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It seems they could have raised twice as much at 0.85p a while back, yet they accept 0.65p this time. What does that tell you about the company?
Whoop Whoop Billing can go drilling.
he is trading this share, has been for years.
Surely all this is to keep them in a job (look after no. 1). We just hope they come up with something that makes money. LOL. IMO.
The tone of interviews at the time and MTR response to the placing suggested the latter.
You know this? How? Or are you just speculating?
It wasn't, it was to keep Billing in a job.
That'll be probably when they were buying equipment etc in exchange for shares.
B2, look back at the history a bit and see some extraordinary placings at deep discount. There were a couple at 0.02p ish around the 2 - 2.5 Billion share mark. One was out of the blue when they had funds.
You are being very melodramatic bsg4 however I do agree that this is not a get rich quick share. My advice, fwiw, is to slowly build a stock of shares over the next couple of years or so. More placings to fund more investigative work, testing and further research will be had in that time before the full picture is known. Then you may have to hold on to your hats!
My buy showing as a sell.
Scopio. I used to lose money, but then I realized I had to buy and sell at the right times. Made the world of difference
Yes, the words are wasted on you Naise. But may stop some naive punter losing a few quid.
Next placing after Christmas @ 0.45p is my guess.
Post all the negativity you like, wasted words
Wasn't there about 350Million shares after consolidation. Now well on our way to 2Billion shares. You couldn't make it up!
At the previous placement Billing said
" We were offered twice as much as the 750k at 0.85p but didn't want to accept it as we expect the share price to rise at some point"
Management achieve nothing in the duration since and instead accept 800k at 0.65p
He is a complete ******.
at least some of us know what were taking about
****Lifestyle company27 Jul '21
Funds raised to achieve workstreams ? Yes
Cash outflow ? 624k
Director Salaries paid ? 126k
Work streams completed ? None
Management targets hit ? None
Alford East completed ? No
U S drilling done ?No, No permits yet
Ragged Range drilling done ? No , Need to build a road and do more sampling
Kapunda gold drilling done ? No
SELT test done ? No
Molyhill ? Nothing to report
pilot mountain JV? No
Work started to raise more funds ? Already underway.
Micks trained her well, get the placings going. Also, probably another consolidation will be due soon. Another way to decimate share holder value.
TrekMadone
You are defintely right that in the July 2021 presentation they say they have $1.1 mln cash, and then at the end they state they are "Fully Funded -Focussed on copper resources, plusgold & uranium discoveries....". Complaints are certainly in order.
This placing, thankfully at a relatively small discount, tells me that the new exploration manager may have not considered the company fully funded, and is keen to get more drilling and studies done. Fingers crossed that is the case now the company have doubled their cash reserves.
Z
It's probably time for them to buy some more (5th rate) claims to keep their pipeline going. Drill and place. Lifestyle company.
Explains the drop yesterday with front selling by the MM’s more than likely. The problem with Thor is that they always like a big discount to the SP on a placement. I will hold but have no intention of topping up, I made that mistake before.
I must say when I saw 0.65 I thought yer thats ok. Could of raised a few months back higher. I just want to see them deliver now and catch more attention
There's the first placing, earlier than expected. Although that's always been the way. 0.65p is a good price for THR, it's normally at a deeper discount.
I have no problem with the company raising money. It’s why they come to market. What I do have a problem with is putting a ppt out saying fully funded at the same time as they are raising funds. That should be viewed as a crime, enticing buyers under false pretences.
Trek