LONDON (Thomson Financial) - Traders dug into Thor Mining, 1-1/4 up at 7-1/4 pence, following
news of an off-take agreement with CITIC Australia Commodity Trading for its Molyhil tungsten-molybdenum project in the northern territory of Australia.
Again on the upside, Falkland Oil & Gas edged up 1-1/2 to 129-1/2 as widening full-year losses fell in line with market expectations.
The group's year-end cash of 12.5 mln stg will fund a significant proportion of the near term drilling, but Daniel Stewart points out that a fund-raising will most likely be required pre-drilling. The broker, meanwhile, maintains its 'hold' recommendation until a rig date is announced.
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