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We're due significant news at any time now. The ShareTalk webinar said we were close to Molyhill financing.
There's a rumour Mick Billing was in London last week. Finance agreed maybe?
Flurry of buys this afternoon.
ASX trading halt tonight maybe?
This could be your last chance at these lows.
How about this point:
"Metal Tiger, reflective of the premium price paid for Thor stock, will receive a 90 day first right of refusal to participate in any new joint venture, acquisition or similar transaction undertaken by Thor Mining during the period;"
I would listen to the recent sharetalk webinar. I would also take note of the new director announcement and then review the MTR strategic financing RNS from January 2018.
Something is a foot, and it's not a placing in my opinion.
This is significant!
https://in.reuters.com/article/ifg-capital-uzbekistan-tungsten/luxembourgs-ifg-capital-seeks-to-tap-tungsten-deposits-in-uzbekistan-idINKCN1MB1JT
Wouldn't surprise me- looks a little leaky leaky with todays buying activity and the code 1 for the believers.
This is going to do an OMI imo, and would be surprised to see some profits moving from OMI to THR.
Buy low sell high is what the game is all about- SP should 10p+
Couple of TR1 holders who are not looking to make a loss... from PJ on Twitter:
"#ECR lots of t20s settle early next week. Hence the pullback. I have paid for mine so market will be forced to deliver. It’s going up soon!"
Lots of positive news out there. Market games going on IMO. The market will hopefully liven up a little next week when people come back from holidays. Mick is due in the UK soon and is presenting at an investor evening in Edinburgh- hopefully there will be a positive reaction/news before then.
https://im-mining.com/2018/08/28/leaching-tests-move-thor-step-closer-isr-copper-solution-kapunda/
https://www.australianmining.com.au/news/thor-mining-tungsten-mine-bring-economic-boost-nt/
⛏ @ThorMining Chief Executive, Mick Billing, discusses the DFS for it's Molyhill project and all the economic benefits that come with it on the Bw Mining Show via @CoreFinanceTV ➡️ ow.ly/uVJq50ik3tG
Courtesy of @IanBagnell1:
#thr ebitda of £20m pa and then be ultra conservative and say costs and exploration costs on other projects knock off £5m pa - then even on a paltry multiplier of 5x then market value is £75m 6times higher than today (12p per share) - for the second ranked project of the 3.
dsmith, whilst I appreciate your opinion, I have to categorically disagree with you. The sole reason the SP is being held back is that the market has sold stock that does not exist, and they are now in a short position. The ridiculous spread shows how defensive they are- they're actively discouraging buying activity. They're hoping for a discounted placing to cover their predicament- but Thor is well funded with more funds to come.
I'm led to believe Proactive Investor is conducting an interview with Mick as we speak- let's see what he says.
I believe a financing deal is much closer than we all think. In the RNS it states:
"The company now has an updated and UPGRADED DFS, incorporating work over recent years at Molyhil with which it can continue to engage with third parties who have EXPRESSED A SPECIFIC interest in the project"
I suspect the delay in releasing the DFS was because someone asked for more information.
Also, if we rewind to April when Mick was in London, he mentioned in an interview he was meeting some folk in Korea.
"#THR - I posted 12 months ago an MM was short of stock & relied on Beaufort to cover their position in unnecessary historical placings of which #THR said NO when HNWI arrived on the scene & so the same black hole exists hence drastic manipulation all year - short squeeze in play"