Member Info for Tornadotony

Thanks for keeping me in profit and of course holding.

share not hare missed that typo.

The 100 and 20 day cross appears to act as strong support around 28-29p area. The big upcoming event is next week with our CEO at the helm. I thinks its worth some kind of increase and the hare in part has been held up for the event. Hopefully the new CEO has a spiel on improving shareholder and wider stakeholder value. I do not mind if he follows the lead of BP and shell and wants a more diversified energy company. This would attract a lot of investment funds.

I suspect a common element in repeat incidents of small breakouts of Covid-19 has to do with air conditioning systems. If it is, a breakthrough in managing this pesky issue would go a long wayto resolving delays in recovery from the first wave and help prevent a second.

I suspect Angloashanti is the most likely company with an interest in Shanta as they already mine in Tanzania with the Geita mine which produced 604,000 ounces last year. Whether they were interested after selling a gold mine to Harmony based in SA is perhaps another matter. Tanzania offers lower AISC.

I am quite happy with the off loading of the Uganda asset. The $575M has virtually no tax bill associated with it and offsets whatever Tullow invested in the past. This deal is worth around 5.25 years of Uganda oil production at 20,000 a day at $60 without the risk and cost of building a pipeline, without the risk of anything ever happening to that pipeline during production over 20 years of life that runs for many hundreds of kilometres, that somehow that heated wax may never solidify and become the biggest candle in the world if the heat source were to ever fail, that it also is never subject to security risks or a Tanzanian Government that decides it wants to control what flows through its country or what charge it wants to levy on it as a rental for having that pipe run across its territory. The sooner this company is out of east Africa the better. The Uganda project was to big for a company like Tullow. I can only see small minority of shareholders not accepting the deal from Total. The issue for Tullow is that the company has to operate conservatively and reduce operational risks.

Volume up 150% and Fresnillo pushes on. Two weeks ago it failed after two days. We shall see if this break has legs after next Tuesday.

Some of you know that I like technical charts. Shanta has performed nearly identical to Centamin over the past year on an annual chart comparison up to 2nd June where Shanta then outperformed Centamin which is now trying to catch up to Shanta. So for small company like Shanta that chart pattern is impressive when compared to a FTSE 250 gold miner. My last buy was another average down.

25,000 just bought is mine.

It was interesting to note that Singida was to be funded from free cash flow over an 18 month build plan. When completed Shanta annual production rate was to be 115,000 ounces per year. The Kenya assets through exploration was likely to grow to 3 million ounces as a possible target. I question if the share price will ever see the likes of 6p for another 15 years when gold has been mined out. It will be a case of buying the dips when they arise. A recent acquisition of a gold miner yesterday was 5 million reserve ounces for $221M. With the high grade available on the assets and underground potential I would value Shanta at a similar price if anyone bought the company which is 21p.

Remember Dorothy was on a BoE committee and not there to click some red shoes.

Am I missing something. Added at 311.8p. Can not understand why this share is so low today. Will add more if it goes any lower.

Around 40% was the final UT trade and was last under 550k back on 17 Feb. Yesterday was the reverse of what I thought might happen although ARCA HUI dropped back considerable on USA close. Logic tells me this should be lower but maybe its on a journey to close the gap at 794p. The only countries with true second waves are China and Indonesia/Singapore. Everywhere else is first wave. China will solve its problem in the usual stern way.

More financial volume of shares traded on Tullow than Fresnillo which is in the FTSE 100. However you look at it the interest and activity is here.

At least this has decent volume being traded unlike some FTSE 100 shares I can think of.

Early pace setter flew out the gate but now we might see the selling starts as things pull back. Volume is incredibly low at 224,000 with 90 minutes to go. Precious little liquidity.

Not sure how far but if oil and silver are up and gold drops to support lines we could see 740p. Odds probability say 5/4.

Crockedskier

If your utilising your entire CGT allowance each year which is over £12,000 after paying all or any broker fees why worry about it. (In many case that is very common). Secondly, with HL if an order is put in the book to sell or buy they often do better on the price and cover all or most of any broker charge anyway. If your worrying about broker charges you should not be trading the stock. Regards Tony

Gap between 316 and 319 underneath for BP with resistance at 329/330 at present.

For Fresnillo we are waiting for an afternoon move on gold. Currently sitting on a pivot point at 1724 futures area. If it breaks down support at 1716 and 1711 but the line in the sand is 1690. If it breaks upwards it has to break 1733. Currently a coin toss how it goes but Bollinger bands getting very tight for a move in either direction. Fres has a little support at 750/751p and looks weak 10p higher and needs gold move to decide what breaks support or resistance.

https://uk.investing.com/commodities/gold-historical-data

I use Hargreaves and Lansdown charts to make comparisons between stocks or a stock and commodity price etcetera.

We have another low volume day with metals declining and Fresnillo now starting to struggle on 760p after a steady rise thus far.