Member Info for Tornadotony

Https://www.hl.co.uk/charges-and-interest-rates

At least two RNS outputs are now due.

Ken

I got my interest today. Check your account under last 30 days and you will see it there as 9th June.

Tony

Ken

It never goes through on the 9th on that day, but the transaction record will show it is as being on the 9th when they get around to it later in the month. The real course of the delay depends on trading activity across huge numbers of HL Vantage/ISA or whatever trading account holders on the platform. So if in May trading activity was apathetic and very low all the interest would get paid earlier as the change in cash held was less volatile day to day. If in April there was a huge trade volume it takes longer for the system to provide the correct interest as so many accounts would have variable cash held day to day. When it does go through it will be listed as 9th of the month on the transaction record although it mysteriously appears quite a few days later. Do not worry about it you will get the 2.5% on any cash held.

Tony

Another example was published in zero hedge today where counterfeit titanium from China was supplied into Turkey and ended up in some Boeing dreamliner aircraft as it was identified with having corrosion. Documents from the Chinese supplier were all forged. If they are prepared to supply fake titanium to be fitted into cargo doors and heat shields near aircraft engines one has to consider the possibility how genuine Chinese rare earth products might be.

There was something on the Centamin website that supports what you have written Dasut.

Should also comment the ETF Van eck for gold miners is up 0.5%. This morning was an excellent opportunity to buy.

Your right about any time. Daily RSI has now hit 28.

Just this week the average went up from $2206 to a current $2210. That is $255 per ounce higher than in 2023. The level of profitable is 45% higher yet the valuation accredited is only half that rate.

I am all in and my cautious other half just bought CEY at 111.98p this morning. It is so oversold with slow stochastics on the weekly on zero. Daily RSI has been around the 30 mark. The earnings by Centamin this quarter which includes unsold from some ounces in Q1 is just huge. Centamin is undervalued at $2300 gold prices. The company could well be over $200M in cash. Share volume activity is low.

544-545p.

Silver has held the $28.95 support line. It has strong grade support at $26.3 area and the 100 day SMA on daily chart sits at 27.15 area. In sterling silver also rests on a rising support line going back to 27 March. The key for silver is to hold where it is and edge upwards slightly. No company will build a new silver mine if this pulls back to $23 and it would require considerable recycling to supply the market needs. We could be near the nadir early summer low.

Manufacturers after Covid have been reviewing supply chains. Only a minority followed through with re-shoring as some areas have difficulty recruiting committed workers into particular factories, some jobs require lots of skills training, some have unfavourable tax policies putting up hiring costs and so forth.

A far more favourable strategy whether, materials, components or skilled manufacturing was to have a complete second supply line. Therefore if one sourcing route failed they had adequate capacity from another source. So if the main source for what they needed was China, they had supplies from Mexico and Malaysian. The advantage and relevance to Pensana is of course the offering of Angola as a source of rare earth concentrates of ores. What is key is for Pensana demonstrate where such contracts are in play and they fulfil a critical role in secondary supply chains.

USA unemployment is starting to trend higher led by California. First rate cut looking likely for September at a point much closer to USA election. Back drop to financing gets a tail wind on that front. We await to see what happens with NdPr pricing per tonne. Once China has partly satisfied their home market they may want higher prices for export to get more foreign currency reserves.

Perhaps holding up for USA open.

I have added more the cheapest at 538.9 area.

Seriously below 500p as if all the high prices for 11 weeks count for nothing.

Daily slow stochs on zero. 5 Hr RSI just hit 30. Heading into oversold territory. Company has earned $46M additional profit after tax in Q2. 40% of all that was earned in 2023 made in just one quarter. Q3 could end up the same.

Centamin may have bottomed this morning.

AS it depends on NdPr price moves. If the metal prices recover so will PRE.

Clive

Jessies Cafe Americain predicted whipsaw move that has just completed this morning. We are approaching the nadir in the gold pull back. Centamin can do well when this passes. Last week of July Q2 report should deliver value. Tony