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Tungsten price increasing,
https://mobile.twitter.com/MickBilling/status/1179892600544755712/photo/1
"Mark Potter does not hold any shares in the Company. Metal Tiger plc, of which Mark Potter is a Director and Chief Investment Officer, holds 74,050,000 Thor Ordinary Shares of 0.01p each, representing 9.01 per cent o f the Company’s Total Voting Rights"
I wonder if Sprott are interested in THR?
https://www.proactiveinvestors.co.uk/companies/news/203944/metal-tiger-closes-26mln-sprott-offering-raising-62mln-in-combination-with-recent-placing-203944.html
To be fair we need to know how this guy has been progressing since his appointment, it would seem it is his job to sort out the finance and investment.
https://www.thormining.com/sites/thormining/media/pdf/asx-releases/20190828-appointment-of-director.pdf
It's best to wait for the placings before topping up here. Normally they're at a discount and the price follows after the flipping is completed. Although this has gone down 99% since I've been watching. You can't say it will not go down 99% again from here.
Rinse and repeat. I've seen quite a few come and go here, spouting how it's going to 10 bag etc.
The closer this gets to the end of the year with no news the more this will be priced to go bust. No drilling at Bonya is either cash preservation or selling MH.. I hope Billing is sweating. He should be.
0.5 for Mick Billing's illegitimate bastad love child
awww sheet, good time to jump in?
I certainly get that feeling, mates rates...rinse and repeat But we never know when.
More pain to come I'm afraid. Placings galore.
This is painful to watch !
Looks to be the same confident seller...in the know perhaps.
Agreed Thor are not a gold company yet -I have twenty Aussie goldies going ballistic and I am the most excited about gold I have been in my 50+ years in the business. I can't tell you how pleased I am that I have organised the best geologist in the Pilbara for Thor and I am sure you are going to be hearing something soon. Now for Karlawinda - check out Capricorn Metals - its latest reports and stay tuned for the next report which must be imminent. Everyone wants Mick to put our gold projects first and foremost and if I had my way I would like to see Thor secure more gold projects in WA. Gold is A$ 2235 an oz tonight -that represents over $1000 oz profit on average AISC . Get behind my push along with other major shareholders to turn around the Queen Mary ! We need practical mine finders -we need to be gold producers -hopefully that journey has started. And Cobra our last listing starting to stir -- and check out Australian Anglo -- another multi bagger.
This share is really starting to **** me off, no matter what good news I read on it, the price stays the same or sinks even lower,
And of course as we know Thor is on the road to cease trading in 3 months unless there is a cash injection . Negotiating from that standpoint you are over a barrel.
It is not looking very good to me, we are months over due on finance. I hope it is not sold to the those who could be attempting to destroy its share base for an easy low ball offer. But this is what happens when the west sits on it financial hands.
GLA, i think we are going to need it, as for gold investments there are many more better propositions out there than Thor and luckly I invested in them or it could have been a painful investment year.
I was taking the second round of Bonya drilling and rapid turnaround into a resource as part of suring up of a loan agreement or Thor calculating what they could recover back from that which is lost as part of a JV. Drilling was planned for mid to late Sep when announced in July . You would think some urgency to wrap things up. If nothing is heard by next week on this it does start to infer Molyhill will be sold . A cash injection to develop the other assets on the books.
This is China saying, if you want tungsten YOU PAY THIS FOR IT...to the World, and until other companies develop their assets they will have too !
http://www.asianmetal.com/TungstenPrices/Tungsten.html
I am definately getting buyers remorse on this share !
according to Orion they only need a hand-held metal detector to go and find Gold in the Pilbara/Karlawinda assets.... GET ON WITH IT THEN!
The question remains though... if we can't do a deal on Molyhill with Tungsten/Moly on the floor... how do we expect to do a deal once the NAV rises?...
Tungsten prices in China continue to increase, they will have to rise in Europe as they will become depleted quicker.
http://news.chinatungsten.com/en/tungsten-product-news/123349-tpn-8547
Positions them far better this year than last. Lot's of good investments which hopefully will reap the rewards
cryptomuppet needs to pump this on twatter
No the subsidiary Pilbara Goldfields has some cash and it is not conventional exploration in the early stages -just a practical geologist /prospector and a metal detector. Then if successful more detailed exploration. Karlawinda due to its proximity to the Bibra gold mine is like Artemis at Havieron -stock has ran hard without a drill in the ground.
still needs financing/dilution etc...