Thor Energy Share Discussion Threads

[imjustdandy] 26/2/2020 09:03

Should double from here on next news . All due by end of Q1

[imjustdandy] 25/2/2020 22:21

I think they must have secured the spring hills deal which was expected in Q1. Any idea how much cash we will receive for this?

[imjustdandy] 25/2/2020 21:54

At lost - movement. Hopefully big news on the way.

[jfreshfield] 25/2/2020 17:52

Started adding here today. Woefully undervalued

[bsg] 20/2/2020 12:56

THR get a better kick back from the gold mine they sold recently when >1600 (?)

[abrahe00] 20/2/2020 09:35

lachman18 Feb '20 - 21:10 - 5489 of 5489
0 1 0
No surprise for the rise, with Gold price rising to: $1605oz, more to come.

-----------------------------------------------

But... THR is not a gold producer!

[lachman] 18/2/2020 21:10

No surprise for the rise, with Gold price rising to: $1605oz, more to come.

[rabiddog] 18/2/2020 14:13

Anyone know why the price rise...not many shares traded?

[telbap] 10/2/2020 13:38

Yep and it cost A$104,000 to negotiate the sale ....

[andy] 10/2/2020 12:38

Raised a bit through an asset sale, keeps the lights on a bit longer I guess:

---

"the disposal of its interest in ASX listed Hawkstone Mining Limited.

The sale process was conducted over a period between November 2019, and early February 2020, and realised, after expenses, just over A$103,000".

[browngirl] 31/1/2020 13:01

TiME FOR MICK TO STEP DOWN TOTAL WASTE OF SPACE

[vish65] 31/1/2020 09:16

I see the money raised from the last raise is basically spent and current cash runs our in Mar/Apr. They left off the next Qtr forecast spend to save getting a ASX Funding query and giving the market a heads up warning. In light of that i'd expect the Royalty sale to be a low ball offer

[abrahe00] 31/1/2020 07:13

Today's quarterly report might as well had been a copy & paste of the past umpteen quarters! Nothing ever changes with Thor. No progress on any funding for MH and looks like more fund raising will be needed soon.

MB is a useless tw@t!

[bsg] 29/1/2020 10:23

More money, more placings, more drilling, same old. Teflon Mick.

[vish65] 29/1/2020 09:25

I make it +1.5 yrs so 7yrs O/P +1.5 + 2 yrs U/G = 10.5 yrs

But Bonya is only inferred and he states " at least to indicated" i assume 3rd parties want to see some indicated.

So more time and money required

[abrahe00] 29/1/2020 08:19

Well, there's the RNS... But, it somehow skirts around the MH mine-life issue. So, are we now at the 10+ years?

I doubt it, otherwise Mick would be shouting from the roof tops...

[abrahe00] 29/1/2020 07:09

Just got this e-mail... But there doesn't appear to be a corresponding RNS!

Thor Mining PLC | 29 January 2020
Maiden Resource Estimates - Bonya Tungsten & Copper

Thor Mining Plc (“Thor”) (AIM, ASX: THR) and Arafura Resources Limited (“Arafura”) (ASX: ARU) are pleased to advise maiden mineral resource estimates for the White Violet and Samarkand tungsten and copper deposits at Bonya, adjacent to the Thor Mining Molyhil tungsten and molybdenum project.

The project is held in joint venture between Arafura (60%) and Thor (40%) with Thor acting as manager, and each party contributing to the cost according to their equity holding.

Highlights

• White Violet;
• Inferred Resources of 495,000 tonnes, grading 0.22% Tungsten Trioxide (WO₃) and 0.06% copper (Cu), containing 1,090 tonnes of WO₃, and 300 tonnes Cu.

• Samarkand;
• Inferred Resources of 245,000 tonnes, grading 0.19% Tungsten Trioxide (WO₃) and 0.13 % copper (Cu), containing 465 tonnes of WO₃, and 320 tonnes Cu.


Mick Billing, Executive Chairman, Thor Mining, commented:

“These maiden resources are very significant when combined with the mining inventory of the nearby proposed Molyhil development.”


To read the ASX announcement, please click here:

[paleje] 16/1/2020 14:54

..and so should Mick be.

At least copper's picking up, admittedly one for the future.

[abrahe00] 16/1/2020 11:14

I'm not a big fan od Mcik but in his defense, he never wanted to go down the gold/pilbara route. This is MTR's bag and he just went along in the absence of any positive developments at Molyhill.

On that note... I seem to recall him mentioning updated assays for MH in December (delivered late in Jan) and an updated resource estimate this month.

Let's hope he manages to hit his 10 year mine life target, otherwise MH is toast.

[bsg] 16/1/2020 10:27

More drilling, placings. Gravy train for Mick continues ...