RE: Incompetence and poor management,15 Dec 2022 12:32
They're meant to be Uranium 'experts'. Why not save capital until they can drill for Uranium. Why the Whac-a-mole approach of drilling any old 's***e'. The next placing will be really interesting!
Same old THR. Dodgy assets bought on the cheap. Surprise surprise they're all duds. Last placing was large (and dodgy?) may be that's their last gamble. Easy to gamble with others people money.
Also the placings are much larger, they're better at spending it seems. Imaging the next placing @ 0.2p for £2,000,000. They'll have to have another share consolidation. Her first rinse and repeat cycle. Good job!
They set the bar high, half a pence for the warrants. Next raise in a year or so. I think they're going to have to by some more claims as they're running out of places to drill. That's after the Uranium is a flop, as every thing else has been.
Whose selling? The ones that realize this is a lifestyle company. Always has been always will be. I expect another placing soon. Look out for the "This has such a low market cap ..." brigade to pump it for the flippers. IMO.
"I see very little downside with this share from the current level." LOL. That's dangerous thinking when it comes to THR. I see very little upside. They have at the very best average results so far. They'll milk it for all it's worth like they have on every other resource they have. Expect a placing soon.
If a transaction is below the mid price it is indicated as a sell. If it's above the mid price it's a buy. As simple as that! When you can buy below mid it may mean the price is going to go down further.
I expect they'll wait for the price to get really low before they place again. Then maybe yet another share consolidation. Another rinse and repeat cycle firmly in progress. True, not helped by current market conditions but if the had good resources then maybe it would be a different story.