Member Info for HarChris

It’s not astonishing, it’s actually higher in the States than the LSE price. It’s all to do with the US markets rallying after UK closed yesterday.

They’ll be aligned, percentage-wise, from tomorrow.

I think it’s at a new ATH spot with only the futures going higher a week ago. This is I believe about to set a new spot record.

And amazingly crude oil is back under $60 a barrel alongside.

Well that's interesting. One of my questions was digging into what pacifico has informed us on here, that Douta is looking like a high refractory ore body that would then require much higher capex due to needing a BIOX processing plant.

My question was whether the figure of $175m capex for Douta is now likely to increase significantly due to the percentage of refractory ore - Segun didn't go into any technical details but simply said that there has been no change to the capex estimates for the project.

If Douta is still able to be constructed for $175m then that's amazing news.

Could this be well planned and timed to minimise the boards ability to deal with the share price destruction? Or is that a tad far fetched?

'I still think 35p (broker target) is a discount'

I presumed you were probably senior management rather than on the board, there's only a couple of members of this new board. Can you confirm that?

'Completely unhedged as of today' - so we know for certain now THX is seeing all of this $3100/oz gold price, they've not entered into a new forward contract.

Oil is still at a four year low ignoring Monday’s deep cratering. And since Jan it’s a good 25% lower and the gold price was $2850 then.

We’re all looking forward to Q1 because of the record margins we will have seen and yet April’s margins are already much better than that. That’s how good things are for THX right now. They seem too good to be true then they improve further.

119p UK equivalent price currently.

Well they’ll have to declare if they are directors when the shares are issued so you’ll find out at some point.

I think graphite is one of the metals/minerals that’s exempt.

Mumbo I wouldn't be concerned about cash burn, this time last year they were giving $150m back to shareholders. PureTech have more cash than they can throw a stick at and have up to $375m from Karuna still to be received + ongoing 2% royalties from BMS over $2B net sales. I don't think they'll be running out of cash anytime soon.

This was the last time GRL announced an AISC: 'Homase has not yet achieved consistent positive site-level cash flow, with an average All-in Cost ("AIC") of US$1,369 per ounce average for 2022, which is primarily due to a lower-than-expected production rate and ongoing inflationary pressures, in particular in relation to fuel, spares, consumables and reagents.'

Fuel must be a rather large chunk of GRLs costs, right? In 2022 international crude oil price average ~75% higher than it is today... sure other costs will have increased but is it unreasonable to think AISC could be fairly similar to what it was in 2022 with the increased scale and plummeting fuel costs?

Think about that against a gold price of $3080/oz.

AISC at the bottom of range perhaps?! $3080/oz gold vs $800/oz AISC?

If you told someone that they wouldn't believe you!

It’s not the 3.75p that’s particularly attractive (share price will likely drop to that anyway upon listing) it’s the 1:1 warrants as well as potentially tons more warrants at a much higher conversion price.

There’s a hell of a lot more risk-free upside for those taking part in the latest CLN than those that will be buying on the open market.

I would certainly be very fearful of cash-poor or debt/laden businesses in this market climate but a business with its market cap in net cash? That’s a safe haven!

Cap and Floor Bid Window now open:

https://x.com/invinityenergy/status/1909903150611308975?s=46

‘ Does anyone have a breakdown of costs? I assume diesel is quite a large component?’

_________

I don’t but last November when asked whether AISC could remain so low, well below $1000/oz, right through 2025 and 2026 Segun’s response was essentially ‘yeah as long as the main costs, most notably the diesel price, remains low’.

Fuel has fallen even lower since.

Oh I get it Rob, I’m here and strapped in and feeling rather insulated from what’s about to be unleashed on the world.

I still find it utterly amazing that THX is 5% higher than its mid 2023 high despite going on to make ~$150m net profit since (to March 2023) and now able to make $40m per quarter going forward… 5 whole percent! No extra shares in issue to exaggerate this fact either.

24p was tagged in mid 2023, I have just bought more shares at 25.25p. Crazy disconnect in what must be one of the safest stocks on AIM in this environment.

With copper retracing so heavily gold is now just about the only mainstream commodity that is thriving in this environment.

I think sentiment is only going to grow here over the coming weeks.