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Viera

Would you be prepared to expand on your post regarding the valuation of Satoshipay. You have stuck with BLU for many years now and have had close contact with the management to help sort out some corporate issues in the past. I am sure the bb would appreciate your views regarding how successful you think the board’s attempts to value the 2 major assets will be and the likely valuations.

Redeyemines

I agree with your comments about WOS. In fact he should be renamed Deramping Pigeon as for some reason he chooses to use pigeon English as his posting style. As you say we are all well aware of the delisting comment and Tang’s form with delisting, but to keep banging on about it is clearly Deramping.

It will be interesting to see whether Mark White comments on his disposal. One possible explanation as we approach the end of a tax year would be to crystallise the large loss he has on this investment to set against gains elsewhere. Once he has been out for the required 1 month (I think) he could then buy back in.

As he has always been to Jim Mellon's show in the past it suggests a deal may be close and he would not be allowed to say anything as it could be market sensitive. Jim has always mentioned Condor in his speech in the past usually in connection with him being a gold bul, which he continues to be in other recent interviews.

Gold has moved back above 2000 today which should be good for sentiment as it was the fall in gold which seemed to halt the recent rise. The bear market in gold equities large and small should start to turn this year and it is that bear market which has given CNR a very difficult market in which to effect a sale. The conditions to effect a sale are improving by the day.

James Knight has just increased his holding in TEK from 5.56% to 7.03%. A serious vote of confidence following the previous one a few days ago.

TEK companies prominent on the Leaderboard this morning:

3 SALT Up17.65% at £1

6 BELL Up 11.62% at 24p

9 TEK Up 8.93% at 15.25p

Guidant isn’t listed so we can’t put a price on it but today’s news is very significant and will undoubtedly have put a decent percentage gain on the value of Guidant.

The future looks very bright for TEK and its rerate has along way to go to properly value its portfolio and reduce the massive discount to NAV.

That should be TEK at 15.75p

SALT now Up 28% at 109p. TEK starting to respond Up 12.5% at 15.25%. The Guidant news is also very positive.

SALT Up 21% to 103.5p. The TEK sp should respond very positively to this.

If you want to be exposed to SALT it better to buy TEK as you are buying SALT at a good discount because TEK’s 77% of SALT is valued at more than TEK’s total Market Cap by some margin. All the other investments are in for free.

Perhaps useful for some to remind themselves of the RNS on 29th January, which inter alia mentions FID as summarised by the CEO:

“ Adonis Pouroulis, CEO of Chariot commented: "We enter the new year with multiple important catalysts for the Group over the coming months. In kickstarting the drilling campaign at the Loukos licence we are focused on unlocking an overlooked onshore basin that has near term production potential with immediate access to industrial markets. Importantly this asset also has a growing portfolio of follow-on opportunities which give meaningful scale and value to the project, at a time when industrial gas demand and associated gas pricing is at an unprecedented high. Drilling at Anchois later in the year will be a key milestone in determining the possibility to scale up this development and we are working closely and constructively with our new partners Energean in preparing all the workstreams necessary to permit a Final Investment Decision post-drilling as soon as feasible. We thank ONHYM and the Ministry of Transitional Energy and Sustainable Development for their continued support for the transaction and look forward to confirming Energean on to the project shortly.”

The reason for the small decrease in sp today is due to the gold price falling slightly below 2000 for the first time in a while due to news from the USA. Yesterday most gold stocks of all sizes were Up 2-3 % including Newmont but today they have all given up those gains as we may be slightly further away from a rate drop. Normal service will resume because the rate drop will come.

It is top of the Leaderboard Up 28.9%

Currently on the Leaderboard

1 SALT Up 28.15%

17 TEK Up 8.7%

21 BELL Up7.5%

31 TMTA Up 5.41 %

It is obviously pleasing that yesterdays strong rise is being built upon but it is disappointing that TEK is not doing better in these circumstances and starting to close the massive discount to NAV.

I just put in a buy order on II for 10000 shares and it couldn’t provide a live quote. II were happy to take shares from me offering a live price. We could be in for an interesting afternoon.

The largest trade of the day so far was 78800 at 26.50p which is above full offer of 26p.

CNR Up 3.19% from just 3 trades with the 2 buys at 25p.

TEK now Top of the Leaderboard

TEK rising quickly this morning currently Up 15.78% at 11p.Lets hope sanity is finally returning.