Member Info for Tornadotony

David what we do know is that it was massively oversold and the current RSI on the daily is only 37 and stochastics on 25. To become over bought it would probably need to hit 9p. There is no way of knowing if some amateur thought it was clever to take out a short CFD and are now in the process of closing the position. The RNS would have flushed them out publicly. It was very difficult to buy stock this morning which again would not be the case if a major shareholder wanted to get out. I could not buy 50,000 in the morning and could only get in at 30,000 a pop. Tony

The company would know if a major shareholder was selling and would not issue an RNS.

The company would also know if warrants were being cashed in.

What happens when an entity uses CFDs to go short? Not sure how that works. I thought short trackers followed shares loaned out for shorting but not sure if they pick up CFDs which incidentally is what a competitor company would use.

Competitor companies are probably behind it to try and stop and independent supply chain forming in the UK. It is in our National interest to buy this stock. Time to back Britain and hopefully we will get a leader who will put tariffs on countries that manipulate the resource market. Buy to back Britain and make it great again.

This morning it was really difficult getting into cornish metals which had a really good RNS.

Shorts getting a barbecue treatment. I like mine well done please.

Short squeeze time.

Managed to finally get in with 90,000 with 3 buys at 30,000. Very difficult to buy.

Why

The RNS is not providing a lot of information. Typical Betts RNS. The dispute has done a lot of damage which I estimate is another $15M in costs. All of Q3 is a recovery operation for Hummingbird.

The loan is 11% of the enterprise value of the company that needs to be discounted off the current £75M. The company in recovering the loan is writing off 14,000 ounces of gold sold to repay the loan by September 2024. The RNS did not give give a target production output. Overall neutral RNS at this time imop.

Thanks for finding the article cadellin.

Https://www.mining.com/crma-rare-earth-elements-a-potential-blindspot-for-eu-policymakers-and-industry-report/#:~:text=%E2%80%9CThe%20outlook%20for%20rare%20earths

Courtesy of cadellin on rainbow rare board.

I presume everyone expected those figures after data given in the Q1 report.

The first was a completed reserves/resources update and the second was a flow sheet final results in the back end operation State side. The next RNS was South Africa permitting around July. It is time to deliver on this as a DFS, financing and construction were all to happen in the next 24 months.

Reetech

Treo percentage is a quarter of that found by Pensana in Sulima West in Angola. Sweden is a hugely expensive place to mine ore and I doubt if they will find a partner company. No contest against Rainbow Rare on cost and volume produced per annum.

Thanks SP

The issue in rare earths reminds of what happened when fracking lowered oil prices. The fracking models high graded resource uptake from gas fields and in the end the fracking gas fields became depleted quicker and could not pay back bank debts. China has high graded rare earth resources from its mining especially where it was sourced from imports elsewhere in Asia. Several years of high grading lead to lower grade mining resources and the economic yield reduces. China has pursued the same failed policy as USA used to hit the Saudis a decade ago. In the end mining and resource uptake has to be undertaken at a particular target grade that is sustainable and economic. It then leads to the correct price discovery for that resource. Hopefully this will now happen with the correct use of tariffs. Hopefully China will stop high grading and move to the same economic models as non Chinese owned rare earth suppliers. The playing field then becomes more fair and tariffs can then be removed and the market is sustainable. Tony

Probably adds a penny.

How will they get on with 400% tariff on Chinese EVs from USA. That is like 400% on Chinese NdPr prices. Hopefully EU follows the USA.

400% tariff on Chinese EVs by USA. That is 400% on Chinese NdPr prices when you think about it.

I am staggered that a tiny increase in USA unemployment just as University students graduate in USA and some decide to sign on and then join a protest group then get a paying job is a good reason to pump up the gold price. The jewellery and physical markets have collapsed across the globe. Only a handful of central banks are driving the gold price. The total amount China central bank purchased in April was just 60,000 ounces. I wonder if this is a paper rally as Comex ounces stored have been increasing not being withdrawn. On some days the withdrawn amount was zero ounces.

Someone was unhappy about it. Logically a deal like it would not be arranged if the tailings dam extension was not going to be improved.