Member Info for HarChris

The one year high for THX is 24p, which came on the 25th July with the gold price sub $2000/oz.

Even when POG went to $1800/oz in Oct 2023 THX continued to trade around 15p.

You would think with gold at $2390/oz and share price still below 15p that there's been some bad news compounded on other bad news, like with a company such as HUM, but no, nothing. Steady progress and now three quarters each expecting to see sales of 25k ounces at an all time high gold price.

It's as if there's been bad news on Segilola MLE and the Douta PFS (it's merely been pushed back a few months) but there hasn't been any, it's just low liquidity and disinteresting offering up a complete disconnected valuation. Buying and patience will pay here.

I don’t disagree but from 12p we’re talking max upside probably 70 ish percent, max (and much more likely) downside 100%.

I'm really unconvinced Argo would follow a big bitcoin move now, after all BTC smashed through all time highs in mid March pre halving and the SP barely touched 14p.

Unless Chippas calls those Q1 direct costs are a one off and explains convincingly then Argo is a write off besides a M A S S I V E btc move like $150k+

It's not just the splashing on YG acquisition, it's the effort they've gone to reshuffle the board, install a new CEO, get the LTIP sorted before the outcome etc etc that all points to them being very confident of a decent outcome for us. Doesn't mean it will be but it does at least suggest they do truly believe their repeated 'strong grounds to defend the claim and assert its contractual right'

I imagine we've all been on tenterhooks waiting to hear what the new bullish info the AI algorithm uncovered but the little tease still hasn't shared.

This rns was anticipated hence the rise from the recent bottom of ~5.5p but it's obviously positive and not neutral news today - anyone who says otherwise is being ridiculous.

11.26* placing price, sorry.

Well 11.2625 to be precise.

From April 25th rns - 'With the ongoing roll-out of the operational ramp up at Kouroussa, guidance will be updated once the operation nears commercial production.'

No target guidance Tony because they aren't nearing commercial production. Good news this but certainly damaged the near term investment case. Since 11.62p placing you've had fire at the fuel depot (not their fault but material) and Kouroussa operations suspended and on the upside POG soaring from $2050 to $2380 today.

A fair sp for now is probably around 11p given the slightly reduced risk following this update.

there's certainly been the odd ****** comment which is always horrible to see but the vast, vast majority have attacked shishir for his incompetence not the colour of his skin, thnakfully.

as for puruvi i'm not sure if i've seen any sexism, just nepotism.

'I am not a lab rat..but the process seems very complex and there is wonder that the dhsc didnt want to use it'

How easy to use isn't really the point ten or eleven weeks into a fourteen week contract. It wasn't as if they pulled the plug immediately and said these obviously aren't fit for purpose, they used ten of thousands of these tests before they decided they didn't want to pay and, it would seem, got their opportunity through the laboratory failure rates or at least they thought.

My takeaways are largely the same as yours though CS (as they often are!). Logic says the contract was fulfilled in good faith with every effort made to support the nhs by the company and that Novacyt shouldn't be bankrupted from this and with it hundreds of lab scientists etc put out of work but it will come down to the interpretation of very technical legalese by the judge.

'Trading update pse."

Full year audited results (with post period highlights) will be released before the end of May, so within two weeks.

"I suspect there has to be other reasons which haven't as of yet been released or made available in the public domain. time will tell"

______________________

Far from it... what we were reading today was the summary judgement applied for by the DHSC, what they think was their strongest argument. I think that's the best they have.

KilkennyTed/Poidster is that exsig test identical? And if not how different to the 'Version 1 exsig IFU' that was sold as part of the second DHSC contract?

If it's the same that then got approved 15 months later by the CTDA that's case closed, slam dunk, surely?

Have you read the summary judgement rejection below? What are your thoughts? It's very different when totally stripped from context and couched entirely in legalese to conclude anything other than it's a bit of a coin flip but a full trial will bring far more evidence to light.

http://www.bailii.org/ew/cases/EWHC/TCC/2024/1071.html

Thanks, tough read that. Will have to go through it a second time to properly understand it i think!

That’s genuinely a major relief. I try to be polite and answer everyone and as a rule don’t filter so having a nonstop back and forth like this would be pointless.

If you think paying down debt is a better situation than not having debt to begin with and having all cash directed towards expansion then you really are a bit hopeless.

Deleveraging is good, not having to deleverage in the first place because you aren’t heavily geared is better.

There’s hardly any info in the public domain re Glecore’s Rhovan vanadium operations but I think a lot of it goes to Europe.

A common mistake but TGR isn’t on AIM.

And that's no dig, i'm just highlighting that each of these miners come with risk. You choose yours and I choose mine (THX and SRB for me with HUM on my watchlist).

I consider HUM much riskier at current valuations due to the short term uncertainty and debt but that's simply a personal subjective opinion.

And you are wrong in what you are thinking. Only modest sums are going towards Coringa at the moment and that will mean probably 110k oz production over 2025/2026 (50 + 60), irrespective of the full licence being awarded.

Now it will be well before then that a decision is made so only larger capex will be spent if there's definitely going to be a return to be had.

Yes there are some uncertainties but as just pointed out, you're invested in a miner that's currently barely operating in its flagship mine so you're obviously no stranger to risky investing.