Member Info for ShareSleuth

When a company is as undervalued as Thor is at the moment, it's a no-brainer for me - buybacks all the way.

Also, it can be done quickly, you can say you're going to do it, you can do as little or as much as you like within certain parameters, you can cancel the shares or keep them in treasury, etc - and I'd almost certainly guarantee it WOULD affect the share price in a positive way.

With respect to Douta, what many don't realise is the sheer size of the combined Douta and Douta West licence areas which extend contiguously for some 60km - that's about the distance from Reading to the centre of London!

What's more it runs NE to SW along a highly-prospective fault line, much of it as yet unexplored by Thor, with other multi-million ounce discoveries dotted all around it. I suspect the eventual resources found over the Douta licences will keep Thor going in Senegal for decades, way beyond the couple of million ounces they already know about. AIMHO, of course.

...(excuse the typos there)... Reading between the lines, I think this is an indication of the longer-term potential that Thor see at Segilola, and possibly elsewhere, eg Lithium, etc, and other jurisdictions.

HarChris - re upping the exploration intensity. did you catch the did about Thor acquiring their own drilling rigs, which are expected to be on site in about 6 weeks (from memory), which are expected to reduce their drilling costs - and obviously would be available full-time without the need to book them from external contractors.

Yes, a lot of nuance added, like our production costs are "comfortably below guidance of $1,000 an ounce".

Also good to get an indication/mention of Cote D'Ivoire - "a new jurisdiction adding the romance of exploration and a new dynamic to the company", making Thor a gold production, development and exploration company.

Schmidt1 - Excellent video/podcast. so thanks for that.

Some very interesting snippets, clarifications and nuances mentioned in it, so well worth a listen.

Highlighted the reasons for delaying the PFS to include the Baraka 3 exploration drilling results. He said these newly discovered deposits were probably the easiest to mine and process oxides with a 96% recovery and excellent grades, and would probably be front-loaded into production. (My take is that this makes Douta a doubly-compelling project now, going forward.)

From what has been said publicly and published already, I believe that the minimum mine life extension will be three years. Personally, I'm expecting nearer five years, especially if the price of gold remains around $3,000. AIMHO, of course.

I also think Thor may have been slowing down Segilola news a bit, pending resolution and publication of the Osun state sheenanigans, which have now been comprehensively put-to-bed; so onwards and upwards from here.

GREENEYED - "GEX is one of the biggest opportunities on AIM right now."

I totally agree with your biggest opportunity sentiment, but would point out that GEX is not an AIM stock, it's a main market stock!

I know it's almost unbelievable for such a tiny market cap stock, but the directors have gone to great lengths to ensure the company has main market audit and accounting standards; presumably due to their longer-term ambitions and vision for the future.

This RNS, the one many sceptics were waiting for before committing and-or adding, was released after the market opened, so will have been missed by many checking in for news between 7 and 8am, so it may have a bit of a delayed impact.

The fact is, this nonsense is why THX is not trading about 10p higher than it is currently, so it's great that the findings of the report are unequivocably positive in Thor's favour.

I still believe that most investors think GEX is highly speculative, whereas the reality is very different IMO.

At Hussar, which is their first drill, or should I say well re-entry, target, there is historical well log data indicating about 9% Helium, along with Hydrogen and Natural Gas - and that is before they reach the target reservoir.

Mt Winter, to all intents-and-purposes, looks very similar in terms of historical indications.

Both of these reservoirs are absolutely colossal in size.

A couple of other points to note are that these resources are all onshore and in a Tier 1 jurisdiction, so no massive capital expenditure to access them.

But the best bit for me, is when you realise that there are a number of Helium producers out there making a decent living out of tiny (by comparison) resources with around 1% Helium concentrations, this brings the potential economics here into sharper focus.

Of course, without the sales there's no shares to buy, which is why GEX keeps going NT recently.

It is this turnover of stock which will propel GEX much higher as we progress, and as the limited number of share move into longer-term hands.

Welcome Sir_Hector.

I can tell from you're posting profile that you're a genuine investor, asking perfectly reasonable questions about shares you're interested in - and definitely not who Silverlight thinks you are.

You can no longer buy any meaningful number of shares below 7p, so that's an indication of what's happening with GEX and its very limited number of shares in issue; I think it might be about to pop!

No, they're not meaningless, as a reasonably high number of the shares are still tightly held - many with lock-in periods from IPO.

It's not an exact science, but I believe about 50% of the shares are not in what one would normally consider to be 'free-float'.

The nominee or aggregated holdings are fairly easily identifiable from the rest.

Very reassuring update, confirming that the site visit and information gathering exercise has now been successfully completed, and it's now 'all-systems-go' to generate the EIS2.

Most importantly for me was the reassurance that the flood damage to the site access road and airstrip was limited, and repairs were in-hand and would be covered by contingency within the existing budget.

...Apologises - that was meant to say 24.25p!

$0.45 in Toronto currently, equivalent to 22.25p, with decent volume.

Whilst those are all valid points, as a business owner, I'd relish the opportunity to amplify my company's future value/gains for such an advantageous price, whilst I could - it won't stay like this for very long IMO.

Don't get me wrong, I'm not normally in favour of buybacks, but sometimes circumstances are overwhelmingly compelling.

In the meantime, the company could use a little of its excess cash to buy-back a few of its shares, at what is probably a once-in-a-lifetime opportunity (at a forward p/e of about 1), hence enhancing all future returns relating to the remaining shares/shareholders; it would also provide the liquidity for any shorter-sighted holders wishing to exit.

I must say I'm a little disappointed the company have not already announced something along these lines as, reportedly, they've been mulling dividends/buy-backs for a while now.

Gervaise manages a couple of funds/trusts at Premier Miton.

I've been meaning to post a couple of his thoughts on Firering, which he considers to be an exceptional investment opportunity.