Member Info for BlueGlow

Edited for brevity.

"Growth report indicates that production output fell in April, by 0.9%.

1.4% drop in manufacturing output, principally due to a 6.1% fall in production of basic pharmaceutical products and pharmaceutical preparations.

Pharmaceuticals had grown 7.6% in March, so clearly it’s a volatile part of the economy."

"Monthly construction output is estimated to have decreased by 1.4% in April, its third consecutive monthly fall.

New work (eg: building new houses) shrank by 1.9%, while repair and maintenance dropped by 0.8%).

Bad weather a factor, as was the squeeze on the property sector from high interest rates."

"Tom Pugh, the chief economist at audit, tax and consulting firm RSM UK, suggests the drop in growth in April is “a bump on the upward path”, rather than a return to stagnation.

Pugh explains:

Overall, today’s data reinforces our view that Q4 last year will represent the nadir of a particularly painful period of stagnation for the UK economy.

But Q1 represented a turning point.

The weakness in April is just a small bump in the road. Interest rate cuts are likely to come in the summer, growth should continue in the first half of this year, and pick up further after the summer and into 2025. Indeed, we’re expecting growth to average 0.3% q/q over the next year, a much stronger performance than the last five."

Tro,

Did you manage to get any HE1 close to 0.5?

I was having a nap lol, then didnt fancy 0.65.

( a nap as in a continuation of sleep from the night before, lol )

Hi FORD707,

Couple of points for you to dismiss.

Chariot O&G are not your enemy, neither are its shareholders.

Despite what some planks on here are telling you, if PRD are to prove up the sort of volumes we hope for, it is not to our disadvantage to be operating in an environment alongside other successful O&G operations. Quite the reverse!

LND,

So much for getting some cheap shares.

Check the price now, lol.

Market likes the news, or the MMs have thier monitors the wrong way up.

Tro,

TM1, they are taking there time whatever they are doing.

Was supposed to be a profitable operation years ago.

Hi FORD707,

"i will refrain from posting any cheap shots on there because karma"

So you are having to restrain yourself from going onto another BB to mock fellow PIs for losing money.

Dear oh dear.

Bit of a shakeup at Landore,

Placing for £3.683m

Cornerstone investor taking £1m ( Mota-Engil Group, Mcap €1.2bn ).

Two other HNW investors taking £1.315m.

Alexander Shaw appointed CEO. ( Also CEO of LGM - a subsidiary of Mota-Engil Group ).

Gold project, Canada. Proceeds to be used for drill programme.

Hey Tro,

Not yet, switched my alarm off and thought i would just have a few more minutes. Low CoS strategy.

Looks like CHAR may need a few quid shortly.

nom making me chuckle re EUA, lol.

Tro,

Agree with you entirely.

Perhaps we can turn a profit out of the situation ourselves.

Hey Tro,

Yeah.

I expect holders are rather angry!

0.5 doesn't feel like the product of competitive negotiation where every 0.01 counts.

O my goodness!

Just read the terms!

This level of discount is not conducive to a healthy equity market.

Holders repeatedly obliterated for remaining loyal to the project.

Gold price drops on strong U.S jobs data.

Employment growth exceeds expectations - early rate cut unlikely.

The Peoples Bank of China also paused its purchasing.

China has been driving demand as it seeks to diversify its reserves to protect against currency depreciation.

Other central banks have been buying due to heightened geopolitical tensions.

Gold - 3.53%

Other notable drops include:

Silver -6.95%

Copper -4.16%

Platinum -4.27%

Zinc -4.91%

"The rise in China’s inventories reflects what some analysts see as a divergence between the global mood on copper, which hit a record above $11,000 a ton last month on fears of a looming shortage, and poor demand from Chinese processors of the metal.

Recent trading suggests that weak Chinese conditions, which revolve around a slowing economy and a protracted crisis in the housing sector, have begun to weigh more heavily on the market. Prices on the London Metal Exchange are now below $10,000 — an unwinding of “excessive optimism,” according to Capital Economics Ltd."

https://www.mining.com/web/chinas-unusually-large-copper-stockpiles-fuel-demand-concerns/

Inflation forecast revised up, but a small rate cut of 25bps.

"This makes the ECB the first of the Big Three central banks to cut interest rates in the current cycle, and follows cuts by Canada yesterday, Sweden in May and Switzerland in March."

Thanks.

"Good tune for dark nightclubs and big sound systems"

I see what you mean :)

Hey nom,

Think you mistakenly posted a link from earlier today.

Im referring to your post at 17:38, which LSE won't allow me to reply to.

Only mentioning as i would like to know what the song is :)

Tro,

I wouldn't put cash in HE1 and wait for news, put it that way. The next Ops update may provide some clarity.

It doesn't help that their previous equity raises have been so badly administered. What were they thinking informing the market so far in advance!

If they can raise in small amounts, with each raise insentivised by some value accretive activity, the excess shares would be eagerly bought without much churn thereafter.

It becomes a problem when the raise is huge, the SP gets hammered and the churn goes on for months.

Tro,

Yeah, I posted earlier about Helix, would be good if it can hold above 20.8. Nicely setup then for news.

He1, 10th April: "Itumbula West-1 extended well test ("EWT") remains on track for early Q3 2024;"

Tro,

Thanks, a good article.

Both Energy and Metals having a bad week generally.