All positive as VGM has found its new level at the 35 to 36p level. previously it was yo yoing between 25p to 37p. (good for trading). Directors bought in recently at 28p. They must have known about the Chinese investment deal. Vgm dropped from 60p due to the flood which delayed the works for a short period of time. The next set of results will be on target IMHO and we should drift back up to the 50 to 60p level . Assuming no further Euro Zone jitters get in the way.
Good for a 30 to 60% rise from these levels. I am hoping we might get a brief drop in the SP so I can top up.
There was also a buy at 107 (100 I need shares ) and a buy at 235 (200 I need shares badly) yesterday then came the large buys. I have seen these codes used on a number occasions when I have traded this stock just before a rise.
It has been dropped on no volume. Note the late large late 75k buy shown in black. Time will tell. Quite happy to hold here just now and will top up on the lows
Remember the tipping point where VGM reach the best grades of Gold will be 2013 so it is my guess that our chinese investors will want to make an offer before then to get the best deal possible.
Some times news trumps TA but thanks for the info. The placement is at 56p with further large buys today.
Personally I can see this drift upwards as it should never have dropped to these levels in the first place.
VGM has been further derisked and it looks likely that a takeover is on the cards.