Member Info for Tornadotony

6-9 months was requoted as being later this year.

The cat is out of the bag as it will take until December until the results of optimisation are completed, whatever the best result they come up with. If the recession call for USA does materialise and I believe it is likely despite so many denials in the media, then lower share prices just about everywhere could materialise. Some cash in the equity portfolio is probably an asset at this time.

Chart implies major news in 5 weeks. Takes us well into April.

The chart currently suggesting lower high that is below the 1981p peak on weekly chart. If overweight on the position with profits it may be a useful top slice. Howeve, a break above 1981p invalidates the risk.

Https://www.ato.gov.au/individuals-and-families/investments-and-assets/capital-gains-tax/shares-and-similar-investments/when-you-can-claim-losses-on-shares-and-units#ato-Sharesmustbedisposedof

Get on with it AS against the gain that you may end up paying tax on. Your loss when materialised is an asset when you want to reduce what you pay in Capital gains tax.

TX is at 1697p and we are at 1672p the gap is now 25p.

Average gold price in 2024 was around $2360 per ounce. Average Endeavour price was 1610p.

Average gold price in 2025 thus far is over $2800 per ounce. (Endeavour has less gold hedged this year then in 2024). Average Endeavour price thus far has been 1611p. Gold sold is 16.6% higher on gold sold and Endeavour should be trading at 1867p on a 1 to 1 multiple ratio.

It is called dick waving. Probably caught it watching events in the oval office.

1721p

JB

The clue was China granting approval of insurance companies the rights to buy gold last Friday and Hong Kong gold storage at record lows on Wednesday Tony.

Oh dear.

Optimisation expected to be completed in 6 to 9 months and production early 2028. Hence the drop from 12.25p. This might test 8p area if equity markets continue to pull back. Q2 will deliver two RNS outputs. One on Brazil project and other Opex etcetera on Phalaborwa.

Gold has a double top. Make or break to new highs. I believe its a new high inbound.

Got in under 1580p. In theory, I would expect this share can not really do much until Canadian open when their divi is taken off.

16% bought in share buy backs and the previous day it was 10% of the volume. All those holding shares this morning qualify for the 57 cent dividend next financial year (around 40p). The share was up 1p yesterday. Helpful if the company provide an up to date list of institutional and other entity holders above 1%.

I hope it is not all from La Mancha selling down again.

Gold stored in Hong Kong has hit an all time low yesterday. Last Friday Chinese Insurers were allowed to buy gold. Again parts of the global market are very short on physical gold. As for Endeavour it has absorbed the largest share holder reducing their position from plus 18% to plus 16% with half of that position taken out on share buy backs. Perhaps not a huge headwind. but it takes out an entire week of share volume on the sell side and probably stopped a run higher above 1815p on the last rally.

Https://www.zerohedge.com/news/2025-03-10/ukraine-rare-earths-deal-empires-fatal-mistake

Asia puts a floor on gold, SP 500 and DOW. They have stopped their selling. Perhaps a day of calm and reflection to settle in the markets. Perhaps a day of not buying the dip, but allowing things to settle and see what Donny does next as he has struck out in baseball terms a couple of times in a row of late. A Russian ceasefire in Ukraine would be a homerun result.

Asian market closes gold on lower price. London market closes gold gap higher. SP500, DOW (and Nasdaq premarket) have support lines broken again. We shall see if mispricing USA equity assets continues amongst global selling elsewhere.

What Trump and everyone else is possibly observing is that disruption has unintended consequences in the actions that others will then go and do.

Expecting it may pull back from 1645p area to close European gap to 1606p especially if gold retreats.

Support broken again. Important to have some cash in the portfolio. Baby gets thrown out with bath water time.