The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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Nice bit of price action :-
https://hotcopper.com.au/asx/thr/?keywords=THR
broad, I'd keep holding until break even and maybe consider selling half of your holdings to allocate elsewhere but the risk is then if this shoots up and your investment elsewhere tanks....
Im 20% down right now, as soon as I am 100% up I shall sell half out and let the profit run to see what the outcome of the USA side of THR brings to the table for me. I may even do this at 200% or higher, Im in for another twelve months at least.
Hi All,
I was also annoyed a lot about the comments from BSG4, but then gave up as I am holding and bought in when it was 1.3-1.4 , lost almost 50% but holding in a hope. So far THR have not proved BSG4 wrong which I am hoping since last 6-8 month, new target and new dates. It was April-May now Mike is talking about June. look at BZT , I would have used this money to double or triple somewhere else. Hope Mike and THR proves BSG4 wrong soon or people like me are soon be gone even at loss.
All these negative waves from BSG4,
What he does not realise, it is hard not to disagree with what he writes, in fact we know what he is going to say!
The same three words, Mick gravy & train!
Good to see he's still looking after all our interest
BSG can I ask if you actually own any stock here? You always criticise which is fine as we all have an opinion and agenda. If you do hold stock is your average high? If so would you not consider lowering it on the lows.
Secondly if you are in and your not happy with the way things are going why would you not sell and move on?
Thirdly if you are not involved anymore due to gain or loss why would you waste your time posting negative comments.
I have been in this share for over 5 years, and yes I am as frustrated as the next man who is maybe down a few quid but having to read your depressive outlook gets really boring and makes me wonder what your agenda is....Would you care to share as I think we would all love to hear your story.
Thank you bsg for your posts, as looking at your profile I decided to take a position in RMM when it was 0.3. I almost doubled my money in 2 months. I may put it in here lol
With all the negative angles and generally misery....bsg - are you a happy soul in life because you’re not giving that impression.
I understand if you’ve been here a while (invested) and the waiting game has been testing, do you really think you’re downbeat comments are going to help?
Personally I tend to “ignore” all the negative comments people post around the bb’s because they’re either from bitter and frustrated investors/traders or trying to attempt others to sell to bring the price down. For me, and plenty of others, this just doesn’t work. Everyone should be doing their own research and then taking their own judgement. Finally, if invested, why on earth would anyone want to knock the share down? It’s illogical unless there’s an agenda such as mentioned above.
Chin up, cheer up or maybe just don’t mention anything.
As THR have had little success. It can't have long left. Mick will milk it until it's dry. Buyers (if any) will just wait it out now, as they probably have been for many a year. The resources aren't going any where soon. Pick it up cheap in a fire sale. What a gravy train it's been for Mick. IMO.
They have the money to cover that side, to cover bringing the schedule forward given the last raise & statement so all clear there, and it's all in the air as far as any JV is concerned as is always the case. Such are Junior miners, but the copper side is where they can shine because it's a low cost operation, so they say. In goes the truck pumps in pumps out fills up a tanker with the "slurry" and off it goes, kerching, pretty simple and no real need for a JV. Plus they can have MANY operations happening at the same time, in different locations, as is realistic to do so (be nice if they elaborated on this with a how many personnel, vehicles, extraction costing but whatever.) Main point to note is that each extraction has a certain cost and therefore a certain average profit, something that can be leveraged! Hoping they sell off the other stuff (working capital then) and focus on a more realistic can do with the copper, JV's are to much like a lottery ticket.
I want to know where we are at with the USA side of operations, probably more raises required and dilution.
So the biggest news is still the quietest because that will give a better picture on the real value & how it will be done/cost vs profit. April - May 2021:- The next stage and most important stage, is to test the lab work results in-ground in a real time situation. The Site Environmental Lixiviant Test (SELT) will show if and how much copper can be extracted by the best environmentally friendly solutions. No updates on that but no change to the shown schedule either. https://www.envirocopper.com.au/news
thr is just an holding comp m8,with the copper,as a production maybe
all these comps do,is prove up a resourse and sell them.
like power metals
and yeah,the waiting game,is the frustrating part.
selll on the news
BSG4 are you holding in thr at the moment?
if so are you sitting on big losses?
have you ever held in thr?
did you sell at big losses?
It will be good for THR BOD but not the shareholders. They buy marginal (cheap) prospects. Drill them. Then when, surprise, surprise, they're not commercial. They move onto the next one, and so it's been going on for many a year. Now we're in a super cycle this will occur more frequently. As funding will be more readily available (confetti) . IMO.
Well, it seems a sensible overview of what is to come Troajan, but I'm not sure how this relates to Thor. I have an idea that we will be in a position to mine something when the 'Super cycle' has just about run it's course (assuming we are talking 30 years) and I will, no doubt, be long dead before then. Not trying to put too negative a slant on all of this but we need to see some positive JV news if we are going to stop reliving groundhog day. How else will we ever see the share price rise?
Lol. I know. Doesn’t stop it from being frustrating though
Any trade below the mid is marked as a sell. Any trade above the mid is marked as a sell. Any trade at the mid is marked as ? It's indicative only.
Did the top up. Bought @ .757. Bet it’ll look like a sell. Oh well
Typically, plenty of buys showing as sells.
Offered buy @ .757 for 150k shares, of which there are several of those today and similar yesterday.
Was offered sell @ .75 for same amount and now live quote @ .75 not avail
So.... I’m assuming there have been plenty of buys but still being dragged down.
I agree it is a hold, but I'm still expecting the price to at least bag this year. I think for the future when "stuff is coming out of the ground", then multi bagging is highly likely from todays price. Meanwhile, I'm happy to wait
There is so much to go at for Thor, but I just wish they would get some partners involved and get some stuff out of the ground and sell it!!!!!
This is a hold but it's going to be a long term hold and hopefully our new M.D. can hurry things along a bit!!!!