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.

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

Hi FONTY, I'm honoured that you consider me to be an experienced punter. I just like to have an opinion on most things. I find that the best way to confirm a good find, is to bounce ideas off other people and see how they react. It helps you to keep a balanced view and not get suckered in on a bum deal. Back to Thor, a couple of weeks ago, they purchased a complete set of tressle tables for 750,000 approx half price. I don't consider for one moment that they would have purchased these, if the news that is about to come out is anything but positive. With regard to Robertalexander and the warrants, the answer is simple, if the purchase price stated on the warrants is less than the market price and you want to buy at that price, then exercise them through your broker. If you havn't exercised them by the expiry date on the warrant then you will lose them.

ra
If you held Thor shares before date when price was adjusted (it was only adjusted because no share is allowed to list in Australia under 20 cents) you were "GIVEN" a certain number of warrants (called options in Australia, which they were given on listing) which are now tradeable.
I would be in no rush to sell these on the basis of increased share price in the future being worth more or convertible to shares at a lower price (before date quite some time into the future).
However, it may be worth buying more warrants on Monday (before announcement in Australia our Monday night) and if there was significant share price rise the percentage rise in the warrants would be greater than the shares and it could be worth then selling these on a trading basis although spread on warrants is quite a bit wider.

Todays news is brilliant for the long term, however, with a further placement in the near future there is going to be a bit of dilution. I feel that over the coming months we may see a small drop in Thors sp, depending on the placement price. Myself, I shall put this one on the back burner for a while and keep a close eye on purchasing opportunities.

Still nothing to temp me in from the sidelines, the sp seams to jump with very little to substantiate it.....

Sorry boys, looks like I was right, its slipping back a bit. Buying target price for me is 8-10p, selling target price 11-12p. I forsee a few months of price drifting until placement price and date are known..

Thor down 8.16% in Oz overnight, could drop 0.8p today, to about 9.25p mid price.

Good news - still holding for the long term. Went up 30% on news but end of the day was up 15%. Worth looking into guys. I hold 45K

when do the warrants expire[issued late last year] and at what price were they for?
they seem to have gone up to ~4p.
Would hate to miss out and not do anything with them.
regards
Alex

whats going on here the warrants[are 8p by sep 2009] have gone up nearly 36% in 2 days and share price now upto ~14p. this can only be good. is this in any way connected to uranium being flavour of the month?
anyones thoughts
Alex

They have finally started mining and discovering more substantial drilling sites. I am holding for the ten bagger. Up and up. I want a long steady rise so that AIM Capital Gains relief works!

Also it is a stock that has started to trade - hopefully soon it will no longer be the forgotten mining stock.

bit of profit taking i presume. still holding and wishing i had been braver and bought more.
Alex