Member Info for Tornadotony

The issue is whether the UK is going into a recessionary collapse and 2 months at 0.1% is not good, it is not a 2008 like crash which the utility performance is trying to imply. The last time NG behaved like this was a repo like crisis in the USA banking sector and the FED stepped in. There is genuine concern of losses not being declared on loans held by USA banks. The retail commercial losses on property are horrific and not included in the New York FED bank loan accounts which accounts for 28% of all their loan activity. USA FED is making huge losses on its balance sheet.

In the end, it implies more central bank money printing, which then makes NG a safe haven buy stock. The future dividend pay outs by most analysts are up. Only one analyst has suddenly halved NG earnings and it implies they are now running short and may not even be declaring it. Unless the analyst in question identifies the logic of their assumptions it leaves little for PIs to go on.

I have averaged well below the chart gap in the charts. The gaps to 990p are still present and 90% of all gaps would close within two weeks. I have plenty of cash to continue averaging down but waiting to see what happens next week. The issue is not about NG itself is how I see it. The issue is more of a macro market event.

I think George is a perfectionist and he has the time to be so when rare earth prices low thus far. I do feel he needs to start meeting timelines and deadlines and hit the ground running in getting funding fairly soon. Reetech has indicated issues of competency.

4 millions ounces in new reserves not given any credit. Gold bounces off a significant support line and Endeavour still gets hammered. This should be way higher. The average gold price sold can not be worse than the previous 3 quarters.

Rising triangle formation in chart completes at the end of this month. (Support meets resistance at previous RBW peak.)

Gold price pull back is probably miners selling their gold ounces into the market. A lot of miners have lower gold production in January to fit with equipment maintenance schedules and Chinese New Year can also be tailwinds for a higher price.

5 hourly RSI on 23. Below 20 is extreme oversold.

If 920 breaks it will be the worst December share price performance by NG in the history of this company as a private company. Getting hammered in USA tonight. This is not the month or season to see weakness in a company like this. It suggests a market wide crash both in USA and UK across all equities. This never happens two weeks before Christmas. The share is getting very oversold with everybody on one side of the trade. Contrarians being the only buyers now on what is made out as a falling knife on no real data. It suggest the whole AI trade is about to go underwater in a big way.

Coming months. typo

Earnings expected to be going 10% higher in comin. NG value has now been significantly debased against utility peers. Should be 100-150p higher apparently. Not far off the worse performance since 2000. Unless it recovers soon it is behaving quite differently then it normally does.

Reetech

Do you own any RBW shares and if so is it a reasonable number like 25000? Otherwise your curiosity makes no sense for such technical details. If you have no skin in the game why bother commenting here unless acting for a competitor. If you want to short the stock so we can buy a shed load at 9p, do so and say I am shorting this here pony as I think the CEO imop is an incompetent time waster. Many here will disagree, but we can live with honesty of what somebody thinks rather than all the gas lighting as if we are a group of village idiots. Good luck with your CFD short bet and be careful on the leverage as facing margin calls can be unpleasant on the wallet. Tony

Healthcare and utilities getting hit. Makes precious little sense at this time of the year. My buys in higher 940's to early. NG is getting seriously oversold on 5 hourly chart as it moves to 26 on RSI and stochastics remain on zero.

So Reetech wants to know all of RBWs intellectual property put out in the open for others to copy it. Have you asked the company and did you get the standard polite reply?

Reetech commentary is relevant to on-going producers. RBW production is Jan 2027 with any luck. The outlook in 2027 remains promising.

The only chart gap in the last 4 years to take a long time to back fill arose 30 August 2022 and was back filled 31 March 2023. 90% of all gaps arising with no RNS were back filled within 2 weeks.

We are now 30p higher just as it should be. Next RNS is reserves and resources probably in January.

Since 1 January numerous chart gaps were created on trading days with no RNS. Only 1 below the current price remains that is only 1.4p between buy and sell at 885.4 to 886.8p on 2 nd of July. It is small enough to ignore as the spread in share price and currency shifts overnight can create small gaps to ignore. However we have a large gap in the chart above the current SP at 983.6 to 990p. This is a much larger gap that needs to be backfilled. The pullback is also going against past December data and also the USA stock market pull back is expected to only last a few days before going into a Santa like rally. Consequently I added this morning.

90% plus conversion of 4.45M ounces as indicated to 4.1M as reserves. Also a lot more to add after DFS next year. Value added is at least $100M and should boost by 30p.

Recently put on their web

https://edv-14806-s3.s3.eu-west-2.amazonaws.com/files/3017/3313/4767/Endeavour_Mining_Corporate_Presentation_December_2024.pdf

The last comment was on a six monthly chart.

It has been discounted against GDX ETF and Barrick Gold by 18% since 14 November. The third quarter report was a week before on the 7th. The two RNS documents to emerge either this month or January is a feasibility study and reserves and resources report.