Thor Energy Share Discussion Threads

[ajlinton] 11/9/2014 12:14

some big buys moving in, think this could have legs. less than 4M market cap, over 500M of assets at Molyhil alone, has to be worth 10M+ market cap with fair farm-in agreement

[bsg] 11/9/2014 12:02

The change in premises, tends to suggest not. As last ditched attempt to save money. GRIM.

[ajlinton] 11/9/2014 11:16

agree 006, 50 DMA has held and now strong support, consolidation over, ready to move higher now.

Anybody think BOD in talks with CHinese partners to assist with funding Molyhil...? clearly Chinese would be more than happy to assist.

[006trader] 09/9/2014 11:19

Not much doing this am - real push/pull going on with the bulls and bears - another 2 mill buy just gone through at 0.157.
MM's were caught by surprise first thing yesterday, whence the lift to nearly 0.18 - a little sustained buying will comfortably push us through the 0.2s.
Still above the 50day MA - lets give it a real go at the 200 day MA now.
IMO all those that bought around the 0.11s have taken their small profit and moved on - no major sell off taking place

[citytrader007] 09/9/2014 10:06

BS and desperations spilling now ....

[bsg] 09/9/2014 09:21

If .89 is good for him he probably has averaged down already.

[006trader] 09/9/2014 08:18

MM's moved the share price late last night and have narrowed it completely this morning. LP 0.158 to buy and 0.154 to sell - I suspect they have done this to fill an order which will look like a sell, only to open the range a little later.
No reason to drop it when the only trade thus far is a buy.
GLA - things definitely looking to turn imminently.
bdbiometric - If I were you I would seriously look to average down, especially at these levels

[bdbiometric] 08/9/2014 19:21

For me long way to go 0.89 will do for me. Holding since 3.70p

[flasher2] 08/9/2014 15:08

0.22 will do me, holding since 0.10

[006trader] 08/9/2014 14:46

We are now starting to see higher lows and higher highs, now that we have cleared the 50 day MA - next stop 0.24 until reistance

[006trader] 08/9/2014 14:44

Very interesting that a £10,000 sell has just been hoovered up by the MM's without any movement on share price - way higher than the bid. Still being offered 0.157 to sell a couple of mill without going NT - buy currently at 0.165
Looks as though MM's are loading up ready for something.........wonder what that could be, ehhh perhaps the market cap of around £4MILL being way way under its current value, especially with a 2 year expected lifespan extension on one of their mines.
Happy days, things just getting better and better

[006trader] 08/9/2014 10:12

Excellent support for the early sell off - few good buys coming through again - be good to finish the day over 0.17 - lots of very, very strong evidence of upward movement on SP, coming off an all time low base.

[006trader] 08/9/2014 08:57

Morning All - very interesting start to the week - a few good buys pushing the ask early on to 0.177, followed by some half decent selling pulling the sell down to 0.154.
MM's hoovering up all of the sells without much penalty, and are still offering over the sell for a reasonable amount of stock.
This week has all of the ingredients for a decent rise - we have cleared (pretty much) the 50 day MA, with the next proper resistance around the 0.24 mark - between now and then should be plain sailing.
GLA - to a decent week

[ajlinton] 07/9/2014 22:45

Chart is the most bullish I have seen in years, the chart alone is screaming BUY!!!! easy jump to 0.24p+ this week for sure!

[jmh1982] 05/9/2014 17:44

On this app there it is showing a price 15.345 size 651,000 time 12:10:22. Can anyone explain or is it an error?

[006trader] 05/9/2014 15:15

Great deal of positives coming out of this mornings RNS - Break out seriously looming.
Track record of THR hasn't been great, but coming in at this entry point is a NO BRAINER - and THR have a great deal to put on the table. With the value of the company sitting around £3 Mill, and the assets they are packaging together, this is a multi bagger.
GLA - Point of interest - about to break 0.16!! should be an interesting finish to the day

[liquid millionaire] 05/9/2014 08:00

THOR MINING PLC

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


Annual Results

The Directors of Thor Mining PLC (AIM, ASX: THR) are pleased to announce the Company's annual results for the year ended 30 June 2014.

The following announcement was today released on the Australian Stock Exchange ("ASX) as required under the listing rules of the ASX.

