Member Info for Tornadotony

1. Shanta does have a hedge arrangement that other gold miners do not have so hence why Shanta does not always increase in value at the expected rate.

2. Pertains to gold as an asset. Those who hold physical gold know what the value of other assets they want priced in gold ounces. So back in August 2011 that asset in mind may be 310 ounces of gold. In December 2015 it was 850 ounces of gold and today it might now be 380 ounces. The point I am making is that at some point gold holders swap into other assets as the amount of gold they have to give up is just too much of a bargain for the alternative they want. When they do so the drop in gold prices is quite sharp. Before anyone takes 380/310 and multiplies against the gold price to obtain a peak, it does not give the correct answer as the other asset desired may be depreciating or the currency it is held in falls so the gold peak is usually quite a bit lower.

Its when you work out a cost of house or car in gold ounces and what you get and it reaches the lowest levels of ounces not seen before in your life history or getting very close to it, with no inflation for the other assets, it becomes rather difficult to believe all the stories that gold should be considered a lot more valuable than what it is today.

If silver keeps charging ahead and oil remains flat we will be in very strange times indeed. It is quite incredible how such a natural resource as oil is so undervalued against everything else. Two family pizzas getting delivered to your home is one barrel of oil.

God knows how fail became feel.

I believe the deal between Democrats and Republicans on the new assistance programme is a negative catalyst for a correction on gold ad especially silver. If they feel to agree that is a massive catalyst to be in gold. I therefore see it as a bet on a deal or no deal.

The exit has a tight door. Some overheated miners now getting whacked.

Not a lot of liquidity on this share. Keeping others for longer term.

Thanks.

Have you folks caught sight of it. Could not get in on that one.

You may have seen the RNS on NSCI on covid-19 vaccine. Could not buy at 10p and now given up. The point I am making is that vaccines to get rid of this Covid-19 problem are appearing on the horizon.

Hopeless trying to get in. Another missed boat. Should help energy stocks.

The production cut from what I gathered was a volunteer cut for May and June. Tullow was 800 plus barrels above target in Q1. So the drop in May and June was 1400 barrels a day. I still think they will just beat 75,000 barrels a day for H1. Ntomme well coming on line in August should clinch the target in H2.

In the circular as mentioned before by Slift, the average barrel of oil sold up to 31 May was $52 barrel. If real costs were $45 a barrel in total than around $80M was earned by Tullow at that time.

For those who did not see it.
https://allafrica.com/stories/202007200086.html

Basically full steam ahead towards Uganda FID. Work programme to get there is set out. $75M to Tullow when done of course.

https://247wallst.com/energy-business/2020/07/27/oil-and-gas-short-sellers-head-for-the-exits/

BP short interest on the list.

Texas has reversed course ad Covid-19 data suggests a 5% improved recovery and a falling down from a plateau. California has a 3.5% recovery and is first positive directional change in weeks. Florida is a stand out failure in USA. 24 USA states are in a good recovery New York is up 9.5% recovery in just the last 6 days and New Jersey managed a 10.1%. Those last two States will join several others with similar recoveries seen in Europe. It is not all bad news. As for the bad news with Spain its temporary and a good thing. If they open up discos we can all see what happens and its a repeat of Florida on what not to do.

First quarter 2020 realised oil price of c.$56/bbl including the benefit of c.$27 million of net hedge receipts during the period.

From the 23rd April RNS. So they made money in Q1 for sure.

In profit already.

Bought for first time this morning.

We are seeing large short selling of USD.