{
 "as_of": "2026-11-06",
 "cmr": "uk-cm-kg/LSE/THS",
 "fence": "The page is the record's research on the issuer — no analyst, no rating, no view.",
 "markdown": "The page is the record's research on the issuer — no analyst, no rating, no view.\n\n# THARISA PLC (LSE Main Market: THS) — research page\n\nAs of 2026-11-06 · uk-cm-kg · record version 1\n\n## Identity and listing\n\nThe issuer is THARISA PLC, listed on the LSE Main Market under ticker THS, ISIN CY0103562118, LEI 213800WW4YWMVVZIJM90. Its security type is Corporate, its segment is SSQ3, its sector is Precious Metals and Mining [551030], and its jurisdiction is Cyprus (CY). The record holds its listing status as listed, not halted.\n\n## The disclosure read\n\nThe record holds 36 filings on 34 filing days in the window 2025-11-06 to 2026-11-06. The median gap between filing days is 7 days, against a LSE Main Market median of 4 days and a Precious Metals and Mining [551030] median of 7.0 days. The median latency from the latest filing to the record date is 17 days, against a LSE Main Market median of 3 days and a sector median of 3.5 days. The latest filing is a regulatory_announcement dated 2026-10-20. Filings by type are 20 regulatory announcements, 6 corporate actions, 4 financial statements, 3 director dealings, 2 AGM record dates and 1 early warning.\n\n## Auditor\n\nThe auditor of record is not on the record, and the auditor's location is not on the record. Auditor changes are not on the record, because the register has no lifecycle type map for this field yet.\n\n## Events and halts\n\nListing, delisting, name change, domicile change and segment move are not on the record, because the register has no lifecycle type map for this field yet. The halt flag is listed, not halted.\n\n## Orderability\n\nFor elective professional client, the outcome is signal ACM-200 and is determinable. For eligible counterparty, the outcome is signal ACM-200 and is determinable. The rule version is acm-68000/uk/product-governance-fca-prod-sourcebook/r1, and the chapter is as of 2026-11-04.\n\n## Coverage\n\nThe issuer's investor-relations page names 9 research houses: Avior, Berenberg, BMO, Investec, Nedbank CIB, Noah Capital, Peel Hunt, Tamesis and Vunani Securities.\n\n## Open research\n\nThe record holds no openly published research notes for the issuer; none was found.\n\n## Licensed\n\nLicensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.\n\n## As-of depth\n\nThe vintage of the UK market is not sealed, and no issuer years are sealed. The market's earliest sealed date is not on the record, and the live record began 2026-09-11. Years 2021 through 2026 are sealed in the store but not served as of a date; the as-of door answers not_sealed.\n\n## Sources\n\n9 source pages are named on this page; every value above carries its own source page and read date in the numbers.\n\n- https://www.londonstockexchange.com/live-markets/market-data-dashboard/price-explorer (identity.exchange)\n- https://api.londonstockexchange.com/api/gw/lse/instruments/alldata/THS (identity.isin)\n- https://api.gleif.org/api/v1/lei-records/213800WW4YWMVVZIJM90 (identity.jurisdiction)\n- https://www.londonstockexchange.com/stock/THS/tharisa-plc/company-page (identity.sector)\n- https://mcp.uk-cm-kg.ai/events/LSE/THS (the disclosure lines)\n- https://marketsecurities.fca.org.uk/officiallist (the halt flag)\n- https://mcp.uk-cm-kg.ai/book/aio.json (the orderability chapter)\n- https://www.tharisa.com/analyst-coverage.php (coverage)\n- https://mcp.uk-cm-kg.ai/record/LSE/THS (the record)\n",
 "market": "UK",
 "node": "uk-cm-kg",
 "numbers": {
  "as_of_depth": {
   "issuer_years_sealed": [],
   "live_record_began": "2026-09-11",
   "node_history_from": null,
   "node_years_sealed": [],
   "note": "6 years are sealed in the UK store; their Replay split is not built, so the as-of door answers not_sealed and the record is the live record as of 2026-11-06",
   "record_version": 1,
   "sealed": false,
   "store_years_sealed_not_served": [
    "2021",
    "2022",
    "2023",
    "2024",
    "2025",
    "2026"
   ]
  },
  "auditor": {
   "auditor": {
    "market": "UK",
    "reason": "none found",
    "state": "not_on_record"
   },
   "auditor_firm_id": {
    "market": "UK",
    "state": "not_on_record"
   },
   "auditor_location": {
    "market": "UK",
    "state": "not_on_record"
   },
   "changes": {
    "market": "UK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "cmr": "uk-cm-kg/LSE/THS",
  "coverage": {
   "count": 9,
   "houses": [
    {
     "analyst": "Sebastian Bell",
     "house": "Avior",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.tharisa.com/analyst-coverage.php",
