Thor Energy Share Discussion Threads

[x54v] 20/10/2017 15:11

The RNS seems to have gone down well so far.

"As a company we have to be bold and demonstrate that in the board's view, the market value of the Company considerably understates the value of our business interests."

[josephrobert] 20/10/2017 15:05

I've skimmed through this RNS - I think it will address a number of investors concerns.

[edgein] 20/10/2017 14:09

Good man Mick, focus is on development and financing of the projects rather than expanding them any more through drilling. Great to see the potential off takers and financiers pushing for the feasibility study for PM, its gonna be huge. It'll make a mockery of our £3.5m market cap!

Regards,
Ed.

[josephrobert] 16/10/2017 18:50

If that was to get to the production stage Vish65 - and a free carry on our share :) - I would take that all day long. The share price should explode.

Looking at it in more detail in



I see there were equity and debt components. Also worth mentioning that the Tungsten price was different to what it is now...the share price is twice as at the announcement... Barruecopardo's infrastructure is certainly not the same as Molyhill though - so if we were offered anything like those terms I will be doing cartwheels from Lands End to John O'Groats.

[vish65] 16/10/2017 13:12

ref :Ormonde - a hedge fund provided the loan finance but Management gave away 65% to get it.

[josephrobert] 16/10/2017 12:45

Well said vish65. An option, helped by 100% ownership, is a 100% sale. How about the sale price being the costs incurred through the years? That might be a princely sum considering THRs microcap status. What happened with Ormonde mining though?

[vish65] 15/10/2017 21:06

Molyhill - Thors bargaining position for development is massively weak . No cash , no cashflow of any significance , 6 year mine life only , no track record for developing into production any other assets that I'm aware. How much a stake are they going to have to give away to attract financiers (Ref Ormonde mining) ? And with a lot of talk of being at the front of a mining surge after years in the doldrums they need to be developing and building now in order to take advantage .

The only thing to look forward to hear (apart from future placings) is being wiped out.

[timw3] 15/10/2017 15:08

O/T EME newsflow starts again very soon on their recent discovery and could be pumping gas in to the paying system by the 1st of November.

30p highs to be tested soon imo

[josephrobert] 15/10/2017 13:45

The thing worth remembering you pay you money and get your choice - and investing in mining stocks is no exception. If you want something that is mining stuff out of the ground, getting revenues and profits then buy BLT and the like. If not then this arguably has merit as an investment.

[josephrobert] 15/10/2017 13:42

I think we are some way away from a greater degree of interest - that's why the share price is where it is, the anaemic volume and lack of institutional support. But that shouldn't come as any surprise as the market cap is £3m, there is so little cash in the bank, there is so little to develop the resources ourselves, and we are hardly in a boom period where capital raising is plentiful etc

Clearly we have a need to raise capital - and I suspect the mining industry is the better place to do so - rather than equity markets - clearly it must be a sellers market out there too.

That said I have invested and I do like the presentation which brings things together nicely htTTp://www.thormining.com/-/thor/lib/docs/interviews/Thor%20Minng%20201709.pdf

So a few quick observations FWIW

Molyhill - well worth looking at a bit more detail on the feasibility study and the assumptions - from those I can't get too excited about it - it's in the middle of nowhere for one - however the key aspect is the amount of upside with a larger resources - again need the cash to develop the resource to quantify that with more certainty

Pilot Mountain - less developed, probably more upside than Molyhill, has better infrastructure, needs more money thrown at it.

Both M and PM have 1 owner so that is more valuable than fractured ownership to someone interested in these projects.

Kapunda - looking forward to the JORC but gut suggests it looks more feasible than the others imo.

[edgein] 11/10/2017 14:09

Rather than sit there complaining why not email Mick and find out.

"During recent meetings at the International Tungsten Industry Association conference in Moscow we have received positive feedback from a number of parties commenting on the results of our exploration work, and quality of the asset, at the Company's Pilot Mountain project."

Regards,
Ed.

[euclid5] 07/10/2017 20:33

Not much good just commenting on the size, why don't they put their money where their mouth is & part fund the development of the mine or simply buy them out

[edgein] 06/10/2017 09:56

Pilot Mountain just keeps on getting bigger and bigger. New discovery, more extensions and thick mineralisation near surface at good hope. No wonder there are a number of interested parties commenting on the size of PM at the recent conference.

Regards,
Ed.

[bigboots] 26/9/2017 11:41

So much supply to keep the rise in check

[edgein] 22/9/2017 15:32

PJ is spot on too, two advanced projects (Molyhil already past the DFS stage) and are well placed as tungsten is flying, he's just stating the facts.

Regards,
Ed.

[edgein] 22/9/2017 15:30

Euclid,

If you read the updates since 2015 and consider where the price of tungsten is now compared to 2015-2017 you'll understand why Mick said that Molyhil is at the front of the queue. Also its a good thing too that PM is 4-5 times bigger and getting bigger every time they put the drill on it. Not too shabby for a £3.5m company, neither is Moly with a $200m Ozzie EBITDA.

Regards,
Ed.

[euclid5] 22/9/2017 15:25

well don't get me wrong here Edgein, but best of luck anyway

PJ pumping this on his twiter a/c

[edgein] 22/9/2017 15:23

You think the tungsten price may be a factor in that? Did you even listen to the two recent interviews posted?

Regards,
Ed.

[euclid5] 22/9/2017 15:20

They have failed to finance this asset for a while now - if it's that good they would of raised the funds easily

They need $70m Capex for a $67m NPV value for a 6year mine life - they completed the DFS years ago - & still haven't raised finance - if they do heavy dilution

hxxp://www.thormining.com/projects#molyhilmore

[edgein] 22/9/2017 15:16

And anyway they're not looking to farm it out they're looking to finance it.

Regards,
Ed.

[edgein] 22/9/2017 15:14

Tungsten price is up 63% this year. Mick even mentioned in the above interviews its hit $500/MTU and even stayed above $400/MTU for three years at one point! That's transformational if they can get costs below $100/MTU as mentioned.

Regards,
Ed.

[euclid5] 22/9/2017 15:11

But they have not farmed this out yet for so long too.....

[edgein] 22/9/2017 15:03

Good Reverend it looks like Mick said they might be able to get Molyhil down to less than $100/MTU on costs. That would be stunning.

Regards,
Ed.