Thor Energy Share Discussion Threads

[cf456] 30/11/2018 08:01

Metal Tiger hold MORE shares than they did in their last holdings RNS.

22nd Feb
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77.6 million shares, 12.02%, total shares in issue = 645,641,532


30th Nov
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80.1 million shares, 11.68%, total shares in issue = 685,696,593

[jarega85] 30/11/2018 07:05

Is that MTR reducing their position? Lost faith?Glad I sold some time back. I missed the highs but left with a small profit.Good luck all

[bsg] 29/11/2018 17:54

Waiting for 1.5p

[bmnsa] 29/11/2018 16:32

Just as well l held back, guessed there would be a retrace there usually is.

[paleje] 29/11/2018 15:37

Mining Maven date that script (from MB) 29 Nov, ie today, and state:-

'...support from strategic investor Metal Tiger (LSE:MTR), which now owns a 10.3pc stake in the company after investing £300,000 at 2.5p a share in January...'

But per RNS yesterday:-

'...Following Admission, Metal Tiger will be interested in 80,100,000 Thor Shares, representing approximately 11.7 per cent. of Thor's issued share capital as enlarged by the above issue of Ordinary Shares...'

It's just copy/paste stuff they couldn't even be bothered to update the correct MTR holding percentage. Seen that before in their RNS's and also some of the 'broker' research they issued earlier this year.

[paleje] 29/11/2018 09:59

MTR share price got trashed instead:) I shouldn't smile, I hold them.

[edgein] 29/11/2018 08:53

Abra,

THR came out of it relatively unscathed, EUA had similar during the summer with about £400k warrants exercised, only after that the company lost about 33-50% of its value or around that in about two trading days or about £6m wiped off the cap for a small warrant exercise. Thankfully the same hasn't happened here, count yourself lucky.

Regards,
Ed.

[abrahe00] 29/11/2018 08:46

MTR convert their THR warrants and their share price drops 10%.You couldn't make this up...

[paleje] 28/11/2018 14:48

His tweet also says our time has come. Not according to the sp, mate.

[cf456] 28/11/2018 12:57

His tweet says not everyone can fit into the picture.

There are another 1257 people off screen to the right.

[5chipper] 28/11/2018 12:11

Extremely busy!?

I count 13 people...

[paleje] 27/11/2018 14:46

More competition then. But the good thing, he sees viability in the tungsten market.

Argent should give him a call in case it doesn't go through:)

[vish65] 27/11/2018 13:16

hxxps://www.plymouthherald.co.uk/news/business/billionaire-russian-oligarch-bids-buy-2262900


Wolf minerals

[bmnsa] 27/11/2018 09:34

Buyers will come once the froth has gone

[cf456] 27/11/2018 08:28

- Financed well into 2019
- Warrant exercise underway with potential of circa £500,000 additional finance incoming

[abrahe00] 27/11/2018 08:17

Shame the presenter didn't ask anything re cash position. Even with the warrants being converted, I think they'll need to raise some funds before the Molyhil financing is in place.

[paleje] 26/11/2018 19:11

It’s a valid point, Geko, those of us who were moaning and saying 'if Mick can’t do it get someone who can' shouldn’t be so grudging or focusing only on the bad bits. It’s hard to admit you’re not making enough progress with something and bringing in others to do it so fair play to Mick.

I still want to see deal terms though before getting too excited, we’re in bear market and probably going deeper next Year and deal makers know that.

[geko5trade] 26/11/2018 17:56

And that seems to be supported be a notable increase in volume! We'll see.

[geko5trade] 26/11/2018 16:13

Well at least they do appear to be addressing the weakness, or what appears to be the weakness, in MB's management. So I think the chances of moving forward have probably been improved.

[vish65] 26/11/2018 15:38

His reaction to Molyhill finance " so Mick, couldn't you do it yourself ? " 😁,😁 lol.

I see things also slipping . Drilling after xmas , is now mid Feb. Molyhill finance before xmas to after xmas is now Q1. And possibly we have a 8% dilution this week to look forward to. No PM drilling at Garnet or DS, What are they actually doing at Kapunda?

Great assets but 'spin' and litle substance IMV

[paleje] 26/11/2018 14:56

Interesting cf456, thanks. Don't see how he gets ~A$10m adding to NPV from that copper but then he was optimistic with the NPV imo. Admittedly Moly is looking stronger.

Nonetheless that's a decent interview and first time I've heard him admit what many of us already thought that he wasn't experienced at the level of negotiation required to get a good deal for Moly. So Q1 hopefully but of course...he's distanced himself a bit from that now so it's easier to come up with reasons if it slips.

Well tweeters keep tweeting please and buyers keep buying.

[cf456] 26/11/2018 13:55

"We paid $1/2m Aussie to get hold of this tenement looking for the tungsten.

And with this copper deposit I guess we've added the best part of $10m dollars onto the NPV without getting to the main game for Bonya just yet."

- from 1:36