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I'm surprised the share price hasn't risen. Although Billing's departure is important to us on this chatboard, most people don't know, and are not interested. This is despite Nicole's PR, which is excellent.
One day, this will change, and the herd will arrive. And then we will be able to say, "we were there first."
If you bought under mid it will appear as a sell.
Cannot understand why only sales are appearing. I bought a lot at about 9.45am . Why are they not there !
I agree Potter would be a great non exec Chairman for Thor, but give he's trying to make $1bn for Artemis shareholders and investing for Metal Tiger not so sure Thor is high up on his priority list at the moment. We shall see...
Agreed I2. I think Potter would be the right person. They also need to appoint another NED with the contacts for JV’s etc….
Well Well Well - Bsg and Scorpio, you will both be happy today : )
Mick's retirement was never in doubt really. New blood in as Managing Director and shift of focus in the THR project can only be good for us!!!! All we need is good copper and gold prices and JVs to get the stuff out of the ground OR a miner to buy us out of the projects like the situation at OMI!!!!
Lets see what happens next : ) GLA !!!!!
I'd be happy to see Potter appointed chairman. He's a finance man, and therefore would balance Nicole, who's a geologist. The only problem is, he may be too busy (as chief investment officer of Metal Tiger, and chairman of Artemis).
Hi, Burleigh
It's Nicole, not Nicola.
Best wishes
Hi, Hoopy
My guess is that our non-executive director, Mark Potter, has been active behind the scenes. Artemis (of which he is chairman) has put money into Thor, and therefore has good reason to ditch Billing, and go for new management.
Milked it to death,. 13 years , Good salary, expenses, nice bit of globe trotting, , comfy retirement and achieved nothing.. Except a placing every 6 months.
I regard this as good news. Since June 2007 this company has been a calamity for the shareholders, so we're better off without him. How bsg will manage without his punchbag, I really don't know.
Presumably, the company will have to appoint a new (non-executive) chairman. Step forward, Gervaise Heddle, and rescue us in our hour of need.
in THRs history has just dropped.
I suspect PJ made it a condition of the Pilot Mountain deal.
Only way is up now!
Billings's is gone? I bet they're counting the silverware right now.
Ding dong the witch is dead !
bsg4 - legend mate you've won!
Will you buy some THR shares now?
Best of luck to him. We are where we are. I am feeling more optimistic than I did. I shall be waiting to see what comes next.
To be expected I guess and he's handed up to Nicole a pretty decent collection of assets.
If you don't hit the big one or get a JV/sale then for explorers placings are what happens and the point of listing.
Not sure if he had any big successes recently but the company is in good shape and it can be slowly slowly catchy monkey - take GGP or Eurasia Mining as examples - all been at this point not too long ago.
So Black & Decker Mick has hung up his drill bit. Was hoping for a bit of an uplift in the SP but early days tbh.
Added a few more this morning. ATB
2 September 2021
Thor Mining PLC
Director Resignation
The directors of Thor Mining Plc ("Thor") (AIM, ASX: THR, OTCQB: THORF) advise that Mick Billing, Executive Chairman has tendered his resignation from the Company with immediate effect.
Nicole Galloway Warland, Managing Director of Thor Mining, commented:
"Mick Billing has been very influential in the strategic direction of Thor Mining over a period of more than 13 years with the Company, and we have greatly appreciated his significant contribution. We wish Mick well in his retirement from the Board and his pursuit of his personal and business interests."
retired on a nice fat pension I expect. All those placings had to go somewhere, I guess. IMO.
Gone
Well they sold an asset but got exposed to 10 more via POW and all in gr8 jurisdictions.
Its absolute bs to say revenue is king for a junior explorer. Asset growth and big pay days is the motive placings are expected. Get back to Stockopedia and investing with Grandad they don't get it either or want any risk.
They cant sell the shares straight away must wait and then 25pc every 6 mths with lots of warrant options. POW are really hotting up going to be an intense year end.
The point of a deal is mutual benefit and think its good business. Lth were starting to say get the US moving or moved on. Perhaps hoped for a bigger fish but this way its more collaborative with a hungrier fish.
Morning All
We all kind of knew that THR had too many fingers in too many pies really. Selling an asset is better than yet another placing - bsg : ) - to raise money. This is a sensible business decision BUT next THR needs to get JVs in place for the rest and get the bl**dy stuff out of the ground and STOP just talking about it!!!!!
THR has so many assets. not easy to fork out funds to make progress in all of them.
i agree with THR decision to focus on copper/gold and uranium.
after all, with all green initiatives,/electric car, we need copper price expecting to rise even higher. and Uranium will be massive as well and will start making progress later this year.
with mcap only 12m, THR can rise multiple from here with just copper /gold and uranium.
lets someone else fork our the high cost to progress the tungsten assets.