Member Info for tbcx

What has changed and I'd suggest reason it's captured investors attention is not just the gold price - which can't be overstated enough, it totally transforms the economics of a project like this - but the level of undervaluation here compared to peers. It is very rare to see an explorer anywhere in the world with this kind of resource at a market cap this low.

The other dynamic that will significantly move the needle here is well known names in North American mining getting on board including Haywood's investment manager buying a stake. Then there's Eric Sprott putting money into Galantas which owns a dormant mine north of the border that now looks set to be coming back into production. Irish gold is having a genuine moment.

Thanks for sharing that local perspective and sorry to hear your family laughed at you about your early faith in this.

You could show them the one year chart, and point out the stock has outperformed not just gold this year but the vast majority of gold stocks - including some of the biggest names in mining worldwide. Really you're the one that should be laughing.

There is absolutely nothing of any substance in any of their posts because there's nothing here. It's a con.

CEO/proxies are getting a minimum of 650,000,000 shares, having put in a grand total of £6,250. Anyone buying these shares on the open market is getting seriously cucked. If there is a capital structure worse than this, I've not seen it. Nobody with any self respect should put money into this.

40m is only 1.5%. Dilution does not get much more minimal.

Rest only an option. Nothing taken yet, no obligation to take it. £5.5m cash on hand means there is zero need for it for the foreseeable.

Unlike nearly every other explorer, this is also now in the unique position of already being income generating thanks to Tavsan - income that is leveraged to the gold price.

Minimal dilution, debt free, strong balance sheet, £5.5m cash, the company has never been better financially positioned.

You should have stuck to ADVFN.

They made a profit in 2024 and that was the low point for the industry - look at peers. FY25 bottom line tbc but last year management underwent a massive cost cutting program, slashed headcount and importantly pivoted to processing the most profitable areas with highest carats. This trading update a culmination of that work, it is not an accident. The re-rating which has some way to go has been a long time coming.

On boards of unrelated companies.

You are doing holders of this no favours by ramping it all over lse

Here's what I said back in October - all still true today:

Management have proven turnaround underway, quarter on quarter growth, clearly still big demand for these big rocks.

With artificial diamond market crashing they are well positioned here with one of the largest authentic diamond mines globally.

Suspect this has now bottomed out.

At the end of the last financial year, net asset value which takes into account all debt and assets = $1.52, which converts to £1.11

Graff Diamonds one of the largest shareholders.

Hold on to your shares.

Wow 517,000 ounces of gold. Plus with a land package on this scale and being relatively unexplored high likelihood that considerably understates the overall resource. You never see JORC confirmed ounces on this scale at this sort of market cap, let alone in a safe jurisdiction.

With upcoming potential catalyst of drill results this quarter, coupled with gold backdrop, expect this to gain more attention as market wakes up to it.

Ludicrously low market cap.

Great news to clear this debt. Plus to have £5m cash on hand considerable for a company this size, 10% of market cap represented by cash. Will go a long way to advancing Dokwe and being debt free removes any funding uncertainty going forward. Plus cash inflow from Tavsan. Company looks better positioned financially now than it's ever been.

For those ramping this, is there a number of employee deaths where you would draw the line? Is 3 not enough? Shameless.

Held up well today, especially in context of wider market, selling quickly absorbed, good sign. Seems our Chinese friends may well have set a floor here.

Packwood's selling his other stocks too - see TYM and MILA RNSs today - can't be GLR specific.

Absolutely shocking. Very weasly to realease that news at 6pm on a Friday also.

Two deaths in quick succession can only mean severe negligence. Operators like this give gold mining a bad name.

If local authorities have any sense I would expect their license to operate being quickly revoked. That means the enterprise falls over, but that'll be the least of their worries. Management should now be alive to prospect of corporate manslaughter charges.

Appreciate that for long term holders this has been rough ride, but for anyone in at anything close to today's price can expect to be pleasantly surprised over the course of this quarter.

This isn't financial advice, but if you can I'd hold on to these shares.

A good example of the impact a Chinese stakebuilder can have on a London listed gold miner with operations in Africa is Solgold. A bit like Ariana, it was in the doldrums, then a Chinese mining company (Jiangxi) rock up and start building a position - followed by a full takeover. SOLG one year chart speaks for itself.

I see this as potentially playing out the same way. Xinhai are pretty serious players and impact should be twofold. Firstly, they will be active investors using knowhow, infrastructure and personnel to actually get the operations running efficiently and economically. They'll do this is a way frankly far superior than existing management would have achieved alone. The second aspect we know they are looking to increase their permission, per seeking ASX approval. As they increase their stake here, with only so much stock to go round, this naturally lift the share price.

I see buying in today as an opportunity to get ahead of them.

It looks like someone agrees with us. Late reported trades yesterday showing decent amounts significantly above bid.

I've been joining them, filling my boots here at these prices, happily down to a sub 3p average now. I view this as almost entirely de-risked which can't be said for many other explorers. Asset quality vs market cap blows peers out the water.

To me what has changed the investment case here entirely and frankly reason I've bought in this week is the Chinese stake building. They are savvy operators across Africa and won't just fund any old greenfield daydream project, of which there are many across LSE. It gives credibility to Ariana's operations on a ground level. Realistically none of us are ever going to visit these sites, but you can guarantee Xinhai will have scrutinized them up close as part of their due diligence.

It's about time the market started respecting this diamond with a proper valuation.

19m oz of silver JORC compliant resource at a minimum and current program underway to significantly expand that number, let alone the critical minerals, with the once in a lifetime metals bull market backdrop we are seeing, these shares have a long way to go.