Member Info for Schmidt1

CIBC world markets is the broker through which the seller trades. He sold almost 500K shares yesterday at $0.27CAD. And he's been doing this for weeks.

79 CIBC is once again on the TSXV.

He has already sold more than 200,000 pieces at 0.27 CAD and is still in the ASK.

I really have no idea what he's up to... If he had just wanted to sell his pieces, he could have taken advantage of the large volume on the LSE... But no, he is now selling for the equivalent of 0.15 British pounds....

Hey BigBite, Thank you for your explanations, I will try to understand them.

For me, the statement of cash flow is actually more crucial when looking at the financial results. This makes it much easier to see the profitability of a company.

That's why I don't really see the first quarter as positive.

The operating profit was relatively weak at USD 9 million, considering that accounts payables of USD 4 million also supported this result. But not surprising if you only sold 17.5 thousand ounces. But it also behind us and Q2 was much stronger.

In Q2 we had an operating profit of I think $21 million. Mind you, if you add the accounts payables on top of that, it would have even been 29 million USD and that's damn strong.

I think H2 will be significantly stronger.

Segun mentioned in mid-August that they are now mining a high-grade ore body, which means they expect to produce just over 3.4g per ton by the end of the year. If you assume 120t/h in Q4 and a grade of 3.5g/t then we would have in Q4: 120t/h ×24h×91days ×0.94 recovery / 31.1 = 27700 ounces +3000 ounces from the circuit would result in >30K ounces in Q4.

Best regards

Hey BigBite :-) Okay, so firstly, I'm a German investor and I'm having this text translated. Please excuse this.

I'll try to explain now and would like to mention that I'm not an expert on balance sheets.

I was wondering how the production costs for mining and milling can fluctuate so much between quarters even though a relatively constant amount of material was always removed. This is because the ore is stated as a cost in stockpile. For example, if we have accumulated 12,000 oz ore in stockpile, then this will be listed on the balance sheet at a cost of e.g. 1,000 USD/ounce.

Since we have built up the inventory, this is listed as profit on the balance sheet. If the real production costs for mining are, for example, 18 million USD, you now deduct the 12 million dollars for the ore in stockpile and it is only 6 million USD.

In the statement of cash flow, however, it comes back to how you can read it in the financial report. I think change in inventory was around USD 13 million in Q1 and around USD 8 million in Q2. If THX had not accumulated this ore in stockpile, the profit would also have been $21 million lower.

I would be happy to let you teach me something better. I can only learn

It should be noted that the increase in ore inventory in H1 was included in the profit at more than 20 million... However, profit plays a minor role for me. What is crucial for me is the cash flow that is achieved in the quarter. And this should be significantly higher in H2 than in H1

Yes and on the TSXV it is 79CIBC. Always the same pattern. About 1 hour after opening he serves the BID and then stands in the ASK with a large order. Of course I can't say that it's always the same seller but the pattern is always the same and it doesn't look like this seller is aiming to get the best price. No, it looks like he is consciously trying to keep the course at this level.

Hello everyone, I wrote to investor relations and asked about the flyrock accident. I also asked about the accounts payables and what value they will settle at.

Here are the answers:

The flyrock incident set us back approximately 4,000 ounces from our Q3 target and hence the guidance revision. This production was deferred as a result as there was no high grade mining from the pit during the review process.

Regarding the accounts payable, it is not the entire $71m. We will be “current” on an ongoing basis at $45m. The total accounts payable is accelerated from Q3 onwards given the reduced debt payments and higher gold price.

Do you have shares of hummingbird?

If not, you want to buy shares?

If not, why you do this research?

Best regards

For example: harmony pays 30% of his free cash flow im dividend. I believe dundee too.

Für THX this means a 22,5 % Dividend at current prices :-)

So if the 4800 ounces from July don't represent 60% of production then things are looking pretty good :-)

If THX decided to pay out 20% of FCF in dividends in 2025 then with a gold price of 2400 USD/ounce and production of 100K ounces this would be a dividend yield of 15% at the current price.

You don't have to write anything more about it.

I have no idea whether anyone here is interested or not, but I looked into THX's very low AISC again and now I know how it came about.

It's due to the ore in stockpile that was built up in the two quarters and is deducted from the costs in the balance sheet.

If they hadn't built up this ore in stockpile, we would have the following AISC for the two quarters:

Q1: 1400 USD/ounce

Q2: 1170 USD/ounce

The positive thing is that this ore in stockpile is already included in the profits and can be deducted from the profits later when THX has to pay taxes.

If no inventory is built up in Q3 and Q4, the AISC should be between 1100 and 1200 USD for 24K ounces sold.

With a gold price of 2350 USD, the FCF should then be around 30 million USD per quarter.

That's quite a statement

The Guitry project was acquired through endeavour mining. I think the purchase price is very cheap because the area has high-grade ore.

Endeavor mining's Masawa mine is just 5 kilometers away from Douta...

I could very well imagine that Endeavor would definitely keep an eye on Douta...

I'm excited to see what happens next...

Https://stockhouse.com/news/press-releases/2024/09/16/pasofino-enters-into-exclusivity-agreement

Hello everyone,

If you are speculating on a sale of Dugbe, then it is best to buy Pasofino Gold now. The company has an MK of USD 55 million.

Segun Lawson on the KE Report

https://youtu.be/i5qWFrOGma4?si=ZC1vIE2b17RU9UOz

Hey :-)

of course I understood this statement.

I am also aware that fundamentals sometimes only play a minor role.

But for me they are unavoidable and have shown me over the years that you shouldn't choose the right horse by tossing a coin.

If you look at the charts of the individual gold mines, you can see a lot of departures, both upwards and downwards.

And these have to be caught.

Greetings

Even if that were true, it would be 25% that you have in your own hands. Otherwise you can also go to the casino...

Greetings

Hello everyoneWyk,

Can anyone of you estimate how many accounts payables still need to be paid in the short term?

According to the balance sheet, these amount to USD 71 million.

In 2023, 30 million accounts payables will be recorded.

At what level does such a value settle on the balance sheet?

At Jaguar mining, for example, there is USD 15 million on the balance sheet.

I really have no idea, but maybe any of you?

I must correct me.

It is till the end of April 25