Member Info for dcgc

xd re Woodside shares entitlement.

I agree they have had several weeks to prepare for this. I sold out last week with the intention of buying the new shares today but so far have been unable to do so.

If the 5% Newcrest option takes much longer will the company need to find cash for our share of the ongoing costs? We already need to have the balance of the £50mil loan to repay Newcrest. Banks in the current climate may not be falling over themselves to lend which leaves the alternative of a placing . It seems to me it`s in Newcrest`s interest to keep us waiting and may be the reason the price is drifting.

This looks a smart move by Thor to get into the uranium market in a safe geographical area. We acquired this prospect what looks to be at a very low price, especially considering the grades shown in early prospecting.

Lenz, I would like to think you are right but we are not talking about the eventual value of Havieron . Using £85mil as the value of our 5% it would value Newcrest`s holding at around £1.19bil which would represent approx 12% of Newcrest`s current market value of £9.8bil. which at this point in time seems reasonable. If we were to use a figure of £200mil Havieron would then escalate to being 28.5% of Newcrest`s market value which at this point in time seems to me to be excessive. Newcrest know what they are doing in taking up the option now.

I know, but if I am right the shorters have nothing to fear short term but they have to close at some stage as we continue to increase our proven reserves our share price will react accordingly.

Newcrest issued the PFS at a very early stage enabling them to apply the 5% Option clause in the agreement. They knew the longer they left it the more it will cost them. The valuation will be based to a large majority on the proven reserves at this stage so I believe, as also the market is assuming, will be very much smaller than many on here are hoping for at around £80-£85mil .SB will want to conclude this deal without going to the third party arbiter so may offer a small premium to conclude the deal. Our true value lies in the remaining 25% which hopefully will be retained and mined. These are my views
and may not be what others agree with or like.

Record results from Rosneft this morning . I assume we still hold a 19.75% interest .

I agree the share price doesn`t come into the calculation of the value of our 5%.but does indicate the market believes the value is somewhere around £60-£70 million. If the market has got it wrong and it turns out to be £200mil we are due for a massive upward re-valuation. We shall find out in about 3 weeks time.

If the market thought we were going to get over £200 mil for our 5% we wouldn`t be languishing around our current price. I`ll go along with Seav`s valuation of around £70mi.

Downgrading by Jefferies of some building shares (not) PSN due to cladding issues. has affected the whole sector . I`ve just taken the opportunity to buy a few more.

bsg4 As you must have experience of the mining industry which of Thor`s prospects do you consider duff and can you expand on this to explain your reasoning as I`m not qualified to make such judgements. Thank you in advance for this Knowledgeable advice.

Nicole seems very optimistic explaining how we intend progressing each prospect in more detail. We could well be producing copper as early as 2023 through joint ventures .With a market capital of only £13mil we should have a very exciting 2022.

The placing was at a higher level than I expected in this market. Well done Thor. We now have funds to further our very promising projects anyone of which could be a game changer. We are an exploration company with no income at this stage . Until we strike lucky how else can we continue to drill if we don`t make placings? Anyone investing here should know the risks .I was very fortunate to have invested in GGP before they made their big find.

By an IPO I refer to an Initial Public Offering of shares and getting a quotation on the Australian stock Exchange for clarification.

Thor have a 30% interest in Enviro through the Kapunda project which was transferred to Enviro for shares in that company. I think Enviro will be an IPO in the not to distant future if my memory is correct.

This share suits me as it provides me with a high dividend return and gives me an interest geographically in the far east. I agree they do normally trade at a premium of 1-3% due, I assume, to the 7.75% yield.

Different company I think you`ll find.

We have now earned a 51% interest in Alford East which based on the drilling results to date I expect will prove to be be a very cheap cost .As part of the deal we have or are about to issue A$250,000 worth of new Thor shares some of which will be sold through the market hence a possible cause of today`s weakness. This is a short term situation as we have increased our interest in Alford East probably by many times the cost. I trust the Boards judgement on this as I can`t believe they would carry on with Stage 2 if they didn`t think they were on to a good thing ,

Aberdeen Standard Equity Income Investment Trust had this share in their top 10 holdings when I last looked which gave me enough confidence to buy a few myself. The 11% dividend also attracted me.