Share Name Share Symbol Market Type Share ISIN Share Description
Thor Mining LSE:THR London Ordinary Share GB00BD0NBV71 ORD 0.01P
  Price Change % Change Share Price Shares Traded Last Trade
  +0.00p +0.00% 1.70p 130,327 05:00:01
Bid Price Offer Price High Price Low Price Open Price
1.50p 1.90p 1.70p 1.70p 1.70p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -1.25 -0.23 11.1

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Thor Mining (THR) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
09:54:031.7774,5051,318.74O
08:03:551.7755,822988.05O
2018-10-22 14:42:431.68106,6661,791.99O
2018-10-22 14:09:021.6950,000844.00O
2018-10-22 13:19:141.522003.05O
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Thor Mining (THR) Top Chat Posts

DateSubject
23/10/2018
09:20
Thor Mining Daily Update: Thor Mining is listed in the Mining sector of the London Stock Exchange with ticker THR. The last closing price for Thor Mining was 1.70p.
Thor Mining has a 4 week average price of 1.45p and a 12 week average price of 1.35p.
The 1 year high share price is 4.38p while the 1 year low share price is currently 0.93p.
There are currently 653,358,522 shares in issue and the average daily traded volume is 2,194,721 shares. The market capitalisation of Thor Mining is £11,107,094.87.
04/10/2018
16:50
vish65: Hi paleje Yes i wont be buying shares in that part of the world. Personally from Micks interviews i sense we have alot of interest and as you pointed out via the MTR accounts its more a case of working through to get the best deal for shareholders. Its taking time but i'm still optimistic. The Bonya deal again being in shares tells me the vendor is accepting the deal to also get Thor share price apppreciation via Thor's other assets. Interesting times ahead.
27/9/2018
09:33
paleje: Spot on Vish. And now, for the first time, we're hearing direct from our biggest shareholder that they are *actively pursuing* strategies to maximise their investment. MTR are underwater or nearly so, they cannot be happy and they are savvy players, they know the reasons for the malaise in share price.
11/9/2018
13:54
abrahe00: If, back in June, Mick didn't think the share price reflected the progress made by the company, I wonder what he makes of it now! The long awaited updates are out, seemingly better than anticipated, and yet we're down another 25% since. I'm also disappointed with MTR to some extent. They could bring more to the table, but clearly feel unable to unwilling to. And, to top it all off, mick is in Edinburgh trying to sell THR to a bunch of tight fisted Scots! Good luck Mick...
24/8/2018
14:51
edgein: O/T Pale, KOD was a screaming buy when the Chinese got their top up at 0.13p, I bought millions between 0.135 and 0.141p. I did have some from 0.22-0.24p before that. I previously sold all when the Chinese originally paid 0.38p for their first £4m, and got back in when they fell. So they were all freebies in KOD after that. Only problem was JORC slipped from last summer to this September. So the share price followed suit. Well they're in a holding pattern at present waiting for a JORC which could potentially come in higher than peer maiden lith JORCs its very high grade. Not as big vein widths as at SAV for example but they've drilled 30,000m of shallow holes on the three main discoveries, so lots of data to base the maiden JORC on. Price wise depends on what the results show and if there's a sell on news brigade waiting like there was here for the MH DFS. Imo the JORC will make them look cheap, but like THR cheap doesn't always mean re-rate. Hopefully it will, we'll see in September. You might like the look of EUZ too, they've a scoping study due September/around/by/near Q4 '18 (loose mining timetables may apply) and a cracking asset. Regards, Ed.
23/8/2018
08:31
desflurane: Very disappointing share price reaction.
02/5/2018
12:24
ianbag: The JV or funding news for Molyhill is the trigger here, once that is agreed the project de-risks, the market will see a road map to deliver the potential and the share price will react accordingly. It is a very good time to add to holdings. Until then the share price will probably bobble about round this level, unless of course one of the other projects throws up a surprise/news.
14/3/2018
01:48
noirua: The sector is very weak with only a few micro-cap miners here and there bucking the trend. Maybe low cash at about £4.2m against a high market cap of £26m when at 4p was the problem with no partnership agreement or short term cash flooding in. Maybe Twitter over-excitement caused the share price to get ahead of itself. Directors do have a habit of saying how good the management is and how well they are achieving. These days cash needs to be near the market cap as assets in the ground in undeveloped tenements or stock piles of low grade tailings need financing. Anyway, the assets themselves look good so it's grab a partner to put cash in, or dare I say it, an extra US$20 million would do the trick in the states. The share price is probably too low at 2.25p to 2.5p and Thor did not deserve to be stamped on this hard. After all, it's steel and aluminium going into America that will be hit the hardest. 2.7c a share, as I post, is so low it's worth putting THR aside and waiting for things to settle.
