Thor Energy Share Discussion Threads

[guyswonga74] 11/2/2018 23:38

0.8 billion dollars inferred copper. Wow. What a monster

[britstox] 11/2/2018 23:29

119,000 tonnes of copper found in #thr RNS out in Australia just now! Feels like Christmas again...

[babbler] 09/2/2018 20:27

Nah. I bought earlier today. Just know my luck lmao.

[jarega85] 09/2/2018 19:33

Doom and gloom you mate!

[babbler] 09/2/2018 18:14

Not necessarily. Could be an announcement saying there is a delay or an extension to the suspension...

[bootie64] 09/2/2018 16:57

From Morning Star

"Thor said the trading halt will be lifted either next Monday or when an announcement is made, whichever earliest."

So the trading halt will now be lifted on Monday and if there is no announcement from Terramin Australia Limited between now and Monday a further announcement from Thor Mining will be made at that time?

[babbler] 09/2/2018 16:56

It's possible

[60000 muppets] 09/2/2018 16:44

"Unless ASX decides otherwise, the securities will remain in Trading Halt Session State until the earlier of the commencement of normal trading on Monday, 12 February 2018 or when the announcement is released to the market"

Surely that means there should be an announcement today, given that asx are ahead of us ?

[vish65] 09/2/2018 16:32

If you check out Thr, Mtr, Metal NRG, GGP and some of the 'Twitter brigade ' you'll find lots of interesting cross overs and connections.

[jarega85] 09/2/2018 16:29

Are they actually sells though...

[denjon] 09/2/2018 16:27

Little flurry of panic sellers arriving as the day ends....hope they will have reason to regret that on Monday!

[ali_b] 09/2/2018 16:19

I maybe sceptical in my old age but with mtr owning now 11perc I’d have strong thinking they’ve already an idea what the announcement will be and hence the reason for buying continuous stakes, it maybe insider info but we’re all too long in the tooth to realise it still dosent go on... staying long my position

[denjon] 09/2/2018 16:03

The odds on being good or bad news are 50%; can't be fairer than that!

[jarega85] 09/2/2018 15:53

Babbler, I have been questioning myself as to whether there is a lie in there, but struggle as to what that could be.MTR are heavily buying, BOD has been extremely positive. The RNS itself states a 'larger' deposit to be reported.Reading between the lines, is it possible that the estimate copper deposits are lower but we've got lots of other worthless minerals!? Crazy but that was my only thought and downside to this current position

[cudmore] 09/2/2018 15:34

Indeed. Those selling today have got to be desperate for some funds or clearly haven’t the sense to realise what is happening here. In reality the share price could be x 10 to today’s share price if the news is that big.

[babbler] 09/2/2018 15:32

Brought some earlier in preparation for the RNs. Unless they have been lying to the investors this should be good news

[jarega85] 09/2/2018 15:17

Very true Cudmore!ASX in a trading halt and RNS says itself that the the estimates are larger than originally reported.We also have a very excited BOD in addition to MTR continuously buying along with the warrants activity.The question in my opinion is how high the share price will go, not whether it will go up or down.

[cudmore] 09/2/2018 15:09

Topped up this afternoon. Can’t see there being any conclusion here other than a positive one on Monday when the company will make an announcement. You’ll find it impossible to get any when the RNS drops which could be any time on Monday. To avoid missing the boat it’s a no brainer getting in before close today. GLA and roll on Monday 😄

[cf456] 09/2/2018 14:19

"Glad I have exposure to both - win/win and when you consider #MTR have bought #THR at 3.61 average on the open market it's a no brainer to think they weren't after less than x3 x4 ROI plus the possibility of JV's on 'other' opportunities"

[geko5trade] 09/2/2018 14:06

Don't know about that but MTR have clearly signalled that they believe these to be undervalued and expect them to go very significantly higher in the short to medium term. Now that I see a technical support line at 3.5 I'm not going to bet against them.

[jarega85] 09/2/2018 12:18

Ok, I am calling it. We will finish at 5.25p today.News will come at the close ahead of ASX trading Monday morning.That is my guess

[denjon] 09/2/2018 10:35

13th September 2017
Mr Mick Billing, Executive Chairman of Thor:

"We are very excited about this copper opportunity at Kapunda. We are fortunate that there is no requirement for exploration drilling in the hope of finding economic mineralisation - that work has been done, and the mineralisation is well known.

"The global copper environment has improved considerably in recent months and there is an understandable expectation that with the increasing demand for copper, the forward market pricing dynamics remain favourable."

"We note from investor feedback that there is a real desire by the market for new and exciting copper investment opportunities, and with Kapunda Copper, Thor now has a project interest that falls squarely into copper space, alongside our extensive tungsten portfolio.End of extract.

So I'm hoping the news due on Monday will support the recent uplift in the sp; provide a solid base for consolidation and even give the share price a further boost. Hope the share hasn't risen too far to soon. Chart looks a bit dizzy just now and no doubt, as usual, plenty of short term traders are waiting to exit with a decent profit. Could be plenty of shares being bought/sold this afternoon being Friday.Dow's fall yesterday seems to have dampened down market activity today as investors agonise over long term trends.

[lgw] 09/2/2018 10:22

Strictly speaking the announcement could come any time. Or not at all."The trading halt on the ASX is expected to be lifted at the earlier of an announcement to the market or at commencement of trading on the ASX on 12 February 2018 and a further announcement will be made at that time."

[noirua] 09/2/2018 10:03

THR shares are in 'Trading Halt' not suspension. This will last two days. If there is no announcement within two days the shares would then be suspended. However, they are reinstated once the announcement is made.

Trading Halts are very common in Australia when a voluntary request is made on fund raising or an announcement that could significantly affect the share price - up or down.