Thor Energy Share Discussion Threads

[x54v] 03/11/2017 15:56

Indeed Ed.

A load of potential and one to hold for the longer term. In the words of Warren Buffett:

"Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble."

[edgein] 03/11/2017 15:42

x54,

A 5 bagger from here and it'll still look cheap on our tungsten assets. I can't fathom what a good Pilbara gold asset will do to our microcap.

Regards,
Ed.

[x54v] 03/11/2017 15:35

"a mine capable of producing 1% of the global tungsten supply for around 15 years."

That is indeed a hell of an asset, Ed.

And when you consider that the market cap of THR is just a tad over £6 million, well, the mind boggles.

[jungmana] 03/11/2017 14:43

We have to drag Oz with us. The volume there last night was pathetic.

[edgein] 03/11/2017 13:58

5chipper,

We've a mine capable of producing 1% of the global tungsten supply for around 15 years. That's a hell of an asset as its also good grades of copper, zinc and silver too. That alone should support a share price and market cap in excess of £30m and still make it look cheap, its pretty much a global asset. As MB pointed out the financiers are pushing the company for a feasibility. Then we have Kapunda (around 30% indirect interest through 45% ownership of ECL), and Molyhil. When we see the updated numbers for the DFS from that one we'll have a better idea, probably support a cap pre-development of around £10-20m. Certainly when in production PM is mid cap territory. Who knows we may soon have a Pilbara asset to add to the mix too and MB and PJ are only after the most significant high impact stuff, best bang for their buck, therefore our interesting little lith asset remains sidelined for now. If they were to get funding for Molyhil and that into production at the current margins I'm sure they could re-look at that one again. Should they secure funding for the hundreds of AU$m of tungsten at MH I'd revise my value of that one up, again we'll know more in the upcoming revised DFS.

Regards,
Ed.

[jungmana] 03/11/2017 13:28

We have well and truly broken out. Next big resistance is about 2.5p.

[jungmana] 03/11/2017 13:21

I would agree with 5p valuation right now but seeing the likes of ggp going to £60m market cap, I will not be surprised to see 6p+ here short term.This November kapunda news due hopefully next week . New pilbara acquisition due in second half of the month.So exciting time to be a holder.

[5chipper] 03/11/2017 13:14

We've all read the reports stating a potential value here of £1b etc etc

Realistically though, what figure would represent a reasonable and fair valuation?

Assuming, as stated by MB, there are to be no more dilutions, then I would say a fair valuation at the moment would be around £20m. Around 5p per share. Interesting to here anyone else's thoughts.

Cheers

[jungmana] 03/11/2017 13:04

Looks like PJ just can't get enough of this one. Why not when is so cheap right now

[x54v] 03/11/2017 13:00

PJ buying yet more shares today, this time at 1.7.



Relentless.

A statement of intent if ever there was one.

[jungmana] 03/11/2017 12:57

Touch wood, will be good to see 2p today.Incredible undervaluation compared to the likes of ggp,vast etc

[jungmana] 03/11/2017 10:58

Another 900k buy there

[knowing] 03/11/2017 10:51

Well there certainly is strength in the stock at present and with further news expected I will continue to add a few more

[jungmana] 03/11/2017 10:03

The 500k and 893k are buys . More accumulation

[jungmana] 03/11/2017 09:50

Breakout and 2p+ here quickly imo. Could be propelled further with news expected next week.

[x54v] 03/11/2017 09:29

The recent share price strength and volume here has been quite something.

I think it sets the tone for a much larger move to evolve over time.

People are suddenly realising how significant THR's assets are and cottoning on to the fact that their true value is a multiple of the current market cap.

[edgein] 03/11/2017 08:30

Great to see the breakout here today. As that chart shows plenty of upside as MB aims for his mid cap target.

Regards,
Ed.

[jungmana] 03/11/2017 08:10

Due diligence underway on Pilbara acquisition. As Mick said in the podcast should be completed in second half of November.Kapunda news next week is my guess.

[x54v] 03/11/2017 07:57

Why an acquisition in Pilbara could make THR even more of a valuable investment proposition...

"‘Very good’ potential for large-scale gold mining in the Pilbara, says expert"

[x54v] 02/11/2017 21:19

"-Imagine the best Tungsten asset in USA.
-Imagine near term production.
-Then imagine it’s M/C is a £100m.

It’s actually £5.5m 👀

#THR"

[x54v] 02/11/2017 19:12

The journey back up has started:

[edgein] 02/11/2017 15:24

Well he must think these new Pilbara assets are worth continually buying for as well as the other great assets he also mentions.

Regards,
Ed.