Member Info for BlueGlow

Morning Tro.

Yeah, once it goes its often a bad sign, as you know.

Best to remain mobile with these sort of stocks, no use dropping anchor in a storm.

Sold at 1.7 and looking to catch a dip now.

With support going, and reflecting on what Trek said, i figured more likely down than up.

Have you got any gems in your headlights?

Im keen on DELT in due course, and have been buying some DEC. Picked up some CHAR thinking the presentation might give it a boost, but it didnt budge so out again lol.

Trek,

Peter House not on your Christmas card list i gather :)

Do you see a motive behind todays RNS, it certainly didnt feel necessary to me.

Am cognisant of the need for cash, but would have expected some kind of pump in advance.

The drop below support at around 1.85 is troubling me.

Thanks for sharing your thoughts in detail.

Mick, Tro.

Thought the price would recover this afternoon, got that totaly wrong.

Preliminary readings sound ok to me.

They always need cash, but thats just an ongoing issue.

Dropped just below support on the chart.

Tro, mick,

Nothing in either RNS to prompt me to sell, odd reaction imo, perhaps just impatience.

Microsalt Tro.

Sounds promising.

Recent IPO, they usually just crash for a few months before a huge placing lol. This actually went up!

10ml of liquid presently cost £1 at various high street outlets.

10ml containing in excess of 11mg of nicotine per ml is going to have £3 duty added!

Gov creating its own mini cost of living crisis.

Expect black market to boom!

An extra £5000 allowance for UK assets, on top of usual allowances. Designed to combat the decline of the London market.

A spokesperson for Interactive investor notes:

"UK stock markets have underperformed their rivals in the US, Europe and elsewhere since Brexit. International investors have shunned the FTSE 100 amid concerns about increased perceived risk and weaker prospects for the UK economy.

The Treasury’s goal with this announcement is to try and drum up support for UK markets which are in the doldrums. Along with Brexit, the so-called Jurassic Park FTSE 100 has suffered from a heavy lack of exciting new tech success stories, in stark contrast to US markets where tech giants from Silicon Valley have largely been responsible for the major outperformance stateside."

Yeah,

When met was on a high, it was obviously looking great, but a global slump would likely see met drop below $205. So its risky until the global economic picture looks more rosy.

If met prices increase they can truck it out in addition to the trains, but this hits margins so the price needs to be sustainably higher to make this viable.

When the trains have to be serviced, or there are issues with the line, BC just have to suck it up and wait.

Former CEO Adam Wilson has stepped aside, which is likely why the price has tanked recently.

Tro,

Sorry about the late reply.

They can't increase production as they are limited by the size of the wash plant and the storage capacity of the site.

The other option would be to ship more to Integrity, their off-take partner, rather than store.

However, they are limited by the number of trains Norfolk Southern provide each month. NS is entirely independent of BC, services multiple mines, and has no interest in increasing the number of trains it provides. Ideally NS send 7 or so trains per month allowing BC to ship up to 70,000/80,000 tons per month. Frequently they dont send as many, and BC have to limit production accordingly.

The whole operation is perfectly viable as long as met-coal prices remain above around $205, but they can't make further savings by scaling up due to storage constraints and ability to ship. Effectively, they are now at peak production, margins only now increase with the price of met.

If met goes below $205 for a sustained period, its likely BC would go bust, so it's a straight play on met coal prices.

Yeah, good deal for CEG.

Expect a long wait though, AIM hates waiting.

ECO also with a deal today:

Eco will also receive a full carry of its 6.25% retained share of all JV costs, up to a cap, repayable to TotalEnergies and QatarEnergy from production, which is expected to be adequate to fund the Company's share of drilling for up to two wells on the licence.

Tro,

Havent read or watched the link. However.

They are at full production, no plans to expand further due to physical on-site constraints. They cant store anymore coal, and they are limited to how much they can sell by the frequency of the trains they rely on to transport the stuff off-site.

If they are borrowing money, now all remedial work is complete and with full production achieved (two high-wall miners in operation) then somethings wrong.

GB news is quite effective imo.

Their MO is not conservative victory, but rather the rise of a more right wing agenda.

They scored double digits in recent by-elections via their political mule, Reform UK.

Polling better than the LIB Dems.

As for talk TV, i think Piers went online a while ago wih his segment, and the only reason to watch TalkTV is for the interviews he conducts.

I didnt see the speech, when i put it on it was Galloways fan club shouting at the Sky reporter, felt rather sorry for the guy.

These people aren't doing the palestinian cause any favours imo. The protestors are just using the same arguments as Trump, everything's fake news if it doesn't fit their agenda. Extremists everywhere.

Tro, if im watching the same thing as you, the reporter is getting heavily barracked.

I have an idea that they are main market Tro,

They dont seem to have achieved anything since listing!

Last time i checked they still hadnt sold any coal. They aren't having to mine it, you can shovel it up theres so much.

IQAI moving up too. Not much volume, but volume there is rare, all buys so far it would appear.

HH88,

Unfortunately Brexit happened, so you can't leave - unless you can buy your way out.

Its a Trap! lol.

Very serious allegations of election interference from Richard Tice of Reform -UK.

https://www.youtube.com/watch?v=UbDhNieGR1A

https://www.youtube.com/watch?v=UbDhNieGR1A

George, giving his victory speech, and not pulling his punches.

https://www.youtube.com/watch?v=WgCb4FlKGEo

Morning mick, not a fan then? lol.