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Very interesting. First MTR sold their stake in Kingsgate. Now Thailand on hold?
Quite possible MTR building bigger stake in THR. They like what they see at Thor. Don't blame them either. MTR are on it and know THR is significantly undervalued and accumulating as much before rest of the Market catches on.
Will see what next Holding RNS reveals.
That is why I have so little faith in the regulators of the aim..To coin a phrase they are all ****** in the same pot..In this day and age of modern technology there is no excuse whatsoever for not reporting correctly..We know they do it,they know they do it and so does the regulator.Yet they are allowed to get away with misleading people for there own profit...
Yes, did a few dummy BUYs @ 3.99
BUYs showing as Sells to spook a few who will always fall for it and sell.
MMs defo need shares.......Dealing below 4p Mid price (Spread 3.75 - 4.25)
That is what they do when they put out WIDE spread......Do NOT be fooled.
* A capital raise, issuing 2,000,000 shares @ A$0.12/share raising A$240,000 before expenses associated with the raise. This compares with the Thor acquisition of 2,500,000 shares @ US$0.03/share (approximately A$0.04/share). Thor equity has been diluted to a 20.83% interest in US Lithium.
* Commencement of activities associated with preparation to list on ASX in Australia.
* Additional claims have been lodged to the south of the Big Sandy project in Arizona, to approximately double the area of the project.
* Recent field exploration work including additional auger drilling and site mapping. Assay results are pending from this auger drilling.
* The appointment of MDS of California, USA to complete first stage metallurgical test work. MDS are reported to have considerable experience with lithium processing from clay based projects.
Mick Billing, Executive Chairman, commented:
"US Lithium has made very positive progress in recent months, and we welcome the additional investment at a substantial premium to the original Thor investment."
"The market for lithium continues to grow, and quality assets will be rewarded. We look forward to a successful listing of US Lithium on ASX in due course."
"We look forward to updating investors further as news becomes available."
From most recent interview on Proactive, I think Mick Billing quoted ASX listing price for US Lithium is expected to be around A$0.20 ?
To be confirmed at time of listing though.
MMs still playing with 13%-15% spread whole week. Not working.
Cannot keep this low forever. May be they just waiting for the next update as the platform to Zoom it higher.
Happy with +5% daily in the meantime.
GK that is Excellent.
Pilot Mountain asset in Nevada USA is looking even more attractive.
MTRs Mcneilly likes Tungsten amongst other assets THR has on the go. Just like us giving MTR exposure to all lucrative assets from one single platform.
I am sure if we were to do 'Sum of Parts' valuation on each THR asset / deposit, valuation would come to many Multiples of measly 4p current price.
This from December:
"Tungsten outlook 2018: Key factors to watch.
According to Roskill, the tungsten supply/demand balance is set to remain tight for the rest of 2017, with the market ending the year balanced. But what�s the tungsten outlook for 2018?
�Despite increasing supply, continued demand in 2018 is forecast to form a supply deficit as operations in China continue to experience suspensions,� Merriman said. He also expects restricted output and supply from the rest of the world to remain flat.
He added that in 2018 it will be key to watch what happens in China, the world�s top tungsten-producing country, as any changes in the Asian country could impact the tungsten market.
�If supply disruptions in China worsen and affect major producers for a prolonged period, the forecast supply deficit could intensify and higher tungsten prices are likely to ensue,� he added.
Looking ahead, Knick Exploration President and CEO Jacques Brunelle said that just like graphite or cobalt, tungsten will be the �flavor of the day, most likely in mid-2018,� supported by a major increase in space development.
�Shareholders will be on rendezvous when the market picks up, and it will be a very bullish market when they understand that America holds strategic minerals like tungsten without foreign intervention. That�s something China doesn�t know,� he added."
MrP, just to say your posts have been exceptional. Very good understanding and analysis of THR.
Apparently there are still large short positions in this stock. These people must be complete idiots. There are better stocks to short in the market. If they haven't closed out their positions by now then they will pay dearly in the next week or so. Serves them right for trying to take advantage of AIM listed growth companies.
Locked my shares @ 10p and @ 14p.......Really is a NO brainer. Hold for 6 months and watch it fly.
MMs not getting any on the cheap.
Funds incoming next week from a deal I did few years ago.
Unfortunately price won't be same next week. Wanted a +1m right now.......just my luck !!!
THR funded for the next 18 months.
News due on all core projects: Kapunda Copper anytime now & MOLYHIL Upgraded DFS this quarter.
Tungsten price is rising, & copper�s on the move.
Goldman Sachs Copper forecast US$8000/t.
Commercialisation of projects underway.
MOLYHIL alone based on last NPV A$67m should be 6.2p
ALL other assets currently valued @ 0.......how insane is that !!!
THR have many irons in the first. It won't take much for the share price to trade up to 5p. Confirmation of a good resource at Kapunda, US Lithium having exploration success, Molyhill improved DFS, increased investment from MTR, Pilot Hill update, etc.
How many catalysts to make the share price go up do we really need?
Meant to read....when they did old NPV back in 2015, Tungsten prices were at a low around $21,000/t. Not sure what market price they used in their NPV calc at the time, but cost was estimated as $11,200/t ($112/mtu) or $11.2/kg