Member Info for Nigelbonger

This appears to be a good update, yet this has dropped alot more than other junior miners. So the market didn't like this? or its simply just being battered more than the rest of the market. anyone have a take on this?

What are peoples preferences, as i am quite torn. Logically i prefer buybacks due to most companies i buy like this being significantly undervalued, with the reduction of shares safeguarding future dividend pay outs with less shares in circulation. This is also a way for the company to retain capital in its ability to raise equity if it needs to cheaply. However the downside costs is usually the share price isn't effected equally as the buy back and as a shareholder you actually see less of a return. Which is were dividends are better. Certainly THX is kicking off enough for both, but in my mind initially i would prefer strong buybacks with a weaker but growing divi.

Still holding a big chunk mind you*

Sold another gold miner share a few days ago to buy more of this... MTL if you are wondeering, still on a big chunk though mind you. Its now getting to such a disconnect that im evaluating all the other majorly undervalued junior gold miners to sell so i can buy more of this.

Thanks tamer, what my own risk profile, investment choice and decision making comes down to is actually nothing to do with you. If you want people to think and invest the same as you, join a cult. I shouldnt have to dig that out for you...

Clearly says "1st GOLD PRODUCTION" in the chart and the post is "initial production" at BM for Q4 2025 to Q1 2026. I.e could be 2026. I shouldn't have to dig this out for you.

post on X below from ECR timelines today.

https://x.com/ecrminerals/status/1907327298858049963

Well this fully settles it, no Q2 production as continually stated. more drilling, higher costs and higher cash burn and production slated into 2026.... which they havent said they are fully funded for yet, just 2025. Well IF i get 0.33p ill be selling out of all my SIPP and ISA shares, GL all. what a let down of a share. very much didnt want to believe the counter arguments on this board but it is very much still Jam tomorrow

The RNS commentary below is worrying me abit, Previously it has been stated that Blue mountain will begin producing in Q2 i thought, unless im wrong? And now the wording is later in the year and we will continue to investigate the potential to bring Blue mountain into production... Either this is poorly worded and just vague or now they believe production will be much later in the year is how i am reading into this...

"but it is perhaps Blue Mountain, where we have the opportunity to commence production later in the year, that provides the nearest revenue opportunity.

Finally, my thanks to our shareholders for supporting us. There is considerable cause for optimism as we enter 2025. We will continue to investigate the potential to bring Blue Mountain into production, whilst also advancing our other assets. Alongside that our policy of keeping a tight rein on costs is unchanged. I look forward to reporting back to you with further progress."

Sold half my ISA holding, still have a solid amount and a large SIPP quantity. bought up aload more THX, i think MTL have a solid future and its a massive opportunity but seeing THX with higher gold prod and lower AISC with there pipeline of updates in the near term it looks like something i can game and rerotate out back into this at a later date. I could be wrong, why is why i still hold this share. its crazy undervalued

Are you talking futures? XAU is trading $2085/oz? high of the day of $2087 so far.

Im only touching this one in my SIPP as a small holding (i can afford to do that as im young). But there is a lot safer opportunities in the gold mining sector to be overweight in. Alot of risk and im hoping it pays off. I believe the next 3 months will be very telling on what way my bet goes. GL all.

Physical gold ETFs*

Gold could very well hit $3100/oz during this month. With PCE coming in today and some Fed commentary lets see if that moves the needle, the market is still very much asleep at the wheel when it comes to Gold and Gold miners. Physical gold is starting to see inflows coming in (has a long way to go still) but Gold miners are ticking around forward earning lows. I have never seen such a opportunity.

Thanks HarChris and all the relevant posters for the informative posts, please keep them up. Anyone who has genuine and informative insights into risks we aren't aware of are also very welcome to post things.

Do we have timelines on when we expect updates on this target 20kms from Runruno? would be an excellent result to understand if this is a good stop gap when LOM runs out, would significantly derisk any potential delays in the La India project.

As i stated yesterday, i also topped up this morning.

Seingred, agreed, its nice to have a healthy disagreement. I agree tech stocks in the dotcom bubble did do very well once the dust settled, BTC is definitely more likely to be around if anything economically systemic happened, agreed. rightly or wrongly im trying to invest cyclically. So my entire exposure right now is hard assets, such as precious metals and energy. with a longer term view to rotate back into tech, financials, uranium and copper producers if valuations look better. I am more of a spectator like you say, so one of the hardest decisions is deciding when to sell and change tac.

Bonus being paid into my account tomorrow, any guess where a large chunk will be going? hopefully no news until monday ;)

Seingrid thanks for your reply. My whole entire comment was people falling foul to past performance, every single investment vehicle highlights past performance doesn't guarantee future returns, I have no dispute on BTC returns in the past and its pretty obvious that's not what im talking about.

I can agree Bitcoins price has done exceptionally well over the last 15 years, but lets return the conversation back to my point and not discuss a completely different point to avoid this. My comment is that Bitcoin, which has done exceptionally well in a QE, risk on asset environment, has NEVER been tested like other assets in the GFC or dot com bubble. This has a negative beta to gold, i.e moves inversely. so recessionary positive gold environments we expect bitcoin to crash like most tech stocks and other non defensive equities. it has a 2+ beta with the S&P so logically would crash by double the S&P potentially which over the last 3 crashes averaged c.55% ( impossible to be over 100% I know so lets say potentially at least 55%).

Im not here to argue past returns over time, if that was the investment case all our money would be in NVDA etc, your investments are your own as well good luck to you, i am merely stating the above, which is pretty clear cut. Hopefully you make your money, thats why we are all here investing

Golds $3023/oz most likely the only real driver.. you could be right but seems less plausiable