Thalassa Share Discussion Threads

[kooba] 09/9/2016 08:01

I understand what he is doing in a world where there is no return on cash but agree an explanation of recent strategic stake acquisitions I think is necessary.Seems we are now a special situations fund with a sideline in oil services?Reit Nav ps 43p ...stake purchaed at circa 25% discount and the reit being wound up...nice asset backed return on capital?Beats .25%!

[rcturner2] 09/9/2016 07:44

An actual explanation in the RNS might have been useful, wtf?

[jmf69] 09/9/2016 07:36

Not sure what to make of all of this?Has thal become an investment company now?

[kev0856153] 09/9/2016 07:32

Shopping REIT. What the?

We've paid 34.4p per share where the LSR share price is just 28.5p. A great bit of business. NOT, but par for the course.

[masurenguy] 09/9/2016 07:26

Another esoteric share investment - this time £3.6m at a 35% discount to NAV - on a 15.56% stake in a REIT, which is in the process of being liquidated.

"In July 2013, following a strategic review, LSR's shareholders resolved to change its investment policy to enable the orderly liquidation of assets, the repayment of debt and the return of the remaining capital to its shareholders. In its most recent balance sheet as at 31 March 2016, based on a valuation of its portfolio as at that date, LSR's reported net assets amounted to £35.3m."

[bookbroker] 05/9/2016 13:41

It's too early to judge the rationale for this interest in PML, however many posters are being overtly negative on the basis of Thal wasting cash by investing here, that's an assumption that cannot be answered currently. Thal has an ongoing business in the oil sector performing reservoir moniting to the likes of Chevron, let's just until their next set of results emerge to decide what their plans are, DS. will have done some homework into PML., it could be an astute investment, as for the cash on the balance sheet, that is essentially for working capital, I hope that the poster's views do not bear out, but it is worth holding for now, they will have to bring in a bigger mining entity to achieve production at Mt. Visi, but the deposits may be very rich in ore for all we know!

[bookbroker] 05/9/2016 13:41

It's too early to judge the rationale for this interest in PML, however many posters are being overtly negative on the basis of Thal wasting cash by investing here, that's an assumption that cannot be answered currently. Thal has an ongoing business in the oil sector performing reservoir moniting to the likes of Chevron, let's just until their next set of results emerge to decide what their plans are, DS. will have done some homework into PML., it could be an astute investment, as for the cash on the balance sheet, that is essentially for working capital, I hope that the poster's views do not bear out, but it is worth holding for now, they will have to bring in a bigger mining entity to achieve production at Mt. Visi, but the deposits may be very rich in ore for all we know!

[pj 1] 05/9/2016 13:18

You may find yourself in some others as well...................

[varies] 05/9/2016 13:06

I have been adding to my THAL holding but am not at all pleased to read of this investment in PML.
The Mount Visi prospect is on top of a hill in the middle of nowhere, accessible only by helicopter. Only a very high grade deposit would be worth exploiting as the cost of building suitable roads to it would be enormous.
In the unlikely event of a mine being developed, the local people would want a large royalty and all the usual campaigners would do what they could to interfere.
Having lost lots of money on mining speculations over many years (and being, I hope, a little wiser for this) I am sorry to find myself committed to yet another one !

[catswhiskas] 02/9/2016 09:52

What a Turkey this has turned into a dodgy one at that buy it and the chances are you'll get food poisoned from the toxins that are lurking around in there waiting to shaft you.

[spob] 02/9/2016 09:45

And to think i had a target price to buy some THAL

not anymore

[pj 1] 02/9/2016 09:32

PML
2013 share price 80p 34.5 m shares

2016 share price 2p 52.1 m shares

today share price 1.8p with dilution of 80m shares?(please check if im reading it correctly)

Its an absolute barge pole fit for the P and D brigade only imo.

[kev0856153] 02/9/2016 09:25

CatsWhiskas2 Sep '16 - 07:44 - 3413 of 3418 1 0
Thalassa should be returning cash to its shareholders

----------------

But it is --

As at the date hereof, the Company has purchased 1,448,657 shares under this authority for a total cost of GBP669,715.80 or an average price of 46.23p per share. The average purchase price of the total number of shares held in treasury is 44.66p per share for a cost of GBP1,156,057.80.

[kev0856153] 02/9/2016 09:23

Check out Papua guys. PML. Getting £400,000 of Papua at 1p is to my mind a great bit of business for THAL.

[kooba] 02/9/2016 09:12

The boys in the dark glasses hey!

[sailing john] 02/9/2016 08:38

Re AGM - Soukup is/was? a Monaco resident

Re Papua Mining - largest shareholder is Michael Somerset-Leeke with 28%
Google search - residency and CV

[kooba] 02/9/2016 07:44

A little off piste but looks like they have done their homework and being a gold bull don't mind having some exposure there.After all probably costs money holding cash these days!Are we going to to end up being a special situations fund with some oil services operations??

[catswhiskas] 02/9/2016 07:44

Thalassa should be returning cash to its shareholders not blowing it on some AIM share subscription in a highly speculative mining company.Look what happened last time Thal bought a stake in Rock solid images it delisted and went bust and thal lost its money.just sell the company and give us our money back start blowing the cash on these sort of deals and we will end up with nothing as poo is going to stay low for a long time making cash generative contracts very hard to come by in its core business.

[pj 1] 02/9/2016 07:42

God knows how the market will react to that. But something really stinks here imo.

[gbill11] 02/9/2016 07:41

THAL joining the gold rush. Investors are going nuts for gold stocks just now so this is exciting news.

[hammers976] 02/9/2016 06:41

Thanks for that, it was helpful! Though it still does baffle me how a London listed company can do this.

[gnnmartin] 02/9/2016 00:42

I'm out of THAL, but I can say that the AGM has been held in France for good reason (business contacts IIRC). I forget the detail, but in the past they have also held a meeting in London to keep UK shareholders informed. I went to one such a year or two ago (I forget how long) and the holding of the AGM in France was explained then.

Sorry to be vague, but I hope that was helpful.