Member Info for Tornadotony

Markets are back in alignment between London and TX. London chart closed lower down in 1760's. Better footing today. To catch up with Barrick Gold needs to hit 1850 area.

Theo, please let us get past 5 April. A lot is unfolding.

At the present time USA Trump is allowing all tax breaks and trying to suggest massive savings everywhere possibly 50% on defence as of yesterday, Trump might pull it off or he fails to control USA debt. 100% tariffs on BRIC countries smacks of desperation not strength imop. If it fails for Trump and gold suggests it may do so then the FIAT printing presses roll. Someone will then guarantee LJ as all hell will break lose as the battle for USA to remain the number 1 super power is on and they will need all the friends they can get like Angola as any supply from magnets to rare earths via China is over.

Double checked the TX market gives a value over 1% greater than in the London market in current real time allowing currency adjustments.

Around 20p higher in real time.

Gold has gone up 60% since March 2023. Endeavour mining is completely unchanged and has gone up zero %. Even today gold up and this share has gone nowhere. ETFs have done marginally better today. It looks hopeless in trying to get anywhere on the gold miners. They also do everything to upset platform trading in the London market.

As we came up to 1330 we get a massive spread between ask and bid. London side of the market is utterly impossible to do anything. All the action is on TX Canada market side.

Messy chart and also unable to get quotes until 8.05 when we hit 1774p. A complete shambles every day for the London market holders.

Steve thanks for the article. It is massively undervalued against criteria just 6 months ago. The company confirms 4M new reserve ounces of gold, it pays off $250M in debt in the last two quarters, confirms 54 cents in divi next month, is set to hit near highs in annual production and it is valued less then before. It could be cash positive by the end of 2025 generating 1B in profits in 2026 which makes it 4.5PE and its a FTSE 100 company. Valued like a single mine operation company on AIM.

Again the shares took off past 1800 over in Canada. Currently 1794p. If we open below 1740 tomorrow it will be the third session in a row we gapped way lower and have a wasted day sitting on our backsides where as the Canadians can trade the pants off the stock and make nice profits and buy back cheaply on the London market when Toronto opens. Hopefully, it will rally tomorrow. We were left with a chart gap unfilled on the London side.

1792 Toronto close not closing on London time. London chart gap to 1765 area not closing either. Last Toronto gap was closed on their market side which gets higher SP values over what we get in London. The pattern of getting prices in London and rocket ship rallies happens to Toronto side. When London opens we get a useless lower open price which then tanks lower until Toronto opens up. Results in virtually no volume trading except END buying its shares.

Endeavour now underperforming barrack gold by 3-4%.

Rally is over and we managed to be over 1800 for just 40 minutes a few days back. Nowhere near 1950 area as before on a lower gold price.

SP

Fair enough.

Tony

Https://www.stockchallenge.co.uk/ftse.php

RBW at 545

Pensana at 551

Mkango at 574

All struggling with finance as all dealing with a net zero political mess. The key is for investment in these type of companies to count as defence spending in future government budgets. When that happens share prices rocket.

Https://www.stockchallenge.co.uk/ftse.php

Holding around 90-93 position in FTSE 100. Burberry only promotion contender.

Gap closed in Toronto and now back down to 1792p.

49p gap at the open 1760-1809p. Has to be back filled at some point (no relevant RNS causing deviation).

We have a very large market gap between London and Toronto markets and with gold pushed back sharply. Despite lack of gold supply (see Royal Mint with hardly any gold bars for sale), i wonder if it is just dealing with an overbought state and once eased the next charge up happens on the metal. I find these position in the SP charts interesting to observe what method will apply. The one share trade buy at 1809p for a split second is the most annoying and hopefully it will be different.

1809p currently some distance from it.

Decent close so only a little down on the day.