Thor Energy Share Discussion Threads

[abrahe00] 31/10/2018 07:08

Burning cash at roughly A$800k per quarter. With about $A1.6m in the bank, I reckon they'll have to raise more money early in 2019.

Let's hope Mick makes that deal on Moly pretty soon.

GLA.

[abrahe00] 30/10/2018 08:01

Yes. Although I notice that the total shares in issue has climbed from c. 509m in September to over 670m!

Oddly, this is also the number quoted by Northland in their coverage note, which seems to be the total of all the AIM and ASX listed shares.

Does anyone know if his is normal practice?

TIA.

[paleje] 30/10/2018 07:56

This morning's RNS a good sign imo, Mick's participation in the warrant exercising 3m at 1.2p.

[paleje] 29/10/2018 11:08

Yep cheers.

[abrahe00] 29/10/2018 10:56

Check your in-box Paleje.

[paleje] 29/10/2018 09:00

abrahe00, do you have Mick's email address please?

[bsg] 29/10/2018 08:37

They normally place at the wrong price. As history will backup.

[abrahe00] 29/10/2018 07:08

It's a standard resolution that companies include regualrly. Gives them a chance to raise some cash at short notice, without having to hold an EGM first.

The price could be lowly now, but what if it spiked off the back of funding for Moly? It would be a good opportunity then to raise a bob or two to fund the work at PM.

As Hoper says though, it's all predicated on Mr Billing extracting the said digit from his posterior.

AIMHO...

[hoper1] 26/10/2018 19:03

Yep, sounds like even more shares will be slushing around. Same old story. Time Mick got his finger out.

[paleje] 26/10/2018 16:23

Am I reading todays agm notice correctly, s/holder approval sought to issue additional shares:-

'Resolution 7 seeks the approval from shareholders of a 10% placement facility. ASX Listing Rule 7.1A enables eligible entities to issue equity securities up to 10% of its issued share capital in accordance with the terms set out in resolution 7 (10% Placement Facility). The 10% Placement Facility is in addition to the Company's 15% placement capacity under ASX Listing Rule 7.1. At this Meeting the Company is seeking shareholder approval by way of a special resolution to have the ability to issue additional equity securities under the 10% Placement Facility.'

If so it won't, if used, raise very much cash at the current lowly share price. Not quite sure what to make of that.

[vish65] 25/10/2018 13:51

Northland note out . Values Thor at 4.2 p. Tap the pictures and swipe

[vish65] 25/10/2018 13:32

Warrants.

Agree with Paleje here. They seem to relate to rns 17/5/16 with a third going to MTR , The 13600000. And the rest to HNWI.

If things with the share price remain unchanged why turn them to get 20% while effectively diluting your core holding .

Even If they are held the share price would tank further imv.

HNWI have offered cash IF NEEDED and MTR we know have purchases and warrants above 3p.

If they were to turn them they would also be supplying MM's who appear from gossip to be short.

It would all be self defeating unless there is a major boost to the share price with big news before the expiry date.

[abrahe00] 25/10/2018 09:50

Because the share price performance has been abysmal this year and they will get a quick 15%-20% return on their investment, made all the more appealing given Mick's absolute failure in generating any value for shareholders.

Completely off topic... Any of you guys into EUA?

They've released some very good news over the past month and yet their share price has not budged. Might be worth a small punt with more news imminent.

GLA.

[paleje] 25/10/2018 09:44

Morning Andy, I agree MB would like the dosh. But why would holders exercise in such a fragile market for a small margin and big spread. If they do it will be quite a vote of confidence, unless of course MB finds some good news from somewhere:)

[andy] 25/10/2018 00:36

paleje,


They'll want that warrant money in, and they are in the money, if the price holds.

[paleje] 25/10/2018 00:13

The market is so weak, abrahe00, you’d think they might just hold on to them if there’s no news to sell into or they’ll shoot themselves in the foot by trying to offload.

I liked what RRE did earlier this week, so peed off with their sp, they offered to buy back at 20% premium via tender from holders who want an exit.

Might as well face it we’re in a bear market and silly prices could remain even with decent news. Great if you’ve got cash. And are brave. And lucky:) otherwise patience, ride it out. Imo.

[abrahe00] 24/10/2018 14:28

5,775,829 1.2 pence unlisted warrants expiring 2 November 2018
31,448,194 1.2 pence unlisted warrants expiring 29 November 2018
13,600,000 1.25 pence unlisted warrants expiring 1 December 2018

Let's hope we get some positive news on funding before then. Otherwise, these expiring warrants will wreak havoc on the share price ..

[paleje] 23/10/2018 09:40

Great video thanks Vish. Not least because they talk the reasoning behind it.

And I think we know a company that has quite a few.

I liked Alan Broome' comment on successful miners going forward, resource an obvious prerequisite but importantly in his opinion - a possible differentiator - process and technology. We've got that potentially in Kapunda and the in situ process which Oz gov is kindly helping to pay for.

[vish65] 22/10/2018 19:50

Excellent video from Proactive today. Worth a watch

Covers vanadium, tungsten, copper, lithium and new mining technologies (ISR ?) from an investment perspective

Just wish I knew a company that had that lot :)

[andy] 17/10/2018 09:32

Vish,

OK fair comment, if that is the case it would make sense to be looking further out, let's see if it is.

I wouldn;t think they will hold back if a deal is in process, once it's agreed so we shouldn;t have long to wait.




Paleje,


Interesting, many thanks for the link.

[andy] 17/10/2018 09:32

Vish,

OK fair comment, if that is the case it would make sense to be looking further out, let's see if it is.

I wouldn't think they will hold back if a deal is in process, once it's agreed so we shouldn't have long to wait.




Paleje,


Interesting, many thanks for the link.

[cf456] 16/10/2018 13:24

"Our base case risked DCF-based valuation of 7.3p per share (9.8p unrisked) is based solely on Molyhil and represents as a base case 335% upside from current
levels (445% Unrisked)"