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Merafe in a Range Bounded area - Neutral outlook until breakRange bounded has been the overall trend for Merafe. It seems like there is just a fight between the bulls and the bears. We can only assume the price is most likely to break up due to the previous momentum. I will only wait for a break above or below the range before acting upon. MAs are all close confirming the sideways movement. SMC: There needs to be a break above the Buy Side LIquidity in order for the bulls to really take over. But right now it's a selling zone for Smart Money which goes hand in hand with the range box.
JSE:MRF
by Timonrosso
Merafe showing downside to test R1.00 again read fundamentalsM Formation formed on the daily and we are just waiting for the price to break below the neckline. 21>7- Bearish Price <200 - Bearish RSI <50 lower highs Target R1.08 CONCERNS: Many resource companies are showing downside to come. It seems like smart money knows something the public doesn't. This corresponds to the strengthening dollar. Ever since the US dollar started strengthening in February 2023, Resources markets have been showing volatility with no conviction of upside. Economically speaking for Merafe, the price of ferrochrome (Which is used in the production of stainless steel) is denominated in US dollars, which means that changes in the value of the dollar can impact the price of ferrochrome. This is because a stronger dollar makes it more expensive for buyers in other countries to purchase ferrochrome, as they need to exchange their own currency for US dollars in order to make the purchase. This can lead to a decrease in demand for ferrochrome, which can put downward pressure on the price. Additionally, a stronger dollar can make it less profitable for ferrochrome producers in countries with weaker currencies to sell their products on the global market. This can lead to a drop in supply of ferrochrome, which can also put downward pressure on the price.
JSE:MRFShort
by Timonrosso
UPDATE Thungela still showing medium term downside but is slowLarge H&S since May 2022 formed which gave a Medium term trade. Since it broke down, I know it would take a longer period for the price to drop due to the size of the formation. Remember, companies will try everything in their power to keep the price up and without a strong negative catalyst, the formation will either play out or forma another pattern in the interim. The bias is negative until we see any upside potential. 200 >21> 7 - Bearish (Red) RSI <50 Red Target R88.70 ABOUT THE COMPANY Thungela Resources is a South African coal mining company that was spun off from Anglo American in June 2021. The name Thungela means "ignite" or "spark" in Zulu, which reflects the company's focus on providing energy to power the economy and society. Thungela Resources operates four open-pit coal mines in South Africa's Mpumalanga province, which produce thermal coal used in power generation. The company's mines have a combined production capacity of approximately 17 million tonnes of coal per year.
JSE:TGAShort
by Timonrosso
Alphamin Resources C&H and waiting for a brim break to R18.78 Cup and Handle is forming with Alphamin Resources. We need the price to break above the Brim level before we action this. 21> 7 Price >200 - Mixed RSI>50 - Bull divergence Target R18.78 CONCERNS: Price action shows an unhealthy chart - Volatile candles. Sideways consolidation for extended periods of time Low liquidity (Volume). Not what I use to trade but I guess for investment purposes it is a good stock to have in a portfolio.
JSE:APHLong
by Timonrosso
Karora Resources nudging up to the highsVox Royalty delivered great Q3 results today, thanks in part to the Karora Resources operations. TORONTO, CANADA – November 2, 2021 – Vox Royalty Corp. (TSXV: VOX) (“Vox” or the “Company”), a high growth precious metals focused royalty company, is pleased to announce that it has realized preliminary quarterly royalty revenue of C$1,558,800 (US$1,223,400)(1) for the three-month period ended September 30, 2021. Quarterly revenue benefitted from record royalty-linked gold production by Karora Resources Inc. (TSX: KRR) from the Hidden Secret and Mousehollow deposits at Higginsville covered by the Dry Creek royalty and record royalty-linked iron ore production volumes by Mineral Resources Limited (ASX: MIN) at Koolyanobbing, and consistent royalty revenues from each of the Company’s Janet Ivy gold royalty and Brauna diamond royalty. Royalty revenues relative to Q2 2021 were in line in spite of a significant reduction in realised iron ore pricing at Koolyanobbing. From www.karoraresources.com HIGGINSVILLE GOLD OPERATIONS OVERVIEW Owned and operated by Karora Resources since June 10, 2019, the Higginsville Gold Operations ("HGO") is located approximately 75km south of the Beta Hunt Mine in Higginsville, Western Australia. The operation includes a 1.4Mtpa processing plant, 192 mining tenements including the Baloo, Pioneer, Fairplay North, Mitchell, Wills, Challenge, and Mount Henry deposits. HISTORY Avoca Resources Limited (Avoca) initially purchased the Higginsville exploration assets from Gold Fields in June 2004. The Trident underground deposit, historically the largest deposit at HGO, was discovered by Avoca in 2004 with mining commencing at the deposit in 2007. In April 2007 