Member Info for Danger_Mouse

Just a healthy pullback as the share price got ahead of itself.

GAMA was a marvellous vehicle for those looking to avoid IHT and I believe this made up the majority of selling when moving away from AIM. They persist and so do the shorts. When this eventually recovers it will be violent and no one will catch the bottom, but I will add when it does.

Boom for Gold and Silver mining index's. THX and junior's should follow. Buy.

Many precious metals bulls would have put a tactical short on the physical. Including myself. I wish I had closed that on Friday!!!

Stockopedia pick was good for SRB and should continue to put it on the map as its genuinely used. Venezuela news should strengthen the case for gold and SRB. Wishing SRB holders more success this year.

I can get a quote to sell 60,000 shares my entire holdings in one account. Some on wants shares under 70p.

Previous post should start "This" not "His".

His is a long-term incentive plan, not a cash bonus. THX is paying its management partly in shares instead of cash, spreading that reward over three years to keep them focused on long-term performance. Existing shareholders are diluted slightly, but not in any meaningful way (Dilution is cr0.2% - very small). They vest in three equal chunks over three years. Each year, roughly 1.28m shares convert into real shares. If someone leaves the company, they typically lose future tranches.

It’s important, in my view, to take profits and diversify gradually. Yes, opportunities like this can feel uniquely compelling and they often do end in a takeover, especially if the Q1 news flow stays positive. But we all know the saying about greedy piggies.

I’ve already had one takeover in 2025, and I’ve got no regrets about top slicing it. My heart may have sulked at the time, but my brain certainly hasn’t. The trick is to work out what percentage of AUM you are comfortable with and in what account. An ISA you want to shoot the lights out 33% max, a retirement SIPP more sensible 2-6% maximum. Have a plan to move no more than one 5k or so a month due to liquidity.

Yes both these have zero gearing.

Then the Segilola al Resource Estimate for update is scheduled for release in Q1 2026.

Agree - preciouses metals needs a pull back to wash out the Johnny come late investors in the space and restore health to prices.

Yeah, we all have access to the gold price. This is exactly what you expect in a post-Christmas end futures rally on low volume, just like today, and likely the rest of the week will be as well. SRB held up reasonably well as it never really broke out of the last highs like many others. I added a small batch below 300p and also increased my 2x leveraged gold position into the close.

LUCAIN, I don’t see Trump wanting to bomb Segilola. Nigeria is actively working with the US to drive terrorists out of the north and out of Nigeria.

I think it’s worth keeping expectations fairly low going into the Douta feasibility work. This is unlikely to be a headline grabbing, high grade monster. A more realistic outcome is a fairly conventional open pit with maybe 1.0 to 1.2Moz, modest grades and economics that work but are not spectacular. Capex could still be meaningful and the returns will depend heavily on sensible staging and disciplined assumptions rather than blue sky.

That said, the real value of Douta is not about blowing the doors off on NPV. It is about diversification. Even a conservative, buildable project gives THX a second leg beyond Segilola, reduces single asset risk and extends the overall company life. If the study proves Douta is viable on cautious numbers, that alone strengthens the business and gives optionality rather than forcing the company to rely on one mine forever.

Escalating? Maybe globally but not in Nigeria who are benefitung from working with the US on these strikes. Making Nigeria investible and pushing terrorism out.

I’ve been tracking gold closely, and it looks genuinely strong here. This feels more like a breakout than a simple continuation of the existing trend.

The concern sits with silver. A lot of fast-money traders have piled in, and the sector increasingly looks driven by speculation rather than fundamentals, not unlike what we’ve seen before in crypto. If that dynamic turns into a bubble, it’s worth remembering that bubbles don’t burst overnight; they can persist for many months, even years.

Against that backdrop, I’d rather see THX taken out sooner rather than later.

Its on the London Stock Exchange website:

https://www.londonstockexchange.com/news-article/SEIT/holding-s-in-company/17368195

We’ll see once Canada and the US open. Over the coming days and weeks, we may also see profit taking in silver, rotating into the lower volatility of gold and related assets... I think this has already started.

Junior gold miners are pretty much all making new highs. THX has +10% to get to previous highs.