Thor Energy Share Discussion Threads

[bsg] 12/5/2015 10:03

I think the next placing will wipe us out.

[bsg] 07/5/2015 14:11

Any little rise is soon dumped on.

[lyceeuk] 30/4/2015 17:58

A quiet board is time to buy

[liquid millionaire] 30/4/2015 08:15

30 April 2015

THOR MINING PLC

QUARTERLY ACTIVITIES REPORT

PERIOD ENDING MARCH 2015

Dated: 30 April 2015

The Directors of Thor Mining PLC ("Thor" or the "Company") (AIM, ASX: THR) the Australian tungsten and gold explorer and developer, today lodge the following March 2015 quarterly report. It is has also been released today with the Australian Securities Exchange (ASX) as required by the listing rules of ASX.


Highlights Outlook for June Quarter
2015
-------------------------------------------------------------- -----------------------------------------------------------

TUNGSTEN & MOLYBDENUM
Molyhil NT
* Revised feasibility study completed demonstrating * Continued discussions on project financing
robust economics

* Continue off-take discussions for balance of
concentrate production
Pilot Mountain, Nevada
USA
* Exploration upside evaluation * Develop plans for initial exploration phase

GOLD
Spring Hill NT * Continue to evaluate potential for profitable
* Acquisition of a further 49% interest takes Thor to production
100%

Dundas WA
* No work during the quarter * Aircore drilling program contingent upon available
funds

Commenting, Mr Mick Billing, Executive Chairman of Thor Mining, said:

"Thor has embarked on an exciting period. We are hopeful that a financing arrangement to develop Molyhil can be achieved in the near-term. This should provide a catalyst for shareholder value, and put Thor on the path to tungsten production. Additionally, moving to 100% ownership of the Spring Hill gold project is very positive, particularly with the recent generally sustained strength of the gold price."

[liquid millionaire] 30/4/2015 08:12

30 April 2015

THOR MINING PLC

Thor Mining PLC ("Thor" or the "Company")

THOR ACQUIRES 100% OF SPRING HILL GOLD PROJECT

The Board of Thor Mining Plc ("Thor") (AIM, ASX: THR) is pleased to advise that the Company expects to move shortly to full ownership of the advanced Spring Hill Gold Project in Australia's Northern Territory.

Thor has agreed terms to acquire the 49% equity interest in Spring Hill that it did not own from WDR Gold Pty Ltd, a subsidiary entity of Western Desert Resources Limited which is presently in Receivership/Liquidation - the previous equity holder of the gold project stake acquired by Thor. The agreement is subject to ministerial assent, and approval from the Australian Foreign Investment Review Board. Documentation in relation to the acquisition is presently being finalised and a formal agreement is anticipated to be signed shortly.

Consideration for the acquisition has been agreed at A$210,000 (approximately UKGBP109,000) plus Thor CDIs to the value of A$100,000, payable upon Ministerial agreement to the title transfer, expected within 2 months. Thor has agreed terms with an Australian investor for loan finance for the cash component of the acquisition.

Mr Mick Billing, Executive Chairman of Thor Mining:

"Acquiring the balance of Spring Hill at modest cost is a sound and robust opportunity, particularly with the recent firming of the gold price. Spring Hill is a quality gold project with potential for low cost, near-term profitable development. Thor will be exploring all opportunities to secure maximum benefit from full ownership."

[tubest] 27/4/2015 07:59

Speeding ticket on ASX specifically denying

[sammy g] 26/4/2015 12:13

It was on another forum however cannot find it on any newswires?

[edgein] 24/4/2015 15:23

No sign of any article anywhere that I can see. Nor have I ever heard MB say that the mine would be in production soon either, last he said is that once funding is in place it would be another 12 months to production start-up.

Regards,
Ed.

[jac0r] 24/4/2015 15:12

Can anyone find that article? Or is it just made up?

[oilbuy] 24/4/2015 13:38

They have 10 % since FEB.

