Member Info for MyrtleMan

If this is the SP reaction with 'good news', what on earth will bad news do to it.. we're actually now down on the day after finally getting some positive info on what we were all waiting on. There must be some hidden info in there that some are privvy to, like a dilution or upcoming fundraise, makes no sense that we are actually red today.

End of April is Friday if I'm not mistaken.. not saying we're going to hear something before then, but they have two days to release info.

oH My GoD VeLoCYs GOt a MEnTiOn!! Didn't someone say they've been forgotten about now and Fulcrum were the government's new darling?!?!

Key line here though - the Government remained on track to ensure legislation for a SAF mandate would be in place by 2025 and would publish findings from the Government’s independent review advising on how the UK can compete in
the global SAF market.

You're a bit late to the game if that's what you're thinking Sponge, the time to short it was when it was 8p, not at 3p. Good luck with that.

Just FYI, at 3.89p, (up 21% lol) it's currently printing a small break above the downtrend it's been in since July 2022.. also, it's just above the 50day SMA at 3.86p.. 4.25p is the logical next target if it does get moving, the 100 day MA and the long term support/resistance area

nice £20K buy above the offer this morning, a mill done in the first hour.. one bit of news and this will be back above 4p, maybe even 5p.

This thing is coiling though, we could see it pop higher once this seller is gone and those who regret not jumping in below 3.20p start chasing it...

Huge volume going through today, one side doing their best to crush this, offloading millions, someone on the other side is doing their best to hoover it all up and keep the price above 3p by the looks of things. Worrying though, as we know with this stock, there's usually no smoke without fire..

He transferred his ownership to his mate who is not sanctioned. But maybe he needs the money now and is happy to get back whatever he can, even at a massive write-down... good enough for him

Volume does look to be picking up, some decent buys going through on top of that 500K straight out the gate this morning. The bid has also crept back up from 3.26p this morning (seriously MMs?) to 3.60p now, that's like over 10% the bid has climbed.. but means nothing really in a stock like this. We need to get back above 4p though to create a bit of momentum and hopefully this persistent seller will be done soon like with Amati.. it's been over 3 weeks now of constant selling pressure.. could be your last chance to buy below 4p, I've topped up with another 20,000 shares this week at 3.50p

500,000 buyer straight on the bell this morning, yet the sellers keep the pressure on. Someone knows something.. Might be the Russians offloading all of their holding and getting out completely, they have quite the load to get through.

They're looking for quite a few key people to push projects and commercial activity forward. The sooner they fill those the better, as you would imagine it's severely hampering their ability to move forward at scale on the many projects they have in the pipeline.

From one of the job descriptions (Commercial and Bus Dev Dir)

The UK Government and the European Commission have published proposals to mandate the use of SAF in the UK and EU respectively from 2025; the proposed level of 5% of EU jet fuel demand by 2030 would require over 80 plants the size of Altalto, the waste-to-fuels project being developed by Velocys and British Airways. As a result of such market demand, a wide variety of projects are being developed around the world. In the USA, recently passed regulations provide substantial tax incentives for the domestic production of low carbon fuels, including SAF. Velocys is one of a small number of technology companies in its specific space, and therefore receives frequent enquiries, but the maturity and strength of the projects in development varies widely.

They're killing it now. 3.20p, and not even on big volume. The bid has just disappeared. Looks to me like some knew what was coming in this budget and was selling in to it, and lo and behold there was no clear mention of support for VLS or SAF from what I can see.. just waffle.

It does look like a 'flush out' by a big seller, they seem determined to dump millions, and are prepared to keep pushing it lower until they're done. Has a sense of deja vu with Amati back in June/July 2021 when they dumped a lot of shares and pushed it down to this exact level.. once they were done it rallied some 75% in about 4 months to 7p, just before it popped to the highs around 18p.. different reasons of course for that pop, but a bit of news around matched funding could hopefully see their timing being equally as bad as back then.. :-/

Another 600K clip lifting the offer at 4p. Over 2m shares done today already..

Almost 1.4m shares traded in less than 7 minutes there just before 9am. Looks like this persistent seller that has been pinning the price down for weeks (Russians giving up and bailing out?) is still about as there are chunky sells going through (e.g. 500k clip)... But equally someone is happy to hoover up 100K clips and be on the bid for 500k on the other side.. will be interesting to see what happens when this selling pressure relents.

Do you know then what the situation is with Matched Funding? If, let's say they get X million from a private investor to match the government funding, does that mean they have to issue XXX million shares to give them their slice of the pie? Is that why they SP is so suppressed at the moment, as the placing price is going to be at 4p? They seem to be pegging it down to 4p at the moment, in a similar way to how this has behaved in the past before a placing. Someone always know.

https://travelweekly.co.uk/news/air/government-pledges-to-scale-up-sustainable-aviation-fuel-production

https://www.telegraph.co.uk/business/2023/02/12/america-overtaking-us-green-fuel-warns-british-airways-chief/

We have a buyer in the market again, creeping the bid up from 4.20p to effectively 4.65p now, and also nibbling at the offer at 4.85p. Looks like the seller is still camped there though, any decent-sized bid is hit too.. they must have quite the overhang to get rid of. Maybe when they're done we can start creeping back over 5p.