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90s is possible but so is a slight retrace - it all depends...

As I originally said on 30th May "If 54p goes the next resistance is 62, then 81. " On my chart, the next resistance I can see is 81, if that goes then I think it should see little pressure to prevent it heading back to £1. 62p fell and the 70s have been breezed through.

After the £1 - 1.05 resistance level though, I have no guesses, there doesn't seem to be any real resistance until £1.80 after that (not a prediction just how I'm reading my chart on this, which as I've said before I'm still learning). I was looking to improve my understanding of charts and behaviour but I don't think I'll get anything useful now from this share price as this breakout has been so significant. But I won't be complaining about that.

Or day traders taking their 10%

Their* hate it when I do that

It is just business - we will find out this evening if Qube continued to exit and if Helikon started to or not - I don't mind either way, it is there money or not and up to them. If I'm honest, I'd rather they were still at the same level, means the buying interest has come from elsewhere.

I see green (or blue) first time since January 2022, the benefit of averaging down and topping up at those lows

You may be right IKFA. I expect there may be a bit of profit taking by short term traders today so a bit of a dip but then should hopefully stabilise before the re-rate kicks on to the £1 levels.

I'm not planning on divesting anytime soon, as you say, there was value at £4. I'm kind of hoping the shorts are still in place, means someone else has seen the value in the business that I (we) do.

Well remembered Vamosbien, mine were 35 & 47 but I remember the ridiculing.

Never had one do it before for me, had this one drop like a stone the minute I originally invested in it, so it is nice to experience the reverse after I've managed to get a few at the lower level.

@Bilbo, I hope you have longer than you think, and long enough doesn't take as long as you suspect and get chance to see it.

I guess we need to wait until 5.30 to see if anyone moved on Friday. But Qube must be heavily underwater now and close to getting margin calls if they didn't unwind.

Having said which, still come back to the point that they are irrelevant. If they aren't exiting then "someone" is buying and if they are exiting then, still, "someone" is buying, doesn't really matter who at this point.

Getting close to the next resistance at 62p as I posted last week. If that goes, the next is 81p.

Overall, I just see this as a re-rate back towards £1 off the back of the previous news, stimulating a return to a more sensible valuation instead of the oversold/undervalued position of before.

Not just HySpeed - Aegis Energy too who I don't think are part of the consortium

https://www.aegisenergy.uk/

Oh I agree ITM shouldn't be investing in building out the infrastructure for refuelling, that is the job of the car manufacturers, as per the Tesla model which was the only way to deal with the same arguments being rolled out against EV 20 years ago - that being that the infrastructure wasn't in place.

I'd buy a H2 car over EV every day of the week and twice on Sunday, to coin a phrase. As I've said before, the new commercial refuelling site is planned for Towcester among others, that's only 11 miles from me, worth it as I'm sure they won't refuse cars from the site once it is up and running. I'd travel there to refuel. Most of my trips are to Birmingham or the Southwest, Birmingham has a refuelling site already according to the maps. so it is an option for me.

EVs have their place in urban driving but longer distance H2 is my preference when available.

Glad I didn't take a punt on that hunch @Bilbo, it didn't retrace back to the 30day ma

They might do tonight, it is Monday's update we need to wait for. We have all weekend to chew it over, the anticipation...

Well done @vamosbien and all others who have recovered by averaging down. I'm almost there. Spicy should be ecstatic at breaking even.

If 54p goes the next resistance is 62, then 81. GLA

£10-15/kg at the moment with a 5kg tank, thats £50-75 for around 100miles/kg or about 500miles, can be comparable to existing diesel give or take a little bit minus the environmental negatives. EV can be cheaper to refuel for less range, if you can charge at home with renewable/battery storage anything from 0 - 27p/KWh at home to 79p/KWh public charger for around 2-300miles. With no certainty of the environmental benefits of the electricity that was generated to charge.

One pays one's money and one takes one's choice.

@Rich62, I think it was a valid query, I don't think anyone here knows the answer, who knows what their strategy is? I think some of the comments were aimed at others who had replied not you, if I read the thread correctly.

Well said @cureboy, showing nice consolidation of the contract news spike and just a gentle rise over the last week or so, nice and steady

It has been a textbook "Gaslighting" operation trying to make LTH who bother to read this board, doubt themselves and their assessments of the company's prospects. Whether it would ever create sufficient selling pressure to drive the SP down, is questionable, I'd suggest not. I doubt enough shares are held by the people who view this board and might be susceptible to the tactic but it must have some impact or their would be no benefit in doing it. Strangely I haven't seen any FOMO being whipped up, maybe a bit of relief from LTH sitting on paper losses and slight joy from those who had the courage of their convictions to buy more at the lower prices and are now benefitting from paper profits.

I'm sure Qube are large enough not to worry about what the end result is here, this must be small-change to them. Helikon are stuck and they know it.