Member Info for Tornadotony

No it is starting to form a top imop. I am not sure if it got oversold at 12.8p area and helped give a relief rally run. We shall see if I am right or wrong on that call.

At least I am intelligent enough to have buy orders in the book.

Border posts between around Rwanda/Uganda/Congo on Uganda southwest corner are closed. Major transmission routes. Things are tightening up everywhere which is good. 100 or so Ugandans quarantined probably through contact trace. No new cases reported in news.

Gold is in late spring early summer doldrums. This is a seasonal event over many years. It is necessary for the jewellery trade so they can stock up to deliver gold and have enough profit at peak price gold times later. It coincides with India's monsoon season which start in a few weeks. As the rain pours and harvests grow the gold price rises. It has worked that way for years.

The attachment provided by myoung is an advert of who should never invest your money to manage their losses and diabolical business judgement. To think somebody actually draws a salary on those decisions.

I am half way into my planned MTL position. Gold is doing what it usually does in the May to July seasonal period. I am hoping the Q2 production is far better than Q1. The weather appears to be rather hot of late but not like they had last autumn. Although prices are $300 down on average Q1 quarter prices sold for gold, it is still reasonable and anything above 1500 ounces above last quarter would keep the cash flow coming.

The company needs to confirm they are no supply chain issues in delivering the construction and local skilled man power are servicing the construction works.

I hold plenty of BRES in the portfolio. No harm in letting people know what is in the Uganda news. I am delighted it was only one case to follow up contract tracing. Fairly calm open this morning.

The one suspected case reported in Uganda today was a person on the Lake Victoria border. Border surveillance now extend along entry routes via Lake Victoria to limit further exposure with anyone trying to come over from DRC. Local populations being alerted to conditions to watch out for. If the number remains this low in coming days the actions of WHO would prove very timely in protecting the Uganda people.

Welcome aboard ripley.

At some point this gets funded or sold with incompetence in doing neither being delisted. The Board have to make decisions in the next 8 weeks where they are going. The asset is incredible. Whoever delivers this project will have the least expensive Vanadium Pentoxide mine in the world thanks to Carbon Black material used in vehicle tyres that will earn plus $100M a year. The frustration is the insiders who own over 40% keeping us in the dark like a box of mushrooms.

All the best Tony

All of the western border of Uganda with Congo was secured yesterday and this morning. Over 90 people quarantined who came over border earlier today so border controls are working and a mobile hospital has been set up in West Uganda. The Kampala case was in hospital since May 11th. Providing no cases amongst staff at the hospital and best practice was applied it is probable that providing all the vigilance measures were followed the problem could be largely de-risked by end of this week.

I am not putting anyone from buying, but was explaining why things arose like they did today and then responding to some trivia. Support line in chart held and was tested.

The benefits of today's RNS likely to emerge later on.

Some of you folks do not get it. Anyone pointing out a serious risk that can unfold in the coming days is relevant to point out. I am not de-ramping but others are ramping in face of a clear identified present unknown risk. What if a number of cases appear in Uganda. Would some of you like to then fly out to Kampala the next day and stay in a hotel and go to restaurants? Have any of you held share positions in Guinea when Ebola broke out over there. This is a bad Ebola it is not a milder version hence the WHO response.

Once the Ebola 21 day incubation period is cleared with no additional outbreaks then things may get positive here. In fact if Mike was going to take two weeks off, now is the best time to do it. No deals will get signed with WHO freeing up its funds to help deliver support to Congo and Uganda. This particular virus of Ebola is about the worse variation that exists. The share price action is understandable this morning. Mike has prevented bargain buys at 7p this morning. All it takes is 3 or 4 more people in Uganda getting infected in the coming days and nobody will be buying Uganda stocks for awhile and Bres shares will get cheaper discount.

Sinosure loans is one option. CC6 may well just buy the company. The insiders need to tells us what they are going to do.

The situation is not a disaster for BRES however it will be unlikely to attract a lot of buying which happened with Guinea mining stocks when they were hit with Ebola. Fortunately BRES does not have a lot of staff employed on the ground actually mining. It may well cause a delay here by two months or so.

Annual celebrations have been stopped in Uganda this morning, emergency control measures are in place, tourism is being partly cancelled in-bound. Quarantine in Kampala with a deceased case is underway. The ebola type is identified as highly dangerous. Likely impact will be known by June. It has spread from Congo adjoining country.

The luck of the draw. Otherwise it would be lower today without the RNS.

Certainly looks a good partner to work with.

https://en.scccnce.com.cn/aboutus.html?lang=zh-cn

It has been lively today and I wonder if the China USA meeting has some effect. The other possibly is a pump and trade.

Https://www.claytonutz.com/insights/2024/august/digging-into-mining-royalties-what-are-they-and-how-are-they-are-used

Northcott Capital deliver royalty arrangements as a part of their services.

Https://www.euronews.com/business/2026/02/11/inside-samruk-kazyna-how-kazakhstans-sovereign-wealth-fund-drives-change