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Exploration companies need to have multiple projects / tenements. That's how it works and when one comes good you make 10x.
Often when new opportunities purchased by THR it means the current lot are dead ends and Mick needs more excuses to place and drill....
121...I have a sneaky feeling your onto something.
Good news imminent on survey I think.
(Hope)
Gkb47 I think ragged range is basically nearly there and in my opinion I feel that they are are making arrangements for drilling there with potentially having income to fund this project.
Just my opinion
Could proove to be a masterstroke decision, If they've got the gold results and can see how much money they could make I can then see why they will be looking to increase exposure to copper. Gold and copper and rising substantially and I look forward to what the next year brings!
It's a very cheap IN. Low initial cost to securing rights.
Can always walk away if money becomes tight. But if pilbara or elsewhere works out shorterm, they can fill their boots.
Happily holding.
Looks like a good acquisition and super cheap considering what is already there...
More plates to keep spinning!
Well the RNS reads well, maybe there will be a decent surge this morning. Fingers crossed
Great strategic move. Let's see this fantastic news get reflected in the SP.
Mick is on the charge again :-
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20201120:nRST0192Ga
RNS out..
It's like waiting for Christmas haha
Neither!!!!!!!................How about 4.35% down until the last minute and it ends up evens. This is a weird share, but I love it and am holding on to my 3.75m until it hits 4p minimum, and then I'll consider my options
Over 1.4p today?
Under 1p today?
Hello my friend, sorry to hear that you had a horrible day with your investment. it's also a bad hair day for me too, lol
Only 2 out of 12 shares I hold were blue. All the rest were murdered. But let's hope that tomorrow will be a better day (but usually Friday is always a profit taking day.... hahahaha).......
Have a great evening!!....
Evening SIDI - How's your day been chum??? Apart from this I'm all in the red today : ) Not by much though!!!
After all day in red, it managed to close unchanged. So the UT trade has saved the day once more.....lol
I think MTR were ****ed with this placing. They had no option on price, that's all they could get. Desperate! So they got as much as they could to keep the lights on for as long as possible, instead of IMO focusing on one project, any project and getting it across the finishing line.
I think the 1.2B FOR 300k was after a couple of 100k placings. So why place so large at the lowest price possible?
BOD always knows they can offer themselves some cheap options along the way. Most of the shares the BOD have, have been purchased in these bargain basement placings.
Directors putting their own money in
They won't want to dilute themselves unnecessarily
Just showing in the past how easy they diluted holders to oblivion. Probably happen again soon. IMO.
So Thor did a placing 4 years ago? Fascinating...