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This looks like recovery stock, options priced 6 times today's sp. Active drilling going on IMO
I see the directors have options at 1.8p that expire on 31/03/20. There’s a carrot to get the SP up.
Consequently, THR was up 16% on ASX last night. Finished at A$0.007.
Good volume the past few days and spread has gradually tightened. Not seen a spread this tight on THR for a very long time.
Are we seeing the Mark Potter effect in action? Two NED’s gone... what’s next?
This could rerate like ROCK. Wouldn’t want to not have a position at these levels- been using as an opportunity to average down over the past few weeks.
Just remove Billing so the company can move forward with its gold projects - simple.
I wouldnt apoint any more directors, be drill, we wait, we dont sign deals and then we raise cash. What directors do we need for that? Thr is a license holder it does nothing bar burn cash.
Until we source external funding we're going nowhere. No point paying salaries to people to do nothing.
A new Director appointment with the right skills and drive and aligned with MTRs values should hopefully see Billings go with a no confidence vote from the BoD. Make take a while but the seed has been sown.
But the ------ in the woodpile is still there Mr Tonguesten -for the time being -- Look at Novo Resources on Pilbara gold and they have not found anything yet -over a $600 million market cap.
Dave Thomas out. Thats good not just because of the history of what has gone on with the BOD but also Billings is losing an ally. Another BoD appointee aligned with MTR ( amd us) would be enough for the BoD to give a vote of no confidence in Billing
Billing strikes me as a bit of a waffler - here is the recent interview, he needs to watch his back MTR are clearly on the case and will demand a shareholder value increase.
A change of management would work wonders IMO - also why bother with an ASX listing that adds more bureaucracy and cost - a number of AIM juniors have ditched the Aussie listing recently, the latest being Bezant.
https://www.youtube.com/watch?v=ZEEE-tGkXnQ&feature=emb_logo
Less finger in the pie at least. I dont believe this guy could have been bringing much to the company anyway. Likely why hes been booted.
MTR are tightening the screws on Billing and have the financial clout to do so, he will no longer be able to make endless promises and not deliver - the MTR statement on Thor says all you have to know.
For the above reason (as well as ROCK & EUA retail punters in Thor = profits transfer) I believe the shares are a buy with a view to a significant bounce from current levels.
Can see .60p coming quickly then a move to 1p+
Looks to me like one of their largest shareholders has said get this into gear and quickly. I am now hoping that we get a raft of positive new. Yes would be nice to get back to 4p but a penny for starters will be fine. There is still plenty of potential here.
I’m guessing there will be additional cost savings tomorrow at the AGM
Molyhill finance and off take last I heard is due in December - just like ROCK we may soon see the placing stock flipped and if that happens it will break 0.3 and run back upto at least the 0.6/7 range it was trading before the placing drama. If Molyhill finance is announced its another run away like ROCK and a few others
I’m also sure investors that have made money in ROCK will be transferring into Thor at these levels in the coming weeks
There was a big rise in VAL shares a couple weeks ago. 100% up and boom, placing! Dont be suckered in with that RNS it gave nothing new and is a clear attempt at flipping shares. Imo
I'm reminded of the old phrase. "Those who cannot remember the past are condemned to repeat it."
"The Directors of Thor have taken steps to reduce Directors remuneration". Too little too late. I imaging there will be a share option soon to cover their losses.
We want to see a 50% cut in director pay not some small reduction in tea, biscuit and entertainment.
BOD pay in total is about GBP 600k annually.
That's too much for a cash strapped tiddler
the last 6 or so sell trades over .251 are all buys. mms trying to keep the price down
A 6m buy late yesterday after that RNS. Thought it contained excellent results and some additional info yet to come that could be even better. I agree its just short term . Nothing has changed. . Unless theres a leak Billings is about to go. ( ha ha )
Since yesterday, ie the rise in SP and good chat on social media - from 22 to 27 in a day sentiment up short term - maybe not long. SL
Last little pump to let some flippers out, in case AGM goes south.
AGM tomorrow to approve the issue of about 130m placing shares.
Could be an opportunity to buy more cheaply next week
All shares are about sentiment A1m and at the moment it’s up. As I said the real long term doesn’t really worry me, or what the directors do or don’t do I am just interested in buying on an up trend. Anyway GL bud. SL
Understand A1m but It’s all about making money and sentiment can drive the price forward, been in this game along time. I don’t expect I’ll be here for ever. SL