The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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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!?
i have this as multibagger potential this year. yes, we are down but with busy period later this month, now is time to buy.
Done the same.
Absolutely nothing has changed. Sp bubbling along same level for months. mm making money hand over fist by opening the spread as they see fit which kills off any rally in either direction.
Still happily holding awaiting real news.
Mullins. My personal view is I like the portfolio enough to wait it out. An explorer is an explorer
Naise, well done. ATB
Mullins. I have done that a few times at this level.
The next placing will be very interesting.
Added more today. ATB
bsg. As nurse might say in Dysentery Ward. I want to see something solid.
Welcome to THR, nothing but disappointments.
Yep, I have to agree. SP hasn't progressed within the last year, in fact it has gone down. I reduced my holdings over recent weeks down to 2.8m now. I'm prepared to give it until the rest of the year though to at least get it back up to 1.2p. Disappointing I'm afraid
I am starting to lean more to an opinion in line with bsg's comments.
I agree black & decker billing needs to invest in at least 5 million shares out of his own pocket,
Mind you so do Paul and Nicole to,
Nice one Hoopyhoop
to say au revoir to Mick following the latest appointment of Paul Wittwer and previous appointment of Nicole.It would be good for the Board to point out exactly what Mick brings brings to the table for his salary.Dare I also suggest that this would be a good time for Mick to show a vote of confidence in THR and put some of his considerable past salary towards a meaningful purchase of THR shares on the market(rather than just accept the share placings as has been the case so far?
https://www.mining.com/goldman-recapitulates-5-a-pound-copper-price-by-end-2021/
Although, you have to spend money to make money but THR only spend money (so far)!