Member Info for BlueGlow

Morning mick.

I expected a drop yesterday, so when the price rose first thing i sold, was close to buying back at the close after the drop but didnt. Lucky escape!

DELT, farm-out with Dana - What should equate to a free carry on a Q3 drill. Good news as concern existed over their ability pay their share of costs (big raise), now split three ways - DELT retain a 25% interest.

REDX, sounds interesting, SP rather low too.

Yet Nat-Gas is very cheap at the moment.

Look at the 25-year chart, its only very briefly been cheaper than it is now on two or three occasions.

Tro, glad you made a good chuck :)

MMs dont seem to mind taking volume - when they give a price that is.

Trek,

Agree. NT on bid AND ask more often than not, yet huge volume, they are supposed to make a market, not constrict it lol.

Have a core now, trading a few too.

Dont know why peeps are selling though?

Tro :)

When do you intend to take your seat in the Den ?

New listing today, Microsalt. (SALT)

The oakbloke:

https://theoakbloke.substack.com/p/microsalt-ipo-part-deux-and-2-mysteries?utm_campaign=post&utm_medium=web

MMAG down again, Im not au fait with the company, but instinct suggests there should be a decent business there if managed correctly.

They operate in the U.S also, big market!

Skim read the RNS, just sounded like confirmation of a previously announced deal.

Up 50% on mid-morning RNS.

Was a little tongue in cheek nom :)

CB is Mr. Copper

Given the SP has been rising it may test resistance on that bit of news.

Hold the front page!

Colin Bird has found some copper :)

https://www.lse.co.uk/rns/GLR/new-targets-defined-on-pl0392018-and-pl0402018-0wfkiwo7867uojs.html

GLR: Resistance at 1.3p

https://youtu.be/Hg6Bc_iGs-k?t=300

Brief overview:

https://commonslibrary.parliament.uk/research-briefings/cbp-9953/

Opinions:

https://www.bloomberg.com/news/articles/2024-01-31/investec-predicts-south-africa-m-a-revival-as-economy-recovers

https://www.bbc.co.uk/news/world-africa-67576270

"Chris Pappas, 32, of the opposition Democratic Alliance, set about tackling corruption. Within a year his administration had balanced the books. Mayor Pappas knows that fighting back against the crooks is a potentially risky endeavour."

Possible future leader of the DA - Chris Pappas?

https://youtu.be/b7Hn6l95Dbs?t=50

Situation in Israel on some voters minds:

https://www.aljazeera.com/features/2023/11/9/dream-or-mirage-can-south-africas-white-led-opposition-win-in-2024

With reference to the DA party -

“In terms of service delivery, they do a lot for the city of Cape Town and are very efficient but I cannot vote for a party that is supporting what is happening in Israel; innocent children are dying.”

Lols Kenny,

They must have been up all night talking!

Trek,

Some news from DEST of XF-73, just in case you hadnt noticed the RNS.

Nothing to report :)

(SYM)

RNS due in the morning re possible compensation from the EU.

Recently released ITR if of interest:

https://wp-predatoroilandgas-2020.s3.eu-west-2.amazonaws.com/media/2024/01/Guercif_-ITR_20240124.pdf

Trek highlighted the regs issues in Ireland and Trin, i agree, but for now i dont see either of these projects having much impact on the SP, unless its a surprise to the upside.

Ireland is firmly in bonus territory. Eamon Ryan (Greens) is the minister with oversight, until he departs there is unlikely to be any meaningful progress on Corrib - which is why i posted the development the other day as it was rather surprising.

Noticed EOG got an extension for Inishkea, so perhaps Minister Ryan is being pushed to act?

But yeah, lots of hoops to jump through, Shell backed out of a deal in Ireland recently due to the government mishandling.

Similarly, Trinidad is really only a side-show at present. The main play is Morocco, and the SP hinges on success or failure there.

Yeah the volatility is crazy.

I know what you mean, its quite taxing watching the movement.

Yeah true :)

What a rise its been!

Have you sold most of them now? Or hanging onto a few?

Pondering where support might come in if it drops back a little.