The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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yawn. told us nothing new. need a new CEO here I feel. SP has tanked since she got involved. No better than Mick really.
Incredible how the SP seems to tank rather than rise on supposed good news. Since the Oz announcement it's gone from 0.525 to 0.475. Maybe folks are just so fed up of the can being kicked down the road they just sell on any reasonable uptick.
Good to listen to this, fingers crossed something comes to fruition, patience being the operative word right now.
Latest Thor tweet. On OZ Minerals
https://twitter.com/ThorMining/status/1557154782447558658?t=cMRzsokSImTfq8G8PzbKrw&s=19
https://www.mining.com/web/bhp-likely-to-raise-bid-for-strategically-sensible-target-oz-analysts/
Yep, I think BHP made a cheeky offer for Oz. Oz knows the current low price of copper isn't going to last.
As Diadulus said, Oz would not invest unless they saw potential. The other contribution they will make, apart from the money, is the experts who will help evaluate the ISR research.
Am looking forward to Thor getting out of the doldrums.
Well companies don't invest that kinda money into another companies ventures unless they see profit in it and given OZ has just turned down a 5.8B buyout offer from BHP makes it even more interesting.
Hi, everyone
Yes, it's good news. "IP" in the RNS stands for "intellectual property." If we can get some revenue from copper production by 2024 (which is Nicole's target date), that will free us from this tedious cycle of fund raises, which has kept the share price so low (and BSG happy), for so long.
All the 0.52’s would appear to be buys
Agreed DCGC.Just bought 1.9m at around 0.52p
The 0.52 trades are buys, mine included.
and yet holders still sell the news. V frustrating!
We are also earning an 80% interest in Alford East which could also be of interest to OZ once this method of copper and gold extraction is proven. OZ is a $4.5billion company and should know what they are doing so I agree this is great news and at 0.52p to buy looks good value.
best news....for years
https://www.proactiveinvestors.co.uk/companies/news/989550/thor-mining-gets-funding-from-oz-minerals-for-kapunda-project-989550.html
This is very good news !
https://www.mining.com/oz-minerals-rebuffs-5-8-billion-takeover-bid-from-bhp/
Nicole Galloway Warland, Managing Director of Thor Mining, commented:
"We are very pleased to announce this collaboration between EnviroCopper and OZ Minerals, with OZL committing funds to continue the investigation at Kapunda Project into the potential economic extraction of copper via the low-footprint In-Situ Recovery mining technique.
This is a validation of the previous work by ECL on In-Situ Recovery of copper at the Kapunda project, in cooperation with The Commonwealth Scientific and Industrial Research Organisation ("CSIRO") and the University of Adelaide under a CRC-P grant (Commonwealth Research Centre Project).
The OZ Minerals funding is non-dilutive hence will not impact Thor's 30% equity interest in EnviroCopper."
He really is a pump and dump aficionado.
I think we can write off any value in our POW shareholding.
POW looking more liker another cut and run PJ basket case each day.
pow share’s need to rise considerably to even think about selling them.
$2,069,000 to be precise, plus 48,118,920 shares in POW.
Why do you feel a raise coming? According to the latest Quarterly Report, Thor has $2060,000 in the bank, so don't see any need for a raise anytime soon. They also have shares in POW, which they can sell, if they so wished.