Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc. Watch the full video here.
Just got mine from ii and logged in here to see if there was news... "FRONTERA RESOURCES - Liquidation - New Corporate Action Notice Available"... Liquidation says game over to me!
Had the same conversation last night... It's an action (buy back) that could be taken to increase investor and market confidence, dramatically. Let's hear some noises about it! The board and specifically Segun hold a lot; it's very much in their interest to see the SP rise, etc. That much is clear. There is no doubt they want the SP to be stable and rising.
The volume in Toronto was 3x the average, it was a large (selling) volume day. If there weren't many trades, then it's likely it was one (or a small number of) large holder(s). Are institutions buying or trading this in any sort of volume? No. Large holders selling are not professional investors and likely need the money (or bored of waiting for returns) and this is exactly what the share price is at the mercy of. Which is exactly what has been written here for years. Saying it's just some amateur is to miss the point that this hasn't always been going on and will continue to go on. Unless this share is more widely distributed (or someone wants a big stake or buyout), we will never see fair value. This is an asset for the handful of people who own the majority of shares to be utilised/monetised/liquidated when needed. It's been written on here that we needed more institutional and retail interest many times before. It wasn't happening naturally so it was suggested the Company should spend some money on promotion. That was shouted down by others on here because it would definitely happen naturally. The share price is now a lot lower. We must be approaching halfway through the original Segilola mine life and we're now at my first buy-in price, from well before ground was broken, many years ago. No SP appreciation whatsoever for being a producing, profit-making, low debt mine, with potential for extension, additional gold leases for development, lithium... etc. Add in many years of inflation and I am well down. And that doesn't consider I have averaged up over the years, so I am very, very down. The prospects were improving, right? Why wouldn't you add? Having slept on it though; a market-settling RNS wouldn't help. There is no 'market' issue. Someone (probably one person) is selling... no one is interested in buying, as usual. Clearly very few people know about this or very few people are interested in this. What can be done to address that? Let's get definitive news on Segilola extension, the plans for Douta (sell it if it doesn't make sense and return the money to investors), more clarity on how the AISC will be reduced, plans for buy-backs, dividends (it's not 'only' been operating 2 yrs, it's profitably halfway through mine life), etc, etc. What is it, ~60% down from the recent high in ~8 months and the gold price is higher today than it was then? But nothing has changed. It's incredibly frustrating.
"My hope is for Thor to communicate regularly and honestly with the markets, cut the "encouraging" jam tomorrow crap and begin to realise shareholder value by demonstrating viable long-term production." - That's a good summary. The share performance is enormously disappointing and some have been calling for this for a long time. The question is, with the enormous currency devaluation in Nigeria, and with many of the shares owned regionally, are large shareholders liquidating irrespective of Company performance? Too many shares in too few hands, too ready to offload. The price has always been too 'influenced' by the odd person buying or selling. Investor Relations need to respond but if they're not; have you approached the NOMAD?
3 reposts and 5 likes says it all, across a whole trading day... Need more people following/interested in buying THX, to support the price, when we have the odd early/original holder (large volume) offloading. This happens a number of times a year. Need big holdings broken up into fewer shares, in many more hands and a more dynamic market. Woefully undervalued but need the Segilola extension update ASAP. We're almost halfway through original mine life now. Segun has massive skin in the game and is hurting far more than any of us, I'm sure. But I suspect everyone is hurting. There will be a mic drop moment but it would be nice to see more build-up to it (some quick wins ahead of the other mines operating, which will be a while).
Interesting drops this week coincided in the AI discovery of a lithium alternative (simplistically). But this is a gold miner now and for a good while to come. Gold price is good, let's also get after an AISC reduction.
Sorry - haven't been on the board, participating, recently! Still haven't sold a share...
MrsISA has the Cult one for Christmas... she chose it herself... no subliminal messaging was employed!
Just booked the Bellagio from tomorrow through Sunday, choice of 8 different styles of rooms, ~$1000 a night. Not too bad I thought! See you there!
unlike me to be negative but they have dropped hotel and ticket prices for the grand prix as attendance is looking to be far lower than expected and there have been lots of cancellations at restaurants and hotels as you basically can't see anything unless you get a trackside ticket. between all the construction work and f1 doing everything they can to obstruct the views (as they don't get revenue from the local businesses) it's ****ing locals off. however, i would agree that many companies will have organised their corporate tickets a good while ago (i don't think they had dates 3yrs ago) and will still attend. just checked myself on the booking sites and whilst still not 'cheap', it's dead easy to get a hotel. oh, and it is really cold there at the moment. to be honest; f1 have messed this one up. still it's a huge marketing opportunity for myprotein in the states as i am sure more americans will watch this one on tv.
Genuine question; is half the whole planet really watching/even just seeing any of the TdF? I mean, really really? I know you see these figures written down but it's surely not possible.
