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Ah yes lutho. I do like yellow cake it's on my watch list. Been meaning to add it to the portfolio for a while. But then get suckered into others and always gets put on the back burner. I really should add it tho. You in yellow cake lutho?
Chickenlegs. Have a look at Yellowcake (YCA) for an interesting play on nuclear/uranium.
I am new to Thor in the last month but it has projects that excite me in resource areas that demand will be strong over the next decade. It gives me the exposure to uranium/ vanadium I have been after. I personally wanted to have a nuclear angle somewhere in my portfolio and I feel Thor gives me this but obviously has other resource factors such as it's copper, gold and tungsten going on also, so for me I think it's worth an investment.
TommyTheDog I am also invested in GGP and this was the other company I looked at which I think can have similar growth next year.
im already in greatland gold (GGP) and wanted to find another company that has good potential
No ...it should be a simple equation... gold rises ... other metals follow ... thor follows on fast
But as we know things are not ways so cut and dry
I am in with millions TommyTD. Commodities are best for crisis and especially copper is corelating with the inflation. This will be one of the best 2021 shares imo.
... Im just wondering if anyone on this board or elewhere has looked at the technicals of this stock. I'm a newbie to this stuff and was looking for a more seasoned view to my somewhat naive and optimistic reding of the chart. Thanks in advance
Really starting to like Thor now ! Took a punt on it due to gold assay results but it has far more in the locker than that , no one trick pony !
We need to break the 1.30p resistance and hold....let's hope that it can be done today....
The last trade went through was @1.28p...so here again, it rocks on!!!..
Thank you. In that case the additional stake is not “new news” so already in the price. In theory at least!
Read it again and same. It was an extra earn in agreement they paid and provided notice just means they have given a nudge to get the shares issued to THR by Nov 16.
Check out the company web site regarding EnviroCopper
https://www.thormining.com/projects/copper
They have about 120,000 tons of inferred and indicated copper resource (from 47mt). As this is just one of several THR projects it is definitely worth having in relation to current market cap.
I read that it was part of the original agreement once paid up it could increase stake to 30 percent just needed to provide notice.
I suspect/hope that someone better researched than me will post a response here, perhaps about the terms of the original earn-in agreement.
My point is just that it is hard to evaluate whether the additional % is good or bad if you don’t know what it cost..!
Maybe email the company
The slightly curiously worded RNS doesn’t seem to include detail on what Thor has paid for the additional holding. It says the company has paid the final ($185k of $400k) tranche of the agreement, and has then provided notice to ECL to exercise its right to increase its holding (to30%). Are we to assume that the increase is free? If not, why wasn’t it just included in the original %? Odd.
Nice, the good news keeps flowing !!
They know what's coming.
And iymt isn't a retrace downwards.
:-)
Hopefully that will bring us back to 1.30+
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02307340-2A1262911?access_token=83ff96335c2d45a094df02a206a39ff4
The 18million shares added today was only 1.2% of the total shares issued but the SP lost 9.8%. kind of really over reacted indeed. Need to work harder to break the 1.30p resistance....
Shocking service. Very frustrating.
Application will be made for admission to trading on the AIM Market of the London Stock Exchange ("AIM") for a total of 18,000,000 Ordinary Shares, which will rank pari passu with the Company's existing issued Ordinary Shares. Dealings on AIM are expected to commence at 8:00am on or around 10 November 2020 ("Admission")
https://www.lse.co.uk/rns/THR/us-uraniumv8anadium-project-milestone-shares-uk8hbu53ptkzejn.html