Thor Energy Share Discussion Threads

[paleje] 24/8/2018 14:39

Yeah the 'potential' he was referring to was for Moly, with Bonya and underground, Ed.

He didn't take the other 2 into account at all. PM is massive I know, and Kapunda could work out better than originally thought and provide more opportunities too. Overall I'm more than happy with the assets but a bit underwhelmed with management.

Incidentally seen you mention KOD a couple of times I wish I'd bought there a few months back, I take it you're in, probably too late for me now.

[edgein] 24/8/2018 14:11

Pale,

That about sums it up, however PM isn't just potential though its been heavily drilled over several decades, has a JORC which really needs updated and is approaching scoping study results. That's a hell of a lot more substance than "potential". Market loves to chase hype though and often gets burnt as a result (BPC classic example). I have a core holding in THR remaining and at this price its more on my shopping list than on my selling list. Not gonna add imminently as there's other fish to fry right now, but its a compelling buy and a lot more than just potential. Mick's getting a lot of flack but then when I think about it I cannot remember one company that completed a ss or DFS bang on their estimated time. KOD for example has a JORC that's about 15 months overdue etc.

Regards,
Ed.

[paleje] 24/8/2018 10:34

Perfect timing, he must have been reading the boards:)

@pauljohnson9691
54m54 minutes ago
"Holding approx 35m shares in #THR @ThorMining and waiting for a proper valuation 😀 imo one of the best opportunities I have invested in."

I've got a valuation for you Paul, well a part one......

Talking with an Aussie investor lat night, one who's observed MB for a long time, I won't bother with the expletives and stuff but, objectively, he reckoned THR is at fair value now based on just Molyhil. That's after using a 10% discount NPV figure (AUD77m)....NOT the 5% which Mick used.... and then slashing it further to allow for cost of capital, slippage, unforeseens and the Billing factor, as he put it.

He reckoned ~AUD30m which would be about £17m, my own figure would be a bit less. But anyway, with our mcap at £13m it seems underpinned with good potential upside...however as pi's we don't want to pay for 'potential'.

That's just for Molyhil. He didn't try to value PM or Kapunda.

[ianbag] 24/8/2018 08:58

He hasn’t sold a single share had 35m and is adding so TT2 you are blatantly deramping

[telbap] 24/8/2018 07:30

Not that they had much choose really... luck and timing, my stepdad always says, a great business is always about 40% luck, 40% timing and 20% skill.

[telbap] 24/8/2018 07:28

Just re iterating he is not selling/sold. Terrible reaction to reasonable news, it is silly season, August is not the month to put out such news.

[turbotrader2] 23/8/2018 20:13

Has Paul Johnson sold yet?He will have

[paleje] 23/8/2018 16:21

I'd like to think it Ed, but PJ makes statements like that often, over many stocks, and the purchases turn out to be paltry by comparison to his holdings....window dressing to create an impression. Like when directors make pocket money purchases.

Excuse my cynicism, it will pass when stronger news arrives. And when I've forgotten about Mick's little jiggling with numbers trick. Creating an impression.

[edgein] 23/8/2018 15:59

Pale,

Surely it is what it says, if the fella is still adding that is building a position.

Regards,
Ed.

[paleje] 23/8/2018 15:53

Well somebody's confident in him:)‏

@pauljohnson9691
39m39 minutes ago
More
Added to #THR position, market dysfunctional & trying to take folks stock away from them. I am building position.

Funny thing is Paul, we thought you already had a position, a pretty decent one with shedloads of options too, so what do you mean by building position

[jarega85] 23/8/2018 15:34

He doesnt really feel me with Confidence! He is in consistent in my view too!

[paleje] 23/8/2018 12:40

Mick interview with proactive today:-

[edgein] 23/8/2018 11:47

5chipper,

Yes there's an enormous amount of nitpicking going on.

Regards,
Ed.

[5chipper] 23/8/2018 11:37

Love the optimism

[paleje] 23/8/2018 11:15

Tight spread now and its easy to sell online 196/207, won't surprise me if we end the day blue, there are historical patterns - rns news, share price dithers then drops, Mick get wheeled out, share price climbs as people 'see the light':)

This isn't advice but there are some who love this share for the way it behaves and are probably amongst the buyers this morning. News to come plus interviews and presentations.

Northland view -

[vish65] 23/8/2018 10:44

Yeah i was also looking for a 'like for like' or what the actual upgrade was from previous. Seems they've tried to push it over the psychological 100m by flexing the discount factor. Not impresssed.


Numbers are still good but thats all they are. Numbers on a bit of paper. Market wont react until theres cash on the table.

When the previous dfs was issued nothing came of it for a number of reasons. No reason why it couldn't happen again if world events change

The wait continues with Thor.

[paleje] 23/8/2018 10:36

Re twitter - yes abrahe00, PJ is trying to talk it up and apparently Mick has recorded an interview with proactive, just waiting for clearance and release.

I truly can't see PJ or MTR being happy with this sort of performance though, and in fact saying so openly got me locked out from PJ's twitter account shortly after he left THR. I'm still locked out, have to read it through another account, childish.

[sleveen] 23/8/2018 10:15

When tricks like that are done to fool investors, should anyone be invested in THR?

Well done paleje.


Most investment info suggest a minimum of an 8% discounted NPV, with 10% discount being more realistic.

[abrahe00] 23/8/2018 10:10

Good spot Paleje... Even more evidence of Mick's amateurish leadership of this company.The man's an imbacile... The least he could do was quote a like for like comparison.I'd like to know PJ's and MTR's reactions to today's rns... Anyone with Twitter access?TIA

[daar] 23/8/2018 10:09

POS of a share

[paleje] 23/8/2018 09:43

I agree with you abrahe00, Mick is the weak link. The link needs fixing.

Also I only just noticed the reason for the astonishingly good apparent NPV jump from 2015, it's because it uses 5% discount for the headline instead of the previous 8%. Admittedly they qualify that 10% would give A$77m NPV which is still good but it's the way they present it. Tacky.

[the deacon] 23/8/2018 09:41

Exactly why the AIM listing should not be allowed to continue to trade, whilst the ASX listing was suspended. Always wad going to spike and then drip like a stone when people bailed on news. ASX rules make much more sense

[mshilos] 23/8/2018 09:30

BROKER FORECAST : back to 1.5 p or below, before financing. DYOR

[abrahe00] 23/8/2018 09:13

Also, very disappointing that there is no updated research note from our brokers to accompany the updated DFS... Particularly as Mick saw fit to appoint a second broker for no apparent reason a few weeks ago...

[mostro] 23/8/2018 09:01

Damp Squib about sums this up!