Avoca raised A$125 million to commission a new process plant facility at Higginsville. In that same year, Avoca purchased the neighboring Chalice deposit from Chalice Gold Mines Limited. Gold production began in 2008 with the first gold pour on July 1, 2008. Alacer Gold Corporation, a wholly-owned subsidiary of Alacer Gold a company incorporated in Canada, acquired HGO after it merged with Avoca Resources Limited (Avoca) in 2011. On October 29, 2013, Alacer Gold Corporations completed the sale of its Australian Business Unit, which included HGO and its assets, to Westgold Resources Pty Ltd who was a wholly-owned subsidiary of Metals X Ltd at that time. In July 2015 Metals X acquired the Mt Henry Gold Project from Panoramic Resources Ltd and Matsa Resources Limited. On December 1, 2016, Westgold Resources Limited demerged from Metals X Ltd. Avoca remained a subsidiary of Westgold Resources Limited and was part of the resultant demerger. Karora Resources acquired HGO outright on June 10, 2019, from Westgold Resources Limited. GEOLOGY Higginsville is located almost entirely within the well-mineralized Archean Kalgoorlie Terrane, between the gold mining centers of Norseman and Saint Ives. The Archaean stratigraphy has a general northward trend comprising multiply deformed ultramafic – gabbro – basalt successions adjoined by sediments to the west and east. Shearing and faulted contacts are common. The units have been structurally repeated by east over west thrust faulting. The majority of gold mineralization projects along the Trident line-of-lode and is hosted by Poseidon Gabbro and high MgO dyke complexes. Mineralization is hosted within or marginal to quartz veining and is structurally and lithologically controlled. Higginsville is also host to significant palaeo channel mineralization. Mineralized zones comprise both placer gold, normally near the base of the channel-fill sequences, and chemically-precipitated secondary gold within the channel-fill materials and underlying saprolite. These gold concentrations commonly overlie or are adjacent to, primary mineralized zones within Archaean bedrock. MINING Currently, Karora is mining from two open pits at Higginsville: the Baloo and Fairplay North open-pit mines. MILLING Processing is conducted through Karora Resources' Higginsville processing plant.
K
by TH_Analysis
A Turn in the Platinum Miners? Part 2 - NHMGiven the weakness in the platinum miners and resource stocks in general in the last few weeks, it takes some bravery/optimism/fondness for punishment to start nibbling at long positions. Some resource stocks, and platinum miners in particular, are tilting bullish. Same as the related idea on JSE:IMP , with JSE:NHM : - Golden cross & bullish confirmation on 1D MACD - Start of bullish divergence on weekly MACD - On Weekly: Crossed 5EMA and heading towards 15EMA - On Daily: Crossed 5EMA & 15EMA, and 5EMA is threatening 15EMA cross. What do you think - bottom in? Looks like a reasonable risk reward trade if you keep your stops tight. I'm looking to enter at R226 (i.e. waiting for slightly more directional confirmation before entering) with a stop at R217, target R253 ... 3:1 UC
N
by unclecool787
Pure Gold Mining, Bullish Swing Trade!1SUMMARY Pure Gold is a growth company, located in the very heart of Red Lake. Pure Gold’s largest shareholders include three global gold leaders and visionaries. Eric Sprott, AngloGold Ashanti and Newmont, the largest gold producer in the world. Our leadership and management teams have deep roots and experience in the geology of the Red Lake gold district, and direct hands-on experience from years of on-site exploring, mining, and producing high-grade gold in this area. Our Mandate. Our mandate is pure and simple. To dream big. To draw outside the lines. To use smart science and disciplined creativity to exponentially increase the size and scale of our high-grade gold assets along Pure Gold’s 100%-owned property – historically the second-largest gold-producing property in the Red Lake District. Our Objective. Our objective is also pure and simple. To develop a highly-profitable long-life gold mining company in the heart of Red Lake, becoming Canada’s next iconic gold producer. Our Phased Growth Strategy. Our growth strategy is very disciplined, very methodical, and financially sound. To expand organically, and develop Pure Gold’s multi-million-ounce high-grade gold asset incrementally, step-by-step, using a Phased mining development plan to deliver maximum profitability. Our Long-Term Vision. Red Lake gold systems have deep roots. Our aggressive exploration program is designed to generate exponential growth in the size and scale of our multi-million-ounce gold asset over time, by systematically drilling beneath and adjacent to our existing reserves. We expect to be mining here for a long time. Our Discovery and Growth Engine Pure Gold has defined a 2.1-million-ounce Indicated Resource, and a 0.5-million-ounce Inferred Resource at the PureGold Mine. Mineral resources are inclusive of Probable Mineral Reserves of 1 million ounces of gold grading 9 g/t. 1,6 We believe this is just the tip of the iceberg... Want to know more visit their webside: www.puregoldmining.ca I am biased I own shares. Do your own due diligence. Trade safe, be well :)
PLong
by UnknownUnicorn212178
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