Thor Energy Share Discussion Threads

[abrahe00] 01/12/2016 08:29

Huh? Have they just done a 25:1 share consolidation?

[bsg] 01/12/2016 08:19

Any guesses what price the next placing ... mine is 0.25p.

[someuwin] 24/11/2016 12:12

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".

[someuwin] 19/10/2016 09:00

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.

[bsg] 05/10/2016 15:04

Took a while, but at the placing price now. Next placing 0.02p?

[area44] 28/9/2016 15:34

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.

[abrahe00] 27/9/2016 08:46

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.

GLA.

[bsg] 22/9/2016 15:37

It's been ready for ages? Just needs funding!

[someuwin] 22/9/2016 15:19

Tip TV Finance ‏@OfficialTipTV · 41 minutes ago

Thor Mining: CEO Interview - Molyhil is ready to go … via @audioBoom

[abrahe00] 15/9/2016 10:53

Wrong!

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.

E.

[scyther] 15/9/2016 10:14

Let's at least keep things here factual

[scyther] 15/9/2016 10:13

They have already "hit" the market and it was taken up by MTR and directors so none will have been forward sold

[bsg] 15/9/2016 08:54

Trouble is it keeps happening, billions and billions of shares.

[abrahe00] 14/9/2016 22:19

With a billion shares about to hit the market @ 0.025p, I don't think these are going anywhere anytime soon...AIMHO...

[bsg] 13/9/2016 09:37

scyther, I'll believe it when I see it.

[scyther] 13/9/2016 09:27

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

[scyther] 12/9/2016 13:29

We should be getting drill results anytime now..Anyone any thoughts

[bsg] 02/9/2016 10:09

I think Mick needs to go as well.

[pfnewton] 02/9/2016 10:04

I am interested to see the latest change to the board for THOR and likely effect on company value
Have a good feeling about this.
Paul

[the reverend david] 01/9/2016 13:10

No doubt more noses for the trough

[bsg] 01/9/2016 08:21

Another placing, how nice.
New invigorated board to consist of Mick Billing ... LOL

[scyther] 25/8/2016 09:33

Why are these shares being hammered this morning?

[cpap man] 25/8/2016 08:25

25 August 2016



THOR MINING PLC





MOLYHIL TUNGSTEN PROJECT - COMMENCEMENT OF DRILLING





The Board of Thor Mining Plc ("Thor" or the "Company") (AIM, ASX: THR), is pleased to announce the commencement of the aircore drilling campaign designed to test for additional tungsten mineralisation within a six kilometre radius of the Company's existing Molyhil tungsten deposit in the Northern Territory of Australia.



Highlights



· 50 hole drill programme designed to test bedrock through shallow alluvial cover.

· Targeting magnetic anomalies with similar characteristics to Molyhil.

· The key objective of the new drilling programme is to find additional ore sources for the Molyhil project, thereby extending the estimated mine life and reducing costs.

· The programme, which commenced earlier today, has a cost estimate of less than A$100,000.



Mr Mick Billing, Executive Chairman, commented:



"Exploration adjacent to known deposits (brownfields exploration) historically has a much higher success rate than greenfields exploration, and we are hopeful that this initial test of the localised Molyhil lookalike targets will lead to the discovery of additional deposits and, subsequently, to a significant increase in the project's current known mining inventory.



"The key objective is to extend the current proposed mine life of Molyhil, and hopefully increase the scale of operations to reduce unit production costs."