Member Info for BlueGlow

Https://www.theguardian.com/us-news/2022/oct/18/lithium-mining-nevada-boom-car-battery-us-climate-crisis

A picture of the evaporation ponds can be seen lower down the page.

"The mine draws its lithium via a network of 22 enormous ponds that hold briny liquid that has been pumped in from underground. The brine evaporates out vast expanses of salt as it bakes under the piercing Nevada sunshine, eventually separating the lithium within.The salt accretes to 10ft deep in places as the brine is cycled around through the ponds, becoming denser the further it goes."

Thanks Tro.

Do you see trades for UFO on cnbc?

Had a quick look at FAB, but they had a placing a short while ago so the potential overhang put me off.

Tro, is that poster still active on UFO, i cant remember his name, but you mentioned him to me as someone who knew his onions so to speak.

Am i correct in thinking UFO is largely a silver play?

The recent low and support is at around 8.25p

That's also where it opened at this morning. So bulls looking for it to hold and close above 8.25. Personally i wouldn't be surprised to see it dip a little lower tbh. However, the next obvious support is quite a drop.

The news isn't catastrophic by any stretch, its really a culmination of errors in delivery that has forced management to proceed at haste in order to meet certain licencing requirements.

They are due to drill again soon, which offers upside. However, the main target has been significantly downgraded in the recent Independent Technical Report from around 200m to around 20m of possible gas bearing sands. Still significant, but obviously less so.

Https://www.theguardian.com/business/2024/feb/19/bank-of-england-uk-recession-interest-rate-cuts-andy-haldane

Kim Jong Un observing his troops on parade, to the sound of the Bee Gees.

https://youtu.be/QbC6dLG_dQY?t=12

Morning Kenny.

Worth checking this from a former U.S President on Soviet cars.

https://youtu.be/mN3z3eSVG7A?t=20

Tro,

Yeah, that was my impression too, looking at the chart isolation.

HZM

Yeah, think you posted about them yesterday nom?

The preliminary results of the review indicate that the estimated capital required to complete the construction of Araguaia, commission the project and deliver first metal is approximately US$454 million. As a result, the Estimate at Completion ("EAC") currently stands at US$1,004 million, approximately 87% higher than the previously disclosed capex budget.

Tro, check my post below yours for why PRD is tanking.

Are you familiar with KIST?

AXL, always impressed by these guys.

Only skimmed through but looks a nice RNS. However, the SP has already run up a fair bit so the RSI is fairly hot and the stock does have a tendency to sell off shortly after news lands.

PRD, phase 1 of the rigless testing programme has failed due to formation damage in the wellbore.

Conventional perforating guns used - couldn't penetrate. Phase 2 to use sandjet, which is expected to overcome the issue. Expected perhaps being the important word there.

Likely to crash hard on that news, expectation has been through the roof over the last few weeks.

Update from KIST,

SP looks cheap, not a stock im especially familiar with?

Given the situation, perhaps the most pressing question is where does Kier intend to save cash from in order to address his long to-do list.

I keep hearing about growth rather than savings measures, but growth is slow and the demands urgent.

M.O seems to be dont spook the electorate before the GE.

Ibizza28,

The answer is we do not know.

For instance, everything written on the subject over the weekend has been conjecture. Completely harmless if viewed in its proper context, but probably not the basis for reasonable expectation imo.

There are many reasons why the testing schedule may be altered, if indeed it has been, that are not necessarily positive.

So i wouldn't get too caught up with Chinese whispers suggesting one thing or another.

The thing i dont understand is how is this GB-ISA differs from the regular ISA, other than being more limited. Would the GB-ISA allowance be in addition to, or instead of.

They could downgrade the regular ISA to a GB-ISA, to try to funnel more cash into homegrown stocks.

Re PINE

https://theoakbloke.substack.com/p/introducing-pinewood-technologies?utm_source=profile&utm_medium=reader2

Tro, thanks, just having a read about JAY, not bashing it at all, was just surprised as hadn't noticed the SP drop.

All your posts are top-notch.

Although, yeah i was kind of concerned about your enthusiasm (possibly being overexposed) re HE1 lol.

Speaking of HE1, they should be due some news shortly?

Re JAY.

Just reading the placing RNS from Jan.

https://www.lse.co.uk/rns/JAY/bluejay-raises-19416312-million-qe2kve3zo8u4146.html

They mention boosting shareholder value a LOT.

Sometimes the JV partner gets involved, then doesn't actually do very much, a bit like CGNR.

Re JAY

Gosh, long term holders not having fun with that one! What happened?

WSBN.

Looks to have broken the downtrend, now above the 50-day line. Could do with closing above 1.4p

Targets around 1.85 possibly.

Re KOD

Thanks Tro, yea it looks like its due a bounce of some sort, even if only up to 0.35 or so.

Previously updated the market on December the 22nd, so due some news. Don't know, it may require that news in order to reverse course. What does CNBC say? Volume isn't anything special yet.