Member Info for Tornadotony

What are the chances from 0-100% of no funding?

What are the chances that staged funding arrives?

What are the chances that FSDEA throws in another advance of $5M as an extension to the $15M as a continued bridge awaiting a decision?

I have 50/50 and 70% advance extension for FSDEA wanting to continue to employ people.

Https://www.zerohedge.com/political/two-tidbits-timeless-political-wisdom-machiavelli

Highly relevant to incoming labour government.

Https://www.investing.com/analysis/gold-this-drop-could-be-a-bear-trap--how-to-play-the-potential-bounce-higher-200650212

Fingers and toes crossed.

Oops first week of August. I have done a Biden.

According to the quarterly time line schedule funding was due to arrive at the end of July or first week of April. Expenditure between August to November was to be over $18M.

Continuing to add, This miner is the most underrated compared to other gold miners listed in UK. If gold holds 2300 this should be 20% higher with production far greater in H2.

On zero two days before a bumper report. Hourly RSI now at 28 oversold. I have given up on 140p as it needed gold at 2550 odd.

Added more. Last presentation 39M ounces in reserves and resources combined. This is a huge mining company. Not surprised it is in FTSE 100.

Gold bounced off 50% fib point and we currently have a rally underway.

RSI hourly 16 stochastics zero. 5 hourly now RSI 34 stochastics at zero, Approaching Fibonacci 50% just $7 away.

Gold sold futures average daily price H1 was $2220 or probably $2217 spot price sold.

Gold futures daily price up until today is $2239.

Gold futures average for July thus far is $2399.

Gold miners have advanced on the basis of likely earnings. They are broadly earning 40% more income on 2023 average prices. The 95p Centamin price should then correlate with 133p. (Despite this recent pull back probably caused by options traders). Gold miners are not trading on several multiples of gold price increases but more aligned with average earnings in the past. Therefore they should not descend much in theory unless we get panic selling as they are still increasing their average earnings price above $2239.

Gold has just failed. Not sure what happens next as did not expect it to lose a support line.

Complete on 15 minute and hour chart. We either have a failed rally on our hands or the consolidation to go higher. We shall certainly know tomorrow morning. Fairly awful tactic one week before most miners report if it fails.

Https://www.mckinsey.com/industries/metals-and-mining/our-insights/alternative-financing-in-mining

What Pensana are trying to pull together. Yesterday it was confirmed that Trump gets it to what China is up to. The company needs to get to November and then finally a policy of independent sources from China will be a more formalised policy. Any country not supporting that policy can not export product with Chinese materials under cutting the market into USA. UK and EU need to do the same thing.

The move on gold is 6.8% thus far and I suspect has at least another 4% say another $92 per ounce. Low end target 2558 possibly next week. Centamin should be 140's soon.

Important RNS as far as I am concerned. The company is now far more competitive in product development. This should elevate interest.

Come on Centamin.

They have performed the same over the last 12 months. Both have been dealing with debt issues.

The Facility is conditional on obtaining guarantees from the relevant export credit agency for which discussions are well advanced. Back in February. Have they completed yet?

A bit like Randox supporting the grand national here in UK. The advantages may lead to Centamin getting the best of employee prospects on any future vacancies they have within Egypt. They will have a huge advantage if any small company is seeking a collaboration on a large discovery find and also it generates a lot of good will with EMRA as Centamin will be regarded as an ethical business partner. The sponsorship has some soft power.