Member Info for Allthatglitters

Hello, I'm a chartist who DIDN'T call 80p so I'm not what you're looking for really. But I will say that that daily 50MA is 114 so that's our first point of resistance.

Under mid to buy.

Nice to see some blue currently

Erm i'm not sure you understand shorttracker. It shows latest changes in disclosed positions. Therefore, it's open until it shows a decrease to under 0.5%

They should. Volume still very light and it's quiet here and twitter. Stealth breakout.

https://shorttracker.co.uk/company/GB00BJL5BR07/

Looking at the trade data so far, it's pretty obvious that the short is still open.

No, it’s someone who’s not currently invested and is interested in the fundamentals of the company and what they hope to achieve. I was hoping someone more versed in Vela could help deliver an answer that would excite them as it does us.
No ramping, no rockets, no ****y “codes”

Am I right in assuming they expect current investments to be worth £6m turnaround tenure 12 months(current value £2m)
Plus the 1.5m for further investments. Mode founder son of billionaire?

I don’t know the answer. Any help please? Cheers

Whilst I don't disagree with the potential of SYME, their current market cap is around £160M isn't it? Tough to see James investing at those sort of levels unless they have a discounted placing?

Just to add, on warrants, we saw £900k worth exercised in September when the share price was around twice what it is today. Was great work getting these issued at 0.06p as it gives us a seriously stable base as well as exponential potential for value increase.

I recall how many billions of warrants that EUA had floating around at 0.5p. The share price stubbornly would not fall beneath it. Then, of course, it 50-baggged.

No way the warrants are going to be sold where we currently are.

:)

So, I've been doing a little research on this.
They raised £1M in July and have received just over £900k since through warrant exercise.
They've made a £250k investment in Mode and, let's assume, monthly working cap, broker and listing fees equate to £25k-£30k per month. Salaries £20k per month. So that's a total of £400k which would leave £1.5M cash for future investments.
Does anyone know what the cash position was pre-placing? Is it possible that they have other cash reserves? I believe there's still 2.5B 0.06p warrants to potentially be exercised at some point, so that's another £1.7M the company will make.

I wonder if Mr Normand will make a series of small investments in IPO's or a larger investment in an established venture?

There were a lot of big buys (and sells, obviously) last week. It will be interesting to see if any big holders have increased their stakes during the carnage.

Made me chuckle Coggy!

Magamus seems to be MIA. Shall we send a search party?

I'll be honest: my style of charting isn't an exact science: it's just my interpretation of the pattern and trend. However, I was confident enough to make this my biggest holding so here's hoping!
Buying volume will be important obviously. lol.

Check mine and Emergo's charts on twitter using the #VELA tag. Due to break out next week. Fingers crossed.

Another week is over. Good weekend those that remain here!

One hour to go. C'mon people.

Has to close above the 50MA at 113p to guarantee a rise Monday imo.

I hope so. As long as the direction is up.