     "state": "sourced"
    },
    {
     "analyst": "Richard Hatch",
     "house": "Berenberg",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.tharisa.com/analyst-coverage.php",
     "state": "sourced"
    },
    {
     "analyst": "Frederic Bolton, Raj Ray",
     "house": "BMO",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.tharisa.com/analyst-coverage.php",
     "state": "sourced"
    },
    {
     "analyst": "Nkateko Mathonsi",
     "house": "Investec",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.tharisa.com/analyst-coverage.php",
     "state": "sourced"
    },
    {
     "analyst": "Arnold van Graan",
     "house": "Nedbank CIB",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.tharisa.com/analyst-coverage.php",
     "state": "sourced"
    },
    {
     "analyst": "Rene Hochreiter",
     "house": "Noah Capital",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.tharisa.com/analyst-coverage.php",
     "state": "sourced"
    },
    {
     "analyst": "Peter Mallin-Jones",
     "house": "Peel Hunt",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.tharisa.com/analyst-coverage.php",
     "state": "sourced"
    },
    {
     "analyst": "David Butler, Gabriele Ejikeme",
     "house": "Tamesis",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.tharisa.com/analyst-coverage.php",
     "state": "sourced"
    },
    {
     "analyst": "Keenen Du Toit",
     "house": "Vunani Securities",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.tharisa.com/analyst-coverage.php",
     "state": "sourced"
    }
   ],
   "pages_checked": [
    {
     "page": "https://www.tharisa.com/analyst-coverage.php",
     "result": "read: 9 of 18 named houses found on the page"
    }
   ],
   "read_by": "Perplexity sonar (search) · page read by this rail",
   "read_date": "2026-11-12",
   "since": "not stated on the page read",
   "state": "found"
  },
  "disclosure": {
   "against": {
    "exchange": {
     "issuers": 892,
     "median_cadence_gap_days": 4,
     "median_filings": 29,
     "median_latency_days": 3,
     "name": "LSE Main Market"
    },
    "sector": {
     "issuers": 45,
     "median_cadence_gap_days": 7,
     "median_filings": 38,
     "median_latency_days": 3.5,
     "name": "Precious Metals and Mining [551030]"
    }
   },
   "by_type": {
    "agm_record_date": 2,
    "corporate_action": 6,
    "director_dealing": 3,
    "early_warning": 1,
    "financial_statement": 4,
    "regulatory_announcement": 20
   },
   "cadence_median_gap_days": 7,
   "filing_days": 34,
   "filings": 36,
   "latency_days": 17,
   "latest": [
    {
     "category": null,
     "date": "2026-10-20",
     "source": "https://www.investegate.co.uk/announcement/rns/tharisa-di---ths/tharisa-secures-early-renewable-energy-from-etana/9830665",
     "title": "Tharisa secures early renewable energy from Etana",
     "type": "regulatory_announcement"
    },
    {
     "category": null,
     "date": "2026-10-15",
     "source": "https://www.investegate.co.uk/announcement/rns/tharisa-di---ths/pgm-concentrate-offtake-agreement-with-valterra-/9823631",
     "title": "PGM concentrate offtake agreement with Valterra",
     "type": "regulatory_announcement"
    },
    {
     "category": null,
     "date": "2026-10-13",
     "source": "https://www.investegate.co.uk/announcement/rns/tharisa-di---ths/production-report-for-q4-and-full-year-fy2026-/9819089",
     "title": "Production report for Q4 and full year FY2026",
     "type": "regulatory_announcement"
    },
    {
     "category": null,
     "date": "2026-09-11",
     "source": "https://www.investegate.co.uk/announcement/rns/tharisa-di---ths/successful-pricing-us-300m-senior-sec-nordic-bond/9766631",
     "title": "Successful pricing US$300m Senior Sec Nordic Bond",
     "type": "regulatory_announcement"
    },
    {
     "category": null,
     "date": "2026-09-02",
     "source": "https://www.investegate.co.uk/announcement/rns/tharisa-di---ths/investor-meetings-and-senior-secured-bond-issue/9750534",
     "title": "Investor Meetings and Senior Secured Bond Issue",
     "type": "regulatory_announcement"
    }
   ],
   "latest_filing_date": "2026-10-20",
   "read": "the node's event lines (list_events_since), as get_filings serves them",
   "source": "https://mcp.uk-cm-kg.ai/events/LSE/THS",
   "window": {
    "from": "2025-11-06",
    "to": "2026-11-06"
   }
  },
  "identity": {
   "exchange": {
    "read_by": "LSE price explorer (exchange list)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.londonstockexchange.com/live-markets/market-data-dashboard/price-explorer (price-explorer feed api.londonstockexchange.com/api/v1/components/refresh, markets=MAINMARKET, categories=EQUITY, showonlylse=true)",
