Member Info for Tornadotony

Selective stick and pasting to take things out of context (and ignoring caveats) although verbatim is still down ramping. I give opinions as opinions although I do not tag it with IMOP all the time. I think nearly everything I have written on the Rainbow rare board has been opinion accept chart analysis which is what it is. I guess you are beyond being trained and will always do what you want to wind certain people up.

For the past 7 days it has moved out of the profile it has followed since 1 January. Should be on 12.5p to align with index rare earth Van eck index again.

Will you stop down ramping on the Pensana Board please. I realise that you do it as you know Rainbow Rare earth share price gets a kicking a few hours later and you want to get more cheap Rainbow rare earth shares. Today was another excellent example despite REMX going up 2%. After awhile that game no longer works and just annoys rare earth and climate protection investors.

A cautious RNS, but we at least know the board is happy to receive offers for 11 Russian mines producing over 1M ounces of gold a year. I just hope Russian bidders think long term for a day when they may want overseas investors back again when the politics is very different. If they give a lousy deal nobody wins. If they give a win win deal it gives light at the end of the tunnel one day.

Autocorrect changes mine name!

Immaculate mine extension started with good discussions in Feb 2022. It is anticipated that approvals for permit extensions were to be awarded in H2 of this year.

Also thanks for explaining different grades of nickel and that its the class 2 grade that we may need a handle on. I wonder which class of nickel HZM produces and I guess it might be class 2.

Thanks for the link and have given my recommend tick. It puts things into huge perspective in what an absolute mess the commodity market is in. Upside down reverse logic world.

I stand corrected as I was looking back to Covid 19 low.

The daily RSI is at 20 and it has now fallen below a long weekly chart descending line so is in capitulation. Historical lows are just under 50p but were only on it for a day. This has been a complete wash out despite earning dollars. Those living in USA can empty the bank accounts and would be buying silver and gold like there was no tomorrow either now or fairly soon.

We shall soon if USA blows up the commodity markets and keeps pumping up the dollar and selling gold. Technical indicators are at extremes and have been so for days. I still have a small holding stuck at 114p which is gone in the long term draw with others.

I would be grateful for a link to create a new favourites tag to identify how much nickel is in depositories or whatever for supply. Thanks in advance.

In the last 3 months Polymetal has out performed Hummingbird Resources and HOC. It only slipped behind Fresnillo in the past few days. The pullback is down to metal prices and gold. A rally back to 195p-200p would be near the best in its mining sector.

In the best of times the company was hitting 20,000 GEOs but they were having to pay off a lot of debts. They had a year or so of being a cash cow and the share price hit 160p. The share price per ounce they were getting at the peak was around $1600 to $1700 per ounce. In H1 they got an average of $1850 on what they sold although its 75% of the good days.

The company resources in copper in the ground is absolutely huge. The market value on resource to reserve conversion at 50% is a minima of $1.1B on copper alone below the current market price. Taking 1.5% as in the ground price gives $16.5M. Zafar in the ground is at least $6M and the company has $21M in cash. Existing production also has value with at least 4 years at 50,000 plus GEO equivalent with an in the ground value of $40M just for reserves. $83.5M is basically in the ground and cash in hand which constitutes around 62p in the share price. For a company to be trading just 33% above what is in the ground price is a very low valuation.

At some point gold is going to rally back up fast as M1 is still going up in USA and its historical correlation with gold should be at $2020 per ounce. We have seen distortions like this before, but eventually they have to correct. This is not the 1970's and 1980's where gold was overvalued against USA M1. It is now 15% under its historical M1 correlation value. USA interest rate hikes are not slowing M1 in circulation and so far it has done the opposite.

Production was in the target range given for the year. The existing mine is still delivering a steady amount of ounces per quarter. Providing they access the new vein by Q4 they may be near last years production levels and improve cash position to buy back some stock.

Lewis, the ceremony is more than a bit flat without a Saltend bond. Lets hope Paul has got this right and we get an RNS in the morning or the day after of a Saltend bond. If and when it happens its game on and this whole project is a reality. One hope this is like Montgomery at El Alamein and that everything has been prepared in huge detail and that victory will soon be ours as everything to create an advantage to succeed has been delivered.

Another two day rally and Rainbow gets canned yet again. Next time its back at 11.x I think I will join in and if others do so we might get to 15p or 16p where it is actually worthwhile taking a slice off the table and buying it back on a pullback. 12-13p feels like nowhere land.

oops M1 in previos

Prof What I find interesting is that M! money supply is still going up in USA and gold is going down in USD terms. There was a historical link between the two for decades which occasionally does have a gold overran such as 1980's and sometimes it was M1 against gold as it is now. The M1 data should have gold around $2020 per ounce. The distortion I presume has to eventually correct itself.

I am hoping the bottom is in for the metals and for HZM. Fingers crossed. The rate of sell off was getting absurd as we have no evidence of any depth for a recession at this time.