Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Beaub11
one day,i'll get it right.lol.
I think you’ll find there is no low for this share it continuously goes down.
'And 1.15.....looks to be the downtrend low..imo'
That aged well :)
And 1.15.....looks to be the downtrend low..imo
lets see
Thanks for the link. They'll need to do a CR to fund the work, but looks like a busy exciting period for Thor.
Hi all, just wanted to post the link to most recent stockbox coverage of Thor for anyone interested.
Nicole comes across very well, personally looking forward to future plans.
https://youtu.be/GzPul1xiT4c?si=UklNseudrNpxBu5C
Thor drilling goes from strength to strength, I cannot wait see the capital raising alternatives at some point this year.
I emailed the company asking when next news due re US projects. Boss lady replied
"We are anticipating further drill results early May, and plan to have a few additional announcements regarding the projects in May."
Nice to get a reply. GLA
This would be how THOR view it.
8.8.1 Does the entity expect that it will continue to have the current level of net operating cash flows for the time being and, if not, why not?
Answer: The Company has minimised costs wherever possible and paused all non-discretionary expenditure. Accordingly, the Company expects to have lower cash outflows in the next quarter.
8.8.2 Has the entity taken any steps, or does it propose to take any steps, to raise further cash to fund its operations and, if so, what are those steps and how likely does it believe that they will be successful?
Answer: The Company regularly monitors cashflow needs against available cash and seeks to raise capital through equity placements as and when needed. The Company has a history of successful capital raising.
8.8.3 Does the entity expect to be able to continue its operations and to meet its business objectives and, if so, on what basis?
Answer: Yes, on the basis of available cash of $0.5m, reduced spending commitments in the coming quarter, together with capital raising alternatives.
‘ CORPORATE, FINANCE, AND CASH MOVEMENTS
For the Quarter, the Company had total net cash outflows of $479,000, comprising:
§ Net cash outflows from Operating and Investing activities for the quarter of $479,000 which included outflows of $193,000 directly related to exploration activities.
§ Cash outflows from financing activities for the quarter were $12,000, related to lease payments. This was offset by the effect of currency exchange rate movements on cash held in British pounds.
§ Providing an ending cash balance of $499,000.
Cashflows for the Quarter include payments of $88,000 to Directors, comprising the Managing Director's salary, and Non-Executive Directors' fees. ‘
Our ending cash balance ain’t all that great, so what measures are going to be taken to boost the cash balance into next year ?
I was a day early. Well at least it raised the price a bit ha ha !
Nicole Galloway Warland, Managing Director of Thor Energy, commented:
"The Directors are delighted that this Stage 1 Commitment milestone has been met and are excited to move to the next phase of the HoA, working with IVR to complete all JV documentation.
"The Molyhil/Bonya Earn-in and the JV allow Thor to retain an equity interest in the prospective Molyhil tenements with reduced operational risk. Thor benefits from exploration upside on the Tenements and receives considerations in the form of cash and IVR shares.
"The Molyhil divestment and Bonya sale support the Company's focus on its priority US uranium assets, where we see the most significant and nearest-term value potential for Thor's shareholders."
I'll never again buy an aim share. Greedy companies take the money and every now and then throw out a bone basically to put investors off the scent that their company is in fact down the toilet.
Stop drilling and save money if that share price performance is the best I'm going to get from my investment over the last 3 years. This was one share I kept when I dumped all my AIM stocks several years ago (I have no regrets on doing that)
This share is a total joke, worse days work investing in this crock of sewer,
Schhhhhhhhh. Anyone have a feel for when an update on anything is due? I don't believe from a quick read through there are any "firm" dates but surely something due soonish eh huh ? SP continues to drift on very light volume. GLA LTSH (long term suffering holders) !
Wow that was a good decision wasn't if? I'm actually in profit in my ISA, admittedly it is only one Share but nice to see still
I sold my Shares this morning and bought them back into my ISA. At least I'm able to claim quite a large loss on my Tax Return, but are these Shares ever going to recover my losses? I hoping so but I'm not too confident
This stock look like high value if a few person or any stockbroker to care permanently about low price and chart is painting down. Share price is keep on low level if watch order book in my opinion. That look very interesting
Give me some of this,
'This has provided the Company with a refined targeted strategy, focusing future drilling '
' negative drill results that led to major explorers leaving the area.'
and then we get this little beauty, pure drilling porn
'Next Steps:
1. Drill preparations and drilling'
So the jury is still out whether we have a feasible mine or just engaged in titillating Geology?
' With the newly gained understanding of the geological and structural setting, targeting criteria for primary copper and oxide mineralisation were developed providing excellent opportunities for the discovery of new copper and REE mineralisation, which may have been missed by previous explorers.'
If 14% down (so far) today, 24% down on the month, 57% down on the year, 86% down over 5 years and 99.95% down since it's inception in 2019 is your idea of 'doing OK' then I'll have what your're huffing.
Bsg - just about every AIM share is a 'dog' as you say beacause few are making any dealing profit. For a highly speculative 'penny dreadful' I reckon its doing OK if if you don't
'Comprehensive Income
The comprehensive income statement records a comprehensive loss of £2,043,000 (2022: £126,000 loss) after taking into account unrealised exchange gain of £250,000 (2022: £118,000 loss). The loss for the period ended 31 December 2023 also included a £1,907,000 non-cash write down of the carrying value of the Group's Ragged Range Project located in the Pilbara Region of Australia. The write down reflects the Group's decision to focus its available resources on its US Uranium and Alford East projects (refer to Note 3 of the financial statements).'
Does Orion still post on here, I remember him saying he helped Mick Billing stake some land in the Pilbara.