Member Info for tbcx

Lol this guy is the ultimate inverse indicator

Jason Riley will be one the few that comes out of this clean. EXG is a proper company backed by some proper names and track record cutting deals with likes of Eric Sprott. Different league from PXC leadership where about all you can really say is at least Dick Turpin wore a mask.

Wouldn't surprise me if it was the EXG side that flagged the fact that half the board here had their hands in the till.

I'm sure it goes without saying but this has all the hallmarks of fraud. Safe to say the equity is toast. This isn't so much an investment but a game of Russian Roulette.

Exgen likely to get remaining 80% of Empire for pennies on the pound. Otherwise it's so bad even CLN funders have been stitched up here, and those guys rarely lose.

Looks like a fantastic deal. Now two properly quantified 6 figure oz gold assets, I know of nothing like this at such a small market cap.

Lol I distinctly remember Smalleyus slating the Paranaita acquisition too in that same totally incoherent way. That deal was a company maker, share price proceeded to do 3x after within a few months.

Certain posters on lse you either need to ignore or do the exact opposite of. He's both of those!

Luis Azevedo ex-Barrick too, doesn't really get much bigger than that in gold mining.

We're at a level here where these guys can be very selective about names they chose to work with. Has to be telling they're here, in what is still a company with such a tiny market cap. Reveals a lot about the calibre of the gold assets. Having an ambitious team like this in place, having worked for tier 1s, and having founded and sold companies, in the bigger picture I can see this humble Aim company being used as a springboard to significantly scale up over time. Perhaps leveraging future gold income for acquisitions, expanding in region and beyond.

No question in my mind, we have all the right ingredients for something quite epic here.

£1.5m banked from fundraise 6 months ago. That alone fully funded current campaign and right through to PEA stage.

Since then Jan sold stake in Blencowe amounting to hundreds of thousands plus that warrants +~£750k and counting.

Well over 10% of market cap here right now will be in cash. Plus potential £500,000+ to follow from further exercises.

Then you consider other side of ledger, costs going forward. This not a greenfield campaign, millions already spent before we arrived.

20,000k oz annual production at $5k gold = $100,000,000 revs per year. That's based on the established resource - with scope for significant upgrade. Yes the mine has to constructed but as an open-pit operation and high grades near to surface in a country with low labour costs, this will be as cost effective it gets.

Then you consider the CVs of Paulo and Luis Azevedo. It is striking for a market cap this low their background is with tier 1 producers. These are very different from your typical Aussie(no offense) explorer blaggers you see on Aim with a chequered history. If anyone can get this thing thing built - and the most prudent way possible - it's these guys.

Sell off complete, time to buy again.

Rock on those full assays this month.

Have to hand it to Packwood, top tier trading.

We're definitely seeing a gear change in momentum here, has to be a good sign leading up to next round drill results. And rightly so, market has been asleep on this for too long. Suspect this year may well be the making of Rock.

Quick due diligence check on track record of their JV partner.

https://iol.co.za/business/2025-10-28-outrage-as-harmony-mine-death-toll-climbs-to-12-this-year/

12 deaths in one year. Absolutely sickening.

They keep on coming. Two more announced yesterday.

https://www.harmony.co.za/media/announcements/2025/loss-of-life-incidents-at-harmonys-doornkop-and-joel-mines-05feb2025/

What impact do you think that has on chances this application is approved in jurisdiction where approvals are already frozen?

It is the company that reiterated cash runway until H2 2026 in today's update. That is them letting you know now funding will be required this year sometime from July onwards.

The reason share price hasn't moved is they've been talking about this application for years.

They have left it very late in day and now it is down to the wire because Jalani permit expires in May. What happens to the project if that renewal is not granted?

Here's the reality for industry in the region:

https://dailyinvestor.com/business/71859/south-african-mining-collapse-from-number-one-in-the-world-to-among-the-worst/

Issues are many and include "unreasonable delays in processing applications "

Sad to say but South Africa is now a bargepole jurisdiction.

One thing we can say about Colin is he's a very good deal maker plus he has significant skin in the game here.

Things undoubtedly quiet but my glass half full take is I like to think only reason for that is a deal is in the making.

The sector is white hot. You could argue the company has never been better positioned than this, despite share price. Seems every day week some resource name multibags over a short period of time with the right catalyst. GLR's time will come.

Right about Charles Archer. Wrote endlessly about that notorious p&d company MAST last year, anyone following his tip there would have lost nearly everything. Then curiously enough he deleted all his posts about it. I'm always amazed when he's quoted sincerely on these boards when it's obvious he's being paid to write about these names. Reveals a quite a bit about the sophistication of those posters.

Frankly I'd be more concerned if he started ramping GLR. Would imply there is little of substance here. Assets of this quality don't need superficial pumps, value will always out in the end.

Great product and credit to them for being revenue generating, way ahead of many other biotechs valued higher. Suspect there is a management discount at play here for habitually missing guidance, which can be overcome, she's easily replicable. The only snag is cash runway remains H2 2026. Definitely one to revisit once funding overhang sorted.

Lol they mention free gold just as much as refractory but I realise now you might be disgruntled employee or have a personal issue with the company, so time for me to exit this rabbit hole of a conversation. I hope you are able to work through whatever it is about the company that has caused you to dedicate years on this board to this single company.

"potential for multi-million-ounce gold mineralisation at depth".

Re pre-feasibility you could apply same critique to any explorers. Drilling always comes before pre-feasibility but they've only scratched the surface here. The project has effectively been dormant for more than a decade because they haven't had the financials to expand the program. What has changed is that with these new investors on board they do.

The balance sheet has been fixed, debts cleared, they banked £2.1m cash. That will go a significant distance to expanding the resource. Starting with current drill program.

Gamechanger now is they are able to drill at depth. Based on everything we know about the high grades closer to surface, and geological similarities with other significant finds globally, there is massive potential here nowhere near reflected in today's market cap. Suspect this is why they have so much support from the Canadian heavy hitters. As company themselves say, Clontibret has "potential for multi-million-ounce gold mineralisation at depth".

Multi million.

From the website: "free gold, refractory gold in arsenopyrite and gold associated with pyrite and antimony (stibnite), suggesting multiple hydrothermal events seeded the deposit". You are only picking out refractory when the reality is the geology here is varied and corresponds with other large scale deposits.

Implying it's all refractory is misleading. The deposit includes free gold and pyrite/antimony gold. We have no idea about the ratio of each. Suspect the heavy hitters that have funded this must be confident about the viability of the resource.

Valuation wise, you'll struggle to find another company in the developed world with a JORC resource over 0.5m oz AU PLUS £2.1m cash banked to advance current program at a market cap this low. In fact if you know of any let me know as I'll buy immediately.