Andrada Mining acquisition elevates the miner to emerging mid-tier status. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
It’s a non-brainer.
Any one investment could reach this market cap but more especially Igraine.
I could only see Vela managing to create this position. So if AZDblah blah has a successful outcome the rewards could 20x the recipient. However with an ongoing legal dispute firing up as to who gets the benefit the action on SP will be muted until agreed who owns - which could take years - so Vela with a foot in both camps wont see any benefit for years even when lightning strikes!
And whilst ownership is in dispute, who is putting their shoulder to the wheel to get things done? Not really a position set for success is it?
This covid AZD investment is the gift that just keeps giving - but giving in the man to a lady sense of the word indeed.
Yep, CDT have made it clear that they are not progressing the Covid indication. So for now, it is going nowhere and seems to have Nil value at least until there is some sort of ownership and further trial and/or commercialisation clarification. What does this mean for the CDT business model?
The other challenge is CDT on the cusp of dropping below $1, if that continues for a set number of days Nasdaq would issue a delist notice. They'll then need to reverse split shares pronto or it's game over. They'll be able to add that delist notice to their collection after the other recent one for another breach of some other rule.
CDT Management seem totally asleep at the wheel. Maybe that's what Vela saw in them!
I know this is pointless and the world is full of what-ifs and hindsight, but I can't help wondering how different the picture would be here if the board had sold the lot at $5 - banked $5million and washed their hands of the whole thing. I'm sure they were holding on for $10 or something but sadly that's looking extremely unlikely now, even in the long term.
The only time I've seen them move swiftly and decisively was the KNB deal where they sold enough of the holding early that they were on a free ride with the rest of it. Being a Vela investment it then plummeted and never recovered, but that's just par for the course
Delisting from Nasdaq will serve CDT right.
Totally incompetent and untrustworthy.
Bouncer, totally agree. It was said at the time to sell some while at $5 but there was also a few on here stating that CDT will go to $10 so no need to sell. Unfortunately the wrong choice was made (predictably) and here we are scraping around for funds while the main investments dwindles every day. Add it to the performance of the BoD
That would be a £2m decrease since last quarter update, just on CDT alone. A mix across other investments, some up, others down. Next update will be a miserable read in 3 - 6 months. On a positive note, the delta between mcap and NAV is reducing!!
Do you reckon CDT will get delisted ??
No idea, I would hope they take pre-emptive action to ensure they do not fall foul of the listing rules.
Hopefully some clinical trials news for a SP boost back to $5!
Bouncer, the shares could not be sold at $5 due to the time it takes for registration. But had they been sold in the $3s then in a few months we will look back on that as a big miss or a thank goodness depending on where CDT goes
Nelson, my reading of the Igraine report is that they are simply taking advice nothing more. The reference to legal action relates to earlier investments unlikely to be relevant to Vela or CDT
That is not true hogbog. The CDT price was over $5 up until mid January 2024, vela exercised their option on 30th November with the shares registered (from memory) around mid december , VELA had ample opportunity to sell during this time and did not. They have shown they are completely inept and making investment decisions as evidenced by pretty much every investment they have made.
Can’t you see they’re doing this on purpose to wind us all up ? Deliberately crashing the SP as they’re not invested themselves.
They don’t know how to take criticism and upon it.
*and act upon it.
THG, I’ll stick with my truth thanks.
Can you both sort this out by adding proof to your claims ?
You both can’t be right!!!
Option exercised 30 Nov. Registration process began mid Dec, holidays hit, CDT registration processes slow, Vela did small sale at earliest opportunity as we all know cash is an issue. My calc based on the quarterly report, the prevailing exchange rate, and the daily closing prices of CDT is that this took place around 17Jan. Beyond this you’d need to see the paperwork which no investor has access to. But I’ve heard this triangulated from a number of reliable sources. Hence I’m sticking to my version. Off to spend my ENET gain now. Have good weekends.
Isn’t CDT just being run down by traders prior to listing on the Russell index next Monday …when it will probably rise 250% on opening ?
You wish.
CDT is a pile of ****.
The fall from $3 has been rapid, even for a Vela investment. Who knows what will happen a week on Monday but it has risen from under $1 before. The question is, will they actually sell if this happens again.
Well Hogbog says it was out of their control to sell earlier!
Who to believe 🤷🏽♂️
Ltd Axis: CORRECT