Thor Energy Share Discussion Threads

[vish65] 11/12/2018 19:26

Not a single buy today . Around 1.0 to 1.2p certainly a possibly . It should stop the warrants being dumped atleast.

605m shares this time last year now 717m. . Nice 20% dilution . And plenty more to come from warrants and possible issues for acquisitions and MH finance

Mr Johnson's 10p is now 8p . Thats a market cap of £56m .ORM and WRES around £30m with a new plant built and starting to produce.. He really ought to do another '2019 is going to be fantastic ' video for Proactive. On second thoughts please dont.


(I dont think ive ever seen a post by BSG that doesnt refer to a discounted placing . Needle must have a bit of dust on it.)

[bsg] 11/12/2018 19:06

I think < 1p easy here. With placing at maybe 0.8p early next year.

[abrahe00] 11/12/2018 07:18

That's an ever more realistic outcome with THR in my view. With things delayed into Q2 and cash beginning to run out at the end of Q1, they'll need funds to keep going.

I've sold out for now but will look at buying back in around February, when these should be in the 1.1p - 1.3p range.

AIMHO... DYOR...

[noirua] 10/12/2018 20:45

Many mining stocks are at the point when self feeding begins or in some cases continues. The share price falls very sharply from two year highs and the market cap against risk means only a deeply discounted placing will suffice. Not helped if all warrants and options are now priced close to or below the share price and if a company converts their warrants and soon after sells the shares, that is a warning signal. Then if exploration results are only ordinary a further plunge will take place.

The experienced investors may well see their share below a realistic price but that does not mean it will not go lower. Better to reduce and look to re-enter at a sharply lower price - that is our call of course.

Companies who then see they will have to cash raise in 2019 or 2020 will say, we will wait for the shares to recover. What if the stock goes even lower with no signs of recovery in sight???

[paleje] 06/12/2018 00:48

I suppose the share price will determine what happens re the warrants and that's all down to whatever funding deal is done, nothing else is meaningful as things stand.

There's an interesting interview online today with MTR McNeilly and Grammer, in it they mention their criteria for investee companies and what they expect of them. It seems to me (they don't say it) that they have played a part in getting us to this stage but it's still not plain sailing.

[vish65] 05/12/2018 20:42

Ooh yes , Plenty of snouts in the trough. Issue , pump, dump and repeat.

[bsg] 05/12/2018 19:24

Loads more Warrants @ 1.25p to go by April.

[paleje] 05/12/2018 00:06

Cheers VISH.

[vish65] 04/12/2018 15:18

[...]



Another recent video

He suggests warrants due last week have/are being exercised. Also in Q&A - vanadium could go into spin off vehicle as neither Arafura or Thor keen to finance and develop themselves

[vish65] 04/12/2018 12:21

Hmmm..now pushing it out to Q2. 1p a distinct possibility in my view particularly if warrants converted .

Kapunda worth zilch at the moment based on progress and based on the A$200k paid so far we only own 14%.

The wait goes on

[paleje] 04/12/2018 11:44

Another short video interview with MB published by Sharetalk today:-

[noirua] 03/12/2018 23:50

MTR selling is a problem for the share price as they focus on Greatland Gold. In this testing market the market cap may still be too high as there are a lot of potential mines with some owners of tenements not able to raise tenement renewal fees and make minimum expenditure payments on tenements.

[au24] 03/12/2018 22:47

Looks very possible now.

[5chipper] 03/12/2018 22:05

That's a bit more than a pull back. In fact, almost a fresh low...

Going down to the option price maybe?

[paleje] 01/12/2018 16:54

Mick kind of said as much in one of those interview clips, VISH, saying he hoped Moly was good enough to stand on its own as is, but I think he inferred if they had to sweeten it they could.

But we’ve seen that happen before when mick thought it was good to go but then had to beef it up, and none of his 'talks' came to anything. I agree, until 3rd party money is introduced there will be a lull. Unfortunately.

[vish65] 01/12/2018 14:44

I was mulling over the delay in Bonya drilling from last July to now mid Feb 2019.Although this could be construed as slippage (again) and poor management i suppose as this is feeding into the Molyhill plant after year 7 any NEW data from drilling could result in parties re-bidding or withdrawing bids depending on the results of the driling. This would delay things further.

So until finance is in place , action on the ground will have to wait. Lets hope it sorted pronto.

[abbotslynn] 30/11/2018 23:18

There is substance to this company and will make it I believe.

[bmnsa] 30/11/2018 16:30

Many buyers this week now locked in.

[paleje] 30/11/2018 15:54

Strange very short video clip issued yesterday by THR via their tweet feed.



EDIT - there are more vid clips if you scroll down, incl Q&A, missed them on my phone

[vish65] 30/11/2018 13:18

My experience in other shares and looking back 2 years at THR is that sustained rises with good volumes come off the back of new lows and oversold technicals.

Thor hit 70 on 21 day RSI this week and is now falling back. Cant see major funding news till after xmas so be interesting to see if it holds 1.5p. No drilling either till the new year.

Watching and looking to buy more if the right opportunity presents itself. AIMHO. DYOR.

[noirua] 30/11/2018 12:43

Small explorers do need to grab all the tenement ground nearby - adjoining good finds, to interest the larger miners.

[noirua] 30/11/2018 12:38

Don't give up on this one as the downturn in Australian miners may now have turned with new interests in tenements looking favourable. A small explorer Buxton Resources ASX:BUX has just managed to get interest from IGO.

Buxton’s Double Magic Exploration Success Secures Partnership
with Independence Group (IGO) 29/11/2018

[dsqjei] 30/11/2018 09:49

Can you not read?

[cf456] 30/11/2018 08:18

The difference between the previous holding in Feb and the current holding is 2.5 million shares added.

So it looks as though of the 7.5 million new shares from the warrant exercise they've kept 2.5 million shares and sold 5 million.



So overall, they've actually added to their original position by keeping 2.5 million shares from the warrant exercise.

[5chipper] 30/11/2018 08:08

Is there % drop due to recent dilution rather than selling?