Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Been buying here. Think new ATHs in gold will be incoming before year end. Absolute bargain basement prices here
Sadly not.....
Looks like my 13p call wasnt too far off with it touching 14p. Gold price since reversed to the upside due to the conflict in middle east and uncertainty surrounding that. Seems the worst is behind now, have taken a position.
A bit late my seeing thing but thank you for responding.
From a charting perspective. Gold price looks like its in for a painful Q4
Disappointing to see Canada drop 7% last night and for the UK to follow, today. Gold price is down ~6% over the last 30 days, so whilst that needed to translate, the SP here is 30%+ down from the recent high of late July and is almost back to exactly where we were a year ago (based on the Toronto listing). So, no value attributable to the Lithium or Douta progress, by the looks of things. We really need to see some shareholder value creation. No dividends, no buybacks, directors taking up options, shorts increasing, profit/FCF diverted to Lithium, etc. We saw this SP (briefly) in 2017 and it's about the eyeball average SP over the last 3yrs. So, what's it going to take? I think I'd like to see partners brought in now for Douta and the Lithium, if not someone take a big stake in the company. Transaction volume is still negligible so I guess PIs have voted, in the main, by not jumping aboard. Looking for some bold, forward-looking strategy at the AGM.
Interesting 10min piece with the CEO, note that they will not dilute shareholders for the lithium mine, instead look for a partner/JV/other. Looks like they're going to build Douta, so I'd like a deep dive into the economics there. A large number of the shares are held by a limited number of people, so I think the BoD need to drive more eyeballs and investors to the share to get the market more efficient. Sounds like THX are being offered the first look on a lot of mining opportunities in Nigeria (and possibly West Africa), so I think the 'opportunity value' is being missed here, with them flying under the radar: https://www.youtube.com/watch?v=itAUMyQwvxs
I am not sure if THX is flying under the investment radar or has it taken roost in a tree?
More detail on strategy and some assay results would help.
Decent grades but my concern is gov stability rather than the amount of gold in the ground. Every week a new coup in the Sahel.
I just checked CEO.CA and posted there, before catching up here. Yes, I think you need to expect that some of the 'original' investors will have invested in a small gold exploration company over 5yrs ago, when the price was $0.1-0.2 and now the Thor strategy seems to be transitioning to more 'general' (because of Lithium) exploration AND production, it's only fair that they would review their position on the latest strategy. Results don't look bad to me either, but the early investors were expecting a dividend by now and if the profit and FCF is going into Lithium and funding new mines - suspect you're right and there is "caution".
Hi Isa, although not invested here at moment still lookin now and again to see what's going on, I thought the results were good net debt down now at low levels, drilling to extend mine life close to the existing mine, okay full year guidance down a little maybe the market doesn't like that, the other projects progressing.
With all their projects on the go and now lithium while it's great to grow the company how will these be funded going forwards some from cashflow plus debt plus share issue? that might cause some caution.
Still looking good, not checked if there is a presentation explaining in detail the way forward which would address funding issues.
The market is not liking the results. Need to have a good read tonight. Has anyone been over them at all?
Here is the CEO presentation from lunchtime:
https://youtu.be/QaObGydxSNU
Beg pardon, eventually opened the presentation and the platfrm was very slick, well prsented. However my prev q re recording still stands, as i missed the presentation and only caught th Q&A.
Despite regustering I couldn't get in as I don't have Zoom and don't wish to install it. Will it be available in catch up in other formats/
PS. Investor Meet is a good platform for this kinda thing.
It's a good start, posting highlights for anyone who browses the chat and doesn't read the RNSs:
- Significant intersections include:
- Drillhole NRC010: 11metres ("m") at 2.61% Li2O from 15m
- Drillhole NRC018: 9m at 2.42% Li2O from 35m
- Drillhole NRC006: 11m at 1.53% Li2O from 14m, including 9m at 1.70% Li2O from 15m
- Spodumene confirmed as the main lithium-bearing mineral together with minor lepidolite
- Mineralisation is exposed at surface and is shallow dipping
Genghis15, the key is the size of the intercepts and length of strike. Ewoyaa has multiple hits of >50m over a large strike at a solid average grade of 1.25%. The THX results today are relatively narrow (10m true width) and over a tiny strike. So yes, the grades are decent but they need a lot more hits to get anything that would be commercial.
Well, i am no expert, but thy look v god to me. For comparison, ALL's Ewoyaa project in Ghana has mostly lower grades at reater depth from a quick glance across, in a project with anest IRR of 105%.
Very encouraging. Hopefully this is a thin edge of the wedge, in both geological and commercial terms. The next few months could be very interesting.
What is considered a commercial grade for Lithium?
Is this OK, good or great news?
Good afternoon. We are hosting a webinar with Thor CEO Segun Lawson on Friday 18th August at midday (UK time) to register please go to:
https://us02web.zoom.us/webinar/register/7816911529585/WN_i9kAgLVVTRCmzQat59c-xg
Reposting from @Excelsior on CEO.CA: https://www.kereport.com/2023/07/24/thor-explorations-q2-operations-review-at-segilola-gold-mine-and-exploration-update-for-segilola-douta-and-the-new-lithium-claims/
I see it quite the opposite way... Africa has huge untapped potential vs. other continents. Yes, there may be a long way to go but this is where 'positioning' is so important. I watched the Oil industry 'evolve' there. It's a marathon, not a sprint and Thor are putting on a strategic masterclass in Nigeria, with the potential to expand across West Africa, leveraging their leases and presence elsewhere.
Not only that but it's Africa.....the dismal continent!
I would have preferred it if they had found Lithium in the USA and Uranium in Africa!