Member Info for Chaebol

Will be lovely to see 10 20 percent rises per day up till cake/bake integration. Looks good for it! Well done to those that held and added during the FUD cycle, hopefully we can obliterate 3.5p in the next couple of weeks. GLA

Will they transfer assets from R42 to CPAI?......likes the liquidity CPAI gives him. Exciting times ahead imo.........GLA

NoelShempsky says buy more! trust me.

Grok 3beta aktually x

The reliance on upgrading Inferred to Indicated Resources for the PFS introduces risk—if drilling underperforms, the mine plan may not improve as hoped.

Exploration and Operational Challenges:

Senegal’s Kéniéba region, while prospective, lacks the mature mining infrastructure of top-tier jurisdictions. Logistical hurdles (e.g., transport, energy costs) could raise operating expenses, especially for a low-grade, open-pit project.

The joint venture structure (70% Thor, 30% free carry for partners until certain milestones) means Thor bears most exploration costs now, with dilution or funding disputes possible later if partners don’t contribute post-PFS.

Summary:

The Douta Gold Project is showing exciting potential with new discoveries at Baraka 3 and deeper mineralization at Makosa, positioning it for resource growth and a stronger PFS. However, the limited scope of current results, geological variability, uncertain timelines, and operational risks in Senegal temper the optimism. At $3,000/oz gold, the economics look robust, but success hinges on consistent drilling outcomes and cost control. It’s a project with legs—just not running at full speed yet.

Positives:

New Discoveries at Douta-West (Baraka 3 Prospect):

Two discovery drill holes at the Baraka 3 Prospect in the Douta-West licence hit significant gold mineralization: 19m at 2.46 g/t Au (DTWRC129) and 26m at 1.31 g/t Au (DTWRC134). These wide, high-grade intercepts suggest potential to expand the existing 1.78 Moz resource.

The 1 km-long Baraka 3 target, part of a 3 km geochemical trend, opens up a new exploration frontier. Only a fraction has been drilled so far, hinting at untapped potential for a satellite deposit.

Positive Diamond Drilling at Makosa Deposits:

Deeper diamond drilling at Makosa North, Makosa, and Makosa Tail confirmed mineralization extensions, with highlights like 9m at 2.06 g/t Au (DTDD0039) and 3m at 5.3 g/t Au (DTDD0040). Most holes hit gold below the current pit shell, supporting resource growth at depth.

Results are poised to upgrade Inferred Resources to Indicated, potentially boosting the Preliminary Feasibility Study (PFS) mine plan and economics.

Strategic Progress:

The ongoing drilling program at Baraka 3 and infill RC drilling at Makosa North and East aim to enhance resource classification and tonnage. This could derisk the project and fast-track it toward a Definitive Feasibility Study (DFS) and investment decision.

CEO Segun Lawson emphasized the upside potential and a focus on a robust PFS, signaling confidence in the project’s future.

Project Scale and Context:

The Douta Project already holds 1.78 Moz (874,900 oz Indicated at 1.3 g/t, 909,400 oz Inferred at 1.2 g/t), and these results could push it higher, strengthening its position in Senegal’s K Depending on further resultséniéba inlier near Endeavour Mining’s Massawa mine.

Negatives:

Limited Drilling Scope So Far:

Only seven of 30 RC holes at Baraka 3 have results reported, and drilling has covered just 250m of a 1 km target within a broader 3 km trend. This leaves significant uncertainty about the consistency and extent of mineralization across the prospect.

The diamond drilling program (five holes, 1,159m) is a small sample relative to the 44.3 Mt resource, meaning depth extensions and resource upgrades are promising but not yet fully proven.

Geological and Economic Risks:

One diamond hole (DTDD0037) confirmed a pinch-out at depth, indicating that not all areas will yield continuous mineralization. This could limit the upside in some sections of Makosa.

While grades like 5.3 g/t (DTDD0040) stand out, the average remains modest (1.2–1.3 g/t for the resource), requiring low-cost operations and high gold prices (e.g., $3,000/oz) to maximize profitability. Any drop in gold price or rise in costs could squeeze margins.

Timeline Uncertainty:

The PFS timeline remains unclear, with updates promised only after all drilling results are in. Delays in drilling, assays, or analysis could push back key milestones, impacting investor confidence and project momentum.

The reliance on upgrading Inferred to Indic

3.5 p will be cheap again soon. GLA

Its going to be fun watching these adjust the next few weeks.......

Currently.

PE Ratio 18.34898

Market Capitalisation £162.76m

Have more funds clear tomorrow which will probably go here. GLA

Just added another 1100 quids worth, GLA.

Come on Segun! give us news!

And any type of positive news should see 30p cleared...... Let's see where we are mid April with all the updates we are due here.....I'm picturing 50-60p !

GLA

3.5's to 1.5 ish has not been much fun! However, still up 1x and looking to add if it goes lower tbh. As soon as we have 'news' we are off again.

GLA

And isn't being paid..........

Sharebel posts.....CPAI booms, Keep posting Sharebel x;)

The trolls come out to tell us again Nigeria is risky......meanwhile hits 24p and rerate is coming....... Segun can we have MORE Nigeria please x

Exciting times ahead......

Yeh loaded up with THX, boom time coming there. Also been busy with CPAI last couple of days and that could be very similar to the SCGL recent pump, huge risk reward if you have the appetite for it!

THX probably my safest most conservative investment right now.....operating in Nigeria and trading on AIM and yet here we are, a big win awaits......mad that AI and gold mining looking awesome and the crytpo miners tales of the crypt, just become more farcical!

GLA

As a seasoned investor with an astute understanding of corporate dynamics, I find myself utterly perplexed by the unwarranted negativity emanating from certain posters in this forum. Allow me to be unequivocally clear: I have, on numerous occasions, vociferously criticised companies and their management teams, but such critiques were always predicated on a steadfast belief that the entity in question or its board of directors was demonstrably inept. When one undertakes the bold endeavour of challenging a company's merits, one must be armed with incisive, irrefutable arguments—particularly when pitted against the convictions of resolute long-term investors. We are acutely aware of the inherent risks, fully cognisant that operations are situated in Nigeria, and well-informed regarding the abbreviated mine life. These so-called detractors are scarcely presenting us with revelatory insights through their unhinged diatribes!

I am genuinely confounded by the pervasive pessimism exhibited by some individuals here and cannot help but question the ulterior motives driving their agenda. Let me assert, with unwavering conviction, that our company currently stands in the most advantageous position it has ever occupied. Those who dare to gainsay this irrefutable fact are, quite frankly, utter fools at this juncture. As Harchris and other esteemed contributors have consistently articulated, THX is on the cusp of entering an exceptionally robust news cycle, the inevitable consequence of which will be a markedly elevated share price and a fundamentally stronger corporate entity. Should you possess the means to augment your holdings today, I would strongly advocate doing so, as I am confident the forthcoming weeks will yield substantial rewards for our fortitude.

To the authentic, steadfast long-term shareholders, I extend my heartfelt goodwill—our moment of triumph is nigh.

NT to buy. This looks very strong. SCGL 2 playing out right in front of us.........

GLA

Yeh defo putting more in tomorrow. The next couple of weeks here could be loopy.

Sharebel on point again. I hope he whinges all the way to high pennies..... lol onwards and upwards.

GLA