Member Info for GaiasKidney

MTR,s day today. Dyor or ignore at your discretion. GK.

I,m sure they will work something out Mr C. Over these many years Sirius BoD and team have repeatedly shown they are nothing if not imaginative and innovative.....and hard grafters. Jolly good too. Let,s hope soon. GK.

Hi MS With: "some form of participation" from potential distributors in the two target areas, combined with CF's desire to protect shareholder interest with: "don't want to do our shareholders a disservice". It looks like they are trying to engineer deals where if Sirius does well (eg higher selling prices, higher volumes, higher sxx profits or valuation say), then the signed up distributor will also receive a gain - some form of profit sharing? If they can pull that off I guess the base price to the distributor can also remain at a decent level and the distributor will have a relationship that is less subject to being traditionally conflictual on price negotiation. There is potential for a win-win with it, but one option could also mean Sirius offering up a form of structured capital to distributors within a deal. Complicated?? In SH,s interest? Depends what they do. GK.

Hi OR Fraser fleshes out his thinking on this in the recent BMO cast. From 32-30, in the end set piece Q&A: https://cc.talkpoint.com/bmoc001/051618a_as/?entity=31_DMX6IRJ If there is concern (I put it at a lowish level so far) don,t worry about it, have a plan. ATB. GK.

Looking a bit 'TSB' so far with its new site up today. ~20 clicks on and nearly got to the sxx bb page and.........its crashed!! Think I'll look back Monday. May have settled. GK.

Right to B...Highly inelastic supply: http://www.infomine.com/investment/metal-prices/molybdenum-oxide/all/ Monster spike potential!! GK.

Morning All. The spread (from actual trades) is hovering around 2.01 - 2.09, ~4%. For an at present thinly traded minnow with no news to stimulate interest, this is a pretty average sort of spread. However anyone who thinks it's a good idea to wait for the spread to reduce may be disappointed as the only way it appreciably will is with news that creates volume. If however that news that drops is good....well....expect to be paying a lot more than 2.09. If you like the Thor story and think they have a chance - look at tungsten and copper price action of late - then it's these quiet times that are most advantageous to build a position. imo. Getting deals to take one or more of the projects on the route to production has to be Billing's absolute priority. I'm hopeful this present 'radio silence' means he getting on with exactly that. GL to holders............Nice to see you are building here B. Have been up and down in this since Feb '17 me sen! Very nice ;-)) GK.

this is now getting close to the time to buy. The bashers are getting very desperate now. I'm not particularly interested as to whether this or that licence is going to be medium difficult or very difficult to commercialise, or whether such and such a deal is costing this or that - but rather, the bigger picture, re the growing and extending rise in the commod cycle. look at nickel, look at copper. With that I expect the time will soon come where even the most scorned micros will come to the attention of the Herd. When this does they won't look in great detail at endless discussion on project viabilities or previous burnt money. No, they will look at simple numbers, ie an Mcap of ~�4m and in-ground metal numbers at sites in multiple billions, if they ever get commercialized. They will look at an sp rising and chase it far higher. Because they are the Herd. That's what they do. It is surprising how many 'dogs' do in the end have their 'day'. Speculative punt. DYOR. And don't listen to BB twaddle. Perhaps including this!! GL to those who decide to chance exposure.......To those who endlessly bash...hope your rabbits die ;-)) GK.

Hi Camp You'll find Mini in and out of Sirius to this day and appears as an experienced and adept 'swing' trader............It seems the lure is just too strong ;-) A BlSh..BBer. Good on 'er. GK.

Morning All. Useful and well received AGM by sound of it. Tnx to those who fed back. One minor red flag for me though: that, though there would obviously be a 'plan B' re the plan A - all debt St2, CF decided to actually voice the existence of that at this meeting. I give it only a small chance they won't be able to raise St2 as all debt, and if that transpires I expect the only reason will be lack of TorP up to the level required by these lenders, but with this and that also time is moving on for TorP further sign ups, I'm seeing that chance as now a bit higher. So consequence worrying? No. A bit of risk adjusting? Yes. Reduced the long position taken in Jan/Feb by 200k this AM. Keeping the rest of that position until St2 sorted - the next decision point imo. Core holding stays put to first poly at least - ie successful shaft sink. ~3y. Then I see little reason for a valuation at anything but quite near to project NPV for then. ATB. GK. PS: I do like Fraser's style, very relaxed as he talks his book!! ;-))

