Member Info for Genghis15

Quite. Tho oc if gold falls further THX sp will likely follow at least ST. But my overall conclusion from my re evaluation is the same as yours.

On a 1, 2, or 3 year view this looks a very solid hold.

Looking back on InvestorMeet Marahui drill results are "targeted" for Q2, so a week to go, with luck.

More Senegal drilling updates also due "Q2".

Also "aiming" to have Segilola u/g drilling results by end June, and more on satellite deposits at some point.

Marahui initial drilling results "this quarter"

Then mid July we will get Q2 ops.

I suspect like many here the falling Pog has had me revisit the investment case and ask myself if it's time to move on.

But lots to come here, even if gold were to fall further....and, of course, it may well rebound higher in no time. So much news to come, I'm holding long.

Douta mining licence in "5 to 6 weeks" ...said 3 weeks ago, so late July.

Douta FID Q3.

Romaron

I'm willing to entertain the ideas of Jeff Currie, and even, at a pinch, the ideas of a drunk trader after a boozy evening. But then we get "Peak Solar"....who thought that one up? Kathryn Porter is the climate deniers favourite go to economist, who has peddled nonsense for a while, and been found out. https://bylinetimes.com/2026/05/20/ofcom-upholds-met-office-complaint-against-talk-tv-for-claiming-forecaster-made-up-temperature-data/

Yes, this is an oilco and we're investors in fossil fuels. That doesn't mean we have to e science deniers.

Oberon selling .

"if" there's even a deal on the table. Every word that orange lunatic utters is nonsense. NACHO, not TACO.....at least not yet.

Quite right. Even under £4k gold THX prints a LOT of cash. And while the Segilola extn plan would be nice to see, we know there's plenty of production from stockpile, we know there are economic satellite deposits, we know there is more gold in the pit, we know there is more gold u/ground. It's not like Segun is wildcatting to keep the crushers fed, we know from drilling there's years of production left, we just haven't seen the plan yet.

It shouldn't be hard to be patient when cash is building up by over $4.5m every week (80k ozs x $3k margin/365 x7) less c. $500k exploration costs.

I couldn't access that note. So, we have Charles Archer, Zeus, and a drinks reception on Thursday. This s/holder engagements is welcome, but i can't help but think..why now ?.. is this preparing for an opportunistic raise?

Yes, I know JVs cover a lot of exploration/development, I know they raised in late 25, but still...I wonder. Perhaps someone will ask that pointed question of AW on Thursday. Can he rule out a raise b4 2027?

Https://x.com/MiningRobTyson/status/2062485565941895660

Major, the real wake up moment for me was at the bar in the Gherkin during the presentation, when a young chap next to me confided that "we're all gonna be filthy stinking rich!" just after the golden tickets mention. I just knew it couldn't be true.

As you say, different kettle of fish here, I should not really have brought it up.

Not saying it's a bad thing occasionally but can't help remembering James Parsons, wining us at the Shard, the Gherkin. and the Ritz, no less,. with what in the end was shareholder funds!

TBC I see Alex in a totally different light, having already delivered 2 FO partners. I may even attend!

Yes, you would expect that top give at least some fillip to the SP....but no.

Alex Newman mb picking up some of the retiring Simon Thompson PF, IC don't seem to be replacing him with a like4 like small cap commentator/analyst.

Fantasy from the Reform loons in the pay of the oilcos. Sky's Ed Conway explains here why tho it would make sense to exploit our own resources, there really isn't that much left to make a huge difference.

If Reform succeed in sabotaging renewables, it will be the biggest conscious at of self harm since Brexit,.

Similarly, even in the energy rich US, anti net zero measures will ultimately not be of benefit to either the country, the planet, or it'e people.

https://www.youtube.com/watch?v=eDr0Z19x3p0

Too mamy ppl here not focusing on the investment case.

oil industry bull****.

Fwiw my own view agrees with that set out in that gold paradox link. BUT...I fear the sell off may have furher to go as PoO inevitably rises further in the next months barring a miraculous return of peace in the Gulf.

It's hopeless trying to trade it tho imv, I'm just holding on thru the dip but holding a few oilies too.

Buffin.

Me too. I was disappoimnted in the TO of Challenger, seeing more upside from OFF3 as a separate co. Stayed invested anyway . My confidence in Robert Bose is shredded.

Plenty? They are certainly funded for a while. But that facility only funds EPP for FEED.

We have no clarity over who/how the £200m project construction will be financed, afaik.

I must admit myself a bit puzzled over the fuss/SP move on NSTA approval, which was surely never in doubt., What we need as investors is clarity over funding, imv.

It is not about "wanting Iran to prevail". It's about this administration learning it does NOT "hold all the cards" and that breaking things has consequences.

Plain fact is that Trump has placed his own balls in a very predictable vise and Iran now has the upper hand. They too will have to come to the table eventually, let's see if there is any truth in the latest rumour, we will onlky know if/when Iran confirms it. who could have imagined a world where the words of the mullahs carried more cred in the markets than of POTUS?

The UK is very close to it. And if the UK has a full on cricis, will RoW excape completely? i doubt it. Anyway, we'll have to wait and see.

I should add that given there seem no valid reasons for refusal, hence the officers' recommendation, costs will almost certainly have to be reimbursed by the council.

It would be a welcome change in law of councillors could be held personally responsible when they override advice knowing the council will be incurring avoidable costs. Officers are held liable for such things, but not councillors.