Member Info for willz94

At £1.50 ill be giving out HJs at the mine on a visit, i better get a glove of Vaseline on as i genuinely think we see that long term when we have multiple mines in play. if we have say 1.5 years left on segi with further exploration, douta up and running with 10 years and Ivory coast in PFS/DFS, how would this not be a 6 PE valuation on a higher earnings base?

No mate just happy to relax and not flap about the price of gold like you. You literally add no value to the discussions on this board other than inaccurate info most of the time and then get defensive when you are corrected.

Relaxing on a holiday that’s funded by a dividend that I received because I was invested not selling and speeding FUD then buying and ramping like you

If you’re bearish and flapping about gold, a miner with the lowest asic is the best place to go. If you’re not invested, just leave.

final post for me while i sun myself.. there have been multiple interviews with segun pretty sure the zak mir one is one where he stated that there will be multiple positive re rating opportunities this year with segi resource expansion and douta pfs. i think you have to be ******ed to interpret that as them finding no more gold at segi, it literally implies wait for the upgrade to resource there is gold there.

promised myself i wouldn’t log on as i’m by the pool in egypt but i’m pretty sure douta will be 100koz a year for 10 years, so i’m going to poo poo that statement of 95koz max.

we have had drills on segi and satalite deposits, 200k in my opinion is nailed on, and older oz from the historic stuff which was previously not targeted due to economics are very much in play now with gold being over 3k let alone near 4k with a possible pullback to a still amazing 3.5k

with all info currently known i cannot see any reason why thi would drop under 50p, even if you do some magical chart ****e, there’s a very strong lower trend channel at that support.

last few days have seen masses of volume in the mid 50s showing a large amount of demand.

we have drills coming for segi and resource upgrade, a pfs that puts a 10 year plus mine with an additional exploration licence in play using no equity financing, followed by what look to be at least 2 giant mines in ivory coast.

the reason i won’t be trading this is the sheer risk of a big boy hoovering us up and missing out on the guaranteed pay day early.

One of the most exciting things in my eyes now is that by the end of this Q we will have enough in the bank to cover the cash element of douta for the first stage, likely more than enough given we will also be financing some with the AFC. I feel like the fact that when this PFS is released we have funds there, and the fact the DFS should be a swift process given how indepth Segun has stated the PFS will be, the rerating opportunity here is massive.

I think tomorrow is ex div mate

Chart*

Herman - Look at the chat, it touched 75p back when gold was around 3700 ... so its hard to say the rise was based on gold rising. It has taken a trip ointo the 70s twice with gold and different values

Great to have you back mate.

Reiterated segi resource extension and pfs due by year end in the recent operations update

For anyone who loves magical chart analysis, gold looks to be double topping today as it looks to consolidate as it did it april - september. Usually leads to a healthy pull back and sideways movement which would be between 3800 - 4300 i imagine before a nice leg up towards 4750-5000 in the new year.

Douta cash will be fully banked y the end of the Quarter and as many have mentioned the segi resource will likely take into account the new economics of gold that was previously ignored where they made their first pass at the mines resource.

We now have a 89p target by in house broker, a top 1 percentile recommendation by another and 96p from the metrics on investing.com.

People are bound to take some cream off the top as markets get abit jittery but I still struggle to see anywhere better to keep my money.

I do however agree with the segi mine life extension as i covered that in my catalyst highlights below, although i see this being a resource update not a defined number of years, but you can obviously infer years using historic production and the increase to resource given

Going to disagree with that, no one expects Q3 to exceed expectations due to rainy season, meeting them is a very good result, Nigeria was very rainy this season too

Stockpunter2*

Stock punters were expecting the two biggest updates by year end, both should cause steep rerates in my opinions.

The segi mine resource update will pull away the current celling, in my opinion this is why were staying put here (albeit it here is hundreds of % up but still undervalue really) Once the re is certainty about resources at segi, enough to float us through to douta and probably beyond, were GOLDen, pun intentional.

Second catalyst is the PFS on the douta mine, this sets up the mid term future likely 10 years or more of 100oz gold, with no dilution risk to raise capital, find a AIM miner thats done that, you wont.

Finally we will also get maiden resource for ivory coast licences, that sets us up longer term.

All of the above by year end with gold flying, while paying a dividend pave the framework for our transition from junior to mid-tier miner.

How much was the sell? I cannot see anything large?

Cracking update for rainy season. Due to hit guidance, good waiting to be sold at this higher gold price, reaffirmed resource update and pfs due by year end and still holding a filthy low asic.

Meanwhile fed powel hints at QT not being on the cards for 2026

Completly agree isa. All well and good knowing we have absolute tonnes of gold coming in 5 years but we need the segi resource upgrade to give the market confidence till that point.

Also a reminder to everyone that today is a Canadian public holiday.

And gold trying to top 4100 today too!

Ill be happy if we have 200koz upgraded this Q then continued exploration over the next year now we have our own rigs to add another 200k next year, that will give us plenty to get the 10 year douta operation up and running and the ivory PFS in a good place

One thing to also remember here is the potential for takeover once theres certainty over increase segi resource and the economics for douta. I actually see this as a risk as we may not get the full benefit of the future potential here. However, Segun has skin in the game, knows the worth of the projects which hopefully means if he lets it go, it wont be going cheap. £1.5 offer would still undervalue the long term potential when you factor in ivory coast aswel

I had spot gold hitting $3977 pulled back abut and now back up to $3969 as a type. I wouldn't expect any real pull back till it hits $4k resistance as that will be a phycological barrier for sure, similar to what we saw at $3500 levels