Thor Energy Share Discussion Threads

[cf456] 23/1/2018 19:56

"Have to say I am delighted that #THR has been able to attract further #MTR support at a key time in both companies’ advancement."

[paleje] 23/1/2018 18:59

Excellent news today, kills the idea being put around a week ago that MTR were selling, quite the opposite and some of today's sells could well be traders who took advantage around 2p and saw a quick profit.

Cash welcome, strengthens Mick's hand in negotiations, adds contacts and possibilities MTR have proved themselves active and shrewd investors. I think things will move faster.

Also bears out what Mick and PJ have been saying since last year, THR hugely undervalued. I know many on here believe that too but there are also plenty who don't.
Nice move.

[lgw] 23/1/2018 15:50

"Thor Mining PLC (LON:THR) and Metal Tiger Plc (LON:MTR) are teaming up, with the latter providing an initial £300,000 injection of capital.Metal Tiger is subscribing for 10mln new Thor shares, priced at 3p each, and it is also receiving share warrants that can be exercised to increase its stake further at a price of 5p per additional share.On top of that, Metal Tiger will have the right of first refusal to participate in any joint venture, acquisition or similar transaction undertaken by Thor.The cash injection will support the advancement of Thor's key projects - Molyhil, Pilot Mountain and Kapunda Copper."I look forward to working with Metal Tiger plc and assessing a number of opportunities across our current operational portfolio where there may be potential for collaborative transactions between our companies," said Mick Billing, Thor Mining executive chairman."The 90 day first right of refusal period allows us the opportunity to explore opportunities with a degree of commitment and engagement from both companies."Meanwhile, Metal Tiger chief executive Michael McNeilly added: "Metal Tiger is a financially robust and proactive natural resource investing business looking for new opportunities to deploy capital into companies and projects with considerable upside potential. We are delighted to increase our position through this strategic financing.""We consider the size, potential and scalability of Thor's key projects to be of significant interest and that the current valuation placed on Thor offers considerable upside potential for investors."We look forward to working with Thor to assess commercialisation opportunities."

[lgw] 23/1/2018 15:34

Fabulous rns and we are still under the radar.Kapunda update imminent also.

[geko5trade] 23/1/2018 15:23

Looks like the market not over excited by the announcement or could just be the dampening effect of a consistent seller that seems to appear on every rally.

[edgein] 23/1/2018 13:45

Very good news, signals the intent of the board and MTR and highlights the value of THR and its assets. Hopefully get the other two discoveries added into the PM JORC after the recent drilling. PM is a good enough asset to see THR to mid cap, just need the right JV and funding agreement to get them there through production. With the 14p share price target suggested in this RNS seems like other think so too. That would mean all outstanding warrants and most likely all options would be converted, but quite achievable on PM alone regardless of MH, Kapunda etc. But they're interesting additions in their own right.

Tungsten is showing continued strength too:



Regards,
Ed.

[jarega85] 23/1/2018 13:21

It is more about the confidence level by Thor that they believe it will achieve these heights in my view. You are right that it does not mean the share price will reach 14p but the BOD are confident!Why go to the trouble of including it into the agreement?Onwards and upwards and looking forward to the next RNS.

[tyranosaurus] 23/1/2018 13:17

This does not mean that the share price will go to 14p.

I can`t see the big deal in raising £300k which they say is not needed short term.

[vish65] 23/1/2018 13:11

Think they are playing a shrewd game by creating a position of financial strength by using business/personal connections and related parties .Its almost an inner circle that shuts out the open market to a greater degree and curbs opportunist shorters and raiders who are not aligned with company.

[orchestralis] 23/1/2018 13:01

Lets see if pj buys some more.

[orchestralis] 23/1/2018 12:53

14p would be 80 million mcap

[cf456] 23/1/2018 12:39

MTR pretty shrewd operators. Look at their timing selling GGP after multi-bagging it for instance. Completed their exit on 24th October last year, right at the highs.

[jarega85] 23/1/2018 12:21

Wow! Some confidence there that the share price will reach 14p!!

[abrahe00] 23/1/2018 12:14

From MTR's equivalent RNS:

"We consider the size, potential and scalability of Thor's key projects to be of significant interest and that the current valuation placed on Thor offers considerable upside potential for investors."

[abrahe00] 23/1/2018 12:09

What a coincidence that PJ increased his holding recently... I'm not suggesting any impropriety, it's just that he used to be CEO of MTR...

Hmmm.... ;o)

[orchestralis] 23/1/2018 12:02

Interesting

[orchestralis] 23/1/2018 12:01

 Metal Tiger, reflective of the premium price paid for Thor stock, will receive a 90 day first right of refusal to participate in any new joint venture, acquisition or similar transaction undertaken by Thor Mining during the period;-- The first right of refusal shall not automatically include any current discussions or negotiations with third parties in relation to existing Thor projects held or projects already under review, however Thor may extend an invitation to Metal Tiger to participate should this be considered appropriate to all parties.

[vish65] 23/1/2018 12:00

I like the way they wrote 14 (fourteen) pence.... not a typo then. :)

[abrahe00] 23/1/2018 12:00

"- Should the share price of Thor exceed a 14 (fourteen) pence volume weighted average price for five consecutive business days, Thor may, at its sole volition, seek accelerated conversion of the warrants secured by Metal Tiger;"

MTR must have some serious faith in THR! 14p within a couple of years...

Let's see what the Kapunda results are. This could be 4p very soon... AIMHO.

[rivet] 23/1/2018 12:00

12 inches :)

[vish65] 23/1/2018 11:53

wow a stunning rns

something afoot.

[zodiac266] 23/1/2018 11:49

3.5 on its way.....

[lgw] 23/1/2018 10:30

Some large buys going through this morning.

[nickjevans] 22/1/2018 12:09

Is that inverse Head and Shoulders on the monthly chart predicting an immanent rise to 3.5p I wonder?