Thor Energy Share Discussion Threads

[edgein] 08/2/2018 10:34

Cf456

Very good to see MTR loading up more, might as well be in before they release the Kapunda news. Yeah they sure looking for higher as suggested in the RNS 23/1/18:

"Should the share price of Thor exceed a 14 (fourteen) pence volume weighted average price for five consecutive business days, Thor may, at its sole volition, seek accelerated conversion of the warrants secured by Metal Tiger."

If THR and MTR are discussing a vwap of 14p per share then they're expecting plenty of good news to see the cap head for some £100m. I guess that'll be off the back of MH, Kapunda and the enormous PM. Discussions have been going on for some time now for PM, good to see MTR boot fill at prices just below today's.

Regards,
Ed.

[vish65] 08/2/2018 10:23

Great volume again.

12.3million and only 10.20 am.

[cf456] 08/2/2018 10:14

Buying at 3.61p and looking for multiples most likely.

[cf456] 08/2/2018 10:12

Metal Tiger buying more. 2.25 million shares at 3.61p.



Now owns 11.24% of the company.

There's confidence for you!

[telbap] 08/2/2018 09:54

Well that fell back quick enough!!

[edgein] 08/2/2018 09:02

The deacon,

There are many non-producers valued many times that of THR, take SOLG for example, not produced a lb of copper and their lower grade (but significantly large discovery) is deep and expensive to develop yet were at one point valued over £500m! Many non producers valued at many times the cap of THR. PM could well attract a significant partner with a cash payment. Its like O&G companies its not all about production its about the reserves too. Yes there are other over-sold miners out there in the market at the moment that you could compare these too, and maybe like THR they'll re-rate too. I hold most of them that are extremely over sold. :) MTR saw significant upside at 3p on current and potential future acquisitions that they've a right to join in on. So I'm not the only one that sees these are very cheap at present.

Regards,
Ed.

[the deacon] 08/2/2018 08:55

I agree with the hugely increasing copper demand. Why buy this though on that basis? They're unlikely to get anything out of the ground in this mining cycle. Many actual producers are still relatively cheap, with great forward looking prospects. CAML for one.

[edgein] 08/2/2018 08:55

Hyper,

I remember reading an article that said that electric cars require x3 the copper of a petrol or diesel. That's quite a bit more than a "minimal amount" especially as a number of countries and manufacturers are completely switching by 2020 and lots by 2030. Also copper production is under strain to maintain current supply let alone bring in more vast quantities (copper price heading for 5 year highs as a result). EV boom will just put more pressure on the Copper, magnetite and REM markets than ever before.

Regards,
Ed.

[the deacon] 08/2/2018 08:53

Edgein, apologies my post wasn't directed at you. It was intended for the clown whose post was above yours. Best wishes

[the deacon] 08/2/2018 08:53

Edgein, apologies my post wasn't directed at you. It was intended for the clown whose post was above yours. Best wishes

[edgein] 08/2/2018 08:39

LGW,

Yeah he should start by listening to some of those interviews by MB regarding Molyhil for example then he'd be up to speed with the rest of us. Making it up has he goes along has limited shelf life on this BB as we've all pretty much seen and read those interviews and RNS releases over the last 12 months.

Regards,
Ed.

[cudmore] 08/2/2018 08:37

The Deacon

😂😂😂

[edgein] 08/2/2018 08:37

The deacon,

I was buying these while posting with about 2 other posters on this board, I was one of very few posting on the THR boards at sub-1p. You were no where to be seen at the time, you're just a recent poster here. Probably missed the continuous rise in THR. But its not too late, the assets are great, MTR was throwing money at it recently holding over 10% of the company. As other posted suggests they'll want significant gains on that. You might as well get some on the cheap fella rather than waste your time starting to research a company that you've no intention of buying into.

Regards,
Ed.

[markfrankie] 08/2/2018 08:35

Very nice of the mm's to drop the share price for my little top up..(hardly ever happens). got them in the low 3.8s
Been on my watch list far too long with only a minimal investment rolling along

[lgw] 08/2/2018 08:35

Deacon seems to be an advfn newbie.

[the deacon] 08/2/2018 08:31

Lol you must be one of the suckers that buys this at 4p....

[edgein] 08/2/2018 08:29

The deacon,

No they're seeking partners for Molyhil currently. MB stated the costs at MH are as low as $100/MTU with tungsten at $300/MTU and the Mo credits its looking like a lucrative asset as the amount mined increases. 7 years is long enough to attract investment and as hinted at the underground resource could be in play at the current price and therefore extend the mine considerably longer than 7 years, perhaps up to 10-12 years. Did you check out the previous presenations that's quite a big ore body that extends deeper and not been jorc'd.

Kapunda is early stage for sure, but look at the copper price. A significant resource there could be a real coup for MB and THR given the small price paid. The more the better as that'll increase the overall recoverable from the in situ. Could become a cash cow really quickly if the trial in situ works. We should have an update on that by Monday when the ASX halt lifts. Lots of speculative buying in the mean time I'd expect.

PM is massive, 12Mt of high grade Wo with lots of copper and zinc, and two of the targets that have been drilled up not even included in that JORC. Financiers pushing for a feasibility study as there's significant pressure on the supply of tungsten outside of China. China produce 80% of the stuff and are talking about restricting exports to the rest of the world 40% demand. No wonder its classed as a critical metal and is of strategic importance to the US. WRES being funded by a US fund for example. PM is a world class asset and with a new partner could be extensively explored and developed over the next few years. Its of material value as it sits now and I cannot wait to see the new JORC to include the new drilling including the 0.89% tungsten hole and the other two discoveries. Gonna be good. In the mean time we await the JV to unleash significant value there.

The lith and conglomerate assets are early stage so hard to put a great deal of value on, but PJ is right these could also develop into a decent % of THR's cap on future development. But its hard to say how much or how little at this stage. If they prove there's gold and or lith in WS it could fly on that given the other assets. Management should continue what they're doing, seek partners to develop and explore both PM, MH and bring on Kapunda too. If they can get some more real bargains out there like Kapunda all the better, MB shows he knows how to get a good deal. So more small ozzie copper and gold would do nicely while we seek others to help with the tungsten developments. Full steam ahead as THR gives birth to a litter of news. First to come will be Kapunda on Monday.

Regards,
Ed.

[the deacon] 08/2/2018 08:23

They along with many others were easy buy and holds at the bottom of the resource market. You can add THR at 0.6p to that list too.

[cf456] 08/2/2018 08:20

Look at how they perfectly timed and multi-bagged the likes of GGP and LION.

[the deacon] 08/2/2018 08:19

I don't hold much faith in Metal Tigers view. Look at their Thailand adventures...

[cf456] 08/2/2018 08:16

Metal Tiger clearly don't see it that way and were chomping at the bit to load up recently.

"We consider the size, potential and scalability of Thor’s key projects to be of significant interest and that the current valuation placed on Thor offers considerable upside potential for investors."

[the deacon] 08/2/2018 08:14

Edgein,Molyhil is too small, very little interest in a potential mine of such short life at these prices. Kapunda a long way from being of real value, and THR would need to sink a lot of money into it to develop. Pilot mountain is the best asset, but again a long, costly way from being worth anything meaningful. The lithium deposit was a Pj special in trying to ramp the next big thing, similarly the others in the stable. THR needs to forget about most of these and focus on one - pilot mountain