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Thor Mining Share Discussion Threads
Showing 9526 to 9548 of 9550 messages
|Christmas for some of the sellers @ 0.8p (.0032 old money).|
|As Einstein once said, the difference between stupidity and genius is that latter has its limits...
There is seemingly no end of idiots piling their money into this share simply because they see a BIG % increase without understanding why!!!
Got to love the AIM!
|Surely not, a consolidation that makes the share price go up.|
|Looking good today.|
|Thanks... Just seen the RNS.
Phew... Thought I'd missed out.|
|Huh? Have they just done a 25:1 share consolidation?|
|Any guesses what price the next placing ... mine is 0.25p.|
|Mick Billing Executive Chairman of Thor Mining read the following statement to the meeting: "I would like to thank shareholders for their ongoing support of our Company. In difficult resource markets it is easy for management and investors to lose faith in the quality of the assets held by a junior company or indeed in their potential to deliver material value for shareholders."
Last week I hosted a visit to our Pilot Mountain project in Nevada with a group of UK and Australian investors who had expressed an interest in visiting. By physically visiting the project you see the size and scalability; the extensive old mine workings; the remains of the 1950 processing plant; and the extensive targets for exploration upside, in some cases achievable with minimal exploration spend.
The coming weeks and months are going to be a very significant period for Thor Mining. We have now received drilling permits for Pilot Mountain and will commence audit drilling in the near term. We have historical records for the drill targets, however we must undertake a small number of twinned holes to validate these records. If successful this programme proves the historical records were accurate, the global tungsten resource inventory will increase many fold.
Despite the negative sentiment, it is important for investors to note that, in addition to Molyhil, Thor Mining has a major tungsten project, 100% owned, in the heart of the USA, just when the country is about to expand its infrastructure investment programme. Of note, there are few tungsten projects in North America of the size and nature of Pilot Mountain, and none are in production. In this respect, Thor is very well positioned".|
|Mr Mick Billing, Executive Chairman, commented:
"I am pleased to report further material progress in our campaign to further enhance the value and project economics of Molyhil. In today's challenging resource environment mineral development companies are ideally placed with advanced projects, and Molyhil falls into that category with a Definitive Feasibility Study already complete.
We are now going about the business of building our knowledge and the inherent value of Molyhil, and today's announcement marks some great progress in this regard.
The fertility of the Cattle Track and Gap Track prospects has been enhanced. Whilst the number of holes in each of these targets is, both limited and quite widely spaced, we have identified both geochemical signature and geology indicative of potential mineralisation. Further drilling on each of these targets is warranted and will be scheduled and additional announcements will therefore follow.
In addition Thor will be providing further updates in the near term with regard to the Company's Pilot Mountain, Nevada project and specifically the efficient route we have identified to significantly increase the in-situ resource at that project.
Finally the Company remains highly proactive in the review of new opportunities. We hope to provide a further update to market in this regard at the earliest opportunity."
Following the initial on site analyses using hand held XRF analyser, samples were sent for laboratory follow up assay. The laboratory assay process has a lower detection limit of 1 part per million ("ppm") compared with 10ppm for the hand held XRF, and also uses a larger sample size. Trends in tungsten distribution are now apparent in the laboratory assays that were not apparent in the earlier analyses.
The laboratory analyses show tungsten elevated at two to three times background levels in the vicinity of the Molyhil Pinnacle (Cattle track) and along the southern margin of the Gap Track prospect (refer to map). At Gap Track, where a broader spread of data points was collected, a trend of elevated tungsten is apparent which reflects the trend in elevated magnetic response. These are encouraging results albeit at subdued levels.
Due to its low chemical reactivity and high physical density, tungsten does not tend to disperse in the soil and weathered rock profile as much as more reactive metals such as copper. As a result, any detection of tungsten is considered encouraging and worthy of follow up investigation.|
|Took a while, but at the placing price now. Next placing 0.02p?|
|I sold about 2 weeks back,at quite a loss.I don't think they are going to get the funding so easily,unless the tungsten price improves very quickly.|
|Bailed out this morning. I couldn't see them raising $40m anytime soon and didn't want to wait 5 years for the US asset to start.
|It's been ready for ages? Just needs funding!|
|Tip TV Finance @OfficialTipTV · 41 minutes ago
Thor Mining: CEO Interview - Molyhil is ready to go https://audioboom.com/boos/5080626-thor-mining-ceo-interview-molyhil-is-ready-to-go … via @audioBoom|
MTR only subscribed to 400m. The directors took up a small percentage. There's a 1bn overhang.
I also don't think the shareholder meeting for the approval of the 1bn additional shares has been held yet.
|Let's at least keep things here factual|
|They have already "hit" the market and it was taken up by MTR and directors so none will have been forward sold|
|Trouble is it keeps happening, billions and billions of shares.|
|With a billion shares about to hit the market @ 0.025p, I don't think these are going anywhere anytime soon...AIMHO...|
|scyther, I'll believe it when I see it.|
|MTR increase their position again plus we have drill results to come and we are still treading water.We should see a Ggp style rise here soon enough which was a 3/4 bagger in a very short time|
|We should be getting drill results anytime now..Anyone any thoughts|
|I think Mick needs to go as well.|