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MTR are tightening the screws on Billing and have the financial clout to do so, he will no longer be able to make endless promises and not deliver - the MTR statement on Thor says all you have to know.
For the above reason (as well as ROCK & EUA retail punters in Thor = profits transfer) I believe the shares are a buy with a view to a significant bounce from current levels.
Can see .60p coming quickly then a move to 1p+
Looks to me like one of their largest shareholders has said get this into gear and quickly. I am now hoping that we get a raft of positive new. Yes would be nice to get back to 4p but a penny for starters will be fine. There is still plenty of potential here.
I’m guessing there will be additional cost savings tomorrow at the AGM
Molyhill finance and off take last I heard is due in December - just like ROCK we may soon see the placing stock flipped and if that happens it will break 0.3 and run back upto at least the 0.6/7 range it was trading before the placing drama. If Molyhill finance is announced its another run away like ROCK and a few others
I’m also sure investors that have made money in ROCK will be transferring into Thor at these levels in the coming weeks
There was a big rise in VAL shares a couple weeks ago. 100% up and boom, placing! Dont be suckered in with that RNS it gave nothing new and is a clear attempt at flipping shares. Imo
I'm reminded of the old phrase. "Those who cannot remember the past are condemned to repeat it."
"The Directors of Thor have taken steps to reduce Directors remuneration". Too little too late. I imaging there will be a share option soon to cover their losses.
We want to see a 50% cut in director pay not some small reduction in tea, biscuit and entertainment.
BOD pay in total is about GBP 600k annually.
That's too much for a cash strapped tiddler
the last 6 or so sell trades over .251 are all buys. mms trying to keep the price down
A 6m buy late yesterday after that RNS. Thought it contained excellent results and some additional info yet to come that could be even better. I agree its just short term . Nothing has changed. . Unless theres a leak Billings is about to go. ( ha ha )
Since yesterday, ie the rise in SP and good chat on social media - from 22 to 27 in a day sentiment up short term - maybe not long. SL
Last little pump to let some flippers out, in case AGM goes south.
AGM tomorrow to approve the issue of about 130m placing shares.
Could be an opportunity to buy more cheaply next week
All shares are about sentiment A1m and at the moment it’s up. As I said the real long term doesn’t really worry me, or what the directors do or don’t do I am just interested in buying on an up trend. Anyway GL bud. SL
Understand A1m but It’s all about making money and sentiment can drive the price forward, been in this game along time. I don’t expect I’ll be here for ever. SL
+25% already. SL
Maybe a turning point. SL
A1m sounds like you might be better selling, even at a loss. I’ve done it on two or 3 stocks recently it’s hard but when you have lost faith sometime better to move on. SL
Get the drift thanks. Took a few anyway as something has got to give, sounds like an asset sale a good option if they were able to get that away. Also looks like the chairman’s took share on last placing so will want to see a return im sure. I’ll pop in occasionally. GL SL
Silver light.
CEO has failed to secure funding for the flagship project Molyhill despite a long cash runway of up to 18 months. Price of Tungsten had tanked in the mean time and they did a massively discounted placing to keep the lights on. Also they failed to attract Third party interest in the other 2 projects which are probably more exciting. Also done nothing with the gold prospects acquired in March 2019. Confidence in the management is shattered.
Been 2p this year?
Trying to work out why mc so low here, assets suggest otherwise? SL
Just remove Billing and focus on gold - Thor have very exciting ground holdings immediately adjacent to Capricorn Metals and they wont even acknowledge the project exists. Top geologists are incredulous that no preliminary work is being conducted whilst Billing keeps drilling tungsten and copper projects in which no one is interested.
I'm sitting in a couple of howlers as well mate, VAL, THR and AAOG (LION) now Tally, have all bit me big time. They say diversify but it hasnt bloody helped me. Mistake I made was investing...AIM is not an investor's market. Good case for all the companies I invested in but unfortunately that CEO spin I was talking about seems to always be about 12-18 months premature "go figure" as Americans say. Lion has been delisted for 2 years waiting on some paper work and an app, set to relist in May. On the plus side I'm good at smelling bullsh/t now
aim1 I think your tag is a bit of an oxymoron this day and age. Especially where lifestyle companies like THR are involved. I see we're still drilling (burning cash).