VUL - Vulcan Energy Resources

[Ann]

When paying attention to the stack, which is mainly only if considering to enter or exit the trade, I ignore the numbers which are 20% or more away from the current price. It is after all, it is an auction and the prices outside the top 20% (or even 10% for one not moving much) are irrelevant because like in any auction, they are nowhere near the action.

When developing (not I, but our trading group) the algorithm to assess the market sentiment for, or momentum for, a stock at any point in time, it was obvious that the bottom 80% had very little effect on the results.

I have no interest in the prices of all the participants I just want to know there are a darn sight more buyers than sellers.

For instance, currently there are 459 buyers for 631,679 units and 293 sellers for 391,746 units for VUL. It is basic, it is not clever, it is not an algo it is simply just more folks in the buy queue than the sell queue. If it was in reverse, I would expect a fall in the price to follow. Very, very basic logic.

 

[Country Lad]

I have no interest in the prices of all the participants I just want to know there are a darn sight more buyers than sellers.

For instance, currently there are 459 buyers for 631,679 units and 293 sellers for 391,746 units for VUL. It is basic, it is not clever, it is not an algo it is simply just more folks in the buy queue than the sell queue. If it was in reverse, I would expect a fall in the price to follow. Very, very basic logic.

Sorry Ann, I may have confused you by mentioning the algorithm but it was during the process of developing it that the research was done regarding the usefulness or otherwise of the bid/ask stack.

Quite simply, all the research and testing done over about a year which ended up in being able to quantify what constituted the actual momentum of a stock at any time, showed that the total numbers of buyers, sellers and units were of no use because most of them are so far away from the current price that they are not really participating in the market and may as well not be there.

As you are happy with what you are dong I won't try to explain.

 

[Ann]

As you are happy with what you are dong I won't try to explain.

I feel I got what you were meaning. I am hearing you say looking at the stack is irrelevant as any genuine measure of price. I agree with that. The only price action that is relevant for me is what I am seeing on the chart. However, I believe a stock like STO currently with 422 buyers for 891,135 units and 790 sellers for 2,486,512 units is going to struggle a bit harder for a price rise in comparison with VUL, these are just my thoughts and observations over the years. This balance of course can change like the wind with some new information, it is purely the sentiment of the day.

 

[eskys]

Yes, there are eskys and I like to devote a lot of time to each of them on an individual basis so that eventually I don't have to consciously consider them when I am looking at a trade. Such as volume that I am totally focused on at the moment, after 20+ years of trading, I now discover volume! Eventually, it will be a purely subconscious observation that will be seen but not seen, if that makes sense? In the short term, I focus and focus on it with total concentration until it is part of me. Then it just becomes a sort of intuitive absence of thought.

You may wish to say big money "willing" a stock up or down, I just call it plain old, after-hours, fundy market manipulation.

That's a very interesting aspect, I will have to pay a little more attention to that, thank you for sharing that info, appreciated it.
I tend to just glance and see the percentage of buyers to sellers on the day when I want to trade a particular stock.

Depth is crucial, but we all know this can be manipulated. The first few lines in the buys and sells are what traders usually look at ( I see where country lad is coming from) Ann and country lad are both right.

It's important for me to break down the depth into price details and watch out for manipulators who will put stumbling blocks in place to trip us up. That is why I look at the pre open indicative price details and watch carefully for a few minutes before opening. Most of us will have the staggered times for open times .....for those who don't have it, here's the link and scroll down. The times are to the right............https://www2.asx.com.au/markets/market-resources/trading-hours-calendar/cash-market-trading-hours.

All these years trading, and I still can't get it right all the time........so many hazards and we never stop learning

 

[Ann]

It's important for me to break down the depth into price details and watch out for manipulators who will put stumbling blocks in place to trip us up.

In reality, for me the only price that counts is the EOD and how very many times in the past have I seen a stock travelling nicely all day to then see some fundy or broker or whoever come in and define the whole day's trading with their pricing decision at 4:10:06pm and define the whole day with whatever their price may be. No one will ever convince me this is not blatant price manipulation. However, always looking on the bright side, I don't waste my time watching the market during the day anymore as I know all decisions are made 10 minutes after 4pm. So in essence what @Country Lad was saying is born out by this observation.

All these years trading, and I still can't get it right all the time........so many hazards and we never stop learning

I live to learn, either from my own mistakes or from others who are kind enough to share their ideas and experiences. It gives me a real high when I find something new to play with.

 

[eskys]

In reality, for me the only price that counts is the EOD and how very many times in the past have I seen a stock travelling nicely all day to then see some fundy or broker or whoever come in and define the whole day's trading with their pricing decision at 4:10:06pm and define the whole day with whatever their price may be. No one will ever convince me this is not blatant price manipulation. However, always looking on the bright side, I don't waste my time watching the market during the day anymore as I know all decisions are made 10 minutes after 4pm. So in essence what @Country Lad was saying is born out by this observation.



I live to learn, either from my own mistakes or from others who are kind enough to share their ideas and experiences. It gives me a real high when I find something new to play with.

I know what you're saying, Ann. I get excited until I shoot myself in the foot.

