Thor Energy Share Discussion Threads

[bsg] 14/7/2018 18:28

As the say, time will tell.

[paleje] 14/7/2018 10:49

Only small money though, Ian. I would take more comfort in him buying now as he's freed from director restrictions.

Incidentally PJ blocked me from his twitter account yesterday, I don't tweet much but occasionally make a comment, I made an observation about his departure which was retweeted but then I was blocked. That's a first for me, don't know quite what caused the offence.

Anyway it's a can of worms and needs sorting.

[bsg] 14/7/2018 07:43

Too slow for him. He'll probably want out now. Sub 1p soon I reckon.

[the deacon] 13/7/2018 19:40

Julia Maguire (@MsJuliaMaguire)Frosty Wooloomooloo runs before catching up with @HavilahRes, @BridgeStCapital, @ThorMining and @MickBilling today ?? https://t.co/1F0CoQifGEJulia Maguire (@MsJuliaMaguire)https://twitter.com/MsJuliaMaguire?s=09Emerging Companies Advocate • Executive Director @TheCapNet • Lover of Enterprise, Stocks & Style • Connecting ASX Companies with CapitalRecent tweet. THR looking to raise some funds?

[paleje] 13/7/2018 19:16

Frees him from sweet talking, he’s just tweeted looking forward to some newsflow now that reflects the value of their efforts. I think he’s been getting frustrated like the rest of us but with a Ned hat on.

Well if he’s unhappy about anything he's a substantial holder now free to express himself with other substantial holders if he wanted to and I don’t mean selling. Not saying that’s the case just pointing it out.

Let’s hope it’s newsflow (proper news) on its way.

[abrahe00] 13/7/2018 17:52

I'm not sure about the heavy selling as he'll take one hell of a hit, given that he bought a truck load at well above 3p.The rest of the rns is just your usual waffle and back slapping.With real good news, I do agree with Paleje that the price will move quickly. But, patience is wearing really thin...

[the deacon] 13/7/2018 17:31

Cue heavy selling from Johnson.. Probably..

[noirua] 13/7/2018 17:28

Looks as if Thor Mining THR are looking to cut costs all round now. Paul Johnson has immediately resigned as director. This did help RRR now considered a small conglomerate by its Chairman. Andrew Bell and Paul Johnson looked like buddies about two years ago and may get back together again, who knows:

Looks as if Thor are close to making further announcements.

[paleje] 13/7/2018 16:29

It isn't just MTR to consider here, PJ has a considerable stake too and both are privy to more than we are. If they are playing by the rules neither have been selling.

PJ has consistently and conspicuously supported MB via twitter, MTR said a few weeks back that they were happy with their investment and expected to turn a profit.

I don't think there's the slightest chance Mick will be looking to develop PM, it will be sold all or part. The prospect for a US outfit gets better as a 2nd term for Trump gets likelier imo.

MH is a puzzle, I can't for the life of me think why he has not released what he's promised or given a plain reason for it not BS. PJ is a NED he should take it up in the interest of shareholders at large, he would be thanked and respected for it.

Meanwhile this summer trade with tiny volumes is not to be relied on, the share price can move very quickly in the opposite direction on production of credible good news.

[noirua] 13/7/2018 15:16

abrahe00, at least MTR usually wait to get out at the best moment and are unlikely to sell their shares. Not known to dump them on the market and usually find a well heeled investor at the right moment. Also Metal Tiger are probably going to want to increase their interest at a low point. However, they have warrants in RRR due for conversion in August that would cost £600K. 1.6p to buy appears rather low guys.

[abrahe00] 13/7/2018 14:58

and down she goes again...

Is it too far Noirua? The prolonged delay is being interpreted as "possible bad news" at Molyhill, despite what Mick might be saying. Kapunda is already priced in, which just leaves Pilot Mountain. Given that there is no suitor for THR in sight, the only conclusion is that Thor will need to raise upwards of $40m in financing to build the production facility in Nevada.

I don't think Mick can pull it off.

Sub 1p by the end of July if nothing changes. Lets hope MTR quietly show MB the door and take charge.

AIMHO... DYOR...

[noirua] 13/7/2018 14:48

The fall in Thor appears to have gone too far, oversold. Like many stocks once the selling sets in it becomes concerted and many evacuate because they think the roof will fall in. Time to consider buying back in.

[abrahe00] 13/7/2018 08:09

Sad, hopeless, pathetic... I can think of a few more less polite adjectives to describe Mick's performance.

It's been a month since his pointless letter to shareholders and 3 months since the MH DFS was due "shortly" and yet, nothing! Incompetence at its best...

Then he complains that the market doesn't take THR seriously.

[paleje] 12/7/2018 10:44

Sad isn't it, and not many months ago MB was telling us any one of our 3 projects was worth more than the market cap which was then chasing 20m.

Last October we entered a 'commercialisation' phase. You wouldn't know it:)

[abrahe00] 11/7/2018 14:27

Profits? MB needs to learn the meaning of the word "shortly", never mind any profit!

P*ss poor management with delusions of grandeur. Can't even get a DFS out on time.

[noirua] 11/7/2018 13:13

Conversions at 0.9p are fine for some as a 66% profit awaits. Those who bought from 3p to 4.5p suffer fully but directors awards of share and options leave them at less risk of losses - happy with their investment.

Thor desperately need cash coming in from actual profits. As time cruises on the situation becomes self feeding.

[bsg] 05/7/2018 08:39

They have more skin in the game now.

[paleje] 05/7/2018 08:05

What pain? Salaries, pensions, exes still getting paid and covered well into next year along with other operating costs. What is painful, and frustrating, is the lack of credibility here and that's all down to the BoD.

There may be good reason for the delay but if so they haven't explained it well.

[bsg] 04/7/2018 19:17

I'm glad they're feeling the pain we have for many a year. Low share price and getting lower. It will be very interesting what the next placing price will be. If it's at its normal deep discounted price.

[owenga] 04/7/2018 16:52

New report and shares drop another 10%. All seems too desperate. Why are they in such a rush to see price move up if they are comfortable with the assets they have. Does make you wonder if they need to pump the price up before doing a fund raise to progress the projects?

[abrahe00] 04/7/2018 14:21

This company should stop issuing any news or updates! Every time they do, the share price nosedives! We need a JV with a major, nothing else will do. Mick can't go it alone, the market knows it and he knows it too...

[knowing] 04/7/2018 14:18

Deacon no way they would be able to do that after the letter to shareholders IMO

[abrahe00] 04/7/2018 10:14

Some snippets:

Thor Mining’s interesting project pipeline beyond Molyhil is value accretive and is not reflected in our risked valuation or the current price..

Our base case risked DCF-based valuation of 7.3p per share (9.8p unrisked) is based solely on Molyhil and represents as a base case 335% upside from current levels (445% Unrisked).