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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I think its about tie for the pumpers to play in THR but a bit late in the week for that. Thats what so attracts me down amongst the dead men is that they invariably and inexplicably bounce back into life before the locusts move on elsewhere. The technical term is 'volatile stocks' but reality is its just part of the AIM game to lure the innocent punters on board.Price monitoring extensions are issued which is a posh way of saying we don't know whats going on but just in case there is some funny business verging on the illegal going on we'd better keep an eye on things. (its not really automated I think just a way of keeping a lid on things because auto trading is confusing even to the 'fat controllers' who pretend that everything is all taken care of and is 'safe'. Using complex algorithms I reckon is just a myth in the reality of the bearpit called AIM. But it is fun and can be very profitable. for daytraders.
Third of a penny , here we come .
Possibly .
Best of
The race for Pilbara gold is on .
Best of
Crazy buyers.
Best of
That's all well and good P1D but when will the drilling start?
Look he has it all under control in the outback somewhere under the stars with his helmet torch shining bright and a hammer, he will hit a rich vein. Please look forward to the next proactive interview where the helmet gets polished and we get told how throbbing the vein is!
https://twitter.com/copperbullish/status/1212746342440660994?s=21
#Copper - @ExcelsiorMining starts Mining - We believe this is big news for the #Copper mining world. ISR (IN-Situ) in copper could be one of the most cost effective ways of mining certain ore bodies
Kapunda, one of the best brown field opportunities I have seen. Copper and over 100mtr of gold at 3g/t (look on the website). Darren Hazzlewood - Panther Metals CEO
https://twitter.com/darrenhazelwood/status/1250523596180635648?s=21
I will buy over the next few days ahead of Spring Hill finance and Kapunda assays.
https://www.envirocopper.com.au/kapunda-isr-project
ECR was awarded a Commonwealth Government CRC-P (Co-operative Research Centre) Grant into Copper In-Situ Recovery mining. The $2.8 million will fund research into areas leading to better environmental outcomes, improved economic results and effective community engagement.
"The CRC Program supports industry-led collaborations between industry, researchers and the community"
My prediction is a cure for the common cold and an end to world poverty before Mick solves our financial problems !
Gold is on the March !
https://www.bullionbypost.com/gold-price/gold-price-today/
Thor is a hammer-wielding god associated with thunder, lightning, storms, sacred groves and trees, strength, the protection of mankind and also hallowing and fertility. Let's see some action this coming week then Thorry baby. I need the money.
Not with the current pandemic....that would be tempting fate!
Possibly.
Best of
Haha don’t hold your breath
If this 10 bags from here I will almost get my money back!
H
Kapunda assays due this week.
Thor Kapunda Gold
Located in South Australia, Inital focus copper (119,000t resource)
Historical data suggests gold was completely ignored, company now realising that Kapunda could be a hidden gem with historical data potentially pointing a 1Moz Au resource.
Thor drilled 3 pilot holes which look oustide conservation area - XRF results 66m @ 0.27% Cu & 23m @ 0.49% Cu
Assay results pending for Cu & Au due
Northland assayed samples for gold
Note dwts/ton is 1.5g/t Au so the 10 dwts/ton is actually 15g/t Au
Key takeaway is "gold values established to 600ft"
major copper interesections - never assayed for gold!
Northland Minerals decided to re-assay hole KP01 - the deepest hole drileld at Kapunda for gold (KP01 designed to test an anomaly)
KP01 re-assayed for gold - stunning results
95m @ 3.06 g/t Au from surface
Deeper intersections 100-200m
31m @ 3.98 g/t Au
29m @ 3 g/t Au
ISR at Kapunda is good to 100m
272m of gold mineralisation
That was the only hole they re-assayed as gold was at $36oz
Northland Minerals based on these results came up with a "postulated" resource
Northland described Kapunda as "a gold mine with a copper by product"
Potentially a 1Moz Au resource.
Limited stock available on L2 up to 0.3 and if Thor complete the Spring Hill finance in the coming weeks it will surprise the market. I’ve been buying slowly at these levels as have a couple of others.
Spring Hill resources comprises of 10 million tonnes at 1.4 grams per tonne for 450,000 contained ounces of gold.
The Company has received indicative offers and has entered into an exclusivity arrangement with a selected party that has commenced due diligence and preparation of final agreement documentation.
A$13.30 p er ounce of gold p roduced from the S p ring Hill tenements where the gold p roduced is sold for amounts over A $1 ,5 00 per ounce.
At the time of writing the gold price sits at approximately A$2,600.00 per ounce.
450,000 x $13.30.
Spring Hill finance and Kapunda assays could surprise the market in the coming two weeks.
One hopes that the BOD have us paupers in mind when they next update us.
Best of
Unfortunately this covid19 has totally sideswiped Thor into a most likely none viable option and a bucket shop raise.
The horse has bolted has it set us back five or ten years?
I was basing my comments on this statement you made beginning of March
“I dumped all my stock at higher prices and the rest today”.
So I did not know about this new information you have given
Elsgly Firstly I did an option deal with Thor over Western Shaw for $50,000 in shares when Thor was about 8c -see RNS. Secondly I was the recipient of about 13 million shares in Thor when we sold our companies Pilbara Goldfields and Hamersley Metals to Thor. Thirdly I still hold about 6 million warrants in Thor or whatever it is so I have a reason to see Thor succeed.
And finally I just pegged a big area at Split Rock next to the Pilbara Goldfields (Thor) gold discovery. I gave Mick the heads up on some ground that was left - I just noticed he pegged -he must like the Split Rock project !
they've pretty much said (privately) that they can't do anything in the current market so I'm just waiting for the next placing (if they even manage to pull it off which is 50-50 I'd say...). No good news coming here chaps I'm afraid
A disappointing lack of progress .
Needs rectifying .
We live in hope that the BOD is active on all fronts .
Best of
I hope we turn a corner and Mick keeps going straight on !
"Problem is Mick never seems to get past the drilling and pan handling stage."
Duly observed, which is why I raised the question since the appointment of Mr Mark Potter, what is his role in moving THR forward?
https://www.thormining.com/about-us/board-and-management
Mark Potter – Non-executive Director
Formerly Director and Chief Investment Officer of Anglo Pacific Group, founding member & Investment Principal of Audley Capital Advisors LLP, and Salomon Smith Barney. Currently a director of Metal Tiger PLC and Non-Executive Chairman of Artemis Resources Limited.