    "state": "sourced",
    "value": "LSE Main Market"
   },
   "isin": {
    "read_by": "LSE instrument reference record (exchange site)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://api.londonstockexchange.com/api/gw/lse/instruments/alldata/THS",
    "state": "confirmed",
    "value": "CY0103562118"
   },
   "jurisdiction": {
    "read_by": "GLEIF LEI record (LEI per the LEI column)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://api.gleif.org/api/v1/lei-records/213800WW4YWMVVZIJM90",
    "state": "sourced",
    "value": "Cyprus (CY)"
   },
   "lei": {
    "read_by": "GLEIF name-exact",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://api.gleif.org/api/v1/lei-records/213800WW4YWMVVZIJM90",
    "state": "filled",
    "value": "213800WW4YWMVVZIJM90"
   },
   "name": {
    "read_by": "LSE price explorer (exchange list)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.londonstockexchange.com/live-markets/market-data-dashboard/price-explorer (price-explorer feed api.londonstockexchange.com/api/v1/components/refresh, markets=MAINMARKET, categories=EQUITY, showonlylse=true)",
    "state": "sourced",
    "value": "THARISA PLC"
   },
   "sector": {
    "read_by": "LSE issuer profile (exchange site)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.londonstockexchange.com/stock/THS/tharisa-plc/company-page",
    "state": "sourced",
    "value": "Precious Metals and Mining [551030]"
   },
   "security_type": {
    "read_by": "LSE price explorer (exchange list)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.londonstockexchange.com/live-markets/market-data-dashboard/price-explorer (price-explorer feed api.londonstockexchange.com/api/v1/components/refresh, markets=MAINMARKET, categories=EQUITY, showonlylse=true)",
    "state": "sourced",
    "value": "Corporate"
   },
   "segment": {
    "read_by": "LSE price explorer (exchange list)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.londonstockexchange.com/live-markets/market-data-dashboard/price-explorer (price-explorer feed api.londonstockexchange.com/api/v1/components/refresh, markets=MAINMARKET, categories=EQUITY, showonlylse=true)",
    "state": "sourced",
    "value": "SSQ3"
   },
   "ticker": {
    "read_by": "LSE price explorer (exchange list)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.londonstockexchange.com/live-markets/market-data-dashboard/price-explorer (price-explorer feed api.londonstockexchange.com/api/v1/components/refresh, markets=MAINMARKET, categories=EQUITY, showonlylse=true)",
    "state": "sourced",
    "value": "THS"
   },
   "website": {
    "read_by": "LSE issuer profile (exchange site)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.londonstockexchange.com/stock/THS/tharisa-plc/company-page",
    "state": "sourced",
    "value": "http://www.tharisa.com"
   }
  },
  "licensed": {
   "columns": [
    "licensor",
    "entitlement",
    "title",
    "date",
    "source"
   ],
   "rows": [],
   "rule": "A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded."
  },
  "lifecycle": {
   "delisting": {
    "market": "UK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "domicile_change": {
    "market": "UK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "listing": {
    "market": "UK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "name_change": {
    "market": "UK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "segment_move": {
    "market": "UK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "market": "UK",
  "node": "uk-cm-kg",
  "numbers_hash": "sha256:d5b9ddc060b4edb788db458fe03c80117c3a2219475b121962413c34c029c530",
  "open_research": {
   "read_date": "2026-11-12",
   "rows": [],
   "state": "none_found"
  },
  "orderability": {
   "chapter_as_of": "2026-11-04",
   "client_categories": [
    "elective professional client",
    "eligible counterparty"
   ],
   "outcomes": {
    "elective professional client": {
     "determinable": true,
     "signal": "ACM-200"
    },
    "eligible counterparty": {
     "determinable": true,
     "signal": "ACM-200"
    }
   },
   "read": {
    "basis": "one live read per instrument class, halt state and client category on this market; this issuer's group",
    "chapter": "https://mcp.uk-cm-kg.ai/book/aio.json",
    "door": "https://mcp.uk-cm-kg.ai/mcp",
    "tool": "get_orderability"
   },
   "rule_version": "acm-68000/uk/product-governance-fca-prod-sourcebook/r1",
   "section": "uk.aio.v16"
  },
  "record": {
   "as_of": "2026-11-06",
   "url": "https://mcp.uk-cm-kg.ai/record/LSE/THS",
