I've been a holder of THR since 2011 so, with a current share price around 3p, I'm very pleased to be on the brink of break-even! The company seemed a good buy back then, and I believe the potential is still there today, so I plan to HOLD. Recent RNS' have been positive, and Richard Bradley's appointment as an Exec Dir with incentivisation to get the share price up to 6p or beyond can't hurt. THR needs a partner to move the business on from exploration into exploitation of its assets. So, what is fair value for the company as it stands today? Anyone care to make a prediction? The market seems undecided, with wild price variation over short periods of just a day or two... DAS.
"Discussions with third parties expressing interest in the Molyhil opportunity confirmed that an extension of mine life was a key precursor to more proactive engagement and with the findings announced today we have moved solidly down that pathway. The fact that this progress has been achieved in an environment when there is an industry desire to secure reliable supplies of tungsten concentrates makes the outcomes announced today all the more timely."
"After a long development road, the board are delighted with the progress achieved of late and are focused on achieving the best commercial outcome for shareholders. As with any project on the commercialisation pathway, shareholders should note that there is no guarantee of a successful outcome."
Just waiting, it would seem, for a third party to be confident of our findings/reports, etc. and sign up for a J/V.
This could happen anytime!
i'm sure all this testing and extended reporting is for their, the third parties benefit, not ours!
Was riding steady at 7p for a year before the continued fall to the bottom.
7p must be a target to aim for with this stock.
Great to see a 0.425p rise at one point today. LTHolders may see some of their value return.
Yes Scruff, Johnson twitters a lot about his investments - It's understandably difficult to resist doing so when having such appreciable amounts of skin in.
But this action at Thor is little to do with his daily commentary and far more to do with the quality of the co's assets, the change in emphasis with moving towards multiple project development and the very comfortable present cash position the co is now in.....And all nicely coinciding with a commod cycle that has now decisively turned in Thor's favour.
A 200% rerate so far. Much news ahead. Further to go? DYOR.
No one knows when this spectacular rise will stop but with the massive potential on offer here, we could easily see this multi- bagging many more multiples from today's price.
The future for Thor mining is looking very positive and the fact Johnson's been buying in size only reinforces my confidence.
Directors investing gives me confidence, also when I went to china I was told that my investments would come good in 2020 (one has gone bust so only Thor left) lol. I gave up investing since I was robbed by director in Xcite (and left in dire straights) but kept Thor as it was my first investment 10 years ago, so it is due!! Fingers crossed for a massive pay out!
I have underestimated my target for this stock.
I have scanned through some of my non performing stocks (sold them)and reinvested here agian this morning albeit at 2.49p
The Director investment and MTR connection was my catalyst.
Yes of course it is $3! Had pence on the brain. tbh. i was just drawing attention to our Fantastic! value. And by the way $3 over 2yrs. Copper over 10yrs.
On Pilot Mountain alone we could mine and sell 16,000 tons of Tungsten in a year @ $31,000/ton = $496,000,000 which of course is $1 (65p) / share.
We could be mining that resource in a couple of months time if we find the right partner/or funding.
Yep I think your right, and I am overnight a multimillionaire, if only, but I think there is a flaw. I cant see the cost of extraction - servicing of a cost of a capital loan or dilution of shares if moneys raised by shares placings etc, etc, are factored in.
That said I think in the short and longer run this will be a good share to hold hopefully a multibagger stock.
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