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Hi guys, hope your all ok.
I've been reading up on thor mining,and like the prospects here however I was reading over the rnss and the one from 2.10.20 re general meeting and issue of equity. I want to make sure I understand it right pls.
Metting to take place on 20.10 and put of the meeting is to discuss and get shareholders permission to add to aim 53+ million shares to trade on 23.10.20 this would be putting with all warrants / shares etc into the 1.5 billion shares in issue?
What if anything do you think this issue of extra shares will have on the sp? I'm debating whether to jump in now or wait until after the new issued shares are on the market.
Info from the rns "Settlement and dealings
Application will be made to the AIM Market of the London Stock Exchange ("AIM") for a total of 53,833,333 new Ordinary Shares, pursuant to the Conditional Placing, which will rank pari passu with the Company's existing issued Ordinary Shares, to be admitted to trading. Dealings on AIM are expected to commence at 8:00am on or around 23 October 2020 ("Admission").
Total Voting Rights
For the purposes of the Financial Conduct Authority's Disclosure Guidance and Transparency Rules ("DTRs"), following Admission of the Initial Placing ordinary shares, Thor will have 1,493,204,800 Ordinary Shares in issue with voting rights attached. Thor holds no shares in treasury. This figure of 1,493,204,800 may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company, under the ASX Listing Rules or the DTRs."
Any guidance or experience of this placing etc in previous companies for example would be greatly appreciated.
I am aware that we (almost we when I jump in) are due news on the magnetic surveys plus the info on further tenaments/ licences in Pilbara region.
But any help would be appreciated as new to investing and just want to make sure I'm understanding things correctly
Thx
53mil shares is about 3% of the shares in issue so I wouldn’t think this will move the sp much. I.e. this is roughly a 3% dilution. With a sp of 1p this may drop to 0.97
Thankyou Joey I really appreciate u replying thx
Investing is risky and it is quite common for newbies to be their whole pot on one outcome.
If things do not work out you can sometimes wait 5 years or more to just break back even.
So say I have £10'000 there is no way I would ever put more than 5% in a long speculative position, and some would consider that too high.
However I am also in GGP, ECR and AAU and made a bit in SLP so all in the same industry.
For what purpose are you making the investment is it in your Nominee Account, ISA or SIPP or just a spread bet?
Its a skill investing on AIM explorers and speculative investing.
Paul1deano- thankyou.
Honestly I'm only considering a small investment (1k) and in an isa.
I've got a few other investments and also in ggp and eua. I have researched thor and it looks promising but I'm wondering if ggp having the initial choice over tenements why they wouldnt have chosen the ones thor has. however they may have gone for what they thought were the biggest and with hav, poss scally and the goliath as well they didnt really need to go that much wider I guess. I know they also have pilot mountain in usa and the site in Alice springs, but was thinking more for the ones near ggp sites tbh.
It would be a bit of a punt and I only invest what I can afford to lose tbh.
I'm spread across a few including ftse 100/250 and a couple of pharmas on aim etc. All holdings are only small 1 or 2k . (I can afford to wait too for the money I'm in no rush)
Thx u for replying guys
Im kicking myself at missing out on EUA.
Sounds like you have it sorted, cannot disagree with your £1000 speculative investment in THR.
Novice20, invest asap. This stock price won't be too long.
Novice20, don't take any notice of bulletin boards.
better on Twitter?
Bsg first time i would agree with you.