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Thor had yet another opportunity to be involved in a cash flow gold operation -near term cash flow for almost no capital outlay to salvage the company - but guess what - Mick Billing turned it down. I don't hold anymore but stay tuned -
I can hear it now 'In another little while we will need more runway'
Gold flying !
It’s a Micking mess !
well bsg4 was right about the 0.10p placings....maybe
going going going....gone!
This BOD seem determined to disappoint .
Achieved with Honours thus far.
Best of
CB58, I think PJ is busy with Power and MTR have sent in that Potter chap to sort out THR.
Let’s face it this corona episode could see THR being dismantled and cherry picked by better run outfits!
Billing still babbling on about copper - down 7.8% to $4729 tonne. US$ gold down too but AUD$ gold at $2561 oz. A record price.
Well Mighty Mick wont do anything - Paul Johnson wont do anything nor will Metal Tiger. Fact is I am negotiating another gold production deal and I need a listed entity . I sold all my Thor shares at fair prices but always happy to try and rescue the company provided everyone is on board. Forget anything other than physical gold -its still $2450 oz and the AUD $ is collapsing -oil prices are collapsing -so very cheap to produce gold which if I am any judge will be AUD $3,000 oz soon. But try telling that to people in London glued to shares which are totally disconnected to the gold price in AUD$. Mivk stil babbling on about copper -give me strength.
And for those who have had flu...you know it when you struggle to even open your eyelids, everything else is the common cold or slightly worse but not to be ignored the dreaded manflu !
Alf My comments about cooking with gas were in no way related to any share price movement. They related to the potential for Thor at Split Rock and Karlawinda. But as you will know and everyone else will know when you wake from your slumber in the UK the last thing on your mind will be Thor. Lock down mate - pure survival with a virus now advised ten times more lethal than the flu.
Alf old chap you need to expand your thinking -be faster on your feet and not worry about campfires if you have left the campsite. I don't give a rats about Thor - you wont be worrying about Thor or anything so trivial when the Covid19 hits the UK and Australia. All I am worried about right now is staying alive -if we can fly to a Broome beach resort because the virus according to the experts does not like sunshine -temperature or humidity. So drinking gin and tonics in 40 degree heat ! Its serious -we will be in lockdown like Italy within weeks .
Bounce continues.
Good news soon , maybe !
Best of
Yip bounce about cuts this share. More like zombie cat bounce !
https://www.youtube.com/watch?v=tCKliw3EQ7M&feature=share
Is overdue here .
Best of
I meant 0.1 p - about A $ 0.002
I dumped all my stock at higher prices and the rest today. Cash is king - redirect into sound ASX companies who are focussed on gold -fantastic bargains out there with switched on managements. Waste of time talking to Thor -management and major shareholders are paralysed - sitting there like a kangaroos in the headlights . Better things to do with my time and money . It wont end well - the next placing if the company survives about 1 p -if they are lucky.
I have made various proposals to Thor management -bold moves to leverage the excitement with De Grey in the Pilbara which has rocketed -- but alas no response. https://degreymining.com.au/ Huge things are happening - there is no gloom and doom if you are part of the action with what is shaping up with De Grey and every other player in the Mallina Basin. Plus the excitement at Karlawinda.
But Thor management - and everyone including MTR and Paul Johnson have gone into hiding - lets see how they intend to keep the lights on ! Last of my worries -I only back winners and lots of them like CMM -SPX - OKU - AAR -DEG and many others- And watch platinum - about to go ballistic.
The problem with Molyhil is that the project is too big for Thor to finance it alone and not big enough for suitors who could finance it. I think it was mentioned somewhere that a Department connected to the Australian government might provide finance on favorable terms to build the processing plant. This and their recent gold prospects acquired from Orian`s companies makes this an interesting punt. And don`t forget Kapunda which is being financed by goverment department grants could develope into a company maker.
Thor have made losing money a fine business .
Molyhill is our one hope .
Best of
Ahh just in time for the next placing.
Alfy old boy I am gearing up again for gold production and I am a pegger ! Share trading is only a small part of my modus operandi. Companies /individuals are dropping some highly prospective gold ground in the Pilbara -picking up more acreage early next week. Don't forget gold is still about AUD $2450 oz -with production costs less than $1,000 oz its got a long way to go before we will be concerned. Noone listens in the UK -all focussed on trading -the real money is in acquiring tenements and vending into listed companies.
It seems no amount of "good news" can keep this share price up, quite the opposite.... maybe if we say there's loads of bad news it might go up?
Looks like MB has signed a new long term contract on improved terms!!!