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50% rise in three months? What about the 85% fall in five years? Zero confidence to potential long term holders. Find raise next and probably back down to 4p?
Absolutely I agree, it's all relative. Some of us don't want to get burned again, it all depends on how quickly you might want to withdraw your investment...
But then again, a month ago we were at 5.10, and three months ago we were at 4.10 - it all depends on your view point. A 50% rise in three months sems like progress to me. A similar rise over the next three months would be nice, and, given the upcoming COP 26 and recent statements by HMG, is, IMHO, entirely possible.
"The sentiment is hugely positive" - but, we are now 6.25p.
That was posted by the government on 7th October, which was when we saw the price begin to climb 40%.
Looks like I probably hit the nail on the head here, some clearly knew what was coming in this report.. a chunk of £180m will go a long way towards getting things started at Immingham.. a £50k buy and a £35k buy today above the quoted offer on another big volume day... onwards and upwards!
"Of course, we're all probably missing the bigger picture here and a very likely scenario driving this rise.. This scmbg government are probably leaking info re. grants, support, investment etc in VLS to their mates who are key supporters.. the likes of Odey, who donate millions to the Torys, who know what's coming, and are piling in... just sayin'.."
–Consulted on our proposals for reaching net zero aviation by 2050 and following a consultation on a UK Sustainable Aviation Fuels (SAF) mandate, confirmed our ambition for it to enable delivery of 10% SAF by 2030 , and we will make £180 million available to support the development of the UK SAF industry. –
Couple of snippets:
Announced the shortlist for the £15 million Green Fuels, Green Skies competition, to support UK pioneers in Sustainable Aviation Fuels. –
Well VLS was one of the companies awarded the latter and I'm sure in a very good position to get some of that 180 mill!!
Plenty of mention of SAF in the transport section of the gov net zero plan.
https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1026655/net-zero-strategy.pdf
https://www.business-live.co.uk/economic-development/east-coast-cluster-uniting-humber-21899142
Yes, hopefully a slow steady rise over next few days now
https://www.bbc.co.uk/news/science-environment-58899006
Market Makers playing their games today, keeping the bid low, trying to scare some sales at the 6.83p sort of level. We've seen it all before.. they want shares, hold firm. The real bid is where we now look to have a new floor around 7p, and we are bull-flagging between 7p and 7.30p, where the trend resistance is. A measured move push from a breakout of the bull flag and through the resistance at 7.32p and 7.50p could see it climb to 8.30p, which makes that old trend line target at 8.25p all the more attractive - like a great big magnet. The sentiment is hugely positive at the moment, there could be some serious FOMO kicking in, the perfect storm.
Good morning #TeamMyrtle
we seem to have slowed down at that resistance 7.3 ish . What can we expect from here?
Of course, we're all probably missing the bigger picture here and a very likely scenario driving this rise.. This scmbg government are probably leaking info re. grants, support, investment etc in VLS to their mates who are key supporters.. the likes of Odey, who donate millions to the Torys, who know what's coming, and are piling in... just sayin'..
We're currently seeing a strong bid again around 7.05p, and it's forming a nice ascending triangle on the 15/30 minute charts, which could see it shoot up to 7.90p later on, with the hugely significant 8.25p area within touching distance then, and most likely will fall this week, given the momentum.
Very bullish on VLS as I have been the past few months and always considered it undervalued but really hoping this rise is on leaked news regarding Natchez offtakes not just market sentiment realising VLS's undoubted long term potential
Well Magic Myrtle
Looks like we hit the 7.32-7.5 resistance you mentioned amazing insight
Hopefully we can swallow up the resistance and hit the 8.25 nice one Myrtle
I'd ask to get a chart insight on the rest of my holdings but I think I'd have to pay for that so I'll stick to my value spreadsheet
GLA
Almost 5m shares traded in the first hour, 7.48p high, currently up 10% at 7.19p, with it going in to auction on several occassions.. massive trades going through just lifting the offer. On no news that I can see. Happy days.
That's +40% since my first heads-up for you all..
Make that 2.5m shares traded and 7p taken out.. watch out.. I did say this was looking very deja-vu like..
Over 1m shares traded in 20 minutes, 6.98p trading with the bid above last week's close.. fantastic start to the week after a fantastic close Friday at the high, printing an incredibly bullish weekly candle. Monthly is looking awesome too. Based on the demand that's there for it again today, someone knows something.. this is ready to fly..
The way we're going this morning the 8.25 might be beached now that would be a serious move on no rns's
GLA
Bring on 666 next week!
*Since the end of September I meant of course for the channel we're in..
Was wondering why we dropped yesterday afternoon, but then realised that guesser on Sharetalk had talked about it.. here's the only place you need to come to get quality VLS analysis.. :-)
Hey TD.. :-)
That worked out alright so far, didn't it? 6.40p trading (6.42p in fact), like I suggested it might get to after breaking out of that rising wedge. We're up around 23% if you jumped in last Friday when I posted first..
We are still working our way nicely higher up the channel it has been in on the hourly chart since the end of October, pulling away from some of the key support/resistance lines and moving average obstructions. We are currently trading at near six-month highs and the weekly/monthly candles are looking incredibly bullish.
There is the 50Week MA at 6.46p, basically where the offer is right now, but if that is cleared, there really isn't much MA resistances above, bar the 200wk MA at 6.66P (an omen!) and all the shorter moving averages are climbing upwards below, with the 50day crossing the 100day, another positive. We are also after breaking above the 50month MA at 5.63, which was the cap for the spikes higher in June 2020 and Dec/Jan, another very bullish sign.
Old horizontal/trendline resistances to watch for now are at 6.92/7p and 7.32p and 7.50p. If we can get back to the 8.25p level, it would be incredibly positive, as it would retake the uptrend line from the Nov 2019 lows which held it in Apr-Jun 2020, Nov 2020 and March/April before it broke lower. That could clear a push back towards the 16p highs. GLA!
Hey MyrtleMan, VLS soothsayer
Can we have an update as to what you're reading in the tea leaves pls?