Member Info for Genghis15

Yep, smart move by Robert Bose. Robbery, but smart ; I thought 50p was on the cards here once a drill turned next year. . Now we have to decide ; stick or twist?

Yep, That has usually been the case. And mb it will be again. I'm certainly not basing my investment decisions on gold going multiples higher. And there's always a cycle, so wherever it tops out there will be a fall to follow., somewhen.

But....we live in interesting times, there is no doubt the financial system has become increasingly complex, interwoven, and leveraged. And many would say, more fragile in consequence ; indeed Trump is dismantling many of the controls put in place post GFC. We came damn close to a financial collapse in 2008, and I can't see today where the sort of leadership/pragmatism/ co operation that demanded is going to come from.

Not saying its gonna happen. But the probability is not zero, and so I've bought more and more gold interests over the last 9 months.. So far, so good.

Schiff is a gold permabull, tho that doesn't mean he's not right. Another is Pierre Lassonde. of the epomymous Curve, who is predicting $17,000 gold. https://www.youtube.com/watch?v=JpjLPYxlny8

Is that possible? I don't know. All I know is that the baboons have taken the helm of the ship, and gold is the safest harbour, imv. Others say BTC, but as Lassonde says, turn off the computers and it doesn't exist.

Who knows. I've taken various gold plays but THX is by far my largest individual stake.

Should be live streamed. Not only PIs but many analysts will be reuctant/unable to travel there easily. Guess a slide deck RNS will come out on the day to comply with rules, but not the same.

Way too cheap here, even afterr recent rises.

Mns

You will have to do your own math on production/net income from Douta, Segilola MLe, and Ivory Coast. Then factor in risks over PoG, jurisdictional issues, tax, etc.

My own view fwiw is that given the global backdrop I'm happier in gold than in the bank, and THX seems set on expansion- I don't see Segun resting on his laurels so Cote d'Ivoire could just be the start of a wider W Africa mining growth story. The only reason I'm not adding is that even at 68p I'm way overweight here, having held from a 22p average. But I'm not top slicing either. This has a great future imho, and 3x from here is easily possible in that timeframe.

Agree with all that, ISA. Segun is so far proving a very capable and trustworthy founder/CEO. They're a rarer breed than I ever thought before I began investing!

Agree almost 100%, ISA...my only caveat would be Neils Bohr's famous line ""Prediction is very difficult, especially if it's about the future".....I agree your PoG forecast, especially in a world that seems more unpredictable than ever atm. But you just never know.....

+ divi not keeping up with inflation, which is why the SP languishes maintaining the near 10% yield. What appears a sound business model not really delivering. But still cash to deploy, I'm still holding as I re entered below 29p, but patience is finite.

"Why don’t they do a share buy back instead of paying a dividend

Would that not help the share price go higher ?"

Hasn't worked for #CAML. Quite the opposite.

V +ve report today. still u/valued here.

10p bid now.....up 13%.

Dangermouse

AFC have 15%. Segun 5%. Where's the problem?

No, I haven't listened, what did they say?

I m judging on their record, and whatever they say will need tom be considered in that context.

Good to keep feet on the ground, Guvvi. But the way PoG has gone over the last 6 months, if GS etc have lived up their promise perhaps the OB's 60 to 70p SOP valuation might start to look a very achievable SP target.

I think you miss my point. Yes, it's a great business model, and appears to be well enough executed. But that divi has been in place for years while SP only goes backwards..which is why its a near 10% yield at todays SP.

Constantly raising new cash has suppressed the SP while failing to grow the dividend. In any sensible world that is a failure, yet last month directors received free shares under their LTIP. Shareholders just see an unchanged divi and a level SP, waiting for the next raise to knock it down again.

If you can't raise at or at a premium to current SP, just grow organically.

Yep. Get out while you can, unless you trust this bunch of rapacious unprincipled b$st$rds to not rip you off aecond time and you don't need it for 5 years. In the meantime, I suggest you write your MP to protest this, as many have, and more should., in the following terms.

Subject: Urgent: Please Support Treasury Select Committee Review into Regulatory Failures

Dear [MP’s Name],

I am writing as your constituent to ask for your urgent support in relation to the recent Anexo

Group takeover, which has raised profound concerns about the protection of minority

shareholders and the integrity of the UK’s financial markets.

As you may be aware, this case has already been raised with the Treasury Select Committee, and

I attach for your reference: a recent Investors Chronicle article by Simon Thompson, highlighting the wider market

integrity issues at stake.

The message is simple: regulators have failed to act. Each has passed responsibility to another,

leaving pensioners, parents saving for their children, and ordinary investors exposed to coercive

practices. The company itself has claimed it has “done nothing wrong” and pointed out that “no

regulator has complained.” This highlights precisely why parliamentary oversight is now

essential.

I therefore respectfully ask that you:

 Publicly support the Treasury Select Committee’s review into this matter; and

 Write to the Committee directly to indicate your support for a full investigation into the

regulatory failures.

This is no longer about one company. It is about restoring confidence in the UK’s financial

markets and ensuring that minority shareholders are protected.

I would be grateful if you could confirm your position on this matter, and please copy me into

any correspondence you send to the Treasury Select Committee.

Thank you for your attention and support.

Yours sincerely,

[Your Full Name]

[Your Address & Postcod

https://www.investorschronicle.co.uk/content/372f9d26-daaa-412a-bd70-33f10028b77f?xnpe_tifc=b.QshkbZxuHlbuoj4IEuh9psafeWaeiWhFW_RMPgRki3hIxd4oB9afeWaG8.adJS4DnDhIBsxdxl4FQ_hFHl4XTT

No increase since March 22.

Just what is the point of this constant raising of more capital- ALWAYs at a discount, ALWAYS knocking back the SP- if the divi never increases?

Obvs I am but I'm not going to ignore their T&Cs by pasting the article. An excerpt here, the gist of the article is that miners like THX have so far benefitted from the upswing, but with nore to come as they pove themselves with second, or multiple. mines.

"The benefit of its work on the Douta project in Senegal is that the country has a better reputation in mining circles than Nigeria, where Thor’s Segilola gold mine is the only commercial operation.

The new mine is further off than La India, with Thor set to produce a preliminary feasibility study by the end of the year. This is the second-last study before financing (which usually comes after a bankable feasibility study) but companies often work on this at the same time as the first steps in construction and financing.

Segun Lawson, Thor’s chief executive, says the safety net of cash flow and the Segilola experience mean the second time around should be easier. “The cash flow we are generating now is not only funding exploration, but also putting a provision away towards the Senegal build,” he says. “It’s a nice problem to have, thinking about where to allocate that cash.” "

I must be having a senior moment, cos I see the IM meeting is tomorrow. But sadly the window has closed for pre submitting Qs, and I'm not sure I can be at the live Q&A tomorroow. Ho hum.