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Thor is a hammer-wielding god associated with thunder, lightning, storms, sacred groves and trees, strength, the protection of mankind and also hallowing and fertility. Let's see some action this coming week then Thorry baby. I need the money.
Not with the current pandemic....that would be tempting fate!
Possibly.
Best of
Haha don’t hold your breath
If this 10 bags from here I will almost get my money back!
H
Kapunda assays due this week.
Thor Kapunda Gold
Located in South Australia, Inital focus copper (119,000t resource)
Historical data suggests gold was completely ignored, company now realising that Kapunda could be a hidden gem with historical data potentially pointing a 1Moz Au resource.
Thor drilled 3 pilot holes which look oustide conservation area - XRF results 66m @ 0.27% Cu & 23m @ 0.49% Cu
Assay results pending for Cu & Au due
Northland assayed samples for gold
Note dwts/ton is 1.5g/t Au so the 10 dwts/ton is actually 15g/t Au
Key takeaway is "gold values established to 600ft"
major copper interesections - never assayed for gold!
Northland Minerals decided to re-assay hole KP01 - the deepest hole drileld at Kapunda for gold (KP01 designed to test an anomaly)
KP01 re-assayed for gold - stunning results
95m @ 3.06 g/t Au from surface
Deeper intersections 100-200m
31m @ 3.98 g/t Au
29m @ 3 g/t Au
ISR at Kapunda is good to 100m
272m of gold mineralisation
That was the only hole they re-assayed as gold was at $36oz
Northland Minerals based on these results came up with a "postulated" resource
Northland described Kapunda as "a gold mine with a copper by product"
Potentially a 1Moz Au resource.
Limited stock available on L2 up to 0.3 and if Thor complete the Spring Hill finance in the coming weeks it will surprise the market. I’ve been buying slowly at these levels as have a couple of others.
Spring Hill resources comprises of 10 million tonnes at 1.4 grams per tonne for 450,000 contained ounces of gold.
The Company has received indicative offers and has entered into an exclusivity arrangement with a selected party that has commenced due diligence and preparation of final agreement documentation.
A$13.30 p er ounce of gold p roduced from the S p ring Hill tenements where the gold p roduced is sold for amounts over A $1 ,5 00 per ounce.
At the time of writing the gold price sits at approximately A$2,600.00 per ounce.
450,000 x $13.30.
Spring Hill finance and Kapunda assays could surprise the market in the coming two weeks.
One hopes that the BOD have us paupers in mind when they next update us.
Best of
Unfortunately this covid19 has totally sideswiped Thor into a most likely none viable option and a bucket shop raise.
The horse has bolted has it set us back five or ten years?
I was basing my comments on this statement you made beginning of March
“I dumped all my stock at higher prices and the rest today”.
So I did not know about this new information you have given
Elsgly Firstly I did an option deal with Thor over Western Shaw for $50,000 in shares when Thor was about 8c -see RNS. Secondly I was the recipient of about 13 million shares in Thor when we sold our companies Pilbara Goldfields and Hamersley Metals to Thor. Thirdly I still hold about 6 million warrants in Thor or whatever it is so I have a reason to see Thor succeed.
And finally I just pegged a big area at Split Rock next to the Pilbara Goldfields (Thor) gold discovery. I gave Mick the heads up on some ground that was left - I just noticed he pegged -he must like the Split Rock project !
they've pretty much said (privately) that they can't do anything in the current market so I'm just waiting for the next placing (if they even manage to pull it off which is 50-50 I'd say...). No good news coming here chaps I'm afraid
A disappointing lack of progress .
Needs rectifying .
We live in hope that the BOD is active on all fronts .
Best of
I hope we turn a corner and Mick keeps going straight on !
"Problem is Mick never seems to get past the drilling and pan handling stage."
Duly observed, which is why I raised the question since the appointment of Mr Mark Potter, what is his role in moving THR forward?
https://www.thormining.com/about-us/board-and-management
Mark Potter – Non-executive Director
Formerly Director and Chief Investment Officer of Anglo Pacific Group, founding member & Investment Principal of Audley Capital Advisors LLP, and Salomon Smith Barney. Currently a director of Metal Tiger PLC and Non-Executive Chairman of Artemis Resources Limited.
Orion has made it abundantly clear that in his opinion Thor should concentrate on developing a 'serious, robust gold project'.
Nothing ambiguous about that.
Sorry I just don’t get good vibes from you.
I am pleased for you and your achievements may they continue.
In fact reading over your posts I am confused.
What is it exactly you want THR to do once Mick has gone, spell it out for us all to consider?
Great to see the trades today.
Obviously very limited stock at these levels and an easy opportunity for the price to rise to 0.3/0.4 range in a flash regardless on management or projects.
I’m hearing SH finance is close to completion and that supports the business. After that there are plenty of ways to finance and after last years debacle that won’t happen again.
Should be a good week watching - soaking selling at each level back to 0.3/4
GoodLuck all
“The deal to acquire Pilbara Goldfields and Hamersley Metals”. Are you saying you have shares in these two project?
You are condescending and rude, your answer makes no sense, what I don’t understand is why you have any interest in a share you don’t own and probably never will!!!
Is that not clear enough (you never have an answer for this question)
Elsgly Clearly you are not listening - Thor have various obligations in terms of the deal to acquire Pilbara Goldfields and Hamersley Metals - so I wont stop as you put it until those obligations are fulfilled. What is it you don't understand.
No one on here has made vicious attacks, saying we don’t understand why you are wasting your time on a share you don’t own is not vicious. I just wish Thor would sort something out and then maybe you will stop (trouble is I’m not sure either is going to happen soon) fingers crossed
Thor will go nowhere with its present portfolio of tungsten and copper. Mick has had about twenty years banging the drum and look where the company is now. He must listen or move on -Thor needs a serious robust gold project apart from what it already has and I wont be going anywhere until changes are made to management and/or its focus.
Two in one day - another of my top stocks up 28% https://www.asx.com.au/asxpdf/20200331/pdf/44gk0hcz8cnjnq.pdf
It is not as simple as you think walking away from Thor. Shareholders retain the iron ore rights on tenements for which Thor are responsible. And Thor have certain obligations in terms of the agreement between PGL and HML and Thor. So careful with your comments Paul about Thor not entertaining me - my Aussie stocks are doing a great job of doing that but with common sense and goodwill so can Thor. I hope that goes some way to answering your question.
Paul Talking in riddles again -I am having a great day LEG massive sulphides -stunning -up 57% https://www.asx.com.au/asxpdf/20200331/pdf/44gk243tjb982p.pdf
One hopes the sale will realise above expectations , and more good news will follow.
Nothing is certain with this BOD though.
Best of