A copy of the annual report will be posted to shareholders prior to the Annual General Meeting and is also available on the Company's website www.thormining.com





Enquiries:

Mick Billing
[phone]

Thor Mining PLC
Executive Chairman
Ray Ridge
[phone]

Thor Mining PLC
CFO/Company Secretary

Colin Aaronson/ David Hignell/ Jamie Barklem
[phone]

Grant Thornton UK LLP

Nominated Adviser
Andrew Monk/
Bhavesh Patel
[phone]
VSA Capital Limited
Broker
Alex Walters

[phone]
[phone]
Cadogan PR
Financial PR

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 - 2014 Annual Report



The year ended June 2014 was one of substantial progress for Thor despite continued challenging financial markets. As we move into the 2015 financial year, the Company has increasing confidence of a positive outcome for our Molyhil tungsten project, with progress and discussions favouring development funding being secured in the near term.

Tungsten

At Molyhil Thor's marketing activities secured a Letter of Intent from US based Global Tungsten & Powders undertaking, subject to due diligence and sourcing project finance, to purchase 70% to 75% of tungsten concentrates produced. Subsequently Thor announced a statement of Open Cut Ore Reserve for the Molyhil deposit of 3.0 million tonnes averaging 0.31% WO3 & 0.12% Mo, classified as Probable. An upgraded Definitive Feasibility Study (DFS) is in progress and we expect to see the outcomes of that study shortly. Directors expect that the revised DFS, and the projects 50% longer mine life, will generate increased interest in the balance of concentrate off-take and also provide confidence for funding institutions to provide project finance.

During the year Thor also announced that subject to due diligence and necessary shareholder and regulatory approvals, an agreement to acquire the Pilot Mountain tungsten project in the United States. This potential acquisition is an exciting step for Thor, as Pilot Mountain has a resource of attractive size and grade, and has considerable exploration potential. It is additionally close to infrastructure which we anticipate will underpin very competitive production costs. At the time of writing, the acquisition remains subject to the approval of the vendors shareholders.

Gold

During the 2013 dry season, a Reverse Circulation (RC) drilling program was completed, targeting near surface mineralisation most likely to enhance the initial mining inventory at the Spring Hill gold project. The program proved very successful with mineralisation outside of the existing resource intersected by several holes. Follow up screen fire assays from this program substantially upgraded the grade of mineralisation compared with the more often used fire assay process. Thor is evaluating the significance of this improvement, and its potential impact on the rest of the resource.

During the year under review, Thor completed the expenditure requirement necessary to increase its equity in the Spring Hill gold project from 51% to 80%. Thor now has the right to complete the 80% acquisition at any time, subject to NT Government consent.

In August 20104 Thor was advised by Crocodile Gold Australian Operations Pty Ltd ("CGAO") of its withdrawal from a previously signed Memorandum of Understanding for toll treating Thor's Spring Hill gold ore at CGAO's nearby processing operation.

At the Dundas gold project, progress was limited as the Company concentrated all available funds on its other projects. Late in the year under review, Thor sold its interests in the base metals opportunities at Dundas, as it is our belief that the acreage is most prospective for gold mineralisation. Looking forward, the Company hopes to be in a position to test a number of promising targets in the near term.

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 explores our projects and moves towards the development of its maiden mining operations.




Outlook

The Directors are confident of continued progress across the Group in the coming year. We look forward with confidence to completing the DFS upgrade, securing project finance and then commencing development at Molyhil.

[ajlinton] 04/9/2014 22:23

wave 1, just the beginning. nothing goes up parabolic...consolidation, then another leg up, wave 2 we take out 0.20p.

[citytrader007] 04/9/2014 14:45

oh well, that was short lived LOL

[bsg] 04/9/2014 08:53

'little downside risk' LOL, wait for the next placing, see where that is.

[ajlinton] 03/9/2014 15:36

all very encouraging trading today!! this is now on radar screens and investors can see little downside risk with share price so close to multi year lows.

[bdbiometric] 03/9/2014 15:17

I want to see 1p up soon -:)

[citytrader007] 03/9/2014 15:07

like another overhyped pile of BS from here ....

[ajlinton] 03/9/2014 10:54

ok, tree shake finished, buyers have returned in last 30 mins, some big buys in there, we rise from here. We are clear all the way up to 200DMA at around 0.24p.

Plenty upside to go.