategy than a potential RTO. Even though we have been unlucky with most investments I can see the logic - MODE was a good looking punt at the time, the Arcadia trial was also a risk worth taking although the contract should have been tighter. I like the Truspine and Airestech investments a lot.
I simply feel that if we get locked into an RTO then we will be suspended for ages, all our eggs are suddenly in one basket and more than likely all of us original investors will be diluted to buggery.
This RNS has hardly set the market on fire. I suppose that any movement from the BOD is positive but my heart sinks, I've had a rough time with SPACs including (but not limited to) RDGC, seems like the LTH's always get shafted despite having had their investment locked away for an age.
My reasoning for investing in VELA was the same as many, a focus on disruptive technologies and JN's (then) track record. Like most holders I'm well underwater and the BOD have picked a barrel of duds to date BUT the idea is that if we get one big hit then it's all worth it. Awaiting an RTO or throwing our fortunes in with another investment company is not ideal in my mind, however at this stage I'll take momentum over stagnation.
To be fair the trading volumes on VELA have been minuscule for some time. We are in a lazy holding pattern and nothing is going to change until something really tangible happens. I think the recent RNS just staves off the gradual drift downwards for a while. Please God let Airestech float soon, that's been on the back burner forever.
I'm ok with all this today, shows that the interest in AZD1656 is still alive and the Lancet is THE place to make a statement. Obviously no fireworks until commercialization of some kind.
As I said a long, long time ago now AZD1656 may well have an application for another novel respiratory disease even if it's a bust for COVID which is more likely in the next decade than most of us would like. As such a wider study, and peer review in the Lancet puts it in pole position for the future. I do wish that we had the contractual detail as to our exact interest (i.e. whether it really is nailed down as COVID specific, or more widely), I'm not going to wish for a more deadly escape variant although this is a possibility.
However you look at it, this publication and RNS tells us that we still have a live asset and interest if not a buyer at this satge. Like many pundits I would take an even return as a result, more would be fantastic.
Oh I missed that nugget of news, makes sense now. Still small buys but more than we've seen for a while. GLA