Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
A raise with a consolidation will finish off this rinse cycle nicely. Should buy them a few more years of their lifestyle.
I think that could be the real problem here. Germans would prefer to buy Li from abroad, let them have the pollution from mining in their country instead of on German soil. So I don't hold out much hope for a Li mine in Germany in the near term. Of course if other countries 'nationalize' their resources Germany may have to mine on their land.
Raise on the way it sounds like! She mentioned new investors. More Lambs to the slaughter! Fear the worst, it's normally best with THR. Been down 99% once. heading for that again with all the dilution, another consolidation on its way. IMO.
If there's another extension, then down to 0.5p.
"Better than other deposits in Western Australia" Doesn't mean it's a good deposit? Clever wording.
Deposit Tonnes (Mt)TREO(%)TREO(Kt)COG(%TREO)Category Status Target By-prods Type Ref
Mountain Pass 16.7 7.98 1333 5.0 OR P REO C 1
Mt Weld 9.7 11.7 1135 4.0, 7.0 OR P REO CS 2
Mt Weld 23.9 7.9 1888 2.5 MIF P REO CS 2
Bayan Obo 48 6 2880 ? ME P REO Nb C 3
Mianning 17 3 510 ? ME P REO C 3
S China IO Clays 10? 0.05-0.210? ? ME P HREO IO 3
Kangkankunde 2.52 4.2 107 3.5 F E REO C 4
Nolans 47 2.6 1222 1.0 MIF FS REO P2O5 U3O8 C 5
Charley Ck 805 0.029 235 $Value IF E REO A 6
Nechalacho Basal 109 1.59 1735 $Value MI FS REO Zr, Nb, Ta A 21
Nechalacho Basal 160 1.38 2212 $Value F FS REO Zr, Nb, Ta A 21
Hoidas Lake 2.56 2.4 61 1.5 MI E, PEA REO P2O5 AP 8
Kvanefjeld 956 1.08 10325 150 ppm
U3O8
IF FS U3O8 REO & Zn ALK 9
Cummins Range 4.90 1.74 85 1.0 F E REO P2O5 U3O8 C 10
Milo 187 0.061 114 0.03 F E REO 11
Ngualla 195 2.26 4407 1.0 MIF FS REO C 12
Ngualla 20.7 4.54 940 3.0 OR FS REO C 7
Ngualla 21.6 4.54 981 3.0 MIF FS REO C 7
Steenkampskraall 0.67 14.0 94 1.0 MIF PEA REO I/MV 14
Eco Ridge 59.3 0.16 95 $Value IF FS U3O8 REO CON 15
Bear Lodge 13.4 3.23 433 1.5 MI PEA REO AI 16
Sorry, very difficult to read but these are all way higher than <1%.
1.5% cut off for REE. So their results not that great, room for improvement.
Lucky, that should allow them to get another placing away.
I don't have any confidence in any story here. It seems in the past they've bought any old claim for peanuts and raised and drilled there. Probably knowing there's nothing worthwhile there. But who knows, they could be lucky. I doubt it though. IMO. Lifestyle company.
Maybe they should pay themselves in shares instead of cash. Then may be they'll pull their fingers out and do something useful?
Poor assay results. Nothing new for THR. I'm sure they'll be able to drill a bit more.
It's all exploration though, which they've been doing for yonks. Nothing to show for it for the investor. Just more confetti and a nice lifestyle for the BOD.
At what price the next placing? Then another consolidation? Rinse and repeat.
I think they're well on their way to dropping the SP by 99% again.
Nice big fat placing to come, followed by a consolidation to make it look good.
"With the shift to our philosophy to a 'green' energy economy, our business model is currently going through a position of transition.
Then it will be full steam ahead placing and drilling.
She's probably embarrassed on the share price destruction under her leadership.