Member Info for Adw198

I meant Segilola results in the next few weeks, not months. Results this month and then the updated plan year end ish.

And in the meantime the cash keeps rolling in

Solid grades further adding to the resource and proving plenty more upside across the wider area.

I think a few a misreading “receiving the remaining *outstanding* results” though.

I think they’re referencing results are outstanding as in still to come - not as in they’re outstanding (excellent)!

They haven’t got them yet :)

Segiloa in the next fews months and the move well into the 20s if any sniff (confirmation) of gold in them undergrounds! Fingers crossed that annoicemt comes around the time of commencement of the Fed cutting cycle. Boom time!

Agree re gold and good to see a decent start over in Canada. Last time it moved up like that over there we had the great result RNS. I’ve a good hunch we might have a Douta 7am present tomorrow - definitely due.

Unless he slightly misspoke I think he said there would be the first Douta update this month, ie tomorrow. Gold flying (Fed cut nailed on), cash being churned out and drilling updates to come in September. I hope and suspect we’ll be at or close to all time highs by the end of September.

I can live with 5k less oz THIS YEAR, it’s just deferred income really. We’re making a shed load of money here.

Personally I’d already written off the 95-100k target and I’m not convinced we’ll hit 90k either, but what’s a few thousand oz in the bigger picture?

That AISC is really quite something, should really grab some attention especially given they’ve essentially just projected producing >45k oz in H2 with gold likely to be higher again. I suspect that 17-18p gap will be filled in the next week, possibly even today.

Agreed all round. When people start to want in the lack of liquidity will hopefully help us move quickly.

Decent run of buys today, suggests we might be about to party - with gold at all time highs and multiple newsflow due it certainly should do.

Agreed mate - am I recalling correctly they said they’d allocate 5p to the SP per year of MLE?

I was also in Shanta and can only think how much those sneaky fckers are coining in.

Personally I think we’ll miss production guidance and it’s a slight worry as to how that might be received. I’d be delighted with anything around 90k but even 85k gives 45k ish for H2 at these huge margins. I don’t want a miss to be seen as a big negative, it’s more than enough to generate huge fcf. I largely see it as deferred profit anyway, as presumably the gold is still there.

I realise I’m perhaps a broken record on this point but similarly we should be mindful that AISC is going to average more like $1300 for Q2, Q3 and Q4 combined. Again, absolutely brilliant at these margins but it wouldn’t be a huge shock if Q2 was more like $1400+ to “offset” the $675 Q1.

But soon or later we’re going to get quarterly results where the production and margin will produce truly astonishing revenue and cash. And he’s already confirmed we’ve got 100k worth of gold for 2024/25/26, so we should be getting quarter after quarter spitting out cash.

Production being weighted to H2 is a bonus given gold is taking a similar trajectory.

Stars looks aligned here - just keep it up and the numbers will soon speak for themselves. An updated broker note reflecting the materially higher than (they) expected gold prices wouldn’t go amiss either.

The base case along makes this great investment but as we know we could equally rerate based on mine life extension or great results at Douta and perhaps even Lithium. Part of me wonders if they’re being slowish to release results whilst they hoover up more land on these fronts. Wishful thinking maybe!

“Wake me up when you get to 18p”

Cool, deal. You be quiet until then.

Gold about to break out, quarterly results due alongside drilling results. And best of all we’ve got a different branch of BDO back auditing ;)

Now contradicting yourself multiple times within 1 post - that latest effort was a jumbled mess.

Nobody else thinks the auditor situation was relevant, so don’t take the lack of an immediate uptick as evidence of your position altho god only knows what drum you’re beating anyway.

I’m looking for $2700 this year. Which would be eye watering not only for our fcf, but improving the value of the Douta and Segilola extensions.

I couldn’t even get a quote to sell 1 share - illiquidity here is a negative and put me off for a while but like everything else it should fix itself in time.

I’m not feigning ignorance, i honestly don’t know what your underlying point is re the accounts. If it’s that something fishy happened 3-4 years ago (after which time you decided to invest) then please stop talking in riddles and just spell it out.

These message boards aren’t for you mate. Same is probably true of AIM investing.

But hopefully your expectations of a move back to your personal break even (circa 17.-18p from memory) happens and you can exit and the rest of us can make some money.

Nobody asked you to bake them a cake.

As you say this board is a buffet of opinions. You don’t appear to enjoy any feedback and what you choose to serve up, yet simultaneously seek out reassurance as to why this is a good proposition based on all KNOWN facts. Nobody can answer your fears about UNKNOWNS for obvious reasons. You’ve repeatedly contradicted yourself , of that gets highlighted it’s not a personal attack

I think that’s the point - most of us here including me can’t pinpoint the reason(s) THX is undervalued.

Most of us here including me think based on the available information this should be worth more.Equally most of us here including me acknowledge there might be something unknown that explains it. That’s investing life and especially true of a gold miner in Nigeria - people need to position as they see fit. But personally I’d rather be invested in a company that based on what’s known, can logically be said to be undervalued. Perhaps you prefer to be in companies that are overvalued based on everything we know?

I certainly don’t think the reasons are because of the company car spend, the change of auditor, the high price of gold or any of the other things you appear unsettled by and like to brain dump on the board, seemingly to reassure people who haven’t previously spotted or mentioned such worry beads. Im deeply sceptical of such claims.

You’ve stated your intention to sell at the first opportunity but confirmed that won’t be until the price is materially higher than currently. Which if I’ve understand correctly (and I’ll be honest you’re not always easy for me to follow) means you’ll wait till the share price picks up and then sell on the basis you were spooked as to why it was previously lower. Perhaps such logic works well for you and I hope you’re correct that this is heading materially higher than current prices, which is why you continue to hold, despite the panic.

I’m guessing Segun ignored your long list of concerns, which I think is the sensible approach to someone who has confirmed they’ll sell irrespective of the answers. At the best least you present at completely disingenuous.

@to73

I note the latest convenient pivot from comparisons on share prices to now using MCAPs, whilst simultaneously maintaining you were right initially to only look at share price.

“Sigh” is yet another admittance you’ve been misunderstood. Just because you’re neurodiverse it doesn’t mean you’re right.

@TO73

You said

“The market's valuation of a company like Serabi Gold indicates that investors see it as a more attractive investment than Thor Explorations, even if both companies have similar production profiles or resource bases”.

The markets valuation is its MCAP imo. The share price forms only part of that make up, hence you quoting a share price of 60p and implying it’s valued more than ours at 14p is mistaken.

But you said it so you’ll feel obliged to justify it now and / or claim everyone else misunderstands you.

@loidspeaker glad it’s not just me who possibly misunderstood.

If he manages to explain what he meant then my best guess is he’s saying THX is undervalued compared to its peers. Whereas most of us take heart and encouragement from that, it seems to make him want to be invested elsewhere.

I thought you were making the point that SRB were producing less yet their share price was higher, and the companies can be compared by those 2 metrics?

Apologies if I misunderstood, could you please clarify?