Thor Energy Share Discussion Threads

[bsg] 28/9/2015 12:11

Corporate activities

During the year under review, Thor continued to successfully raise funds from a number of share placings to new and existing sophisticated investors in the United Kingdom, and also in Australia.

That's all they're good at.

[liquid millionaire] 28/9/2015 08:20

Updates on the Company's activities are regularly posted on Thor's website www.thormining.com, which includes a facility to register to receive these updates by email.

THOR MINING PLC - CHAIRMAN'S STATEMENT - 2015 ANNUAL REPORT

The year ended June 2015 was a continuation of challenging financial markets for small companies in the resource sector. Despite this, your company made considerable progress and is positioned well to take advantage of any improvement in sentiment. While prices for tungsten and molybdenum have weakened, the gold price has firmed, and the recent weakening of the Australian dollar against major currencies has made a positive contribution, as most of our capital and operating costs reduce when compared with those major currencies.

Tungsten

At Molyhil, a statement of Open Cut Ore Reserve for the Molyhil deposit of 3.0 million tonnes averaging 0.31% WO(3) & 0.12% Mo, classified as Probable was published early in the financial year. This was followed by an upgraded Definitive Feasibility Study (DFS) with much more robust outcomes. Molyhil is shaping to be a low cost tungsten producer and we hope to secure finance for project development in the near term.

During the year Thor also completed the acquisition of the Pilot Mountain tungsten project in the United States. This is an exciting step for Thor, as Pilot Mountain has a resource of attractive size and grade, and has considerable exploration potential, well supported by historical drilling. It is additionally close to infrastructure which we anticipate will underpin very competitive production costs.

Gold

While no field work was conducted at the Spring Hill gold project, we were very pleased to announce earlier this year, the agreement to acquire the balance of the project, in open tender, at modest cost. We hope to be able to capitalise on this acquisition in the near term.

At the Dundas gold project, activity was limited as the Company concentrated limited available funds on its other projects. Looking forward, the Company hopes to be in a position to test several promising targets when funding levels permit.

Corporate activities

During the year under review, Thor continued to successfully raise funds from a number of share placings to new and existing sophisticated investors in the United Kingdom, and also in Australia.

Personnel

The Directors and I gratefully acknowledge the efforts of our very small team including contractors and consultants, who have assisted us during the past year and continue to assist as the Company further explore our projects and move towards the development of its maiden mining operations.

Outlook

The Directors are confident of continued progress across the Group in the coming year. We remain hopeful that we will secure finance for the Molyhil tungsten project, and believe our other tungsten and gold projects put your company in a position to add value in the near term.

Michael Billing

Chairman and Chief Executive Officer

[bdbiometric] 09/9/2015 13:47

Down Down Down..... Want to see how far it can fall ????!!!!!

[bsg] 13/8/2015 09:52

14% holding that take some unwinding ...

[bsg] 11/8/2015 14:44

So would I. Unfortunately it will only reach 3p after a consolidation.

[the sim] 11/8/2015 14:39

I would settle for that bdbiometric.

[bdbiometric] 11/8/2015 13:40

My target sell price is 3p+ where was my entry point -:)

[the sim] 11/8/2015 13:18

No no no bsg, you have it all wrong. Brave buyers like myself will probably sell @ 0.1p + once the financing is in place and our underground riches begin to appear.

[bsg] 11/8/2015 10:24

Brave buyers @ 0.05p. They will probably sell @ 0.03p in a few months when the next placing occurs.

[bdbiometric] 04/8/2015 12:02

Keep buying !

[oilbuy] 03/8/2015 09:51

30M buy.Somebody sees value

[4627192] 31/7/2015 14:33

guys

CAP about to turn and it's about to jump by 10%


MMS charging premium now for 451K

There are only 2 lots of 100K left at 0.199p and 0.20p then it will be 0.2p

[bsg] 28/7/2015 08:20

I gave up adding at 0.1p. I think a consolidation is on the cards, we're getting close to the nominal value of 0.01p.

[bdbiometric] 27/7/2015 16:18

Wonderful added some more today!

[bdbiometric] 22/7/2015 12:24

See what's comes up from tomorrow's meeting. Average down from 3.50 P to 0.53 P. -:(

[bsg] 21/7/2015 09:14

I wonder if Mick can sleep at night. With this impressive share price drop.

[bdbiometric] 13/7/2015 17:16

This is the good one bsg at least you gave us some hope!

[bsg] 13/7/2015 12:49

... closely followed by a consolidation, then a further 99% drop. But lets not worry Mick will be OK drilling holes every where till he retires.

[bsg] 09/7/2015 09:39

The Sim, lets hope so. Although, Mick did say in an interview that he'd do anything to fund the project(s). He obviously does not care about the share price. So I can see a lot more dilution to fund any actual project. So I think it will go down more. I reckon this will be a 10 billion share company soon.

[the sim] 08/7/2015 17:02

I think you're wrong here bsg, the only way is up in my view.

[bsg] 03/7/2015 11:28

I think when we have a share consolidation, that will open the door to another 99% decline in share price.

[bsg] 03/7/2015 11:09

should of waited bdb, now you can buy at placing price ... I'll wait for the next placing @ 0.03p. Or better still, not bother.