focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
And here's the important bit about company's finances.
· Net cash outflows from Operating and Investing activities for the quarter of $1,436,000, with the majority of this being directly related to exploration activities, especially drilling ($945,000).
· Net cash inflow from Financing activities for the quarter $2,728,000.
· Providing an ending cash balance of $2,936,000.
Nice healthy cash balance, so no near term dilution BSG4.
Looking forward to seeing the latest Quarterly Report, the last one (published 29th Oct) showed a healthy cash balance of AUS$1.6M. With the sale of Pilot Mountain it sets Thor up for a strong year of growth. (Fingers crossed) hopefully with no further dilution this year.
There's more from Nicole.
https://twitter.com/GallowayWarland/status/1487035355077308423?t=ftt9BZNzRg5mc4s_ROY5eQ&s=19
Good to see the PR increasing on Kapunda. See tweet from Nicole.
https://twitter.com/GallowayWarland/status/1487032731229835269?t=0LdpYoMJzVExTiN_jI16xQ&s=19
Explainer from Leon on latest tests ongoing @ Kapunda.
https://twitter.com/ThorMining/status/1486837216252940289?t=jpPw0r4Vfw2oKNQCtCTYdw&s=19
Envirocopper present @ 35min to 46min into the video.
Copper to the World 2021 - Session 3: Innovation to unlock copper value. Envirocopper presentation.
https://youtu.be/UG1J50RSs4g
Do you think the news yesterday was engineered to drop the price so peeps in the know could load up, as some warrants expired last week? Only my thoughts, but hey its plausible.
Good to get the badly received news out the way yesterday. Now let the games commence.
Think people need to re-read the rns, as think this has got lost in the initial reaction. Not saying it's a great rns & pretty peeved with way it had been handled, but this quote may be, well significant.
"Significant sulphides (pyrite, chalcopyrite, sphalerite), quartz veining and sericite-pyrite-fuchsite alteration identified, characteristic of gold mineralisation in the East Pilbara Craton."
Rig breakdowns, mean 50% of targets still to drill.
Tweet from Paul Johnson re: Pilot Mountain
https://twitter.com/pauljohnson9691/status/1485603775633149954?t=ZnPOdjZfOMtRfgshjA7Y1A&s=19
From Nov 1st RNS:
Power Metal Resources Plc and its wholly owned subsidiary Golden Metal Resources Ltd ("Golden Metal") have exercised their option (the "Option") to acquire a 100% interest in Pilot Mountain.
§ Power Metal will pay US$115,000 in cash to Thor Mining and US$1,650,000 payable through the issue to Thor of 48,118,920 Ordinary Shares at an issue price of 2.5 pence per share ("Initial Consideration Shares").
§ In addition, Power Metal will issue to Thor 12.5 million warrants to subscribe for Ordinary Shares with an exercise price of 4p per Ordinary Share and life to expiry of 3 years.
Just stating facts.Nothing more nothing less.
Artemis has strong representation on Thor's board, also Artemis have substantial holding in the company.
Requestca trading halt due to capital raising & proposed dual listing on AIM. Wonder if this is going to affect Thor? https://www2.asx.com.au/markets/company/arv
Don't forget Envirocopper's Kapunda interest. There's the start of the SELT test & also the push pull initial findings.
For info. https://www.metaltigerplc.com/portfolio/equity-investments#onmarket
Metal Tiger has 12.5million options/warrants in Thor which expired on 23/01/22. Wonder if they exercised tham?