Member Info for Balanced66

I see this board has been infiltrated by a couple of clowns (same user most likely) sprouting barely coherent posts - it's clear that the poster knows very little about the company and is just posting catchwords like "better safe than sorry" and "pump and dump". He is clearly embarrassing himself and showing he is clueless. The other share he holds is Petromad which is a share where it's better safe than sorry to exit it and is the subject of pump and dumps. It's lost a staggering 65% in the last 12 months! Yet he is strongly defending it.

This seems to be the reason for these posts. No one is taking you seriously as you're not contributing anything meaningful at all!

"TenBagTag

Posted in: MATD

Posts: 1,325

Price: 1.30

Strong Buy

RE: Seniment1 Feb 2025 08:25

You are getting a taste of your own medicine Andrew. I’m happy to carry on for years and years too. Pretty easy to spread fud on other boards too. New investors looking in may be a tad wary. And new liquidity is needed to drive prices higher. So it may affect your investment after all 👍🏼"

This is a money making machine and even if the gold price was lower it's way undervalued. At these levels it's a no brainer.

Lately, seems to post messages while I am still typing them. Meant to finish by saying:

...before the real party starts has indeed derisked the company's mining projects in Australia.

Mentioned it is derisked. This should go a lot higher now. I was reluctant to buy in before but the stellar performance restarting Telfer and the potential mine extension before the real party s

This is what Chat GPT says and I agree there are more benefits especially when the sentiment is that the UK stock market is in a decline.

Yes, there are examples where dual listings have helped the share price in one market increase due to improved visibility, investor access, and arbitrage opportunities. Here are a few notable examples:

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1. BHP Group (ASX and LSE)

Scenario: BHP Group, listed on the ASX and LSE, historically benefited from dual listing by attracting a diverse pool of investors from Australia and the UK.

Impact: The dual listing helped maintain consistent demand and liquidity in both markets. When commodity prices surged, the increased visibility in both markets drew new investors, lifting share prices in both regions.

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2. Rio Tinto (ASX and LSE)

Scenario: Rio Tinto operates under a dual-listed company structure. When one market exhibits strong investor demand (e.g., due to local market confidence or macroeconomic factors), the other listing typically experiences a positive spillover.

Impact: For instance, strong ASX demand driven by Australian mining sector confidence has historically boosted investor sentiment for Rio Tinto plc shares on the LSE.

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3. Vodafone (LSE and NASDAQ)

Scenario: Vodafone, listed on the LSE and NASDAQ, experienced increased U.S. investor interest when it entered the NASDAQ, resulting in an uplift in its overall valuation.

Impact: The improved investor base and higher liquidity in the U.S. also contributed to strengthening investor sentiment on the LSE.

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Mechanisms Behind the Impact

1. Increased Investor Base: Dual listings provide access to investors who may prefer or be restricted to investing in their domestic markets. This improves liquidity and can boost demand, lifting prices in both markets.

2. Arbitrage: When prices diverge, arbitrage opportunities incentivize buying in the undervalued market, which can push up the lagging share price.

3. Global Visibility: A dual listing enhances a company's visibility internationally, leading to increased investor confidence and demand.

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Conclusion

Dual listings can positively influence the share price in the weaker market by increasing visibility, liquidity, and accessibility for investors. The effectiveness depends on factors such as investor interest, trading volumes, and market conditions. Examples like BHP, Rio Tinto, and Vodafone highlight how the benefits of dual listing can spill over between markets.

Think if it raises the value of GGP and Australian listed miners are generally more highly valued then it's a good thing imo. If it is a dual listing they may only offer a small number of new shares say 100m so in the scheme of things it may not be any concern and is likely to bring more benefits especially if the listing price is higher than UK listing price.

That was a UT trade if I recall correctly and there is a debate usually on LSE as to matching buyers with sellers on UT trades. In any event the trade was at the closing ASK price so how have you assumed its a sell?

Oogleflugal loss making miners have generally disappointed and the argument about the assets being worth more is one repeated on a few different share boards. Posters on the BMN board were saying the same thing about assets being much more than market cap and debts etc. Some were later sold for a fraction of the purported values put forward by posters. Companies like Alphamin are making good profits on current tin prices and that's what they need to focus on also here and cutting unnecessary costs. But I hope it works out for you all.

Low levels of cash are a concern - more will need to be raised soon and a placement should have been undertaken when the share price was higher. Further debt is not something to look forward to. Circumstances can conspire against a company like low commodity prices over extended periods of time, BMN being an example where low commodity prices and high debt led to its downfall. At this rate profits are a few years away imo. As mentioned before progress has been slow possibly partly due to lack of big amounts of cash, this piecemeal approach isn't working too well.

I agree about Sentiment. I sold Serabi too early. Remember it going to around 25p! I sold in the mid 60s. Also had AAZ when the government intervened and the share price collapsed. Had to sell at a loss. Share went all the way to 40p at its lowest. Now recovered back to around my original purchase price!

It's becoming almost uninvestable with the constant broken promises. How can you believe anything they tell you?

It has spread itself too thin and not focused enough attention on making money imo. After all these years where is the cashflow and cash holdings from mining operations? That's the idea of a gold miner that they will churn off cash. The only cash holdings have largely come from selling shares to Ozaltin and that money appears to have gone now.

The progress is just too slow. There has also been the opportunity cost - many producing small caps have done well such as Serabi, MTL, PAF etc. This has been a disappointment.

Building a mine is much cheaper in African countries than Western ones. It's another factor mining companies take in to account.

I think I read a quote from Resolute's boss saying this. I understand the cost of building and operating a mine can be 2-3 times or more higher in Western countries compared to African ones. Yes the risks are higher and should be weighed up but so are the rewards. Barrick and Resolute have been mining in Mali for decades while Thor has only a few years in Nigeria so more reason for the Nigerian Government to keep the company interested in the country imo.

Not sure if that World Justice Project link shows any correlation with investment returns as it shows the US as not being in the top 10 but it's had the most consistent and high returns out of most countries for many years.

https://www.investorschronicle.co.uk/content/22ff70f2-b7f1-5bdd-9a32-9c7d8990f7c6

There are a lot more posts based on no facts or fundamentals but people know that already.

Unfortunately posting history is there for all to

Yes a premium all the way from over 100p! These stocks have been disasters for investors but you still have people pumping them.

Shpunken, I don't think you have any credibility left as you were constantly ramping this all the way down from the 60s if I recall correctly.

Although holding much promise these blue sky type of stocks rarely deliver.

Most go bust or keep diluting and the Directors are the real winners. It's not a question of if but when and if the next fundraise will be the last. Look at STX another one this morning.

Great interview. Any ounces beyond the suggested mine life is like free money imo.

This is likely to be a multi country mining operation with 2 mines up and running at the same time (Nigeria and Senegal). The CEO mentioned looking for other opportunities so this is a growth company; fast tracking from the upcoming PFS to DFS exciting times ahead and all to be developed by the company from its own cash etc imo.

AISC of well below $1000 I think he said.

The late trades - is this why this has been held back to fill some orders?

Https://open.substack.com/pub/theoakbloke/p/thx-thor-exploration-ob2025-pick?utm_source=share&utm_medium=android&r=2yvby5

Not been impressed with Frisby. Seems like a lot of guess work and his selections have been very poor overall. Don't waste your money on subscribing.