Member Info for Genghis15

Https://www.investorschronicle.co.uk/content/f6efb5e0-5a0b-4880-b1d0-3cf1b57a523c?xnpe_tifc=xuxZ4IV74fP_4kQ_4IzXb9psafeWaeiWhFW_RMPgRki3hIxd4oB9afeWaG8.adJS4knXOFzjb.odhkoXxFolhzTT

It all reads very well, but don't they all?

Shame I missed the IM presentation cos 1 Q jumps out at me. Report speaks of lease renewals being RPI linked, but doesn't mention cap or floors. So many new leases here have beemn announced with caps of 4 or 5%, which seriously caught them out in the pandemic ; no wonder lease renewal are at higher rents if they've lagged inflation. Better to have slightly lower base rent than limited inflation protection, imho.

I could post many, many vids here of "analysts" saying gold's going to $5k next year. Some, like Pete Schiff,are permabulls on gold, but that doesn't meean they won't be right bone day. https://duckduckgo.com/?t=ffab&q=peter+schiff&atb=v489-1&ia=videos&iax=videos&iai=https%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3DpjoD-p4VCY8

Others are serious economic commentators who are employed at serious commercial bodies who think Trump's ignorance of economic and monetary issues are undermining faith in the $, risking stagflation and a perfect environment for holding gold. Trump, meanwhile is punping crypto to enrich himself & family, making you wonder if he actually WANTS to collapde the sysyem, as many crypto fanatics do.

So you can try crypto if you choose. You can ignore the whole thing and hope everything carries on as normal.

Imv, times are NOT normal. I choose gold.

"And still it leaks away" Of course .

So many held for the divi, which has halved. I know some active investors pushed the co for buybacks, which imv was an error. many who held for the divi will be selling. And yes, I KNOW the accounting arithmetic means buybacks should be more efficient, better for holders, blah, blah. But it ain't cold hard cash twice a year. i don't expect it wil go much lower, but imho it's unlikely to go much higher for a while now, buybacks or not.

It';s an overlooke share that will likely only move on another article from Simon T, the OB, or similar, imv. But always sleep well knowing the value is there in the NAV.

I see the odd familiar name on here... dunno if that's good, or not! Anyway, I'm in for a few, bit of patience likely needed, but ain't it always.

"We've got at least one, probably two gold mines queued up.... "

We've got at least one, more likely 2, and probably three gold mines queued up, imho.

Sometimes it's best to stick to your knitting.

Still Mcap of £350m for a co that is long way from even a PFS. The co has come a long ay towards proving commerciality, but ots not there yert, and will likely need more money to get there. Valuation still a bit rich, imv.

Holders should be happy it's held at this level (49p as I type), imv, tho of course further progress, if it fully proves commerciality, could send it much higher.

Long way to go tho.

The less cautious scenario here sees Douta at 100to 120k oxs in 2028. If Segilola were atsay 70k still, that would be over180k ozs, and in 2029 with Guitry online + Segilola down to say 60k mb even 300k. At $3500 gold that's $1B revenue, & at AISC of say $1500 thats $600m ebitda. Big nos.

Thanks, ISA.

I posted in haste without going back beyond the most recent vid. I'm spreading myself a bit thin trying to keep up with too many stocks atm, I must rectify that!

Anyway, the upshot is that Segun has left it open to alter the divi or not, with all the ooptions open on funding for projects. All prospectse good here, that's the main thing. Ignore the recent drop, fundamentals only get better.

Fair enough, willz, I stand corrected!

Sugun has consistently said the current divi is set for 2 years, when it will be reviewed. The Bod could changev that, oc, but the latest interview stuck to that line.

I would be surprised at a divi increase at this time, with so much going on across 3 jurisdictions I would hope they keep their powder dry to finance Segilola MLE, part finance Douta and get to PFS at least in Cote d'Ivoire.

A look at THX's portfolio tells you the growth story here,

1. Segilola has 2yrs left of original mine life, per Segun's last interview. Add say, just 2 or 3 years for open pit/satellite extension. then add at least 3 more for u/ground ops. That takes us to 2030, minimum.

2. Douta, PFS due next Q, and we know it will a very advanced PFS with a shortened timescale to DFS. There will be no difficulty securing funding, even self financing if necessary. This mine could easily be up and running by mid to end 2027.

3.Cote d'Ivoire. Guitry MRE by end 2025. How long to a working mine? 3 years? 4 max? Marahui close behind.

Add those 3 together, and depending on your guess as to annual production, THX will be producing a LOT of ounces in 2 years time, ans even more by end '28. If Segilola falls back a bit to say 60k, Douta kicks in with at least the same (and growing) and that's quite possibly 120k pa in '28. Add in Guitry in '29, and Douta ramp up, and 200k pa easily achievable. Marahui not even factored in, even tho it just might be the jewel in the crown.

Even if AISC rises a bit, that's $400m ebitda, pa. And I think my figures, tho complete guesses, err on the cautious side. I could easily conjure much higher figures. Of course there are risks, operational, political, and pricewise, so please do your own research, back of envelope scribbles, and see what you get. I'm only sketching out a ballpark.

But the above is why I'm not worried about a few profit takers on the way up.

"Trumps on a drill,drill,drill baby ethic!!"

If you put any trust in the words of the Great Orange Baboon you are lost. He can mouth slogans as much as he likes, drills will turn based on hard cash. CEG will get that cash, as the Chevron farn in shows. But in the wider market, Malcy is right, PIs are chasing mining stocks, esp green transition metals, more than oilies, which likely explains why this hasn't yet flown north.

It will, once we get news on seismics and FO.

Glad to hear. Not a tealeaf reader myself, but always good to have them onside. The fundamentals are also very solid, with a growth story into the next decade and a very supportive gold price environment.

Some will have top sliced for portfolio mangmnt reasons, but I'm holding all mine despite being way overweight here after this year's rise.

Wouldn't read too much into that. I think both Segun and LT holders have been pretty confident from the outset of a significant MLE.

Yep. I'm not ttrading this, so much to come as long as PoG stays high/higher.

Another good move by Segun. This can't of course have come out of the blue, clever positioning when the original deal was struck on Douta, is my guess. Let's see the PFS b4 Xmas. and hopefully DFS soon after, as Segun has indicated the PFS will be a long towards the DFS anyway. A few more +ve drills in Cote d'Ivoire to come soon too, hopefully, along with more detail on Segilola MLE.

At this rate we should sail thru £1 by next year, esp if PoG keeps rising, as I suspect it will.

Wow, indeed. Not heard of this Canadian analyst b4, but then I don't normally follow TSX stocks. Appears a v credible analysis, but perhaps anyone who knows TSX better can advise on that.

" TSXV: THX's STRONG BUY recommendation is based on its score from CFRA's quantitative model for Canada.

Valuation and Growth model sub-categories are the two largest drivers of TSXV: THX's STRONG BUY recommendation.

Valuation includes factors such as price to earnings, price to cash flow, and enterprise value to book value.

Growth includes factors that measure EPS growth and stability and cash flow growth and stability.

TSXV: THX's overall score ranked in the 1st percentile of all stocks in the model universe "