Disappointing to see Canada drop 7% last night and for the UK to follow, today. Gold price is down ~6% over the last 30 days, so whilst that needed to translate, the SP here is 30%+ down from the recent high of late July and is almost back to exactly where we were a year ago (based on the Toronto listing). So, no value attributable to the Lithium or Douta progress, by the looks of things. We really need to see some shareholder value creation. No dividends, no buybacks, directors taking up options, shorts increasing, profit/FCF diverted to Lithium, etc. We saw this SP (briefly) in 2017 and it's about the eyeball average SP over the last 3yrs. So, what's it going to take? I think I'd like to see partners brought in now for Douta and the Lithium, if not someone take a big stake in the company. Transaction volume is still negligible so I guess PIs have voted, in the main, by not jumping aboard. Looking for some bold, forward-looking strategy at the AGM.
The key thing people seem to be missing is GoCompare. This makes up approximately 1/3 of the FUTR business, and with insurance markets as a whole up between 15% and 40% YOY, travel and holidays back and the energy switch returning, I'd say there was a value gap here to close. YOY; GoCompare must have had significant growth. In addition; price comparison sites operating on a cost per acquisition model, for insurance, could be seen as recession-proof as you always need insurance. Due to another leg up.
Interesting 10min piece with the CEO, note that they will not dilute shareholders for the lithium mine, instead look for a partner/JV/other. Looks like they're going to build Douta, so I'd like a deep dive into the economics there. A large number of the shares are held by a limited number of people, so I think the BoD need to drive more eyeballs and investors to the share to get the market more efficient. Sounds like THX are being offered the first look on a lot of mining opportunities in Nigeria (and possibly West Africa), so I think the 'opportunity value' is being missed here, with them flying under the radar: https://www.youtube.com/watch?v=itAUMyQwvxs
Wow!
I just checked CEO.CA and posted there, before catching up here. Yes, I think you need to expect that some of the 'original' investors will have invested in a small gold exploration company over 5yrs ago, when the price was $0.1-0.2 and now the Thor strategy seems to be transitioning to more 'general' (because of Lithium) exploration AND production, it's only fair that they would review their position on the latest strategy. Results don't look bad to me either, but the early investors were expecting a dividend by now and if the profit and FCF is going into Lithium and funding new mines - suspect you're right and there is "caution".
The market is not liking the results. Need to have a good read tonight. Has anyone been over them at all?
It's a good start, posting highlights for anyone who browses the chat and doesn't read the RNSs:
- Significant intersections include:
- Drillhole NRC010: 11metres ("m") at 2.61% Li2O from 15m
- Drillhole NRC018: 9m at 2.42% Li2O from 35m
- Drillhole NRC006: 11m at 1.53% Li2O from 14m, including 9m at 1.70% Li2O from 15m
- Spodumene confirmed as the main lithium-bearing mineral together with minor lepidolite
- Mineralisation is exposed at surface and is shallow dipping
Absolutely - same to you! There was missing context, not easily noticed, if not read at the time. Takes more than a negative THG obsessive on the net calling me an "idiot", "fool", "nutter" and "perpetuating lies" to ruin a weekend. Even handed? We're not all here for the same reasons. I'm pleased that we're +120% YTD, 100s of % above the low, which was only 9 (?) months ago. Something is clearly very right at THG. My view is City AM will accelerate/expand the positive messaging, at a minimal cost to THG, perhaps providing a saving/better value than the current advertising for certain demographics. Is there any possibility it could severely damage the bottom line or even bankrupt THG? I don't see it. The THG Board are not idiots and won't sign off on vanity projects. Shorts down, margin up, incredibly strong performance YTD and carrying momentum. Look forward to results and the next chapter, especially for MyProtein, which is a powerhouse.
Unless you think I like replying to myself, especially on specific points no one appears to have mentioned, I think you'll find a good number of posts have now been deleted from this thread (obvious between 16:35 and 18:01). I'm all for free speech and some lively debate, so I didn't report them (wouldn't have said there was anything particularly wrong with them, myself, and quite enjoyed an evening spar. I've also never, ever filtered anyone)... Perhaps they weren't considered "even handed"? Who knows. But if you think there's something "up with" me, you have very much got the wrong end of the stick. Rock seems absent today but you pick up the baton over 24hrs later, are you ok? Anything to add about the positives/negatives of buying City AM? There you go, a legal question or two.
And I'll toast you with a beer if/when the MBO does come in... But, either way, I'm confident we'll be a lot richer in 12 months, one way or another.
According to Sean; because you're homeless. We have seen how far your business got them... Administration. They had your business but you can't see the value in it? You've jumped the shark now. How much did MM say they spent on marketing? £200M was it? But paying say £2M for this is ridiculous, right? Targeting the wrong people? You don't need to read it - you need to see it. It's an advertising tool, not the Bible. THG is +120% YTD and yet the management are always wrong and make bad investments...