Thor Energy Share Discussion Threads

[paleje] 01/5/2018 19:00

There’s also over GBP1.5m worth of warrants if they all get exercised, Mick said as high as 2m in one of his Easter visit interviews so not too worried on the cash side.

[edgein] 01/5/2018 16:26

Mick stated that they're fully funded well into 2019, read the quarterly. There's very little expo work left to do outside of a jv. Small beer money required to drill a few holes in Bonya to get it JORC, the rest is all preparation for development, resource upgrades and DFS's etc. $3m Ozzie is more than ample for that.

Regards,
Ed.

[noirua] 01/5/2018 16:18

A$3 million isn't much cash for a miner like Thor. As it drifts down more cash will be needed and probably this year. Any JV potential partner will see this flaw in its armour.
If a partner arrives and pays for a stake in a project then the shares are worth much more. However, that's a gamble from an investors point of view. Only other way is to flog the family's silver.

[paleje] 30/4/2018 10:20

Patience is a pain:)

Good info in the quarterly, nothing we don't know but all under one roof. I look forward to the Moly DFS, the numbers will be much improved on 2015 even without Bonya, hopefully good enough to already have serious third party interest.

Higher metals prices are great but only when you're getting the stuff out of the ground and getting paid for it. We need Moly in production for credibility and cashflow. Both our other projects will benefit from it. Not to mention our share price

[lgw] 30/4/2018 10:13

Yes I'm still here waiting patiently also

[cudmore] 30/4/2018 09:28

Likewise. Massive potential here. Patience is a virtue!

[jarega85] 30/4/2018 09:10

Waiting patiently Cudmore, I think some of the rampers have gone and do not blame them if they got out at +4p. I missed that as greed got the best of me but that is because I think we are worth more and soon should be well over 4p again.So patiently waiting...

[cudmore] 30/4/2018 08:56

Very quiet on this thread!!

[paleje] 23/4/2018 16:47

Interview published today, MB adds some meat to the bones, SK trip was productive still interest there and talking with other offtakers, DFS a few more weeks admitted it's late, won't get Bonya on it but could be drilling there within couple of months

[paleje] 20/4/2018 21:02

True enough Vish, I'm conscious of all that, lots of dots waiting to be joined up. I only had a bee in my bonnet about timelines but it's passed, I agree with what you say overall plenty of evidence pointing towards stuff going on in ghe background.

[vish65] 20/4/2018 16:16

Paleje - remember he went to South Korea/ Japan in 2014/15 to get finance and failed. He's said he's seeing the same people again and knows exactly what's required to get the project 'over the line ' (7 years OP /+UG/+Bonya). They probably had a first refusal after 2014 . Seems to me he took the DFS with him and as a result has entered into some sort of exclusivity with a party. (or maybe its GTP (the offtaker) in the USA ?)

Ref his tweet 18/4/ 'JV a step closer with only regulatory hurdles remaining'

So I guess they wont want the masses to get eyes on it while things are at a critical stage in the discussions .

All conjecture of course.

Either way I'm pleased with progress here.

[paleje] 20/4/2018 10:48

New presentation.

Says 'Ready for Project Finance – Updated DFS pending' then it says 'DFS due first half 2018'...Well that's a bit different from Mick's 'March maybe running over into April a bit'
Nonetheless, gripe over, the underlying value continues to improve. Slippage is a real concern and will be until they announce a jv but the NPV on Molyhil alone must be at least 3x current market cap with Kapunda and PM in for free.

[edgein] 20/4/2018 08:24

Paleje,

Well spotted chap, sounds as if we're getting close to Molyhil JV.

Regards,
Ed.

[paleje] 20/4/2018 08:01

Not me but Sharetalk usually put videos online within a day or so and wouldn't be surprised if MB fitted in a couple of interviews with other media sources.

[cudmore] 19/4/2018 22:50

Did anyone attend the Sharetalk evening in London this evening where the THR CEO apparently did a presentation?

[paleje] 19/4/2018 18:55

Mick Billing
@MickBilling
·
13h
Positive news for @ThorMining #THR as Arafura waives its right to match the Thor offer. JV a step closer with only regulatory hurdles remaining.

Only regulatory hurdles remaining? What Does that mean, all lined up just some regs to comply with?, no doubt more will be revealed in the coming days.

[edgein] 19/4/2018 09:20

Pale,

Well spotted fella! you were spot on about the release here too. Great to see this quality little asset come in to THR. As you suggest this will add extra life to a Molyhil development. Once proven up this higher grade material will certainly help to boost a central facility for development. Great expo upside on this new area. I'm sure MB will be chuffed.

Regards,
Ed.

[paleje] 19/4/2018 07:44

Looks like the Bonya tungsten copper deal is going ahead so additional expansion potential for Molyhil confirmed, RNS in Oz no doubt we'll get one later.

But where's the promised MH update, come on Mick you'll want it for later, no point presenting tonight without it.

[pauliewonder] 16/4/2018 18:57

Looks correct to me. Crossover trade at 16.35 was at 2.31p. This was outside the spread and therefore likely outcome tomorrow would be a gap up at the start to around 2.6ish pence. Frustrating when it happens, particularly if it closes down at the end of tomorrow although most likely won't.

[paleje] 16/4/2018 18:39

A glitch surely. They happen on Thor red goes up and blue goes down.

[jarega85] 16/4/2018 16:42

Am I reading that correctly!? We finished red, crikey

[abrahe00] 16/4/2018 15:51

Finally... Some marketing and publicity!A good start, but any upside will be limited as it is not an "independent" review. As long as it gets others looking, that should be enough for now.AIMHO...

[paleje] 16/4/2018 14:58

Fair enough initial coverage based on what information they currently have. Would have been good to see how they have apportioned value to arrive at their target, presumably Moly makes up the main part so plenty of room to upgrade as more news unfolds.

[jarega85] 16/4/2018 14:06

Reasonably happy with that but remember THOR had 14p target themselves in mind as have a clause with MTR about accelerate the warrants they have.