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Hi Rick, I could not find any reference to either point online. Cheers.
Your source?
The update on Shell Refhyne 2 is that progress has been slowed down by two main factors:
1. ITM Electrolyser Setbacks: The UK-based electrolyser manufacturer ITM Power, responsible for building the 100 MW electrolyser, has scaled back its expansion plans, impacting the project's timeline.
2. Regulatory Uncertainty: Concerns regarding regulatory approval in Germany have also contributed to delays. The German Parliament recently extended the scrutiny period for a delegated act related to the project, pushing back the potential final investment decision.
Can anyone confirm or elaborate on this?
The seller is either finished selling or not willing big to sell any more at the current prices hence why the so has risen again.
I still think more shorts are closing so I am expecting a nice 20% rise today to create some volume.
GLA
Cureboy, don't forget that that all happened before the war in Ukraine that shocked the global economy and as a result many investors, including institutional, got burnt.
Roll on 70
Institutional investors. I will also remind folk that they LOADED in during the last placing - at 400p! They saw value at THAT level. The shorting attack has gone on long enough.
Where has all the cash come from?
Two trades of £376.83k and £366.25k last night as well as £55.31k and £41.57k
This is the sort of newsflow we're gonna need.
https://twitter.com/ITMPowerPlc/status/1752983310274314341?t=7o9QWZJFJ3BFFDRSAbr7iA&s=19
I trust this is a sale and not a freebie upgrade.
Turn it off and come back in the afternoon. Seen this hundreds of times
I would like to know what has changed from yesterday to justify a drop like this, same over at CWR, I knew I should have sold these and CWR yesterday and then bought back today at lower prices.
Thanks for the feedback. Nice to have a constructive discussion.
Don't underestimate the bravery of the big shorters. You'll be surprised how they will see this as another opportunity to win all the way back down into the 40's again. I think we would require a stream of positive news flow to produce a continued lift in share price. The shorters have lack of orders on their side.
The ITM sp has a habit of moving quickly; with the positive RNS a broker in the news has today re-rated ITM back up to over 150P, it won't be hanging around at these low levels for a long time.
Hi Nothopeful,
Yes you are correct. However the shorts buying back the shares need people to sell. This is why they let people sell and just buy slowly to keep the price down. Once this seller is out, which I agree there is definitely a seller in the background, the price will start to rise again and the shorts will need to pay more to buy them back which is what they are trying to avoid.
This is again all IMO because the reality is nobody knows for sure.
GL though!
Mattluc, if shorts are closing that means they are buying back shares, if that's the case and the share price is still falling, surely that means there's still more shares being sold than purchased! Fingers crossed this turns around sooner rather than later.
Can see the share making it to £2 + with a bit of patience. Also note the two different broker's views. We know which one is wrong. But here goes !
https://www.thisismoney.co.uk/money/markets/article-13030205/MARKET-REPORT-Vodafone-shares-sink-rejects-Italian-merger-bid.html
The shorts know this but they cannot allow this to keep rising and not be able to close their positions at a decent price.
Yesterday in my opinion a big short started to close, they will continue to close.
I am waiting for the inevitable tick back up
Time will tell
GLA
Chinese make many different types. But.... Chinese government steers tehnology to be followed because many MPs (or similar ;-) ) are engineers not Historians. Hence they will solve the technology, it just about when. Politics, friend-shoring etc will be the future for a bit, the markets for sales though will be world wide. Missing out on supplying into high CO2 generating countries will be dissapointing. Not everyone is West or East an lot of custom will come from the true non-aligned.
This is strange surely this should riseing not dropping after a brilliant up date and good buying pressure
Perhaps?..., "it's just an aim company, give the job to the work experience girl/guy, it will be good for them"
Denis's Shell hint of positive news in the last few days in support of the "Reservation of Capacity" was sufficient for me. Looks like it will definitely be happening so will be looking to add. High calibre Tier 1 client in my book and others will follow.
dyor.
How the hell can you have 1 broker saying target price 150 from 140, outperform, and then another the same day saying target price 46 from 45 and a sell rating, well one might get it right.