Thalassa Share Discussion Threads

[varies] 05/9/2016 12:06

I have been adding to my THAL holding but am not at all pleased to read of this investment in PML.
The Mount Visi prospect is on top of a hill in the middle of nowhere, accessible only by helicopter. Only a very high grade deposit would be worth exploiting as the cost of building suitable roads to it would be enormous.
In the unlikely event of a mine being developed, the local people would want a large royalty and all the usual campaigners would do what they could to interfere.
Having lost lots of money on mining speculations over many years (and being, I hope, a little wiser for this) I am sorry to find myself committed to yet another one !

[catswhiskas] 02/9/2016 08:52

What a Turkey this has turned into a dodgy one at that buy it and the chances are you'll get food poisoned from the toxins that are lurking around in there waiting to shaft you.

[spob] 02/9/2016 08:45

And to think i had a target price to buy some THAL

not anymore

[pj 1] 02/9/2016 08:32

PML
2013 share price 80p 34.5 m shares

2016 share price 2p 52.1 m shares

today share price 1.8p with dilution of 80m shares?(please check if im reading it correctly)

Its an absolute barge pole fit for the P and D brigade only imo.

[kev0856153] 02/9/2016 08:25

CatsWhiskas2 Sep '16 - 07:44 - 3413 of 3418 1 0
Thalassa should be returning cash to its shareholders

----------------

But it is --

As at the date hereof, the Company has purchased 1,448,657 shares under this authority for a total cost of GBP669,715.80 or an average price of 46.23p per share. The average purchase price of the total number of shares held in treasury is 44.66p per share for a cost of GBP1,156,057.80.

[kev0856153] 02/9/2016 08:23

Check out Papua guys. PML. Getting £400,000 of Papua at 1p is to my mind a great bit of business for THAL.

[kooba] 02/9/2016 08:12

The boys in the dark glasses hey!

[sailing john] 02/9/2016 07:38

Re AGM - Soukup is/was? a Monaco resident

Re Papua Mining - largest shareholder is Michael Somerset-Leeke with 28%
Google search - residency and CV

[kooba] 02/9/2016 06:44

A little off piste but looks like they have done their homework and being a gold bull don't mind having some exposure there.After all probably costs money holding cash these days!Are we going to to end up being a special situations fund with some oil services operations??

[catswhiskas] 02/9/2016 06:44

Thalassa should be returning cash to its shareholders not blowing it on some AIM share subscription in a highly speculative mining company.Look what happened last time Thal bought a stake in Rock solid images it delisted and went bust and thal lost its money.just sell the company and give us our money back start blowing the cash on these sort of deals and we will end up with nothing as poo is going to stay low for a long time making cash generative contracts very hard to come by in its core business.

[pj 1] 02/9/2016 06:42

God knows how the market will react to that. But something really stinks here imo.

[gbill11] 02/9/2016 06:41

THAL joining the gold rush. Investors are going nuts for gold stocks just now so this is exciting news.

[hammers976] 02/9/2016 05:41

Thanks for that, it was helpful! Though it still does baffle me how a London listed company can do this.

[gnnmartin] 01/9/2016 23:42

I'm out of THAL, but I can say that the AGM has been held in France for good reason (business contacts IIRC). I forget the detail, but in the past they have also held a meeting in London to keep UK shareholders informed. I went to one such a year or two ago (I forget how long) and the holding of the AGM in France was explained then.

Sorry to be vague, but I hope that was helpful.

[hammers976] 01/9/2016 22:08

Does anyone know why this company's AGM is held in France? I'm becoming more concerned about the trustworthiness of this company's management the more I think about things.

[catswhiskas] 30/8/2016 16:37

Results will be before the end of September and Imo will report trading is still tough.

[jmf69] 30/8/2016 14:53

Still no announcement of when the results will be

[gbill11] 30/8/2016 13:48

This level of discount just cannot be ignored.
Methinks buyback suspended because now in closed period before results which are due soon.
Expect buyback to resume after the results are out........

regards
Gary

[basem1] 15/8/2016 07:09

Not much stock around at all.

[catswhiskas] 12/8/2016 16:39

The fact the shares that have been bought back by the company have not been cancelled has been a point of discussion on this thread on numerous occasions.I'm starting to think they are being held in Trust is for a very specific reason I don't know what that is but I'm suspicious that the reason might not be in the interest of all shareholders imho.

[hammers976] 12/8/2016 15:24

Does he control the voting rights on the Thal trust?

[stemis] 12/8/2016 15:19

I think Soukup might struggle. His holding is only 15.8%. I don't think there is any real doubt over the existence of the cash although, if you deduct the negative working capital from the cash, it's only about 1.3 x market cap.

[catswhiskas] 12/8/2016 11:30

The market doesn't think so with a market cap of 9.8 million against a cash pile of nearly double this it just doesn't add up.Soukups been a buyer of the shares he's now the major shareholder could he call a delisting and get one through ?There's a good old saying if it looks too good to be true then it probably is.

[hammers976] 12/8/2016 10:40

Is it real?