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Paul Johnson is a serial ramper of the stocks he holds via his Twitter page. He holds 39,575,000 Thor shares yet has not commented on the price fall or the sitution for a significant amount of time. If you held shares that every tenth of a penny movement changed the value of your holding by the best part of 40K wouln't you maybe mention it? His mate Andrew Neal who also claims to be share holder, has also been very quiet. Strange don't you think?
As a balance while PJ ramps his interests with nauseating regularity, he does generally put his money where is mouth is.
Don't any of you read balance sheets?
80% free float. Mainly retail, spivs and project vendors. They're the crowds selling down. Spivs read balance sheets. Today's Sp is the result of spivs taking placements.
As for Mick going, how much will the payoff have to be? How much would a replacement cost?
What's more of a disgrace is Mick's still running the show. He should of gone ages ago.
thr's grades are 3 times higher than wres's m8
but wres's has 50 mill tons orebody,compared to thr;s 5 mill.
.
but wres as a second tungsten mine,regua...almost identical to mollyhill.but its still at the infastructure stage....its also due a resource upgrade,with intersections as high as 1.19% tungsten...so it'll be bigger than molyhill,when that news lands
I have to correct myself there, just wasn't showing on the mobile version of the website.
Found it on the web version here for anyone interested: https://www.thormining.com/investors/share-information
I paid 0.13p a share for vast resources and made about £10k in a week recently, there’s plenty of money to be made if you get the timing right and the timing is almost right with Thor now for any new investors, lots of potential here.
The death spiral is getting quicker - only 88% down now :-(
Anyone else notice this has been conveniently removed? Pretty sure it is part of AIM Rule 26 that listed copmanies have to provide this information publically... appears that rule has been broken.
Generally the best money is to be made investing in shares that are around 0.1p or a little higher on aim I’ve realised. Unless a company is producing already then anything above 0.5p is generally too high and it’s likely to ultimately fall back. Obviously every chance it will go back up again but it’s a complete gamble otherwise. I paid too much for Thor, derisked a while back luckily but hopefully will go back up towards 2p at some point in the next year!
Most recent buyers are now over 50% down already. Placing is normally at a discount to market so at this rate <0.2p. Don't forget they have no shame. Remember the 1.2Billion @ .025p. THR well over 99.5% down!
Trojan,
How does this compare with WRES re the amount of Tungsten and grades?
I wish I could sleep. Lol
Zzzz...
Thats been true for vast majority of similar expl/dev type companies for several years now. These years spanned (predominantly) resourses bear market & market where growth has enjoyed favour over value. I've read things shifting slowly towards value just in the last few months. If trade deal can be sorted, the chances of broad resources bull market increase (if Shanghai composite rising - an indication). A gold and silver specific bull market seems already confirmed & in progress and seems fundamentally unstoppable (yet possibly delayable for a low number of years max) based on flaws of modern fiat currency management.
Getting into the right junior explorer/ developers at right time (very end of protracted bear market/very early in bull market) can change things around.
Instead of discounted placing, for relatively high dilution, sell off, and sp decline followed by another discounted (form a lower sp) placing etc which after repeated incidence breeds negative sentiment and expectation of a long position leading to losses (this is what has generally been going on since 2011ish).
A lengthy bull market can create a less discounted placing into sticker hands, relatively less dilution, stable or increasing share price, potential good news is allowed to create a sp rerate up for enough time for sentiment to improve, and sp momentum set in, followed by placing/warrant exercise at ball park sp parity or even placing at small discount (but higher than previous placing), further news/milestones & increased price of underlying commodity breeds increased sentiment and sp momentum & increased sticky long positions, future funds are raised at higher and higher levels funding more potential value accrediting milestones with less & less relative dilution, mania may set in and sp takes off as general investors see the gains the sector is returning and a bubble occurs at which point its time to sell, likely years after the bull cycle began.
Alternatively larger companies with production have been raking in profits off the back of high commodity prices for years & to continue to grow their own sp need/want to add value so buy assets, they have large capital reserves & large acquisitions occur, frequently (with long term hindsight) at too high a valuation (a good thing for the seller - the junior explorer/developer) & their shareholders.
That's my thinking anywho. Thr has been severely hampered by scarcity of funding due to macro climate. If they get deal despite this climate & it allows cashflow visibility, or the climate eases near term, sp/mcap turn around could/should be dramatic.
Mcaps been >20m here with +ve sentiment, 12m would be ~2 bags from here even if upcoming dilution is 50%. Mtr, PJ, and mb have decent stakes, agree this maybe them av down, if it is it's a good sign and as cventer says opportunity is there for all (funds dependent).
AIMO GLA
capex and production costs are lower than its piers...by a long chalk
estimated of course.
so where are u getting this over promising and under delivering from m8?
actually m8
the average mine build time is 8 years,wres did it in 6 years.
so overdileved.
orm and wlfe debt is/was over $100 million,similar high tonnages,wres debt is just under $40 million,so well under its piers.
the bod are ex fortescue and rio tinto,so have very good credentials.
so your wrong m8.
but of course,production numbers are judgement day....which is what cuts the mustard.
anyway...gl.
Troajan, WRES another classic case of a CEO over promising, under delivering, missing targets and not giving a damn about his shareholders. Where have we heard that before?
i know m8,i remember when you first got into rose a couple of years back.
anyway,wres is worth a look,12 month low,the bod hold 4/5 mill of it
and first production news,due in weeks...that's the risk
and obviously,its success depends on that production data.
https://wresources.com/wp-content/uploads/Shard-ARC-WRES-31-7-2019-1.pdf
gl
I think this is to bail out Micks cronies, PJ et al. They've all been selling down. Take part in deep discount placing. Inform market after placing of their holdings and get some very juicy warrants. Lowering their averages to well under 1p. IMO.
Agreed I lost 50% of my portfolio in my first year in AIM. Slowly getting back to square one by not being too greedy and looking for companies with a Bob or two.
Good money to be made here but very hard to judge when to time it right. Maybe after the placing!
aims for traders m8,ok,there are exemptions,they say,90% of people that invest in aim,lose money and i bet,that isnt far wrong.
anyway,i only got in for the molyhill sale and thats been an 18 months delay,hence the downtrend,so ime 50% down,even with numerous top ups.
but there is money to be made here,if you can catch the new lows and sell on any good rise.
before another 300/600k cash call,6months after this one.
unless molyhill sale....lands...
.
anyway,gl guys....gonna be a bumpy friday..!!!!!!!!!!!!!!!!!!!!!!!!
Troajan.
Spot on mate. I have learnt the hard way. No reward on AIM for loyal shareholders.
Where are the people who said they are funded until next year?
Placing @ 0.2p flipped at 0.25p drift down to 0.2p buyers under 0.2p. Three months time placing at 0.1p. Then 0.08p ...
consolidation. New bunch of lambs to the slaughter saying low market cap good value after 2nd 99.5% drop and so on.
f*****g t*****s