Disappointing drill results. It appears that they are drilling at obstuse angles to define the size. However, with the MRE quickly approaching, economic drilling results are a priority. With the benchmark so low for performance rights, it does seem like shareholders are being taken for a ride.

Time will tell with the MRE, if you are still bullish, with all the negative sentiment this would present a good entry point. However it will all depend on MRE results. Might be a good swing trade to ride on inflation tail winds. Would love to hear other people's opinions on the company and MRE. 

Webinar today shows that 

Link:

https://us02web.zoom.us/rec/play/JjQuDs8oes7e2ktxpi5i9jiZ0-697RlMMs99zqI9aWpYrWFwlBSzFgAQ39WSDOoFqQEnwHAsC-ktkrOF.mRgM1GW4JyklOe1o?continueMode=true&tk=bAiDpwj0t8_UJZ-CJLvLjzU8ZvxOaJqXRhfdEwYFVMw.DQIAAAATqAOY1hY3dWVsM0JfWVFXbXpzbTdBOGpuTTJRAAAAAAAAAAAAAAAAAAAAAAAAAAAA&uuid=WN_xa-HzOZQRO2zENqC5rNjeg&_x_zm_rtaid=IqsHZucVS2mGvXfbGTFsdw.1617069619205.3eef3d6012799e292291796a13cba11a&_x_zm_rhtaid=975#success

My biggest takeaway is confidence

- Began hiring for production

- Plans to increase Drill Rig Count

- Budget for another 4 quarters 

- Target initial resource 100,000 ounces for >10 years (En route middle of 2021)

To play skeptic, it could also be a sense of urgency before another CR is required. However, either way in my books management are doing the right thing. A sense of urgency is required and exampled. 

With the performance rights and current skin in the game, I am confident, managements interest are well aligned with shareholders.

Current volatility of POG adding pressure onto the share price

Commodities boom prediction from respected economists such as Michael Knox

#BullCase

Recent interview with the CEO suggest that bigger players have an eye on the company. 

Management is aligned with over 15% stake and a massive performance bonus if it can deliever a maiden resource by June 2021 

3rd biggest investor is a Chillean local 

Recent increase of holdings from a top holder

24/7 drilling, shows urgency

Recent CR of 18M AUD from investos at 27c

#Marco

Jay Powell is aiming to let inflation run until at least 2023-2024 target, as indicated by his speech in Jan 2021 and most recent talk 10 Feb 2021. By then uncertainty may be at record highs, a huge driver for interest in gold. 

It is a matter of time until a need to switch into wealth storage positions. With TSO's position as a explorer it is well positioned to be in production and reap the benefits of changes

Chile has already begun rolling out vaccinations

#Bear Case

Despite all the headwinds, it is still a exploration company and has the associated risks. 

POG will continue to be volatile and will require a higher risk appettite

#Neutral Case

The market is a forward looking machine. No one can perfectly time such things, but fully disclosure, I hold this company.

Due to the associated risks and current market sentiment, there is significant upside in the short to medium term, let alone long term.

While my profile does not reflect my actual performance in the slightest. My market in 2020 doesn't make me any sense of genius. Its been a bull market afterall. 

DYOR

I may have entered too early but I do believe that this company is due a rerate. However this is the market and "the market can stay irrational longer than you can stay solvent." 

Look forward to hear other perspectives.