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Every time short interest rises on Ortex the Pensana price goes down and when it declines on Ortex the Pensana price shoots up.

Should be 100p higher. Getting beyond a joke.

AndyMountains

Its not abnormal to see high spreads at the stock market open and when it does its a bad time to buy and sell. The price usually drops and the sell price moves up a few minutes into the trading day. It happens a lot when there is reduced liquidity to deal with sell orders or the market maker has buy orders and tries to get a higher price.

I should comment that you alone are responsible for your investment decisions. Trying to blame it on someone else is poor form. It is likely that your investment may do well but stock market investing is not free money it does has risks and can fail.

They have to cover 590,000 shares in the next 7 days. So if goes back to 202p very quick it suggests they closed a lot of shorts.

950,000 shares short was opened at 208p. They currently have 910,000 shares short after closing out 40,000 on the last dip to 190p. Source Ortex.

A short was taken out when it hit 103p. Around 557,540 shares remain on short with 453,630 with just 7 days to cover. Source Ortex.

An intraday attempt is being made to break the compression. It happened yesterday briefly and could be the same today. As long as the close is 199p or better it remains in place and the indication for an RNS next week still holds. If we were to get a breakdown in the pennant, it may imply the results are being delayed and a new chart pattern is being created. One other possibility is that Polar are reducing market liquidity by providing the market maker with stock to sell and I see that possibility as being bullish with a greater chance of an earlier RNS release.

mrtibbles,

The UK government is probably relying on antiviral and immunomodulator therapies of which some are very hopeful. This approach tackles those going into hospital only and sending them home once stabilised on the new medication and accept for everyone else its a trivial event. Evidence on long Covid-19 prevention should come through in a few months time. Hence it becomes endemic rather than pandemic once that eveidence gets published. The antivirals and immunomodulators work on all Covid-19 mutations and new ones that are probably coming along and in theory should prevent long Covid caseloads. The issue, as we are now seeing in Australia, is whether the politics can adapt to a new way of approaching all of this and that will mean stepping back from dramatizing and abusing authorities power which the vaccination programmes have encouraged and sought to divide people and embrace new products in the toolkit when they come off the manufacturing lines in bulk six months from now.

https://threadreaderapp.com/thread/1480643229934661633.html

Basically it can not be assumed that because Omicron is milder that the next variant will also be the same. Once travel opens up new variants will evolve. Predicting the future is not that certain or straight forward at all. We also can not keep immunising populations as a way out of this.

Currently being compressed as it builds up pressure for the news. It can only do this for so many days.

The chart shows resistance and support lines meeting up on Wednesday 19th January in the shape of a pennant. An RNS could arrive near that time and could be earlier on Monday 17th January. This is of course is with the usual caveats as chart reading is only hinting of a major event as the consolidation of the share price closes within the pennant.

With so much debt and rising interest rates and runaway inflation, its a mystery how this will all get resolved. It look like s a minefield out there.

Stocks do not go up and down in straight lines. Sometimes it is 3 steps forward and then 2 back. Hoping this drift back is such a move and then we edge up. On Bloomberg this morning investment fund managers in climate protection ESG stock have said that the FED needs to protect this sector from interest rate rises as not doing so defers efforts in the energy transition space as it puts off investments as the return is not attractive enough. Hopefully that message is not falling on deaf ears.

Interesting to see if my ideas get a response.

As interest rates are being marked in, Fund managers are asking about what the central banks are going to do to aid sustainability and climate protection as raising rates will hit funding in the sector. Again it comes back to my earlier point, the need for a separate fund supported by some QE to road map a transition pathway and countries staying strictly to it which has a well planned strategic and implementation process. The lets all hold hands and contact the living approach by banks and politicians is not going to work.

chrisneo and other readers,

Pensana was enjoying a lot of momentum and then we had a rather hawkish response in the markets arising from FED minutes and a lot of shares deflated although a few cyclical stocks caught a bid. So fundamentals put a road block in chart moves changing chart outlook probabilities. A lot of the miners were rallying and then were pulled back. The mining index started positive and retreated with the USA open on Friday and this added to uncertainty.

I suspect Pensana is getting caught in wider market sentiment. At some point Pensana need to publish a lot of information they are sitting on. The hydrology works was completed ages ago at Saltend and I can see no reason why it was not shared with us. We are still waiting on COOLA data and when the application is to be filed for Saltend to the DoE. An RNS on the last two would get interest going again. In the meantime the issue of UK dependency on China is in the news and the significance of rare earth supplies is hugely critical and again has caught press attention, but omicron appears to have paralysed a lot of activity here in the UK. We also have an energy crisis unfolding. In my opinion, the only way to resolve the energy price spike sensibly is having an energy based QE programme. The programme should partly fund transition from fossil fuels, but also to phase in energy costs higher over time to the UK public (say £200 a year per household, £100 for an apartment/flat) and that prices go only in one direction and everyone has a chance to manage the change each year instead of almighty inflationary hits in one go. The alternative of hitting everyone for six at the same time as many other areas are making cash calls could lead to disruption in parts of the UK or a significant recession with economic growth sinking a lot faster than current projections economists are hoping for.

As for the Pensana chart we have shrugged off overbought signals but we do not have a clear picture on what it will do next. The only thing I was correct with in the chart of late was that 103p was not going to be easy to breakthrough and it was going to need more time. Its important to remember that chart analysis is only probabilities and sometimes fundamentals can turn chart analysis on its head. if I can get a clear picture of what it may do, I will share it on here. Regards Tony

Cherry they may have changed their view on gold prices which is the basis of valuing companies as well.

We ensure our employees are fairly compensated, with minimum salaries 100% higher
than the regional minimum in Russia and 170% higher than in Kazakhstan. All salaries of
both Polymetal’s employees and contractors working at our sites exceed the local living
wage.
In 2020, we were proud to be ranked 20th out of the 200 best employers in Russia, and
awarded first place in the metal and mining sector for gender equality by Forbes Russia.

250k buys versus 10k sells. The average down//newbie buyer discount sale probably ends on Monday or Tuesday.

Hopefully the next communication from the company will dispel a lot of the problems we had in 2021 with a great story for 2022.

Added more at 1190. By May the pound sterling will be in a sea of trouble as the UK Government has engineered a complete mess of just about everything.

Erfle is spot on. https://www.kitco.com/commentaries/2022-01-07/10-reasons-to-be-bullish-the-gold-complex-in-2022.html?sitetype=fullsite

If gold does get cheap I can see record physical buying. Tony