Member Info for Tornadotony

The above is what we are getting here. You have a new heading.

Extracted what I added on the average down and written off the rest as a CGT asset. What little I had in the ISA was hedged in case it went to zero. You win some and lose some. Publican was right on this one as the company have made a right hash of it. They could not share the figure they needed to completion with us. Suspension is likely to happen next month. So much hope in August has come to nothing.

After 3 trading days it has managed not to do the usual retreat. Instead we hopefully have got the start of a consolidation.

Hi Pam

I think your right. Have you put a lot on this pony to win. I once got a racing tip in a bar from a jockey. It came in 16 to 1, but I only had a tenner on it.

Tony

Now down to 46 neutral area. It was in the high 50's a few days ago. 5 Hourly on 26 an oversold. Slow stochastics on zero for both. As for Centamin it has been contained in the falling wedge. At some point the wedge converges and I will provide a calculated date over the weekend.

Alert from previous chart history we have had big up days like this before. In the last 7 occasions the share retreated the day afterwards on 5 occasions and on two other occasions it retreated 2 days later. The past is not a guide for the future, but just in case folks are piling in late in the day. Resistance at 17p is very difficult to break.

Https://www.gainesvillecoins.com/blog/pboc-in-hurry-to-buy-gold-covertly

That did not last long as we get slammed down with gold again.

Breaks out of falling wedge again. Will it pull away this time. Again it needs to close above 88p and for it to hold as new support.

Another 13p lopped off the average.

At least a penny rise to hit lowest valuation with Techmet input.

Https://www.investtech.com/main/market.php?CompanyID=44102705

Shanta Gold chart. Gold RSI on the shorter term is oversold , however on the daily and weekly it has retreated from overbought. The slow stochastics on gold hit zero on the daily chart today. It can remain there for several days. The conflict in Gaza created an overbought condition on gold. The pullback is healthy and supports a gold rally next month that may end up creating a new high in gold USD price. The sentiment low in gold on Elliott wave was mid-to late November on the 340 day cycle chart. The bounce higher can be 20-25% from wherever the bottom in gold is placed. The current pullback is building energy for the future rally imop.

Weekly chart tells us that the breakout on the falling wedge is false if 84.7p does not hold. The position returns back into the falling wedge. The daily has lost 85.7p currently and needs to regains it by the close otherwise it is a false breakout from the falling wedge and remains within it. At some point this month Centamin does rally. The breakout on the daily was held on Monday. Gold 5 hourly was approaching oversold this morning, but the daily and weekly were not oversold.

You can always find some people to urinate on a parade. If they won the lottery they would moan had they had to share it with a few other people.

The chances of the second european company going forward on developments is most likely to occur soon. Every chance the runcorn factory will become operational with contracts. Success breeds more success. We will soon get a great dividend in February or March.

Good RNS on product development. Will soon see if market agree.

Relates to graphite but as night follows day.

https://www.zerohedge.com/technology/chinas-strategic-export-control-upends-rare-earth-markets

Https://tanzlii.org/akn/tz/judgment/tzhc/2020/2287/eng@2020-08-31

I may have got the dates wrong in the previous. All the cases involving Shanta are on the attached.

Union representatives of Shanta staff who were retrenched in 2017 gave evidence in the Tanzanian Courts a few months ago. Shanta Gold as the respondent provided affidavits that proved that withholding and delaying repayment of VAT impacted the company in that mining practices had to change and different skill sets were needed in order to continue its business and retrenchment of staff at that time was necessary. The judge found that staff at Shanta were treated as fairly as they could under the circumstances and it was acknowledge in the court papers that the policy on VAT had harmed the company financially and the accounts had confirmed it as such. The judge found in favour of the respondent Shanta Gold. The details have been made available on the public records of completed cases.

Hopefully planned hearings are going ahead on the current VAT situation remaining. I hope the TRA can agree a 3 year or so off set of VAT owed against corporation taxes so that Tanzania still gets the income from Shanta that it earned in say 2020-2022 yet the extra production tax due is used as the off set solution. We await to see if that kind of resolution can be found.

If we go back to preceding days, as the price fell it encouraged more existing holders to add and average down positions substantially for a very low outlay. This was classic rope a dope resilience from holders buying. The average downs from 10% add on risk were taking off 50% on previous positions for breakeven on share holdings for smaller investors. The traders jumped on the bandwagon and as they got passed 25% or near to it traded out.

What everyone now is aware of is that 16-17p attracts stronger support both from additional buying of existing holders plus traders acting on the momentum afterwards. The ship is tight like a camels backside in a sand storm from within HZM and I do not believe the gossip repeated here. We have a week or so to go. Any pullback to 16-17p area is likely to be bought again early next week. The short brigade only have a few pence to play with.

Enjoy the weekend.

Tony