Member Info for David1951c

SP has been quite stable in last few weeks, which shows a good Investor base with little trading volatility. Added 150k this morning but showing as a sell! News on grants and starting physical work should kick start the next leg up.

It was 2018 y/e trading update that was issued on 21 May 2019. Final results came out on 27 June. Sorry for wrong info. Finals will almost certainly be delayed but a trading update by end of May would be most welcome.

Previous year's results RNS was on 21 May 2019 so hopefully y/e results will be out this week or next. A statement with guidance would help understanding the progress and potential. 2020 should be another transformational year.

The communications on the board from CEO are very informative and give significant confidence that the objectives and plans can be achieved or exceeded. In 2019 a y/e update was issued on 21 May prior to full results on 27 June. Given that so much has happened with the company in the last 18 months and the dynamic future in various fields, it would be a good time to provide an update and if possible guidance on expectations for 2020 (as done before).

in considering whether to invest anywhere, the financial position is material. The cash position looks weak. With y/e £1.8m and £1.5m raised in March and total costs running at £6m (2019 figure), the company may need another raise in H2. Is this brief summary correct? The work IMM are doing with stage reached on a range of developments, is great but will need to be financed. Holding in SAR, SNG, Evgen and Avacta for some time, they have needed to raise at various times to keep going. LTHs have suffered dilution and timing of investment is critical.

Why repeat the AZN news from December? Anyone looking to invest will research including RNSs. Obviously SP fall is disappointing and many are short term under water. We are awaiting results and news on progress. As to why it is selling at 2p, there are more visible companies working on virus related activities providing more immediate opportunities. Fewer PIs have the patience anymore. As the song goes "I want it all and I want it now".

Why do you worry about daily SP movements. This is AIM. It happens all the time with almost any share where value is what may happen. If you believe in SNG and that their work will be successful then ignore the drops. If the next news is good the SP will probably jump up and then fall back each day thereafter. This is AIM and all it's frustrations!

I sympathise with PIs who feel deflated by the increased trading mentality and volume of traders. Something needs to be done to get the market more balanced. Perhaps the Chancellor will include stamp duty on AIM transactions in a future budget to raise money needed to help deal with the current financial crisis. This would make extreme trading volume less attractive. The market needs to look at how SPs can rise and fall numerous times in a day e.g. Mosman today. Ridiculous. It is even worse for LTHs when fund raises and there have been a few recently, allow new investors in at a low price - it's most unfair and all shareholders should be given the opportunity to participate at the same price.

Raising funds at 7p is great for all shareholders as it might not have been possible later if the SP declined on no news. Otherwise raising £2.5m might have entailed much more dilution.

Looking at the available financials and estimating the cash position, a placing seemed inevitable. All companies need to show a reasonable cash balance (viability) to potential collaborators. For example, SNG and Avacta raised funds recently. What is brilliant is that has been achieved at 7p per share when three weeks ago the share price was around 2p (bought in then) and had risen recently to that! It is hard on PIs who are down at present but very good for those (often IIs) able to come in at a low price. This disadvantages LTHs and should not be allowed; the offer at 7p should be available to all shareholders.

Been a small shareholder for three years and almost written this off. Didn't sell because the assets looked to have potential although the BoD do not seem to be able to monetise the assets. The last few years have been awful for most exploratory miners on AIM with a continual decline in SP as funds needed to be raised causing significant dilution e.g. Kefi today.
What concerns me and stops me buying more Thor shares is the prospect of another fund raise which may be needed soon. Cash at 31 December was only £300k. The last fund raise in October was @ 0.2p so any "new" investors then have done OK. On the other hand LTH get punished again and again.
So I will hold for now but not buy any more fttb. Hoping it will come good one day especially as the outlook for these companies is better than it has been for some time.

If you have been an investor you will know that news from SNG is a rarity. Just look at the RNS frequency over the last two years (I've been involved). The release 30 April is not specific but news is expected in June. That means 22 - 52 days away! I remain optimistic and the possibility of success I worth waiting for. The real value may take some time to materialise and a takeover would be the biggest outcome. This is not such a traders delight due to infrequency of news but I admit to trading the top slice.

Why is there not more interest from IIs given the potential and likely growth in Mcap? IPO Group recently reduced their significant shareholding but not clear why? Is the SP too volatile for most? II interest might make the SP less volatile. As a holder for some time I am obviously delighted in what has happened. The prospects for all PIs is truly significant.

Agree. Communication from the company has been very poor and the CEO and board must take the blame for this. SP performance has been very poor too. After sticking with this through all the 7 saga and in the face of missing opportunities elsewhere (bio tech and gold) I sold half my holding (one of my larger but modest) at a significant loss. I may rebuy when the future of the company becomes clearer. I am concerned that a sustained higher POO price won't be achieved in next 12 months. In the meantime gold miners will do better and POG may rise much sooner. GLA

Oiltap, thanks for your comments. Hopefully there will be further news before the end of June or sooner if the intention to start mining by then is realistic. What attracted me was the prospect of something actually coming out of the ground as numerous small miners spend years not getting very far.

RNS in December refers to "Mining targeted to commence Q2 2020, subject to bulk sample testing and availability of further funding and grant of small-scale mining permit including environmental permit."
If this happens then early progress could be made. Is this still achievable?

New investor in the company based on April presentation and ambitious growth potential. The upcoming webinars will hopefully set out the progress and objectives more fully. May invest more when the y/e financials are available. Cannot see a date for this yet. Has a date been advised?

Based on initial research decided to take a small investment today. This company looks to have an exciting future and the only potential issue is funding while the business grows. Last year results came out on 12 April so 2019 results should be due soon. This should give a clearer view on financial position and possible need for more funds. With the new UK Government support of over £1bn for companies driving innovation, one would hope DM would qualify for this if needed. I hope to increase the investment after doing more research and seeing the 2019 results.

It would help to have a list of possible other AIM companies with potential! Having done some research I have ideas and bought a few but it's always useful to have others' views

Never used to trade but got really fed up with the swings and traders selling on upward spikes. It happens all the time. I bought 50k SNG over a period of two years and now trade the top 5 - 10k. If major news breaks then I shouldn't miss out but can profit from the SP swings. Lots of people trade and there are courses on how to do this. Shame as I would rather just hold and be patient but the market does allow this without causing me a lot of frustration Started to do this on other ones like Avacta too.