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Call me stupid
But if we raise at 0.2 - 0.25 I will put a few K more in and bring my average down to around 1p
Without Micks Crap we do actually have good assets.
Gold districts ( never talked about )
Good NPV and expanding
Gold royalty
American asset
All for the current MCAP
It’s defo worth the risk
I mean £10k down the drain I can swallow
But imagine we get a deal and return to 4/5p
More dilution
.20 placing, directors putting in sweet **** all
Mick hasn't a clue
£500,000 raised with no directors skin in the game
What does that tell you ?
exploration comps are all the same,every 6 months or so,they do a cash call.
the oilies are worst,size wise.
all you can do,is sell on any good rise,if you were lucky enough,to buy on the low.
if you go long,you'll lose money.
Alf, i suspect a deal has not been done because Mick has been unrealistic in his expectations. It's a tough market and compromises have to be made.
At least the fund raising will remove some of the uncertanty, i hope it's for a decent amount, not just a few quid to pay salarys.
I don't want to see the paraites, Noveum, YA etc involved.
No shock here ,it was inevitable. What can we glean from this ?
The usual city gobs**es in the know have forward sold with the help of their mates the MM's, also in the know. If thats not insider trading i'm not sure what is. This effectivley mean the placing price will be lower meaning more shares will have to issued to raise the requisite amount.
It possibly also indicates any deal is not close,if it was we wouldn't need to raise.
I hope that MTR invest heavily in the placing, i will certainly see that as a vote of confidence.
Most of the companies PJ is involved in regular placings like this. Best to avoid all of them.
No doubt most placing shares have been forward sold. RNS tomorrow morning. Shareholders have been conned again. :(
Not to go anywhere near anything to do with PJ but I purchased in the 3’s and kept averaging down! I could see the same pattern as what happened when insiders were selling down to the 0.85 raise, so I sold at a significant loss at 0.62 and glad I did. This was pumped and pumped by a few and I kept getting told to look at the assets! Unfortunately the assets aren’t enough unless the BOD are trustworthy and stick to targets. I do believe this will recover as those involved get their chance to sell into any recovery. May even get back to the 3’s and 4’s in time but not without some significant changes that rebuilds trust. I think the raise will be around the current SP or even at a slight premium to get things turning!
What ever the outcome MICK please step down, you have done nothing but fall into the hands of these financial parasites...YOU HAVE FAILED TO PROTECT THE SHAREHOLDERS ! Just go ! Really just go !
I am invested here.
Down like pretty much everyone here and an average of 1.53p so well under water here.
We all knew money will be needed - as Mick always said we are funded until November and guess what November is upon us.
However I agree with most - we have and are led to believe we have some cracking assets BUT more importantly that financing ( IS / WAS / SO CLOSE / IMMENENTLY ) and i didn't sell as I thought it might actually be close but now many many months later and a share price going from over 4p to under 0.4p is ridiculous.
I agree
Mick needs to ... Deliver ( which he hasn't in years ) or GO !!!!!
No more JAM TOMORROW !!!!!
MB is not a geologist Troajan, he is an accountant!
Seller...
More shares for the city boys...at a great discount...that confident IMO sat at the inner managements circle........
mb is a geologist,that;s all....he's no businessman.
he needs to sell molyhill,with no dodgy partners,like orm,that can take you to the cleaners.
to many assets atm,so the cash burn,burns at an higher temp.lol.
17 October 2019
STATEMENT RE SHARE PRICE MOVEMENT AND SPECULATION
The Board of Thor Mining Plc ("Thor") (AIM, ASX: THR) notes the movement in the Company's share price and recent speculation relating to a potential fundraising transaction by way of an equity fund raise. The Company confirms that it is in the process of undertaking a fund raise and will make further announcements as appropriate in due course.
Orion see thurs 27 aug RNS,
Mark Potter has been appointed to the board to deal with that side of things.
It’s only just over two months later.
Yes maybe THR need to adjust their expectations or prove their worth, sit tight.
Seems like that is the market rate for funding which THR are probably not interested in.
Orion 10, if you are someone in the know as it where ,could you please tell us who the constant seller is as there have been no rns's. The MM's seem to be able to drop the share price at will.
I have sent a clear message to all major shareholders - hold the current assets but immediately refocus on gold. The company has the Panorama project and Karlawinda and can easily take on an additional gold project -exactly as Northern Cobalt announced today with the stock up 107%. I and many others will support Thor if the current board is replaced with a young switched on mine finder backed by current major shareholders. All the Aussie juniors one by one are abandoning battery metals -copper -nickel which continue to tank and switching to gold. Companies here in the lithium space like Altura cant make a profit from lithium - everyone is getting out of cobalt -graphite - but UK investors are slow to catch on yet. Get the message out there to refocus Thor on gold -it is a highly liquid stock and then and only then will investors pile in Thor. Billing must go -he is completely out of touch with reality .
People here ought to read the ORM rns today to get a good insight into Thors struggles. Eye watering rates from their JV partner
It's been like that for yonks. The placee flips them needing a quick 10-15% which the nearly always get. Then the price drops below the placing price for a while and they're hoovered up by the patient PI's who think they're getting a bargain. But they're not because there's another placing a few months later at half the price. The consolidation hides this as punters see the resources and go on about the low market cap. This has gone down 99.5% since I've been watching (2011). It's all water under the bridge. Mick living the high life will continue for some time yet. IMO.
Don't forget the cosy relationship between NED's and execs. It's like the old school tie. They're not going to sh** in their own bed. So this will just go on and on. Next year, lots of placings, highly dilutive. Then another consolidation. Rinse and repeat.
This is by far my worst investment, down 65%...just holding out now for a hostile takeover, It would make a nice Christmas present that’s for sure.
Some honest transparency is needed not the latest lantern waving drill turning in the ground story.
Fair and valid points Willowman.
I have read through the rns's regarding MTR's investment here and i just can't see them letting it fail. They have a man on the board and i seem to remember reading ,a while ago, that they have a clause that allows them to get involved with any new deals, including funding. Putting Mick's failure to get a deal aside,the reason the share price has fallen is because someone is steadfastly selling. There have been no changes to the signicant holding amounts so it can only be a short. If MTR and PJ are still holding i see that as a positive.
I might be completely barmy but i have added another million to my holding at .362 (last trade). My average was 1.8, i now intend to bring this down by taking advantage of what i see as an sale price.