Member Info for Tornadotony

HOC have created very high expectations on Q4 results.

Not sure if it is bottoming out, but the advantage of building in tranches is to keep averaging down the entry position.

I replied to this on the Rainbow Board. The REO concentration is at best 0.02% per tonne. To get to the 0.3% cut off at LJ requires a ten fold concentration phase.

Rare earths at a concentration of 0.02% and NdPr content is probably lower. This would be collected as a by product from other minerals being mined. The cut off for rare earth processing is probably 10 fold higher than this level for a miner specifically after rare earths. It would taken them sum time to extract rare earth from 1.4B tonnes of ore. At 70 M tonnes per annum at 0.02% and if it was broadly ****genous, they need to find a way to concentrate it 0.2% and so get to 7M tonnes and somehow processing it to 14,000 tonnes of REO per annum which contains 1/3 say of NdPr. The company believed it would supply 30% of European annual needs. The problem they have is getting from 0.02% to 0.2% to get anywhere near Rainbow Rare, MKA and all the existing companies. Assay results were 163-227 ppm.

I looked into it and it had so many red flags that it was incredible. It serves as a warning about cross ramping by individuals with a modest previous posting history especially on micro companies. In a few weeks it will get delisted as the most likely outcome.

Back to no change on the day and have found support at 10.75p. Not all the action is reported in the buy and sell trades above. Around 11.5p, the volume on investing.com jumped a half million and we proceeded downwards. Perhaps traders are marking out the next area of resistance above 11 and they found it somewhere between 11.5 and 12p. Marketscreener has noted a 42% projected increase in Shanta earnings for 2023 over those in 2022.

If every rally is getting dumped on we need a TR1 to find out who is doing this. The selling does not look like the work of small PIs doing a modest top slice.

A woman metallurgist doing QA and QC in an Arabic country telling some of the male workforce what to do. To pull that off she has to be a real Tiger*****. For any guy stepping out of line, she would need to have the technique of dropping them through the trap door in the floor (verbal comeback) to the entertainment of everyone else and nobody around wanting to help him. Certain women know exactly what to say in those circumstances. (The first element involves speaking very loud so everybody hears). Tony

The contact page is working.
The issue of a calendar of events to be put on the company website is to be raised and discussed with the Board. (This practice was followed probably before Covid-19 and so it may possibly be reactivated.)

The company has numerous updates to provide to stakeholders and they are very busy actively putting information together. (I suspect a few things are having to get signed, checked or awaiting additional information before they can finalise and communicate with us).

The company also thanked me for being supportive.

Tony

(I sense the company recognises they need to move from an explorer type operational mode which requires a lot of free thinking to one of a producer which requires a completer and more structured approach and I have a feeling new appointments may be addressing that ethos).

Bluejay have said they will get back to me soon.

Issues raised
1. Does the contact page work and do they communicate with private investors.
2. Will the company provide an events calendar, as these usually indicate likely quarterly or half yearly reports, AGMs etcetera and is basic information any listed company should give for the year.
3. Has the company received back the results from Perth Australia on all the work undertaken over the summer.
4. If it has not been returned when is it expected.
5. If they have received the data when are they likely to update investors.

If the company is waiting for better financial conditions on supporting the mine development and are they sitting on completed modelling data that is very helpful for us to know, or do they have additional work to do.

Only took a little off at 102 the other day so I had funds to rebuy if the chance comes to fruition. I suspect it will go back up again at some point when it hits the right FIB point. Some stock are going back to 50 day or 200 day moving averages to find a new support line.

Caracal is a low quality company and someone had the good sense to pull finance this morning. So that price collapsed 25%. The geology of a low grade low volume resource is not economic to mine without any surrounding infrastructure. Why some idiot posted this on AAZ that has experienced intelligent investors is beyond me.

I suspect my recent buy in a trading account will be averaged down in due course. I have set aside enough for 25,000 shares to buy.

More important one
https://www.londonstockexchange.com/news-article/PRE/holding-s-in-company/15788474

Both concerned MG position on Pensana that we are all aware of. The MG average is between 59p to 60p area.

Fits in with the general recession in the market. Recovery for the next upward cycle has moved 12 months out for the entire rare earth sector. Good time to construct a new business (providing the banks provide finance to support economic growth which they should).

Added 5,000. First entry outside of ISA. If it slips back will be building up positions on several fronts.

Apologies its measured and indicated in previous.

Picax
In March they confirmed 370,000 ounces as measured and inferred in West Kenya. In the coming days they expect it to be as high as 700,000 ounces and the g/t is one of the highest I have come across.

The bet on Shanta is that gold price goes down, they have trouble in Luika production, the timing of new mine output from Singida is very late, the company costs are much higher, the small amount of debt they have increases. Basically the share is currently priced for everything to go badly wrong. Several junior miners are currently trading a fraction of the book value and Shanta is one of them. Eric Zurrin has said himself they are always risks with mining, but he anticipates a rerate on Shanta stock in 2023.

kipperfoot you mentioned you got £468 Shanta divi back in November so have you been one of our mystery sellers off loading 468,000 shares. Tony