The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Just imagine how refreshing and engaging it would be if one company didnt... I mean, technically they are spending our money. All I ask for is some decency and respect with good comms. Yesterdays debacle could have and should have been managed. As someone said earlier about feeling sorry for people who sold based on this forums speculation, that is wrong when it could have simply been avoided. That is just very irresponsible. I know I cant change it and I know there are so many people/investors who make a lot of money from this way of working but it just seems so wrong and unethical. Maybe I am in the wrong game, but I am an intelligent person who holds a senior leadership position, and what I know and have witnessed over the last year (my duration of investment) is positive about Thor... I am just baffled how people in positions of leadership treat their investors also how the fickle market/SP reacts. Also, they need to bloody well land some results... AIM is a cesspit and a lottery... Defeats the object of what I believe it should be... Jeeze, I hate ranting... Very depressing... And I have only been here for almost a year lol...
Hi, Moody
This may be little comfort to you, but the problem is not limited to Thor. All the AIM mining/exploration companies behave like this. GGP declined for nine years before it rose.
Best wishes
and that's putting it mildly MoodyHound.
What a joyful outlook... The endless decline of my investment continues... We just need some results rather then 'soon' next quarter' 'future' JUST deliver something for crying out loud... Everything is tomorrow in this place... Being in this share is like death by a thousand cuts...
most shares will have their sp drift lower than placing price. look at those who had placing recently and a couple of weeks after, their sp well below placing price.
traders will be exiting as tired or moving to other shares, and placess will continue dumping even below placing price!
if i am lucky, i can buy here at 0.4p. just need to wait .
Agree that it was ridiculous that THR didn’t have trading halt with AIM but did with ASX
My point is the OP plucked numbers out of thin air with 0.5 pence capital raise price just to scare people to sell. It doesn’t impact me at all but feel bad for some people.
You shouldnt blame the thread. There should have been a halt on AIM as well.
Yep great thread Mr OP plucking numbers out of thin air.
Feel sorry for the guy who sold yesterday due to this thread.
....2B shares plus options...how many of these goodies?
I'm pleasantly surprised by the price the raise took place at-I was expecting .5p or even less. I know it's difficult for lots of holders, but I think we have to put the Billing era behind us and accept that what's done is done. We've now got some money to advance some very promising projects with renewed confidence and people on the BoD who appear to have a much better grasp of the situation. And just in case anyone thinks I've just come on board at .6 or .7 or even .8p, I can tell you I need over 1p to get close to B/E.
Probably close at 0.8 …..
.70 paid
Move on ! I don't think so, what else would he/she do all day. Use the filter.
The placing was at a higher level than I expected in this market. Well done Thor. We now have funds to further our very promising projects anyone of which could be a game changer. We are an exploration company with no income at this stage . Until we strike lucky how else can we continue to drill if we don`t make placings? Anyone investing here should know the risks .I was very fortunate to have invested in GGP before they made their big find.
Bsg. Honestly, if you are so offended, move on.
Money in bank, decent assets hopefully good results and news flow forthcoming.
Like most I didn't like how it was done or the timing, but it's obvious they and others who invested are confident of a upturn in fortunes.
Still reasonably happily holding and have better things to do than moan.
It's one of the largest placings I've seen for THR as well. Disgrace!
So placing at 0.67p?
By amazing coincidence, the AIM opening price on Monday morning was......0.67p.
The price drop from 0.77-0.8p since the start of December looks even more suspicious now.
At least the price should go back up now, but feel sorry for anyone who sold up at the lows yesterday. Today's RNS does not excuse the ****poor handling of the communications around this raise. Mate's rates etc etc
The Company has raised gross proceeds of $2.75m (£1.5m) via the placing of 220,000,000 Placing Shares at a price of $0.0125 (0.67 pence) per Placing Share.
Placees to receive two Options for every three Placing Shares subscribed, at one option to subscribe for a further new Ordinary Share at $0.015 per Ordinary Share, valid for one year from the date of issue and another one option to subscribe for a further new Ordinary Share at $0.02 per Ordinary Share, valid for two years from the date of issue.
Fairly standard, see it all the time. This was 0.18p 18 months ago, needs some serious progress to regain some momentum.
How impossible hard would it have been to send something out to explain that, if that is the case of course. Some of these companies really really dont deserve investors...
A formal comms saying something very simple like 'London and US investors, we are halting Oz trading because they have different rules. But this is not a problem and standard procedure. So don't dump a load of shares.' Honestly, its a really bad way to treat people...
if correct here.....and roughly speaking
i believe that its because with the ASX they have different rulings to uk. items "noteworthy" are to put out straight away and additionally if there is something that could significantly affect company/sp then until it has been "sorted out" to then become an announcement they halt to prevent manipulation in the market. Agree its frustrating that we don't or at least we run in par because thats exactly whats happened here on AIM.
The "news" once out could be very good news...markets don't like uncertainty and it seems on this occasion they've gone down the bailout route. for those holding, this could be a very good chance of topping up, averaging down etc..... we ultimately have stacks of good news to come. progression has gone superbly over the past months.
i for one am fully behind nicole and her merry galloway gang
Why do we need to halt trading on ASX for the raise. Im also taking it so we can buy these uranium licenses?
Continuing to be very patient with thor and have decided to add on weakness this afternoon (averaging up) to take my holding to just >1.5m, looking forward to upcoming uranium newsflow, amongst other items. In readiness, I recently watched the following which I feel provides decent background and some important points to consider re the particular setting they looking in.
So much potential in this one little company (many irons in fire) and yes rates of dilution per year on average are quite high but I happen to believe that over the next couple that rate will reduce very markedly as the mcap increases.
Apologies if vid been posted and discussed previously (dont keep up with this bb generally).
https://www.youtube.com/watch?v=YYFzuC7gBMo
AIMO ATB
Its just totally irresponsible Why has trading not halted here? Madness... 15% down with nothing... Then back to my usual moan, zero zero comms from Thor... So disrespectful
sometimes you just have to say fxxk it