Thor Energy Share Discussion Threads

[edgein] 07/7/2017 07:51

That's a pretty comprehensive review and very impressive list of achievements for a £3m company! Mick's not done yet by all accounts with assays for Dundas, drilling of the main event at PM, concluding and drilling the new lithium acquisition and hunting for copper assets. Its full steam ahead for H2.

Regards,
Ed.

[edgein] 04/7/2017 07:54

Good man mick getting another exploration area next to one of our exploration projects, that could potentially increase the LoM at Molyhil beyond 6 years.

Regards,
Ed.

[edgein] 27/6/2017 16:36

The latest from Mr Billing too:



Possible low cost drilling at the new US lith asset if/when it completes late summer, but back to the main event at PM by late July.

Regards,
Ed.

[knowing] 27/6/2017 14:35

Interesting article if you have a few minutes on Proactive by Sam Catalano

Also

[bsg] 27/6/2017 13:59

There is still the incessant placings to contend with.

[edgein] 27/6/2017 13:48

Warrants set at an exercise price of 1.8p, that's a decent premium to the current share price and around the year high. I guess they'll be hoping for some good results from Dundas and some even better results from the upcoming work on PM. :)

Regards,
Ed.

[josephrobert] 27/6/2017 13:24

Might be interesting for some :

[jungmana] 27/6/2017 10:14

PJ is a very successful investor. He can see value here and is buying as much as he can whilst is cheap. In a few months when this is trading at 4p+ and punters falling over each other to get a slice of the pie then he will be off loading.Am following him. Building my stake in here whilst punters are busy chasing rainbows elsewhere.Gla

[edgein] 26/6/2017 16:19

PJ still not finished accumulating yet it seems, I guess he's topping up ahead of the PM drilling.

Regards,
Ed.

[bsg] 22/6/2017 06:38

I have learnt from bitter experience not to chase the placings. They can come thick and fast on a downward spiral!

[paleje] 20/6/2017 16:29

I'd trust PJ's judgement against CAF, who have at least one weak link on the board.

[edgein] 20/6/2017 16:16

Pale,

Looks like PJ is responsible for bringing this lith project to THR through CAF/PERE as you mention. Al's article is interesting as it suggests grab samples of 1.97% lith and some areas with grades around 1%. PJ is clearly keen on the asset, I guess that's why he's increased his holding here further still as the lithium project has found a new home and the recent market priced fund raise is to help accelerate the numerous projects.

Regards,
Ed.

[paleje] 20/6/2017 16:11

Al, I think they took it but Pembridge (PERE), which is currently suspended, new management said it didn't fit with their strategy. Presumably hence the offload to THR, part of whose management was also part of Pembridge when it was CAF.

PJ clearly keen to get the lithium back so maybe PERE made a mistake offloading, lets hope he's right.

[edgein] 20/6/2017 15:59

Active,

Fair do's chap. However I wouldn't consider your entry price as late, in fact very very early. Market hasn't even started to price in Molyhil here yet let alone PM, Dundas or the new lith assets.

Regards,
Ed.

[hyper al] 20/6/2017 15:49

Looks like someone else had the option to take a stake in US lithium

[activeservo] 20/6/2017 15:39

Ed, my simple "hello" post wasn't a cue for trading advice.

THR potential is obvious and I had timed my entry well, although a couple of weeks late! Lets see what develops.

[edgein] 20/6/2017 15:09

Active,

Busy BB doesn't always translate into a good company, focus should really be on the assets not the BB. Thor have the assets the price will come later, whether its a farm-out/financing from a major for the PM project or something else. Tungsten, lithium both very good assets, tungsten in particular and potentially gold too. Cap should be multiples of today's price given PM alone. As Mick points out in today's financing, lots going on here in the near term so perhaps that will ignite the BB. Good to see the management dipping hands in pockets to support the growth of the company. To put it in perspective, the recent 50 holes in Dundas only cost AU$100k.

Regards,
Ed.

[paleje] 20/6/2017 14:52

Jump possibly well timed, activerservo. Watch what they do. They're doing.

[activeservo] 20/6/2017 14:47

Jumped in yesterday and good news today (doesn't happen often!)

Hoping this will get back on the radar soon and reignite BB discussion.

[josephrobert] 14/6/2017 15:51

Yep, more holes to drill; they can't do very much else than the slow process of proving up resource then to reserve. Takes time and money; without much money it takes longer, but if they can firm up the project and have a better idea on what they have then maybe it's a decent size to make it worthwhile.

They will need relevant metal prices to firm up at some point, but I'd rather be invested in something like this when metals are at these levels rather than elevated levels. Wolf Minerals need prices to firm up significantly by the looks of it, but the story of Wolf Minerals shows what is needed. If you get the timing right of companies like THR then there is a lot of money to be made.

IMO there are a lot of good things with this stock - multiple projects, projects in USA and AUS (rather than more exotic locations) and certainly frequency of the expected news flow.

[bsg] 14/6/2017 15:05

Just more holes to drill.

more mug punters locked in.

[edgein] 14/6/2017 14:52

Ok, it looks like I'll need to correct my post, not only did they recently increase their PM reserves by 50% and start drilling for gold, they seem to have acquired lithium exploration licences too. Interesting, right to acquire 100% through issue of 52m shares at 0.9p. Lithium is very hot on AIM right now, not many of those companies have the largest undeveloped tungsten resource in the USA though. Again Mr Billing keen to expand in the stable US of A.

Regards,
Ed.

[paleje] 14/6/2017 12:07

josephrobert,

..the Devon co, Wolf, have been through hell and high water and a lot of money has been lost before they got to where they are now. Just pointing out.

Long way to go here too before the '$ hundreds of millions' are anywhere near shareholders' pockets, not to say you can't make money along the way but some of the Aussies on hotcopper have certain views about Mr Billing, do what he does not what he says and don't be fooled by tiny gesture buys:)

[gowski] 14/6/2017 11:56

1p here we come!

[edgein] 14/6/2017 11:45

Good to see Dundas drilling underway to add to the massive tungsten assets here, hopefully put more pressure on our miniscule cap. GGP for example found modest grades also like Dundas on trend with Tropicana and it became a punters favourite. So perhaps if the $ hundreds of millions of tungsten isn't enough we can add some gold soon too. :)

Regards,
Ed.