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Lets hope we don't need another placing at this low share price to fund all the new drilling!

Not focused at all on a couple of their 'best' chances. Whac-a-Mole approach. Keeps them in salaries.

Great, THR are going to start drilling! That will make a change. More cash burn. May be a placing soon they're also good at those as well.

A possible seven years of drilling has put a lot of PI's off. So that's a decade before anything mined? A quicker buck to be made elsewhere?

I'm sure Germany will be quite happy to buy their Li from elsewhere (China). Let them struggle with the pollution concerns. After all it's the consumer that has to pay in the end. Bye ZNWD.

If they pace their drilling and placings and maybe drill at other resources as well they could spin this out for decades. While drawing a nice salary.

I doubt there will be a deal, just wait until the company is in its death spiral financing mode in a few years and pick it up on the cheap.

BW777 The published trade, when it is below the mid-price it is marked as a sell, above it is marked as a buy, at mid it is marked as unknown. As simple as that. So if you can buy below the mid it's not a good sign. Probably price about to go down.

JV LOL. They need decent assets for that. Place, place, place. That's what THR are good at.

Approximately 1.5 metric tons of metallurgical coal are required to produce 1 metric ton (1,000 kilograms) of coke. A blast furnace is fed with coke, iron ore and fluxes, and hot air is blown into the mixture. Air causes the coke to burn, raising temperatures to 1,700 degrees Celsius, which oxidizes impurities.

Other than to let the flippers out from the placing for their 10-20%.

The Sun will go Nova well before this gets to 3p.

Probably have a placing @ 0.1p now just to rub it in.

Reminds me of THR mining. No real resources, just drill and place. Lifestyle company.

Looks like they'll be able to spin this out for a good few more years.

Well, that will be a good reason for a placing in a year or so.

The next placing will be very interesting. At what price!

Never fails to disappoint. Well done THR!

I think what a lot of you may be missing is this THR is saddled with many duff prospects that Mick bought to keep him in the lifestyle company mode. Raise, drill, raise, drill ... IMO. So the current board have a tough job. Or they need to buy a decent prospect.

It's one of the largest placings I've seen for THR as well. Disgrace!