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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Thor Explorations Ltd | LSE:THX | London | Ordinary Share | CA8851491040 | COM SHS NPV (DI) |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 17.00 | 180,256 | 09:48:59 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 16.50 | 17.50 | 17.25 | 17.00 | 17.25 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Gold Ores | USD 139.38M | USD 10.87M | USD 0.0166 | 18.07 | 111.53M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 14:00:22 | O | 150,000 | 17.50 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 02/12/2024 | 07:00 | UK RNS | Thor Explorations Ltd FURTHER POSITIVE DRILLING RESULTS FROM SEGILOLA |
| 25/11/2024 | 07:00 | UK RNS | Thor Explorations Ltd EXERCISE OF SHARE OPTIONS AND DIRECTOR DEALINGS |
| 14/11/2024 | 07:00 | UK RNS | Thor Explorations Ltd NOTICE OF ANNUAL GENERAL MEETING |
| 11/11/2024 | 12:30 | ALNC |  Thor Explorations profit surges, awaits findings of Osun tax dispute |
| 11/11/2024 | 07:30 | UK RNS | Thor Explorations Ltd Investor Webinar to discuss Q3 2024 Results |
| 11/11/2024 | 07:00 | UK RNS | Thor Explorations Ltd Third Quarter 2024 Financial & Operating Results |
| 16/10/2024 | 11:07 | ALNC | Thor Explorations reduces production forecast following heavy rainfall |
| 16/10/2024 | 06:00 | UK RNS | Thor Explorations Ltd Q3 2024 OPERATING UPDATE |
| 07/10/2024 | 06:00 | UK RNS | Thor Explorations Ltd POSITIVE DIAMOND DRILLING RESULTS FROM SEGILOLA |
| 01/10/2024 | 12:12 | ALNC | UPDATE: Thor Explorations challenges "false" press allegations |
Thor Explorations (THX) Share Charts1 Year Thor Explorations Chart |
|
1 Month Thor Explorations Chart |
Intraday Thor Explorations Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 03/12/2024 | 16:12 | Thor Exploration | 218 |
| 03/7/2023 | 12:21 | Thor Explorations expands footprint to include lithium | 2 |
| 02/7/2023 | 19:24 | Gold | 10 |
| 11/10/2022 | 11:17 | Tex Holdings - Ignored but for how long? | 7 |
| 09/4/2008 | 11:27 | ADVFN | 1 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 17:15:00 | 17.50 | 150,000 | 26,250.00 | O |
| 17:15:00 | 17.50 | 250,000 | 43,750.00 | O |
| 17:15:00 | 17.13 | 450,000 | 77,062.50 | O |
| 14:00:22 | 17.50 | 2,571 | 449.93 | UT |
| 11:33:34 | 17.13 | 8,756 | 1,499.90 | O |
| Top Posts |
|---|
Posted at 03/12/2024 08:20 by Thor Explorations Daily Update Thor Explorations Ltd is listed in the Gold Ores sector of the London Stock Exchange with ticker THX. The last closing price for Thor Explorations was 17p.Thor Explorations currently has 656,064,724 shares in issue. The market capitalisation of Thor Explorations is £196,819,417. Thor Explorations has a price to earnings ratio (PE ratio) of 18.07. This morning THX shares opened at 17.25p |
Posted at 02/12/2024 10:15 by martinmc123 Thor Explorations Ltd is a West African-focussed minerals exploration and mining Company, that is currently producing gold from its wholly owned Segilola Gold Mine in Nigeria and is advancing the Douta Gold Project in Senegal towards development. The miner today announced further positive results from the initial proof-of-concept drilling programme that targets the down-plunge potential beneath the current Segilola open pit extents. Previously reported results include 3 metres grading 11.24 grammes of gold per tonne from 294m...from WealthOraclewealthoracle.co.uk/d |
Posted at 20/11/2024 08:09 by stevea171 Segun Canadian interview. 21 mins. Thor Explorations – Q3 Financials/OperationWith only half of Q4 remaining guidance reiterated ie production is on track for c. 25k oz Q4 and 85k oz for FY at $900 AISC. That's around US$42.5m free cash for this Q. Q3 2024 Financial Highlights 18,167 ounces (“oz”) of gold sold with an average gold price of US$2,328 per oz. Cash operating cost of US$585 per oz sold and all-in sustaining cost (“AISC”) of US$766 per oz sold. Revenue of US$40.2 million (Q3 2023: US$36.6 million). EBITDA of US$27.4 million (Q3 2023: US$10.5 million). Net profit of US$17.5 million (Q3 2023: US$0.9 million). Senior debt facility reduced to US$3.9 million as at September 30, 2024. This debt is scheduled to be fully repaid by the end of Q4 2024 Transitioned from a net debt position of US$2.7 million as at June 30, 2024 to a net cash position of US$2.7 million as at September 30, 2024. |
Posted at 18/10/2024 08:38 by ukgeorge Decided to buy some more today, sold some non producing lithium plays. Fingers crossed the strong cash flow continues and the share price responds.87 and 67k shares strange they haven't shown up yet |
Posted at 21/9/2024 17:48 by cyberbub Just looking in here very briefly, looks like at least $80m net profit for the year at current gold prices, say £60m. On a p/e of 8 that would be £500m cap if you ignore the debt which is about to be paid off. So about 80p share price. Why is it still below 20p? Is there a short mine life? High political risk in Nigeria and Senegal? Thanks for any comments. |
Posted at 13/9/2024 11:08 by teapot222 If Segun kept mentioning starting dividends from next year which he never really pushes through in interviews this would get more interest as the past few years have seen little in terms of share price growth, which hopefully will change but guaranteed dividend returns in the short term would entice a lot of investors. |
Posted at 13/9/2024 07:13 by hamidahamida Wow GOLD trading at an all time high Market will soon wake up and realise how cheap THX isJust look at the margins THX delivered in H1All in cost under 802 dollars Gold Trading at 2550 dollars 45000 oz for the h2 Over 1600 dollar margin that's over 60 million just in H2 and company is worth just over 100 million |
