Member Info for Tornadotony

Beyond a joke. This should be at 15p at least.

China who on earth is Grant?

With regards to the chart, not everyone uses them and a lot of people say its witchcraft or whatever. At this moment in time we have rainbow with a bull chart up trend and Pensana doing the exact opposite with lower lows and lower highs in a down channel. A battle is now on going around the 97p support line. It is absolutely correct that financing news in an RNS changes the chart direction entirely providing its on reasonable terms. Until then the stock is trying to find where it has buyer support. Yesterday's share buying side was poor, however the volume overall was extremely low.

regards Tony

A chart gap between 181.5 and 186.5 area. In case it decides to do one of those sharp V shaped dives to fill it, I have left a buy in that range.

Drift is the correct word. It has to find and test support and really hold it.

Dan

I guess that will be the Hotel Chocolat boxes

Tony

So they spend $90M to deliver $300M in the ground value and 6 years future supply of gold. This adds at least 10% to the value of the company by that time. Centamin is a growth company again. Expect the odd share rally when drill results get delivered and inferred becomes resources and reserves. Positive RNS that could take us a few pennies today.

Support lines are at 97p and 94.8p. If the 94.8p breaks it will have lost major support. Resistance is up at 107p. There was no attempt today to get near it. First support line has breached on what is very small volume.

Starting to weaken.

Bought 100,000 yesterday (50K lots at 12.21). To the outfit who is selling Shanta shares, thank you for the discounted shares that you gave away on a plate. Thank you very much.

Added. Will not be able to get it under 140p by end of next week. Gold, silver and copper all going gangbusters.

The 5 hourly chart has put in 4 higher highs and 4 higher lows which is a very strong rising bullish channel. This has been in play for several weeks.

Shanta still held back. The company is into higher grade ore and production is on a future steady path upwards. Next year the company is back on track with 80,000 ounce production and 100,000 in 2023 with a new mine. None of this is priced in. The VAT rebates are not priced in either.

Pleased that Rainbow Rare is 35% of my climate protection stock base. Back in May and in July it was not looking good. Well done to the CEO and it goes to show when they put their own money into the company its a good sign.

Hopefully this lot will get a concession news soon. I think AZ government have missed an opportunity with COP26 taking place. The world will need a lot of copper for climate protection.

Not long now hopefully before this goes over 10p.

Charles I agree with you for year end.

For some reason a lot of share buys are showing up as sells today.
One share in my portfolio that is making a move up today is rainbow rare earths. Sprott has done a very good report on them if anyone is interested in that area for climate protection stock and someone posted the Sprott analysis this morning. Like Synairgen they have really important results to come through next month which is when that one can really move.

Bigs

It will be the test results in December if they can exploit the intellectual property they have access to and whether it works really well with good recoveries. If the data is very positive, than the company will have one more raise of cash or a debt facility which brings South Africa asset into full production. Earlier in the year some of us had a target of 32p, but rare earth prices have gone up further hence the broker target of 46p which in my opinion is spot on with current revenue targets. In the meantime expect Rainbow to move to 18p. Tony

Appears the seller has completed their order. Shanta may finally being going back up. Only reason why we are down at this miserable level.

Very good report by Sprott. Thanks for posting. Tony