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Just to reiterate, I meant the market summer lull and summer holidays, not AAZ, who will be working hard as usual :-)

Lethargy, low volume summer lull. It's picked up a little today, but until everyone is back from holidays and the company confirms the everything is running to plan, there's not much to interest people and short term traders in profit will take some gains.

Over the next 18 months the company is still well placed to move to significant new highs.

CMRS will most likely be selling into the European and Asian markets which is linked to LME prices, which have only dropped 1%. You're getting confused with the US futures price which was sat at a near 30% premium to LME due to the tariff threat.

When you consider that CMRS also report in GBP and the relative strengthening of the dollar, copper prices for CMRS are effectively unchanged.

It looks like gold is breaking out of its consolidation pattern - any confirmation of LOM extension and hopefully this will jump higher. I think that's the only thing holding it back.

That takes next year's forecast revenue to approximately $400m, with an extra $40m this year.

There are a lot of ifs, buts and maybes between now and then and anything could happen, especially unrelated to the mining side, but if there's no nasty the surprises the company have a good track record of developing and building mines on time and in budget

I'd expect it would have to be around there. That should support a dividend of at least 40-50p, which equate to around £8-10 per share?

Then 145-150k in 2027, rising to 210k+ in 2029.

Nothing unexpected due to the shut down last year, but the big takeaway is production at Demirli confirmed for second half if this year - along with full production at Gadir, things are looking good.

If you're UK based you can submit an NR301 form through your broker, it will reduce your wht to 15%. Whether you'll be able to restrospectively claim the extra 10% back I don't know.

Not sure, but from the 1 RNS we do have, at mid run rate of 55000 tonnes p/m from zone 4, that equals $18mil per month revenue.

At 2500 gold this is underpriced. That's still $127mil operating profit at 85koz per annum, just under half the current market cap at. At 3200 THX will have an operating profit of 65% of it's current market cap, which is crazy.

I personally think the money put towards the buy backs be better used increasing the dividend - a higher dividend percentage would make it more attractive to income hunters, some of whom would reinvest it anyway through their brokers, increasing the liquidity.

The main shareholders are not getting any younger, so unless they want to hand over their legacy to their family I'm guessing there will be at some point, but not at these levels - AAZ have billions in proven resource in the ground, yet alone the unexplored areas.

It's the future expansion that makes these really undervalued, none of that is built in to the price. I'd conservatively guess 20-30p dividends YOY if it goes to plan, which supports a £4 to £6 share price.

Interesting to see the dollar strengthening today in spite of Trump's intentions, making US exports more expensive. The drop in the gold price more or closely corresponds with the rise in the dollar, so in terms of THX market cap, we're pretty much in an identical position.

Golf has gone up $1000 dollars in the last 12 months. That's $90million extra on the bottom line, on an already profitable company. THX will still be pumping cash at $2500. The market as a whole is acting like gold has gone up $200, it's as if they just haven't noticed. Thx could probably make a profit processing waste at the moment.

Golf has gone up $1000 dollars in the last 12 months. That's $90million extra on the bottom line, on an already profitable company. THX will still be pumping cash at $2500. The marke as a whole is acting like gold has gone up $200, it's as if they just haven't noticed. Thx could probanly make a profit processing waste at the moment.

I'm not much of a charter, but there's a massive gap between 1.75 and 2.75p in early March 24 when the previous board dumped all their stock, so there's almost zero resistance up to that level.

Also worth noting that if the planned increase in production across their portfolio goes to plan, they'll be producing over 8 times this by 2029