Posted at 23/8/2024 09:21 by stevea171 These results should silence the doubters with further massive returns coming in H2.H1/24 net profit $40 million H2/24 net profit $50 million FY/24 net profit $90 million Mkt Cap £113 million When the market digests these results the share price should rerate to 30p for starters. 23/08/2024. Thor Explorations Announces Financial and Operating Results, for the Three and Six Months Ending June 30, 2024 Financial Highlights for the Period and H1 2024 23,588 ounces of gold sold in Q2 2024 with an average gold price of US$2,309 per oz. Cash operating cost of US$585 per oz sold and all-in sustaining cost ("AISC") of US$802 per oz sold. During the Period, lower cost medium and high-grade stockpile with an average grade of 3.42 grams per tonne of gold ("g/tAu") was fed through the mill resulting in a lower than expected cash operating cost and AISC. Q2 2024 revenue of US$53.8 million (Q2 2023: US$41.3 million) and H1 2024 of US$87.1 million (H1 2023: US$81.7 million). Q2 2024 EBITDA of US$37.6 million (Q2 2023: US$25.6 million) and H1 2024 of US$60.9 million (H1 2023: US$40.3 million). Q2 2024 net profit of US$27.5 million (Q2 2023: US$14.4 million) and H1 2024 of US$39.9 million (H1 2023: US$17.4 million). The Company paid a further US$7.9 million towards its senior debt facility, leaving a balance of US$6.5 million which is scheduled to be fully repaid by the end of the calendar year. Net debt of US$2.7 million as at June 30, 2024. |
Posted at 01/3/2024 21:30 by stevea171 News. We are due an updated MRE for Douta any day now. Q1/24 is current guidance. This is expected to increase both the resource to c. 2 million oz gold and the average grade.This is to be followed by the PFS for Douta delayed from Q4/23 to Q1/24 with only a month now left in Q1. With this information in the public domain there will be visibility of the valuation of the asset and development issues and costs. Segun thinks Thor can build a mine there without dilution of shareholders but Endeavour's huge mine, Sabodala, is just trucking distance away from Douta, and other predators incl possibly the Chinese will no doubt take a close interest when this PFS is released. At the moment Douta is valued at zero in the THX share price which gives the AISC $1150, 100k oz producing mine at Segilola a derisive valuation. THX share price was recently smashed even lower by a further 20% by a large seller wanting out at any price over a 3 day period but the shares are starting to bounce back with likely more on news. |
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 16/1/2024 14:38 by stevea171 Spotlight on Douta and valuation.A lot is happening here. But what is Segun up to with Douta? The PFS has been moved back from Q4/23 to Q1/24 to give more time for a new MRE to be issued in Q1 ahead of the PFS where the resource of 1.78 million oz gold is expected to be expanded to 2 million oz at a higher grade, with more converted from inferred to indicated category and for development of the mining process with the Chinese in conjunction with the metallurgy work in Perth. Exploration here has so far been limited but with further exploration and drilling along a 15 km mineralised corridor the resource can be expanded further. Douta is not a straight forward development due to the refractory ore element as with the nearby Massawa development (Endeavour). The cost of building a 100k oz pa mine at Douta will not come cheap. $120 million for Stage 1? It can be done in two stages with the oxide ore CIL processing first followed by a BIOX. Stage 1 could be financed 50% by a Finance Co and the balance through cash flow this year and next. Commence 18 month build early 2025 with completion mid 2026. Randgold/Barrick did not develop the much higher grade and larger Massawa deposit for 10 years before selling out for $380 million in 2020. Then there is the salutary lesson of the failed development of the adjacent Makabingui deposit in 2020 by Bassari Resources. When the PFS comes out it is sure to trigger interest from predators and in particular from Endeavour to add to their regional supply of ore to their huge operation at nearby Sabodala. The economics for the low grade ore could be improved for Endeavour by installing a crusher and ore sorter at Douta before trucking to Sabodala. What price would Endeavour offer for Douta? $100 million? (B2B Gold sold its 1.1 million oz, 2.3 gm/t Toega resource in Burkina Faso to West African Resources in 2021 for $45 million). Segun says he is not looking to dilute shareholders with future development of Douta or the recent Nigerian lithium deposits but is open to partners/JV's. He has strong links to the Chinese who were contracted for construction of Segilola and are involved with the process design for Douta. So it's likely the ball will kick off with the PFS in a couple of months time. Future development of a second mine for Thor in Senegal? Or a sale providing funds for gold and lithium mines in Nigeria where Thor is the first mover with plenty of attractive prospects. None of this is in the share price at a near low of 14.25p since listing on AIM in 2021. Thor: "Our vision is to create significant shareholder value by being the largest producer of gold and the leading and sustainable supplier of lithium in Nigeria." THX Mkt Cap is £93.5 million at share price of 14.25p. Dual listed. Also on the TSXV (THX) with share price CA$0.23. Major holdings: Segun Family 15%. Segun 4.5%. Comparison: Shanta 100k oz pa. Mkt Cap £136 million at 13p. Target Price: 30p - Canaccord Genuity 15/1/24 If significant lithium deposits are discovered and developed Thor could become a billion dollar gold and lithium producer. News 15/1/24: Q4/23 production results. |
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