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Not sure.......could be a technical glitch.
MM had fun there closed down 0.8%
How the hell did 14% of the value get wiped out in a minute????
Well the doomed, we are all dooooomed brigade are wrong hopelessly again.
None of us should be excited about this near 13% rise today; it’s where it should poxy we’ll be at anyway. For me it’s the right entry money; if it is still here on Friday then I’ll pre announce another little tickle.
IMO this should settle down now; what’s really exciting for today is the size of the buys that have been going through. Not your £30,40,50 A la GGP purchases but £2,3,4 and £5 GRAND”s worth; I’m more excited about that.
As I said before, 2-3p quick time and then 5-7p IMO.
D Y O R people remember that !!
Love low MCAP Gold explorers
MCAP only £13m....
Higher highs.....higher lows.
We should blow past 1.35p on this leg in coming days starting tomorrow
I reckon the market makers deliberately dropped the share price below 1p so they could load up on stock, and now will let this run to 1.5p+ on the back of upcoming news releases. Market makers will let this run now IMO.
FAO Fierce
Amigo flopped mate - The proposed issues we expected to win didn't and the founder of Amigo has been unsuccessful in taking control. Share price is down 16.5% as I type this but sentiment towards this company is good and we expect to see a steady rise in the next few months on good news coming out of the company.
1.6 leg getting underway.....
after the unnecessary drop from 1.35p last week.
Pilbara & Kapunda Gold news next.
1.02 paid
0.97 to sell moving back up
Moving back up now....back over a penny imo.
dyor.
gla
Bsg
Not sure why you obsessed with placing ?
Sir they just raised funds at Market price. Warrants @ 1p brings in even more CASH.
This should be back over 1p soon.
News coming soon. 5p before Christmas.
Looks like the placing shares are being mopped up today. The bod have been transparent with the additional shares/fundraising activities to follow with the pilbara drilling.
With warrants set at 1.0p anything below Is amazing value.
Strong hold - GLA!
MP this is THR thru' and thru'. Placing price soon.
Should not have dropped below 1p
About to pop.
dyor
gla
Clearly Oversold.
Dilution from extra shares was only 9.47%
30% drop is un warranted.
They are going to get very busy with Ragged range.
13km strike length is pretty substantial.
Additional highly prospective acreage in Pilbara would be welcome to.
Both my BUY orders went through below mid just under 0.90
Showing as a Sell....think MMs grabbing few.
News incoming I think.
The last paragraph in particular
Through this RNS; when DYOR this is what you need to read carefully and then make your own decision.
1st JUNE 20/20
· The Company has raised gross proceeds of A$700,000 via the placing of 140,000,000 new Ordinary Shares at a price of A0.5cents/share ("Placing"), and A$130,000 via the conditional placing to Metal Tiger PLC and subscription by company directors of a total of 30,000,000 new Ordinary Shares, also at a price of A0.5cents/share ("Conditional Placing").
· Strong support was also received from a broad range of new institutional and sophisticated investors in a heavily oversubscribed placing, significantly strengthening the Company's share register.
· Company directors Mick Billing & Richard Bradey each to invest A$10,000 in the Conditional Placing subject to shareholder approval.
· Metal Tiger PLC, the largest shareholder in Thor to also invest A$130,000 in the Conditional Placing subject to shareholder approval.
· In further support of the Company, Metal Tiger PLC has, subsequent to the closing of the Placing and Conditional Placing, agreed to invest a further A$120,000 on the same terms as the Placing to accelerate the Company's projects and provide further working capital ("Additional Placing"), also subject to shareholder approval.
· The vendors of American Vanadium Pty Ltd and their associated parties are subscribing for A$200,000 in the Placing, reflecting their strong support for the project under Thor ownership.
And the reply from black cat
Hi Rubiconis In the exploration business advances in the understanding of how and where gold deposits may be located dictate the manner in which you should explore and the terrains where you are going to get the best bang for your buck.
Only five years ago the Pilbara was not considered a very attractive place to prove up a significant gold deposit. Some 150 years of exploration had never produced a gold deposit in the Pilbara similar to all the big discoveries in the Eastern Goldfields.
Then along came the conglomerate gold frenzy with Novo Resources leading the charge based on the theory the Pilbara represented another Witswatersrand similar to South Africa. During that time I and many other companies moved aggressively on areas that had Mt Roe Basalt and Hardey Formation contacts. The Ragged Range tenements we sold to Thor had some of the those rock types but also contained very prospective Euro Basalt - ultramafic settings similar to the GGP discovery abutting both E 46/1262 and E 46/1190.
The mafic -ultramafic gold settings still have a lot of potential and Thor is aggressively pursuing that objective -to try and locate the source of the gold in streams. Hence my comments in that respect.
Now if you did any research you would understand that in the last year or so De Grey have made stunning discoveries in completely NEW geological settings -granite intrusives -in the Mallina Basin - a setting never before witnessed in the Pilbara.
So after 150 years the Pilbara is indeed able to boast the same potential as the Eastern Goldfields and that has been the catalyst for an exploration rush to position in areas with similar Sisters Supersuites or similar geological settings. De Grey now have a multi billion dollar market cap.
Thor have a very exciting project in conventional mafic -ultramafic rock types but all the excitement and the ability to raise significant capital is focussed on granite intrusives and that is why in my opinion Thor should be aggressively expanding its exploration footprint in the Pilbara -not just resting on its laurels with Ragged Range.
Interesting question on and answer on Hotcopper
Hi Black Cat. So, yesterday I began my research into Thor, stream sampling and using that to zero in on a potentially economic, host mineralisation drill target is very interesting.
Then I came across this thread. So, out of sheer curiosity, and an abundance of caution, I would like to ask...why did you sell it then? I mean, if there truly is the value that you believe in this patch of ground, why not develop it yourself? Surely, the gain would be significantly greater, no? Hope you don't mind me asking.
And secondly, you mention DEG a few times, in relation to the similiarities of the mineralisation type? Something about it's understanding being only 150yrs old? What is this about?
And lastly, if you don't mind, what had you so convinced? And why did all the geologists in London laugh in your face? They simply didn't understand this deposit? Not well-educated?
Thankyou very much for your time. Cheers.