Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Hard to shake empty branches
A shake.
Mate of mine is on the pow telegram group, according to them they are adamant thor are starting to sell a load of thier shares.
Why would they do this other then clearly needing the money
I thought I bought in at the bottom, it's hovered around it fit months but what's this ****
Whether it's good, bad or indifferent who knows, but as a long suffering shareholder, I'm hoping for a modicum of good news.
There's a lot of news to come out in the near future, that's all I'm saying.
Since when was stating the blindingly obvious 'bashing'? Give me realism over denial any day.
Molybdenum at 46.50 yoy high,
Uranium spot price has to rise to at least $75 lb or the lights go out,
All eyes on China reopening in 2023 that wold give Dr copper a boost,
Also the US Dollar is about to tank which is extremely bullish news for commodities.
Interesting to see the bashers getting in early.
Maybe mm's are playing games and having a tree shake.
When are the Uranium drilling results due?
'It takes around 5 yrs from making a commercial find to production and requires support from one of the majors to finance it.'
Ive asked elsewhere do we need someone who is not a geologist but a very good negotiator to get us a good deal with a major?
Im sitting on 60% losses here, Im more annoyed at not being able to buy more shares at this price than the actual drop itself.
At some point the copper play is going to become the rising tide for this SP.
Sentiment has turned against these small exploration stocks.It takes around 5 yrs from making a commercial find to production and requires support from one of the majors to finance it.
Whose selling? The ones that realize this is a lifestyle company. Always has been always will be. I expect another placing soon. Look out for the "This has such a low market cap ..." brigade to pump it for the flippers. IMO.
So whose selling here and why?
Hi, Paul
Probably not yet. There are still some POW shares to sell.
got to be a dilution on the cards ?
A change of focus to Uranium would be the Christmas present I want!
Change of address for Thor's office address (6 The parade SA 5067)
Looks like there is plenty of office space, several offices, maybe just maybe Thor are thinking
of starting to take on staff got to be a good sign.
From the announcement:
The highest and lowest market prices of the Company’s shares traded in the past
three months immediately before close of business on 11 November 2022 were:
Highest: $0.120 on 9 September 2022
Lowest: $0.007 on 1 November 2022
Someone surely got their decimal places mixed up when writing that.
ASX announcement, interesting, don't think I've seen a reminder before. Could something be brewing?
https://twitter.com/ThorMining/status/1593476640989847553?t=RIxkYhMCiZeGG1RHgVExhA&s=19
2005 when I bought in at a few pence then buying up to 10p hoping for £1.00, it was Molly hill then and I think Mike billing was always there, then came consolidation (I think 2013) and I have been averaging Down since and 2p is my aim now, Definitely closer to 20 yrs than 9 (nine is probably the consolidation time span. Thank you for all the responses I’m going to hold on for another few years (kids may be the ones to benefit)
EEE a case study in hanging on and hoping for better days?
No matter how bad the management if your mining company is sat on significant reserves of industrial or precious metals then in the end someone is going to make it pay. I accept that along the way a bunch of small investors lose money, been there and got the tee shirt.
P1D I appreciate the pain of averaging down nonetheless I would stick with THOR a little while longer.
Doctor Copper and Uranium to the rescue!
Elsgly, not that I know from time served but looking at the chart going back that the last time it was 10p was 2013 and going back from then was only higher, it might feel like 20 years but it doesn't look like it?
Hi, Elsgly
If it's any comfort to you, I held GGP for ten years, before breaking even. At the low point, I was more than 90% down.
I think the plus points here are (i) the CEO, Nicole Galloway; (ii) the copper in South Australia, which should go into production in 2024; (iii) Molyhil, which has had a feasibility study done, and Nicole now intends to sell or jv.
The other stuff is exploration, and may or may not work out.