Member Info for Tornadotony

At the peak it hit £2221 and closed at £2188 per ounce. Gold prices in pounds is quite something. A gold pound coin was sold £1700-£1800 range last March to buy in the market above the spot price and the quote for a coin today is £2284 above the spot price. To think Endeavour proved up 4M ounces in reserves as reported in December in just one gold mine field. Value wise that move on reserves was an extra £2B or $2.4B. The market has yet to take that development into consideration. Reserves and resources on the other 5 producing mines may arrive soon. Tony

Another 0.5% down this morning. This share should not be falling as the currency has devalued already 0.5% this morning and 5% over the past two weeks. The devaluation value is around 70p and gold is far higher than it was.

The point being made was against that crypto currency coin and how ridiculous that millions were wasted on it. As usual you did not see the humour about what is going on in the USA market. As stated by Gold eagle narrators over the weekend it shows a mockery to private investors that something like Fartcoin is on the market trading. In fact all of crypto is a waste of time and Trump wants to support it.

892p is a key support line.

The UK currency has dropped against the USD by 4.7% in the past month. Considering how much NG makes in USA, I thought it would be doing better.

Not 8.8 coins but 8.8 Billion coins. It is worth a ninth of the Fart coin enterprise value.

Pensana value is currently worth 8.8 Fart coins. Fart coin value is currently around $826M or so and is backed up by nothing on the stock exchange.

Https://coinmarketcap.com/currencies/fartcoin/

Could not resist posting this. I can not believe people would buy and sell that this stuff.

The only good news is that Motley fool came out with a recommendation not to buy National Grid shares around 3 hours ago. I regard it as a contrarian signal as every time they say buy a stock it turns to muck.

So much for a higher low. It would need to get back to 922-923 area. Looks like a bottom draw share for some time. Indicates market wide fall out. NG will eventually be a safe haven play as everything else gets floored.

Another made up figure on NFP. Probably part time Christmas workers.

Interactive brokers who are 6th on Pensana investor shares list of holders can loan out stock to short on Pensana. Hargreaves and Lansdown and many others on the Pensana list of holders do not do this. Those holders in Interactive brokers who want to block their shares for being used for shorting should put their shares up for sale like for 200p for several months and this will prevent the possibility loaning out their IB shares for shorting in the market.

Not intended for financial advice, but general information that can be found by looking things up.

Tony.

Hilarious, I nearly choked on my coffee Chinasyndrome and I will except your commentary as an attempt of good humour. I have been very successful trading stocks and shares for 14 years. What I love doing is researching. I have a lot of curiosity and it has served me well and it is like studying in a library. Pensana has Trump to deal with later in the month as an unknown in the rare earth markets as well as the Chinese government. Perhaps Rachel from accounts (our chancellor who thinks she is an economist) has offered to sell the Saltend site to the Chinese like Starmer has done on Chagos islands. After all we have idiots everywhere and somehow have to get through it all and remember to hold are own principles by acting with intelligence.

All the best

Tony

I for one was certainly not giving any advice on finances and retired from a reputable successful company not beginning with an N, but it may have been the reason why the CFO sold half his Pensana shares if the same issue in South Africa applies as it is here in the UK was the context. A CGT allowance of just £3,000 is well down on the £12,000 limit that previously existed and explains why nearly £10 B came out of FTSE shares into interest paying accounts that have little risk in Q4 2024. (That is not financial advice of course, but was in the newspapers.)

Not surprising when Energy minister wastes 5.8B B in emergency gas supplies to get us through one night and welfare bill has rocketed higher.

The real action kicks off after 1430.

The company only needs to get past 5 April 2025 to remain as an asset for traders and investors who are very successful elsewhere and need Pensana share losses to off set capital gains tax liabilities. Hence why so few people trade it, especially institutional and hedge fund holders. Any RNS to say they have resources to keep in business past that April date would keep the share price quite stable.

It will be interesting when they close. Very interesting.

Risk of interconnector capacity being exceeded. Without NG the only thing we can do is shake the bones.

Https://www.marketscreener.com/quote/stock/ENDEAVOUR-MINING-PLC-1409834/finances/

1428% earnings growth for 2025. Has to re-rate sooner or later.

Https://www.marketscreener.com/quote/stock/NATIONAL-GRID-PLC-34973324/finances/

The data and forward projections are very promising for 2026 and 2027 with 8% and 12% earnings growth. 2025 is a bottoming out year. 16 analysts give a huge spread of forecasts for this year but lowest target of all of them was 970p. We still have a gap target in the chart for the 980 plus area and every gap chart created without any RNS signal has been back filled usually within the same financial year. Overall, I remain optimistic. Afterall Fartcoin has a value around 25% of NG and is backed by nothing. $123M was traded on Fartcoin cryptocurrency a couple of days ago and it was wirth the same as 3000 companies on the USA Russell index. I am sure NG is a lot better value than Fartcoin but sadly has not gone up 2940% in recent months.

https://www.coinspeaker.com/coins/fartcoin/#:~:text=Today%27s%20live%20Fartcoin%20price%20is%20%241.43%20USD%2C%20with,decreased%20by%205%25%20in%20the%20last%2024%20hours.

All the best Tony

PS I do not own fartcoin or any crypto.