[brandon72] 24/4/2015 13:15

OILbuy,what is the current state of play with Landstead?

[jac0r] 24/4/2015 13:03

No mention of the article anywhere?

[brandon72] 24/4/2015 12:29

This is looking very tasty guys ! CEO talking to Indonesian delegation !

[oilbuy] 24/4/2015 12:25

dip bought.Get landstead out and booom

[richie 34] 24/4/2015 11:23

sammyg where did you get that article??

[sammy g] 24/4/2015 11:01

An article on THR doing the rounds but looks dodgy to me.

[brandon72] 24/4/2015 00:12

shaun09,its possible they are director buys and quite interesting they were
after hours buys at above the askprice of 0.09p.I do get the feeling that
some big news is about to be announced on the Molyhill Tungsten Project as
per the last Rns.



RNS - 23rd March 2015

"London-based Grant Thornton UK LLP Corporate Finance has been mandated to introduce parties and lead discussions with a view to securing finance necessary for project development. A number of suitable parties have been introduced and several of these are conducting reviews of the Molyhil Tungsten Project and of Thor.

Similarly, Brookville Capital Limited and its Australian associate Grand Private Equities Pty Ltd have also been appointed to make capital introductions.

In addition, further to recent disclosure in respect of the Molyhil Feasibility Study and the project's current JORC 2012 reserve of 3.0Mt @ 0.31% WO3, Thor is pleased to advise on a number of potential mine life extensions from nearby Exploration Targets* and project optimisation upside."


Mr Mick Billing, Executive Chairman of Thor Mining:

"We believe the Molyhil project is robust and we are pleased to have secured the services of these eminently qualified advisors, and that a number of entities are conducting a review. Project payback of 18 months is very positive, and even at the low point of tungsten pricing for the past 4 years, that payback period is still no more than 2 years. In addition the potential for a substantially longer life operation via the exploration targets identified is significant and we look forward to developing these."

[shaun09] 23/4/2015 22:16

brandon - so 22m bought at 0.092p after hours! could they be director buys??

[brandon72] 23/4/2015 18:53

Shaun09,something might well be afoot there was two huge buys from yesterday
at over the 0.09p ask and well after hours.I wonder if that partner has been
secured for Molyhill ?? this could get very exciting if so!



22-Apr-15
16:51pm
0.092p
12,000,000
Buy*
0.06
0.09
£11.04k

---------

22-Apr-15
16:47pm
0.092p
10,000,000
Buy*
0.06
0.09
£9.20k

[shaun09] 23/4/2015 17:24

Looking like something about to kick off here on the news front!

[oilbuy] 20/4/2015 02:39

THR is breaking out. Are Landstead to be replaced ?

SER Darwin replaced

NCT Darwin replaced

AFPO Bergin replaced

THR Landstead replaced ?

[bsg] 15/4/2015 11:21

No placing for a while ... I expect a consolidation soon to make another placing less embarrassing.

[the sim] 13/4/2015 17:32

Thor Mining Plc (LON:THR)‘s stock had its “corporateR21; rating reaffirmed by Northland Securities in a research note issued on Monday.

Thor Mining Plc (LON:THR) opened at 0.0788 on Monday. Thor Mining Plc has a 52 week low of GBX 0.0520 and a 52 week high of GBX 0.2100. The stock’s 50-day moving average is GBX 0.07 and its 200-day moving average is GBX 0.10. The company’s market cap is £2.41 million.

Separately, analysts at VSA Capital reiterated a “speculative buy” rating and set a GBX 0.51 ($0.01) price target on shares of Thor Mining Plc in a research note on Thursday, January 29th.

Thor Mining PLC (LON:THR) is an Australia-based mineral and development company. The Company is engaged in the principal activities of the exploration for and potential development of tungsten and molybdenum deposits in the Northern Territory of Australia and exploration for, development of gold projects.

[bsg] 13/4/2015 10:52

A new broker, maybe the last broker had scruples about the incessant placings!