Thor Energy Share Discussion Threads

[andy] 16/7/2018 09:15

Noirua,


Why do you think the price spiked this morning?

[noirua] 16/7/2018 09:13

The bid price is now at 1.925p as MMs tighten the spread and hold down the offer. Unless some late trades are in there the price should breakout shortly.

[noirua] 16/7/2018 09:01

The fall from 4.25p to 1.5p was very much overdone and amounting to 65%. A rise of 183% is required to return to 4.25p.

Nothing has really changed and the market became bored over delays on a joint venture and maybe conversions at 0.9p meant sellers just reaped their 66% profit and could not care less about the fundamentals or anything else.

[paleje] 15/7/2018 15:18

It’s a good listen, quashes some speculation including some of my own. Still needs Mick to deliver though and if he’d kept better timelines or explained more effectively perhaps sentiment wouldn’t have eroded so badly.

Anyway good on PJ for getting out there.

[noirua] 15/7/2018 15:12

The only micro-cap mining company I know that has nearly as much cash as its market cap is RRR and due to be the first to pay a dividend. I'm suspicious PJ mentioned RGM run mainly by his buddy Andrew Bell and not RRR, also run by him as Chairman of both.

Anyway, he does still rate THR as highly as ever but but but, I don't see his comments about them being well funded, I have to say it, as true - well, as true as I personally would like and want. If they had £8 million in cash, preferably £20 million, and with that zero debt like RRR I'd cheer from the roof tops, however, I remain at ground level on that one. Maybe, and likely, PJ has a greater insight - he must have, mustn't he - yes...

[noirua] 15/7/2018 14:37

SHARETALK -- On Friday the 13th of July Thor Mining Plc released an RNS to state that Paul Johnson was stepping down from a Non-executive Director role. We took the time to speak to Paul and understand his rationale behind stepping down, ask if he remains a large share holder and what the future holds.
15 Jul, 13:27

[vish65] 15/7/2018 12:27

When PJ was appointed as director in 2016 his role was very much to market the company and raise the profile (and S Price) of Thor to attract investors as it moves towards commercialisation . There is a 2016 Sharetalk video on Youtube in which MB and PJ make this clear.


We have expectations that Thor is evolving and changing as this strategy is put in place. Therefore there is every chance his role is now defunct and we should expect appointments to the Board as part of a JV or representations from offtakers or financiers that give the correct balance and skills to the Board based on Thors new situation.


Therefore it is equally plausible that his resignation can be taken as a positive and we need to watch for new appointees.


The only only possilbe fallout with Thor I can see is the 125k he put in for new projects (Pilbara) of which the results and use of cash still seem unclear. But it is only 6 weeks ago he was interviewed and again pumping out Thor.




BTW did anyone notice Alistair Middleton resigned from MTR a couple of weeks ago but is still currently serving on Thor . So it suggests to me things ARE moving forward within Thor.

[bsg] 14/7/2018 18:33

Let's hope the highly dilutive placings don't return. May PJ had a hand in reducing them.

[bsg] 14/7/2018 18:28

As the say, time will tell.

[paleje] 14/7/2018 10:49

Only small money though, Ian. I would take more comfort in him buying now as he's freed from director restrictions.

Incidentally PJ blocked me from his twitter account yesterday, I don't tweet much but occasionally make a comment, I made an observation about his departure which was retweeted but then I was blocked. That's a first for me, don't know quite what caused the offence.

Anyway it's a can of worms and needs sorting.

[bsg] 14/7/2018 07:43

Too slow for him. He'll probably want out now. Sub 1p soon I reckon.

[the deacon] 13/7/2018 19:40

Julia Maguire (@MsJuliaMaguire)Frosty Wooloomooloo runs before catching up with @HavilahRes, @BridgeStCapital, @ThorMining and @MickBilling today ?? https://t.co/1F0CoQifGEJulia Maguire (@MsJuliaMaguire)https://twitter.com/MsJuliaMaguire?s=09Emerging Companies Advocate • Executive Director @TheCapNet • Lover of Enterprise, Stocks & Style • Connecting ASX Companies with CapitalRecent tweet. THR looking to raise some funds?

