Thor Energy Share Discussion Threads

[paleje] 22/4/2019 08:31

You might have the 'right' Thor, GG... just the wrong thread;)

[goodgrief] 21/4/2019 22:40

Oops... wrong Thor!

[goodgrief] 21/4/2019 22:39

Nigeria gold mining project considers London listing https://www.telegraph.co.uk/business/2019/04/21/nigeria-gold-mining-project-considers-london-listing/?WT.mc_id=tmgliveapp_iosshare_AsWZh7nwpfZX

[noirua] 20/4/2019 14:14

Simply Wall Street:

[paleje] 20/4/2019 09:02

So that's why he's invested. Ah right.

He doesn't point out that the +4p in Feb 2018 was a short peak driven by twitter, porkies and greed. As the promises, hints and innuendos evaporated so did the share price

There is a massive credibility and confidence issue and tangible 'value' will only emerge when 3rd party in-the-trade hard cash is introduced. Transparently. MH.

No good having a company keep finding stuff and chasing dreams if nobody in-trade wants to deal with them. Or not at the price we've been led to expect, if that's the case then pi's (me incl) were sold a pup. We should find out this quarter.

[5chipper] 18/4/2019 20:36

hxxps://www.share-talk.com/why-i-am-invested-in-thor-mining-lonthr/

[noirua] 08/4/2019 18:25

At 0.4c the market cap on the ASX is A$10.32 million £5.60 million.

[paleje] 08/4/2019 14:11

So here's Monday's 'surprise' it's dated the 8th but could have been recorded before. Anyway from ~6.5 mins Mick croaks his way through an update on MH discussions:-

[bsg] 05/4/2019 17:13

Lifestyle for him and his cronies. If share price ever gets to 1.3 + 0.85 (without a consolidation!) current placees will be bailed out (i.e PJ). It will soon be next year then watch the placings come.

[paleje] 05/4/2019 16:02

Placees selling at a loss, hoping to make up on the 1.3p warrants but they ain't in for free, which is what their broker will have more or less told them.

Not how it's supposed to work, Mick.

That podcast is so vague it makes me wonder if the bloke ever uses plain speak or says anything concrete and unambiguous. But there was a serious omission surely....and the only reason anyone should currently be interested in THR.....there wasn't a word about Molihil. But thanks for posting it Deacon, it gave me a laugh on a Friday afternoon.

No doubt confidentiality sworn to secrecy while negotiations intensify and accelerate but still a bunch of work to be done before a deal can be announced... or something like that. Incredible. Not a word!

Go on, surprise us all Monday morning Mick.

[the deacon] 04/4/2019 15:46

New podcasthttps://t.co/agAtQBZ2kk?amp=1Cashed up for the remainder of 2019. Plenty of upside from here imo.

[5chipper] 03/4/2019 14:22

Getting a sense of how value could be being created here.

If the new asx co. Has a mcap of, say, £20m then thr have £7m of marketable securities; which is greater than current mcap + offers option to avoid placing.

Molyhill could be funded by giving up operatorship which could have the benifit of losing future dev liabilities but offering the chance for future revenues.

These events would allow thr to concentrate on pm (which has most potential imv) + new leases.

Lots of ifs, buts & maybes though let's wait and see

[the deacon] 02/4/2019 20:58

Funding announcement for Molyhil within the next couple of months.

[noirua] 02/4/2019 13:09

Not sure how they can raise US$43 million with a market cap under £5.4 million. A bit like owning a house worth £500K and wanting to borrow £3 million against it.

[bsg] 31/3/2019 07:44

I think PJ etc. know how close to the wind this is and have kept schtum! All very iffy if you ask me.

[vish65] 30/3/2019 11:33

The total lack of twittering and pumping/comment by pj and his cronies suggests they werent in/part of /supporting this new development.Now to see if the warrants due in 2 weeks lapse.

[charaxes1] 30/3/2019 08:18

Fair point Paleje. A couple of additional points. PJ and K Watson could have accepted shares at a higher price rather than 0.85 if they thought THR was so wonderful. The other issue that worries me is that Metal Tiger, THR’s biggest shareholder, did not appear to take part in the fund raise. That is a big red flag as far as I am concerned.

