Thor Energy Share Discussion Threads

[abrahe00] 03/9/2021 15:14

Not sure what his role was in the last year. Just pocketing his salary for not doing much, I think. Hopefully he won't need replacing.

[medusala] 03/9/2021 09:33

You reckon drilling going to get replaced by a big hitter?

[dig and sell] 02/9/2021 11:33

Fortunately, they didn't sell it for cash, so they can't just waste the money or relocate it into Director's pockets. They are receiving new shares in Power Metal Resources Plc instead, plus exerciseable Warrants to buy more in future at a fixed price if they so choose. The shares can only be sold in tranches after 6,9, 12 & 15 months, so Thor are still very much invested in Pilot Mountain, they just won't own it anymore (subject to due diligence etc. by the purchaser)

[abrahe00] 02/9/2021 09:41

PM was/is their only asset with any intrinsic value. They should've used all the money raised in progressing PM rather than wasting it on expanding Molyhil.

Let's see how long it takes them to p*ss away the $1.8m...

[rabiddog] 02/9/2021 09:02

Yeah..there seems to have been no strategy at all just random acquisitions and no focus on actually producing anything. The disposal of Pilot indicates a change to this approach I hope !

[abrahe00] 02/9/2021 08:27

And good effin riddance... Sadly a few years too late to make any difference.

[knightrider69] 02/9/2021 08:01

Gawn by bye

[rabiddog] 02/9/2021 07:53

It’s true…

[abrahe00] 02/9/2021 07:39

Where did you hear that? The share price should double just on that news alone!!! ;o)

[medusala] 02/9/2021 07:32

Mick drilling goneski

[uknighted] 31/8/2021 12:35

RNS

Sale Option - Pilot Mountain Project

The directors of Thor Mining Plc ("Thor") (AIM, ASX: THR, OTCQB: THORF) are pleased to advise that they have entered into an Option Agreement with Power Metal Resources Plc ("Power Metal") (AIM: POW) to divest the Pilot Mountain Tungsten Project ("Pilot Mountain") in Nevada, USA for an agreed value of US$1.8 million.

[the count of monte_cristo] 31/8/2021 12:13

Another RNS

[the count of monte_cristo] 31/8/2021 07:08

That is a good drill result, almost from surface as well, a few more like that and this could really fly!

21AED005 72.7m @ 1.0% Cu and 0.19g/t Au from 6.3m, including
18.2m @ 2.0% Cu and 0.34g/t Au from 15.8m

[uknighted] 31/8/2021 06:30

RNS

Nicole Galloway Warland, Managing Director of Thor Mining, commented:

"The newly discovered broad zone of high copper and gold grades from near surface in 21AED005, combined with the significant intercepts in 21AED001 and 21AED002 takes this oxide mineralised system to a new level, reporting values well above the Mineral Resource Estimate grades.

The confirmed uplift in copper and gold grades along the controlling NNE structure continues to excite and exceed the directors of Thor expectations. We look forward to testing this structure in areas open along strike, to the north and south.

Pump testing scheduled for start of September will further advance the In-Situ Recovery (ISR) 'proof of concept' hydrometallurgical assessment.

Exciting times ahead as we await final assay results from this drilling campaign and commence the ISR for copper and gold baseline studies."

[abrahe00] 26/8/2021 10:40

I don't think I've seen a worse set of drill results anywhere in the Patterson. Just 5m @1g/tI think I'll find more gold in my back garden...

[roberts1975] 11/8/2021 13:02

Do they think putting the word strategic makes it a better placing Makes me laugh

[abrahe00] 11/8/2021 10:30

"Mick Drilling"! I like that... lol

Yes, the numpty also didn't raise funds a few years back when the share price was around 4p. He waited until they were around 1.1p. Now, the same has happened. The man's incompetence is beyond belief.

He also fudged the Molyhil DFS by quoting a ridiculous 5% discount rate in the NPV in order to get it to a $100m valuation and a 10 years mine life. All other calculations were always based on a normal 8% discount. Investors saw right through that. No one trusts this bafoon any more. It's time he retired and took his cronies with him.

[1347] 11/8/2021 09:54

The years go by, the placings come and go, rocks get drilled, assay results get reported the one thing missing is any actual mining. I had hoped things might improve after the board changes last year and the arrival of a new MD, but she's just continuing where Mick Drilling left off.

Is it right that at the previous placement Billing said this?

"We were offered twice as much as the 750k at 0.85p but didn't want to accept it as we expect the share price to rise at some point"

If true then he's a bigger clown than I thought as he was wrong and has now raised at a lower price.

[abrahe00] 11/8/2021 07:09

I rest my case!

[theblackbaron] 11/8/2021 07:00

Funds exciting drilling going forward on gold area and we do have results from copper drill soon

[abrahe00] 11/8/2021 06:54

Same old same old... More dilution with ZERO delivered. I see our new CEO is a chip off the old block, Mick "Mr Dilution" Billing.

They're pouring more good money after bad by persevering with Molyhill. Then again, another 6 months of pointless drilling should give them enough of a window to attract more gullible fools to this pile of poo...

[thereverenddavid] 10/8/2021 12:44

uknighted............ not quite

[uknighted] 09/8/2021 07:52

News

“ Segun Lawson, President & CEO, stated

"The initial drilling results from the newly discovered Makosa Bridge prospect are very encouraging. Importantly, the results have established that continuous gold mineralisation is developed over a strike length of nearly 7.5km extending from Makosa Tail in the south to Makosa North. From these reconnaissance drill results it appears that the Makosa system is developing in scale and Makosa North is not yet closed off to the north. We are looking forward to receiving the last set of results aimed at extending Makosa North, after which we will be working towards a maiden resource at Makosa."

[uknighted] 27/7/2021 06:23

RNS Quarterly Report