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I dumped all my stock at higher prices and the rest today. Cash is king - redirect into sound ASX companies who are focussed on gold -fantastic bargains out there with switched on managements. Waste of time talking to Thor -management and major shareholders are paralysed - sitting there like a kangaroos in the headlights . Better things to do with my time and money . It wont end well - the next placing if the company survives about 1 p -if they are lucky.
I have made various proposals to Thor management -bold moves to leverage the excitement with De Grey in the Pilbara which has rocketed -- but alas no response. https://degreymining.com.au/ Huge things are happening - there is no gloom and doom if you are part of the action with what is shaping up with De Grey and every other player in the Mallina Basin. Plus the excitement at Karlawinda.
But Thor management - and everyone including MTR and Paul Johnson have gone into hiding - lets see how they intend to keep the lights on ! Last of my worries -I only back winners and lots of them like CMM -SPX - OKU - AAR -DEG and many others- And watch platinum - about to go ballistic.
The problem with Molyhil is that the project is too big for Thor to finance it alone and not big enough for suitors who could finance it. I think it was mentioned somewhere that a Department connected to the Australian government might provide finance on favorable terms to build the processing plant. This and their recent gold prospects acquired from Orian`s companies makes this an interesting punt. And don`t forget Kapunda which is being financed by goverment department grants could develope into a company maker.
Thor have made losing money a fine business .
Molyhill is our one hope .
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Ahh just in time for the next placing.
Alfy old boy I am gearing up again for gold production and I am a pegger ! Share trading is only a small part of my modus operandi. Companies /individuals are dropping some highly prospective gold ground in the Pilbara -picking up more acreage early next week. Don't forget gold is still about AUD $2450 oz -with production costs less than $1,000 oz its got a long way to go before we will be concerned. Noone listens in the UK -all focussed on trading -the real money is in acquiring tenements and vending into listed companies.
It seems no amount of "good news" can keep this share price up, quite the opposite.... maybe if we say there's loads of bad news it might go up?
Looks like MB has signed a new long term contract on improved terms!!!
Its either they have discovered a cure for the Coronavirus or Micks going.
I am still on the fence what I am in favour of !
GLA
We are starting to cook with gas ! Thor are keen on the Split Rock project in the Pilbara -gold and potentially nickel and Karlawinda is in the frame. Check out Capricorn Metals -a market cap now of almost $500 million. Anyone with ground adjacent in the wide east west strain zone -part of a larger regional shear is potentially sitting on very valuable ground. Gold is roughly AUD $ 2500 oz - more than twice the average AISC .
Karma perhaps?
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Looks like a 0.38 finish .
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More buyers .
It`s a possible outbreak of good news ahead ?
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Possibly a buyer of shares ?
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Which one will we be rid of first?
We are stuck between Mick and the Coronavirus, talk about Devil and the deep blue sea !
Well answered - I agree with everything you've said, it does make me angry to think someone is living lavish off my bill while delivering no value to the company
Just remembered I can filter out names, happy to listen to anyone (even if they are negative) but someone who puts so much effort into a share they don’t own, I don’t trust! Good bye alfp123 I hope you can get life based on your own problems
Edging ever closer .
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Hold on...this whole time you've never had/have shares in Thor but you consistently post on the forum ripping on the company, lol! I don't mean this in a rude way, but why do you bother?
While I still remember my password (I was so feb up with the comments I had to redo it’s I could reply) can someone with shares explain how there are so many silly little sells for a few pounds at a time and why it takes the price down so far. I think someone is selling small value amounts so it looks like there has been loads of selling off?