#AVAP ⬆️ 20% since results last month in this market. Conviction pays! its a takeover target.

DYOR

#SNWS trading up gradually every day. Looking much better ahead of results next month. Think this goes much higher.

DYOR

#THX Gold making a move, now $1980oz which makes the valuation here looks even more ridiculous.

Highly illiquid so not for everyone. DYOR

#THX On this subject, according to Sharepad, it will have net cash of $205m in Dec 2025 (2 years time). This is almost 2x the current market cap 🤷‍♂️

The market obviously doesn't believe it (yet).

DYOR

#THX Shares have come down a long way. Minimal net debt now, Mcap £98m for a 85k-100koz producer. If you believe forecasts then could have net cash of $96m (£80m) by Dec-24. Mispriced or what? 🤷‍♂️

#BOWL Solid trading update as expected. The group expects to report EBITDA growth ahead of market expectations. Solid cash generation and divi. Seem to be doing rather well in this tough macro environment.

DYOR

#THS PGMs starting to turn. Nice move in Iridium and Rhodium over the last week. PGMs profitable again. £100m PAT forecast on current prices and FY23 production guidance. EV is c$90m.

Postponing Karo provides capex flexibility. Expect final divi of 2.5-3c.

DYOR

#ENQ ⬆️ 16p. I believe JP Morgan increasing TP to 30p played a role today. Coming along nicely.

DYOR

#THS Their obsession with Karo is hard for me to comprehend. Delaying by another year would surely mean increase in capex but company not commented on that.

But what would you pay for Tharisa Mine that generates $100m plus FCF p.a. on a EV of $85m?

So much potential yet..

#THS extending Karo commissioning by a year to June 2025 in light of unfavourable PGM market. Clearly focusing on producing chrome vs PGMs atm with chrome production up 10% QoQ and PGMS down 20%. Net Cash of $126m vs Mkt Cap of $230m. EV c$104m atm. PGMs b/e, chrome $120m p.a.

#AXL So Canacol exercised its warrants and will hold. Great news. One more week till warrants expire. Any guesses what happens to the sp after that? 🤔

#PTAL Done rather well in the worst quarter of the year (in terms of river levels). They can produce over 20k bopd. River levels expected to normalise in the next month or so. The cash will keep piling up. $90m+ already debt free with a $500m market cap.

#THS basket price up $120/oz this week. Significant but needs a bit more momentum.

Sub £200m market cap for a company with last reported net asset value of $620m. Need a solid production update on Tuesday. Chrome $295/t.

#BOWL trading update likely next week. I think they must be doing well for a number of reasons.

DYOR

#SEPL very significant for Seplat if this happens

UK energy security is essential. Events like sabotage on the Finnish gas pipeline go on to show how stupid the current UK govt is to tax its own industry to infinity.

More volatility in the O&G market