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"why am I starting think this uranium project could be problematic ?"
-- why ? I thought it was basically voted/approved but the meeting ran out of time so the formality was postponed to the next meeting.
"You might be right Tweenie but whenever the first one dropped it was never going to do us any good was it, so we'd probably have ended up where we are whatever order the announcements were made in."
-- that might be so, but if there happens to be a leak/inside knowledge, releasing bad before good provides a beneficial entry point for the parties concerned.
"May be it's dawning that THR have at best 5th rate assets, bought by Mick at bargain basement prices to pre-long his lifestyle." -- lol, if only picking lottery numbers was as easy as predicting your sentiment towards this stock.
"Completely agree Diadulus. THR went through a process/ beauty parade about 3 years ago. An approach was made to over 100 potential parties. None of them showed any interest. Well rid in my opinion!"
yes but surely this was a function of tungsten price at the time ?
Well they should just limit the short interest to some relatively trivial percentage of the total float, say no more than 30-50%, with say a hard 3 strikes on failure to deliver policy, resulting in a lifetime ban from participating, no excuses.
"Replay at https://presentations.investormeetcompany.com/investor-meet-company/THOR-MINING-PLC-Final-Results"
No permission error.
I suspect, and please let me be clear that I have no evidence of this, nor any inside information, and I am certainly not making any allegations, that there were some internal politics within the THR management, that the sale of Pilot Mountain was related to Billings departure.
Whether he gave an ultimatum to leave if the sale went through, or whether there was an internal coup to signal to Billings that he was no-longer wanted, I do not know. It could be coincidence, but I find it very suspicious that Billings departure was announced only a matter of days before the sale was announced.
I looked at the company name, Standard Metals Inc, and it is listed in one of THR's earlier announcements (below), for anyone wondering:
https://www.thormining.com/sites/thormining/media/pdf/asx-announcements/20200708-us-uranium.vanadium-sampling-assays.pdf
Why is it worrying? Nuclear energy is the purest form of energy that exists? 2 million times more energy dense than breaking chemical bonds (ie combustion), the whole universe runs off nuclear energy, the sun, the centre of the earth, nature has a habit of finding a local minima on the energy landscape. Everyone refers to Chernobyl, without appreciating that it failed because of 1) political reasons, and 2) extremely poor reactor design, flaws based on physics. Modern reactors simply couldn't fail in the same way, ie, modern reactor design doesn't have a positive void coefficient, amongst other things. For people worried about waste, well they should consider that more isotopes are emitted into the atmosphere from burning coal than anything else. For economies that want to secure baseload power, nuclear guarantees that. There is a correlation with societal advancement and access to reliable and cheap power, which nuclear power offers. If you look at the life-cycle of solar and wind, they are hardly as clean as is purported.