Thor Energy Share Discussion Threads

[x54v] 16/3/2017 09:36

Nice dip buying opportunity this morning.

[edgein] 16/3/2017 09:31

Tis a fuuny old market still. THR have extended a potentially company making asset and is capped at £4.77m. HER may have enough cash to see them to the end of March '17 and folks are chasing it at £6.5m! Astonishing.

Regards,
Ed.

[bsg] 16/3/2017 08:27

Not so sure it was inspired, it was a necessity, as even he was getting embarrassed by all the placings.

[edgein] 16/3/2017 07:50

Ali,

Not sure, its allowing arbitrage at these differences. We should close that gap imo. these gaps normally don't last very long as its the same stock after all. More results within 4 weeks should help us close that gap a bit up to their 1.8p. Then I guess Mick will then decide to drill some more or plan for the DFS for Pilot mountain after the JORC comes out. Either way I cannot see these staying way down at £5m cap over the longer term. Certainly not with the strengthening tungsten price and Mick's focus on turning these into a mid cap company. The sale of Springhill now looks inspired after the recent results here.

Regards,
Ed.

[euclid5] 15/3/2017 21:43

Hard to say why really - but today is good news

We can correlate this to GLR - was 1.5p Nov 2016 - now 9p - after positive drill results on it's Concordia Copper mine - just shows once drilling resu;ts come in & pi's start to look into the potential Gross or NPV value


Still holding mine - better to look at the bigger picture rather than daily movements

Held FCRM 2 years ago at sub 5p - 60p today, sold out far too early there!!

same as Matd - JOG, just to name 2 only - read deeply into their asset potential, real value comes out at the end

[ali_b] 15/3/2017 14:46

Ed,

Maybe u cld also explain the disparity between the aus price and the aim price, we may have more volume here but aus leads, hard to figure why we're not trading at the same level ie in around 1.8p?

[edgein] 15/3/2017 13:54

puppez,

Hard to say, plenty going on here and a market cap that doesn't reflect its tungsten assets in either USA or Oz. Drilling gold around May time too apparently. Its a bagger waiting to happen, what will trigger it or when is hard to predict. Having the largest undeveloped tungsten asset in the US is fitting of a much much larger cap and today's results support that. A £30m cap wouldn't look out of place on these at the moment. More drilling, adding to the JORC over the coming months and moving towards a DFS similar to what they have at Molyhil will be steps in the right direction.

With the 10% increase in the tungsten price as mick mentioned in a recent interview its starting to fall into place. They've several hundred million $ of tungsten at Molyhil waiting financing too. Pilot mountain is looking even more commercial than Molyhil though given the grades of almost 1% in some holes. Likely to be a gradual re-rate as they progress the tungsten and gold assets, I'm quite happy to hold as long as it takes as long as the story remains unchanged. I read all the right things from today's announcement, more tungsten than expected, confirmed garnet and extended Desert Scheelite. More drilling being planned as well as JORC and Dundas drilling to happen around May. If I free up some more cash from other miners I'll add here.

Regards,
Ed.

[puppez] 15/3/2017 13:23

Hi Ed,You seem well informed and with a good grasp of this share, any thoughts on share price potential in the coming months?

[jungmana] 15/3/2017 12:54

I like the news. Added this morning at 1.40p. Building up my holding here. Imo this will multi bag in a couple of months.Gla

[maytrees] 15/3/2017 11:59

TX Ed - appreciated.

[edgein] 15/3/2017 11:55

Maytrees,

Profit takers being replaced by bargain hunters. Desert Scheelite now extended to the edge of where they were permitted to drill with these holes. Garnet extended and confirmed and can be added to the resources at Pilot mountain. Some have decided to sell the news but there'll be assays within 4 weeks and Mick's already planning another round of drilling due to results coming in ahead of expectations. I'm not selling, £5m market cap is ridiculous.

Regards,
Ed.

[paleje] 15/3/2017 11:53

Ditto, was listening to Gervais Heddle earlier, sounded pretty confident.

[maytrees] 15/3/2017 11:51

Added a few anyway!

[maytrees] 15/3/2017 11:43

Why the huge share price fall though?

[edgein] 15/3/2017 11:35

Excellent, so they extended Desert scheelite by an addional hole to the east a further 25m east from extension Hole 2. And its still open to the east and at depth. Also an extension at Garnet which isn't even in the resource estimate. Great to see the drill results exceed expectations and now already planning for further drilling at Pilot mountain.

Regards,
Ed.

[x54v] 15/3/2017 11:24

RNS just out...

Mr Mick Billing, Executive Chairman of Thor: "Subject to the receipt of assays, the Pilot Mountain drilling program has substantially exceeded expectations."

[bantam175] 15/3/2017 10:51

Bit of profit taking going on.

You won't go broke taking a profit.

Then again. If the assay comes out really well will be kicking oneself for missing the big surge.

You pays your money and you takes your chance as they say.

[edgein] 15/3/2017 07:49

Interesting, THR increased another 20% last night on the asx, 2.8c-3.2c. The 3c mid price is equivalent to 1.86p.

Regards,
Ed.

[miahkaysor] 14/3/2017 13:06

Should see a clear Blue screen today!!!!

[bantam175] 14/3/2017 11:55

Grr I suppose a drift down was inevitable until the assay comes out.

Here's hoping it's a good one.

[jungmana] 14/3/2017 10:11

Edgein, thanks. Am looking to add more soon.

[edgein] 14/3/2017 09:10

Jung,

Welcome aboard and well done on your TRIN. I've added MNC to my watchlist and I'll keep an eye on those. Shouldn't be too long before we get some more results here from Pilot mountain. A lot of it is just twinning the historic holes to add them to the reserves, but a positive start to get the extension to Desert Scheelite.

Regards,
Ed.

[jungmana] 14/3/2017 07:03

Took a small position here yesterday. Check out MNC too. Excellent rns out today. Too undervalued with huge gold and copper projects.As always dyor.

[miahkaysor] 13/3/2017 13:59

Thanks Ed - much appreciated.

[edgein] 13/3/2017 13:57

Miah,

Well Mick thinks he can turn this into a mid sized company off the back of Pilot mountain, so I don't think you've missed all the fun. They've only reported on the first two holes of the campaign so far so loads more results and assays to come yet. Mick's clearly a happy chappie from results to date though. Still early days here, with the rising tungsten price it can bring Molyhil back into play and its got several hundred million AU$ of tungsten too. However if the sulphide at Desert Scheelite becomes a shallow copper play then its even more commercial than just the tungsten alone. Be interesting to see the assay results of this 51m intersect.

Regards,
Ed.