Member Info for Tornadotony

No longer oversold on the daily with hourly approaching overbought RSI at 65. Interesting to see how they play this with one and half sessions to go before ex-divi. Buying for the divi made a lot of sense at 830-840p. Less of a bargain at 907p.

Coming up to resistance around 905p and closing USA chart gap especially as pound has now strengthened against USD. Likely to edge back on USA open as divi dodgers start to make their play. SP drops about 40p on 6th June as go ex-divi and the nil paids are bought and can be traded. NG likely to put in a post divi low.

Another company that used shortly was Nanoco on 24 January. Shortly arrived on 11 March at 2024. In this case shortly became a very long 46 days.

AAZ used the word shortly on 17 April and today marks the 47th day of shortly.

Gap closed at sell buy mid-point.

Bounce peak position now identifying resistance area.

I sold the ISA position at 904p this morning but held all the trading account NG. A chart gap from 881.6p was likely to get back filled. Will rebuild the ISA position post divi. I suspect others who use technical charts also sold this morning. NG had no RNS to generate such a breakaway chart gap. The bounce was nice to have and gives a good idea where a good entry point on NG sits.

I will include Centamin when I go back into buying gold miner shares. I very much appreciate your communications to the company and sharing responses with us either current investors or those who are likely to be so in the near future. I share the view of several gold eagle scribers that we may see a June pull back in the gold sector, but it is needed to fuel the next rally and is not a negative reflection of Centamin performance.

All the best

Tony

Cowichan

The last 2 occasions I was 100% off Centamin the share price collapsed by half. I have noted your warning and will make a decision in June what to do with this one. Thanks for letting us know about $100M possibly coming off Centamin accounts after a Government audit of their accounts. If we see a big short open up on Centamin it might indicate accounting fraud which is extremely serious especially for the share price.

Although divi has to come off next week. Well done for those who bought over the last few days to get divi.

Reetech

If the higher quotas are based on high grading out mining resources then rare earth prices sky rocket in following years. Issuing quotas does not work. We all know what is going on here with China manipulation of supply. Hence why tariffs are likely to be applied to protect non-Chinese producers. How much of the export goes to Russia for building missile systems? We all know China operates on a red card list system annually, where all companies making huge losses are made up under red card payments in January before the Chinese New Year providing they have done everything the Chinese State told them to do. As a consequence, you have cities built where nobody lives there, EV cars that a lot of people do not want to buy. The economy of China is a zombie factory. They have fast manufacturing techniques but as labour reduces even that advantage gradually falls away. China of course ignores and disrespects other countries intellectual property.

The market maker is sitting on loads of shares where holders have not taken up their rights. Blackrock chose not to take up their rights so far and that is several percent of the entire NG share holdings. Other institutional holders who keep little cash in the balance sheet may have done the same. This in turn has depressed the price far deeper down, but eventually the selling will stop and a bottom will be in place. The only advantage of buying a little now is collecting 39p divi next week and buying more post divi as an average down. Those with less cash might wait post divi and go for a lower bottom price position.

Today we have a buyer. Hopefully a higher low in the technical chart.

The forward debt on NG was £18.3B and pound was $1.48. 2010 annual report.

Fleccy thank you for your deramping on NG as it has enabled me to get cheaper shares with the up coming divi this morning. Keep up the good work.

IDOM

Boiler house operatives can get a bit anal.

At 10.3p and it still pulls back. God knows what is going on here.

People with a history of less than 200 posts giving their financial advice on here. Probably a crew in a boiler house going short with CFDs. As NG drops from here I will keep buying. 70% of my portfolio is cash at present. Time to put some of it to work.

First buy in the ISA at 838.8 just 500 to build position.

Market makers and broker in a panic with to many shares to off load.

Could not resist sharing this one with you folks.

https://www.zerohedge.com/political/zero-percent-down-mortgages-return-what-can-go-wrong

Ronjon,

Correct on the drop on nil paids which has fell in line with ex-rights shares. The motivation of the market maker is to encourage nil paids to be bought and not sold. Otherwise the market maker has more shares on their books. The share price will keep falling ex-divi. This will be highly attractive to buy when that low comes in. Can sit on it with a plus 4.5% yield.