Member Info for Tornadotony

Achieved without an RNS so far. I suspect a TR1 next week may explain observations today perhaps. So in theory the support line has moved up from 174p this morning. A retreat back into high 170's would still fulfil a bullish trend, but then we know resistance is now much higher in the 190's and the trend from 9 December continues. It was necessary for this to happen before Friday next week. It has come earlier and supports decent share trading volume.

The bond issue overrides whatever oil is doing at this time. I am not the only one with a straddle on Tullow covering movements both ways. If a lot of professional investors have set themselves up that way it tends to stabilise the share price. I see Tullow staying flat as energy shares in general retreat a little bit. It gets interesting next month with Suriname drill and Uganda FID arriving in the kitty.

Weekly support line has held. We have a gap in the chart above so i believe a move up to 93p gets paid at some point. This is on offer on discount price is how I see it. The sell volume was peanuts. Whether they give really cheap Pensana shares away is something I doubt. Pensana is a good place to shelter some cash for whatever hits the market.

Just as we hit the Chinese holidays. A lot of very good stocks getting hit this morning.

No bounce in Australia last night. Will be a test for LSE to see if they lead on this or not.

For UK dividend tax purposes does Anglo Asia Mining count as a foreign income company or is it a UK company.

If it closes on 93p we should get another move up tomorrow if it maintains the new uptrend.

China is off to 18 Feb. South Korea, Indonesia, Japan all off with them today. Market is currently quiet. All the action is from 14:30 State side.

Softrock

I hope you do not mind two comments from me. I have gone through, production, Capex, cash in bank, equity levels in comparison to 2019 (when it was 112p), AISC and gold price sold and so forth. When compared to late 2019, Centamin value is a net $145M less for 2021. This equates to a 10p reduction in share price on the second half of 2019 share price whish traded somewhere between 105p-141p peak to trough from memory. This equates to a current trading range of 95p-131p. So CD is right that depending on fluctations on gold price Centamin can be over valued. I should comment on 11 January when gold price was the same Centamin was 127p.

The second point I attach this article and I would skip to near the end where it mentions Centamin. https://www.gold-eagle.com/article/gold-more-things-change-more-they-remain-same

As an aside I have missed 3 major falls on Centamin. My entries are not perfect by any means but I have never lost on Centamin investments. I believe Centamin will do fine in the future which is the second point I would back CD up on.

Apologies CD if I stepped on your toes. I have not shared all the maths and made assumptions on depreciation. Its up to individuals to do their own homework and put in their own estimates on probabilities. I just feel that it won't be Endeavour in the backkground next time it could be a far more serious takeover and we may be happy for it to happen this time round.

Tony

With BoE contemplating negative rates it makes sense to hold for divis being promised and rely on good share prices next year or in 2023. The positive surprise is the extra licence area and what might be found. If a new licence delivered 80,000 ounces a year it would make a huge difference. Frustrating to read it so wrong at lunch time and not seeing it as a bull trap.

Both gold and respective miners getting hit. USA market dumps yet again. I really thought is was going to improve for the better.

In a triangle with resistance and support lines close to converging on the chart which usually signals a big move. Its like a blocked volcano.

Rising support line from 23 November hits 16p on Friday. This could be a bottom on the SP. Shanta and Centamin both look ready to move up. Always difficult calling a bottom but we might be there.

Josh your not being disrespectful and very polite. Hence the word might used in the title as its a speculative comment. The chart has a triangle with a resistance line and support line converging and something usually decides a sharp move up or down. I am therefore speculating that by 19th Feb (latest) we might get news that causes a response from fundamental stock holders. Hopefully its some good news of some kind that takes us higher into the upper 180's.

The daily and weekly charts appear to be giving a bottom on the Centamin share price. It looks ready to make a move higher.

We have a resistance line at 182p and its suggesting some kind of news a week Friday on 19th February. Hopefully to get us over the line.

Appreciate any bullet points not already mentioned in the RNS being shared as board message.

https://www.bourse.lu/security/US899415AE32/266318

Akker so idle that he could not bother to check that the bond improved.

General speaking if you sell 20M of 2P reserves its $200M expected to be paid as an industry average, but Tullow benefit of not having to decommission wells later on so they got a good normal market rate for the asset.

Its now imperative that Jubilee delivers new wells and as soon as one comes on line in Q3 they need another being drilled and on line after Christmas.

Hopefully Les is getting some more good hedge deals for 2022. If the average is high 50's with a collar above $70 it will look good here. Suriname awaited drill result like to help with sentiment. Tullow heading back to 35p.

Correction on my previous is that it is bond yield that increases.