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Speaking of bargain basement I have doubled down this morning like I said I would (I never said that I was a big fish here, but it's a big deal for me). My thinking is that Arcadia is valued by the market as nothing (so a bonus if it comes off) with 1.75m(ish) left to invest and the Airestech IPO yet to happen. You never know, even MODE might come good. I think that I'm fine long term here and I can afford to give it plenty of time to play out.
I'll just point out for the board here that I'm not a ramper at all, I just personally think that this is THE share for me to at least catch a healthy free ride at some point. I have all of my diversification targets in mind if it lands. If not, I'll take the hit.
I reckon that you have to trust yourself. It can sit there long term to realise a profit and I don't think this price will last. Genius or idiot, time will tell. I'll update the BB when I've gone all in.
This has been my longest held conviction buy. I find it hard to believe that we are where we are at right now and I do respect JNs' track record (despite also being locked in for a decent bung on RDGC), I still believe that there are things afoot in the background. Today I've pressed sell on all of my safe fund holdings and once they execute if we are still here in the middle of next week I am going to fully double down. Death or glory...
With a quarter of our MCAP still in cash we could probably buy a paddle factory
Agreed Unclejim. I'm sitting on a 30% loss right now but continue to top up at these levels when I can. Unlike many binary bets on AIM I believe that I'll see a return in the long run regardless of SGS which is why I stay in. I am however as frustrated as many on here.
Whatever the situation with variants it's pretty clear that we can't vaccinate our way out of the pandemic long term, it's a coronavirus and as such will mutate. Effective, safe and convenient therapeutics are the long-term solution most likely. If we do have an 8% share of one here we will obviously do very well indeed and I do not think that we have all the info yet.
It's a bit of a shame that the SP hangs on this in the short term as I believe in the LT growth of the VELA model anyway (can't wait for the Airestech IPO), as others have said the market has priced us as if the Arcadia trial has failed. If it has then this is going to languish for some time although a savvy investment or two more would also help.
Here's the whole thing from Telegram:
...........
A S, [1 Dec 2021 at 07:23:28]:
From Brent this morning to me
"The silence is far from deliberate. We like you require an update which we understand is due soon as commercialisation discussions continue"
Then I just replied saying they shld atleast update their shareholders and provide some level of comfort that this is not dead in the water
His next reply.....
"We are holding discussions on this very subject late morning"
................
So, the lights are on at least
Oh yes, my bad. Thanks TH.
We don't break even on MODE until 45p so this isn't going to shift us.
This is starting to sound like tag-team deramping now. The sentiment is low on the board and I agree with the regular posters in general. But I am starting to smell something somewhat fishy now...
Sad that it's come to this, hard not to agree in part. I have 2 large (for me) chunks in VELA, one in the ISA, one in the SIPP - it's my largest holding overall. I'll also be getting out at 0.1 from the ISA, enough is enough. BUT, I'll be leaving the SIPP chunk to run and will add at this level if I can. I still believe in the long term here - Northcoders continues to creep, MODE might break even, I don't think the Arcadia trial is a total bust, I'm really looking forward to the Airestech IPO and I don't think the cash will sit there forever either. Totally agree that lack of communication is an issue. Not quite ready to entirely displace my trust in JN quite yet.
I've also bought a little more today. Still a LTH no-brainer for me, but man I am bored.
There's a crack of sunshine there surely...
I'll take that. News is news after all.
Still on snooze, waiting for news...
Aeristech 100%. It's a vital emerging sector and they have solid credentials with serious ambition.
I also think along these lines Jimmy. Some synergy between Blue Air and Aeristech moving into green short haul flights. I think the cash would likely go into Aeristech first though, more in line with VELA's investment strategy
Personally I'm still quietly accumulating at these levels. I've cut my losers today to add here.
1 warrant received for each 2 placing shares purchased. Warrants cannot be traded. Once exercised (at 0.15) they become shares, hence dilution.