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Agree but there was lot of hype at some point for Metals , and missed to take small Loss, rather getting is this situation.
“ They haven't done anything for the past 20 years except issue shares , pay themselves and drill. Nicole has been well trained by Billing.”
I had to chuckle there, but come on. One drilling campaign which was not fully complete due to circumstances beyond her control and you are crying out. Progress was made in identifying hot spots or not in this case. Let’s give Nicole the three to five years she deserves with recognition to the ‘pandemic’ restrictions she is working under.
Hi, Paul @11.41
The "board and management" section of the website has been updated, to show Potter as the non-executive chairman; but, as you say, the "contact" section has not. I will send them a message about this.
On your substantive point in para 1, yes, I agree. Potter ran a successful hedge fund, and is chief investment officer of Metal Tiger. He will arrange any joint ventures, etc; while Nicole does the geology.
Ah I see as of RNS 7 December 2021 we are awaiting results in first quarter.
But since there is civil strife Down Under, it is fair to say it is a longer waiting game and what is to say the drilling was competently done under the conditions of the 'pandemic'.
I thought Mark Potter had some role in that side of things.
Mind you the site has not been updated yet
https://www.thormining.com/contact-us
Corporate Directory
Directors
Michael Robert Billing (Executive Chairman)
Mark Potter (Non-executive Director)
Mark McGeough (Non-executive Director)
But then again what can he do until all the drilling has been completed at Ragged Range.
However Molyhill, what is going on there to move the project forward?
https://www.thormining.com/projects/molyhil-tungsten-molybdenum
Why have you invested that amount in one share?
Say if you had £40000 in a SIPP to invest more than £2000 in anyone share is suicide.
I am in a similar boat and did the silly thing and went in to nearly 10% but I will sit this out for another five years, it is just the opportunity cost of being invested elsewhere.
Its at times like this I flip to the invert scale function on my chart. Doesn't change anything, but oh boy it makes me feel better for a split second .
Nicole sounds like a cracking geologist. No issues there. This role however is a step up for her and I'm dont think she yet has enough experience in broader strategic and bod issues. Hence she is still MD. The problem is the bod is too weak and lacks experience in the deal making / commodities arena.
Well my 40K is now down to around 10K, so simply I can not sell them at such a loss, so holding is the only option. I am so annoyed that we were blaming Mike but with new lady luck it has gone more than what it was when Mike was in Charge.
To me it seems that mick billing legacy continues. Sale of pilot mountain, changeing terms of sale, delays, destroying share holder value. Personally I think that before investing i need to do much more due diligence on the ceo. Does Nicole have a good track record in exploring for metals? Someone enlightene me course I am not sure.
LOL ... "As I have stated previously, it would have been far more cost effective if the BOD had done nothing the last twelve months."
They haven't done anything for the past 20 years except issue shares , pay themselves and drill. Nicole has been well trained by Billing.
Talking to myself here:
> But sounds like everyone (including me) has maxxed out the amount they are willing to own of THR
I suppose the point I missed when writing this is, if the company looked in better shape then I would be willing to own more of it.
>Nicola is lying about progress being made here. No progress has been made. We already know they delayed the permit decision (on request from THR) until 18 March at the very earliest. Oh dear.
The progress with Colorado DRMS is visible on-line at https://dnrweblink.state.co.us/drms/search.aspx?dbid=0&cr=1 (search P2021008) - DRMS wants to see docs about access rights - there is some permitting work happening with San Miguel county that we don't have visibility of - the outcome of that will provide the proof of access rights for DRMS.
So, if we want to give benefit of the doubt, then we are to believe that progress is being made with San Miguel, which we can't see.
Every other board has chatter about people averaging down while the market has fallen. But sounds like everyone (including me) has maxxed out the amount they are willing to own of THR - no one tempted to average down (double up) at these levels?
"Its a second rate BOD who have not really delivered anything in a year"
They are struggling to get food onto the shelves down under and there are mass protests against the mandatory jab and participation passports.
As I have stated previously, it would have been far more cost effective if the BOD had done nothing the last twelve months.
