Member Info for MyrtleMan

Reading through this report, it seems obvious to me that they are in discussions with VLS:

"We are committed to the use of sustainable aviation fuel. We are **currently in discussions with a number of leading fuel suppliers with the goal of taking UK produced SAF as early as 2026**. Jet2.com has **already agreed a letter of intent with a sustainable aviation fuel provider** which signifies our commitment to lowering emissions wherever possible, investing in new emissions reduction technology and utilising all currently available options to reduce CO2."

"SAF can be made from a number of sustainable sources for example recycled materials such as used cooking oil, **municipal waste**, or recycled waste industrial gasses, which are processed via a number of approved production methods. Sustainable aviation fuel is a crucial stage in decarbonising the aviation sector. **Investing in UK SAF production has the potential to positively impact UK GDP, creating new green jobs and helping provide low carbon mobility.**" (one of the big selling points for Immingham in gaining the grants and PP)

2026 is a key clue, as that ties in to the timeline we've seen with the previous release, VLS must be confident they can be up and running in the US and the UK by 2026.

"REDUCING OUR CARBON
• Fleet renewal & fleet efficiency improvements achieving approximately 10% emissions reductions by 2030.
• SAF – achieving at least 4% saving by 2030, with a possibility to be increased subject to appropriate government and fuel
industry support." (this will come....)

The downtrend line is still holding us down, but so far the support between 11.50p - 11.75p seems to be holding.

Good Spot Matt, and AH2021, if Jet2 jump in, then Ryanair and EasyJet will probably follow suit soon after.. And well said Jim, I preferred it when there were a lot less children on the board.

yep, a bit of a damp squib ending.. but is teed up for a gap higher or lower tomorrow now though. A green close though, which is positive. Massive volume again, almost 31m shares, but it wasn't a dump and a smash back down to 8p like some were hoping for, it stood firm all day and absorbed some more of the short-term flippers. Once they're done, it'll be on the march again.

We're coming to the apex of a triangle that's been building all day, with a downtrend upper line drawn through Friday's upper limits, and the lower uptrend line coming from the spike low late Friday afternoon.. we'll probably burst sharply higher or lower out of it in the next 30 mins or so, will be interesting as to which direction...

It's in a nice little uptrend channel from the morning lows now, slowly moving higher which is good to see. Some support now also being offered by short-term moving averages (30m and 1hr timeframes) and if we keep ticking higher like this along the channel, it should hit 13.50p in the next hour and possibly even 13.75-14p in the afternoon. Once over 13.92p we could see it pop higher again with 15p a very likely target.

Hang in there.. 11.10p seems to be a new support line, it held it Thursday and Friday too. if we can get solidly back above the 50% retracement at 12.11p, we should head back toward the 38% at 13.50p, which should also take us back in to the uptrend from Tuesday Close.

Going to happen when the price has doubled and tripled in such a short space of time, people will want to take some money off the table, or those who came late to the party and are in the red are panicking a little now and having their shares sucked off them at a loss by market makers scaring the in to selling.

It was one of the reasons they got the planning permission for Immingham..

I'll take 8% down in the day after an 85% rise on the week and 150% since I started writing my thoughts on it at the start of the October.. All the levels I had put up have been hit along the way, 16.70p was a lovely sell level to have put an order in for this morning, you could have got back in around 11p as it flashed lower, then bottomed out. They pulled back to the 61.8% fibonacci retracement of this move up from 6.30p to 17.94p, at 10.73p, and it closed above the 50% retracement at 12.11p, hopefully a positive sign for another push higher next week back to the top of the channel again around 16.5-16.7p, with the new high at 17.94p a new target to gun for.

Great story, thanks for sharing

how about @vetapparelusa on twitter, that's clearly him too.

VLS are hardly going to be building it on their own man, Henrik isn't going to be out there in a hard hat and fluo jacket. If you get the funding, you get in specialist contractors to design and build it. You're so tiresome.

More sellers than buyers.

Hope you guys took a little off the table at the 16.5-16.7p level I mentioned.. gap has been closed, understandable some will be cashing out some given the gains this week, I know I have (about 10%). It's bouncing around the 13.9p level, which will hopefully become support now. Incredible volume again today..

Hope some of you got in this morning below 9p, 50% return from Golden Cross delivered in one day.. 13.93 also taken out on a spectacular day again. This is the golden egg we've been sitting on, this news. More airlines will follow and more plants will be planned. 16.50p still the next target, that's only about 20% more, which it could easily do again tomorrow, this is still only hitting people's radars.

managed to buy some at under 1p.

Well that didn't take long... happy days

no problem 2Phevs.. I love it when a plan comes together.

11.73p next target, we could see it by end of the week.

Hey 2Phevs. Great day, what I've been waiting for. I said that the writing was on the wall in the last month with the strong bids and increase in volume, as I said, no smoke without fire. I'm up about 65% on the last lot of buys I made under 5p, but I'm not selling until 10p at least, might take a little off the table and enjoy the profits.

We have retaken the upchannel from the Nov 2019 lows, which goes through the May and Nov 2020 lows and the support/resistance in April before it broke lower. That sits at 8.26p roughly. We stalled today at the 38% fibonacci retracement of the fall from the 16.5p highs to the 3.78p low, at 8.70p, but now we're above that support line again we could see it push higher from here, with the 50% retracement at 10.20p the next big target (the area where it stalled in Jan). There will be a Golden Cross tomorrow when the 50day MA crosses the 200 day MA, that should give it another boost, last time it did that in Feb 2020 it jumped 50% in the following days. After 10.20p, the 61.8% retracement at 11.73p is the next target (coincides with the January high) then 13.9p and the top of the rising Channel at around 16.5p, the previous high. All looking good, some great news coverage and Dawking tweeting it to his 2.5m followers is sure to see the volume strong again tomorrow.. the only way is up!