MTR with a history of significant profitability in the small cap arena showing where they think the price is going with recent hefty purchases both at a 20% premium to the current price at the time and further buying on market.
MTR typically hold positions for months / years.
"We consider the size, potential and scalability of Thor�s key projects to be of significant interest and that the current valuation placed on Thor offers considerable upside potential for investors."
https://investegate.co.uk/metal-tiger-plc--mtr-/bus/strategic-investment--amp--agreement---thor-m---/20180123120200Z9968
"#THR - 1m buy - this trade isn't your normal PI's accumulating this to me is a hedge fund type and the buying along with #MTR is shrinking the free float which if a commercial deal is announced will see a MASSIVE uplift
09:29:33
3.995
1,000,000
�39.95k"
https://twitter.com/andrew_neal7/status/957944734428868608
So just under half a million invested in a short time period.
MTR clearly see a lot of upside from here, happy to buy at a 20% premium and then keen to buy even more on market. More than possible that they will continue loading up too.
Markets look forwards, not backwards.
MTR didn't put in �300k at a 20% premium and only consider what has happened in the past. They are buying based on anticipated positive future developments and a significant uplift in price.
"We consider the size, potential and scalability of Thor�s key projects to be of significant interest and that the current valuation placed on Thor offers considerable upside potential for investors."
https://investegate.co.uk/metal-tiger-plc--mtr-/bus/strategic-investment--amp--agreement---thor-m---/20180123120200Z9968/
As to whether they'll be proved correct or not:
"This financing has been undertaken with Metal Tiger plc, a company that has achieved considerable operational and investing success, and has seen many of its investments achieve considerable gains for shareholders."
https://investegate.co.uk/thor-mining-plc--thr-/rns/strategic-financing/201801231130016566C/
News to come soon. MTR has just invested an additional �300k in anticipation of positive newsflow and was willing to pay a 20% premium to be exposed to the upside. Next week could be a cracker.
"#THR diversified, very robustly financed and building rapidly. Deal today demonstrates that and further news flow to come as per RNS."
https://twitter.com/pauljohnson9691/status/955792877417877506
The value proposition at THR is substantial with Pilot Mountain alone containing $1 billion worth of in situ tungsten.
Some of the bigger players clearly see the huge upside at this early stage:
---
"I am restricted from giving my full opinion - but will say I think #THR is currently one of the best investing opps I have experienced."
https://twitter.com/pauljohnson9691/status/953229716038721536
"Should the share price of Thor exceed a 14 (fourteen) pence volume weighted average price for five consecutive business days, Thor may, at its sole volition, seek accelerated conversion of the warrants secured by Metal Tiger"
https://investegate.co.uk/thor-mining-plc/rns/strategic-financing/201801231130016566C
Over $1 billion worth of tungsten in situ at Pilot Mountain.
THR an �18m mcap.
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"#tungsten at $315 per mtu ($31,500/t) - #THR 22.5.17 RNS Jorc compliant resource at Nevada Pilot Mountain project 32,720t contained metal"
https://twitter.com/pauljohnson9691/status/956449059107233792