[paleje] 13/7/2018 19:16

Frees him from sweet talking, he’s just tweeted looking forward to some newsflow now that reflects the value of their efforts. I think he’s been getting frustrated like the rest of us but with a Ned hat on.

Well if he’s unhappy about anything he's a substantial holder now free to express himself with other substantial holders if he wanted to and I don’t mean selling. Not saying that’s the case just pointing it out.

Let’s hope it’s newsflow (proper news) on its way.

[abrahe00] 13/7/2018 17:52

I'm not sure about the heavy selling as he'll take one hell of a hit, given that he bought a truck load at well above 3p.The rest of the rns is just your usual waffle and back slapping.With real good news, I do agree with Paleje that the price will move quickly. But, patience is wearing really thin...

[the deacon] 13/7/2018 17:31

Cue heavy selling from Johnson.. Probably..

[noirua] 13/7/2018 17:28

Looks as if Thor Mining THR are looking to cut costs all round now. Paul Johnson has immediately resigned as director. This did help RRR now considered a small conglomerate by its Chairman. Andrew Bell and Paul Johnson looked like buddies about two years ago and may get back together again, who knows:

Looks as if Thor are close to making further announcements.

[paleje] 13/7/2018 16:29

It isn't just MTR to consider here, PJ has a considerable stake too and both are privy to more than we are. If they are playing by the rules neither have been selling.

PJ has consistently and conspicuously supported MB via twitter, MTR said a few weeks back that they were happy with their investment and expected to turn a profit.

I don't think there's the slightest chance Mick will be looking to develop PM, it will be sold all or part. The prospect for a US outfit gets better as a 2nd term for Trump gets likelier imo.

MH is a puzzle, I can't for the life of me think why he has not released what he's promised or given a plain reason for it not BS. PJ is a NED he should take it up in the interest of shareholders at large, he would be thanked and respected for it.

Meanwhile this summer trade with tiny volumes is not to be relied on, the share price can move very quickly in the opposite direction on production of credible good news.

[noirua] 13/7/2018 15:16

abrahe00, at least MTR usually wait to get out at the best moment and are unlikely to sell their shares. Not known to dump them on the market and usually find a well heeled investor at the right moment. Also Metal Tiger are probably going to want to increase their interest at a low point. However, they have warrants in RRR due for conversion in August that would cost £600K. 1.6p to buy appears rather low guys.

[abrahe00] 13/7/2018 14:58

and down she goes again...

Is it too far Noirua? The prolonged delay is being interpreted as "possible bad news" at Molyhill, despite what Mick might be saying. Kapunda is already priced in, which just leaves Pilot Mountain. Given that there is no suitor for THR in sight, the only conclusion is that Thor will need to raise upwards of $40m in financing to build the production facility in Nevada.

I don't think Mick can pull it off.

Sub 1p by the end of July if nothing changes. Lets hope MTR quietly show MB the door and take charge.

AIMHO... DYOR...

[noirua] 13/7/2018 14:48

The fall in Thor appears to have gone too far, oversold. Like many stocks once the selling sets in it becomes concerted and many evacuate because they think the roof will fall in. Time to consider buying back in.

[abrahe00] 13/7/2018 08:09

Sad, hopeless, pathetic... I can think of a few more less polite adjectives to describe Mick's performance.

It's been a month since his pointless letter to shareholders and 3 months since the MH DFS was due "shortly" and yet, nothing! Incompetence at its best...

Then he complains that the market doesn't take THR seriously.

[paleje] 12/7/2018 10:44

Sad isn't it, and not many months ago MB was telling us any one of our 3 projects was worth more than the market cap which was then chasing 20m.

Last October we entered a 'commercialisation' phase. You wouldn't know it:)

[abrahe00] 11/7/2018 14:27

Profits? MB needs to learn the meaning of the word "shortly", never mind any profit!

P*ss poor management with delusions of grandeur. Can't even get a DFS out on time.