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.

Although Thor Mining FY pretax loss widens, the info given in the annual report gives me further strength to continue to hold.

Any one spot anything untoward in there that i have missed?

I have their warrants so will hold until sep 09 and make a decision then if not sooner.

Alex

Looks promising to me, another MOU and placing for funds to develop the site and we should be in business. MOU should see some upside in the share price, back to 17p???

Now that the exercise of options is out of the way at a nice price for those involved, can we now get on with making some money. This should go northbound from here, hopefully quite quickly.

warrants up 50% today hope this is the start of an upward trend
Alex

whats going on??[rhetorical ?]
could do with some news to shake these up.
Still holding on to some warrants. Have written these off to bad luck but you never know still a year and a bit until i have to decide what to do with them.

Anyone else still in ?

Alex

oily, you still in?
Alex

No not at the moment, took profits a few months ago when they announced that they had no take offs for their products. It is always on my watchlist as I believe that as soon as they announce a buyer or supply contract, the SP should rise considerably. I don't mind losing a little profit on this one by not tying my money up too long. Good luck all.

results out

http://moneyam.uk-wire.com/cgi-bin/articles/200802280700419002O.html

Take off announced by chinese, I'm back in at 7.5p, and in profit already.

still holding but a long way for profit i fear

Thor soars on Molyhil off-take deal


LONDON (SHARECAST) - Thor Mining gained a third of its value today on news it has signed an off-take agreement with CITIC Australia Commodity Trading for its Molyhil tungsten-molybdenum project in the northern territory of Australia.

http://www.sharecast.com/cgi-bin/sharecast/story.cgi?story_id=1976297

Western Desert paid A$0.20 cents per share, thats 8p each, for a 16.7% stake.

New article, click HERE

This one starting to move again.

Possibley start production very soon once funding sorted.

This little tungsten miner is up more than 3 times in a few months Anybody know why?

I am still holding and they have doubled over the last couple of weeks - a staggering volume - anybody in?

Have joined you with a small punt this morning fonty, also CNR the same amount.

I hold and am very pleased. Only bought last week and it shot up on the asx last night so hopefully good news to come. good luck!

I also hold cnr and that has great potential as it's silver assets are largely overlooked so I hope to see 40p or more on that one long term much higher. I also have kefi hoping for some good news soon and my star is agq which I'm holding long term as all the signs are that silver is going to rocket next year. sorry o/t but thought you might be interested as it's quiet here.

Silver ratio to gold is now less than 50 :1 v gold and coming down.The word on the street says that there had been manipulation to keep it artificially high.