Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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What is overdue?
Quarterly ops updates usually come 8 to 20 days after period end so thsts znyvday now but certainly not overdue.
No ther news overdue either, afaik, unless you can enlighten me.
And so far this co has been a model for delivering on guidance.
I fail to see where you are coming from.
Over due a number of updates now...
Seeing as the next update will show us that Net debt over 2023 halved from $31m to ~$15m and with EBITDA likely coming in at over $60m and with 2024 beginning with such a bang as POG remains firmly over $2000/oz I've taken the opportunity to add one final tranche of shares today.
I see little justification for this share price weakness and market cap of just £90m/$115m against THX's ever strengthening fundamentals. An opportunity to take advantage of before the upcoming quarterlies imo.
DRJJ
Are you sure you're posting on the right thread? Your post makes no sense, and is at odds with the facts to date.
"failed to deliver" ???
THX has consistently delivered precisely to forecast guidance. On that basis I expect Q4 Ops update next week to confirm a return to higher grades, rising net cashflow from higher PoG, and falling debt.
The only area I need to see more progress and visibility is over mine life extension where we soon need to see plans for underground/ near mine expansion, along with capex requirement.
No doubt Douta and Oyo are proceeding too.
Just wait until Gold explodes, and then you'll have everyone piling in especially to undervalued companies such as THX
More dilution?! THX listed on AIM in June 2021 with 623m shares in issue.
Now there's 655m float so a 5% increase over more than two a half years... i.e nothing.
Gen15,
I would be really concerned here with the upcoming update. I would stay well clear and expecting this to noise dive when results are due in.
I wouldn’t have so much trust in management who have failed to deliver. I would be expecting more dilution and false promises here…
This is one I've been watching for a while but have only just opened a position. In other goldies SRB and SHG much more heavily for now (although SHG is under offer) but could continue to add here on weakness against ever strengthening POG.
Definitely a different type of investment to the one we find ourselves as oral combatants on!
HarChris Pleased to see we are not at odds on this one!
Last update, Segun said "We anticipate a stronger financial performance in the final quarter as the mine grade increases.", which from memory is what was always expected. With Pog up too, i would expect a strong Q4.
Tho let ne say i welcome shareterminator's contrary view, it all aids balanced thinking.
'Operational issues may continue to hamper gains in the short term, it's the same reason I sold down GDP and HUM.'
_______________
Not HUM's $123m of net debt? That wasn't a factor???
If THX's operational issues were anything like HUM's they would have seen their net cash position rise this year like HUM's has, but it hasn't, it will have more than halved by the end of the year.
'Net debt went up on the previous quarter despite production in line with expectations.'
One anomaly due to a number of factors...
Net debt
31st Dec - $31m
31st March - $25m
30th June - $16.8m
30th Sept - $19.4m
Management was already anticipated a far stronger Q4 than Q3 before gold pushed through $2000/oz so it's hard to see anything but a very positive update in a couple of weeks time...
Net debt went up on the previous quarter despite production in line with expectations. Reading between the lines many of the reasons remain and according to the last update will persist for a couple of quarters. The major issues being (planned) lower grades as well as increased capital expenditure. This is the cause of the recent sell off whilst the price of gold has surged higher.
Operational issues may continue to hamper gains in the short term, it's the same reason I sold down GDP and HUM.
If you can sit on hands and wait this will no doubt rise with the tide; gold is certain to push through $2,100 in the new year. But I'm not convinced THX will make a good return in the next quarter when compared to the likes of MTL, SRB or even SHG which is currently depressed owing to a hostile offer. Net debt is likely to have increased or is set to depending on when gold shipment settlements fall in relation to quarterly updates. The right time to buy will probably be when management hint grades are returned to normal and that may take another quarter. In the meantime the company's financial situation will stagnate which the market is unlikely to treat kindly given we are in an inflationary environment with gold selling for record prices.
Was 10Jan last year. Expect good solid results this time, with debt down and cash up, but we also need to start seeing clear plans for mine life extension pretty soon.
Never be so sure! Segun comes over very solid, delivers, and I like what I see. He does indeed seem like a very trustworthy guy who delivers, and OC he has a big personal stake.
But never, ever, be too sure of someone you ddon't know, have almost certainly never met, and who's future motivations might be changed by circumstance.
Investing is a dangerous game, and putting too much trust in an individual is especially so.
Looks like their management sold them short. One thing for sure here is Segun is aligned to shareholders and would neevr do such a thing
Looks like you were a bit early, but there's 50% upside here to ATH, which itself was woefully short of value. You'll do well!
I just got back in today.
Probably the worst time to be selling given gold price is all time highs and there are loads of catalysts here.
Some people cant be helped!
The rising price of gold will go straight to the bottom line.
A lot of updates to look forward too over the next few quarters also.
Brilliant set of results.
Looking forward to seeing what the exploration brings in now.
Results due end of November. Should be interesting....
Looking
Just added here - gold equities are rather unloved at the minute however I believe the tide is about to turn given whats going on in the world. Smaller producers who can demonstrate they can keep costs down should be prime M&A targets