 

[Dona Ferentes]

VUL under $6

On Wednesday, Vulcan chief executive Francis Wedin acknowledged a proposal to reclassify lithium put forward by the European Chemicals Agency to the European Commission. The proposal could increase regulatory requirements around the control, processing, packaging, and storage of lithium.

Wedin told this column (Rear Window in the AFR) Vulcan’s view is that the ECHA’s proposal is based on incorrectly interpreted applications of the classification criteria and did not take into full consideration more recent studies on the subject.

He also said Germany-based Vulcan and a number of European auto industry players or lithium battery supply chain companies had voiced concerns about the proposed changes to the EC.

Last week, Reuters reported on a warning from Scott Tozier, chief financial officer of lithium production giant Albemarle, that it may have to close its lithium processing facility in Langelsheim, Germany, if the EC pressed ahead with the reforms ...

 

[rcw1]

Good morning
Vulcan Energy shared placed into a trading halt ahead of an announcement to the market in relation to a capital raise.

Vulcan has requested the trading halt remain in place until the start of normal trading on May 8 or until the release of an announcement in respect to the raising.

Not holding

Kind regards
rcw1

 

[Dona Ferentes]

Vulcan Energy Resources is expected to launch a $109 million raising this morning.

Fund managers expected Vulcan to offer shares at $5.10, a 17.2 per cent discount to the last close of $6.16.

Canaccord Genuity was acting as the global coordinator, and was the joint lead manager alongside Bank of America.

 

[peter2]

Another cap raise that duds their existing shareholders (down 17%). A long, long way to go for this company and it's dream.

 

[Dona Ferentes]

VUL under $6 ...

The problem of turning dreams into reality is daunting...

..
(Woewihto)

 

[noirua]

Vulcan Energy upgrades Europe's largest lithium resource

Vulcan Energy (ASX:VUL) has expanded the company's lithium mineral resource associated with its Zero Carbon Lithium project based in Germany.

themarketherald.com.au

ASX:VUL MCAP $486.4M
29 September 2023 10:05 (AEST)

• Vulcan Energy (ASX:VUL) upgrades its lithium brine resource in Germany’s Upper Rhine Valley region
• The company boosted its resource to 27.7 million tonnes of brine feedstock containing 175mg/L of lithium carbonate equivalent
• The resource previously sat lower at 26.6 million tonnes at 174mg/L
• Vulcan recently streamlined its infrastructure buildout plans scaling down two lithium extraction plants and two geothermal power plants to one of each respectively
• Shares last traded at $2.91

Long Term Chart: https://uk.advfn.com/p.php?pid=staticchart&s=ASX^VUL&p=5&t=1
Daily Live Chart: https://uk.advfn.com/p.php?pid=staticchart&s=ASX^VUL&p=0&t=1

 

[frugal.rock]

Chart update

 

[Dona Ferentes]

Chart update

and another ...: ...:

up 25 per cent (too bad it rose yesterday b4 the Ann)

First Lithium Chloride produced from Optimisation Plant
- Start of production of lithium chloride from a local resource in Europe
- Important step for European battery supply chain security

Highlights
• First LiCl produced from LEOP, heralding the first lithium chemicals domestically produced from a local source in Europe, for Europe.
• LEOP is showing strong early results with consistently over 90% (up to 95%) lithium extraction efficiencyfrom its Adsorption-type Direct Lithium Extraction unit, replicating what Vulcan has seen in its lab and pilot plant operations, and in line with its commercial plant expectations and Vulcan’s financing model.
• The SOP follows over three years and more than 10,000 hours of successful in-house A-DLE piloting by Vulcan, showing high lithium recoveries and thousands of cycles of adsorbent life with no material degradation.
• Representing a more than €40m investment by Vulcan, LEOP is an optimisation, operational training and product qualification testing facility, to enable operational readiness for when the Phase One commercial facility is completed.
• Once Phase One commercial production commences, it is estimated that Vulcan’s integrated renewable energy and ZERO CARBON LITHIUM™ business will produce enough lithium for approximately 500,000 EVs.
• Vulcan has proven that the sustainable lithium production process known as A-DLE, which accounts for 10% of global lithium production today, can be successfully applied in the Upper Rhine Valley Brine Field.
• The Upper Rhine Valley Brine Field in Europe contains Europe’s largest lithium resource and is also a source of geothermal renewable heat. This will allow Vulcan to produce its lithium using geothermal renewable energy, decarbonising the carbon footprint of lithium production for Battery Electric Vehicles.

 

[Dona Ferentes]

not much newsflow, but ... doubled since the depths of Jan - Feb

 

[peter2]

I'm never going to buy this stock, but it was a perfect setup. Should print this out and frame it for display.

Easy +45% for the real traders.

 

[Smurf1976]

I'm never going to buy this stock

I currently have some in the actively traded portfolio.

Wondering why you'd never buy it? Not arguing, just curious to hear other perspectives.

In my case it's a purely mechanical trading system and any stock in the ASX300 is eligible if the numbers line up. This met the criteria so I bought some on 15th April and still holding at present. For the exit, nothing's told me to sell it yet but it will be sold, it's a trade not an investment.