Thor Energy Share Discussion Threads

[jungmana] 02/8/2017 21:50

Why do aim companies like to stretch their small resources so thinly?Thor has 3 excellent projects already that need lots of money and now in for another one. Is best to concentrate on what we already have.Am not in favour on this new copper project

[euclid5] 02/8/2017 21:18

Long time to wait for results over 3 years - plus potential for further funding as noted in yesterday's rns.....far too early stage mining Exploration co& years away from cash flow

"Thor will invest in a newly incorporated private Australian company, Environmental Copper Recovery SA Pty Ltd. ("ECR"), initially via convertible loan notes of up to A$1.8 million, which will be used to fund field test work and feasibility activities at Kapunda over the next 3 years"

"As further funding may be required to meet ECR's expenditure commitments (see below), ECR may seek to raise capital from Thor and METGH on a pro-rata basis to their equity interest in ECR"

[knowing] 01/8/2017 12:40

Copper is a hot commodity at the moment. Things certainly looking positive for the future.

[edgein] 01/8/2017 09:58

Mick is on fire with these acquisitions at present! Now the first of several low cost copper projects in Oz. $1.8m spend over 3 years to earn up to 60% in the project. Hopefully a deal on the tungsten or development of the lith will help to fund this new copper asset. With the copper price doing well at present its another good metal to be in.

Regards,
Ed.

[jungmana] 31/7/2017 07:48

Edgein - very happy with Mick and the team. The lithium project is in the bag now imo.I will definitely be looking to add more shares in this gem.

[edgein] 31/7/2017 07:45

Jung,

Definitely a very active pipeline of news for a £3m company. Sounds as if Mick is optimistic on the new lith asset as they're already looking to apply for more expo areas around Big Sandy. Could be almost in the bag pending the assay results.

Regards,
Ed.

[jungmana] 30/7/2017 13:45

Lithium is the new oil!!!



Lithium: the next speculative bubble?


The silvery metal’s price has had a meteoric rise, but supply is also accelerating


Electric cars such as the Tesla Model 3, launched by Tesla chief Elon Musk late last year, use 4,800 times the amount of lithium as a smartphone © AP

As the first battery cells roll off the production line at Tesla’s 1.9m sq ft Gigafactory in Nevada a scramble is under way to secure supply of the lithium that is their key ingredient.

This week a small Australian mining company sold a lithium prospect in west Africa to a Chinese buyer for $78m — or more than 2,000 times the amount it paid for the deposit just 11 months ago.

The deal shows how companies, many of them Chinese, are racing to secure supplies of the silvery white metal, which is used to make the lithium-ion batteries that power billions of smartphones, laptops and, increasingly, electric cars.

[jungmana] 29/7/2017 11:44

August will be an exciting month here;1. Dundas assay results rolling in2. PM drilling starts3. New exciting lithium projects.Time to accumulate cheap shares is now before the herd arrives.

[jungmana] 28/7/2017 11:37

Added 278k shares. Gla

[edgein] 28/7/2017 10:48

Goodness mick you're teasing us with all these holding RNS and Appendix 3B, I thought when I seen the news flag up you'd completed the Lith acquisition or started drilling PM!

Regards,
Ed.

[knowing] 26/7/2017 15:55

Like to share anything?

[temmujin] 25/7/2017 11:59

been given the nod...bought in

[edgein] 25/7/2017 11:09

Courtesy of MikeF on the PREM thread, thr gets a mention:



Regards,
Ed.

[knowing] 21/7/2017 11:22

Might see this higher later today

[edgein] 13/7/2017 13:55

Good man Mick, doing a little trip over the gold ole US of A to check out the new lith assets. By the end of this month we could be all lithiumed up with a small amount of THR paper. that's an interesting clause if we sell that 25% of the lith assets for $13m! Someone is thinking the value of these US lith assets is gonna increase well beyond the acquisition price of $75k. Hopefully they'll complete and secure the rest of the asset around the end of the month just in time to get a few more holes into PM.

Regards,
Ed.

[x54v] 07/7/2017 10:33

A few placing flippers still around by the looks of it.

Without them the price would be moving up quickly. Should get going properly again once they've left the building.

[lgw] 07/7/2017 10:21

Excellent overview, I am looking forward to the next few months here.GLA

[edgein] 07/7/2017 09:14

bsg,

If you spend some money and significantly increase your asset value its money well spent. For a little cash spend they've already increased the size of the largest undeveloped tungsten resource in the USA by 55%! That to me is money well spent. Also new lithium asset for a small amount of cash and THR paper. Lithium and Cobalt are the two hottest commodities around and likely to stay that way for some time. THR could quite easily become the cheapest lith play on AIM simply because its got a £3m cap and hundreds of millions of dollars of tungsten waiting to be developed. It'll be interesting when they've fully drilled all those discoveries in PM and get a PFS/DFS out on it. If Mick also wants to add more copper assets too, providing they're also shallow and decent grade he should go for it. I'm looking forward to the PM drilling next month and for the low cost shallow rapid drilling on the lith assets. If they get 0.4%+ lith it'll be similar to BCN/REM.

Regards,
Ed.

[bsg] 07/7/2017 08:08

Will they ever finish any project, I see it as more drilling more placings for quite sometime to come.

[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.