Member Info for Tornadotony

SP 500 support line is 5741.

Steve,

The USA market bounce was off 200 day support lines. Important to mark them out as any failed retest leads to a major market correction to down-side.

Https://news.metal.com/newscontent/103188017/New-Regulations-on-Rare-Earth-Mining-Set-to-Be-Introduced-Spot-Market-Confidence-Surges-Rare-Earth-Permanent-Magnets-Concept-Strengthens-[SMM-Commentary]

China turning over a new leaf perhaps.

Https://news.metal.com/newscontent/103188017/New-Regulations-on-Rare-Earth-Mining-Set-to-Be-Introduced-Spot-Market-Confidence-Surges-Rare-Earth-Permanent-Magnets-Concept-Strengthens-[SMM-Commentary]

Puts a floor under rare earth prices on Chinese side in future.

In theory the 1607p close l563p.

Canadian dollar has devalued sharply against the pound. Hence why we may have seen Canadian side valued Endeavour higher before this devaluation event. Devaluation is 2.7%.

TX latest is 1590p.

Steve

Gold up 0.6% and endeavour down 2%. We have whales trading on this stock and it is hopeless trying to guess which way this will go. Logic says this should be near 1600 at least. No chance of that happening here.

Steve

I have short and long positions currently in play on Endeavour. The Canadian market has been consistently closing 14p to 20p higher over closed UK market positions. The volumes on UK side are low. I am not sure how it will play on reporting. The company has not reported reserves and resources on its existing functional mines that were due in January.

I was correct about shorts closing on Friday. 1582 close on TX.

Reetech

I could not believe that in the oval office that the Ukraine president would not agree to a ceasefire if Russia was prepared to do the same. Totally agree rare earth discussion in Ukraine is a side issue and its probably uneconomic to exploit.

TX managed to close the chart gap created yesterday. Plenty more above it.

I am wondering if Endeavour shorts are closing?

Steve

The bullion houses with 6-8 delay in delivery are licking their lips. Probably getting loads of cheaper gold. Tony

A critical support line is at 1449p. A further support line was touched at the open 1486p.

Steve

My recent moves are similar with La Mancha and Blackrock. Playing a patient game here. I have more to add at some point. 2024/25 was another good year overall. 2025/26 is probably my last year of managing things myself. All the best Tony

Wild Coyote drop. Next gold support on spot is $2834.

Gold is fighting back.

1591 and rising.

The same spot price as 10 February and the share price was 1781p.

There is so many gaps in the Canadian TX market that at some point they must close. The gap created today was equivalent to 80p in the stock price. Imagine us waking up to a 1465p open tomorrow and the only RNS was the company buying shares. I know when the price was 1567p the gold price was around $2760 per ounce. The share price has priced in another $120 per ounce drop in gold. Q1 is likely to 300,000 ounces with a $1400 margin.

The company has not provided reserves and resources on the 5 working mines and I hope some of our readers are reminding the company as I have done for an update.

Tony