Member Info for Tornadotony

The prospect of a sizeable divi will mean that quite a few holders may stay for its delivery. If the play book looks promising post Feb 2024 institutional interest and perhaps the odd hedge fund may buy stock. The problem share holders have is a lack of visibility which in part is forced on the company as they need to keep certain developments confidential. The buyer would hopefully be interested in the entire production and delivery supply chain so might know the bigger picture.

Plenty of warnings on gold retreating and USD strength accounts for $10 drop. Centamin has delivered a double bottom. Now waiting to see if it holds or we get a lower low. I do feel Centamin is undervalued on forward earnings. Monsoon working slowly through India but the rainfall is around 8 days behind schedule. A future tail wind is two to three weeks away.

Not sure if we have confirmed the bottom yet. USA shut this afternoon. If the low is not in, I expect it may happen in the coming 6-8 trading sessions. Possibly 92-93p double bottom. The alternative is the bottom was hit.

The rising support line has now reached 9.3p on the sell. Several tests against rising support have held thus far. Recovery on Shanta Gold appears to be underway on the technical chart.

They will probably appear during the day or Monday. We then see who replaces Odey.

Two weeks to go.

Fulmar I agree what you said about George. Some of the Rainbow Rare earth competitors employ the equivalent to a post 1865 USA civil war carpet bagger selling a magic potion that apparently does everything and delivers absolutely nothing. In fact they are only consistent on delivering absolutely nothing, Sadly AIM is full of such apparently intelligent bandits. Odey has managed to smash the value of a lot stocks giving amazing bargain basement prices over the past two days.

Passed 100M traded.

Hope you all managed to get some as we head to 97M traded. 9.4p for 100,000 current sale price.

Volume has passed 95M. Well we sure know what the problem was.

87M shares traded so Odey is more or less gone. Added 9.5% overall on what I held (11.3% would have equalled what we all would have to bought to get Odey shares moved on.

78.5p to 63.85p and today it recovered back up to 79.2p space of one month. the drop from 11.25p to 9p is of equivalence to the AO 20% discount.

Also added at 9.01p.

Fortissimo

For around $10M additional investment in Singida it is possible to replace a further 12,000-15000 ounces that could arise if at Luika if they choose to mine out lower grade ores. A back up plan to manage a 16% depletion is therefore available to management.

If an open pit at Ramula is contemplated it could manage down Luika share another 16% or more. Key news will be the agreement on WK permits to extract and mine.

The Luika risk is not as great as it was before.

Using 27 Feb RNS Reserves and resources data.

625,000 x $140 production reserves

1,228,000 x $30 production resources.

688,000 x $10 production inferred.

1,139,000 x $25 WK ground resources.

617,000 x $10 WK ground inferred.

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$165.86M

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Mined out 2023 reserves = $11.2M to subtract plus $20M debt and $17M income.

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$151M = £119M

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Usual multiple is 1.33x in ground value= £158M

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In ground valuation around 11.25p and what it should be trading at is 15p. In the ground valuation is like a fire sale price.

Around 45% on the 96p-97p mark. Not trying to get the bottom, but average off as a new rally is underway. I suspect the rally in earnest could happen in July. CEY production much higher in H2.

We can take some solace from AO that have returned to their share price before Odey selling. It took a month, but a lot of happy bunnies got a nice dip buy.

It's really all about how the Fed approaches its expected 'pause' tomorrow and the words that are used to shape the expectations around it.

The Fed has, through a series of overreaching policy errors and regulatory missteps, become the market.

The sweeping under the rug of their most recent insider trading scandal and the abuse of confidential information is appalling.

This will not end well.

Quad witch option expiration on Friday.

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All the best to us this evening. Centamin and all the other gold miners for that matter have broken down to give gold at $1820.

Added at 9.7p just before the close. If we get no RNS then it has to be Odey business.

In the top 8 fallers with no RNS.