Member Info for HarChris

Really?! You think if they’re now at 800 ounces per month (ie short of 1000 oz) the share price is going to fall further from this beaten up valuation? 800 ounces is almost the same revenue per month as GRL generated in the whole first half of 2024… it’s light and day.

We need to see real signs of execution if we’re ever going to get to the sort of 10p type valuation that many of us are hoping for but it won’t take much to have this back at around 3p.

I am! I bought more on Wednesday and it’s my biggest holding by a country mile! I think this is the calm before the forthcoming storm.

7p is four and a half months profit. You might get that one day, as a special dividend :)

‘1b reporting at the 'End of 2025'‘

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After enduring years of a small p1a trial, roughly 10 months from first dose to data readout shows that we’re in a totally different place now, with all the regulatory issues that came with being a first in human trial and the attempts to find an optimal dosing regime now behind us.

Data is going to come thick and fast for those under NDA… we really are close to finding out once and for all just how good AVA6000 and this platform is.

“ Has P1b dosing started yet?”

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Can we all just stop and take a minute to admire just how much egg Touk has on his face today. Not once but twice.

Perhaps its best you go lay down in a dark room for a few hours before you humiliate yourself further ;)))

So late Q2/early Q3 this year? Maybe, but there will be plenty more data by then to open up funding options - LDs? Partnerships? Raise on nasdaq?

All options are better than a discounted AIM placing which hopefully won’t ever happen again.

The decision to buy Launch, to build the diagnostics division out alongside therapeutics and take on the CLN has wiped tens of millions, probably hundreds of millions of dollars off the market cap - it's one of the poorest decisions I've ever seen and has made the last two years inordinately tougher than they would have been otherwise.

Still, the efforts to divest it and focus on therapeutics as a pure play will pay off and Avacta are funded right through this P1b across three arms and into P2 so all is not lost, soon we'll start to see value reflected back into the market cap.

Hide it? What utter nonsense. It puts near term placing rumours to bed.

Hiding it would be after hours on a Friday, not pre market.

My favourite gold analyst forecasting new all time highs again for gold very soon, on the next leg up following this consolidation. So on top of these three to four big RNS’ still to land in March we might well have gold hitting $3000/oz. Does it get better than that?

It falls entirely at the feet of Alastair Smith who is long gone - let’s not blame Christina for undertaking the challenging task of steering the ship back on course, which she is doing.

“ HarChris

“We are very close to the finalisation of this Dx sale that should double cash position ”

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Haha spoken a few minutes too soon eh Touk?! ;)

Add Coris next and that’s a doubling of the cash position and runway to Q2/Q3 2026 - yes other funding will be needed but it can definitely be tied to data readouts now.

“My experience says that on a trend this long it most likely means something is "wrong"

That could be the trial itself, or it could be the cash position.”

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Someone as supposedly switched on as you would know just how tough the market is right now, just how few companies are actually seeing any sort of share price appreciation on AIM, the amount of progress it’s taking just to stand still share price - wise, the enormous discount placed on companies that might have to raise in the future.

This is a market with no eye on the long term , only the short. Actually if you go back to late autumn/early winter the share price had its head above the 50p placing price, it was starting to look livelier, it was itching to move up and back towards £1 and what happened to change its course? Was there poor trial data released? Was there operational issues? Nope there was simply Christina stating that the next big data release wouldn’t be til later in 2025. That was what led to this even longer downtrend.

We’re at the mercy of a market completely risk/off, that prices in nothing til its official, that punishes silence no matter the reason. So no this fall does not in anyway suggest anything is ‘wrong’ re the trial.

No problems, DM’d you - hope that helps :)

That’s a ridiculous conclusion, there is literally no correlation whatsoever between agreeing to an interview and there being a placing.

There will be a placing if and only if they make a total bungle of this opportunity - they only need ~$1m revs per month to wash their face and that’s less than 400 ounces of gold dore at current POG ie they’re already ahead of that.

There’s a lot we’re waiting to hear about so the interview is timely, would expect the monthly update to land first early next week.

Feel free to send me a direct message on twitter, I post under #thx and a few other stocks.

You can believe what you want but from what I’ve been told it’s possible we won’t ever get the statement from the government we want, the matter is internally resolved and it’s a case of whether or not the federal government ever decides to voice that publicly. If not there will just be some commentary in the full year results stating that Osun State are no longer pursuing any further claims.

$1.9m was the initial reported claim by one of the local state governors but they then settled on $62k. Amazing isn't it, THX right now will be making close to $1m every two days, they make the amount they paid in tax liability in literally an hour or two. Yet it's probably held the share price back over 100% / $160m+ given the gold backdrop.

Investing isn't rational in the short-medium term.

I agree with that completely ID78.

Three further assay results and perhaps a month away from the start of the first full drilling season by Anglo (and upwards of $10m being invested this year) means positioning will start in earnest soon.

Not sure we’ll quite get to the 5.8p broker fair value share price (prior to a discovery) just yet but I do think we should be a good deal closer later this year when drilling season is in full swing.

All sorts of numbers were thrown out but this was the only action that was ever taken, from 1st October. A $62k payout:

'On Monday 30th September, the representatives of Osun State served a notice to Segilola Resources Operating Limited ("SROL") from a state magistrates court to seal the Segilola Mine site over unpaid outstanding taxes amounting to N98,347,105 (approximately US$61,900). SROL has now paid the full outstanding amount despite not being given the stipulated 30 days to review. The Company is aware of other figures being quoted in various local news articles, which are all false and unsubstantiated.

There was no disruption to operations at Segilola which continued as normal and remain unaffected.

The Company is in dialogue with the Federal Ministry of Mines, the regulator of the sector to prevent any such action from occurring again.'

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By the end of that month the Osun State representatives had stopped mentioning THX in any of their tweets or official press releases so it appears the matter has been put to bed - although shareholders would like public support from the federal government made public, rather than just private (which those that have spoke to management know is the case).

Haha I am. There isn’t one specific RNS that I’m waiting for although I think announcement of buybacks and Douta PFS, back-to-back next week would be quite the double punch.

Here’s another interesting fact. The share price is up 20%, $32m, since the start of 2023 and yet the net profit made between that time and the end of this month will be ~$135m. Crazy!

Never quite seen anything like it - Osun State issues understandably caused it at first but six months after the allegations with zero impact on operations and silence from loudmouth state officials since October should tell us a lot -the government has sided with THX.

This is an ugly market for small caps but I think when these next two RNS’ land alongside official commentary from the government and further drill results from Segilola (nearing the MLE plan) we might just see the SP many multiples of today’s price.