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Finally, a decent RNS.
Plus, MTR have a decent Geo on board. I guess this will help keep MB on track and bring things to fruition. Fingers crossed.
Could steel some movement today.
GLA
doubt that very much
Most likely Bed and ISA...
Someone bought 536200 at 0.3174p 8:16 sold 14:24:42 sold for 0.3006p
Probably Hybridian were embarrassed about the next placing.
Unable to complete some corporate activity on acceptable terms ? Spring hill ? MH ?PM ?
Thor have got rid of Hybridian as a broker. Interesting development.
I wonder if they’ll appointment PAC Securities as joint broker? They brokered the current placing in Australia.
No the placing was to for Mick's emolument.
Can't afford a Black & Decker, it'll be an ALDI special offer.
Aussie gold stocks going ballistic in the Pilbara -DEG -KAI -CMM- GSM-AUC -RXL -MHC -AUT and a hundred others and Thor chasing uranium . Beggars belief -noone gets it in the UK - apart from GGP and several others just lifestyle companies.
You should take Mick out pegging ground Ken if your not Ken still get him to take off his slippers and get out pegging ground.
Whilst Thor and MTR and most UK stocks slumber the ASX gold stocks are going ballistic. Have a look at RXL - RMS - AUC and maybe fifty others. FFR is a good example up 125% on a gold acquisition. Yet Thor focus on uranium - quite frankly it beggars belief. Why am I here -well I have dragged Mick kicking and screaming to Split Rock and eventually as the Capricorn Metals story unfolds at Karlawinda he will have no option but to admit he should have been there over a year ago -and the West Aussie gold rocket :-) Then one day I can cash in my 6 million warrants !
THR is a proof one should first and foremost invest in the persons/directors running the company.Mick has not changed all these years and company is nothing more than lifestyle financing vehicle for him.back in 2013 when i was invested i called the NOMAD and expressed my concerns regarding directors' inaction and falling share price due to this.Mick called back and was very apologetic and was giving explanations as to why things haven't turned out they way they were supposed to.I moved on after selling my holdings at huge loss at .08 p.i would advise the shareholders to raise the issue with NOMAD .you may receive a call from Mick.i think he is way too old to take up any challange or accomplish anything.But i'm afraid unless there's a united front to oust the management there's little chance the directors will change course.
This should see Mick through to retirement (with a few more discounted placings on the way). The sooner the better IMO. What a totally useless company this has turned out to be.
Thor Mining PLC ("Thor" or "the Company") (AIM, ASX: THR) has today posted the notice of the General Meeting to be held at the office of Thor Mining, 58 Galway Avenue, Marleston, South Australia on 7 July 2020 at 5.00 p.m. (Australian Central Standard Time) (the "General Meeting").
The purpose of the General Meeting is to ratify the recently announced share issues in respect of the placing for A$970,000 and the potential acquisition of American Vanadium Pty Ltd (AVU). The General Meeting will also propose the issue shares to certain directors in lieu of cash payment for director's fees for the period from 1 January to 30 June 2020 (Remuneration Shares) and of incentive options to the directors. Further details on each of the resolutions, including the issue of Remuneration Shares and the options, are set out below.
In the light of the impact of Covid-19 and following the introduction by both the UK and Australian Governments of restrictions on the number of people who can attend meetings, the attendant social distance rules and allied matters, the general meeting will be held in Australia with only two directors or senior employees present each of whom is either a shareholder, or a proxy, or a corporate representative appointed by a shareholder. No other shareholder, proxy or corporate representative should attend the general meeting in person. The attendance by a shareholder (other than the ones specifically required to form the quorum for that meeting) is not essential for work purposes. To ensure that their vote counts, shareholders should only appoint the chairman of the general meeting to act as their proxy.
Should changes with regard to the impact of Covid-19 be announced by either government before the general meeting, the directors will consider those changes and the impact on the proposed general meeting. Any proposed changes will be announced on the website.
The purpose of the General Meeting is to consider, and if thought fit passing the resolutions contained in the notice of meeting.
