Thor Energy Share Discussion Threads

[edgein] 23/5/2017 13:01

PJ getting himself another half mil cheapuns today again.

Regards,
Ed.

[sep800] 23/5/2017 12:43

Yes and Paul Johnson will sell asap when the share price moves up. He been selling and dumping shares at SRES and others. You know when he buys big he already has sell limit in place so be warn

[jungmana] 23/5/2017 12:41

This Paul Johnson is taking advantage of the opportunity to load up cheap

[apfindley] 23/5/2017 10:32

Ive bought some more today and also more BLU blue star too as I think their 20% satoshipay stake is going to be worth millions by the end of this year.

[edgein] 23/5/2017 09:52

Jung,

Good timing chap, same with PJ topping up with his director buy yesterday. I guess he, like the rest of us, will keep adding until the market values this one properly.

Regards,
Ed.

[jungmana] 23/5/2017 09:29

Edgein, I agree. Glad I doubled my holding yesterday. Thr seems to be off the radar of punters.

[edgein] 23/5/2017 09:25

Jung,

Yeah that would be a start. Since Union paid £20-30m equivalent in the 70's for PM that would be a start. Molyhil has a DFS and EBITDA of around $250m ozzie from memory and PM looks to be at least x3 or x5 that (also higher grades at PM + silver + zinc etc). It'll be interesting once we complete the next set of drilling about to start here over the summer, then get the JORC upgraded, perhaps get Gun Metal and Good Hope into the Pilot Mountain numbers they should be in a position to work towards a feasibility study. Then we'll see that £15m is only a start.

Regards,
Ed.

[jungmana] 23/5/2017 09:05

I think 4p about (£15m market cap) would be a more sensible valuation today.

[jungmana] 23/5/2017 08:52

We reached 1.8p just a few weeks back. Under 1p share price is a giveaway imo.Too undervalued right now.

[jungmana] 22/5/2017 16:39

Probably PJ again?

[jungmana] 22/5/2017 16:38

A 1.9m buy there. Nice one. Bodes well for tomorrow

[paleje] 22/5/2017 16:15

Doesn't cost much 500k, if his wife had picked up 5m would be more like it. Still I hope she multi bags:)

[edgein] 22/5/2017 15:21

More director buying, PJ just picked up another half mil it seems.

Regards,
Ed.

[edgein] 22/5/2017 14:03

Jung,

I agree and I've taken a decent holding here, 3p would still be too cheap, take this extract for example:

"The Pilot Mountain Project comprises four tungsten deposits: Desert Scheelite, Gunmetal, Garnet and Good Hope. All are in close proximity (three kilometres) to each other and have been subjected to small-scale mining activities at various times during the 20th century. Union Carbide acquired the project in 1978, for US$7.0 million (estimated at US$26million - US$40million in 2017 dollars), and conducted detailed exploration and feasibility activities until, following a global downturn in the tungsten industry in the 1980s, they suspended further work."

So before we had a 55% increase in the tungsten (and there may eventually be a JORC zinc resource at Garnet too), this asset was bought in the late 70's for today's equivalent of $26-40m USD. The tungsten resource just got 55% bigger here today and its open practically in all directions. They probably spent a few $m on the exploration and feasibility studies too. Just add 55% to those acquisition figures and you get where these should be starting from, Molyhil is already past the DFS stage, its FREE here at present. £30m cap should be minimum here and that's seriously cheap given the current let alone future tungsten at PM.

Regards,
Ed.

[paleje] 22/5/2017 09:38

I don't think ASX got this news before close, they'll be up overnight I would imagine, the response here seems very muted. Billing in London this week.

[jungmana] 22/5/2017 08:45

Edgein, thr will come good. Is just a matter of patience. I can see 3p sometime this year with all the work going on into the summer.

[edgein] 22/5/2017 08:13

Jung,

A wise move, definitely a buy and hold until the market realises that this isn't a miner going bust, its got cash, no debt as a result of selling Springhill gold and massive assets and is actively proving up its assets. Could see these get bought out at many times the current market cap. £3m cap here is completely bonkers.

Regards,
Ed.

[jungmana] 22/5/2017 08:04

Edgein, am buying more this morning. Silly undervaluation here

[edgein] 22/5/2017 07:53

Jung,

Definitely, the largest undeveloped tungsten resource in the USA just got 55% bigger with very little drilling. More drilling to start again soon too at PM as well as Dundas. I guess Mick wanted this good news out before he gives his presentation on Wednesday. Indeed they've hundreds $m of Tungsten in Australia and PM in Nevada is several times that. The current market cap here is ridiculous.

Regards,
Ed.

[jungmana] 22/5/2017 07:15

55% tungsten resource increase and grade too is high.Excellent rns there. Thr should not be under 2p imo at this stage.

[selfservice] 04/5/2017 12:39

Let the Mining Bull Market Commence! With Ariana Resources + Thor Mining

UK Investor Forums Wednesday, 24 May 2017 London

[edgein] 04/5/2017 10:29

More director dealing, knows a bargain when he see it, good too see shrewd management at the helm.

Regards,
Ed.

[edgein] 28/4/2017 11:35

Interesting they're applying for more exploration licences around Molyhil. Good quarterly, lots going on and an updated resource for PM in the June Q, so 4-8 weeks or so for that. Then more drilling at PM and Dundas. Crazy to think we've a cap similar to HER and they're by all accounts running out of cash. THR fully funded and very active for a company this size.

Regards,
Ed.

[marketgem] 21/4/2017 15:22

Wonder if this is shorters creating weakness and forcing weak holders to exit. I've taken the opportunity to buy back all the shares I sliced higher.