Member Info for tbcx

It's one of those situations where management are damned either way.

Too many warrants, posters on here complain. Proactively addressing the overhang by taking warrants out of circulation, posters on here still complain. Yes they've taken out a debt instrument to do it, it was either this or they got exercised and sold into the market.

This was a genuinely spectacular trade last summer, if you timed it right.

If you didn't, I guess that would explain the ongoing resentment from some, deep into the btc bear? Them's the breaks as they say. Could be time to move on.

Whisper it guys, and I don't want to get carried away here, but the share price might have actually gone up

Wise move 👍

Great to see gold rebounding strongly today, and Jan outperforming it.

With these encouraging market conditions, we may well have what proves to be an ideal backdrop for our forthcoming news. Can't beat dropping good assays into a bull market.

Time for this sleeping giant to wake up

If you want to share your views on Mali and pros/cons you might get better traction on KOD board? Those guys always seem to be up for a fight.

Region wise things have changed. The country are looking to strike deals with Americans and Chinese all the time. Look at B2Gold listed on TSX, main project same county as ours and that's not stopped them being valued in the billions.

Here we only have a small number of regulars, as a bit of an under the radar stock, and I don't think any of us can be talked out of these shares when we know what's coming here. £15.5m cash, 1 million ounces of gold with exploration upside set to soon increase, strategic investor just on boarded to get this to production, Toubani playbook about to be unleashed, forecast ~60k oz a year. Multiply that by current gold price.

Washington... this is big guys

In other news I see Tulloch looking to to be appointed to another micro cap as part of an activist campaign to remove that board.

https://www.londonstockexchange.com/news-article/PYC/circular-notice-of-requisitioned-gm/17533884

At same time he's stepped down from CHLL which was something to do with cannabis, but still head of Medell Helium, which was something to do with cannabis, but naturally is now a helium stock instead.

What does this all mean? Who knows, but does seem a) he's no longer into the green stuff and b) is a busy guy.

Should be minimal. No significant expenditure like a drilling campaign since the £1.5m funding.

Hi Ray,

That's okay you are not breaking anything to me. Yes anyone can claim anything on these boards (and often do), but I've been on the Jan board since August last year when I first bought in, and recall VikR appearing a few months after that, late last year and referring to being in contact with Hugo. At the time Hugo was being onboarded as investor relations and initial emails had bounced. If I recall correctly, VikR posted a copy of an email he'd received from Hugo once he was formally in post, which matched what others received too. It was related to newsflow timing around initial Paranaita campaign. You know it's not necessary to share your opinion on every post here?

Good to hear of Heinrich being bullish about the future scope of the projects. As Vice President of Bravo Mining, fair to say he brings a decent amount of credibility, together with that operational experience in Brazilian mining. Will have a significantly better insight than any of us into the potential of these assets.

That part about holders being "likely to exercise and sell" isn't accurate. Nobody knows if that's the case or not, but because they are insiders there has to be an assumption they would hold the shares if/when they exercise - not sell them. Have to be careful with these AI generated responses sometimes.

They won't even be fully vest until September 2027. Or be in the money until 8p+. Other historic warrants market already priced in way before today's RNS. The important part is the main £15.7m funding came without any warrants attached, unlike so many fundraises you see on Aim - this was a level playing field for all of us.

I know this goes without saying for regulars here, but I do think it's worth mentioning just what a hefty slug of cash this is.

To have that £3.25m cash banked will go an extremely long way. In the context of a market cap today of around £6.5m, to have the equivalent of half in cash you never really see.

For the first time the company will be able to undertake a drilling campaign for tungsten, which it's never been in a position to do before now.

One of the reasons I chose to invest here recently after being out for a little while was the certainty this cash will bring. Funding always the biggest unknown for explorers, here being fully funded changes the investment case significantly. There are no certainties in this game as we all know, but coupled with the tungsten backdrop and being as cashed up as we are today, I'd say this is far better positioned than most. GLA

Can sell 2m shares at over 1.51p now, looks like we have some hefty volume on buy side of the book. Normally a good sign.

Copper bouncing nicely today and silver positively rocketing, will surely help the economics of our project.

I know all of us here know it, but I do suspect the market may be overlooking here the sheer potential of not just our overall resource but the silver in particular. I see this as just as much of a silver stock as anything else, and scope of this has all the hallmarks of being absolutely massive.

Fuel being significant input to AISC across industry has been the thing that's miners particularly over course of Iran war, so when it reduces the economics of an early stage project like this improve as far as feeding into future feasibility study goes.

Add in torque from increase in gold and it's a bit of a positive feedback loop for our corner of the market. Who knows where oil goes of course, but I imagine just about all of us investing here are bullish on gold and on that front a very good day today. GL holders.

Share price wise, as well as retail shares here, this is one of those weird weeks for price action where some folks crystallise losses to offset against CGT while they still can within this tax year. I'm sure we all agree here that otherwise to sell at these prices otherwise doesn't make sense, when the company has never been as well positioned as it is right now.

I suspect they'll be able to increase PR now we have the Eagle Eye transaction formalised. One factor in intervening period leading up this they may well have been impeded by what they could say, while in that effective close period. We'll now see new director onboarded go with that slug of cash, once dust settles in theory should be all systems go.

Let's hope so as being scandalously undervalued so you sense a bit of publicity might be all it takes. It seems few even know this name. I only happened across by accident really but glad I did.

More coverage on tungsten price skyrocketing, article highlighting it has now tripled in value since December.

https://www.cnbc.com/2026/03/31/commodities-price-of-tungsten-sulfur-and-helium.html

Certainly encouraging to see gold move up over $4.6k level, together with Brent significantly retracing today. 👍

Amongst all the noise here, fellow investors it's worth reminding ourselves of the scale and potential here. It's worth repeating the Molly gold project alone we already know contains a significant amount of gold. 130k oz JORC confirmed equates to well over $550m worth in the ground.

If we consider too that's with a relatively high 0.5g/t cut off. With the gold price being so high now, you routinely see projects that use cut offs of 0.25g/t or below. Then we factor in the fact it's district scale, that we have evidence of mineralisation in all directions, and that before the company acquired it, it had only ever seen limited drilling.

Now, we have that fully funded campaign underway with expressed aim of expanding the resource, and as we know we had that encouraging references to consistent mineralisation seen in drill cores in yesterday's update. We are in a that sweetspot on the first part of Lassonde Curve right now, leading up to drilling results confirming deposit's potential.

For me this will be a no brainer hold - and genuinely looking forward to hearing more news the about campaign underway.

GLA