Member Info for Tornadotony

Gaps do not have to be filled if created by an RNS. Any gap without an RNS is open to back fill. This is a general rule applied to chart gaps.

Yesterday evidence was provided that the company enterprise value on earnings was equivalent to 1.2p with all the debt repayments. The current net rerating is currently just 0.6p on that news. Hopefully the seller will get cleared out soon. I can not understand somebody selling a stock 70% undervalued already and will earn its entire enterprise value in two years as money in the bank with reserves increasing over mined out resources by 350-550% as a minima. Somebody out there still apparently wants to sell this stock.

Smashed down again. Company making $800 an ounce and the share price goes down. We never seem to get a fair valuation. The company is not getting credit for getting out of debt with the VAT repayment and money earned so far in July they will have achieved that target.

They start and end 1 year later virtually all in the same place.

When it fails, I hope it is a case of selling off the 5.2% stake in the company rather than continuing with the dispute. The Board make a key point. If they want the company, buy half of it and take it over properly then trying to get it on the cheap. I have had enough of how a lot of dead cats and garbage is thrown on the table to effectively steal the company and the Samsung money. We were not born yesterday and I hope many here give support to the company whatever the disappointment we had back in February. I hope the company offers a proxy voting system for those who can not attend. The company has to deliver a lot later on and next year and investor relations with PIs must improve and that is a message they do need to take on board. Tony

Got rid of most of the overbought signals to create a lot of oversold. Needs to rally back up from here to re-establish 24p as a support. Volume back to modest levels.

The slide showing the value when the company just had one mine with far lower production when it was previously valued at 13p. It makes no sense whatsoever that we are valued 18% or so less when profitability and production is over 30% higher then it was two years ago. AISC per ounce is way down on last year. I gather the company is talking to institutional investors next month to point out the obvious. On top of that discussions are on-going to claw back VAT repayments owed against a future reduced tax take enabled by the increased production.

One of the presentation clearly suggests 18p without West Kenya which Eric said today's value is probably another $100M which puts Shanta on 25p. From the off Shanta is under valued. Current share price is a bargain.

SP and other readers,

Regarding Brazil MOU,

The financials fundamentals for the future look good, but that is all that could be said under the terms of the current agreement. 50/50 on costs for the Toronto based lab work. Expecting rare earth resources to be as good or better than on-going SA project. The equipment used in the pilot plant can of course be used on studies of material shipped over from Brazil so that piloting can be accelerated in comparison to previous work timetables in getting to the pilot plant phase.

Rainbow Rare is the only company working in more than one geographical location. All other companies in the rare earth space have just one National source for ore.

Just to comment the Morocco stacks are lower in rare earth oxide concentration so the Brazil work has priority. They have more knowledge on what kind of gypsum stacks would qualify to be used by their techniques which is dependent on the nature of source material acquired in the previous mining.

Excellent presentation. Just sit and hold for this share to go up in multiples on the current share price.

Tony

Well Shanta Gold have produced tremendous results this morning and I can only hope Centamin does likewise soon. Shanta was my number one stock in my portfolio and I think it has now come good. Rainbow Rare was number 3 and has taken off and it leaves Centamin that I have in second place for the hat trick. All the best Tony

Fantastic results. Should be debt free next quarter. Over 29,000 ounces. Enterprise value increase is around 0.75p per share in the last quarter alone. Should be on 12.5p by lunch time at least. Target 17p as gold price increases. It is crazy to be priced at 9.7p on the sell. Well done Eric and all the team.

Centamin is underperforming gold ETFs. Should be on 97p since the ETFs started rallying. In the recent past CEY was usually outperforming the ETFs.

Some people just write messages on here to provoke people and some write things to off-set some of the comments placed on here. First of all most people investing here know the risks of pre-funding and it is not to similar to an oil explorer either hitting a dry well or finding resources. The result is binary and sometimes getting funding has a cost and the return for an investor is delayed much longer just as the cost of getting out a new resource may not be as economic as hoped for. Having folks lecture on the risk being to high is tedious as everyone has their opinion on it and manage expectations accordingly.

For those making comparisons with 2020 it is important to note the share register was 185M back then and say 275M today. For those saying the staged mining has dropped out sulphation costing, I see little evidence of it in the recent RNS, but they appear to be losing a year in time to harmonise with infrastructure spending which they partly do not need to pay for and lose higher production capacity that was built in before that may need more Capex later on.

As for the future price on Pensana depends on what ABSA come up with. We can also note China, USA and a chunk of Europe frying today and most of this week. The debate between China and USA continues. A few nice words from Janet Yellen does not solve the core problems. It was just a few weeks back that some rare earths may not be exported from China in future. We do not know if a recession emerges and we do not know if the war in Ukraine draws to a close. We do not know if another party emerges that buys the whole company and has the means to take a mine and refinery into the market to increase capacity to have a potential solution in reducing carbon emissions.

As for the share register, the holders are actually very solid. The names change, but the holding do not change investor identities that much. In fact some of the changes in one of the nominee accounts amounted to my own trades leaving me wondering what the other 99% were doing other than holding. The trading has been abnormal. It may soon drop to more typical levels of around 400-600k. The risk if anything is lower volatility and watching the share stuck around 26p for awhile.

Possibly a few folks have reinvested into Shanta. At some point it has to rerate. Should be on 17p already.

Https://shantagold.com/investors/events-calendar/

Can not buy any this morning. Not accepting market 20,000 buys.

Https://www.investing.com/analysis/gold-mining-stocks-look-set-to-rally-200639983

I certainly agree. About time as well.

Still holding at $1938 per ounce. Centamin remains considerably undervalued.

Grateful for the insights given here on the RNS this morning and the shared opinions on what to look forward to.

The evidence of closure has arrived.

Await to see where it will settle in the coming days.