Member Info for loudspeaker

Don't know if they are all sells, you could buy large amounts at 55.75 early afternoon.

Obfuscation is what MM,s do best.

Https://x.com/i/status/2058947902043513229

Nothing that we didn't ready know today, a bit disappointed that the Segilola mine life extension is still somewhat of an unknown

Think that we'll drift down a bit until this very important news is released.

Apparently this is Iran's response to Trump's demands, but who really knows WTF is going on.

BREAKING: Iran has officially rejected the US' peace proposal and sets five conditions for an end to the war.

Iran's conditions include:

1. Immediate end to attacks and assassinations on Iran

2. Establishment of "concrete guarantees" against future US attacks

3. "Clear determination and guaranteed payment" for war damages

4. International recognition of Iran's "authority" over Strait of Hormuz

5. An end to the war across all fronts, including for all Iranian proxies in the region

We now await a response from the US.

Stop got took out yesterday at 73p, but it's dropped so much since it's given me more leeway trying to time catching the wave back up when all the metrics inplay that have caused this drop settle.

@pickedpeck thank you for your analysis ,but I've been trading the stock markets now for over 40 years and you will never convince me that when you are long, the SP dropping is a good thing,

Good luck with your investments.

The problem with all shares on the AIM ,with low volume and when most of the metrics are already know ( production rates AISC, etc ) with no news on different fronts the MMs default position is down.

Douta PFS by the armchair trader.

https://www.thearmchairtrader.com/uk-shares/thor-explorations-bullish-on-douta-gold-project/

POG volatility atm is having such an impact on gold miners it's a traders dream.

Lots of money to be made if you have a large trading pot , DMA, a good broker and nuts you move around in a wheelbarrow,fill your boots.

If you're confident where the POG is heading year end and want as least stress as possible, just switch off and let it all,play out.

​Gold has shown incredible strength so far this quarter, holding above $4,500/oz for 30 days and above $5,000/oz for 16 days. For context, our average selling price in Q4 2025 was $4,189.

​If the price of gold consolidates at these levels, we are looking at another record-breaking profit this quarter. This is driven by:

​Projected production of arond 20,000 oz.

​The planned sale of our 3,189 oz bullion reserve.

Is Douta a good project?

The "Good": Why it looks strong

​Rapid Payback: A payback period of less than a year (11 months) is exceptional for a project of this scale. It significantly de-risks the capital recovery for investors.

​High Returns (IRR): A 61% post-tax IRR is well above the industry "good" benchmark of 20-25%, suggesting the project can withstand significant cost inflation or gold price drops and still remain profitable.

​Manageable Capex: At $254 million, the project is relatively "bite-sized" for a company of Thor's size, especially given their year-end 2025 cash balance of $137 million and their intention to self-fund a large portion from Segilola’s cash flows.

​Resource Growth: The Indicated Resource grew by 94% to 1.7 million ounces. This provides a much more solid foundation for the 1.2 million ounce maiden reserve.

​The "Caution": Areas to watch

​High AISC: The Life-of-Mine (LOM) All-In Sustaining Cost is roughly $1,890/oz. While this offers great margins at current gold prices (over $4,000/oz), it is higher than the global average and higher than Thor’s Segilola mine ($1,000–$1,200/oz).

​Processing Complexity: The second phase requires a suspension roaster to treat primary (sulfide) ore. Roasting adds operational complexity compared to simple CIL (Carbon-in-Leach) plants.

​Political/Fiscal Negotiations: The post-tax numbers currently exclude potential "fiscal incentives" from the Senegalese government. The final value will depend on the Mining Convention currently being negotiated.

Verdict: Is it a good project?

​Yes. On paper, Douta looks like a "tier-one" mid-tier asset.

​For the Company: It transforms Thor from a single-asset producer in Nigeria to a multi-asset, multi-jurisdictional miner.

​For the Investor: The project is highly leveraged to the gold price. If gold stays above $3,500/oz, Douta is a "cash cow." Even if gold prices corrected significantly, the high IRR provides a massive safety buffer.

As I said on Saturday, the Segilola lom extension is the real SP kicker here, because without it THX soon becomes a 1 mine company again.

A close look at the Senegal mining charter suggests the fiscal terms are significantly less favorable than Nigeria's. Key differences include a mandatory 10% government free carry, rights for the state to purchase additional shares ( up to 25%), a 30% corporation tax, and various other royalties.

The prolonged delay in the Pre-Feasibility Study for the Senegal project has understandably fueled speculation and doubt. Segun has also acknowledged that this project is not a direct comparison to Segilola; it involves a much larger, multi-million ounce resource but presents different metallurgical challenges that require distinct processing methods and lower comparative grades.

However, the timing of the PFS release appears strategic. Releasing it on Monday, during a period of record-high gold prices ,should help ensure the project's economics present as highly profitable.

In my view, significant de-risking of THX will only occur closer to the actual mine construction phase, as is typical in the mining industry where unforeseen issues can arise. I agree with the linked content that the real share price catalyst will be the Segilola extension RNS within the next two months, which should address investor concerns following the recent lowering of 2026 production guidance.

The coordinated timing of the PFS release with the ex-dividend date and the investor meeting on Tuesday feels highly orchestrated. The market is now keenly waiting to see how Segun plays his hand.

$1.63 Canadian on TVX.

THX is producing gold atm at record margins and paying dividends, but imo the market seems to be favouring non or small producing jam tomorrow small cap goldies ,why i don't know,when they get into full production POG could have callasped 30%.

On AIM cash is king, something new investors to the casino haven't learned yet.

Hopefully a large multi million MRE at Douta PFS unveiling next week gives us a bit bit more interest.

THX has a proven track record of transitioning from explorer to producer in Nigeria and using the same experienced team in Douta Senegal should be a walk in park.with the finance and expertise in place.

We are still significantly undervalued with a possibility of 3 mines producing before 2030.

Has reduced from 0.08% to 0.01%.

Agree somewhat with that post Major, but in the previous 18 months the POG has dramatically de-risked gold miners with PEA's on mines based around $2000 per oz.atm it's a licence to print money.

Just take the middle production guidance and middle AiSC cost's which is 90k oz production and $900 AISC .

Which gives an operating profit of $279 million,with no tax until just yet THX is throwing off insane number's, an absolute cash cow.

A good LOM extension at Segilola will send the SP much higher. and that is just one of many catalyists due before year end.

People really need to do some in depth research on Slippery Nick's role as ceo over the last 5 years especially when vision blue and Mick Davis came on board, the SP spiked to 40p resulting in NB selling £6 min of shares to pay for his divorce settlement

The jam tomorrow was off the scale as Fev was $120 per kg at the time.

Imo this man could seriously cost you your wealth..I am not invested here or have any agenda, but having been invested in a vanadium play for a very long time ( which eventually failed) I am well versed in the primary vanadium sector.

Please do your own research and make your investment decisions with it and not the hype that you read on bulletin boards.

Good luck with your investments.

Sorry this post was ment for another board