15/2/2018
13:50
paleje: I know most of us LTH's already know this but a nice easy read for newcomers:- Thor Mining battered by Kapunda resource estimate, but low grades suit leaching project down to the ground THR by ValueTheMarkets • February 15, 2018 The old adage ‘buy the rumour, sell the news’ claimed Thor Mining (LSE:THR) as another victim this week, with the resources firm taking a drubbing on AIM after announcing an inferred resource estimate at its Kapunda copper project. In its update, Thor reported that the South Australian project, in which it holds a 45pc interest, is estimated to contain 119,000 tonnes of copper within an inferred resource estimate of 46.4m tonnes grading 0.25pc copper. Thor’s new resource only covers the part of the Kapunda deposit that is considered amenable to in situ recovery – its top 100 metres which hosts copper species that are readily leachable. The company said the estimated copper contained at the resource is ‘well above expectations’ of around 45,000 tonnes. It added that the metal can be recovered relatively cheaply due to the low cost of leaching and said that only a modest amount of infill drilling will be required to upgrade the resource to measured or indicated status. Although Thor’s share price has now partially recovered to 3.1p, the news triggered a large sell-off when the estimate was released on Monday, and shares fell from 4.1p to 2.9p. It is possible that this drop was down to fears that, at just 0.25pc, the ore grade that had been discovered was negligible. But it is worth pointing out once again that this is a leaching project. This cheaper method has always been best suited to low-grade ore, which could not economically be sent through the alternative, highly expensive milling process. Indeed, similar in situ recovery projects around the world can be seen to also have low copper grading. For example two in situ projects operated by BHP Billiton (LSE:BLT) – a much larger firm than Thor – use resources graded between just 0.3pc and 0.5pc and have been in production for more than a decade. In today’s booming copper market, where prices are being driven by troubling supply/demand dynamics, there appears to be no reason why Thor cannot make its resource base work at a grade of 0.25pc. With copper prices currently sitting around $7,000 a tonne – a figure which Goldman Sachs expects to rise above $8,000 by 2022 as supply continues to fall and growth swells – the initial resource at Kapunda could be worth a notional £833m. Thor’s 45pc stake of this would be worth £367m. Even with production costs, this amount towers over Thor’s current market cap of just £15.5m. Furthermore, in return for its stake in Kapunda, Thor only has to invest a maximum of $1.8m over three years (at least $300,000 in each of the years) via convertible loan notes. If Kapunda’s estimated copper resource is fully recovered, then this could turn out to be a very good deal, which opens up a significant revenue stream for Thor. As executive chairman Mick Billing puts it: ‘Thor is uniquely placed with a right to earn into an effective 45% interest in this strategically significant project, just at a time when new copper opportunities are being sought in safe jurisdictions.’; Bigger picture Another point to remember is that Kapunda is just one of Thor’s projects. It has further interests at sites spread across the US and Australia. For example, it the sole owner of the Pilot Mountain site in Nevada, which has a whopping inferred indicated resource of 11.7mt of tungsten trioxide (another heavily ‘in vogue’ metal), copper and silver. It also owns the Molyhil site in Northern Australia, which is estimated to contain tungsten reserves worth around $300m and molybdenum valued at $170m. As we reported last month, publicly available assessments of Thor’s value suggest it already controls at least $1.8bn worth of metals. With the firm claiming in November that it is fully funded until 2019, following heavy investment from Metal Tiger (LSE:MTR) and a $1.3m placing in October, these resources should not be sniffed at.
08/2/2018
10:49
cf456: Share prices can move very much further than most think possible. Just look at the likes of ASC or ACSO. If the underlying fundamentals of a stock are supportive then the share price will keep adjusting to reflect those fundamentals. With THR there is huge underlying value that is clearly nowhere near represented in the current share price. hTTp://www.valuethemarkets.com/index.php/2018/01/26/thor-mining-funded-develop-1-8billion-tungsten-copper-molybdenum-2019-thr/
27/10/2017
09:31
x54v: BBs often have scathing comments from long term holders of stocks who have held on through the prior decline and are bitter and feel the need to vent. It's the same with loads of the smaller resource companies. The optimism in the comments usually reflects the recent share price action - the better it has done, the more positive are people's comments. Whatever the case, it's good to see the strong move up on ASX after the sideways range. PJ is a good promoter of stocks he owns and especially ones where he is also a director so THR should get increasing coverage from him. The recent RNS has definitely boosted the price and recent volume and I would expect activities and newsflow releases with an aim to drive up the share price in the coming weeks. "In summary Thor has built a strong portfolio and needs now to focus its efforts on fully communicating this to investors in the company and third parties who are seeking exposure to tungsten and copper opportunities. As a company we have to be bold and demonstrate that in the board's view, the market value of the Company considerably understates the value of our business interests." Https://investegate.co.uk/thor-mining-plc--thr-/rns/financing-and-strategic-update/201710201344472280U/
Thor Mining share price data is direct from the London Stock Exchange
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