Price on the up Looking good today, hope it doesn’t just flop by the end of trade, has there been some news? Onwards and upwards I need 10p!!
Proactive Investors - Interview with Mick Billing 02.08.18 Molyhill news - “next few weeks” Pilot Mountain news - “Soon” Last RNS indicated a Q3 update on these so hopefully this forecast is more accurate than their last. A_D
Get molyhill open!! Im starting a campaign get molyhill into production, its more than 10 yrs when I bought my first shares in molyhill at 10p, surely this should be our year!!!Come on now heads down you seem to be doing well but I need it to turn in to profit!!
Re: Great acquisition Sorry to confuse it was the no logic post about them dropping the price to get us to sell
Re: Great acquisition Just added but wish I hadn't read this original post as it reminded me of Xcite everyone keep saying this and then it went bust and I lost 10's of thousands! I am really hoping to pull some back with this share. I will not be buying anymore though, I have quite a few thousand pounds worth on this and will now wait and hope this is a genuine company with honest directors (unlike Xcite).
Re: No logic Totally agree. Added some yesterday and today. Am very happy to continue to acquire on dips. I have only a small exposure here.
Re: No logic Testing recent lows. A nice position to add ahead of news on Molyhill IMO.
Great acquisition I like the work "compelling" in the RNS. This is a synergisitc add on that seems to create value.Up 10%.Maverick
Re: Tungsten USA "After years of challenge in the tungsten sector, the Company has received interest in its projects from multiple avenues. To secure best value for shareholders we must be seen to drive our tungsten interests forward whilst engaging commercially with third parties. We are doing that right now and the accelerated focus on critical commodities in the U.S. means Pilot Mountain is exceptionally well positioned to create considerable value."2 bill dollars value in the ground at at pilot mountain, with a investor this will 5 bag at least, interesting comments about talking to interested parties and near term news flow.Strong buySenn
Re: Tungsten USA Thor Mining PLCPilot Mountain Project and Business UpdateRNS Number : 9746HThor Mining PLC16 March 2018 16 March 2018 THOR MINING PLCPilot Mountain Project and Business Update The Board of Thor Mining Plc ("Thor" or the "Company" (AIM, ASX: THR), is pleased to provide an update with regard to significant legislative developments in the U.S. impacting the Company's Pilot Mountain tungsten project and the consequent strategic impact expected on the Company's forward business plan.Pilot MountainThe Company is pleased to advise shareholders that the United States House of Representative's Natural Resources Committee has passed the National Strategic and Critical Minerals Production Act (the "Act". While further steps are required in the legislative process, the successful passing of this legislation is expected to be a key step to enable the acceleration of permitting and related matters pertaining to critical metals projects in the United States.Thor Mining has a 100% interest in the Pilot Mountain Tungsten Project and in May 2017 (see below) the Company delineated an indicated and inferred JORC compliant resource of 32,720t of tungsten trioxide, 192t of silver and 14,300t of copper.The U.S. Department of the Interior has published, in February 2018, a list of commodities considered critical to the US, including tungsten. Therefore the passing of the Act is of particular significance to Thor and the Pilot Mountain project.It should also be noted that there is currently no domestic supply of primary tungsten in the US.Western ShawOn 8 December 2017 the Company announced a 120 day option to acquire the Western Shaw Project in Western Australia. The Company has undertaken initial due diligence work on the project which has now been finalised.Reflecting the progress achieved across the Company's Pilot Mountain, Kapunda and Molyhil key projects since the 8 December 2017 option over Western Shaw was announced, the board resolved to limit any diversion of financial and management resources to those deemed particularly outstanding, as outlined within our 8 March 2018 Business Strategic Update a copy of which can be viewed here:www.thormining.com/-/thor/lib/docs/asx%20releases/20180309%20Strategic%20Update.pdfThe board have decided, on the basis of the due diligence undertaken to date, and given the need to focus our resources on our three key projects which the board consider are capable of delivering considerable near term upside, that we will not proceed with Western Shaw at this time. We wish the project owner Redstone well with the project. Mr Mick Billing, Executive Chairman of Thor commented: "In December 2017, just three months ago, we signalled significant project milestones for our core tungsten and copper projects, including the Molyhil Open Cut Ore Reserve, and the Kapunda Copper mineral resource estimate. We could not however, accurately predict the positive events outside of our control, including the continuing strengthening of the tungsten price, and now this US initiative to streamline and accelerate regulatory approvals of mining developments for critical minerals in the USA. That said, now we must react to those positive developments in an appropriately commercial manner, and with a sense of urgency.""On 8 March 2018 we announced we would focus entirely on our strategic tungsten and copper interests. We have followed through with that today and although we have many exploration opportunities, we must be hard headed and now recognise Thor already has three substantial advanced tungsten, and copper, interests each of substance and significantly scalable.""After years of challenge in the tungsten sector, the Company has received interest in its projects from multiple avenues. To secure best value for shareholders we must be seen to drive our tungsten interests forward whilst engaging commercially with third parties. We are
Re: Tungsten USA can you be more specific senn. Thanks. JJ
Tungsten USA Looks like the company have interested parties to take the project forward. There probably queuing up after the recent news from across the pond also USA will need it and currently do not produce any.Could be huge for this companySenn
Re: RNS There is a lot going on here. Three main projects. Funded until 2019. Positive regulatory news and a market cap of only £21m so the big guys are not interested yet. I have been acquiring on dips and topped on on Friday. Investor presentations due this coming week. Looks like a rare case where PIs have a chance to beat the pros albeit mainly because of their current lack of interest. The point is that an institution only bothers to do research if it can then sell the research and get paid by placing client money. With only a market cap of 21m there is little incentive. A quiet board implies that this is on few peoples radar - yet!
RNS Great RNS, Go Thor ![link]