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The mining conference resourcing tomorrow starts today until 4th Dec.

Looks like Mike has 2 inputs. The mining pitch battle, a 3 minute pitch against 3/4 other presenters followed by an 8 min Q&A. Thats today at 16.20

On the 4th he has a 'mining spotlight presentation in the theatre at 11.30

Not sure on NY but im guessing DFC is the Washington element.

What do you mean by that UXM?

I read it carefully and I’m gobsmacked. NAV is about 60% higher than I was anticipating and at a 10% discount rate too. Couldn’t be happier!

Lol. Im going to shut up now!

That 266k trade is over 1% of the company, there have been similar, slightly smaller trades over the last few weeks. Surely a Holdings RNS is due. Officially should RNS every 1% incrememt.

Ok great. Thanks Golfnut

This might be a really minor thing, but in the most recent Investor presentation dated 01 Nov. On slide 18 'Near Term catalysts', under the Celea section they've ticked the FDA meeting on phase 3 trial design as if to say it's complete. I don't remember hearing about that? Would that not have been RNS'd?

How does the CR rate of >30% compare with current treatments for AML? A quick Google looks like there are some better results from existing drugs?

Any sciency people able to comment?

Well this wasn't on my LSE bingo card list today!

Yeah not exactly blown the doors off. Still somewhere around 20% growth. The earnings call will be interesting.

First bit of news due tomorrow. BMY release their Q3 results. H1 showed $62m in Cobenfy sales, $37m of which was in Q2. You'd want to see this number accelerate again.

Not the only bit of news due from $BMY, their ADEPT 2 trial, trialling cobenfy's use for psychosis in Alzeihmers. That's due this quarter. So realistically only 7/8 weeks to go in the run up to Christmas.

Big 2 months coming up here.

Ah fair enough. I had read in a substack somewhere that ex divs were always on a Thursday. Maybe something to do with the Canadian listing. My bad sorry

Ex div day today. If we see a sharp fall it's not continuation!

Jamie is a Wise bull. He's written articles for Moneyweek and his own substack on Wise. He's on X and posts links to all his articles there!

My last top up on the 12/09 was at 58.7p, gold was around $3600. Today we're not far off my top up price yet gold is sitting above $4000. More than 10% higher. Shows the disconnect and overreaction over the last few sessions!

Another top up on the cards me thinks!

Interesting article on Indian gold buying

https://www.bbc.co.uk/news/articles/c3vnk3w0z69o

Hi Pacifico, some great points. Especially regarding the economics now vs 2021. I don’t doubt there will be an increase in the resource with extension drilling. I purposefully didn’t include the satellite deposits. Again, I expect we’ll see some additional oz’s there.

I think my main point was that we should see mining at Segilola until at least 2030, I believe it will go beyond that though.

In the initial MRE done in 2021 the indicated resource was for 608k Oz, including 75k oz underground. According to THX website they mined

2022: The first full year of operation saw a production of 98,006 ounces of gold.

2023: Production was 84,609 ounces.

2024: The mine produced 85,057 ounces.

2025: The company anticipates producing between 85,000 and 95,000 ounces.

Totals 357,672 oz. This doesnt include 2021 which didnt have a full production year. I cant find that info maybe someone could fill the blanks.

So of the 532k oz indicated open pit in 2021 approx 358k oz will have been mined by the end of 2025. Leaving 174k oz in the Open pit and 76k oz indicated underground. As well as the inferred 65k oz. If they can convert the inferred resource to indicated as well as adding additional oz, i think we could see mining continue for approx 4 years (2 years open pit, 2 years underground) from the start of 2026.

Just my thoughts, could be absolute nonsense.

More really chunky trades today. Over 500k in just 3 transactions.

Only a couple of weeks now until BMS release their Q3 results, not only that, less than 10 weeks till the first of the ADEPT II readouts in Alzeihmers. Still feel any day there could be another Tang Capital Management holdings RNS.

Algo's