Resolutions 1 and 2 provide the directors with the appropriate authorities, respectively, to issue shares and dis-apply pre-emption rights for existing shareholders. Resolution 1 is a requirement under English company law where the Company wishes to allot new securities; resolution 2 is a requirement under English company law where the Company wishes to do so for cash without first offering those securities on a pro rata basis to existing shareholders.
Resolutions 3 to 8 inclusive relate to a A$970,000 capital raise, announced on 1 June 2020. Each resolution is detailed further below:
· Resolution 3 seeks shareholder approval to ratify, under ASX Listing Rule 7.4, the issue of 140,000,000 ordinary shares (Placement Shares) that were previously issued within the Company's placement capacity under ASX Listing Rule 7.1, on 5 June 2020. The ratification under ASX Listing Rule 7.4 has the effect of refreshing the Company's placement capa
I just don't get what he says these days, the words are English and that's about it.
Thank you. I went on to the london se rns bit and got all excited!! they only have 4 from today on there and I didnt realise as there are usually pages when I have looked. Thanks.
Skin, no worries, lost track myself at the moment. ATB
SORRY-this was from yesterday -
RNS Reach
Non Regulatory RNS Reach Announcement
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Uranium Acquisition Q & A
THOR MINING PLC
Released 07:00:06 17 June 2020
RNS Number : 2103Q
Thor Mining PLC
17 June 2020
17 June 2020
THOR MINING PLC
Q & A - URANIUM ACQUISITION
The Board of Thor Mining Plc ("Thor" or the "Company") (AIM, ASX: THR) is pleased to release the following Q&A document which reflects some of the questions received from shareholders following the Company's recent announcements in respect of the proposed acquisition of uranium & vanadium focussed claims in the USA.
Q What impact will the acquisition of American Vanadium have for the cash and funding requirements of Thor Mining?
A The cash commitment for the acquisition of American Vanadium is A$50,000 in cash, plus A$194,000 in shares, including the exclusivity fee, already paid. There are additional vendor payments which will be required on reaching some project milestones, however these payments are in shares, not cash, and the nature of those milestones are such that if the issue of those additional shares is triggered, they will be based upon significant positive project progress.
The funds we raised in the recent placement, and the funds expected from the forecast sale of our Spring Hill royalty entitlement are expected to be sufficient to meet our envisaged project expenditure for these new assets, and also our copper, gold, tungsten and molybdenum projects for the balance of this calendar year.
Q What attracted Thor to these Assets?
A There are three particularly positive features of this new initiative for Thor.
1. The fundamentals for the uranium market are very good right now. Global demand during 2020 is expected to exceed supply in 2020, and importantly the US administration has initiated a program of acquiring a locally sourced stockpile of uranium fuel for its power generation needs of US$150million. Remember the US is a significant consumer of uranium in its nuclear power generation (comprising 20% of total power supply) but produces very little of its fuel for this domestically.
2. The project claims are in an area of historical high grade production. The best place to locate high grade resources of any commodity is very often adjacent to areas where high grade mining has historically happened.
3. There is a processing plant close by, which;
a. Has significant spare capacity
b. Has historically acquired and / or toll treated ore from mines in the region for processing and conversion into saleable uranium and vanadium concentrates.
While we do not have an agreement with the operators of this facility, it is our intention to approach them, and if successful the capital cost and regulatory hurdles for development of a simple mining activity, followed by ore haulage to an existing processing facility are significantly reduced.
Q What are the implica
agreed
The Spring Hill deal is the sale of future royalty income for a capital sum which helps to provide finance .
funds for this calendar year?... hardly a company making deal in process at Spring Hill then...
key words there are EXPECTED & SHOULD, I'll be keeping my eye on this though
The funds raised from the recent placing and the expected funds from the sale of Spring Hill should cover the planned expenditure for the rest of the calendar year according to today`s RNS . This must be good news and I can see why Metal Tiger have supported them in thie latest placing as the American uranium /vanadium prospect could be a company maker . Our gold interests are in the exciting Pilbara area in Western Australia also add to the excitement.