We would love to hear your thoughts about our site and services, please take our survey here.
The problem with Molyhil is that it`s too small a project for the large companies to bother with and too big for the small companies to finance. Whilst its viable commercially its difficult to finance or find a partner .I thought the Bonya addition would tip the balance as this could extend the life span of the mine by another 18mths to a year. Perhaps now this latest developement with the Northern States initiative will be the answer to Mike`s prayers. I accept your view but beg to differ on prospects here
Every exploration company has to raise money through placings as they have no other source of income. Drilling isn`t cheap so how else woulld Mick pay for the drilling? Once the market gets wind of a placing the shares are sold prior to the placing driving the price down. A good example of this is the last placing by UJO which dropped nearly 50% before the placing price was fixed. You and others blame Mick for presiding over a company which has to dilute to exist. Once the projects reach the stage pfs which less face it is not very often capital becomes easier either by a joint venture or buy out. I agree with you that these investments are a gamble in the early stages but can develope with success into a long term investment . I`ve been invested in GGP for 2years which I now regard as a long term investment . Initially it was a gamble at 1.8p I agree . I think Mick has accumulated some good prospects and now base metal companies have started to gain interest I believe Thor will attract its share of new investors.
JR. People who invest in AIM exploration companies should know the high risk attached to such investments and don`t normally hold for long term. Like most investments it`s a matter of timing, you try to guage when the price looks attractive and follow its progress . I wouldn`t watch a share drop from 4p down to 0.4p, and not many others would, as you are suggesting as there would have been signs along the way that all is not well. I did very well on a previous venture into this share, in the days of Paul Johnson I believe and sold not at the top but not far off it. The time looks about right at the moment in my opinion for another punt .We have sufficient cash assuming the Spring Hill royalties deal goes ahead to see us through to the end of the year. Kapunda looks interesting, again being financed for us. The last few years has been dire for base metals but that is now changing . Copper which was on the floor earlier in the year has now turned following on from the precious metals gold price which is now about to break a new high. You must not assume everyone invested in this share is naive or stupid . It`s a matter of judgement .
Thank you for your investment advice but I think I`ll stick to what I`m doing. I`ve been investing for over 50 yrs now and have what I consider to be a fairly good track record . I see value here and with the guidance and support of MTR I think it`s worth a punt.
You could be right copperman . Uranium and vanadium both in demand . If they can also get finance for Molyhil which looks a possibility through State aid it would make our Market Capital of around £5mil look grossly undervalued. I don`t go along with the comments regarding Mick it`s not easy for small explorers to raise cash in the existing climate and I will continue to support him.
Full boots, You say we know there`s a placement coming. We had a RNS on the 3oth June informing us we are well financed and have enough cash to do all the planned drilling etc for the next 12mths.Back up your statements with hard evidence and not make comments which you know to be false.
I think it is significant that Newcrest have taken their nominee director off the BOD of Solgold. It would indicate that they don`t intend furthering their interest in Solgold and perhaps possibly sell it in my opinion.
The funds raised from the recent placing and the expected funds from the sale of Spring Hill should cover the planned expenditure for the rest of the calendar year according to today`s RNS . This must be good news and I can see why Metal Tiger have supported them in thie latest placing as the American uranium /vanadium prospect could be a company maker . Our gold interests are in the exciting Pilbara area in Western Australia also add to the excitement.
As I understand it Newcrest have the right to purchase the 5% at fair value . Whilst we can dispute the amount I assume it would have been arrived at by an independent third party. Knowing the relationship we have with Newcrest I can`t honestly see it will be necessary to take it to arbitration .I`m sure it will be settles amicably.
A reverse take over on an AIM company is an acquisition by an AIM company of a target company or assets that is bigger than it or that it will change the fundamental nature of the AIM company. It`s much cheaper and quicker for an ambitious private company to become a quoted public company this way than going through the IPO process as I understand it. A fund raise would be done at the same time .
I would have thought the company has enough liquidity to commence a share buyback at these levels. We have had no comment from them regarding the effect of the coronavirus on their finances . I would like to see something positive in the form of a statement from the BOD to stop this daily drift in the share price. We must now be at a huge discount to Asset value.