Thor Energy Share Discussion Threads

[x54v] 15/11/2017 17:59

Good to see price up strongly today on the back of a positive RNS.

Hopefully this is the start of a second leg up at least as strong as the first.

[tubest] 15/11/2017 17:35

Pleasantly surprised at recent developments

Edgein,think you'll find Hyper Al is being ironic

[jungmana] 15/11/2017 14:42

I bought more. The investment case gets better each passing day.

[edgein] 15/11/2017 12:40

Hyper,

Definitely, the move to put the lith asset on hold said it all, not that it wasn't a good asset but he didn't want to dilute for the sake of it when there's better uses of our money to move Moly and PM towards development and perhaps pick up some pilbara gold along the way.

Regards,
Ed.

[edgein] 15/11/2017 12:14

Good man Mick, fully funded for the foreseeable future puts us ahead of most small cap miners. Gonna update on new and current operations in the near term, can't wait.

Regards,
Ed.

[knowing] 15/11/2017 12:05

Wow thats fantastic news

[cool hand kev] 15/11/2017 11:58

Ok I'm holding for 7p Thx Guys

[geko5trade] 15/11/2017 11:50

Yes looks like no placings required. Look to be in a substantially better place than they were a few months ago.

[x54v] 15/11/2017 11:47

An excellent opportunity here.

- Pilot Mountain - in excess of $1bn of value.
- Molyhil - NPV of 5x market cap.
- Kapunda - near term news likely.
- Potential exciting Pilbara acquisition.
- In excess of £1.3 million cash.
- Fully funded until 2019.

And all for a tiny market cap of £8m.

[lgw] 15/11/2017 11:45

And don't forget recent directors buys at up to 1.8 p

[jungmana] 15/11/2017 11:39

This is well under the radar. The GGP and Zioc crew are taking notice here imo

[x54v] 15/11/2017 11:37

"#THR - Fully funded for now and the WHOLE of 2018 - there will be NO placings its shouting to me - that's real news - fundamentally a strong buy #copper #tungsten #pilbra"

[jungmana] 15/11/2017 11:36

Douglas - stop talking rubbish. Highlighting THR to GGP crew is no spamming. If you don't like it so be it.

[douglas macarthur] 15/11/2017 11:33

Careful this idiot is spamming and ramping Thr all over advfn.

he's a well know ramper scammer.



Jungmana - 15 Nov 2017 - 11:30:52 - 5128 of 5130 GREATLAND GOLD - AUSTRALIAN EXPLORER - GGP

Ot, check out the THR board
Jungmana - 15 Nov 2017 - 11:30:08 - 4656 of 4658 Zanaga Iron Ore Company - ZIOC

Ot check out the THR board
Jungmana - 15 Nov 2017 - 10:51:40 - 5111 of 5130 GREATLAND GOLD - AUSTRALIAN EXPLORER - GGP

Check out THR mining. About to go on a run with two significant news due this month.
Dyor always
Jungmana - 15 Nov 2017 - 10:50:27 - 4639 of 4658 Zanaga Iron Ore Company - ZIOC

Check out THR mining. About to go on a run with 2 significant news due within next 2 weeks.
Dyor always

[jungmana] 15/11/2017 11:28

Fully funded till 2019. Fantastic news :-)

[x54v] 15/11/2017 11:27

RNS out. Now fully funded until end of 2018. Very strong cash position.

"The money from warrant and option conversions, when added to the funds raised during the recent placing (partially conditional upon shareholder approval at the forthcoming AGM) has provided additional funds in excess of GBP1.3million in recent weeks. This, the directors believe, based on current planned activities, is sufficient to fully fund the business through the remainder of 2017 and all of 2018."

[edgein] 15/11/2017 11:18

Cool,

Yes there's well in excess of $1bn of tungsten, copper, zinc, silver etc in PM (100% owned). It was heavily drilled and explored by previous owners, THR now owns all that data that proved up 12Mt of ore. Since then THR has twinned and expanded that and now can add Good Hope to that, so I'm expecting PM in its current form to be somewhere in the region of 15-20Mt. This is in the good ole USA with a very pro mining president whom I'm sure would love to see America with an asset producing 1% of global tungsten supply. with financiers pushing for a feasibility study for PM I can see it getting funded to development quite easily. Copper and tungsten starts from surface for shallow pit development. MB even said in a recent interview that with another 5-6 years of expo PM could get 2-3 times bigger than its estimated 15 year life of mine. Therefore its of collosal size. Market doesn't realise that so we're at a mere £8m! No wonder PJ is throwing money at it and is so enthusiastic.

There are companies with far lesser assets valued far higher than these. Molyhil before it gets upgraded has a NPV some x5 our market cap. Then we have Kapunda, capable of doing 6,000tn per year, about 2,000tn for THR. That's not going to get the big companies excited but is transformation cash flow to an £8m company given the other assets here. Then we have a potential pilbara conglomerate gold asset in the pipline. Similar has sent GGP to over £50m cap, KRS/CAI are already on their way to proving significant vein hosted gold in Pilbara too and they said they may have conglomerate gold too, but haven't looked yet. So yes imo £30m cap will look cheap here when it arrives, it'll just be fascinating finding out which RNS does it, Pilbara, Molyhil DFS, PM feasibility. We'll just have to wait and see. What I've found over the years is that companies with good assets never stay under valued forever especially when the company is focusing on development. And when financiers offtake/funders are pushing for feasibility that's got to be +ve.

Regards,
Ed.

[jungmana] 15/11/2017 11:03

PM alone warrants 6p easily (£30m market cap) so 7 to 10p is very realistic imho too

[cool hand kev] 15/11/2017 11:01

7-10p Really?

[jungmana] 15/11/2017 10:54

Advfn messed up? Bid higher than ask

[edgein] 15/11/2017 10:22

Looks like it fellas, next update should propel us closer to fair value. It may take several releases to get us to 7p+ though, but you never know perhaps some of the GGP hype will rub across when we get the Pilbara licence. Anything could set these off on another run. 7-10p now looks reasonable for PM with the other bits and bobs in for free. Obviously with PM eventually funded, developed and producing its more mid cap status given the prices of Copper, tungsten and zinc right now. If those prices increase further with growth in China and EV boom THR are well positioned with the right commodities. They might even dig out that lith asset again.

Regards,
Ed.

[jungmana] 15/11/2017 10:19

Kapunda news due any day and pilbara acquisition hopefully by end of the month.

[jungmana] 15/11/2017 10:15

Are we ready for the next leg of the rerate?

[x54v] 15/11/2017 10:06

Good to see some renewed share price strength this morning.