RE: Buy on the drops27 May 2020 13:33
Thank you Parfett123.
I was expecting a more significant short term reaction to planning permission given VLS was undervalued before. I am still expecting / hoping for something more than we have seen so far, perhaps once it is formally confirmed and / or Shell and BA sing and dance about the PP via press releases (likely after formal confirmation). Whatever gets the 'herd' here anyway!
Given my expectations above, coupled with my desire to massively average down my long term paper loss, I am deep into this (all but the kitchen sink) expecting I could pull some funds out shortly after PP once I hit breakeven (5.6p) before leaving a decent chunk behind for the long term hold / 'forget' during further periods of volatility, as you mention. Insult to injury is that it briefly peaked at 5.6p on the day of the planning committee meeting, before tanking!
I am not the most patient of people at the best of times, and frustratingly I now find myself with 'stranded' funds watching other opportunities pass me by as the world (or at least share prices) begins to bounce back. As per my previous contributions to this board, I am bullishly confident Altalto (and VLS more broadly) will come good, but I am struggling to get comfortable all the time PP has seemingly not been factored in the SP (if it was, I am sure we would be beyond my breakeven)!
GLA!