Thor Energy Share Discussion Threads

[abrahe00] 19/3/2018 07:10

More great news re Kapunda. Let's see how the market reacts this time...

[nickjevans] 16/3/2018 16:33

Double bottom forming. ;-)

[lenses] 16/3/2018 11:54

Write up:

"Thor Mining Shares Up As US Passes Favourable Act For Critical Metals
By Alliance | Fri, 16th March 2018 - 10:53
LONDON (Alliance News) - Shares in Thor Mining PLC rose on Friday as the US government passed the National Strategic and Critical minerals Production Act, a step in potentially accelerating the permitting of critical metals projects in the US.

Shares in the miner were trading 16% at 2.62 pence in morning trade.

In February 2018, the US Department of the Interior listed tungsten as part of the commodities considered critical to the country.

Thor Mining currently owns 100% of the Pilot Mountain Tungsten project located in the US state of Nevada. In May, the company delineated an indicated and inferred resource of 32,720 tonnes of tungsten trioxide, 192 tonnes of sliver and 14,300 tonnes of copper.

Thor Mining also said that it will not proceed with the acquisition of the Western Shaw Project located in Australia.

"The board have decided, on the basis of the due diligence undertaken to date, and given the need to focus our resources on our three key projects [Pilot Mountain, Kapunda and Molyhil] which the board consider are capable of delivering considerable near term upside, that we will not proceed with Western Shaw at this time," the company said.

"In December 2017, just three months ago, we signalled significant project milestones for our core tungsten and copper projects, including the Molyhil Open Cut Ore Reserve, and the Kapunda Copper mineral resource estimate," said Executive Chairman Mick Billing.

"We could not however, accurately predict the positive events outside of our control, including the continuing strengthening of the tungsten price, and now this US initiative to streamline and accelerate regulatory approvals of mining developments for critical minerals in the USA. That said, now we must react to those positive developments in an appropriately commercial manner, and with a sense of urgency," Billing added.

By Dayo Laniyan; [e-mail]

Copyright 2018 Alliance News Limited. All Rights Reserved."

=================================

Naysayers having to turn and run? Haha:

hxxp://www.cohencramerpi.co.uk/wp-content/uploads/2010/05/dogbite.jpg

L.

[ianbag] 16/3/2018 11:46

Where are you today Chris? Therapy probably.

[jarega85] 16/3/2018 11:43

Completely agree VISH. A marked improvement

[vish65] 16/3/2018 11:33

Whoever is writing their RNS's now is really going to town on them . But they do show a good focus on shareholder value now which has been lacking in the past. All looking good.

[edgein] 16/3/2018 11:24

Pale,

Very ture, Molyhil deal would be a major bonus to the enormous pilot mountain ($1.2-1.4bn contained metal). With Mick talking about $100/Mtu in costs for MH then its quite possible he'll come away with a deal from the Japanese or Koreans. I think there was some Japanese or Chinese interest in MH in the past, good to see there's current interest. The news from US is very promising, hopefully some of the large US funds will cast their eye over the upgraded PM and its feasibility. We still need to get more of those discoveries there into the JORC. I guess the 8 further shallow holes later in the year on Good Hope will move that one into the JORC. Well warrant holders can only have a limited influence on the share price, with focus on MH and PM development they'll soon be replaced by firmer investors. WRES is a good example, easy to buy at 0.3p, noone interested. Now that they've secured the funding they're holding firm at 0.6p. With the scale and quality of all our assets its only a matter of time before some of those get reflected in the price. JV or sale of one asset could be a starter. I'd be in favour of selling MH and JV on PM, although a JV on both would be fine too.

Regards,
Ed.

[jimmyhoffa262] 16/3/2018 10:32

This dog needs to die

[paleje] 16/3/2018 09:55

Gotta happen Ed. Bit of media coverage next week, followed by Japan/Korea visit with interested parties then Molihil update around or just after Easter.

Should give those warrant holders the exit they've been after. Or maybe they'll change their minds:)

[edgein] 16/3/2018 09:47

Great news, anything that speeds up the development of PM has to be a good thing. THR has the prime tungsten asset in the USA. This should encourage those financiers that have been pushing for the feasibility study even more now that the US wants to aid in tungsten development. Perhaps they'll line up financing like WRES did with that US strategic fund. Mick should get on the blower to them. Perhaps the market will start to price in one of our assets at some stage.

Regards,
Ed.

[jarega85] 16/3/2018 09:45

Aaaannnndddd everyone starts piling in again

[edgein] 15/3/2018 13:02

Pale,

Seems to be.

Regards,
Ed.

[paleje] 15/3/2018 11:03

Don't forget questions if anyone has any for Mick Billing, tweet them to Andrew Scott and he'll put them to Mick next Tuesday for proactive video. I shall send some over the weekend.

#THR @ThorMining @MickBilling Mick Billing in the studio with me next Tuesday (20th) - tweet me your questions between now and then should you have any ... happy to include as part of an extended discussion

[the stigologist] 15/3/2018 10:52

The person who started that account no longer posts. You can make of that what you will

[paleje] 15/3/2018 10:43

LOL Ed, so that's why 'Chris' name is used in some posts. I'm enlightened..and amused

[the stigologist] 15/3/2018 09:16

No the warrants were 0p

[casket1] 15/3/2018 08:45

1.2p warrants issue actually

[the stigologist] 15/3/2018 07:40

1.2p share issue

[paleje] 14/3/2018 15:51

Stig applying tech analysis to illiquid small caps is nonsense, they are news driven. Not exactly like trading forex is it so stop grubbing around for imaginary portents.

Warrant selling and maybe someone unloading and not many buyers because it's a nervous market needing constant reassurance. That's all and it will change when management get the right news out. I don't think your 'double top' can influence that.

[the stigologist] 14/3/2018 14:30

Anyone think it's a double top yet ?

If so the target is 1p

[vish65] 14/3/2018 12:55

13-Mar-18
16:22:04
2.275
2,000,000
Buy*
2.00
2.50
45.50k

Delayed 2m buy from yesterday (?). Well I hope so anyway !

[paleje] 14/3/2018 09:53

2.06/2.3p bid/offer.

As they say in those old action movies when the enemy are charging ...Hold...Hold....Hold ....

Don't get mugged. Any one of 3 individual projects worth considerably more than current mcap. Collectively several x more. Just needs Mick to get jv's sorted. No pressure Mick.

[the stigologist] 14/3/2018 09:20

lolz

Edgein - 28 Feb 2018 - 14:00:35 - 4371 of 4445 Thor Mining one to watch - THR

Thanks stiggy I've edited my post, cheers for the proof reading little fella, what would we ever do without you. Still got your PJ fetish? You wouldn't be the woman outta misery by any chance would you? You his number 1 fan? :)

Regards,
Ed.