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All that is spending money. You need good results from one of those to make SP go up in long term, not hype. So far for the last decade it's been hype. It's all prospects and potential at the moment. I know there's a speculative portion to any share but this has been trying for 10+ years with no real success. Maybe that will change but it hasn't yet. IMO.
My view on our dropping share price is that there is a seller keen to get rid of their shares at all cost, the most recent person we know reducing their stake was Paul Johnson. who last TR1 dropped to 2.99%. He is director of POW and i wouldn't be suprised if he wants to focus his resources there rather than here. Now hes quit thor before and rejoined because he too thinks theres potential here but he also does not like how THOR has treated share holders in the past including himself.
Thats my theory of whats going on.
Could also be a bit of MM background games.
because the use of the placing is likely to drive up value of the company.
In the placing RNS
"This is a great outcome for Thor Mining as we plan, in particular, for an intensive program of exploration at our exciting Ragged Range gold & nickel project"
"In EnviroCopper Limited , we are looking to support further exploration expenditure which is to be devoted to a drilling program focussed on further testing the gold potential of this deposit."
"We hope also to carry out a maiden drilling program on the recently acquired uranium and vanadium prospects in the United States."
"We are very pleased to have ongoing support from the Company's major shareholder, Metal Tiger PLC, and welcome new shareholder, Artemis Resources Limited, who recognise the potential of our Ragged Range Project."
Again the board were happy to place @ 0.6p so why at the moment is it worth more than that?
Somewhere it said they had a bit of magnetic from someone else. If that was good why sell it?
they also have other sites which they are working on but particularly im interested in ragged range
so ragged range is close to GGP,
The most recent RNS has confirmed there are some good gold finds 2.2g/t was the best and we are still awaiting magnetic results which will suggest drill targets.
In sept there was a placing for 1mil and since then they have recieved a further 200k in royalty sell. They have recently announce expansion of ragged range and a copper field in kappunda.
They have paid for half of this with future shares at market value
Below the last placing price. IMO. (0.6p)
Curious to know how much you think it may drop BSG - it's now showing at 0.944, so you are right - at least momentarily ;)
is that for real gkb or are you seeking to yank the newbies chain??? Kudos if so :)
Thanks RZ, I would never make such an assertion to the soundness of an individual's mental faculties ;) .
I would never expect advice, just wanting to compare notes. I am right in what I have read somewhere the THR are a physical neighbour of GGP? Thanks for your help.
TommyThedog, you make an interesting point, it does look oversold and reaction to recent market news was a surprise. I won't tell you what to do with your money but i will give you a heads up read through bsg4 past posts, hes got a few loose screws.
bsg4 is paid by the MMs to de-ramp this share. He doesn't have an agenda, just doing a day's work.
Don't take any notice of him
I'd wait, I think it has further to drop. IMO.
thanks for taking the time to respond. Haven't come across such an indicator BSG4. In all honesty this is more about price action than fundamentals as indicated earlier and have already made a few tentative bets on this.
HL now asking for 0.9545 for 100000 shares, bid/ask now 0.9 - 1.0
small fry I know to some of you LTH here but to be honest I see this as a punt at this time. This is no GGP ... or is it ... sensible answers please :)
GLA
Not I, could it be oversold because the company is pants? They need to focus on a single project and get it to producing cash. It's been going on a long time flitting from project to project. Lifestyle company for Mick. IMO. Is there a technical indicator for a lifestyle company?
As a newb I'd like to compare notes ... In short it according to the RSI indicator this share is being seriously oversold (just looking at the trades over th elast few days may suggest that too). Also the price has lived below the EMA50 indicator for the last week. I am interpretting these (regardless of company fundamentals) as buying indicators.
Thoughts ...
if he wants friends he needs to learn to play nice
Roronoa, I guess he's lonely as he keeps coming back here not invested, wanting some attention. Poor guy.
Don't worry we are here
bsg4 what is your agenda?
Those results were disappointing though. As I suggested they would be. Standard THR, I'm afraid.
Where has everyone gone, sold out?
https://twitter.com/MickBilling/status/1334086926811369472?s=19