George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Craig Brown could not find gold if he fell over the stuff -just a lifestyle company. Coming up with a gold discovery in Victoria is like looking for a needle in a haystack. All the action is in Western Australia with most gold stocks going ballistic. So many multi baggers and ECR does not even move the needle.
Aussie gold stocks going ballistic in the Pilbara -DEG -KAI -CMM- GSM-AUC -RXL -MHC -AUT and a hundred others and Thor chasing uranium . Beggars belief -noone gets it in the UK - apart from GGP and several others just lifestyle companies.
Whilst Thor and MTR and most UK stocks slumber the ASX gold stocks are going ballistic. Have a look at RXL - RMS - AUC and maybe fifty others. FFR is a good example up 125% on a gold acquisition. Yet Thor focus on uranium - quite frankly it beggars belief. Why am I here -well I have dragged Mick kicking and screaming to Split Rock and eventually as the Capricorn Metals story unfolds at Karlawinda he will have no option but to admit he should have been there over a year ago -and the West Aussie gold rocket :-) Then one day I can cash in my 6 million warrants !
Forget about tungsten -copper and uranium -focus on the Pilbara . Thor will be back on site -helicopter assist programs -gold -nickel. The Pilbara is on fire -huge gold discovery by De Grey in intrusive related mineralisation never seen before. A stock that has gone from 5c to 63 c in a few months with a market cap of $700 million +. https://www.asx.com.au/asxpdf/20200609/pdf/44jgvldd2c5ndb.pdf Stay tuned - I also have a lot of adjacent ground pegged. If you are a Thor shareholder will pay you to research all the players in the Pilbara -like KAI -GSM which has 5 bagged - Good Luck
The ground we put into Thor has rock types that are highly prospective -
And this is the brilliant strategy of MNRG management. I am on record DONT do stupid deals on oil. STUPID
https://www.bloomberg.com/news/articles/2020-04-26/the-next-chapter-of-the-oil-crisis-the-industry-shuts-down?utm_medium=social&utm_content=business&utm_campaign=socialflow-organic&utm_source=twitter&cmpid=socialflow-twitter-business&sref=h4wZjdDQ
Heavens above - the copper bulls have been ramping copper since Adam was a boy and still copper remains one of the worst investments one could ever consider. And I will keep rubbing it in --- Gold and iron ore -the latter may tank but don't bet on it -a very strong Pilbara company just came on board my iron ore projects.
Thor adjacent to Francopan and other key areas - right in the midst of a huge new gold province. . But we are still flogging Kapunda !
https://www.asx.com.au/asxpdf/20200417/pdf/44h0n9phyq4dst.pdf
Elsgly Firstly I did an option deal with Thor over Western Shaw for $50,000 in shares when Thor was about 8c -see RNS. Secondly I was the recipient of about 13 million shares in Thor when we sold our companies Pilbara Goldfields and Hamersley Metals to Thor. Thirdly I still hold about 6 million warrants in Thor or whatever it is so I have a reason to see Thor succeed.
And finally I just pegged a big area at Split Rock next to the Pilbara Goldfields (Thor) gold discovery. I gave Mick the heads up on some ground that was left - I just noticed he pegged -he must like the Split Rock project !
Elsgly Clearly you are not listening - Thor have various obligations in terms of the deal to acquire Pilbara Goldfields and Hamersley Metals - so I wont stop as you put it until those obligations are fulfilled. What is it you don't understand.
Thor will go nowhere with its present portfolio of tungsten and copper. Mick has had about twenty years banging the drum and look where the company is now. He must listen or move on -Thor needs a serious robust gold project apart from what it already has and I wont be going anywhere until changes are made to management and/or its focus.
Two in one day - another of my top stocks up 28% https://www.asx.com.au/asxpdf/20200331/pdf/44gk0hcz8cnjnq.pdf
It is not as simple as you think walking away from Thor. Shareholders retain the iron ore rights on tenements for which Thor are responsible. And Thor have certain obligations in terms of the agreement between PGL and HML and Thor. So careful with your comments Paul about Thor not entertaining me - my Aussie stocks are doing a great job of doing that but with common sense and goodwill so can Thor. I hope that goes some way to answering your question.
Paul Talking in riddles again -I am having a great day LEG massive sulphides -stunning -up 57% https://www.asx.com.au/asxpdf/20200331/pdf/44gk243tjb982p.pdf
Paul There is only one troublemaker and that is you with your vicious personal attacks. As for Thor ignoring me I recall your attempts to ridicule me previously on this forum but guess what - Mick Billing in his last interview is there singing our praises on the gold and nickel at Split Rock in the Pilbara. Almost his only salvation now - So much for your previous predictions and derisory comments. And he will be doing similarly about Karlawinda soon too. All the way from Orion -
Meanwhile George Merhi my partner is in the Pilbara right now and more projects with high grade gold being assembled -stay tuned and a word of advice - focus your attention on the stock instead of attacking the one person who just might bring home the bacon.
Paul1deano I can understand your hurt and frustration - licking your wounds after your ill advised attempt to pump the stock on Twitter. I am on record then and I am on record now - change the company's direction and management -focus on gold and put the copper and tungsten projects on ice. Of course in this market nothing is going to happen - stay safe and hope and pray .
Firstly there are not a 'lot' of companies on ASX or AIM/LSE that are available to restructure -most are controlled by individuals who will never let go of what they consider their little baby. SRO is a good example in which Paul Johnson has a big stake but the years go by and nothing ever happens. Thor is a very liquid stock and there are a hundred UK investors who get on board at the slightest inkling something is happening .
Secondly I expected a partner in iron ore and other ventures and a substantial shareholder along with other major shareholders would have by now insisted that Mick Billing grasp the nettle and change direction or step aside. That has not happened. The bottom line it is a matter of pride -I cant be seen to have been right in calling out those who persisted in pursuing commodities like copper and battery metals.
Si will keep paddling my gold canoe and keep trucking on iron ore the former of which is the best game in town and the latter relatively unscathed.
As for the moose pasture comment - that is what I was accused of in London with Split Rock. Well we not only proved gold in streams but very exciting nickel and on the same tenement high grade iron ore the rights of which are held by ex shareholders of Pilbara Goldfields. And Karlawinda -and the gold projects currently being assembled - all of which have exciting prospects.
But strap in for a Depression that will make 1929 look like kindergarten stuff. And that is when you must have physical gold. My father related to me how he survived in the goldfields -never went hungry if you had gold in your back kick.
Hoopster Fair point but no legal ramifications. I/We simply put a deal to Thor to be involved in gold production on granted mining leases with a listed company also keen to vend in good assets but Thor's illustrious CEO declined. Crystalball -I quit the stock when the stock pumpers being paid to promote the stock were saying 'I am not worried ". Management point blank refused to change direction -a capital raising was a certainty and dilution on a grand scale was obvious. That's how it panned out and Billing is still babbling on endlessly about copper and tungsten when both commodities are going to hell in a handbasket. Gold is going ballistic AUD $ 2700 oz -even the Perth Mint is sold out -but try telling that to Mick billing.
Thor had yet another opportunity to be involved in a cash flow gold operation -near term cash flow for almost no capital outlay to salvage the company - but guess what - Mick Billing turned it down. I don't hold anymore but stay tuned -