Member Info for Tornadotony

Did not count on Jackson hole Powell going for more rate hikes. Bought a tranche of what I sold at 157p back at 135p,but have another tranche to get back which is now in average down territory, yummy. Keep plugging your CFD short Contrarian. More than a dead cat bounce will be in play once into September. You do know what happened to nickel prices in September and October for the last 3 years. If it happens again it will barbecued contrarian shorts and my advanced order is for it to be well done. Tony

Opened a hedged short against on-going long position just under 90p. Keeping a lot for divi and whatever comes next when Powell crashes the economy.

RSI on daily at 17 with slow stochastics on zero. Seller running out of ammunition. These technical favour HZM to have a rally. It is massively oversold whoever is playing it. Short squeeze time approaching.

Clearly manipulated on CFD shorts and we have a good idea who wants to give us cheaper shares. The volume on real shares buy and sells is minimal.

Should know in the next 3 hours if we have a new down channel or not on the half hourly. If we have then expect a return to the 80's on SP.

The FEED was done in two phases. The first phase formulated the components and work plans, but a second phase went into much higher detail last autumn regarding the mine. However ,the original FEED and detailed FEED had to be modified again to scale down the project and readapt to a modulated phase development route. The original FEED and detailed was not all wasted. The sulphate production step for the ore has been omitted and the original MRES pilot work on the carbonate reintroduced.

This change has arisen as to raise $120-140M from the banks with around $80M put in by the largest shareholder. The experts in prefabrication and delivering the modulated construction do not have a blank sheet of paper. They can readapt all the FEED work and rework only those parts that are relevant in the new construction pathway on a far quicker timescale.

Overall nobody was willing to take a $500M market risk on both projects. It was seen as being so big that it could fail. The company is now trying the PEAK approach of one step at a time. PEAK have decided that any refinery in Teeside was not going to happen. they plan to use profits to build a refinery later in Tanzania. It may end up Angola goes the same way if the UK is not prepared to take more upfront risk.

Everybody is quick to say the current route was the only possible way it could all be done. The higher interest rates, Covid-19 aftermath, Ukraine war, higher inflation and general ineptitude to progress climate protection technologies have all been apart in forcing these changes on the company. The problem with the slow sequential path to development is that China can still mess things up in the market place and of course the world may face more climatic changes and be far more dependent on oil and fossil fuels for far longer. The sequential route is also more costly and it has different disadvantages when compared to what was proposed at Saltend. Incidentally this issue was debated at length back in November 2020 and many investors at that time supported the risk Pensana management chose to do.

Tibbs

I recall the Egyptian Government were helpful in the provision of dynamite for controlled explosions and when troops gave security at the mine when it was needed. So not true that Egyptian Government did nothing. Tony

Contrarian stop being repetitive and going to war with everyone who has a different view. If you carry on like this it convinces everyone that you have shorted HZM with CFDs. The mask has slipped on perhaps what your own agenda is. I have built up a significant free carry on HZM and quite happy to let it run for two to three years. A new business cycle may well emerge around that time. On Squawk box yesterday a GS analyst I think said that a share like Apple can fall 30% very fast when the market has a big sell off and that essentially very good stocks are hit with margin calls because of what is happening in the market and the need for liquidity. Of course other pundits disagreed as they plough more money into IA stocks. You and I and everybody else does not have a crystal ball and can predict exactly what will unfold. The chart on HZM has not quite held and continues to drift down a bit. Eventually it will find buying interest.

If the Egyptian Government/Central bank was running off with with $80M odd Centamin monies we would have every Centamin analyst all over it like the measles.

Cowichan

Have you looked at previous annual reports. In 2018 the figures on receivables were similar. The June interim report has a difference of some $16M at that time. I other words the accounts have always had an exchange going on between the two entities. Tony

In the meantime...

https://www.mining.com/web/peak-rare-earth-signs-offtake-deal-with-chinas-shenghe-resources/

7 years of rare earth supply from Tanzania go to China. Earlier in the year the President of Tanzania got the red carpet treatment on a Chinese state visit. What does take for people to wake up and see what is happening.

All of us who invested here hoped that the UK would regard the wisdom of having its own rare earth refinery which incidentally could have been a back up to Estonia plant keeping a supply chain closer to home.

As for the LJ update the best team has been put together with a track record to satisfy those who are putting up the money.

Hopefully the company will update on what the plans at the Saltend refinery are likely to be.

The chart is suggesting a much slower rate of descent. Nickel prices have also levelled off. A case of awaiting confirmation of a bottom in prices being delivered. The business cycle is going for a low during Q4 across the board in many sectors. A case of buying in slices rather than putting a big buy all in one go. Uncertain if HZM is regarded as a haven or is one of the babies to be thrown out with the bath water.

I am just using the green filter to avoid reading repetition.

Biden's speech in Maui has probably ended any Democrat in supporting him to run as President in 2024 with any luck He has offended the people of Maui and Hawaii. He has probably lost any remaining respect he may have held within his party across all the other States . It is a significant moment of disgrace that he thought that the loss of so much life was something to joke about. Whatever disgrace was already arising at the office of presidency has sunk to a new depth. The American election has two political parties with individuals probably unfit to serve in that role.

The dollar deserves to sink tonight as the country is served at the top with those who have no brain and no shame. What has happened is worse than a drunk businessmen who buys a blind horse.

In the meantime the USA consumers have drawn down $1.8 Trillion in savings over the last year and another $300B getting pulled is apparently the start of trouble (two months away) in the USA banking system. At the moment eyes are on China and Russian banks on what is happening, but EU banks, UK and USA are not far behind.

I respect in the last sentence in para 1

Hi Eloro,

In the past you made a loss in this stock and sold out. As a general rule I rarely if ever go back to a stock that I have sold out on a loss. I have never considered it my duty to advertise a past mistake I made to others. Everybody is entitled to make their own decisions on their own money. Folks on the LSE Boards also do not take to kindly on someone who may have taken a position at a high market price and goes to town on people who buy the share when it is at all time lows. A lot of people respect on LSE have thanked me for exercising that etiquette.

As for my current position on Pensana, I have used gains on other parts of the portfolio to reduce the position just as gains in the past in Pensana were sometimes traded off back in 2020 to contribute on a recovery of other stock positions. It is a case of moderating my own risk in the light of so many changes in the climate protection agenda. I except the risks I take and do take the occasional loss, but have made more with good investment gains.

I believe the entire Board has been active in trying to get funding. I read the NEO RNS this morning and it was interesting the use the FEED model in their managing technique. Everyone knows Paul Atherley juices up the story as he is not just a Chairman, but a major shareholder in the company as well. It is naïve not to read the forward looking statements and all the risks Pensana openly publish in their documents.

Https://investingnews.com/rare-earths-forecast/

Centamin pull back is in line with ETF activity and the extreme selling of UK listed precious metal miners. Many of them have fallen to levels of fire sale valuations of the value of ore they have in the ground and not recognising they have a functional mine. The distortion on the miners was placing the gold price somewhere around $1750 per ounce. The miners have been oversold to absurd levels. This is probably hedge funds trying to tree shake out private investor positions.

Next week Centamin holders should qualify for a 1.5p dividend. We may need to endure some volatility in the coming weeks. At some point, the extreme levels of fiscal spending in USA government and debt issuance will be a concern as already expressed by Fitch in which the USA government and wall street is currently in denial. Eventually the only buyer of USA Treasuries of long duration may be the FED. A statement from BRICs can be expected during the week.

Mine build not mind! autocorrect in a mispell.