Member Info for Schmidt1

Check out Osino Gold. They were acquired this year for around USD 250 million. They owned the Twin Hills project in Namibia. NPV of $500 million after taxes at a gold price of $1750. head grade 1.15g/t

175K per anno for the first 5 years and a LOM of 13 years. I think capex is around USD 350 million.

Https://punchng.com/srol-hosts-gold-mining-stakeholders/

3 Million per quarter dividend would be 10% dividend yield at current levels.

And that is only 10% of free cash flow.

Not bad nd not to much i think:-)

It would makes the company much more serious for potential investors.

Https://youtu.be/sWOtSSqQG8s?si=f556AF42TjqWj0ng

Douta capex between 150-175 Mio USD.

This is great...l have expected more.

Seems like very profitable with an high IRR.

Https://youtu.be/rp_yuc9Ik2Y?si=0cRo6CFuE94aPHEF

In 2024, USD 45 million has been spent on debt repayment so far.

And we know that the last 3 quarters have all been fraught with problems.

Q1 and Q2 due to the mill modification and Q3 due to flyrock and rainfall.

If Q4 goes according to plan, then another USD 30 million in debt could be repaid and we would be almost debt-free in 2025.

Even if 2025 goes similarly to 2024 (which I hope not), THX would bring in around USD 75 million at a gold price of USD 2300.

However, I am assuming, firstly, a higher gold price and, secondly, fewer problems.

I am expecting a free cash flow of at least USD 100 million for 2025.

If 30% of this free cash flow were paid in dividends, this would be a yield of more than 20% at the current price.

I think that many investors currently do not see how much debt is currently being paid off each quarter.

To do this, you have to look deeper into the balance sheet and that is time-consuming.

Perhaps you only look at the cash on hand and this is currently stagnating.

However, this cash on hand will increase significantly in 2025 and then the cash machine will also be impressive at first glance.

Great:-)

Many thanks

I think i have read 3 years...so in 2025 they must pay taxes?

is this right?

Many thanks for your answers..

The results are simply really good for this difficult quarter. THX was only able to sell 18,000 ounces due to the circumstances. And yet, with revenue of $42 million, they were able to pay off almost $10 million in debt. An additional 7 million USD payables. If all of these payments were made, the company would have accumulated $17 million in cash in such a difficult quarter. With 25,000 ounces and resulting sales of $62 million, the company would generate more than $30 million in cash in just one quarter. We still need a little patience but it will pay off...

I also read this report yesterday but decided not to post it. It seems to be pro-government media and I believe that Osun State would declare victory even if they lost in court. I think it's better that our big seller has 200,000 fewer pieces today.

The seller is back.

First at 0,30 CAD on the ASK and now he dropped it to 0,29CAD.

We have no volume thats the problem....

So we need patience till this seller is gone....

Without this seller i think the price were over 0,40 CAD

Yes, the big seller is unfortunately still active. After selling 150,000 shares at CAD 0.28 yesterday, he withdrew an hour before the market closed and the price was able to rise. However, he will probably return today...

Https://www.google.com/amp/s/thenationonlineng.net/segilola-honoured-as-nigerias-top-10-non-oil-exporters-by-nepc/amp/

200,000 tons of ore were milled. This is almost 25% below the values ​​from 2023.

I think the reasons for this were made clear in the RNS. What is interesting is that despite all the impacts that prevented the higher grade ore from being mined, an average grade of 3.22g/ton was still achieved.

From this you can conclude that a section with higher grade material is currently being mined and that gives a lot of hope for Q4.

Now, if Q4 runs reasonably smoothly, the 25,000 ounces really shouldn't be a problem.

250,000 tons of ore with a grade of 3.5g/t and a recovery of 94% would mean 26,500 ounces. If you add the gold in circuit at 3,000 ounces, we would be at just under 30,000 ounces in Q4.

Let's see how it goes.

Greetings

So if you didn't know the gold production and had only read the summary of the impacts, then I would have expected a significantly lower production.

So I'm really happy that it's still 20,000 ounces :-)

We didn't have a single quarter in 2024 where things went smoothly.

It's time for that to change in the fourth quarter and for us to reach 25,000 ounces.

The good thing is that despite the impact, a lot of money was still made in Q3.

Sorry for my previous 2 posts. Maybe I shouldn't worry about it. Maybe you shouldn't take all these local press reports too seriously... They will resolve the dispute and in a few weeks no one will care anymore and you can concentrate on the fundamentals of the company again...

Https://consumerconnectng.com/37926

Who is right? Has the operation now stopped? I don't understand it... If that were the case, THX would release an RNS, right?

https://leadership.ng/osun-govt-gets-court-order-to-stop-segilola-operations/

In Q2, only 174,000 tons of ore were sent through the mill due to the modification. With a grade of 3.4g/ton and a recovery of 94.7%, 18,000 ounces of gold were produced.

An additional 3,500 ounces came from the CIL. As can be seen from Q4/23, the mill reaches up to 260,000 tons per month.

At a grade of 3.4g/ton this would be 27,000 ounces. From an interview in mid-July, Segun revealed that the mill was running at maximum capacity again in Q3.

So we can expect 250,000 tons again this quarter. But now low-grade material has been processed for 3 weeks.

This is about a quarter of the quarter. If we calculate with only 3g/ton for the nine weeks and 1g/ton for 3 weeks (very conservative) then with 250,000 tons we still get 19,000 ounces that were produced.

Now the 3,500 ounces from the CIL are added, which brings the total to 22,500 ounces poured.

If they then sold 23000 ounces, sales would be in the range of Q2 and that would be fantastic.

I'm not sure though because Segun talked about heavy rains. I hope these didn't influence the production too much?

Incidentally, CIBC continues to diligently sell its shares on the TSXV. He is pretty much the only seller and has sold more than 800 thousand pieces in the last 4 trading days....

Best regards

How do you reach $58M in Q3 revenue with 19K ounces?