As you know I love the exciting AIM stocks - Just made a killing on Highbury House Communications HHO.

Now onto the next dangerous deal. ONLY FOR THE BRAVE AND THOSE WHO HAVE MONEY TO LOSE!

Just recently come onto AIM and initial results of 'top scrapings' good. They are doing deeper investigations - results coming out later in September - if successful the sp could go up to 25p - if not it's is bust.

Thor has been established as a mineral exploration and development company. Its wholly owned subsidiary Sunsphere, based in Perth Western Australia, has resource assets in the Northern Territory of Australia. The Board seeks to increase shareholder value by the systematic exploration of its existing resource assets as well as the acquisition of suitable exploration and development projects and producing assets.

The principal project of the Company is the Molyhil molybdenum-tungsten deposit in the Northern Territory. The Molyhil deposit has an indicated resource of 1,530,000 tonnes at 0.32% WO 3 and 0.19% MoS 2 , and an inferred resource of 500,000 tonnes at 0.25% WO 3 and 0.15% MoS 2 . The Directors believe that, based on historical experience and bulk sampling, mining should demonstrate head grades exceeding current drill-indicated grades, and that the proposed further exploration should give scope for an increase in resource estimates.

The Directors have extensive experience in both the mining and finance sectors. The Directors are experienced in the evaluation of mining assets, in raising funds on international capital markets, in evaluating acquisition and investment prospects and in the day to day management of public companies. The Directors believe that their expertise and experience will benefit the Company in the development of the Companys business.

The Directors will undertake shaft sinking and further detailed sampling to evaluate the head grade and mineralogical characteristics of the Molyhil deposit. The results will be utilised to update the current JORC Code compliant resource and provide the final resource to complete the feasibility study. The Directors believe that a further fund raising will be required as the Molyhil deposit approaches production.

Sunspheres portfolio of properties comprise seven tenements at Molyhil, Thring Creek and Hatches Creek in the Northern Territory.

in for a small gamble, lets hope i have more luck than with BGF[which i still hold at a small loss]. in time ,all things being equal, they ought to go up. or bust!!
in line with all my purchases give it a min and the SP should fall:)
[maybe i should just say i have bought and then buy after the SP has fallen...LOL]
Alex

Hey don't knock BGF just yet, decline is due to timetable slipping on production. But with the BlueWhale fault this slip in production could well deliver a better grade later in the year.

what does the RNS giving poor metal results mean for THR?
Alex

Looks like we'll see a fund raising event before the years out with these. I remain on the side lines watching...

did anyone go to the meeting on the sep 6 and did anything useful come out of it. by all accounts the AST side of things was informative. i hold a very small holding [2750 shares] for a highly speculative gamble. given the usual SP fall when i buy, i have put these in the 'forget and hope for a miracle' pile.
Alex

how does this warrants issue work? in laymans terms, as i have 458 of them and wouldnt want to waste them
Alex

Consolidation and now a longer hold but COH did this and then doubled. The last RNS was positive this week. Since I started this thread thought it prudent to state where I am on this. Holding a large number and no doubt will take another year but at least the tax reduces enormously after 2 years. This is a make me rich or bust me!

anyone help with my last[18 of 20] ? please

alex - what do you want to know then re: warrants?

sri for the delay in replying but away from home at this time.
what do i do with them and when? i have never held warrants before and i only got these cos of the consolidation. i assume i can use these to buy more shares at a preset price sometime in the future as long as the shares go up in value. i also assume rightly[or wrongly hence my question] that if the SP goes down then i will get nothing in respext of these warrants
your help on understanding warrants greatly appreciated and i apologise if i take a long time to acknowledge but am fighting in iraq at the moment.
Alex

Thor Mining confirms potential of tungsten oxide, molybdenum production
AFX


LONDON (AFX) - Thor Mining PLC confirmed potential production of its Molyhil Tungsten-molybdenum Project at around 100,000 metric tonne units of tungsten oxide a year and 1 mln lbs of molybdenum a year, and said it had completed drilling and its geological survey for the project.

It said the feasibility study for the project is due to complete in November 2006.

newsdesk@afxnews.com

tfn-mum-ssa/jfr



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Alex, your on the right idea with your warrents, there are two types though 'Call' and 'Put'. Call warrents represent a specific number of shares that can be bought from the company at a specific price on or before a certain date (most likely on). You hear of directors receiving options in shares, same thing! Put warrents are the reverse and deal with selling shares back to the company. Of course if you don't take up the warrent it'll expire however if your not interested you should see if you can sell the warrent, normally these trade at a fraction of the sp.
Just for now note the warrent expiry date, how much per share or bulk it costs and how much notice your broker requires to buy.

explosive,
do you hold THR, and did you get these warrrants? if you do you will know what type i have. if not will have to give my broker a ring. they show up on my nominee a/c as worth 5 for all 452 warrants[the fraction of a penny per share bit i assume]. will be expensive from Iraq i bet.

moving up dont know why but who cares

Not holding, was debating getting in months ago and wish I had with more recent sp rises!

Keep holding for a very long time and this could make a lot. I am now resigned to holding for 2 years but I do own 50Ks worth in shares and cfds. It is an exciting stock and can keep me dreaming for months!

With the suspension in Australia until 5 December awaiting results of feasibility study, this could be a good chance to top up on holdings.

Oilyrag
Great to see an experienced punter on this board. I am pleased it is up 9.52% today and I will enjoy having the ride our lives.

Eyes down Monday night, 11PM for Tuesday in Australia announcement and effect here. Topped up, well only 10,000 more at 10.70 early this morning.
Warrants (called options in Australia) should follow share price closely now and give better leverage from a trading perspective but don't think I'll sell those as better return likely achievable in the future.
THR remains little followed but some useful commentary over the other side

hodgins,
when would be the theoretical best time to convert[buy/sell] warrants. i hold some following the consoldation and have no idea what type they are. or what to do with them. Explosive tried to explain to me but still not clear.
Alex