Member Info for Tornadotony

Bottom to top the compression is just 7p. Still within descending wedge. Both ends tested this morning. Now becoming difficult to sell top and buy the bottom to create some free carry shares. This may impact share trade volume. Target date of 12 May for an RNS event remains.

https://citywire.co.uk/new-model-adviser/news/budget-2021-govt-reveals-green-savings-bond/a1474857?sectorID=2567

I thought it would get financed via the Green bond programme.

Hi Prophit
I was not reading your previous as a dispersion, but I was explaining why I am happy with it.. The disadvantage of email is that it misses a friendly tone or intent. You may find most of the companies involved with rare minerals only give the resources in the early stages. Most rare minerals investors look at the REOs, NDPr resources as it immediately identifies if its a big project or not. Take my word for it, there are not many outside China. The second aspect is to see how easy it is to mine out and extract. A few companies have learned many lessons in that regard and were not making monies before. So how the rare elements are dispersed in the resource samples becomes an important lesson as you can end up doing a huge amount of stripping for little product by chasing small veins of rare elements as Rainbow found that out in Burundi early on and then had to change their mining practices. The whole sector is upgrading its mining act and becoming more efficient on processing and so we have the benefit of that arriving at the start of the Pensana project who have also upscaled their processes with a novel patent.

All the best Tony

If gold is to rally, this is the time for it to begin.

Some of the precious gold miners looking ready to make a move.

We could be putting in a higher low. It will need to stay above 147p on a close price to secure the higher low and then of course start a new upward trend. Fingers and toes are crossed for this to be the case.

Makes my entries average under 161p. We could have an RNS one morning and BP has bought the whole shooting match for £7 a share. The immediate gratification of 550p will do very nicely. Something like this could easily happen if an oil company wanted to be very environmental friendly.

Where does it go from 117p as the trend on support has met up with the price. Do they breakdown the support line rising from 101p-104p area or do we get a 10p jump and it trades back to 118p area and continues a return upwards with a rising bull channel. Await to see how it plays out.

No your not and that is why I am in gold miners, rare metals stocks and Synairgen which I believe is the only real way out of Covid-19. I am wondering if its best to pull another huge wad out of the savings bank and load up more.

Welcome aboard fatbanker. Enjoy the ride.

Perhaps its halving carbon emission targets got it wrong way around.

Its playing out a new pattern and running between a first resistance and first support line. I bought Rainbow to average down a penny but also USA President is doubling carbon targets. As far as I can see banks will open up the cheque books for company projects like in South Africa for Rainbow.

I just we wish we had some idea what is going on in Burndi as it is stopping me from investing big time here.

https://neftegazru.com/news/nuclear-power/677684-russia-s-rosatom-signed-a-mou-with-the-republic-of-burundi/

Last sentence to note

Prophit

Presenting data as mineral resources is perfectly adequate. The resources are in excess of 40 years of production. In addition the company identified that the COOLA property licence is rich REO material although it has not been quantified into the resource pool. The conversion rate of resources into reserves is at least 50%. Therefore banks identifying a loan for payback are likely to be satisfied that a 5 year rate of return in paying back debt is more than satisfactory. Of course the business plan gave just 2 years to reach that milestone. Lets assume they spread the cost over 3 to 4 years and had some cost overruns. It would still generate over 16 years of debt free income. The banks are likely to compete for Pensana business. I therefore doubt if premium rates would be charged accept for whatever is given on Angola as a nation state to do business in and that knowledge was always known to investors and probably already factored into share price risk.

The contractor

Often the case on stocks not listed in FTSE 100 and 250. Use this https://uk.investing.com/ and type in Pensana to get at the moment price ranges. However, neither will pick up the tighter moves within that buy and sell range until you hit buy or sell button and confirm execution.

Looks like its now 154p and we hit 153.14p. Bottom side is probably 146p. So far its staying within the descending wedge. Some of you may have taken a bit off the table and hopefully that is to support intraday slippages under or bottom of the descending wedge.

The best messages on the board today go to Seaboy for all the time spent on his analysis and being kind enough to share it all with us. Much appreciated by many here.

I have backed up the truck and have been buying stock. Best buy so far was at 147p.

To be expected as we now know how many unattended problems were taking place in presenting that cash flow and now being fixed. Centamin looks really good for 2022. The savings on oil costs from using solar power during the day could be quite significant in building that cash flow back up again. Also fits with a greener more sustainable company in what they are doing.

The chart possibly supports a rising support line to reach 180p in two weeks time say 7 May. I anticipate more news events will emerge and some may well be rare elements related and not just to do with the company. Its not beyond a Shell or BP to put $1B on the table and say let us take it on unless financers and the company shareholders say no and urge them to and find their own super league.

Well I just bought on the rising support line at 163p to make the first entry buy this morning less embarrassing. The company project targets 5% of the global market. I have nothing on that scale in my portfoilio.