[paleje] 29/3/2019 20:37

'Close with funding' - I thought the same VISH, but then I thought if they really are so close, why do a placing at this level when they don’t really need the money to keep the lights on, why not issue decent news first then place at a better price. Ditto the acquisitions, why not issue paper at a higher price after MH deal and cause less dilution for holders. Assuming a share price rise on MH of course.

Then I remembered Mick's modus operandi, look after no1 first at any cost, investors are bottom of the pile. Oh and look after placees because then you can call on them again.

With that in mind I do think theres a chance of uplifting news which many placees will sell into for a tiny profit only wanting to keep the warrants which doesn’t tie their cash up.

Great system:) could write a book on this lot but probably get sued. Have a good weekend.

[andy] 29/3/2019 12:09

Vish65,

Is that at Proactive?

[vish65] 29/3/2019 12:07

Ken Watson
@ken_kfwatson
·
22h
We have just vended Pilbara Goldfields and Hamersley Metals into Thor Mining plc - see RNS . We have retained the iron ore rights in the deal. In Redstone Metals and another private company we own Western Shaw which has a BIF horizon with a strike length of approx 9 km .

[vish65] 29/3/2019 12:04

Hi Paleje.. Indeed. Cobra resources is another one . Just listed with Ken Watson and Rolf Gerritsen . Gerritsen ex Metal NRG. (PJ) and Papua Mining (PJ).

And they're all in london tonight to present -Thor , ECR. Cobra , Panther metals (ceo Darren Hazelwood another of the PJ crew. .) A mates night out

Found out from twitter Pilbara Goldfields pty ltd is adjacent to GGP's Panorama project in the Pilbara and the uranium at Hamersley pty Ltd has grades up to 1.6% which is pretty exceptioal.

But whatever these projects offer to Thor theres every chance of Death by Shares.
Molyhill funding will clarify exactly where we stand but my expectations here are reducing.

they must be very close with funding now having released that RNS.

also looking for TR1's to see if MTR or PJ have subscribed for more at this .85p price

[paleje] 28/3/2019 21:20

VISH You're right about the incestuous nature of some of these Aussie co's and their manipulators. I dug this from a Nov 2018 article in the FT, Watson was in Regency and Red Rock both of which have received the attentions of PJ and others. They can make more money passing them around and taking fees and joining in fund raises than they can by doing a proper job with any of them. Shareholder money funds the merry go round.

Ken Watson, Non-Executive Director, age 80

Ken Watson has been actively engaged in exploration and mining for the past 50 years in both publicly listed and private exploration companies. He has considerable experience as a prospector and was involved in the discovery of the Golden Kilometre gold mine at Mt Pleasant in the Eastern Goldfields of Western Australia. Mr Watson has been the vendor to many listed exploration companies on the Australian Securities Exchange and was a co-founder and Managing Director of Regency Mines plc and Red Rock Resources plc listed on AIM in the UK. Mr Watson is currently a director of Redstone Metals Pty, Pilbara Goldfields Pty Ltd and Hamersley Metals Pty Ltd, conducting exploration for conglomerate hosted gold and battery metals including lithium, cobalt and manganese in the Pilbara and other parts of Western Australia.

[paleje] 27/3/2019 15:10

'Strategic' - I always dread that word in the header of an RNS.

I think most of us know your strategy by now Mick, and they certainly do in Oz. Rinse and repeat. Or should that be milk and repeat. Oh and obfuscate, add in a few red herrings to throw people off focus.

You were right to exit abrahe00.

Stand by for flipping on the next bit of (good) news.

[charaxes1] 27/3/2019 11:46

Agreed Vish. You are right Ken Watson and Paul Johnson were behind the two companies that THR are proposing to enter into this transaction. As PJ is a substantial shareholder in THR already I am surprised that this was not been declared to the market this morning. In any event we should see a TR1 confirming PJ has increased his stake in THR! We shall see.