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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Thor Explorations Ltd | THX | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -0.20 | -1.36% | 14.50 | 16:35:21 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 15.00 | 14.75 | 15.00 | 14.50 | 14.70 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
|---|
Posted at 22/3/2024 10:21 by stevea171 New Crux Investor interview 21/3/24 with Segun. 23 mins.Thor Explorations - Surging Cash Flow, Debt Paydown and Exploration Upside for 2024 2024 is called year of delivery. After doing the hard yards last year, Thor have confirmed that they are now mining the relatively high-grade ore body, which means they'll be averaging 4+ g/t for the next few years in the open pit. At nameplate, the mine should produce about 100,000 oz per annum, with a reduced ASIC due to the higher-grade mining. With AISC guidance of $1100-1200 and current gold prices they're making $1,000 an ounce of free cash flow, equating to $100 million free cash per year. Segun expects $300 million free cash over the next three years which clearly gives Thor an awful lot of options going forward. Thor expects to fully repay its $22 million in debt by the end of 2024, with large debt repayment already at the end of March of $8 million, leaving the company with a clean balance sheet and strong cash flows to fund growth initiatives. Douta. Segun has now said that they have found and are about to drill more oxide targets in Q2, which should add to the commerciality and profitability of the resource. The PFS is pushed back beyond Q1/24 to as soon as possible thereafter due to additional metallurgical testing - oxide, transition, sulphide ores. Waiting to hear back from the Labs (incl Australia) for confirmation of the process flow sheets they are using. There's a lot of detail in the PFS. If it's decided to follow with a Bankable DFS then a lot of the work for this has already been done. Q2 drilling for more oz at Segilola and lithium exploration. Initial budget of $4 million for 2 rigs deeper drilling near the pit and another rig for satellite prospects near mine. Results will be given out from Q2 onwards. |
Posted at 22/2/2024 09:18 by stevea171 Selling in smallish chunks in the last hour or so here yesterday, in Canada over night and now again here this morning. Seems to be one or more distressed holders with limited buyers to soak it all up so crashing the share price LSE comments: Last night. The share price is down 8% on something like £12k of sells broken in to about 10 trades so its hardly like a large holder trading in this manor. This is clearly retail as incredibly amateur and very distressed to hit out small trades below bid. Honestly think in 6 months time here we could be looking 25-30p should they extend the mine life as expected. Chucking out 85-90m ebitda at the moment call it 1 x Mcap. This morning. The volume in Toronto was 3x the average, it was a large (selling) volume day. If there weren't many trades, then it's likely it was one (or a small number of) large holder(s). Are institutions buying or trading this in any sort of volume? No. Large holders selling are not professional investors and likely need the money (or bored of waiting for returns) and this is exactly what the share price is at the mercy of. Which is exactly what has been written here for years. Saying it's just some amateur is to miss the point that this hasn't always been going on and will continue to go on. Unless this share is more widely distributed (or someone wants a big stake or buyout), we will never see fair value. This is an asset for the handful of people who own the majority of shares to be utilised/monetised/l We must be approaching halfway through the original Segilola mine life and we're now at my first buy-in price, from well before ground was broken, many years ago. No share price appreciation whatsoever for being a producing, profit-making, low debt mine, with potential for extension, additional gold leases for development, lithium... etc. Add in many years of inflation and I am well down. And that doesn't consider I have averaged up over the years, so I am very, very down. The prospects were improving, right? Why wouldn't you add? Having slept on it though; a market-settling RNS wouldn't help. There is no 'market' issue. Someone (probably one person) is selling... no one is interested in buying, as usual. Clearly very few people know about this or very few people are interested in this. What can be done to address that? Let's get definitive news on Segilola extension, the plans for Douta (sell it if it doesn't make sense and return the money to investors), more clarity on how the AISC will be reduced, plans for buy-backs, dividends (it's not 'only' been operating 2 yrs, it's profitably halfway through mine life), etc, etc. What is it, ~60% down from the recent high in ~8 months and the gold price is higher today than it was then? But nothing has changed. It's incredibly frustrating. |
Posted at 04/8/2023 14:13 by oshy92 Afternoon. We are holding an investor webinar with management of Thor Explorations, midday (UK time) on Friday 18th August. To register please go to:hxxps://us02web.zoom |
Posted at 12/6/2023 11:50 by melloteam FREE EVENT TONIGHT FT THOR EXPLORATIONS, MONDAY 12TH JUNE AT 5PMJust to let shareholders and prospective investors know that Thor Explorations will be presenting on MelloMonday tonight. For the full programme, please see below 5.00 pm Mello welcome followed by Keynote Interview 5.30 pm Company presentation from Thor Explorations 6.00 pm Damian Cannon presents his Tommy charity pledge 6.05 pm Mello BASH with Damian Cannon & Mark Simpson featuring DX Group (DX.) and Gaming Realms (GMR) For more information, click here: To join for free, register for the webinar here: |
Posted at 13/4/2023 07:49 by burtond1 "...Well chosen gold miners can offer premium returns above the gold price and a more rapid appreciation than the product they sell. Investors looking for value might look beyond the mining majors to small gold miners..." Below we pick out a 14 small cap gold miners worth watching : https://total-market |
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