Nicola is lying about progress being made here. No progress has been made. We already know they delayed the permit decision (on request from THR) until 18 March at the very earliest. Oh dear.
That’s the risk of investing and this is AIM. I bought 3m yesterday and will probably do the same today!
Before we start jumping to the defence of the BOD and belittling the 'misers' and 'naysayers' just click the little box above that is labelled THR Share Charts... Then click the tiny little button for 1 year... That lovely red (tanking) line is actually the responsibility of the BOD... from 0.9 to 0.475... Over a year... There is/was so much potential here and their actions and leadership have halved the value of my investment with zero consequence.
Please tell me, who should I be blaming? Me? No... The BOD... Wake up, smell the coffee. Its a second rate BOD who have not really delivered anything in a year... But like some are saying 'we have lots to look forward too' - click that 5 year button on the charts and that might show you... I am angry yes, and I don't need any fresh air
@naise... nicely put
@imp... hope all is good with you. Clever retort lol
Re bsg being right..... even a broken clock gets it right twice a day
Agree, unlike some blinkered members won’t want to accept, that despite historic values of how Thor has progressed, choice of management etc.... this is a new team (effectively) and under Nicole’s wing it’s overall been a breath of fresh air....
so let’s perhaps try and give Thor and new team a bit of gracing and we still, as already mentioned, got plenty to look forward to.
UNB1
The difference with your posts Paul as opposed to the misers.... yours are at least “on balance” not overly dramatic and whilst being, as you called, feeling livid, you are at least taking a constructive angle.
The thing with these misery numpties is that they there’s no logic (aside alterior agendas) to continually slate a company their invested in. Given this example somewhere else before..... if you were going to sell something of your own, privately, you wouldn’t be knocking it down as you’re not going to make it appealing enough for someone to be interested in.
Logic applies in both.... ideally buy low sell high..... flippin no brainer. I don’t care how long some of you have been here, that’s your prerogative, the logic still stands.
So please, misers..... why not pop out to your local pond... feed the ducks (with proper food, btw, and not bread) and catch some fresh air.
Oh, and beaub... daffs aren’t out yet, at least not in my garden and please don’t insult me with the disgusting habit of smoking.
Let’s just hope we can put this day behind us, and get our future sights into what’s still to come. Thor can and will still come good, just a bit further down the road now.
Gl all genuine holders
UNB1
Hi, Paul@ 15.38
Don't be angry, it's not good for one's health.
Best wishes
Hi, User @14.50
I'm with you on this. Exploration companies don't always find what they're looking for. And machinery sometimes malfunctions. I don't see why we should blame this on Nicole. These things happen, and one should remain cheerful in adversity.
As for the naysayers, they're not all the same. Beaub11 shows a charming literary quality in para 1 of 1508; which has not so far been manifest in the messages of bsg (though he has been right on the most important matter, which is the share price).
Imp2... Its the lack of consideration of pi's that galls me.
They could and should have commented on the delay and reasons months ago and that way I'm pretty certain we wouldn't have this panic selling today...
The only winners as always are the mm's
If and when it bounces back they will keep opening the spread and continue making a killing... At our expense.
I stupidly invested here in my SIPP, I am far from happy I am livid.
What is the point in finding fault with management at Thor, they want the results to.
I am a long term holder here with an horizon of five years, there will be lots of ups and downs.
Personally I'd have preferred them not have attempted any drilling during this lockdown period and saved the money but with the benefit of hindsight that situation is not so. In fact it may be more cost effective for THR to do nothing for 12 months until things settle down regarding supplies and logistics.
BC on the HC Board posted an interesting point
https://hotcopper.com.au/threads/ann-maiden-rc-drilling-commences-ragged-range-project-wa.6343706/page-109?post_id=58946712
It will be interesting to see if THR find Lithium targets. That would certainly light up the share price!
Personally I don't have a problem with the RNS. I will be more interested to see where the share price is in a few weeks. Its a difficult time.
Took me a year to complete a manufacturing job during covid that would normally of taken me a couple of months, so I can wait .