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As I said earlier, next raise 0.1p. I think the only time to buy will be after the next consolidation. Probably after we've got back to placings at .025p in the billions.
Last year Thor's outgoings were £1.7m . ( 700k corporate + £1m exploration ). So £500k will last about 4 months. As cash was due to run out in Dec it will take them now to end of April 2020. With a 2 month window ( as per this raise ) the next raise should be late February 2020. They are drilling Bonya + kapunda in this period so there will be drilling costs to pay. No mention of the acquired Gold assets but exploration costs could also be spent on this if HMWI + MTR have their way.
Billing has now said no Bonya resource until Jan 2020. Assuming that happen s ( !) and MH deal discussions dont enter any final phase until after this , there will only be a small window to complete a MH deal in February before another raise is needed. I maintain he wont give away a % of MH without confirmation of the Bonya deposit first.
My point being it is very easy to see the same scenario of speculation / shorting repeating itself in Jan/Feb next year as nothing will have materially changed. Every chance the next raise at an even lower price.
Big changes needed here and urgently else Investors end up with nothing.
Comment est la vie ?
You'll get them at 0.1p next placing.
Not buying any till 0.18 ! Far too many millions @ 0.20 for comfort !
Good assets but rubbish management. Assets valued at about GBP 12m versus market cap at 0.26p when placing is completes, GBP 2.7m
We need to actively get new management...
Its always jubious when the trolling is always on the same company, there are pleanty other small aim companies in similar circumstances why Thor?
Brugle, it's not hard if you look at the history. 75p in new money 2011 now 0.25p (99.6% drop) massive destruction of shareholder value. Placing after placing. Fat salary for the directors, loads of drilling. Not sure what % of money actually went on drilling. Most I bet went on salaries. It will probably all happen again over the next few years.
Can’t we fire sale the Pilot mountain and throw Mike in as well...We need to keep the copper though.
BOD MUST GO...
Yes well done BSG, after all your years of predicting its at last come right for you.
Bsg4 many months. Ago you predicted what would happen and you were spot on.you got nothing but abuse from many . V well done.
MH deal ain't close since MB is able to buy shares? If it was wouldn't it be a closed period etc
Resign BOD !
I feel so stupid having invested in this and lining the pockets of a crook to live an extravagant lifestyle
Rns "as well as giving Thor an increased runway to develop its ongoing discussions regarding securing project finance for Molyhill"
Should go under placing price when MM's think flippers have made enough.
Will surely bounce of the lows soon enough.
Watch out for afternoon retrace.
MTR should take over this project and give THOR shareholders MTR shares.
I am glad a major shareholder is unhappy ( same as us all ) to the performance of the BOD.
We need Mick and Co to go and also major cost cutting here to make this cash last as long as possible.
I joined MTR in throwing a bit more at this to bring my average to just over 1p now ( only about 5 times our current share price )
Fingers crossed and Good luck all.
Pants down and screw investors BAU on AIM.
Someone said 0.2 and they were spot on
this charts pretty clear.......click onto the full screen/50 year chart
https://uk.tradingview.com/symbols/ISM-MAN_PMI/
as you can see,it shows all the recession dips,in the last 50 years.
we must be near the bottom,of the current trough.....
like scorpio pointed out,it all depends on the deal,is the deal still on the table,will the deal got done before the incoming cash call.runs out....so dunno m8,but the comps mcap is on the floor,so without another long delay,its got re rate written all over it.
.
trade war?.....and the commodity sector in general,which is very cyclical....has been in a bear market,since the bubble burst,in 2011......so in the grande scheme of cycles,the mining cycle is well overdue a cyclical upturn....but when.
not yet,because the manufacturing sector,has been in a bear market for about 18 months now
to check,look at the arcellor mittal,10 year chart.
or the baltic dry index chart
anyway,beddi time...glm
In this market all my explorers are gold, seems the only way to make a buck or two. That moly deal and if it’s a good will be the igniter for this stock but I admit I got it wrong on the timing...badly, the ongoing trade war is the issue IMO. I just have that feeling you know it will turn good.
i guess your not going into another exploration comp in an hurry,unless its for just short term trading,with a small ammount of cash
i ;earned the hard way,8/9 years ago with bmr,ore and rrr.
at one point,rrr had an mcap of nearly £100,when it hit 18p,now its worth a fraction of that,i havnt looked,a few mill probably.