Member Info for Tornadotony

None of us know what decisions institutional investors are making. What we do know is that the sell volume in August is whopping 1.5% of the entire share base. Daily volume average is around 2 M shares and quite a few have been buys. When the tape runs down the price on no volume suggests CFDs may be used a hedge fund or banks who trade stocks making a big deal of an $80 pull back on gold which is only $30 less than the $1936 average sell price in H1 as in the interim RNS.

Cowichan is exploiting poor sentiment which is rock bottom and enjoying stirring up the pot for some attention. The only reason is Cowichan wants huge amounts of really cheap Centamin shares.

It was getting so oversold and we got a similar reaction as yesterday perhaps with a down day, but not at the intra day lows.

Steve

The average Centamin share price was 106p on a gold sold price of $1794 per ounce if memory serves me correct. The average gold price sold in H1 was around $1934 per ounce.

The breakout price for spot on the gold channel is now $1908.

Finally Centamin costs are flat in comparison to last year. They have eliminated 16% or so of diesel usage for starters.

On Razors point Centamin trades at the same book value as October 2022.

Should mention that -20% figure is from 1 January this year.

Underperformance against US GDX ETF is -20% for Centamin which is growing production around 5%, replacing most of mined out reserves and is on course to maintain the AISC thanks to solar farm plant arriving with other efforts at $100M cost savings. Somehow they are 20% worse than everyone else weighted into that ETF. Centamin has been over done and has priced in gold at $1815 an ounce.

The reason why Shanta is a sit and hold share whatever the gold price wants to do. Can wake up one morning and this is 50% plus higher. Not many shares are in that kind of position in this market. Shanta probably has no debt at the current time.

Rebought the trading account sold.

1 minute chart has gold moving out of the channel.

We have got a bounce as it tries to move out of the down channel.

Top side of channel just tested at 1907 on the spot. With an hour and half to go I think we may just about close on 1900 gold.

The 1 hour descending gold spot channel continues and the bottom of the channel is now at $1896. This would put CEY onto the first key support line or a few tenths of a penny under. 88.1-88.3 is possible at the close. Drip torture by the hour.

Nickel prices are also following copper. Nickel lost the $20,000 handle this morning and has been following copper down for some weeks. We are now approaching major support lines and it is possible they could break. As to what impact it will have on HZM SP we shall then see.

Fulmar the copper price is still falling since I last wrote and we shall see if the USA market can stop the drop. If the soft landing is true then copper might hold the support lines, if it does not then whatever the chatter about recession the evidence is appearing that it is actually arriving and spreading outwards from China.

88.4, 87.8 and 87.3p This is the key battle zone to hold support.

The following support lines are at 83.7 and then around 81p. Probably do not come into play if $1890 gold holds.

Mr T

The elephant in the room are humans exhaling carbon dioxide. 7 billion people exhale 1.7 gigatons into the atmosphere equivalent to 7% of that amount released by fossil fuels each person released 2.3 pounds (0.66kg) of carbon a day. I am just waiting for the mayor of London to levy a baby tax and exhaled air tax for adults for impacting the climate by just breathing. They might have an extra tax for people who go out running and produce more carbon dioxide. Tony.

Another 4% drop in the copper price would signal a global recession being a possibility. China in trouble and the problem might be spreading to other markets. If we get downside here on HZM it would be due to this issue rather than anything specific to HZM.

If 1902 support line goes, I would not be surprised if CEY is reading 88.x

Still in continuation. Bottom of the channel now at 1900 spot gold.

China situation looks grim this morning. USA Bond interest rate is higher. Perhaps raises the possibility of whether China is selling more USA Treasuries.

The value of agreeing a deal with Samsung will reveal itself in the coming weeks. Nanoco will be one of the few shares that is not going to get bombed out when equity markets undergo a massive retreat. The shares are barely above cash held in the bank February 2024. Real problems are building up on forward indicators in equity markets and the gold price steadily falling mirrors events of previous equity crashes. China is in trouble, Asian markets are in trouble, Euroland and the UK are not far behind and USA will soon can not deny what is now unfolding over there. This company will have something that many other companies won't have next February and that is plenty of cash available and it will still be so after a special divi. Nanoco is likely to be a port in a storm and if the battle with Samsung was not resolved the company would be in a very difficult future position imop Tony

Hi Steve

I took some off on two positions, at 96.6p at a profit (ISA) and 91.66 (1/3 of the remaining holding at a very small loss) in trading account. The remainder I have left on for the longer term as investment. Positions taken off are acting as a short and those left cover upside if it happens. So I am covering positions in both directions. I have a lot of confidence in CEY and gold as we get well into Q4. I believe a rather serious recession is now unfolding in USA. A lot of pumping to buy equities is going on Bloomberg when people can earn far more on short term bond holdings.