Member Info for BlueGlow

Big moves for TTF and UK gas today.

23% and 24% respectively at the moment,

HH steady.

Thanks Kenny, had a quick look just now but couldnt find an clip.

Susannah Streeter, head of money and markets at Hargreaves Lansdown, agrees that the Bank of England is likely to keep hiking interest rates in the months ahead.

And even once borrowing costs peak, they are unlikely to fall quickly, she warns:

At the point when the Bank of England chooses to press pause, immediate cuts in interest rates aren’t expected. Inflation is still likely to be a threat, partly because of the ongoing fight for talent across the labour market.

Brexit is considered to have made this more acute, particularly for certain industries, such as healthcare. This has had a knock-on effect on another problem facing the economy – the high numbers of long-term sick, given that a lack of staff is likely to mean longer waits for treatment.

Some observations from Ed Conway.

https://twitter.com/EdConwaySky/status/1669013855752560644?ref_src=twsrc%5Etfw

The expectation of a significant correction in house prices seems to be growing daily.

Yeah,

Perhaps the most troubling bit in the article is the number of people who consider violence an appropriate response!

Having some odd ideas about stuff is one thing, but gosh...

Feels like everyone has lost the plot! lol.

Lols Tro :D

lols, still laughing.

When i looked in early this a.m it was all posts about conspiracy stuff lol, i had to double check i was on the right BB lol.

Incredible!

https://www.theguardian.com/society/2023/jun/13/quarter-in-uk-believe-covid-was-a-hoax-poll-on-conspiracy-theories-finds

Sounds like they found gas :)

Looking good :)

Yeah, i trade in and out quite a lot, guess you would say im quite impatient. Rarely mess with the big boys, its all Aimers. I hang onto things i like when all is well, but at the moment im eager to take profit once its on offer, just to keep things moving. I have a sort of "if you stand still for too long somethings going to drop on you" mentality.

I tend to find stocks i like, get to know them so i feel at home with the price movements / backstory etc, then do my best to buy low/sell high. PRD being a good example.

Then with others i just feel like they are a bit on the cheap side, like JSE, check the charts, take a punt, and get butchered with a placing a few days later lol :)

Everyday's a lesson :)

Tro, re diesel generators, not sure. i know the entire site is surrounded by electrical fencing now as part of the security upgrades they have undertaken, so they have power onsite at present, though not sure what form it takes.

The AGM is coming up and i think they require more headroom to increase share capital to get the Optical Sorter ordered, so i expect that will be on the agenda. As i say they will need some cash, but relative to the usual Gazillion£££ it takes to get a mine running from scratch, it isn't much.

Yeah Tro, i figured you knew what i ment re the SOUC ticker, mentioned it more so as not to confuse anyone else reading.

nom,

This from the URAH Purachse RNS:

The remaining 26% of the issued share capital of Adit and Venus are held by a Black Economic Empowerment ("BEE") compliant structure predominantly consisting of local employees and the local community.

Hi nom,

Yeah, agree with all you say re ZA etc.

From memory i think the other 25% of the mine is state (so Black) owned, but dont quote me on that, would have to check again.

It was a successful mine for many years, the emeralds they produced were well known around the world (Cobra Emeralds). Had its heyday in the 60s. Emeralds have been mined from the main Cobra pit since 1927!

Magnum (previous owner) had intended to refurbish the site and bring it back into production, but from what i gather they were something of a forced seller, and it turns out there is likely a lot more of the green gold still there than anyone expected.

By the way Tro, it was SOUC, not SEAC.

Got caught off guard by the JSE placing today so not all joy :)

Swings and roundabouts as they say.

Have been looking into this one, i have a small position, some notes incase of interest.

URA Holdings plc

74% owned emerald mine in Limpopo, South Africa, targeting production within 12 months. Mcap circa 4m

Came to market via SPAC, acquired disused mine from Magnum Mining, commissioned independent JORC report in Nov.

Maiden JORC resource (Inferred)- 29m carats of emeralds (10 year life of mine at full production)

Available resource gross value of around $270m (conservative)

+ a huge JORC exploration resource estimated at between 168 and 344 million carats, (several billion).

All open pit low cost extraction.

Historical drill data indicates even more potential at depth.

To date site has been largely refurbished, experienced mine manager already in place, security and infrastructure upgrades and remediation work to roads, power supply, water etc.

Some grading and sorting equipment required to get into production, primarily an optical sorter, for which cash will be required.

Required CapEx to get into limited production only expected to be around £1m, according to CEO interview.

Once into production, additional CapEx to achieve full production expected to be covered by revenue.

Management have significant holdings, board includes Edward Nealon formerly of Lexington Gold, Andrew Austin of Kistos/RockRose is an investor @2p.

Two additional mineral exploration licences in Zambia, (graphite, coltan, lithium, and rare earths) to be explored subsequently, focus solely on production at the emerald mine at present.

Yeah quite diversified at the moment, manageable positions if you get my drift.

And ye i got a few more SOUC yesterday, nice to get an immediate bounce :)

Pleased to see SOUC gapped up this morning.

MMAG having a good rise today after that pick up in volume yesterday afternoon, though i didnt get involved.

(just for nom) Have added a few MAFL sub 20p recently :)

Am staying retro with the smilies :)

Volume picked up into the afternoon on MMAG.

They have meandered down from the mid 40s to 15p at present. Trading update due soon.

Buying some SOUC in the 20's !

Kim Jong Un and Co, like this post.

Tro,

The licence to proceed (NCS-11) was being held back on political grounds.

A "surprise" national election has been called in Spain today.

Feijoo’s People’s Party are presently favourites, with Feijoo seen as more business friendly than the incumbent - Sanchez.

So this may account for the rise on the IBEX today.