Member Info for Tornadotony

Those were sells that anyone could test on a quote.

75% vote to be approved is a high level to obtain. However, it is not impossible to go through no matter what we think as we do not know what goes on between all the institutional shareholders. Another problem is how do the Board respond to a no vote and how a complete mess they created then gets resolved. There is no guarantee that Patels would take out more loans to bid higher. We also do not know how mine staff will react as they were promised the status quo if the takeover went ahead. In fact what is becoming more concerning by the day is having no other offers on the table. I placed Gold Fields as best bet to make an offer, but they may be preoccupied with problems at Salares Norte (Chile) which as a project has some similarities to West Kenya on project size.

My advice scottkent is for you to do some research and not just rely on message boards on what you decide to do with your portfolio. I say all this to give some balance as there is a lot of unknowns and that is a big part of our problem we share here. None of us are financial advisors and if you became unhappy for whatever reason I can see you blaming folks here. All views we give here are ultimately our own opinions. Tony

Oops today is wednesday! it sits tomorrow morning.

Https://www.guernseyroyalcourt.gg/CHttpHandler.ashx?id=103648&p=0

Contract Court only sits on Tuesday and Thursday. It was open 9:30am this morning.

Always ignore a CFD holder going short or with real shares who constantly promote their agenda and have less than a 100 LSE posts. They behave as if they work in some Indonesian sweat shop as it probably feels like an end of world place to be and put all that ire on the LSE Board. Use filter if they annoy you.

Give things a week or two. We shall soon see how many idiots get pulled into newly approved crypto ETFs and a week later wish they never got into it as they get totally fleeced. Like an IPO that everybody rushes into and then a week later it is half the launch price.

Hopefully, the share price establishes a higher low at 12.6p on the 5 hourly chart today and moves higher in the coming 2 days. The peak 5 hourly chart for the high was at 18.2p. The share was moving way to fast towards 20p as a lot of entities wade through data and decisions to make. The way to slow things down is getting near the previous low at 12pas today, but creating a higher level of support that was achieved by the close of today. We should know tomorrow if we will see another run at 18p, but hopefully over a longer time frame of several days. Various bodies will be doing their own due diligence processes after applying their own peer review decision systems.. These take two weeks to work through so that various boards are acting on agreed information and risk analysis outcomes. A lot of people are deciding do they write off or continue the project and if they continue on what terms.

It is likely in my own opinion various funders want to get the project done and the second part of the analysis is the funding mechanism and likely exit strategies that different contributors need to achieve. The price fall today had nothing to do with this, but a fear of a second wave of inflation impacting the global market was impacting many shares today. Freight rates have doubled again because of Red Sea avoidance measures. By next week another problem may arise to divert market behaviours quite differently on what was considered important today.

Overall I hope my theory of a higher low towards a slightly higher high in share price and of course it may go back to another higher low later is the current dynamic but maintain another higher low in the 5 hour chart patterns. I am not trading or acting upon these moves myself and await a future RNS. The key question is whether the world wants cleaner nickel production at a price that is affordable and is an enabler towards climate protection influencing nickel product buyers. I sense the answer to that answer is yes after all the climate impacts of 2023 and the high cost they impose on so many of us.

Tony

Https://www.bing.com/videos/riverview/relatedvideo?q=dunmb%20and%20dumber%20clip&mid=3A133F35F597725708FD3A133F35F597725708FD&ajaxhist=0

Sums up the maths.

Https://www.centamin.com/media/3007/cey-rns_edx-update_final_080124_website.pdf

Hopefully the above shows the drilling better. 2 interesting points the geology identifies gold in granodiorite layers only. Find that layer identifies where Nugrus gold is more likely and the length and grade was good.

They are trying to get presentation papers on how and when this is done later this month according to the 20 December RNS. A lot of things are not in the control of Shanta gold regarding time line hence may be completed by end of H1 and 19 October as long term withdrawal date clause.

Annoyance of George missing a deadline target yet again. It is far better to deliver above expectations than constantly being later than expected.

I am very encouraged by those drill results.

I do not recall ever having a portfolio share with the monthly oversold stochastics on absolutely nothing.

Daily RSI 23 and the weekly RSI on 29. The stochastics have been zero for ages. Has to change direction at some point.

Steve

Yes of course and a major support line taken out for good measure this morning. I have cash in the portfolio in case the pull back went deeper. I believe a significant rally happens at some point and will wait patiently for that event to unfold. Hoping to retire from all the stock investing/ trading by the end of this year. Tony

The current 6% pullback is the largest January pullback since 2011 on the Centamin share price. The best year was 2013 with a 43% increase. The highest pullback in more recent times was -4.2% in 2021. 2020 the year before gave a 7.3% increase in January. Of course company news during the month can be a dramatic factor. Centamin is overdue on a lot of good news.

Tibbs the revisions downwards in November and October on job numbers imply the December jobs numbers may also be reduced dramatically in USA. There is significant evidence of an economic downturn in the interest rate affected areas of the economy. In the UK the hospitality sector is currently taking a huge hit despite the recent holidays and is having widespread impacts on other business sectors. The central banks are doing the usual of acting to slowly to what may arise in coming weeks. USA economy would be in recession without a colossal increase in Treasury debt rising $ 1trillion dollars every 4 months.

Interesting that we may have some Shanta share buyers that may be acting on behalf of other private equity groups to rival ETC. It is not just other gold miner companies with a potential interest. Someone has commented on Linked in that the Board rejected a 15p offer for the company in November 2022 although no source was given in that regard. If that was so it needs to be raised at a general meeting. The events involving one shareholder behaviour back in June should not be used as an excuse to punish all the other shareholders in this company. The whole point of employing brokers to help the company is to help replace one institutional investor with another if a particular party wants to reduce their ownership. A lot of institutional funds do not not have Shanta Gold within the their top ten holdings in a particular fund. The overall institutional holdings on Shanta are therefore not visible.

Tony

Depress gold not dollar in previous, need another coffee.

Currently holding above a major FIB support line with two further support lines above 2030 futures. Bloomberg argument to push up rates and depress dollar makes little sense on no rate cuts in March. A lot can happen by then and ignores geopolitical issues completely along with USA election.