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Got to hope the Gold assays are really good; The Nickel results won't cut it much with investors. Hopefully some buyers come in on anticipation of the gold results and push us near 1p before the gold results and then we can breach that 1p and stay there with future increases on more news.
I wonder if some people here are being a bit rosy-tinted.
With quoted spread at .56 / .58
MMs are offering shares for .5635 but are refusing to bid (except for ridiculously small amounts such that they are obliged to bid, in which case their bid is .5615)
Based on that, it looks as though MMs are already awash with this share and do not want more.
The overhang from last placing is holding the price down, mm are just moving the spread back a forward to get rid of surplus shares.
You're right, very muted response to a decent RNS imo. Just dipped my toe here with a 700k investment. Looks like a pretty news rich period coming up to keep things interesting here...
given the great news, the fact that the market in minerals is now starting to ramp up with manufacturing and other industries turning the lights back on, this share should be alot higher already, and with the good news today.
can see the MM buy as much as possible and holding while at this very cheap price.
at this price a great share to buy some of and sit on while working on other things.
Definitely an error with buys and sells also look how positive that RNS was, still expecting good gold results!
Think MMs trying to collect on the cheap before the crowd comes in ahead of Gold assays.
Using a wide spread, so system records Buy as Sell when its executed below mid price.
Why is my buy showing as a sell. Think there are lots of others..
Gold assays to follow.
THR current MCAP at £7m only?.....cheapest given the quality of assets it has acquired over last 10 years. Time to reap the rewards now as new commodities Bull cycle kicks in.
Even at 4p...MCap would only be £51m.
Claire,
Excellent summary.
With commodities new Bull cycle just starting, THR with its multi-commodities assets in prime position to gain.
At £7m MCAP.....this is ridiculously cheap...free money.
Mick Billing, Executive Chairman of Thor Mining, commented:
"These nickel and chromium assays are very encouraging, and well worth follow up programs".
"We appear to have a nickel bearing system of relatively impressive size, as indicated by the width and strike length, as currently known, and also by the relative consistency of the gossan samples along the gossan, and we look forward to testing this further."
"Global nickel pricing has recovered strongly recently, with Argus Metals quoting US$14,788/tonne at the time of writing".
"The next phase of work will be to review existing geophysical data, and potentially additional geophysics, to provide definition of potential drill targets".
"We also look forward eagerly to confirmatory gold assays from the stream sediment samples collected which contained visible gold in 17 of the 32 samples collected."
The mining industry as a whole has been slow this year due to C19, when things big up these guys have a lot of resources ready to capitalize on:
Thor holds 100% of the advanced Molyhil tungsten project in the Northern Territory of Australia, for which an updated feasibility study in August 2018¹ suggested attractive returns.
Adjacent Molyhil, at Bonya, Thor holds a 40% interest in deposits of tungsten, copper, and vanadium, including Inferred Resource estimates for the White Violet and Samarkand tungsten deposits and the Bonya copper deposit².
Thor also holds 100% of the Pilot Mountain tungsten project in Nevada USA which has a JORC 2012 Indicated and Inferred Resources Estimate³ on 2 of the 4 known deposits. The US Department of the Interior has confirmed that tungsten, the primary resource mineral at Pilot Mountain, has been included in the final list of Critical Minerals 2018.
Thor holds a 25% interest Australian copper development company EnviroCopper Limited (with rights to increase its interest to 30%). EnviroCopper Limited holds:
· rights to earn up to a 75% interest in the mineral rights and claims over the resource4 on the portion of the historic Kapunda copper mine in South Australia considered recoverable by way of in situ recovery; and
· rights to earn up to 75% of the Moonta copper project, also in South Australia comprising the northern portion of exploration licence EL5984 and includes a resource estimate5 for several deposits considered recoverable by way of in situ recovery.
really great news, a lot of Thor strongholds are starting to get positive results and mining commencing. looks like this company has reached the turn around point for a healthy future.
For this one place here appears to be some big amounts of Nickel and Gold :)
"100% owned Pilbara Goldfield tenements (E46/1262 and E46/1190) in Western Australia. The results indicate the gossan is strongly anomalous for nickel over the entire 900 metres strike length."
"We also look forward eagerly to confirmatory gold assays from the stream sediment samples collected which contained visible gold in 17 of the 32 samples collected."
Nice read.
Onwards and upwards team.
https://www.tradingview.com/x/wQQJaI86/
support point 0,512
The overall image seems to have broken the trend of fall and the price at support area
Just need some patient
Sorry 0.58 and 0.59p
Afraid when that trade was timed the bid was 0.48 offer 0.49.
Is somebody building a position here ?
While it's cheap...do not blame them.
We know how fast this can move.
£7m Mcap and only 1.2B shares compared to others with 10 x more shares in issue.
£28k.......hmm
Not your punt money that.
4.9mil delayed by from Friday looks interesting
Love the CEO comment
...."whole area is polluted with Gold"....
Past RNSs and 31 July proactive video interview.
Proactive interview from 31 July and past RNSs.
Where did you get this information any sources?