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Theo, if any finance is being resolved they would save it for COP27. From a chart perspective it could well be an attempt to identify where the buying support is. The pull back is on low volume and the volatility at 69p was the lowest seen on Pensana in two years going back to July/August 2020. What I am saying is how a chart trader would see it. I have also given all the things they are looking at as entry points for a rebuy.

62p 38% FIB from recent high.
59p weak support line.
58p 50% FIB
56.3 weak support line
54p 38% FIB from 4wk and 13 wk low. and a strong support line.

I am sure some monies just came off the table at 69p that were probably added in the 40's. Part of the reason is having cash available on a pull back to rebuy a position. In some respects, they have generated a short when they do this, and the rebuy is like closing a short. It will only be seen as a normal sell and buy.

Now sub £23.

Likely to go from 525M shares to 600M. (If they can keep the price between 11.5p and 12p). Hopefully it is all fixed up and hence why it came back to this zone. It would give the company 12 months to sort out an income stream.

Rishi just got the job.

The tiny, short positions were the same as before but clearly, they have appeared today in the price action. (Theo must have got another mortgage.)

Strong support exists at 54p and would be a potential area to create a higher low in the chart and start a new rally from there.

Tanzania government and Chinese Governments are seeking closer collaboration and trade relationships. Hence Shandong offer to buy Shanta Gold hence starting a bid situation last week. The chances of Peak getting approvals is high.

Was 580th place.

http://www.stockchallenge.co.uk/ftse.php

Thanks folks for confirming what I thought.

Hargreaves and Lansdown have 88 million shares. Does this include all the people with ISAs and trading accounts with HL?

Theo,
MoUs are not legal documents. They are framework documents that a funding entity would need to fill a box somewhere that one at least existed. As you said yourself it is the funding decision that is important. So, when are you shorting the stock with CFDs as you believe so firmly it won't be funded, and of course any photo or imagery of Paul apparently makes you very ill. We are still waiting to see short bets getting placed. The short interest is currently peanuts. Tony

We get a new Prime Minister in a week.

Downing Street statement about to happen.

Welcome aboard ThePublican777. The company has improved since July and had a rough patch. Anyone buying at 9p before the news were close to the bottom price on this share.

It appears Shanta is going to be kept with a 12 handle. We might see 13 occasionally for only a short time. I just hope a good offer price comes in early to reduce speculation.

What I picked up in one comment from the CFO is that dividend policy has not changed much. They are looking to the banking sector to deliberately taking up some loans regarding Doropo development. In my opinion that policy idea worked well with a low Libor rate. If the Libor rate continued to accelerate, they will probably have to remodel that concept. The current Egyptian inflation rate is 16%, (Egyptian currency is devaluing) and some of the cost has been modelled into future projections already.

Overall, despite my frustrations on some of the reporting, I think it is best to just add 3 months on to future deadlines they give us, Strategically and financially the company is on a good footing.

3Bear

Yes, the results in some respects are very good, especially staff safety and the like. However, they have depleted cash by around $60M, half in divis paid and half on future cost saving investments. A part of the upside jam was given to us. The gold price has also moved sharply down of late and centamin only partly retreated on that fall. 83-84p is priced in unless something more said after 9am that is better explained over what is written in the RNS.

Need to bang that drum harder to get the Pensana price down and stack up the CFD short bid with more leverage and money. We are all waiting for you to do it.

The BoD makes its recommendations to shareholders. Hence why, a premium would need to be in the offer. Nobody would accept a minimum figure when the company might get to in late 2023 in any case. A bid in the low 20's elevates the target expectations the company say they will hit in 2024 against assumptions on a particular gold price. Investors than can evaluate risk scenarios of holding versus selling.