Member Info for Tornadotony

Bought remaining tranches back. Hopefully the first bought at 129.5p was the bottom. Bounce just might be happening after heavy China buying on iron ore.

Cowichan what inefficiencies. The job requires a lot of checking on other people making certain they are delivering on safety practices at the mine as being sustainable also means continuation of service. I have came across inefficiencies in the medical core when sailors and officers had to practice getting in a line and clicking heels to attention before an admiral inspection at our base so I know partly what you mean. In the civilian world however, some that I have came across can be very well organised and have a strength in logistics and were a calm head in a crisis. Some ex-military are not adaptable but some are. I therefore disagree that it is a given if the appointment was an inefficiency as so much depends on the intelligence of the individual concern and that earn respect than just command it. The promotion track record in the army also suggests good leadership skills. Tony

Solar farm will be paying its way back and helping Centamin with its AISC on a high oil price market. Progress either on a second wind farm or connection to the grid would give the company greater control on its mining costs. The advanced stripping has also been a case of repairing the roof when the sun was shining.

Interesting that commentators disagree on USA recession risks although they are avoiding it for Q3. Problems are building up in the USA economy. They are taking awhile to work through.

It will get a bounce at some point during the month. Having a daily RSI at just 21 is massively oversold. The decline is also on low volume. Holding fire on my last two tranche buy backs for now. The last 3 Octobers have been good for nickel stocks. Will it be 4 in a row.

Https://www.zerohedge.com/news/2023-09-05/warning-investors-are-buying-stocks-based-fake-jobs-numbers

Revisions could turn August into near minus territory.

Pound sterling has dropped 0.5% today with $1.255 to £1. It has dropped 1.33% over the last week or so. HZM priced in a devaluing UK currency is a tailwind for the share price.

Contrarian,

HZM has the option, to either grow organically or via a debt option that can be met on reliable forecast demands. Those demands can be evidenced on agreed future sales to link with the timescale of expansion growth on the second line. Major shareholders in HZM may be able to aid such forecasting if they want to as they may have accrued useful market data themselves. I therefore believe the quality bond that HZM would have is likely to be better than the debt model that has been used to create the first line of production. The bond holder has the greater confidence of the company having delivered on line 1. I therefore believe we can not assume what happens on junks bonds and high corporate debt risk ventures is the same on what may happen here. Tony

Https://www.newyorkfed.org/newsevents/news/research/2023/20230808

Looks manageable at present but could change with more FED hikes.

Hopefully it holds 16p and does not go back down to 8p again.

The performance thus far over 2022 has been over 7% year on year improvement on attributable growth in profit to shareholders. The exploration results on the Nugrus block that is adjacent to Sukari is awaited. The life of mine plan at Sukari will also be of interest. Grade improvement of gold mine was up 0.06g/tonne from Q1 to Q2.

I have a policy of not writing on boards that I have not invested in. Unfortunately on most boards on LSE we have individuals who own no shares, but feel they have some kind of duty to down ramp investment in particular stocks. I have put up with shed loads of it on the RBW board which eventually has gone up 100% in 4 months. All of the down rampers were invested in competitor companies. They still deliver garbage on that page despite brilliant news. I would only say it is important for us to do our own research and note who gets it right most of the time and reports unbiased facts like mentioning which investors increase in Centamin and only who reduced a particular position as an example.

Rough calculation- are the net profit earnings likely to be around 6.5p per share allowing for taxes and any debt repayments using current market prices? It would have the current PE rate just under 3.

It took 4.5 months for ST Micro to decide on phase 1 to proceed to phase 2. The agreement post validation was to be granted a minimal production run under the contract. If the validation failed spectacularly the news would have been delivered by now. If the validation needed tweeks ironed out then a second validation phase is perhaps being decided if that was the result. If the validation worked out fine a much bigger decision is being made on the next phase in testing the market. It would take a few months to arrive at that stage on the delivery side once the go ahead was made. ST Micro tends to make decisions in November and May throughout this project. The closer we get to November probably favours good news imop.

Heavily oversold on the daily RSI at 21.

87p area with gold spot at $1940 with Centamin on higher production than Q1 and Q2. Average price sold in those quarters was $1938 spot with SP average on 106p. This should be on 91p minima.

Https://www.zerohedge.com/markets/fed-fkery-back-seasonal-adjustments-turns-66bn-bank-deposit-outflow-41bn-inflow

In for a very interesting September and October.

Lessee

PA had to leave Energia in the end because he was not Spanish. He was replaced by a Spanish CEO after he left as the politicians wanted one of their own to deliver a mine producing a radioactive product. I guess if anything went wrong the politicians and police would know where all the relatives of the new CEO lived in Spain. Having a Brit in charge of such a company is like a UK tourist talking about Gibraltar in a mainland Spanish tapas bar frequented by locals. It would deeply unpopular and things might get very touchy.

I think its pointless referring back to Energia as having anything to do with Pensana.

Https://www.jdsupra.com/legalnews/africa-and-the-global-race-for-critical-8693767/

page long.

Https://www.sprottmoney.com/blog/cautiously-optimistic-gold-silver?utm_source=Zerohedge&utm_medium=Social&utm_campaign=blog_08-31-23

Good question. So much for the NFP numbers. The market is pricing in a pause, but the bond yields still went up. Wasted the short position with just 0.6p gain.

The gap in USA gold chart now closed and gold now moving up.