Member Info for Nigelbonger

Luckily i sold out of most my shared any lost 3/4s of my cash before the suspension. currently have not much left in value but what i paid for them is a fair whack. There is currently still a Poddar on the senior management team, i will not be putting any money into this. While its not in my best interest to do so, I would advise others against jumping in this from the recent presentation, previously they spent years trying to make these assets profitable and work, they never did, whether mismanagement or misleading investors about the quality. Be careful new investors.

Were we not expecting results and an update on Segilola? Now it seems the wording is just "targeting additional resource definition during 2026" does that mean there's nothing imminent, more resource is being evaluated outside the initial mine life extension target? im none the wiser because they haven't given much to go or an explanation.

Adding light to a incorrectly stated CV is not a kneejerk reaction, i was in both this company and that company, lucky realised the mismanagement and incorrect information from HUM and sold out at a c.3% loss. To follow it over a year and watch people lose all their money. They strung people along on incorrect financials, around the corner guidance, you know, the information the new appointment was and now is in charge of.

Highlighting this so people are aware that it wasn't a two mines into operation, all the investors ran to the bank laughing story is actual usable information, the fact it isnt the information you agree with doesnt make it any less credible... could it be different, circumstances out of his control, maybe. i guess we will see.

Safe hands steering this one guys, only the finance director of a gold miner that while in a gold bull market kept losing money and had to be sold for peanuts or go bust. it was not a success like the commentary portrays.

So i owned shares in the business may years ago. After the complete utter failure of the technology and commercial viability the company rightfully was basically priced for liquidation and I in turn, treated as zero worth in my portfolio. Luckily i invested a gamblers punt in covid and was fine losing it. Fast forward and this company is rebranding itself as a copper/ gold explorer and to synergise it other failed business unit with their exploration side. Just when, what, oh right gold and copper prices are flying.

Sounds like alot of blue sky ramping to draw attention to an already dead duck. could the company be worth 200% more, yeah maybe, most likely you will be suckered in and left holding the bag.

Sold all my in the money holdings bar 2k, which is underwater in my stocks and shares, mainly for opportunities with produces in production or coming imminently into production. GL all.

I mostly agree with everything you have said, Trump really has undermined the US globally and i think overplayed his hand on how dominant the dollar is. The Fiscal mess of the US and the worlds appetite to subsidise it has baffled me for years, and although Trump has inherited it from every other prior weak presidents in ability to grapple with this problem. He is making it worse and will probably again, take the record for biggest deficit growth in a single term

JPY i think is also a homegrown problem, large scale QE for many years and a supply side issue. They now have an economy that is struggling to produce, which is putting pressure on prices but the government has no room to grow spending and the CB has its hands tied with over a 200% debt to GDP ratio, they are suffering from classic fiscal dominance and its entirely of their own making for 40 years of completely dillusional and weak policy. Both from governments and the BOJ which has facilitated it.

I believe we are actually witnessing the beginnings of a sovereign bond crisis, most likely ignited by Japanese bond yields which are the second biggest annual issuer of bonds. US Treasuries with that sharp yield pressure and the global pivot away from dollar assets doesn't bode well for their curve.

Although given alot of banks hold government bonds as HQLA's and they aren't completely immune most are well regulated in liquidity and capital, they would suffer from prolonged stress rather than a sharp shock.

This whole back drop is good for gold, however, alot of people are going to suffer.

I have to chuckle but i sold out of some energy exposure to buy some more Gold miners today, Thor being a biggish top up to my already large holding. In typical style i topped up when gold was $4350 a couple hours before golds biggest one day slide since 2013, my timing is impeccable.

After saying i will wait and hold for more to come out on this one i went against my previous judgement and topped up, we are very much in the end game here. If what management says comes to pass by year end I will be making a lot of money, until then good luck all.

H&P issued a note with a year end price target of 82p. Given how much gold has gone up in the past week if it remains this elevated or goes higher. It should easily make it there, i do note they assume $3200 gold on their forecast assumptions both in 2025 and 2026 YE. so realistically the target should be much higher, i believe this is still just the start of golds rally IMO.

I remember first investing in this share, April 2024. I put alot of money in it, in honesty way more than i was comfortable losing (leveraging up even), certain it was massively undervalued. After alot of self doubt, stress and at times panic, it started to pay off. fast forward to now and I am now looking at this company still undervalued with a 500% gain wondering when is the right time to derisk a little. given my entire portoflio driven by huge gains are basically 3 stocks, including THX

I blew my top and let emotions get the best of me a while back when I was expecting production sooner and after being stun by the surprised placing last time, I said id be waiting for this to recover and then I am out. Luckily it never retraced to what i was looking for and I am still in this.

I have been holding this quietly and been very active on reading through the developments the past 3 months, there has been a lot of positive ones. With this placing i see it very differently. A company raising capital to expand and acquire new assets, and to acquire these assets lower than their NPV is actually beneficial. This is alot different than to raise capital to manage operational costs like last time, although i see now driving up and raising on a highly elevated share price was alot better for us shareholders than raising at a much lower one.

There's a lot of risks still, naturally, but at $3900 gold with just BM there's huge cashflows to be made, they get this right and with the now 60tph washplant acquired it looks increasingly likely. now for me to fade into the background until more solid operational news comes forth.

Its now 55p, id say its a good trade

Looks like the call of it being overbought and a pull back which is why some shares have been taken off the table for now was right, a couple of days ago given the news etc i started to think it was the wrong call. Well done, good call. I unfortunately didnt sell anything.

Thank you very insightful, speaking about gold price and the headwinds/ tailwinds is obviously blabla when invesstin in a gold producer. The only reason i am in gold miners is because i believe gold is going higher. FYI i believed gold would go alot higher than the $1800 at the time 2 years ago when i put my entire portfolio into gold producers including THX, blabla gold price who cares right.

I see Gold going alot higher, with the erosion of FED independence moving into 2026, the impending rate cut panic on continuous job and economic data. Then the very real risk of inflation or a recession on the horizon, given the warning signs and the bubbles in assets everywhere and the under positioning compared to historic average, Gold has a long way too run. Just on FED independence a few top US banks are forecasting gold could run to 5k and Trump seems set on bullying his rate cuts through.

Apologies, must be too complicated for me to understand. Can you give me a clear indication on why production have continually underperformed each month at the mine, the company hasn't explained. Would need to know why output has gone from the 500s, down to 200s, and now just over in the low 300's. Mining is complicated, and well functioning producers give clear guidance on underperformance and update markets on new guidance as soon as the deviate, this wasnt done so pardon my scepticism.

The company was specifically vague about the length of time for the pour, they would be specifying the half month of production if it was such... I have been invested since December/January and have seen the company continue to miss or outright mislead on targets and goals, i do not understand the blind faith, and positive attribution to unclear statements. Luckily i only have a small holding and mostly in my pension, which i wont be receiving anytime soon so i am happy to wait this out.

But the unwarranted optimism for this share is baffling to me, lets be clear, it was a very risky punt in January. Its now way past that on risk with continous poor performance and track record to match.

Now expected to maintain the production profile for the remainder of 2025. How could they be so wrong with their start of year guidance, just awful.