Member Info for HarChris

Or perhaps we have to simply accept that we go at the pace of AA and that they only commenced drilling in Zambia last month?

It’s been a long, long frustrating wait but this point forward company transforming news could land at any point, with Bots simply a bonus.

To sell off yesterday because of a lack of detail relating to Botswana shows how irrational this market is right now.

Play the ball not the man - his reasoning is ill thought through and gives those researched an open goal to repeat the investment case here.

Wait for this to break through resistance at ~19.5p and it'll fly.

Music to every long term holders ears!

As for Douta the total probable reserve is already more than three times larger than Segilola and chances are we'll see it above 2m ounces at the time of PFS completion in the coming months - just look at how much cash Segilola is bringing in and that'll give you a taste of what Douta (at 4 times the ounces) will do for THX.

Take a look at this: https://thorexpl.com/projects/segiliola-gold-project/

Current gold price is smashing the four scenarios (downside, base, upside, high) and initially Segilola got financing sign off with a base case of just $1300/oz gold. Yes AISC was a bit lower but we're still looking at sub $1000/oz for this year.

NPV for the project is multiplying now.

As is shown also in the above link 517k ounces make up the original mine life and as of June 30th ~220k ounces have been produced so that means there's almost 300k ounces still to be produced before we talk mine extension + satellite deposits. So there's hundreds of millions of dollars of cash to be generated at an absolute minimum (and realistically we will see an additional 150k ounces minimum).

Douta is going to be funded without having to issue a single share and who knows what else might be acquired as the cash piles up... perhaps THX look to put some cash towards buying other assets that are shovel ready?

Take your $108m base scenario for 2025 and then add what we’re about to see for H2 this year - likely close to 50k ounces sold at a margin greater than $1200/oz. That’s another $60m giving a total net profit over the eighteen months ending 2025 above today’s market cap.

Absolutely zero value added for the rest of LOM, nothing for additional 1-5 years extension at Segilola, nothing for Douta that could begin being developed as early as late 2025.

All against record high gold price with expectations of more to come.

"I believe that we’re coming into a real #gold bull market, and it wouldn’t surprise me at all if a portfolio comprised only of the very, very best gold stocks appreciates by 300 or even 400% over the next 5 or 6 years"

Supposedly a quote from Rick Rule a few days ago - what do you think will happen to the small caps like THX that haven't seen the initial 50%-100% gains to start with? Double the above?

'What makes you think I did not sell when I made 10% profit?'

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You made a big song and dance about being in and also said 'i'll let you know' as to when you're out... so if you sold for a 10% profit and said nothing it's because you were planning to claim you had made more if it had gone up further.

You're either sitting on a sizeable loss or you aren't the transparent trader you're trying to pretend you are.

Didn’t Wyn buy in at 60p last week for a trade?

Not a dig, just pointing out that for all the constant rhetoric about price being everything even those that focus all their energy on timing entries and exit get it wildly wrong.

They have a far bigger problem and that’s the depreciation of their mining equipment - Argo will need to replace it all over the coming years just to continue mining as they are now.

Even a £3m valuation would be generous at this stage let alone £55m mcap.

The all important cash figure - £2.4m / $3.2m - should give us all comfort, especially as the next milestone payment of $0.66m ($1m to Unico) is due in a few months.

Healthy cash position.

And yeah tax holiday will end after 2026 so profit from Nigeria will fall slightly but I mean god will they be making hay in the meantime.

I pointed out previously that net income in H2 should come in at just under half that of CEY - a company valued by their interested acquirer at 15.3 times THX.

I *think* 400k includes the additional ounces already confirmed via satellite deposits and Segun has mentioned 2027 I think even before further discoveries, so Segilola has a lot more to give as a minimum.

$10m net profit per month on average through H2 (slightly weighted towards Q4) transforms THX, even if POG were to fall back after that.

There is still more than enough time for operations to get back on track amid such a positive gold environment - problem is it's unlikely investors will continue to keep the faith so it'll be a case of believe it when we see it now.

Expect share price weakness until the all important 'commercial production reached at Kou' RNS lands.

From a few months ago:

'Statement from Dan Betts, CEO and Interim Chairman

I look forward to welcoming shareholders to our AGM today and reflecting on the progress we have made over the past 12 months, as well as outlining the future direction of the Company. Despite the unexpected challenges at Kouroussa, including the fire at the national fuel depot in Conakry and the temporary suspension of operations by Corica, operations have fully resumed, and we anticipate reaching commercial production at Kouroussa in Q3-2024. With this progress, the Company is well-positioned for significant growth, solidifying our status as a multi-asset, multi-jurisdictional gold producer.'

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So that's not happening.

Divis aren’t necessary unless management are needing something to wake the market up with - I’m sure it won’t be the case but if the sp was still 19p Segun could easily return 3p to shareholders through a one off divi and still be sat on a far healthier balance sheet than at any previous time in the company’s history.

Huge cash generation expands the toolkit management now have to intervene in share price action going forward.

Interesting in a bad way? 20% down would suggest so

Well as things stand THX should be making around $60m net profit through H2, a totally transformative figure especially as only a fraction of that is needed to pay down the rest of the senior debt facility - so there's really no reason why Segun wouldn't put a bit of that aside and institute a dividend policy.

Some will choose to sell with the share price at a very strong resistance having made a good whack of profit - facts remain that THX is well undervalued so a matter of time before the next move north (all being well on the operations front).

And there’s been no dilution since. Let that sink in.

THX is valued slightly less than it was in June 2021 when it listed on the AIM market. Thx was pre revenue, a large debt position and POG was $1800/oz - it is now debt free and generating $30m net profit per QUARTER as of today.