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I'd be more concerned at managers getting nervous at checking out the going concern status. The auditors would look daft if they signed off the accounts which contain a statement that it is a going concern and it then ceased trading.
The only criticism I would have of the auditors is taking the job on. It's risky at best.
The confirmation statement is simply a list of shareholders and company officers at a given point in time. It should be straightforward. The accounts are a little more complex and you need an accountant.
Is this message board really powerful enough to cause a significant rise or fall in the share price? I would have thought the current share price is due to the sound financial performance and the possibility of takeover interest.
The results are in and they are impressive considering the unfavourable operating environment. You would think there are some good expansion opportunities out there at the moment.
They have just rescheduled their loans effectively taking on extra debt. Their focus seems to be aimed at increasing the size of their operations rather than reducing the number of shares in issue. I can't see the sense of borrowing money to either pay a dividend or buy back shares. What is disappointing is the share price. I'm sure this will pan out OK.
Don't see what the problem is raising money for growth. What they have achieved out of self generated resources is commendable and it is good that they pay a dividend.
Do you really think one person expressing an opinion on here is going to have any affect on the share price? If you don't agree with his opinion isn't it more useful to articulate why? It's supposed to be a discussion board where people put forward arguments that people ponder to come up with better decisions. It's more like something Putin would come up with.
Cash is king. There are plenty of gold miners with promising assets but without the cash to develop them. So building a cash mountain would put Thor in a good position. The biggest risk is a plummeting gold price and I can't see it.
It's not a big deal for me either way. I see the priority as confirming additional reserves at the present mine and getting the second mine into production. I'm not bothered if the returns come from dividends or capital growth
They've just rescheduled the loan so I wouldn't think a dividend is on the cards. I'm more than happy with what they are doing with the money and I'm confident of capital growth. I can always sell a few if I need to. I have high hopes for this share. It seems to have a well laid out path to growth.
Imlom Yes that was the reason given for the initial £10m loan falling through but it was suddenly possible with the latest £1m loan. As for how much the mine is worth I'm not sure but the whole company is worth about £4m which is great to cover a £1m loan but leaves little space to guarantee anything else.