Member Info for LuckyLuciano

IMV this looks more a decent precious metal correction....the rise of recent has been surreal.

Hence it would be wise to look at technicals, in stead of listen to Youtube prophets...

Never than less, anyone is free to look or believe what one likes...

My best guess on Silver is the Fib. levels as from the graph.

Implications are that it may pause at today price to reverse, but a close look needed if it then won't retrace back down

to look for the 38.2% support or lower.

What worries me is that there isn't any maningfull historical support or past price action at this hights...

Unless we go back to 2011 where it touch just about this hights then resistance now maybe support.

In short, for a re-entry I wouldn't be in any hurry....

https://tvc-screenshots.investing.com/tvc_c2ac9e3cb091f419b9921f0994043ac0.png

Batterseafish and Robdog67

thank you for replying and info. I was aware of most of those information and indeed

they are reflected in the sp retarcing.

Have to say I disagree with Rob on the notion that SA is riskier than Nigeria

my view is that possibly SA miners command a slightly higher PE than Nigeria

if anything because it has a much more mining developed industry.

They are both "kind of" westernised democracies and much safer compared to many other African Nations.

I have done my homework on Theta G. note that its Resources comprise 1.6 Moz in the Measured and Indicated

some of which at high grade and open pit.

Another reasoning behind my decision to invest is a simple valuation of total resources/market cap.

Some of the lowest exploration company out there are valued at $50xOZ or some A$75XOZ

With 6Moz resources Theta should have minimum a market cap of A$ 450 M. I am talking about comparison with exploration

companies which some of them have to build power connections and road plus still obtain permitting and DFS before

reach the mine build redlines of Theta G.

I suppose one can see the risk that Theta carries from different angles, I see recent retrace as an opportunity not to miss

for a 2 years investment that could produce many multiples returns.

Right now is only (gold price allowing..) a matter of technicals, to see where is the support. They have quite a lot of cash to start building the mine

and once the news will come in the excitement will behind Theta will start again, with old shareholder unhappy with the management out of the way.

The potential is there and is great, but sure the execution will be important, management is on a watch list but fundamental valuation is compelling.

There is always a risk when investing, hopefully with Theta the downside risk has much reduced after recent retrace. Whish me good luck.

Sorry if not about Thx, I am invested in here and have some also on the Toronto exc...

As I am always searching for good gold miners opp, I wonder what you think of

Theta Gold Mines, AUX.

6Moz reserves have risen almost all the Cp. to start built mine in SA, for some 100Koz per year

12 LOM. After recent capital rise, Ozzy investors didn't like it and sp retrced from 0.28 to 0.18..crazy.

With a MC of just £85 Million and production starting in a years or so, IMO is a no brainer...

Any opinion?

GoldGeezer mate

is either sense of humor, analfabetism, or worst both.

But I still don't get what share of Bme, Oriole will or for that matter do have.

Possibly 50%, maybe now 90% going down to 10% once BCM have earned their rights?

Vive la fica.

Hi, if BCM is earning up to 50% of Mbe, how can be possible for Oriole to finally get 90%? Please can someone rephase the below?

==============

BCM is earning up to a 50% interest in Mbe in return for a US$1 million signature payment, US$4 million exploration expenditure and resource-linked success-based payments. As of October 2024, Oriole has agreed to purchase it’s local partners’ (BEIG3 SARL and Roxanne Minerals Limited) combined 10% equity position in the Mbe project. Once this has been finalised, it will increase Oriole’s beneficial interest in the Mbe project to 90% with BCM International holding the remaining 10%.

Have to say,

Sharebel, is enjoying a moment of glory buy keeping replying to its posting.

Well at least, this is turning in to an English lesson.

On future capital rise, was it not planned before this deal?

Not to say that it won't happen, just asking.....

Jammin999

are you calling me impostor ?

4000.05

Mate before posting, make sure you use punctuation and you grammar makes sense.

Maybe this is why, you don't understand the deal IRON as just made.

IRON is getting £21millions for ramping up the operation, and also is able to get involved a local

management in Daemaneng, which could open future channels and sale agreements.

OFCOURSE is not £21 millions profit, but is still £21 millions that IRON doesn't need to find

by issuing debts or share......

The value creation of this fresh capital, in fact, could be even more that £21 millions.

Now that the financial burdens have been lifted, news flow on sale contracts and accelerating development,

will be more material to the survival and value of IRON.

In other words if IRON needed to find £21 millions its sp today would be around 0.02, but more importantly,

nobody would have lended £21 millions to a company worth £7 million as yesterday price.

On the retreat after reaching $4000.

I have sold few days ago missing the last rise and awaiting a re-entry at same or lower price.

POG first support at $3950ish, and then $3900ish.

Great explanation Isa. From my inexperienced view of the geological 3D model of Segilola deposit, it does imply 400k left underground or roughly 5 more years of production, on top of current reserves. I am wondering though, what will be of Segilola infrastrucures, when it cease to produce. Could it be used for Ivory Coast?

Yes Thor sould close above 0.70 tomorrow, new day and intraday high close in Canada.

