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Mr Mick Billing, Executive Chairman of Thor: "Thor is taking significant steps towards commercialisation of the Company's Pilot Mountain project with its substantial tungsten resource. The scoping study work is intended to provide high level development and operating parameters to continue with various regulatory and environmental reports necessary to maintain project momentum. "Previous testwork has demonstrated successful production of a saleable tungsten concentrate; however the second stage work directed by internationally recognised tungsten metallurgical consultants BOMENCO, is aimed at improving upon this and also at producing a robust process flow sheet along with credible design parameters." "The cash position of Thor remains very sound and these initiatives are fully funded.� We remain confident that all budgeted activities, including these programs, will be covered from existing cash reserves well into 2019.
Kenv may have a non disclosure with the Tantalite buyer and another interested in the lithium, this is a fledgling operation and needs patience, i have a nice holding here and am happy to wait another 1 to 2 years and see either a buyout or JV, if you can't wait for this then i would say sell up and move on. Rome wasn't built in a day, let Larry do his thing, also the school visit is excellent PR and with the possibility of Apple being involved Larry needs to show how he is in with the local community.
Brent oil up nicely today, this will aid PMG recovery back up to 65p soon, PMG is amy oil and gas producing company and is cash positive, how many O & G producers cash positive companies are there on aim ? Not many I can assure 5 and some of them have an mcap more than PMG, ridiculous really. A definite long hold here for me the same as i have been with EMH, in due course Tom Cross will deliver the goods, he has a big stake here and wants it to be a success unlike other CEO of aim trash shares who have an over inflated wage with naff all holdings and produce zero.
Thanks Johan, just reading past rns, I see Cavendish Asset Management Increased holdings by another £500k recently and now hold 5.69%, seems they have the same feeling that oil is on the up Nov 16 rns they have 2 other assets one gas and one oil plus the Shetland discovery 100% owned with 280mbold 50% recoverable and lots of block licenses owned in the north sea, future looks great like you say if POO increases.
With an upward trending Hooke PMG looks set for a nice continued rise on Monday, the charts are saying stay long with the trend on the up, 65p the next resistance point, from then on if drilling results from Shetland are as good as expected then the next resistance is always up to £1.25, from then on of the price oil goes up who knows ?? Can anyone add anything about the other assets held by PMG, i have had a busy time at work and with my 4 children so not much time to heavily research
PMG looks set for continued growth with the new 100% owned Shetland Acquisition and the ever increasing oil and gas portfolio, oil and gas set to rise and with the turmoil in the middle east I can see a major increase in price of oil coming very soon.