Member Info for Tornadotony

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.

The official short is a tiny fraction of the total say 0.06%. Hedge funds or institutions are using derivatives and CFD positions that do not allow us to see how much their short position is. They are doing this on high margins and playing a dangerous game. At some point buyers will go in and create a short squeeze and we will sign a high volume of trades go through and the price bounce up 30p or more. The lower the price goes the more likely the short positions and CFD bets and their derivatives get taken out.

I can confirm that the performance is the second worse going back t0 year 2000 for the month of December. Between 2002-2010 the share price rose for 2000 it slipped just 1.4% and 0.67% in 2001. 2011 saw a drop of 0.4% and 2012 was a higher close. Only once in the last 24 December's have we seen a big drop like the present.

A case of the baby being chucked out with the bath water. Happens all the time in the stock markets.

USA close was 955p.

Along with many other stocks.

Along with many other UK dual listed stocks.

Absolutely correct. Dividend up on total payout, but spread amongst a greater number of shares because of the RI and hence lower per share.

China, I hold no shares in Hummingbird and you are dead right. The management of that company was and is utterly hopeless.

I know the response will be its market sensitive and yours truly will need to wait.

I can not wait to read Theos analysis of the presentation itself with commentary on how many people would fit in one of those tents and would they stand up to a good windy storm, why someone would not wish to study in Scotland, especially this time of year, and how much responsibility is given to a 24 year old who is the national manager of the company. (Again like Theo I am being humorous before anybody gets a tad sensitive). Tony

Can not see that arriving as we get within two weeks of Christmas.

Https://www.marketbeat.com/stocks/NYSE/NGG/short-interest/

Going short State side.

2 Standard deviation is at 939p. Below 895p RSI is approaching the low teens to single figures which is quite extraordinary. AT 932p RSI enters very oversold heading towards 20 on the daily. This is getting seriously hammered if it continues to drop. Utility indexes elsewhere are going up. Someone has to be shorting the stock with quite a large volume.

Sitting on a major support line and oversold. Stochastics on or near zero across the board for days now. If they blow out the support line this enters severely oversold on RSI at 27 on 5 hourly chart.

Yes.

In the following years it will improve to where it was before as earnings increase higher than previously against the higher number of shares from the Rights Issue. Probably in 4 to 5 years time. What the share price may reflect what has happened to the currency in UK and USA.

Hi Ben

The problem is that the offer is part of a rescue to save the company. Let us assume offeree agrees with 2.67p =$25M and all the other debt is say $170M. It has an interest rate on top of it. The offeree has also another problem of several years of no income from the project to remove debt and then finally earns money. The reserve life is 6 years for the new mine. For simplicity lets say they get 100,000 ounces out a year and make $750 ounce profit per ounce and it can all be used to get rid of debt and debt interest. Year 1 has $195M debt after going private take 7% interest per annum= $208M debt - 75M profit = 133M year debt start of year 2. Following year 142M -75M debt = $67M and by end of year 3 the company has $4M shared with governments to give a net $2M. The following 3 years after tax, royalties and additional capex just in maintenance etcetera $105M profit say at the end of 6 years. This equates to 17.5M a year. The company original $95M and all what they gave to Coris and other debtors tied up $170M on investment for 6 years to earn $105M. The rate of annual return becomes just over 10.25% to pay against all those high private investment salaries. In my opinion, if you get an offer of 2.67p. I would grab it and run.

Got it back into the close. Hope we get a rally next week.

10 minutes to go they take out the support line.