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Well in terms of the tax loss deal MGA are looking at buying tax losses that could save them 15mAUD for a fraction of that plus tenure that has a very ‘hot’ metal in antimony and a commodity in gold at record highs. So a pretty good deal for them.

And with ECRs placing they are now funded for the medium term so it isn’t essential for the deal to go through like it would have been sans placing. So a strong hand if you ask me.

It’s really not.

DKL took out much of the €30m debt they have around 21/22, so now it’s starting to mature. They therefore have to start paying that back so it’s not enough to simply get the cashew facility up and running, they really do need to be generating enough cash to meet all debt maturity over the coming years (€5m pa???).

If not they will need more of the debt refinanced and if they fail on that front it’s equity, whatever they’ve promised.

The improved cashew performance might have just come in time but significant risks remain here.

‘The "overhang" you're talking about was part forward sold‘

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I’m not sure you can say that with certainty, especially as Heights wouldn’t have known for sure that they’d be receiving shares this time around.

It’s always possible though that they hold on to some knowing that Avacta are rather close to some big potential catalysts.

That’s a balanced and interesting way to look at it.

To me it was as much a sign that Nvidia’s valuation (&the tech space as a whole) has simply run to unsustainable levels.

$3.5T… I mean, cmon!

ScarletVixen banged on previously about this being one big ramp in order to get placings away. Now they’re talking near term production it’s a new narrative, one of deluded directors that’ll never actually achieve said production.

So they’ve at least progressed from liars to fantasists!

At some point soon, either weeks or months, it’s likely gold will hit a new all time high.

The attention that gets will do this investment no harm whatsoever.

Was never going to get an RNS Monday and unlikely Tuesday too but odds go up dramatically from this point forward - interesting few weeks ahead.

Well it's lost half a $T in valuation in two trading days, that's quite a hammering.

Huge volume over the past few days with the share price edging up - that tells me we have many taking positions and others (possibly one big seller) taking the opportunity to exit.

We place our bets and take our chances so here’s to a good couple of weeks of news flow.

I think the recent share price action is a reflection of the tight spot DKL find themselves in. Yes they might be able to start generating cash but unless it’s substantial they are going to find the debt they have overwhelming. And with such a low valuation it’s rather hard to do much about it unless we’re talking a massive amount of dilution.

Not impossible that we see enough profit soon to turn things around here but the risk is high.

The idea that Argo’s situation is Chippas’ fault and therefore a new CEO can turn this around is for the birds - there’s been no business here for yonks and the only thing capable of saving them was irrational and illogical pumping of the share price.

It hasn’t happened so Argo is screwed. I would be very surprised if they find a new CEO, Jim’ll likely stay on until the eventual winding down. I doubt Jim’ll fix it.

Agree with all the others on here today… anything that increases the chance of reaching group profitability before the current cash runs out is a derisking event and we’ve now seen two of these in a little over a month.

Even if the imminent trading update isn’t the catalyst it’s coming so I chose today to add to my holding for the long term.

I'm sure there are some that aren't taking the short term gamble, for want of a better word, on the tax loss deal getting over the line this week. Whilst it's likely the deal goes through there's a reasonable chance that a few weeks extension is needed, especially if Nick is seeking improved terms, or some sort of partnership at Baileston is being looked into.

Personally happy with that risk so i've been buying/adding before the upcoming news.

I should caveat that by saying it’s only true if the tax loss deal goes through. Without it a serious rally would most likely be jumped on by management to bolster the cash resources, even if they were already funded near term, hence the significance of the MGA sale.

It’s not about a single event, it’s about whipping up enough interest and enthusiasm to see the share price go on a run.

ECR directors have managed it a few times over the past year or so but on each of those occasions it was stopped in its tracks by a placing, a necessary evil.

For the first time there’s no risk of any rally being cut short in that way and so for that reason the next time it goes on a run there’s every chance it flies past the all time high and doesn’t stop.

There was never going to be an rns today with Nick having only landed in Oz, what, less than 24 hours ago?

I imagine we’ll see fomo from tomorrow onwards.

You may excuse me of repeating myself but my posts are often a reply to yours, so we are both at least guilty of repetition.

Call it subjective if you want but I’m arguing that the scenarios that culminate in THX being valued lower than the current $150m are ones with a low probability.

I’d argue that the scenarios that end up seeing THX becoming a $500m company are at least as compelling as those that see it at only a $100m valuation, hence risk/reward in holders favour and a disproportionate amount of risk already baked in against the current assets and cash being generated.

That’s not to say that there isn’t risk here, of course there is, but I think it’s far, far lower than when THX were valued at 20p years ago as an explorer with plenty of debt on its books and entering production with gold in a bear market.

That CPR was done in 2018 with the vanadium price flying, it’s now arguably the lowest it’s ever been adjusted for inflation, so I’d temper those NPV expectations for the up-to-date feasibility study.

Anyone contacted the company? We should clarity on this, if the royalties now go to Octo it starts making this deal look pretty weak and too far weighted to Octo’s benefit.

Meanwhile it won’t hurt sentiment this week seeing price of gold about to break its all time high…