Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc. Watch the full video here.
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TrekMadone
You are defintely right that in the July 2021 presentation they say they have $1.1 mln cash, and then at the end they state they are "Fully Funded -Focussed on copper resources, plusgold & uranium discoveries....". Complaints are certainly in order.
This placing, thankfully at a relatively small discount, tells me that the new exploration manager may have not considered the company fully funded, and is keen to get more drilling and studies done. Fingers crossed that is the case now the company have doubled their cash reserves.
Z
It's probably time for them to buy some more (5th rate) claims to keep their pipeline going. Drill and place. Lifestyle company.
Explains the drop yesterday with front selling by the MM’s more than likely. The problem with Thor is that they always like a big discount to the SP on a placement. I will hold but have no intention of topping up, I made that mistake before.
I must say when I saw 0.65 I thought yer thats ok. Could of raised a few months back higher. I just want to see them deliver now and catch more attention
There's the first placing, earlier than expected. Although that's always been the way. 0.65p is a good price for THR, it's normally at a deeper discount.
I have no problem with the company raising money. It’s why they come to market. What I do have a problem with is putting a ppt out saying fully funded at the same time as they are raising funds. That should be viewed as a crime, enticing buyers under false pretences.
Trek
Hi, bsg
What you need to bear in mind is that the past is not a reliable guide to the future. "Past performance is no guarantee of future results." GGP is a clear example; after a decade of decline (I know, because I was holding it), it rose from 2p to 35p in 2020; and then this year, has performed dismally, down by 50%.
So the fact that Thor has performed badly in the past, tells us exactly nothing about the future.
Best wishes
I thought it was a good piece. Especially for new investors.
The fact that it wasn’t paid for by Thor nor did the journo hold any stock gave it a bit more credence.
Trek
Ah well it has only been in the ground for how many millions of years, whats a few more million years.
Yes, always jam tomorrow with THR. Been hearing good vibes about test results etc for years but a drill never actually goes into the ground. By the time they actually mine anything the commodity prices will have slipped back again.
Where have all the rampers gone. Sold out I guess.
They say that all the time and fail to deliver.
Unless its a placing of course
I2, I'm afraid it's been like that for the last 10 years, unloved. Each to their own, I guess.
Busy for months coming up for Thor.
https://twitter.com/theminingmaven/status/1423602918616354819?s=19
Hi, Musicman
I don't see the problem. This share is completely unloved; nobody cares about us at all. So it's obviously a good time to buy.
Best wishes
... sorry, IMO.
I'm surprised at how well the price is holding up, I guess it's due to the 'free' money they have had recently. A bunch of, at best, 4th tier assets and multiple placings to come should see normal business on the sp resume. The next rinse and repeat cycle is in full swing, although now with new people at the helm. So possibly it could go on for a long time to come. We will get the next lot marveling at the low market cap ...
Hi, Herne
Thanks for mentioning this. You're quite right; I hadn't noticed that Ray Ridge is the CFO of Southern Gold. I suppose the unanswered question is, why would Wittwer want to leave Southern Gold for Thor? And is his move connected to the departure of the managing director, Simon Mitchell?
I hope everything's OK at Southern Gold, as I have some MTR, and therefore an indirect interest.
Best wishes
blue
Impecunious2. Yep landing something worthy would boost my confidence in this company, that my original gut feeling may be eventually be right.
Here's the bio of Wittwer from the Southern Gold website (which should be updated, as he's no longer employed there).
"Paul Wittwer is a Geologist with over 15 years’ experience in exploration, mining and resource development. He has worked on Gold and Copper Projects in South Australia and Western Australia, low sulphidation epithermal systems (Eastern Australia, Thailand) and high sulphidation epithermal systems in Chile. Mr Wittwer has a broad experience of the full resources cycle, having performed both Senior Exploration Geologist and Senior Mine Geologist roles, taken exploration targets through to full production and reconciliation and was involved in the approvals process for the start-up of the Tarcoola Gold Mine. Mr Wittwer is the Competent Person for Reporting of Exploration Results."
I like the idea of taking exploration targets through to full production. The sooner, the better. We need to have an income; it doesn't need to be much; just enough to cover the salaries and the exploration costs.
Ray Ridge is also on their board.
I think one of our non-execs, Mark Potter, may have had some influence on the appointment of Paul Wittwer as exploration manager. Potter is the chief investment officer of Metal Tiger, which has a substantial holding in Southern Gold, which is the company that Wittwer has come from. Southern Gold may have a problem, as the managing director announced his departure at the same time.
The spread is slightly less fearsome than it appears. I bought 1,304,440 at 0.766.
Best wishes
Surely not!?