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In this market all my explorers are gold, seems the only way to make a buck or two. That moly deal and if it’s a good will be the igniter for this stock but I admit I got it wrong on the timing...badly, the ongoing trade war is the issue IMO. I just have that feeling you know it will turn good.
i guess your not going into another exploration comp in an hurry,unless its for just short term trading,with a small ammount of cash i ;earned the hard way,8/9 years ago with bmr,ore and rrr. at one point,rrr had an mcap of nearly £100,when it hit 18p,now its worth a fraction of that,i havnt looked,a few mill probably.
My experience guts tells me to hang in there but my financial nuts are telling me to get out, the dilemma! We have good assets and I feel we are getting screwed to the gunnels on a deal, our saving grace is tungsten is on the turn that’s for sure. I don’t like this equity raise at all or how easily we are manipulated in the background and I don’t think Mick likes it one bit as well. Just got to wait it out...GL to all of us !
No fan of A. Neal but he does make it pretty clear. A raise in the near term was always on the cards , so hardly complete speculation . All the RNS did was force the price further down and was a disgrace in my book.
Johmson invested £300k here - his own words not mine and well over 1p . AGM wil be a bit of a show down between the board and the HNWI behind Thor in my view. Alot depends on exactly how close Billings is to closing out a deal . But there is still a difference between a deal and a good deal
FCA Tweet 'Don't let a scammer enjoy your retirement. Find out how to protect yourself from pension scams.' Reaction to this from Andrew Neal on Twitter- Does that include weak CEO’s who capitulate to new brokers who trash the SP with ‘we want a lower placing price’ & create speculation forcing an RNS to further weakening the SP = short position covered
Roll on Nov AGM to remove old guard with no balls who’ve destroyed LTH. I wonder who he's refering too?
The more you look at Thor the greater the copper projects look, my worry is although there is plenty of copper in these projects it is the extractIon rates that would repress my enthusiasm, however we are a small company so could be very profitable.
i was just pointing out,some of the assets have matured well past exploration stage and are worthy of being sold....so not worthless molyhill being the main one,,,,,,https://www.youtube.com/watch?v=PCaEgWVhWLg even with a short 6 year mine life,which can be extended,especially with bonya . as for the bod/cash calls....no comment?
Hi T, I live in Oz so catching on an earlier post. I had a disclosable stake in WRES in 2014/15 but lost confidence in MM with the Bergen affair. Any way c’est la vie. I moved on. I hope it comes good for you.
Hi T, the assets are not big enough to attract finance of any sort. They have tried the beauty parade and have had no takers. Shame but that’s the market we are in. Also mine life not long to justify the project without a further extensive drill program. The shell will become interesting but only when the Board have been fired or if they have the good grace to resign. Not sure MB has that in him though. His flitting around the World on shareholders cash is absolutely shocking and smacks of a cost structure out of control. I was offered shares in the placing but turned it down. Could not see the point unless MB et al went!
your right,i forgot about that,the mine lifes only around 6 years.... . but you'll find every exploration comp is the same an exploration programme then 6 months later,a 10% casg call. repeated for years,until the assset is sold. . that;s the thing,many newbies dont realise this,so after a few years,the sp is continuously being dilluted....lower. . and obviously,the more assets to service....the more the cash calls . anyway,from a traders perspective,theres good money to be made,but only if you can catch the lows.
ime not disagreeing with you on the dodgy goings on,by exploration comps and some of the suspicious actions that go on... but some of the assets are very good,not many,but take mlyhill for example,about 18 months ago,the sp 8 bagged on the sale/funding news.. and theres a pdf somewhere,in the archives and i cant remember the details,but the payback and profit projections are pretty good. sml also have a tungsten mine of similar size and grade,with a more expensive pdf. the coppers ok,but unaffordable the golds early stage,and will cost a bomb to drill the nickels not up to much, the lithiums,ok, the last two asset purches wernt up to much copper mountain is good and worthy of a sale. . so asset wise.....thr does have some worthy assets.....if they went up for sale. which is why i got in here,the moly sale . but like bsg keeps mentioning,ive been watching this for 10 years and its been dilluted to death...0ne year,this had 4 cash calls?
PW, the projects were clearly too small and with current market conditions did not attract any interest. Molyhill needs a lot more drilling but without an off take and virtually no funds this will not be done by THR! As you say RIP! There is now the chance to get rid of the two Directors at the up coming AGM and table a vote of no confidence in MB!
What’s getting my back up is they can’t even get Molehill up and running and now they are banging on about a Mountain, Pilot. I am preparing to write off my investment as well but Mick needs to go with it, it sure looked good on paper though such a shame.
A1M I presume THR are having problems getting the placing away otherwise we would have concrete news by way of RNS by now. I am sure that a number of posters here have already been contacted by the placing brokers and know the price of the impending placing. Clearly there is no white knight or off take agreement or financing that MB alluded to all those months ago. If the Board of Directors do not subscribe in this placing then that is very very poor. I guess the traders will now get hold of this. The assets are obviously not attractive. So what will the placing money’s be used for? I have now written off my holding. A risk of investing in AIM! Anyone buying now caveat emptor!