Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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I was hoping for 1p by Xmas! Hopefully the news we all want is just around the corner I think June will be vela’s month gla :)
BigDave - 1p really? I hope your right, I will go for the 15th June, just been reading the info says trial should be complete mid-May, do we think that will be communicated in an RNS
To be clear, technical analysis isn’t an exact science. It cannot be used on a lot of shares due to the price action being so erratic. As I say, it can be very useful in crypto, forex and some commodities as the price action is far more stable
With that being said, in Vela’s instance I am very pleased to see that the TA is showing distinct patterns which gives us a visual representation of when to expect the next rise in SP
Yes I see it now, thank you for taking the time to explain, it is appreciated. In deep here but calm knowing it will eventually pay off with or without trial success. Lth!
In the graphs I’ve shown, can you see any kind of re-occurring pattern?
From what I can see, every time it intersected one of the 3 trend lines, we had an increase in SP to north of 0.1p. The next trend line is approaching and it coincidentally coincides with the time period we’re expecting the initial SGS results
Can you explain the graph please in lamen terms as it looks like we are destined to remain at this level, which can't be true with the news inbound!
Here's another graph without the arrow
I've also adjusted the lower support line to give a more accurate view of of our trend
https://www.tradingview.com/x/dZh9SZHm/
For those interested in the dark arts of technical analysis, I thought I'd take another look at the Vela chart.
And as I've said in the past, I don't tend to apply this to AIM shares although I do find them highly beneficial in the Crypto market
To give a brief explanation to what you're looking at, the coloured sections in the background is a 'Fibonacci Retracement' tool which I have set on the lowest support area of this 9 month trend, and a strong resistance area
The three green lines coming from the "spike" in August are simply lines going from one spike to the another, to observe if the share price seems to react when they cross paths
The black line at the bottom of the graph is our trend line, which demonstrates that Vela has been creating "higher lows" since August, which is coincidentally when James Normand was appointed as a Director
And the arrow below is something I've crudely put in to demonstrate the "pattern" I'm seeing
https://www.tradingview.com/x/6Yd63awG/
Sliced some of my CLP shares after the recent John Story RNS
Couldn't resist picking up some more Vela at these low low prices
So can somebody quantify what a successful drug trial will do for Vela ? IF it turns out to be a wonder drug what can we look forward too ?
The longer it goes, the more convinced I am that the £2m is for a specific deal, possibly with one or more other (well known) partners. There has been plenty of IPOs or other opportunities to invest if that was the intention. Maybe next stage of AZD1656 development if successful?
Like it Big Dave.
I will go for Friday 11th June for results RNS.
I must admit i am still a little confused why we still have £2M sat in the bank, hoping he has it earmarked for something huge!
I would say 5 weeks til the initial report is published and we hit 1p.
Another week til the database is locked and then a month for data to be independently assessed.
Are we running a book for results RNS day, put me down for Mon 14 June :-)
News cannot be far away now, i'm sure we're all on the edge of our seats with excitement
And right on queue we've started seeing posts from de-rampers who are looking for a cheap entry
Good luck all
I’ve been here for 9 months now and it’s been a little frustrating as it doesn’t seem to be going anywhere but it must be ready to blow any day now and all the waiting should pay off