George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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AE resouce x cu price per ton at 50% or 80%, mius costs.....
Dyor.
Happily holding
We have now earned a 51% interest in Alford East which based on the drilling results to date I expect will prove to be be a very cheap cost .As part of the deal we have or are about to issue A$250,000 worth of new Thor shares some of which will be sold through the market hence a possible cause of today`s weakness. This is a short term situation as we have increased our interest in Alford East probably by many times the cost. I trust the Boards judgement on this as I can`t believe they would carry on with Stage 2 if they didn`t think they were on to a good thing ,
I am moody yes lol especially when I watch this share just do nothing. I do really think they need an entirely new approach to communications. As i said, their power point template just comes across very 90's and amateurish. With good tech and a modern approach they could do so much more. The cost of a part time comms manager could go a long way and be dwarfed by the value add... . We need to attract investors and generate interest. The best we get is a retweet. Comms is so important. I do agree with some of what BSG4 says, and I was hoping for a significant change in direction under new leadership... Not impressed yet...
Blind Freddy can see some games being played with price and accumulation. Hoping for a trading halt with monster find in the near future
Just waiting for ANY of the following to occur and monster positive move in share price
- Ragged Range - Gold
- Molyhil - Tungsten
- Wedding Bell Permit - Uranium
At least 2/3 will occur before end of year until hence just got to be patience and if you have spare money just buy small amounts.
you a dud mate,you spend your life on here slating it why?? fingers burnt in the past carnt get over it.im not barring you as you will eat your words when we boom big time.
new management i like her,she wants to get things done and gold results will be key we are next door to GGP, i was in them at 1p and was the same nothing happening slow then found gold nuggets offer to buy them went to 38p if we anything like GGP gold we quids in a offer will come,it takes time and patience.
I think THR is a dud. Always lots going on behind the scenes but not to the benefit of the investor. Placings and drilling, is all we seem to do. Then move onto the next project. Nothing comes to fruition. Been going on for ages.
Seems like your name says it all Hound. I hear you on this all being rather frustrating and taking ages getting nowhere.......
but....... there is still plenty due that's going to be very favourable.... the penny plus is coming and it may well be here before the end of the calendar year.
I dearly hope so hence still holding out and if I had spare funds I would really like to top up at this price.
With all thats gone on, and pending.....this really could be a top AIM market contender for the year.
lots going on behind the scenes,all results so far look good to me,gold up copper doubled price in a year,we need good results to boom this share back where it should be.
Im glad you are happily still holding, I am getting completely hacked off with it all... No logic at all in the shareprice... Its getting very very frustrating with constant nothingness but a steady decline.
Comms from THR is pretty bad as well... 1990 presentations and just 'retweets' from other people talking about how important copper is... I was hoping things would improve but im just getting more and more depressed by it all
Well of my back of fag packet calcs are accurate and if AE and isr go well, the money is well spent.
Roll on RR results and uranium licenses.
Gla
Happily still holding
Stage 1 Earn-in Completed
Alford East Copper-Gold ISR Project, South Australia
RNS
I agree Ivans - gold is up over £100 an oz compared to a couple of weeks ago. I think investors are being distracted by the bitcoin frenzy. Sensible investors shouldn't ignore THR!!!!
with these three commodities price are expecting to continue rising next year : copper, gold : uranium, i am puzzling as how come THR still just above 10m mcap.
sentiment is very low but that means its time to buy and wait patiently.
happy to continue holding and may add somemore when i can sub 1p.
look at gold price and reaching $1900 soon. copper also getting hotter by the day
Simple Snooz. When the heads of agreement were signed for the transaction the SP of Power Metal was a good deal higher than today. Hopefully PJ will do what he is good at and ramp up the price of POW so that THR can get out of POW at the first available opportunity! THR are well rid of Pilot Mountain.
I've mailed them this, will let all know if there is a response:
Regarding this:
Pilot Mountain deal was announced as follows: "Power Metal will pay US$115,000 in cash to Thor Mining and US$1,650,000 payable through the issue to Thor of 48,118,920 Ordinary Shares at an issue price of 2.5 pence per share (“Initial Consideration Shares”)."
Who/when/how/why decided to value these POW shares at 2.5p? They traded significantly below this level for the duration of the deal. I have a concern that a mistake was made by indicating a total value of $1.65m, so I would like to see this decision to do and announce the deal based on 2.5p justified.
Agree snooz .POW sp hasnt been at 2.5p since last June.Where did that figure come from as the basis to calculate a cash equivalent? Something doesnt seem quite right.
Pilot Mountain deal was announced as follows: "Power Metal will pay US$115,000 in cash to Thor Mining and US$1,650,000 payable through the issue to Thor of 48,118,920 Ordinary Shares at an issue price of 2.5 pence per share (“Initial Consideration Shares”)."
I was thinking these would be shares in a subsidiary that would be somehow floated on the market at 2.5p, but they are just POW shares. 48,118,920 POW shares, while there shares are trading at 1.77p is £850k, not even close to $1.65m . Rubbish, and frankly claiming the shares are in some way valued at 2.5p for $1.65m just seems dishonest/incompetent.
for innovation & collaboration from SA government. https://twitter.com/EnviroCopper/status/1458981440956166148?t=RBy655tRrMoQI3TmywA_cA&s=19
This is payment for Pilot Mountain right?
I was thinking the shares would be in a subsidiary company Golden Metals Resources that would be listed separately - I guess I was just wrong to think that.
. Details of person subject to the notification obligation (iv)
Name Thor Mining Plc
City and country of registered office London, England
(if applicable)
4. Full name of shareholder(s) (if different from 3.) (v)
Name JIM Nominees Limited
--------------------------------------------
City and country of registered office London, England
(if applicable)
--------------------------------------------
5. Date on which the threshold was 8.11.21
crossed or reached (vi) :
--------------------------------------------
6. Date on which issuer notified (DD/MM/YYYY): 10.11.21
--------------------------------------------
7. Total positions of person(s) subject to the notification obligation
% of voting % of voting rights Total of both Total number
rights attached through financial in % (8.A + of voting rights
to shares (total instruments 8.B) of issuer (vii)
of 8. A) (total of 8.B
1 + 8.B 2)
------------------ --------------------- -------------- --------------------
Resulting situation
on the date
on which threshold
was crossed
or reached 3.62% 3.62% 1,341,839,837
------------------ --------------------- -------------- --------------------
Position of N/A N/A N/A
previous notification
(if
applicable)
------------------ --------------------- -------------- -----------
RNS and M.D. summary of works all positive and this is a share to hold going forward in to 2022. Lots of fronts so lots of news to come and with the new management in place things have to be better than before!!! Eh BSG????? : )
>Expect to see it tomorrow on RNS, then the day after on the Thor website and next week on twitter.
Scratch that - it was on RNS this morning at the time of the AGM itself.