Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I emailed the company asking when next news due re US projects. Boss lady replied
"We are anticipating further drill results early May, and plan to have a few additional announcements regarding the projects in May."
Nice to get a reply. GLA
This would be how THOR view it.
8.8.1 Does the entity expect that it will continue to have the current level of net operating cash flows for the time being and, if not, why not?
Answer: The Company has minimised costs wherever possible and paused all non-discretionary expenditure. Accordingly, the Company expects to have lower cash outflows in the next quarter.
8.8.2 Has the entity taken any steps, or does it propose to take any steps, to raise further cash to fund its operations and, if so, what are those steps and how likely does it believe that they will be successful?
Answer: The Company regularly monitors cashflow needs against available cash and seeks to raise capital through equity placements as and when needed. The Company has a history of successful capital raising.
8.8.3 Does the entity expect to be able to continue its operations and to meet its business objectives and, if so, on what basis?
Answer: Yes, on the basis of available cash of $0.5m, reduced spending commitments in the coming quarter, together with capital raising alternatives.
Schhhhhhhhh. Anyone have a feel for when an update on anything is due? I don't believe from a quick read through there are any "firm" dates but surely something due soonish eh huh ? SP continues to drift on very light volume. GLA LTSH (long term suffering holders) !
Just asking but what are the chances of this heavily beaten up diluted company being took private with Palumbo et al having it all ? I do own some shares but not a massive amount and was just reading the Velocys debacle that went private recently.
Imagine the price of THOR if we do ever get some out the ground ! In the meantime it's a question of financing(need to check cash in the bank) such is the nature of the beast on AIM. Lab results due Feb, fingers crossed everybody. By the way (asking tech guys) the downhole gamma logging returns up to 6,885ppm (0.69%) eU3O8 uranium is quite good right? GLA.
Am home now. Think that's an old one buddy from september.
https://wcsecure.weblink.com.au/pdf/THR/02755054.pdf
https://wcsecure.weblink.com.au/pdf/THR/02754993.pdf
https://wcsecure.weblink.com.au/pdf/THR/02754967.pdf
Hope they worked. Traded at 2.8c up from 2.6c so slight positive . Bed time, spare room ha ha !
Easy to say now but explains why there was such a lack of purchases from the Directors. Something I shall look out for in future.
No not ethical at all. AIM = The Wildwest
So those that hopefuly still have money to put to work what green stuff you looking at. I've started buying Gevo and have some Aemetis but want some UK ones. Quadrise? Or am I looking at another Velocys there?
Rainman7 - I'm not sure what happens to your shares if you say no but it goes ahead. It goes private so no tradeable price as will not be quoted. If offer not taken up looks like insolvency and as for a placing they didn't raise what they wanted last time and this time around it would be a supermassive dilution to get the money required.