Thor Energy Share Discussion Threads

[ssrover] 19/2/2018 11:48

there is a seller here for sure imo..

MATD seems a better bet short term. 20-30p- Seems likely short term at MATD given the prospect there and how long its taken to get to this HUGE spud

[telbap] 19/2/2018 11:37

Abrehe.......the warrents seem endless.....i hope we will se the end of any selling from them this month otherwise any buying pressure will be met if holders willing to sell at many multiples of their conversion cost.

[cudmore] 19/2/2018 10:49

1 trade on VAL. Big news due on a tie up with one of the big Pharmas. These will rocket on the news. Just saying!

[cudmore] 19/2/2018 08:33

The lull before the storm!!

[noirua] 17/2/2018 13:31

The market may well have been hoping for close to 0.3% copper from Kapunda or even beating that. O.25% will workout well but another 20% copper returns much better as 0.29% is returned nearby. PJ should be more realistic and no doubt holding a considerable position makes him want to bang the drum, very many drums.

MTR is also backing the company and hopes to come in on a project at some stage - good news, though Metal Tiger are known to flip stock when they see a very good profit. Watch MTR is the order of play.

[geko5trade] 16/2/2018 12:57

Yes I didn't know he'd put in over 250K. That is quite a vote of confidence.

[cudmore] 16/2/2018 12:08

10p coming......it’;s a no brainer!!!

[cudmore] 16/2/2018 12:07

Stig

Did you miss the boat back in October when these were below 1p? You sound a very bitter individual. Surely you’ve got on board on the drops over the past week???

[lgw] 16/2/2018 10:30

Stig please take your infatuation somewhere else.

[telbap] 15/2/2018 17:39

Why is this BB constantly spammed with other miners.....oh yeah, cos there are a lot sensible traders and investors here........stig excluded or course.

[vish65] 15/2/2018 16:46

target='window'>https://www.youtube.com/watch?v=oeGGxoUOXvY

Excellent video's on ISR at Excelsior Miing

[paleje] 15/2/2018 16:39

noirua,

sorry got my AB companies mixed up, it was RGM I meant not RRR.

Stig, what am I looking for does it do tricks? At this level in small caps I'd rather rely on fundamentals and growing good news. Allow for a bit of manipulation yes but then back on course. Have you even looked at the facts yourself, I doubt it you might buy a few if you had.

[the stigologist] 15/2/2018 16:07

what the carnage ?

look at that double top

[paleje] 15/2/2018 15:15

Run along Stig. It's hardly started.

[paleje] 15/2/2018 14:20

Lol, the last bit better class of ramper here, of course, we've got the maestro.

Seriously though with RRR I met AB about 18 months ago at a Sharetalk presentation and he's a lovely engaging chap and I was taken in by the Rosa project for a while but I didn't stay long...too many unverifiable deals you don't know where you are, good luck if you're in there. (RRR had the maestro too in fact he was at the same meeting, not sure if he's still in there).

[noirua] 15/2/2018 14:05

The market cap of Thor at just under £20 million at 3.125p a share is something to look at for an explorer. Is it too high? - though MTR would not pay 3.61p if their homework showed this to be so. On the other hand they sold their stock in RRR at 0.7p and the shares have traded much higher ever since.
Comparing RRR to THR is not straight forward by any means. RRR market cap at £4.5m is far lower and cash is pouring into the company worth several times the market cap. However, reputation is much higher historically at Thor than Red Rock and that matters a great deal.
On price rise during 2017/2018 Thor are up about 400% and RRR only 125%. Both have Twitter pumpers galore though Thor probably has higher quality guys pumping away. Make of that what you will - lol

[denjon] 15/2/2018 14:01

paleje - excellent balanced item; very readable and positive for investors. Patience will bring us rewards!

[paleje] 15/2/2018 13:50

I know most of us LTH's already know this but a nice easy read for newcomers:-

Thor Mining battered by Kapunda resource estimate, but low grades suit leaching project down to the ground THR
by ValueTheMarkets • February 15, 2018

The old adage ‘buy the rumour, sell the news’ claimed Thor Mining (LSE:THR) as another victim this week, with the resources firm taking a drubbing on AIM after announcing an inferred resource estimate at its Kapunda copper project. In its update, Thor reported that the South Australian project, in which it holds a 45pc interest, is estimated to contain 119,000 tonnes of copper within an inferred resource estimate of 46.4m tonnes grading 0.25pc copper.

Thor’s new resource only covers the part of the Kapunda deposit that is considered amenable to in situ recovery – its top 100 metres which hosts copper species that are readily leachable.

The company said the estimated copper contained at the resource is ‘well above expectations’ of around 45,000 tonnes. It added that the metal can be recovered relatively cheaply due to the low cost of leaching and said that only a modest amount of infill drilling will be required to upgrade the resource to measured or indicated status.

Although Thor’s share price has now partially recovered to 3.1p, the news triggered a large sell-off when the estimate was released on Monday, and shares fell from 4.1p to 2.9p. It is possible that this drop was down to fears that, at just 0.25pc, the ore grade that had been discovered was negligible.

But it is worth pointing out once again that this is a leaching project. This cheaper method has always been best suited to low-grade ore, which could not economically be sent through the alternative, highly expensive milling process. Indeed, similar in situ recovery projects around the world can be seen to also have low copper grading.

For example two in situ projects operated by BHP Billiton (LSE:BLT) – a much larger firm than Thor – use resources graded between just 0.3pc and 0.5pc and have been in production for more than a decade.

In today’s booming copper market, where prices are being driven by troubling supply/demand dynamics, there appears to be no reason why Thor cannot make its resource base work at a grade of 0.25pc.

With copper prices currently sitting around $7,000 a tonne – a figure which Goldman Sachs expects to rise above $8,000 by 2022 as supply continues to fall and growth swells – the initial resource at Kapunda could be worth a notional £833m. Thor’s 45pc stake of this would be worth £367m. Even with production costs, this amount towers over Thor’s current market cap of just £15.5m.

Furthermore, in return for its stake in Kapunda, Thor only has to invest a maximum of $1.8m over three years (at least $300,000 in each of the years) via convertible loan notes.

If Kapunda’s estimated copper resource is fully recovered, then this could turn out to be a very good deal, which opens up a significant revenue stream for Thor.

As executive chairman Mick Billing puts it: ‘Thor is uniquely placed with a right to earn into an effective 45% interest in this strategically significant project, just at a time when new copper opportunities are being sought in safe jurisdictions.’;

Bigger picture

Another point to remember is that Kapunda is just one of Thor’s projects. It has further interests at sites spread across the US and Australia. For example, it the sole owner of the Pilot Mountain site in Nevada, which has a whopping inferred indicated resource of 11.7mt of tungsten trioxide (another heavily ‘in vogue’ metal), copper and silver. It also owns the Molyhil site in Northern Australia, which is estimated to contain tungsten reserves worth around $300m and molybdenum valued at $170m.

As we reported last month, publicly available assessments of Thor’s value suggest it already controls at least $1.8bn worth of metals. With the firm claiming in November that it is fully funded until 2019, following heavy investment from Metal Tiger (LSE:MTR) and a $1.3m placing in October, these resources should not be sniffed at.

[the stigologist] 14/2/2018 14:02

Looks like Paul Johnson has got something to hide.

Do you not like Free Speech Paul ?

[vish65] 14/2/2018 13:51

hxxp://www.corelondon.tv/mick-billing-thor-mining-discusses-latest-kapunda-copper-project/

new interview.

The headline was writtem by a market maker taking the proverbial ):)