Member Info for bistolover

I am aware of the fundamentals, the point I am making is the company has created a mess for itself by having so many listings, resulting in low volumes and big spreads, this causes many problems such as not being able to be included in index tracker funds.

Thor seems to have al least 4 listings, this has destroyed the liquidity of share trades.

Thor is not a multi-billion tech company that needs this, one listing is enough. FRA: T2X, LON: THX, OTCMKTS: THXPF, CVE: THX

these are all on small exchanges, total madness and waste of company resources

Thor looks like an unwanted share when other gold miners are flying

What is it with thor, does not re-act like other small cap gold miners

Shore capital target estimate details https://uk.finance.yahoo.com/news/thor-explorations-coming-age-moves-145600398.html

I found one, shore capital issues 125p today. https://www.google.com/search?q=broker+targets+for+thor+exploration&sca_esv=55e9f3c856495c1e&sxsrf=ANbL-n4aoDcbf8_wkiB_UvWbKIC0CHv2SQ%3A1776277285978&udm=50&fbs=ADc_l-aN0CWEZBOHjofHoaMMDiKp0UJuhqwKhR0QUhF54-6jIZ4fQLFxpd-X3cjBjwn-bveLSQ0MOFHPcMNWOFtM3Oht-Ld5UQiZDJxFm5djcleO6y5YbCTrzMIwsKQJ_trRbYyXlcYb7kUsRwJ_oGv2ZocG_o6yxMh0igbwL0WjtErUBYGI5oTliHvoNlxjCHHHt_Oj655Z6xaVczQIF-B5XaFa39LXtQ&aep=1&ntc=1&sa=X&ved=2ahUKEwil3ZzFvPCTAxXwdUEAHYIuADUQ2J8OegQIEBAE&biw=1920&bih=919&dpr=1&mstk=AUtExfBe9Cm0EoXH0mmcHspHzIInm7fm3UGC2m8oUPeLX7fwa9j6uZONLLTJWYazS3p6XSBfyIc2rEIM6RgBKssfdL6azO2muo2TjmEqJJd_HuCCjrTGc-FGFjGjPDyErghMc7CGgHB6hdY2gpWyJ1WFE-UJVzOQYsHaeNw&csuir=1&mtid=KNffaduCLrC9hbIPsumXwA0

The 3 brokers listed in the full year conference call , canaccord, hannam & partners, Alternative Resource capital, all provide paid services to thor, so these are not independent. Does anyone know if there are any independent brokers who have given share price target above current price ?

Very disappointing the ceo made a commitment to shareholders to announce data and then just ignored it, initially the extension was going to be last year, then at last minute pushed into first tr of 2026. raises questions about other time frames he has committed to like finishing the Douta mine in 2 years time.

The problem of low transactions is down to the structure of the listings. A small cap being listed on multiple exchanges has resulted in all transactions being off-book, just look on the transaction types on london stock exchange for thor. transactions are not being matched so inefficient. News flow will drive share up for very short period, then will fall back with high spreads, so constantly under performs.

Surprise this has not fallen more with drifting gold price and fuel costs up, dielal must be a big cost

Gold price has drifted down and fuel costs going up effects mining margins. other miners are down, fresnillo is down around 7%

Genghis15, it was 2.5p when i tried on aj bell at the time of message, put dummy trade of 8k shares for sell and then buy. appreciate is varies but even 1.2p is wide for a 0.5Bn market cap company. I believe it is due to double listing and trades not being matched.

Liquidity is just not there, it is a big risk to ownership of this share by future shareholders. currently the difference between a buy and a sell order is 2.5p, this makes money for brokers and market makers but not an attractive share ownership. The company needs to resolve its bad listing structures i.e. have a single listing either in uk or canada not both.

This is a higher risk share to own, there is a structural problem in the way thor is listed resulting in low volumes and big spreads. Market makers are requesting big spread in buy and sell as they can't make good money from the volumes. The ceo has said low volumes are a problem to implement share buybacks so they can't do it. Shares on london stock exchange are recorded "Off-Book" which is implying higher cost to process.

Difference Between "Off-Book" and "On-Book"

On-Book: Orders are placed directly on the public order book, visible to all, and executed automatically when matched.

Off-Book: Terms are negotiated privately first, and the price is set before the trade is reported

Looking at the trades of thor on london stock exchange, can see all the trades are off-book. Something strange in the setup of the listings to cause problems.

this explains why the spread is high and volumes low.

I would agree with you isa-investor, the Segilola Resource Update should give a catalyst, but the company has been sitting on it for a while, assume they are still looking for more gold to add to the resource. They said it was going to be released at the end of last year, then delayed it. The best catalyst would be a takeover approach.

In 6 months, Altyngold is up 137% but thor is up only 70%

Thor is a low volume trap share. People may be able to buy at a discount, but can only sell at a bigger discount.

thor falls rapidly when gold falls but then fails to rise back up when gold comes back up. today is a good example of this where other gold miners are up, but thor is uniquely still down.

!!! "Brilliant company to be honest."

more stable share price is more important. smaller piers has more reliable share price movement