Member Info for HarChris

A bull market?! No no we haven’t LW! You literally just proved my point by naming a bunch of gold stocks (and copper)… AIM has been in the worst bear market I’ve witnessed, almost all stocks are well down over almost all timeframes besides, mainly, gold stocks because gold has become the safe haven in difficult times.

BRES has held up relatively well over the past year or so compared to the vast majority of explorers. Ever lower placings sure but nothing drastic.

I’m not a holder here but if I had the cash available I think right about now is when I’d buy in - can it go lower? Of course. Will there be an equity element to the larger funding package? Likely. But still, I don’t think it goes much lower and fast forward a year or two and we should we talking many multiples.

Little nudge, nudge, wink, wink

https://x.com/thorexpl_thx/status/1902329964092952591?s=46

Did we ever get confirmation that ABDX are manufacturing the LVOne test? Either way you’ve got Yates commenting immediately on it so seems pretty obvious, right?

Thanks for sharing, also jolly good for healthcare full stop.

It’s an interesting question Legalwolf… perhaps you could name the juniors who are suddenly doing well?

From what I can see it’s more about the commodity, those juniors connected to copper, tin, gold etc are doing well, whereas with graphite, lithium etc there’s less interest currently.

That’s fair enough, I’d usually advocate the same but I’ve been waiting months and months for this news rich period to commence. I’m not reducing before it even starts even if I’m up 100% on many of my buys.

What matters to us investors is whether the jurisdiction is hurting THX financially, ie are there issues with licensing, permitting, or issues with sales (could be transport/port issues, poor roads etc).

And the answer is no, the opposite. THX are making so much money partly BECAUSE of the incentives offered to them by the Nigerian government. Right now the jurisdiction is a major boon.

Thor managed to pull off a huge debt funding deal to build the mine in Nigeria and then IPOd on AIM @ 21p - if Nigeria was so inhospitable they simply wouldn’t have achieved that.

Now they’re the biggest cash cow on AIM and somehow the investment is too risky? Total nonsense.

What a strange first post re THX. Don’t buy it for a second.

Completely agree Kaeren. Lack of updates as we get closer actually increases sentiment and interest, as long as there’s enough faith in delivery, which Bo has earnt over this past year.

Was also in Shanta and it was a total stitch up, but they got away with it because they moved early before the gold move got going.

Thor was very vulnerable to a similar fate a number of months back, especially after the Osun uncertainty, but no way now is any offer going to come in below at least 45p (if that).

See this is the point. Because you’re always going on about the next pour, the lack of trust in Emma’s words or can’t trust forward guidance etc etc essentially you agreed to drop it all and see what April’s pour is first before continuing your criticism. You managed that for a few days, and then came back in exactly the same fashion, arguing that as long as you don’t mention a specific figure for April you’ve not reneged on what you said… but you are for all intents and purposes.

I agree although a couple of things will need to happen first. There will need to be mine life extension at Segilola for a meaningful amount of years/ounces and highly favourable economics from PFS/DFS at Douta, with the POG remaining as bullish as it is (by say, the summer) and then something like £1 is more than reasonable as a TO target.

Yeah, any day. Will definitely land this month.

And there’s a case for a LOT more than a doubling… net profit was $11m in 2023, that’s grown to at least $90m in 2024 and on track for $150m (sure, I know it’s early) this year.

That to me deserves far more than a doubling of share price.

If they can hedge a portion of their gold at close to $3000/oz that means NET margin of $2000/oz is locked in - that’s an enormous amount of profit essentially guaranteed.

If gold did go on to even higher levels we’d still see the full benefit from the majority of production.

Either way, whether or not Thor becomes a $B company in the future won’t rest on these sorts of decisions, $2.5k, $3k, $3.5k, anything in this range sets them up perfectly with execution being the ultimate factor as to how successful this investment ends up.

I have no idea but it’s possible that they do take out another forward contract as it would support the debt financing with AFC for Douta. It’s something to ask at the next opportunity, but as any hedging contract would be being discussed now it would mean locking in sky high prices for a good chunk of their gold for the next 12 months, even if it’s just shy of $3k.

So wouldn’t bother me if it does turn out to be the case.

This gold price happening now is so critical, during the years of the tax holiday - it means the entirety of the gold price rise is crystallising to cash.

No tax, no hedge, no interest on debt (because there’s no debt), the vast majority of EBITDA becomes net profit.

If gold stays in a bull market over these two years THX will be totally transformed.

It is crystal clear that you’re waiting for these Feb results so you can jump on them and claim no progress is being made - for that reason I imagine Emma is holding off just a few extra days so the Homase update can showcase the step change to be seen in March.

Remember when you said this five days ago? ‘ GG. Let’s reconvene in a month then, and see if it’s 800oz. I sincerely hope it is.’

You lasted just a few days before returning with the same narrative.

Would love to see this catch up with TSX and push on today even before news lands.

that first part is, without gaps, h ttp://****/

or i guess just search thor explorations on telegram.