Member Info for Tornadotony

mikee_P

No regrets mikee as its a little insurance if it does retreat. What I sold on Synairgen I bought on AAZ and HZM today and both those stocks may do well next year and both were heavily sold into of late. I always hold cash back to cover defensive top slicing and accept the possibility that it may not get placed back in. As I said before I have a good sized long position in Synairgen and I am happy tonight with the set up I have in play. All the best to everybody who read what we think and do. Tony

Added on 106.7p.

I have a value range of 128p-148p on AAZ at 1700 gold.

Published last Friday

https://pharmaceutical-journal.com/article/feature/everything-you-need-to-know-about-the-covid-19-therapy-trials

Probably dated but was not put on here.

Today on Synairgen I was using the 5 hourly data and noted stochastics on the daily had just hit 100%. Answer to question. (One hourly is not reliable).

Slow stochastics for 1 hr 5hrs and daily is 100%. For the record I do not see equities ever holding that level for more than 3 days. Just as it is quite rare to be on zero for 3 days solid.

The RSI on hourly is 75.645, 5 Hourly is 71.769 and daily is 61 .778 and is not over bought yet. I am not trying to pick a top on the overbought and it can get more overbought. If it drops back to 183p its enough to pay for half of my wine order for Christmas yesterday. That will do me just fine as it like 6 free bottles. If it does not happen so be it as my 90% has a bigger profit.

Elsol

90% of what I am holding is left alone on Synairgen. I am quite happy to use charts to manage my position. The closed trade positions on my portfolio since April have done well. I use charts and fundamentals and it works well for me. The position I took off was in profit and its now like a small short against a much larger long position.

In answer to your question on stochastics and so forth, I would agree that if a small stock was unlikely to be included in a sector grouping for example being labelled as a Covid-19 stock that I would not use it on a small volume trading share. I can assure you that Synairgen is being grouped with other shares in the current rally and I suspect the entire group is overbought.

I always like to take some off on a rally when it is overbought. The tactic has enable my synairgen shares to contribute to 18% of all my gains since 5 April despite no divi contribution. It also enable me to support Synairgen on any retreat. The trading slice is around 8-10% of my holding. At some point we will see another Synairgen retreat when some other company announces their therapy between now and end of January. I then exploit every rally and every retreat. Tony

Stochastics 100%, RSI overbought. Took a small amount off the table at 193p. To cover any retreat if it happens.

Edit on previous title .

Added 6.58p.

Angola has experienced a raft of variants outside the usual already. Appointments have only just been advertised. The time they need to anything, everything will be known about the new mutations. In theory it should not stop the in-hand work going on which is sorting out utility supplies to the mine, completing what should be desk work on earlier field works both for the foundations and building work for the mine and of course COOLA exploration results from last year. They should still be able to receive shipped components for construction and get them out from the port to the mine area.

Over 95,000 ounces of resource ounces to add in Q1.

The Jumbo at $1M spend arrived in September for underground drilling. Its delivering development grade ore as supplement. Q4 is going to be best for the year. In Q1 next year the company is excessing 7-8 g/t ore and is planning to hit 20,000 for a strong Q1. The jumbo is expected to help hit the 75,000 mark for next year as they target new areas around Luika.

The issue about the 4th mill is that it costs $4-5M and produces 8,000 ounces a year and has 15 months before pay back. However it requires a new crusher as well and the new line has a lower recovery rate as it would be processing lower grade ore. The cost benefit is marginal and the new on-going mine development has priority. The third mill has already delivered a lot of benefits they were looking for at Luika.

Overall, we are through a lot of problems here and Shanta should come back up on its growth course. The babies are getting thrown out with the bath water on the mining indexes.

https://www.msn.com/en-gb/money/other/investment-from-the-uae-to-boost-britain-s-green-industrial-revolution/ar-AARabCJ?ocid=msedgdhp&pc=U531

To be back filled. On at a Black Friday discount.

Some great deals going on today for sure.

I attach something to put in your favourites HZM was on 606 the other day and may have dropped down a little. It gives an idea at what point they become a FTSE 250 company. http://www.stockchallenge.co.uk/ftse.php

To re-establish the triangle it needs to close at 89p. Otherwise no RNS signal for Monday.

The retreat on copper prices is laughable as the supply is very tight. Dropping the price will only make the supply situation worse as companies like AAZ decide to pull off more gold and ease work effort on the copper production. Several junior miners are screaming undervalued bargains at present. Black Friday sales are right here.

You need to put in a dummy sell and a dummy buy for say the amount of shares you want to deal. This gives true spread. I have just done it on shanta where the spread is 11.5 buy and 10.5 sell and the true spread was 11 to buy and 10.87 to sell This is happening on a lot of stocks not in FTSE 100 and FTSE 250. You can also leave an order in the book on the price you want.

The retreat on copper prices is laughable as the supply is very tight. Dropping the price will only make the supply situation worse as companies like AAZ decide to pull off more gold and ease work effort on the copper production. Several junior miners are screaming undervalued bargains at present. Black Friday sales are right here.