Afternoon Stumpy. I see you still don't get it here.....You've gone on about what it was all like four/five years back for some time now. Here you are in Jan: "Thor mining are no closer to getting anything out of the ground than five years ago " Sounds familiar. Oh, and here you are in December: "Bout time time they had a nice big placing lol" Not happened of course - though I bet it will in conjunction with what is to come here....at a very interesting price too. The difference between this period and 4/5 years back (when you invested was that?) is it's all about the commod cycle. Then it was collapsing, as opposed to now, where it's rising......Making the probability that the likes of MH, PM and Kapunda get taken to production - and that the $2bn+ of inground valuations there gets released to market - far, far more likely. The cycle is apparent here: https://www.vitalmetals.com.au/metal-markets/tungsten/tungsten-price/ http://www.kitcometals.com/charts/copper_historical_large.html#5years In consequence anyone who bought in to Thor between 1 to 2 years back should have done very well indeed......and I expect will continue to do so. We'll see how it goes. SP just picked up btw. ATB. GK.

Deals are what are needed. All know that. No deals? Wallowing continues. Remain optimistic, ASX:thr looks buoyant - as does tungsten. GLA GK.

Hi Stokey "Interestingly this creates the possibility that the conditional offers can be used as confirmation that SXX will have the finance to deliver the Poly4 to its customers." One has to assume part of "conditional" is indeed getting TorP to what is demanded. From that your 'possibility' does look a bit like a down-the-plughole type circular argument. No? ;-)) ATB. GK.

the 'economic impact report' that appeared as one of the co's submissions to the 2014 (ultimately successful) PA to the Park: http://planning.northyorkmoors.org.uk/northgate/documentexplorer/application/stream.aspx?target=http%3A%2F%2Flocalhost%2FNorthgate%2FDocumentExplorer%2FDocumentStream%2FDocumentStream.aspx%3Fname%3Dpublic%2Bac%2BEconomic%2BImpact%2BReport.pdf%26unique%3D811019%26type%3DNLP11GL1_DC_PLANAPP A report produced by................ Much of this recent one looks to be extracted from there....not that that detracts from the value of the content....but has been known and understood for some years now. I do feel old at times! GK.

$34k/t https://pbs.twimg.com/media/DddZG8sWAAAYaCo.jpg GK

Hi. This share started a transformational rise from 0.8 - 0.9p following a 'strategy change' RNS last Oct. From this 20/10/17 RNS: "The Directors of Thor Mining PLC ("Thor" or the "Company") (AIM, ASX: THR) are pleased to announce a strategic financing to advance the Company's key projects towards commercialisation. The next phase of activity demonstrates a departure from a focus on exploration expenditure, to build project resources, and the commencement of activities designed to progress the commercial potential of each of the Company's core projects. The key focus for the Company now is to demonstrate the value that the board consider existing projects to hold, and move them towards commercialisation, in order to generate quantifiable shareholder value." Pursuing this commercialisation is ongoing and there are not firm deals yet. Aisi the present pricing, at some 2 1/2x that which pertained prior to that change, is in vast part based on expectation that Thor will succeed in commercialising one or more of the three primary projects. If just an expectation of success can lift the sp 2 1/2x (4x mcap), then perhaps actual success will..................... The commercial cash values of what is presently in-ground at the three primary projects adds up to circa $2bn. PDYOR. GK.

Ctrl F m8 - works wonders!!! GK.

P103 of last year's prospectus: "Ninety-eight per cent. of the land through which the MTS is to be constructed is covered by option agreements. The remaining 2 per cent. are areas where the land owner or owner of the mineral rights is unknown and some where the owners concerned, whilst not deliberately uncooperative, are difficult to maintain engagement with due to apparent disinterest on their part. In such cases, YPL (or the Company on behalf of YPL) intends to pursue an application for compulsory acquisition of ancillary rights under the Mines (Working Facilities And Support) Act 1966. This would involve an application initially to the successor department to the Department of Business Innovation and Skills (BIS) followed by a request for an order from the High Court. Initial discussions have taken place with officials from BIS and the Company is in the process of preparing to submit an application to BIS for the compulsory acquisition of ancillary rights in respect of the MTS." FME Sirius have always wanted a deal to work rather than go to law, but time is ticking away. GK.

appears to have triggered some buying this morning. GK.

"Resource: JORC (2012) Indicated and Inferred Resource of 13.07Mt at 3.1% K2O and 2.49% P2O5 - weathered kamafugite lava located at surface. Mining Licence: Rolling 4-year Trial Mining License allowing extraction of 50kt of product on a rolling basis � in process of applying for a full mining concession. Meanwhile continuing operations under trial license Opex US$7.5/t vs. Sales price of US$55/t Plant expansion to 320Ktpa to be commissioned this quarter" http://www.harvestminerals.net/uploads/ppt/file/c1afc1ab75f2d675f507b4608146c7759812f7b1.pdf Make your own judgement. Not invested. GK.