Member Info for Urraca

Still £157million. The miracle is, it's taken this long for the bubble to start deflating.

Pilbara Lithium Projects (Ruth Well and Osborne JV). This update also includes information

from the Osborne JV tenement E47/3719, a joint venture (51% GRE: 49% ARV) held with

Artemis Resources Ltd (ASX: ARV). The Osborne JV sits to the east of the Company’s Ruth

Well Project (Figures 1 and 4).

Recent results from these latest rock chip samples have returned excellent lithium grades

of up to 2.36% Li2O in the western extension to the Osborne trend

This is going to drop hard tomorrow. Heavily shortened. According to InvestorACE

"As the pending assay results relate to the joint venture tenement, Artemis also thought it prudent to halt trading of its stock on the ASX."

ARV has exposure to the drilling results to be disclosed tomorrow.

Yes Jay, it's showing that price because of a late reported trade of 332,660 shares at 18.25p (£60.71k) from 5 past nine this morning. A sell at that price and time - maybe Earl of Aim cashing out? Well done if so. So it probably won't open at that price - the closing auction settled at 12.25, so, barring further news, I'd expect the opening auction to be around that.

Someone paid 22p a share for these just an hour ago. Ouch.

Zero trades following this news, it didn't exactly set the market alight.

Yes, wishing I'd sold up first thing to buy back in now.

Based on dividends, yes. But they may decide to pause or reduce dividends payments, to hoard cash. The last one represented a cut, so I expect there to be a dividend, but quite possibly reduced. Lets see what the CEO announces nextmonth.

Seems about right volume wise. Lets see what happens now the big selling is done.

Well the share price is rising while the oil price is falling, so maybe something is going on behind the scenes. Let's hope for a ore-Xmas pressie from Helge.

Although we would all like greater production, anyone with production at the moment is quids in. Bit surprised the market hasn't reflected that for LBE.

Are you on about WJG or THG? For WJG, there is and will continue to be a shortage of housing/accommodation in this country for a while at least, and probably much longer. The key question is how adroitly WJG can transition from the zero interest rate environment back to long term interest rate normalisation.

Can we sue the Government for inflicting this loss on us (if it crystallises)? Their reasons for sanctioning Evraz were pretty ropey.

Probably best to avoid AIM shares altogether Scarlet, if you have a low risk appetite. Nothing wrong with that - protecting your capital keeps you in the game. Drill focussed AIM O&G is high risk high reward. However, regardless of the outcome of the Velocette drill, LBE should provide capital growth if you're willing to stay invested for a few years, thanks to the JAPEX deal. IMO, of course.

Good to see it breaking 30 and holding.

Great. What price target have Stifel set?

What entry price are you hoping to achieve Terry?

Read the RNS Terry:

"For the year ended 31 December 2022, Longboat has estimated the profits to the Company associated with the Transaction to be £5.6 million. Going forward, the Transaction is expected to unlock material tax synergies within Longboat Norge associated with historic corporation tax losses which ceased to be refunded by the Norwegian government following tax changes implemented in 2022. Based on Longboat Norge's internal estimates, at current commodity price levels the Transaction is anticipated to reach payback in under two years."

JAPEx JV completion expected within the next fortnight too.