Member Info for Diadulus

No as it's just over 10X the amount of shares that I hold, so not much - plus they are options so not a negative just an incentive. I and others will obviously be more than pleased if they do get some across the board results and we do see that market cap do a 200M then 1B move, then we can all look at our holdings and "Celebrate good times, come on."

Well they are keeping the media interested http://www.metalsnews.com/Metals+News/MetalsNews/Dr.+Allen+Alper,+PhD+Economic+Geology+and+Petrology,+Columbia+University,+NYC,+USA/FEATURED1383042/Nicole+Galloway+Warland+Managing+Director+Thor+Mining+Plc+(AIM+ASX+THR+OTCQB+THORF)+Discusses+Advancing+its+Diver.htm

I hope that extract is not a genuine release as if it is then I'm less impressed than I already wasn't -also doubt they would write 7 gpt given the latest news on their site.

PUREGOLD INTERSECTS 55.4 G/T GOLD OVER 5.0 METRES AND 14.5 G/T GOLD OVER 13.2 METRES

OK so we are back to the mill capacity argument of 1000tpd, once they ramp up, but that is again misleading as - they still have a current extraction limit of 800tpd and are seeking a permit to extract 986tpd from the mine, re the SeekingAlpha article, (N.B. the extraction rate needs to be higher than the milling rate, it is that simple.)

So even with an extraction increase what is the point of hyping the milling capacity? Also, as far as I'm aware they still have a processing production limit of up to 1,089 tonnes per day - so not much room to swing there either (not much point as well.)

Looking forward to some, query-less, positive news as I'd rather ramp this, but until then I will be brutal. Still consider this undervalued with reasons (remove the reasons please.)

Main take from this SeekingAlpha report is that they are currently limited to extracting 800tpd and are seeking a permit to extract 986tpd - so what was the point of hyping the 1000tpd processing increase when they can't even extract enough to feed that "ramped up mill." If BOD want to be taken seriously, in a positive light, then they have got a shed load of work to do.

Investors will continue to focus on what the BOD did and have not done/achieved...
Until-
1) They increase extraction rates sufficiently (600 odd TPD average is not good enough no matter the grade.)
2) They show that the grades have improved significantly because that was the sells pitch and reality ain't living up to the former hype.
3) They get their collective cost margins in order.

I give them 2 quarters to get this sorted - no more hype just deliver on the actual real world pitch.

A lot more factors than that, which the Nevada state permits chasing for the Uranium mine in the USA also highlights. THOR is an AUS based miner so logistics also play a part (any venture there will be mostly reliant on 3rd parties so less direct control & different rules etc (Uranium is different due to higher margins & it is not something that would be a solo venture given the regulations that surround that type of material - this will always be a JORC reliant on USA mandates.)

Thor still has a tungsten/molybdenum mine in Molyhil AUS so any focus must always be on that which can be managed and cost controlled with less reliance on 3rd parties & all the other issues associated with dealing in a different country.

Whilst Tungsten prices have gone up THOR would still need to be dealing with the ever changing politics of the USA, POW are happy with that & I'm happy with that & what they have exchanged in return for the USA based mine.

Pilot mountain was going nowhere for us, basically dead weight and an ongoing reminder of going nowhere fast. The share option is good as POW are currently moving into a nice size 50% JORC on one of there other projects. THOR is now in the position to focus more on the main projects along with a nice bit of capital and a shed load of share value not dependent on one thing but a whole company that does have JORC.

Eventually they will drill enough holes to proof the asset enough, eventually.

Well they do outsource clerical stuff through one of the directors spin offs and they ONLY spend ONE MILLION dollars per year on it so yeah, probs just a simple clerical error in adding numbers together after all you only get what you pay for!!!

Average daily throughput of 685 tpd but look we managed to mill 1,000 tpd for a couple of days - yep mine productivity is defiantly below processing capacity.

I don't believe they slipped in the part about Touquoy Mine in Nova Scotia - "through to its eventual acquisition by St. Barbara for $722M." for no reason at all. In fact PURE is still pretty much a pre-commercial mine due to not being truly financially sound at these grades & extraction levels which both sit below initial hype and at these running costs. But hey look what might happen, they dangle a carrot. "through to its eventual acquisition by St. Barbara for $722M."

What does concern me is that average daily throughput and why it isn't over 800tpd, is the ore being mined of such a low grade that it is not worth processing or is ore just not being mined?

Snooz, if you lend something to someone then they lend it to someone else it's still one share with which they may interact with the market from, it don't multiply because it's being passed from one person to another - You can only sell that specific share once and will own an immediately demandable debt upon it (point is you cannot sell the same share twice or manipulate the figures to look as though more shares are available than there really are - everything MUST be accounted for & in real time.) As for retail shorts many do go bankrupt whilst the corporate one's are bailed out by other corporates (unless they are out of favour.)

Yeah they just loan out shares that don't actually exist, just gotta look at GameStop to see that, setting a sell limit high up really won't affect the system. Now the petition I would sign, "only shares held and available may be loaned to shorts." Remember you can loan your own shares out for shorting too (broker dependant), most tutes do this as they wait for the real action, accounting wise, brings down the average cost of your holding. I mostly deal US market and it's just pretty much accepted over there, remember this is not your game & if you don't like the rules don't join or leave because the BIG TUTES don't care.

OK I know it's been MANY years coming but to actually see an ISR doing it's thing, even in pure test mode with no real extraction, excites me a bit. But this is the real physical thing, something that we have not ever got close to seeing in situ.

Not to forget that shorting brings liquidity to the market place which would have to be covered elsewhere if it were gone. And is something that drives good shares up as those shorts get burned and HELPS investors because it SHOULD be focusing their attention on the WHY of the shorting. But shorting needs to limited to ACTUAL shares available - rather like BASIL III is set to limit 1 gold bar per gold bar contract & not 10 or so!!!

Yep totally "non plus" interested in an RNS that simply underlines what has already been released.

SpaceHoppa, totally agree. I look at it this way mine/permits in place, crusher and pouring in place but they really wanted that high grade ore at basically any price i.e. a 20% dump on share holders. This is the result & how sad things are from a financial point (given everything that is already in place.) $50B in known extractable gold (so far) and the company valued at less than 0.7% of that with a Mk Cap of £234.666 (yes I did allow for the $/£ diff in the percentage reference.)

On a positive/negative/hypothetical it does leave them open to a HOSTILE take over but not necessarily at a best price (who wants out or would like to reposition their investments given HOW the BOD went about raising that $20M capital?) And for those who looked at this as an early entry dividend hold (well that ain't gonna happen on a takeover, so NO not good.) And yes dividends are taxed separate from capital gains so take advantage of that allowance as well. Apart from that I did buy more at the 50p mark because of the metrics and in spite of the BOD.

Not sure how they managed to nab that many shares without causing a spike. But given the now known 500M geology I'm not surprised that interest is coming in.

Video by one of the top Jnr miner investors (Bottom fishing) How to Find Mining Stock 10-baggers with Expert John Kaiser (1-hr Masterclass) https://www.youtube.com/watch?v=VSxKZwG_IpE

Once the geochemical results for the 8M to 500M depth are released then the eggs can be sorta counted. The finding of lodestone (magnetite) at depth is also interesting when you consider the how and what it can equate to (basically modelling & estimation) https://www.nature.com/articles/s43247-021-00265-w/figures/4

So they have forward options at 1.3p/share whilst the current value is over 40% below that (So a minimum of OVER 40% upside from here, that is the only way to look at this) - how can anyone see this as a negative (an incentive yes) but a negative NO.