Member Info for HarChris

Odd. They’re both larger than the total volume most days and the price didn’t move. Possibly large sells worked over a couple of days that match all the buying that’s been going on hence why we haven’t seen this break out even harder.

Gold close to beating the all time high in dollars it set in October… then on to $3000/oz?!

Yeah, Adw I have them down for $35m net profit in q4 but paying down the last of the debt and interest and taking a big chunk out of accounts payable to get to that working capital surplus means probably $18m ish added to net cash.

So conservatively can say $20m net cash but with chunky $30m+ gains, per quarter, going forward (minus any dividends).

You mean close?

Heights will be being paid in shares for that very reason, to ensure that the Dx sale concluding by April is enough for auditor sign off. Included in the going concern will be the funding options for Avacta in the future, be it partnerships or a raise on the nasdaq.

This line of attack is very weak... funding is an issue for further down the road and we'll have far more compelling data by then.

Be careful not to be misleading.

Truth is they are touch and go to reach profitability with current resources (personally think they’ll fall short) but as long as growth is maintained they will be well supported by AOP if any further cash injection is needed.

Certainly will see a good return if this upcoming trading rns shows further progress.

This sounds like a forward contract, agreed at higher than current graphite price but below market expectations for price later in 2025.

It means prices are too low currently for a company like Northern Graphite to operate but forecasts show a likely recovery later this year. So good and bad news.

I, like you, would just prefer the deal over the line now but if the ‘worst case’ is an extension with new and improved terms for ECR then I could certainly stomach that.

Because, I imagine, Chippas thought a bitcoin bull run would lift Argo alongside and hence it was all about getting to that point so they could do a mega raise and then move into HPC.

Trump got elected, bitcoin soared above $100K and Argo share price didn’t blink.

They needed that bitcoin move before they were forced to announce that the hosting agreement was terminated. In addition to that even with the increased crypto enthusiasm it appears there was no new hosting partner found or a buyer for the machines.

As I said in post before, one can guess that behind the scenes there’s absolutely no appetite to fund Argo anymore hence jumping before the ship goes down with him.

I think the management has covered themselves in glory in recent times.

They never overreacted to the initial allegations, never seemed too desperate to immediately rebut everything, they just went about business as usual as they have done since the start of operations.

Segun seems laser focused in taking THX to the next level, to a mid tier gold producer, and isn’t allowing for any distraction to derail that.

Also Q1 is much cleaner to guide than saying something like 'January but could fall into February'.

It's just our instinct/cynicism, or at least mine, to immediately think 'well March it is then' when guided Q1. So yeah be great to have the PFS out next week, I think it'll make a splash with its numbers.

That’s a good point.

When I corresponded with Segun in mid December he implied that it was already completed with just loose ends being tied up and that it was a choice not to release in Q4 because we had reached the ‘slow news’ Christmas period… so I was surprised when he then went and guided q1.

Like you say it could well be designed to catch the market out, guide Q1, everyone assumes March, then release it late January before the Mining Indaba.

It was so bleeding obvious.

Still, I regretted not jumping in on day one, there’s always a couple of days to get out before the placing.

Thinking about it Chippas’ departure could well be due to trying and failing to raise additional capital to put some HPC news out there - and without that additional cash they are all but lights out in the months ahead.

I expect voluntary administration at some point in 2025.

Https://www.lse.co.uk/rns/THX/mining-indaba-2025-conference-attendance-lzwgww38u5izv9c.html

Is it one of the RNS’ we’re patiently waiting for? No. Is it a sign they are going to go on a PR push to help attract new investment to reach fairer value? Yes.

Shan’t hurt this momentum.

Share price is at a one year high over on the TSX @ 0.36CAD

It’s probably just buying in on the undervaluation and strengthening gold price but any chance there’s a been a leak re federal government committee report?

Happy to see this build into news.

You’ve also been repeating that whilst the share price continues to steadily rise.

25% in a month isn’t bad, not everyone is sitting and waiting.

These shares have been issued to Heights, of that we can have no doubt.

Finding a buyer that takes these shares every three months and transfers the cash to Heights would be a big deal, they would rapidly become the largest shareholder in the company.

It’s not something you casually leave out of the RNS.

There really should have been a buyer found for these shares by now but I suppose one big positive to take from this is that Christina is not willing to risk any financial constraints interrupting/disrupting Avacta’s ability to prove what she believes is groundbreaking and transformational technology.

Each share payment hurts in the short term but extends the cash runway, alongside a Dx sale, to a stage in which efficacy can be very clearly demonstrated, later this year.

After such a long time to get here it does feel like we’re about to see progress turbocharged going forward.

TLDR - even gold producers based in Mali with all the hostility and mounting issues they are facing are trading at higher multiples than THX on every metric.