Member Info for Danger_Mouse

Conkers Corner podcast - They don't seem to be at all experienced. How have they not looked at FRES etc... I would most here know far more than them!

SRB is still moving up around the same as 2 times leveraged gold despite the slow selling. Thats OK.

Thats because money flows into physical and mining index first before eventually filtering down into the UK juniors and more under the radar stocks like SRB. It pays to own the index and filter some money down, I do it with selling a little SILV and 2BUL occasionally.

"Low-risk mining typically only comes with scale and multiple projects, as seen with companies like RIO and GLEN. In our favour, SRB is special because it involves underground mining, which causes less environmental damage. It is likely the biggest underground miner in Brazil a pro-mining country. In my opinion, it carries lower risk than its peer group, but one would hope investors combine SRB with a diversified ETF like the VanEck Junior Gold Miners (GJGB)

It’s not bizarre – buybacks are highly tax-efficient compared with dividends or capital gains. A clear example is the major oil and gas firms, which have relied heavily on buybacks to return cash to shareholders while enabling profit-taking in a more efficient way.

Buyback help to serve sellers exit at a higher price. Right now THX needs to focus on making as much money as possible before they need to start paying TAX and then sell the company at that point.

As for THX, the cash flow torque from the tax holiday looks amazing, but it sits on top of a relatively short resource life unless exploration delivers. It needs to prove it can grow Douta and Côte d’Ivoire quickly, otherwise the cash gusher stops after Segilola. SRB has smaller tax-adjusted cash flow near-term, but a clearer pathway to doubling production on known, safer resources. By the 2027+ pro-forma view at $3,000/oz gold, the valuation multiples (like P/E or EV/EBITDA) look stronger at SRB than THX, because THX will start paying 30% Nigerian tax, while SRB, assuming Coringa doubles its production, benefits from greater scale. Both are still excellent value stocks.

I have no problem with open pit but MTL's key environmental risk is its BIOX + cyanide processing circuit, which produces arsenic- and sulphide-rich tailings that must be carefully contained in a large dam in a wet, seismically active part of the Philippines. Any cyanide ingress (as seen recently from illegal mining) can disrupt the BIOX bugs and heightens both operational failure and toxic discharge risk compared with simpler flow sheets at SRB, THX and if I recall PAF though I have not looked at PAF in over 15 years. I am having to re-learn everything and it is taking me time.

Just want to add MTL does carry a heavier environmental footprint compared with SRB, THX, PAF and most of the companies in SILV or GDXJ. While all factored in the higher quality companies do see higher multiple expansion first, so allocate accordingly as I am sure you all do.

You've all picked up on the best though I am only in SRB and SILV. I think SILV will add something to those as it contains many Canadian operators.

Indeed, the gold price is displaying a Bull Flag pattern, while the miners are experiencing a profit-taking dip with short-term downside momentum. This highlights the whipsaw risk for anyone considering profit-taking in this sector. SRB's spread is wide enough to accommodate this volatility. Fratelli has done well taking the risk and selling to us at lower risk.

Profit taking in the sector looking to be over this morning, so don't get whip sawed! SRB nice and solid.

SRB is nice slow mover with very healthy volume. Perfect for recycling higher volatility gainers and compounding here over the long run. Often top slice my 3 times leverage silver into SRB and now left with SILV a 2 time silver that will eventually makes its way into SRB.

Klarna IPO as at $40, I really don't mind if it falls under this given our discount and the % AUM in CHRY, just as long as its sold to buy back stock at a discount. All eyes are on Starling Bank and financials as a sector should continue to do really well. - It always pays to wait for the dip in CHRY, wait again, and then buy. I added on Friday.

I know what you mean cefncribwr, but GAMA is not value investing because it has growth. It is GARP investing. Probably the best GARP investment when considering the absurdly low risk that attract IHT investors who then became the reason for near-value-stock like valuation! Best low risk opportunity for some one to make money on the way up. Just hope its me.

"However all that big money available in the main market is saying avoid." - they know better than us how many IHT investors there had been. But there are green shoots now, though today is a bad day.... just like most of the last 12 months!

"Any reason why you are uncomfortable with us shareholders?? Or did you mean the IIs?" Neither. the large gives them a considerable influence over decisions regarding dividends. That aside today is happy day for us on Canada for THX.

While, the explicit purpose of the tax break is to change corporate behaviour by making investment more attractive, the immediate tax savings are intended to boost cash flow, making it easier for a company to invest in more equipment, expand operations, and become more productive in the long run. I am still uncomfortable with share holders here but I will be adding on pull backs like these.

I am optimistic about this opportunity, but I must agree that the board's miscalculation of the amount of IHT selling warrants dismissal. The decision was especially damaging given that GAMA was a premier GARP stock (low risk + growth) that resonated strongly with IHT target investors on AIM.

Pound cost average on the way down. What matters is the direction of earnings growth and if that is good we will do fine. I am almost upto 4 percent AUM happy to double over time if it goes lower, but I don't expect too, I think the sellers and buyers have found a level.