The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Thor has received some coverage in the Daily Mail:
https://twitter.com/jazziijeff/status/1032203435595231233
• Tungsten prices, which until recently had lagged other commodities, rebounded
from Q3 2017. With demand expected to be steady in line with global GDP
growth, we see supply-side structural changes underpinning a more buoyant
pricing landscape in future.
• A short lead time to production, low unit operating costs (after by-product
credits) and a relatively short payback period, makes the development-ready
Molyhil project strategically well-positioned for the improved pricing outlook.
• Thor Mining’s interesting project pipeline beyond Molyhil is value accretive and
is not reflected in our risked valuation or the current price.
• Our base case risked DCF-based valuation of 7.3p per share (9.8p unrisked) is
based solely on Molyhil and represents as a base case 335% upside from current
levels (445% Unrisked).
http://www.thormining.com/-/thor/lib/docs/researchreport/SIC_THR.L_INITIATION_JUNE2018.pdf
From twitter:
Invested in #GGP? Look at vendor they bought 100% of Havieron from
#ECR have option agreement on #AUS gold project with same vendor.
Pacific Trends Resources
8m and 10m Oz #gold deposits sitting next door makes ECR 3.5m MC look a tad undervalued vs potential
I think you should hold until the end of September for a number of reasons:
1. August is always traditionally a slow month for trading- I don't expect much to happen.
2. The is a large amount of liquidity tied up in the Beauforts saga- this liquidity is set to come back in September.
3. Read the last paragraph of the Kapunda RNS from yesterday. Mick is openly apologetic about the delay in news from Molyhill and Pilot Mountain, but states it's important that this process is done carefully as it could be "transformational".
4. Paul Johnson has stated in a number of interviews that he plans to add to his holding. The only reason I can see this has not happened yet is because he's still classed as "inside" and locked out. I suspect he won't be able to add until at least the end of August or beginning of September.
All in my humble opinion of course.
Take a look at what is happening on ASX. The current value on ASX represents 2.37p in proper money. There's a reason the UK SP has held back, and it's nothing to do with the lack of news- it's due to mm's selling stock they don't have and hoping to fill the black hole with a placing, except there will be no placing because Thor is fully funded. It's going to be very interesting to see what unfolds in the coming weeks, but karma could be on the PI's side.
If you've listened to the recent sharetalk interview with PJ over the weekend, he's openly stated he will be buying more and not selling at these levels- I suspect the spike this morning was him loading up. I'm sure there will be a TR1 coming later this week.
It's a sign of good things to me. mm's desperately trying to cling on by their finger nails. but, the herd won't arrive until it's too late, and they won't be able to buy until most of us are selling. as we saw this morning, the slightest bit of buying volume and this will pop big time.
Nothing too exciting???? "As we have expressed previously, the Company is engaged in third party discussions with regard to its key tungsten projects and that interest is intensifying. We are balancing the need to make technical project progress with the obvious advantage of securing third party project level interest, whether that be project interest disposal, joint venture arrangements or offtake agreements." If I had anything left to invest, I'd be filling my boots at these prices. There's a reason MTR hold 12% of the company, and it's not to lose money!