Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
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Lifestyle company.
The problem with Molyhil is that it`s too small a project for the large companies to bother with and too big for the small companies to finance. Whilst its viable commercially its difficult to finance or find a partner .I thought the Bonya addition would tip the balance as this could extend the life span of the mine by another 18mths to a year. Perhaps now this latest developement with the Northern States initiative will be the answer to Mike`s prayers. I accept your view but beg to differ on prospects here
Every exploration company has to raise money through placings as they have no other source of income. Drilling isn`t cheap so how else woulld Mick pay for the drilling? Once the market gets wind of a placing the shares are sold prior to the placing driving the price down. A good example of this is the last placing by UJO which dropped nearly 50% before the placing price was fixed. You and others blame Mick for presiding over a company which has to dilute to exist. Once the projects reach the stage pfs which less face it is not very often capital becomes easier either by a joint venture or buy out. I agree with you that these investments are a gamble in the early stages but can develope with success into a long term investment . I`ve been invested in GGP for 2years which I now regard as a long term investment . Initially it was a gamble at 1.8p I agree . I think Mick has accumulated some good prospects and now base metal companies have started to gain interest I believe Thor will attract its share of new investors.
JR. People who invest in AIM exploration companies should know the high risk attached to such investments and don`t normally hold for long term. Like most investments it`s a matter of timing, you try to guage when the price looks attractive and follow its progress . I wouldn`t watch a share drop from 4p down to 0.4p, and not many others would, as you are suggesting as there would have been signs along the way that all is not well. I did very well on a previous venture into this share, in the days of Paul Johnson I believe and sold not at the top but not far off it. The time looks about right at the moment in my opinion for another punt .We have sufficient cash assuming the Spring Hill royalties deal goes ahead to see us through to the end of the year. Kapunda looks interesting, again being financed for us. The last few years has been dire for base metals but that is now changing . Copper which was on the floor earlier in the year has now turned following on from the precious metals gold price which is now about to break a new high. You must not assume everyone invested in this share is naive or stupid . It`s a matter of judgement .
We don’t understand your need to waste time on a share and director you have no money or faith in! I am sure if any of us took your advice and sold we would (in the main) leave this board well alone and enjoy life doing something else. You **** off this share whatever happens, good or bad, thank you for your advise but no thanks !! My advice to you is spend more time on the shares you own and then you will be happier goodbye .
jr934 - why would mollyhill be awarded major project status then?
Thank you for your investment advice but I think I`ll stick to what I`m doing. I`ve been investing for over 50 yrs now and have what I consider to be a fairly good track record . I see value here and with the guidance and support of MTR I think it`s worth a punt.
so the derampers are ****ging the boss but not the mineral resources well if that all they have its a good sign for me
main results before end month
You could be right copperman . Uranium and vanadium both in demand . If they can also get finance for Molyhil which looks a possibility through State aid it would make our Market Capital of around £5mil look grossly undervalued. I don`t go along with the comments regarding Mick it`s not easy for small explorers to raise cash in the existing climate and I will continue to support him.
Mick will milk it to its maximum. Then switch to a new project.
Sounds like the uranium assays will be a "home run", "knock this one out of the park", unless I am reading the press release incorrectly? Have the Thor team pulled a rabbit out of the hat?