Member Info for Redacted

Just popped in to see how much money THG has lost me today and I see Crafty is back, telling us what a great company this is. Yet here we are, Crafty, back with a 3-handle. Well done MM and the team. Great job!

I feel your pain, cantbelieveit. Kicking myself for not getting out at 50p when I had the chance. I'll know better next time. Good luck with those US investments mate.

I agree Rotherby1, to a certain extent at least, but I am no expert.

Shaun is constrained in what he can and can't say as things currently stand. The drilling results are not yet converted into formal resource estimates so, even though Shaun may know how good they are, he cannot announce it yet. And by that same reasoning he can't talk of future expansion plans that would rely on that information. It would look speculative and Shaun wouldn't be so foolish.

However, once formalised that narrative may change? Facilitated by a long Telfer mine life extension, new opportunities become possible, and that may raise the question about how best to develop Haveiron. GGP could produce nigh-on 600k oz per year (or more?) with Telfer and Haveiron running separately. To me that looks too good an opportunity to pass up, if it can be achieved at reasonable cost. But with Telfer spewing out cash, and looking like it will continue to do so for the foreseeable future, who knows?

As for dividends I agree. However, the extra cost of developing Haveiron as a completely separate mine may delay, but would almost certainly constrain, what is available to be paid out, even if GGP utilise some form of debt facility to cover the lion's share of that cost. That has the potential to knock the SP over the short term, which is the concern I raised earlier.

It has DM, but that could be because of the information available to them at the time those decisions were made. A second plant couldn't be justified with Telfer 'officially' nearing EOL. That's unlikely to be the case now, so the economics have changed significantly. Time will tell...

It will be interesting to see how this pans out (apt for a gold miner) over the coming years.

Those comments were made before the results of the current drilling campaign were known, when it was assumed Telfer was nearing EOL. If those results increase the life of the mine substantially, as seems will be the case, that may well change the economics, and building a dedicated processing plant at Haveiron would probably make sense over the longer term. Yes the permitting and approvals etc. would be difficult, and time-consuming, but processing at Telfor could continue until the new plant was ready. How much gold would GGP be producing annually with plants at each site?

My concern with going down that road is capex. It would cost a lot of money, which would delay or constrain what GGP could pay out in the way of dividends or buybacks, or have available to invest in other projects. And my concern is that it may take the shine off the SP in the short term.

DM, it looks like some wet wipe has had your excellent posts from a short while ago taken down. It really is a post-truth society we live in now unfortunately.

Keep up the lateral thinking!

The problem is this all gives Mouldy all the excuses he needs to say what a useless market London is and that he would be better off taking THG private. No doubt it would be good for him, but maybe not so good for us. God only knows what price he would get away with this time round.

Apparently it's tradition in Ecuador to burn effigies at the stroke of midnight on New Year's Eve:

https://www.youtube.com/watch?v=NfpOx678CiQ

I know who's effigy deserves to be burning tonight...

Email has bounced back Rodney.

Tried Smallsolgshareholders@gmail.com and smallsolgshareholders@gmail.com and both come back.

??

Me too Rodney.

Yes, a 'number 28' without any fried rice or prawn crackers. As with most Chinese meals you'll feel hungry again within an hour of eating it.

If the BoD really are being forced into this, by FN/Osisko or whoever, then I would susoect they'll be trying their best to undermine it. And one way they can do that is by releasing as much positive news as possible. Let's see what they do now.

Well we now know for sure that SOLG is for sale. Whether or not it goes for 28pps is another matter.

So now we know why the SP fell back over the last couple of trading sessions. Leaky ship.

Poor management, declining production/productivity, falling receipts, increased spending, ever increasing debt. The list of failures goes on and on...

But I'm not talking about TLW, I'm referring to the UK. I know it's currently Labour, but to be fair, the Tories were every bit as bad. It's been this way for decades and there's no sign of it getting any better - in fact the trajectory is still very much downwards!

TLW is just a microcosm of the UK. UK PLC releases its annual accounts next week and they are going to look every bit as bad as TLWs. I shudder to think how long we have left before the debt holders come looking for their money back. We'll all have a lot more to worry about then, that's for sure.

God help us...

RG is an absolute f*ckwit. He's led a lot of people, me included, up a very expensive garden path here. Let's hope he chucks another couple of hundred grand at this so he can lose even more.

Come on chaps, the only expectations that need to be managed over the next 5 days relate to how many runs England can beat the Aussies by in the first Ashes test, starting in about 12 hours time.

Come on England!

Both mine (179,464 and 180,258) are showing as sells as well. I think it's because the buy price is closer to the Bid than the Ask?

Glad I waited to top up. Got my average down to just under 3.25p. I can live with that.

Where are you getting that rumour information from Oily?

It would be great if it were true. Personally, I wish GENL had exited Kurdistan years ago, it has been a disaster for GENL, and its shareholders. The loss of Miran and Bina Bawi was just the icing on the cake - for want of a more apt expression...

Well it seems the Chinese aren't going to stand idly by.

It's a few days old so sorry of this has been posted before:

https://oilprice.com/Metals/Gold/De-Dollarisation-Strategy-Fuels-Massive-Unreported-Gold-Purchases.html