   "version": 1
  },
  "schema": "research-numbers v0.1 (USR-01, 2026-11-11)",
  "status": {
   "read_date": "2026-11-09",
   "source": "https://marketsecurities.fca.org.uk/officiallist",
   "value": "listed, not halted"
  }
 },
 "numbers_hash": "sha256:d5b9ddc060b4edb788db458fe03c80117c3a2219475b121962413c34c029c530",
 "path": "/uk/LSE/THS",
 "schema": "research-page v0.1 (USR-02, 2026-11-11)",
 "sections": [
  {
   "id": "identity",
   "text": "The issuer is THARISA PLC, listed on the LSE Main Market under ticker THS, ISIN CY0103562118, LEI 213800WW4YWMVVZIJM90. Its security type is Corporate, its segment is SSQ3, its sector is Precious Metals and Mining [551030], and its jurisdiction is Cyprus (CY). The record holds its listing status as listed, not halted.",
   "title": "Identity and listing"
  },
  {
   "id": "disclosure",
   "text": "The record holds 36 filings on 34 filing days in the window 2025-11-06 to 2026-11-06. The median gap between filing days is 7 days, against a LSE Main Market median of 4 days and a Precious Metals and Mining [551030] median of 7.0 days. The median latency from the latest filing to the record date is 17 days, against a LSE Main Market median of 3 days and a sector median of 3.5 days. The latest filing is a regulatory_announcement dated 2026-10-20. Filings by type are 20 regulatory announcements, 6 corporate actions, 4 financial statements, 3 director dealings, 2 AGM record dates and 1 early warning.",
   "title": "The disclosure read"
  },
  {
   "id": "auditor",
   "text": "The auditor of record is not on the record, and the auditor's location is not on the record. Auditor changes are not on the record, because the register has no lifecycle type map for this field yet.",
   "title": "Auditor"
  },
  {
   "id": "events",
   "text": "Listing, delisting, name change, domicile change and segment move are not on the record, because the register has no lifecycle type map for this field yet. The halt flag is listed, not halted.",
   "title": "Events and halts"
  },
  {
   "id": "orderability",
   "text": "For elective professional client, the outcome is signal ACM-200 and is determinable. For eligible counterparty, the outcome is signal ACM-200 and is determinable. The rule version is acm-68000/uk/product-governance-fca-prod-sourcebook/r1, and the chapter is as of 2026-11-04.",
   "title": "Orderability"
  },
  {
   "id": "coverage",
   "text": "The issuer's investor-relations page names 9 research houses: Avior, Berenberg, BMO, Investec, Nedbank CIB, Noah Capital, Peel Hunt, Tamesis and Vunani Securities.",
   "title": "Coverage"
  },
  {
   "id": "open_research",
   "text": "The record holds no openly published research notes for the issuer; none was found.",
   "title": "Open research"
  },
  {
   "id": "licensed",
   "text": "Licensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.",
   "title": "Licensed"
  },
  {
   "id": "depth",
   "text": "The vintage of the UK market is not sealed, and no issuer years are sealed. The market's earliest sealed date is not on the record, and the live record began 2026-09-11. Years 2021 through 2026 are sealed in the store but not served as of a date; the as-of door answers not_sealed.",
   "title": "As-of depth"
  },
  {
   "id": "sources",
   "text": "9 source pages are named on this page; every value above carries its own source page and read date in the numbers.",
   "title": "Sources"
  }
 ],
 "sources": [
  {
   "for": "identity.exchange",
   "source": "https://www.londonstockexchange.com/live-markets/market-data-dashboard/price-explorer"
  },
  {
   "for": "identity.isin",
   "source": "https://api.londonstockexchange.com/api/gw/lse/instruments/alldata/THS"
  },
  {
   "for": "identity.jurisdiction",
   "source": "https://api.gleif.org/api/v1/lei-records/213800WW4YWMVVZIJM90"
  },
  {
   "for": "identity.sector",
   "source": "https://www.londonstockexchange.com/stock/THS/tharisa-plc/company-page"
  },
  {
   "for": "the disclosure lines",
   "source": "https://mcp.uk-cm-kg.ai/events/LSE/THS"
  },
  {
   "for": "the halt flag",
   "source": "https://marketsecurities.fca.org.uk/officiallist"
  },
  {
   "for": "the orderability chapter",
   "source": "https://mcp.uk-cm-kg.ai/book/aio.json"
  },
  {
   "for": "coverage",
   "source": "https://www.tharisa.com/analyst-coverage.php"
  },
  {
   "for": "the record",
   "source": "https://mcp.uk-cm-kg.ai/record/LSE/THS"
  }
 ],
 "title": "THARISA PLC (THS) — research page",
 "writer": {
  "by": "Claude through the platform account, Haiku class; one pass; checked against the numbers",
  "engine": "claude-haiku-5-5"
 }
}