Member Info for bottomdollar

"No ... USA has to refinance a lot of debt this year and they will print money from hot air ... this is the reason why POG will stay high ..." That statement is made daily by gold bugs in their morning and evening prayers, for as long as they live. Yes gold has been moving higher, but not because of that reason.

Anybody who thinks one US rate cut will send gold to 4k or 5k is living in a fantasy world.

I'd be happy to see a levelling rather than a boom and bust.

Starting to munch on 60 cents on the TSX. This time, when short-time traders take profits as they usually do, there will be others just waiting to buy the dips.

Resolute would not be a great example, although Toro Gold in Senegal was a good example before it was acquired by Resolute. A better example would be WAF in Burkina Faso. You could say that WAF is an exception that proves the rule in West Africa (largely due to good management), but so it THX.

You are correct that many African miners have traded at 'healthy' multiples, even when their profits are not impressive - or negative. I think the 'Nigeria' factor in investors' minds is not so much about the actual risks in Nigeria, but the fact that Nigeria is not known as a mining country - but it will be thanks to THX. Another example of an undervalued company in a country that surprises investors is C3 Metals in Jamaica.

Toward the end of the day, the top bid was for over half a million shares - I don't remember ever seeing that with THX before. And it could not be a spoof bid, because it could be filled in one trade before the bidder could pull it. Possibly a significant entity has got wind of THX.

On the contrary, Segun talked about higher-grade, shallow oxide ore in the new discovery potentially 'leapfrogging' previously identified ore reserves. This means more gold, sooner and at lower cost - thereby improving project economics. Which is why he said they delayed the PFS for a very good reason - more $$$. And just speculating here, but maybe any refractory ore would be left to a subsequent mine phase? Or sold to Massawa after Thor has made the easy money? We don't know because we haven't seen the PFS.

Royal, can you give a hint as to what the 'other site' is, thanks.

"Majid the Sell Out" is the heading on most of the posts here. A few reminders:

- Majid is a capitalist, his job is to buy and SELL, when possible for a profit.

- All of us are capitalists who put money in Majid's hands to play the game for us.

So we take our wins and our losses, and we either stay in the game or we exit the game.

I think you are dreaming to imagine the share price may go up with a No vote.

Tony, a lot of people want a company that ticks all those boxes, and of course there are not many around. Everybody knows that a company with a high dividend may be underrated by the market, or in more cases, is at high risk of a dividend cut or worse. Which is ITE's case? Some have suggested ITE will face challenges due to its high exposure to low gas prices in Canada. Possibly ITE management sees a potential dividend cut, which of course would slam the share price. So maybe they have decided to take the bird in the hand?

Note also that ITE's dividend yield is not as high as it was two days ago, with the share value being increased almost 50% if the offer is maintained. Would ITE shareholders be happy if the offer fails or is withdrawn, and the share price goes back to where it was or lower? All good things come to an end, and in this case it's quite a positive end for ITE. A 50% premium is like 5 years of 10% dividends, paid in advance, with the principal guaranteed as well and available soon to reinvest. How many investments out there tick all those boxes? So take the cash and continue your search for a replacement.