Sure good points but conversely they could be positives for Thox.

1) it's Nigeria, an unproven mining jurisdiction in West Africa

Yes but in the oil sectors, it has been a quite reliable Country to operate, it is a Democracy and a wealthy Nation

which Officials doesn't need to resort to expropriation of foreign wealth, to satisfy their greed.

2) lots of earnings but also short _official_ minelife

Compared to ME Thor as possibly more than 3 years left in ML, but sure in itself is not much.

Possibly updated reserves will be a game charger in sp, I am expecting minimum another 2 years

and consequently more time to extend further....

Indeed, a combination of the potential for a much longer mine life and the misunderstanding by

investors, that Nigeria is much safer, compared to many other African Countries, imv

is what is keeping the sp lower.....very odd.

Just recently the Nigeria central government, proved that mining in Nigeria is quite safe, with the Osub State dispute.

Moreover, Thor been the only gold miner in Nigeria, IMV is having a preferential treatment regarding licenses award and permitting

for obvious reasons. Again, very intangible facts to price in....and possibly lots of inferences and not facts from me, time will tell.

With POG averaging $3187.

Gold now at some $3800/oz, forward 12 mother profit for 85k/OZ production:

$ 258 millions, PE 2.3. How can Thor be valued at such a low PE, when it as no debt

gold price is every rising, drill results and reserve increase is imminent, PFS from Senegal

and a new mine project is a dead certainty.

In comparison, Metal Exploration, more or less for the same metric is valued at Pe 6.5

and frankly, imo the operational risks are much higher at ME than for Thor...

Crazyyyyy

VikR great explanation, to what is next to come from drill results.

I would point out two things, " Yarrol is an absolute winner" as it stands. IMO for a £7.5 million mc Mila assets are quite undervalued,

compared to the like of other explorers and to the ever rising POG.

But of course, we are all investing for the expectations of positive news flows and any post hinting to that outcome,

can easily be misleading. In the end this is the subjective skill of any investor, to take the risk and be able to fantom

possible positive news flows.

My investment in Mila though, is because of the potentially transformational positive news flows, coming out of current drilling at Yarrol.

Is confirming grades at the gold deposit extension licenses, Mt Steadman and Monal, which will imply many kilometer of gold bearing asset,

with actually great grades/t.

In short, investing carry always a risk but for me Mila, presents a very positive risk reward ratio, on the short terms news flows

and on the mid/long terms value added operations.

Keep up the good work ISA-Investor.

One thing to be expected and will be only right, is for AISC to increase along POG, or at least that's my hope.

Is only right, that the good work of all the people working at Thor Exp. is rewarded along as us investors, profiting from it.

On the price of gold, the sky it the limit. ATM every small retracing is bought up, and with producers one gets less sp volatility.

Paradoxically, a hindrance to gold price rise, would be stronger GDP coming from the world biggest economies, resulting in more disposable income

for people. Can't see that happening, because one excludes the other.

There must be lots of drilling going on at Thor right now and lost of cash generated for future projects,

including Ivory Coast licenses which at a glance shows even better grades than Senegal.

But that is for another day, for now lest just count the cash and relax.

Indeed Mila rise of recent is just out of gold price rising,

many other similar exploration companies are doing the same.

Just wait for some drill desults essay news and the share price will explode upward.

The share graph chart gives shows increase volumes and sp rising, which obviously is positive .

Potentially on drill result news, we are going to get a gap higher with a FOMO the following days...

Is amazing how the market all around is awakening to gold; these days sentiments seems to be that

almost any macro or financial news is affecting POG, and with very good reasons.

Interesting tread and research led analyses, shame that now most of the focus of investors,

is diverged on one individual and not on the tiny market cap of Mila, compared to most other

gold ex. companies.

Mila has just gone past the psychological 1p sp.

Given the tiny market cap, the momentum of incoming drill essays and the low valuation,

compared to for example Wishbone Gold, the 1p sp imo, was the main circumstantial factor

for such a low market price valuation.

If we repeat the Wishbone Gold price action, expect indeed the unimaginable....

As someone as already mentioned, Mila £7 millions and Wishbone £50 millions,

then go and compare what the 2 companies have already achieved.

Without any previous essay, gold grades and previous drilling, imo

Wishbone is a massive risk, whereas Mila in comparison is almost 100% sure,

to come out with very good drill results and grades, with the very important bonus

of extending the gold mineralization by many Kilometers.

The market some time is misaligned with realities in pricing the value of a share

but sooner or later real companies valuation reflects the sp.

If Mila and Wishbone will meet in the middle on valuation, Mila will be at 4p circa I suspect very soon,

whereas Wishbone could be half current sp.......

Its not a sp valuation is just a reasoning on how the market some time

is completely missing opportunities to chase "dreams" and price in expectations based on words and

not facts.

Please dickie3times, no need to apologise, just pointing out that market cap valuation

in not based on full market price of gold.

Nice day today, +20 on decent volumes, market is awaking at the potential of

positive drill results for Mila.