Member Info for MasterRSI

Coronavirus: UK expected to move to 'delay' phase
The government is set to announce on Thursday that it is stepping up its response to the coronavirus.

The UK is expected to move from the "containment" phase of the outbreak to "delay" at the government's emergency Cobra committee.

"Containment" aims to halt the spread of the disease but "delay" seeks to slow its progression.

It comes after the World Health Organization labelled the outbreak of the disease a pandemic.

Earlier, a cabinet minister, who the BBC is not naming, and health minister Edward Argar were confirmed as being in self-isolation after coming into contact with Conservative colleague Nadine Dorries, who has tested positive for the virus.
https://www.bbc.co.uk/news/uk-51845861

Ahead of tomorrow's Budget, BBC today has made a report ...
Budget 2020: Chancellor will promise 'record' infrastructure spend
https://www.bbc.co.uk/news/uk-politics-51823021

In south Africa is moving up fast
we are far behind yet. 5%

JBL 75.00 ZAC +10.00 +15.38%
JLP 3.55 +0.325 +10.1%

Uptrend is on for over 1 year

Tramline chart
https://uk.advfn.com/p.php?pid=chartscreenshot&u=mwO%2B%2FIa8hcXl2%2Fp2D%2BxVAlGg8vEKgEJUyFgQKDNsObo%3D

Metals are shooting UP as the Far East/Australia opens

GOLD +$22
Platinum +$4

With today's large rise JBL has gone ahead of JLP on the compare chart during the start of the Year

compare chart
https://tvc-invdn-com.akamaized.net/data/tvc_98afb7124bc7e88e68fa55cea841662c.png

In SA the shares have moved up much more than here 1.38%
JBL 74 D ZAC +5 (+7.25%)

The Intraday DOUBLE bottom is working so far
and slowly is getting into shape and into a spike with time

intraday chart
http://uk.advfn.com/p.php?pid=staticchart&s=L%5EKIE&width=590&height=400&p=0&t=1&cb=

All the way to 160p is the next target, not tomorrow or next week, once it breaks 150p
Chart with Indicators
https://tinyurl.com/uwgqrcf

News are due, the company said at the last update.....

.....The Company will confirm the implementation schedule for vanadium during Q1 2020.

re- Late marked up
17:07:57
3,150,000
@ 3.625

It seems there was a reason for the movement up at the end of the day, and reported 40 minutes later. The large trade 3.15m had to pay premium 3.625p, offer was at 3.60p at the time.

and gone to 2.70 offer at 16:28 ( 2.60p before)

I hope some trades or one comes along later as delayed otherwise it will be a lower offer at the opening tomorrow to discourage buyers like a couple of days ago.

5TH MARCH 2020 - BY: MARTIN CREAMER - CREAMER MEDIA EDITOR
JOHANNESBURG (miningweekly.com) – The production base for South Africa’s high-flying platinum group metals (PGMs) is still constrained and there are no quick ounces to fill the gap, Nedbank CIB market research mining analyst Arnold van Graan said on Thursday.

“We’ve seen a lot of shaft closures and we’re still seeing planned shaft closures as we speak, despite the high increase in PGM basket prices,” Van Graan told Mining Weekly.

Based on the available reserves in the orebodies, Van Graan sees the number of shafts falling to about 50 by 2025, from the 80 shafts, headgears and declines that existed in 2008, which points to a considerable drop in production.

The closures have removed the available PGM ounces needed to bring the platinum market closer to balance.

Instead, a deficit has risen which has seen the prices of palladium and rhodium spike to very high levels and platinum suffering a slight surplus.......
https://www.engineeringnews.co.za/article/pgms-production-still-constrained-with-no-quick-ounces-to-fill-gap-nedbank-2020-03-05

and about time the bid goes to 3.55p
The UP trend goes on this week

16.05p +1.54p
Breaking up from the recent bottom floor in the chart
chart
https://uk.advfn.com/p.php?pid=chartscreenshot&u=PKqYvVByq%20J4GsYmhAerEBxqLzkZj9qo7WKRsnhs0Mc=

Have a look at the chart as is motoring at the Nasdaq
intraday
https://uk.advfn.com/p.php?pid=staticchart&s=N%5EMREO&width=350&height=280&p=0&t=23

Finally, the offer has gone to 3.60p

Looking much better during the last 3 days
the First day unchanged and then 2 days of UP
Today's volume looking much appetizing being higher

http://uk.advfn.com/p.php?pid=staticchart&s=L%5EJOG&width=700&height=240&p=2&t=1&dm=2&vol=1&cb=

On the intraday bounce after 50% retrace
chart day retrace
https://uk.advfn.com/p.php?pid=chartscreenshot&u=CKmEH440HC1ZgSG6ZaY36%20fIgWOpVbx4FRj7QwANPXQ=

There a large buy somewhere as the bid has gone to 3.50p
so MMs have stop playing games for the moment being