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We will see!
they definitely won't.
I think you will find Metal Tiger subscribe. I certainly would if I was them.
It will be interesting to see which companies take up the new shares; presumably, not Artemis or Metal Tiger, both of which sold recently.
Looks like the link is too long for LSE to cope with. In that case here's the link to Energy Fuels, govto the Investor page to read their latest news release. Apologies for the duff links earlier.
https://www.energyfuels.com/
https://www.energyfuels.com/2022-11-14-Energy-Fuels-Executes-Definitive-Agreement-to-Sell-Alta-Mesa-ISR-Project-to-enCore-Energy-for-120-Million,-Facilitating-the-Companys-Plans-to-Accelerate-Both-Uranium-and-Rare-Earth-Production
Sorry link didnt work, try this one. https://www.energyfuels.com/2022-11-14-Energy-Fuels-Executes-Definitive-Agreement-to-Sell-Alta-Mesa-ISR-Project-to-enCore-Energy-for-120-Million,-Facilitating-the-Companys-Plans-to-Accelerate-Both-Uranium-and-Rare-Earth-Production
Interesting news release from Energy Fuels, mentions utilising Urananium production at their White Mesa Mill.
https://www.energyfuels.com/2022-11-14-Energy-Fuels-Executes-Definitive-Agreement-to-Sell-Alta-Mesa-ISR-Project-to-enCore-Energy-for-120-Million,-Facilitating-the-Companys-Plans-to-Accelerate-Both-Uranium-and-Rare-Earth-Production
Mark McGeough investor presentation discusses Uranium exploration in the USA.
https://thormining.com/investor-updates/investor-presentation-broker-briefing-november-2022/
Need a REAL justification for this raise at this specific time given their press releases within the same 24Hr period, not in the least impressed or motivated (Will dump below the .38 you have the weekend to to impress otherwise.)
Im wondering whether to move in for a million more shares next week when they relist on the ASX
It's good to see some buys coming in. The share price has held up much better than I expected. Any good news, and we'll be back up at 0.5, no problem.
Agreed. I presume that the geiger analysis will come out first followed by the assays.
Buys are being marked as sells.
Uranium results due early December apparently
I should imagine the raise will be around 0.7 cents. It’s clear to me the company will refocus as a uranium play going forward. Results due from the drill program must be due soon
Hi, Beau
If you look at the trades going through, the spread is certainly not 28%. People are selling at 0.399 and buying at 0.4233 (which is about 6%).
Buying after a fund raise usually works out well. The share price staggers sideways at the level of the raise for about two weeks, and then starts to recover. The problem today is that we don't yet know the price of the new shares; so if I was going to buy, I would wait until Monday or Tuesday, when we will have the info.
As painful as it is there is progress.
All eyes on ragged range.
From looking at the price action in POW over the past few months, the main reason why the POW share price is not much closer to 2p is because Thor Mining have been selling down a significant chunk of their POW holding. From the quarterly report dated 30/09/2022 Thor's holding dropped from 52.1mil to circa 35mil. A new batch of POW shares became available to sell from 31/10/2022 onwards so I think we can assume some of those shares are being sold down too.
Thor paid £925k in an equity deal for Pilot Mountain and they have raised a few times over th e past 7-8 years to push the project on. Selling POW shares at circa 1.5p a share would bring in circa £750k and therefore crystalise a loss on the project. I guess Thor still hold 12.5mil 4p POW warrants moving forward, but it doesn't look great especially when members of the Thor board are talking quiet loudly about the importance of Tungsten assets.
Agree with a few posters on here that POW are pushing on quickly and it would be good for Thor to keep hold of at least some POW shares. I feel this may be the case moving forward on the sale of some of these POW shares was simply to keep the lights on before the raise was completed.
Assuming Thor can only raise at 0.3p, for every £1mil raised at these levels would equity to 333mil additional shares or circa 17% dilution. A tough one to take for current shareholders.
Down another 11% as I write this and a massive 28% spread.
Hardly a tempting backdrop for new investors.
There is a strong possibility that the expected newsflow at POW will send it's share price substatially higher, in my opinion to sell them now is reckless. The raising of funds now, even just to negate that senario is positive.
Is the CR a bad sign for upcoming drill results? If they expect great results, raise after them...if poor raise now...
...only my opinion, still holding long term.
Perhaps Nicole intends to hang on to some of those POW shares for a few months, given the newsflow there.
I was thinking around that figure dcgc, proably best to get the raising out of the way to remove any financial uncertaity. If the uranium prospects or ragged range are fortunate enough to be proven up then it won't really matter what price the funds are raised at .
Only just bought in and THR sp continues to slide! Did I jinx the stock or is it the usual story of small thinly traded mining stock? Fortunately my stake a modest one but it is still annoying given I did some research and took a look at THR on the FT site etc. Wait and see.....