Thor Energy Share Discussion Threads

[edgein] 16/4/2018 13:49

7.4p target for 12 months, that'll do for starters.

Regards,
Ed.

[jarega85] 16/4/2018 09:17

Good increase in share price on AX today!Come on THR, lets see an uptrend return

[paleje] 12/4/2018 22:32

Noirua, the present market isn't reflecting any message at all other than it wants to make short term money. There is a bigger picture and it's good imo. Money is there for genuinely good projects it always has been and always will be. How good Molyhil is we'll find out soon.

I can't comment on RRR I only know of them not much about them, but I have met their leader Andrew Bell, a very engaging character, and I was briefly in one of his other companies but did not stay long. Good luck with it, keep you eye on the exit though don't get too comfy, just an opinion.

[noirua] 12/4/2018 16:37

I think THR are probably battling on more than one front here. As the world seems to have very many problems on very many issues, interest rates are tightening again and cash remains king.
The market cap is now under £14m so if, if that is, an outright sale of Mollyhil happens, the present market doesn't think so, then it is a game changer. The JV route is probably not going to be enough really in this present market for micro-caps.

RRR has lots of cash and more pouring in and market cap at just £5m. Their Chairman is a director of Jupiter Mines Limited JMS that has loads of cash and keeps pouring it out to shareholders. JMS set to IPO on the ASX next Wednesday is looking for more ventures to invest in, in Australia.
RRR isn't really big enough but JMS is.

[paleje] 12/4/2018 16:28

They don't need $20m in the States now, Noirua, if at all.

What they need now is Molyhil tying up with a jv route to production and revenue or outright disposal. Get one project sorted first, establish credentials.

[noirua] 12/4/2018 15:55

Companies often raise funds if an opportunity arises. Noting one of my companies held in Australia said they had sufficient cash to finish drilling and before it even started completed a placing. Anyway, THor needs at least US$20m in the states to just pay part of mine development. The market is concerned and the reason the share price ebbs away.

[paleje] 12/4/2018 15:32

I think the drop is just general market sentiment, a bit late with BFS and warrant holders selling. That should almost be done by now so hopefully start recovering, with a good Molyhil upgrade and preferably a jv announcement.

Mine development will be via jv in my view, in spite of Mick saying they would proceed to funding and operating, that was just talk. No experience at that end of things, they've done very well to bring it this far now it's time for a partner and everyone can benefit.

Molyhil is just the start, exciting times ahead.

I hope they don't revert to silly placings with giveaway warrants at any time ever again; other co's which are well regarded manage with only modest discounts and often no warrants at all, we should get to that stage.

[ianbag] 12/4/2018 14:53

Buys 720k sells 612k and marked down - bit of a pattern - but this consolidation on buy side will make this pop up sharply when the herd arrive on deals.

[ianbag] 12/4/2018 14:50

No placing until well into 2019 at earliest Noirua - you haven't even done basic research have you?

[noirua] 12/4/2018 13:58

As the share price falls the market can see a placing coming up late in the year. The lower it goes the more difficult it becomes. Mine development is costly so the squeeze goes on as every day passes.

A deal could be just financing by a company increasing its interest as it invests in a venture. Difficult to see how Thor can possibly get by without a significant cash raising at some stage.

Maybe the way out is to sell perhaps 80% of a venture in return for cash and royalties.

[paleje] 11/4/2018 19:10

Let's hope he doesn't present or answer too well or we'll be back at a penny at this rate:)

The 2015 NPV for Molyhil was around AUD67m or GBP40m. The improvements since then to mine life, grade, costs and price of tungsten, as well as the recently announced nearby acquisition (tbc) must add significantly to that anything from 50% upwards imo. That's only 1 of 3 projects and it's over 3x current mcap. Anomalous or what.

[arlissfry] 11/4/2018 16:46

Mick Billing is presenting and answering questions in London next week:
hxxps://www.eventbrite.co.uk/e/thor-mining-plc-metalnrg-plc-african-battery-metals-plc-legendary-investments-plc-tickets-44832242444

[arlissfry] 11/4/2018 16:41

Mick Billing is presenting and answering questions in London next week:

hxxps://www.eventbrite.co.uk/e/thor-mining-plc-metalnrg-plc-african-battery-metals-plc-legendary-investments-plc-tickets-44832242444

[paleje] 08/4/2018 20:11

Presenting in London again 19 April, odds on the MH study will be out before then, news on jv interest would be welcome too.

[paleje] 05/4/2018 09:51

Agree with you Noirua, deals required, should get easier as assets get stronger. The Tweeter you refer to is actually, imo, having met him a few times, very industrious and a good deal maker. As well a being chief tweeter for several co's.

[noirua] 05/4/2018 00:05

I've no doubt Thor shares are too cheap. The finger now points to the directors and asks, "Are you Deal Makers"? It also points to a director on Twitter who appears not to do much else than buy stock and tweet.

[paleje] 03/4/2018 16:33

I think they need a news and media blackout, the share price might actually go up:)

[abrahe00] 03/4/2018 12:56

And the share price is down yet again... Unbelievable...

[vish65] 03/4/2018 12:29

Good interview .. Notice the big grin on Micks face at the end .

(and the rain has even stopped and the sun is out.)

[vish65] 03/4/2018 12:11

hxxp://www.share-talk.com/share-news/mick-billing-of-from-thor-mining-plc-provides-an-update-on-recent-rnss

Definitely worth a listen about the recent tungsten acquisition

[jarega85] 03/4/2018 06:44

AX finished 13% up, would expect the same here given we are following the SP

[paleje] 29/3/2018 17:56

Ah, I got 650m shares in issue off advfn stats that's where the discrepancy is then. Perhaps somewhere in between:)

Jimmy why don't you disappear like your namesake did.

[abrahe00] 29/3/2018 15:56

@Paleje: According to the March 16th RNS, there were approximately 140m warrants outstanding and just over 507m shares in issue. So that's around 28%, give or take.