RE:RE:Picking up more bargain shares
Punter, I have no idea why you have such a huge hate-on for THX.
As objectively as I can:
YES if I heard about this today, I would say it is a HUGE opportunity, much moreso than when they were just starting construction. In fact I added a whack of shares yesterday. The plant is working, albeit with some glitches during startup, which is unfortunate but not unusual. Profits are being delayed a little, but there is no way that the plant and the high-grade deposit should be written down to this extent. So the downside is very limited as the project is 99.99% de-risked (they are exporting gold remember).
I will be very happy with the 2x to 3x upside you talk about in the short term, before re-evaluating the long term prospects.
Speaking of long-term prospects, your repeated comments on exploration in Senegal just make you look like an a... Have you ever heard a company announce "we are suspending exploration to punish ourselves for experiencing a glitch in the processing plant?" Exploration is the one and only activity that creates the multi-bagger possibilities that you are dreaming of (and which THX itself has already done in Nigeria). And if you don't know what country diversification means, I won't bother explaining it here.
If you want to cure your depression, just buy some THX shares and come back in a couple of months to see how smart you were.