Investors' Room :: Thor Mining Plc - - Recent Broker Rating of 0.91p - MoneyAM - Free Share Prices, Stock Quotes, Charts, News, Level2

davyboy - 28 Aug 2014 12:26

I have been following this company for a while now and think now could be a
good time to grab a few.Thor have recently got funding via placing and the
chart suggests a move back into the 0.20p - 0.25p trading ranges.

Chart.aspx?Provider=EODIntra&Code=THR&Si

Chart.aspx?Provider=EODIntra&Code=THR&Si

Recent comment by Vsa Capital

Strong prices this year for tungsten and molybdenum have improved the economics of Thor Mining’s (ASX:THR,LON:THR) Molyhil project in Australia, said broker VSA. Thor is currently upgrading its reserves on the back of recently completed optimisation studies, while it also has gold prospects at Spring Hill and Dundas, also in Australia. The recent optimisation work cut operating expenses at Molyhil by 13%, while a revised feasibility study should increase the reserves to support a six year life, assuming run-of-mine production of 400,000tpa. VSA added that tungsten prices are well supported at current levels, given the tightness of supply now that China has curbed its presence in international tungsten market.This year so far, molybdenum prices have risen by 35%.

Thor recently acquired the Pilot Mountain tungsten project in western Nevada with a compliant resource of 6.8Mt grading 0.31% WO3 (tungsten) and last week raised £0.6mln gross to finalise an upgraded DFS for Molyhil. Including these, the house broker estimates an indicative equity value for the company of £25.3mln, equivalent to 0.91p/share. “Speculative buy” is its rating.

Alex 36 - 28 Aug 2014 22:42 - 2 of 16

davyboy

This could be a decent little punt,i was reading some mining industry reports the other day and one thing that stood out was that tungsten is now seen as a safe haven for many of the big miners and the tungsten market in general is doing far better than most others in the sector.I see this has a current market cap of just £3m so this could easy make some nice gains.

Thor ceo Mick Billing gave a recent interview that is well worth a look.

http://www.finnewsnetwork.com.au/archives/finance_news_network77641.html

davyboy - 29 Aug 2014 11:04 - 3 of 16

Hi alex - i agree with your comments and think you might even see a bid approach
on this company at some point.I think this will be back over 0.20p in the next week
or two and build from there.I will be adding more :-)

skyhigh - 29 Aug 2014 21:39 - 4 of 16

bought in a few months ago ... this could do well over the coming months! GLA!

davyboy - 30 Aug 2014 10:41 - 5 of 16

Hi Skyhigh - yes i think Thor have a very good chance indeed of making real progress
from here.Reading between the lines of the company,s recent statements i sense they
have been given the green light by either a potential Jv partner or some sort of
institutional backer to get this upgraded Dfs prepared (for a pending deal ).

I have been looking for some time for a real undervalued tungsten play,and Thor ticks
all my boxes.They also have a solid gold asset that has some good numbers and that
recent new tungsten aquisition in nevada thrown in for free.Could easy see this at
three times the current price by the end of the year in my opinion.

Alex 36 - 31 Aug 2014 10:21 - 6 of 16

davyboy

I think this one will soon be hitting a few radar screens,there is no doubt that the Ceo has been approached to do some sort of deal on Molyhill and it is going to happen in the next few weeks.Is connected with this remodelled "DFS" imvho.

davyboy - 31 Aug 2014 22:11 - 7 of 16

Alex - that did cross my mind too after reading that interview with the ceo :-)

Anders - 01 Sep 2014 10:10 - 8 of 16

I will be having some of these !

davyboy - 01 Sep 2014 11:43 - 9 of 16

Anders - i think Thor could be a very good bet and there is major news due during
the next few weeks on that upgraded Dfs study at Molyhill.

Alex 36 - 01 Sep 2014 14:55 - 10 of 16

davyboy

I am very tempted to put another £20k in thor !

skyhigh - 02 Oct 2014 21:47 - 11 of 16

I'm still in and have topped up recently. sp consolidating nicely

Robbie C - 23 Apr 2015 19:28 - 12 of 16

Nice looking chart here and a classic strong bounce off low volume in progress,this should test 0.13p in the next few weeks.Just looking at the recent update and it seems they are in detailed discussions with potential partners for the tungsten play so any news on that and this will 3 or 4 bag quickly.

Mack R - 24 Apr 2015 10:52 - 13 of 16

Chinese lifting export tariffs on tungsten ?

skyhigh - 26 Apr 2015 18:10 - 14 of 16

I'm back in ! let's hope for some substantial progress this time

Bullshare - 19 Mar 2018 11:48 - 15 of 16

Are you looking for new companies to invest in? Come to the Shares and AJ Bell Investor Evening in London on Wednesday 21 March 2018. Directors will present their plans for 2018 and you will also have the opportunity to talk directly to these directors and put forward your questions.

ThinCats are one of the pioneers of the peer-to-peer business lending industry; specialising in loans with security and linking retail and institutional investors directly with established business borrowers to provide a serious alternative to high street banks. The company was founded in the aftermath of the global financial crisis, with the aim of offering loans to UK businesses struggling to access funding through traditional channels, whilst providing investors with attractive rates of interest unavailable through many conventional investment portfolios.

Trafalgar New Homes Plc (TRAF) is the holding company of Combe Bank Homes, a successful residential property developer operating in the southeast of England. The founders of Combe Bank Homes have a long track record of developing new and refurbished homes, principally in Kent. The Company's focus is on the select acquisition of land for residential property development. The Company outsources all development activities, for example the obtaining of planning permission, design and construction, and uses fixed price build contracts, enabling it to tightly control its development and overhead costs.

Thor Mining Plc (THR) is a resources company quoted on the AIM Marketand on ASX in Australia. Thor holds 100% of the advanced Molyhil tungsten project in the Northern Territory of Australia, for which an updated feasibility study in 2015 suggested attractive returns. Thor also holds 100% of the Pilot Mountain tungsten project in Nevada USA which has a JORC 2012 Indicated Resources Estimate on 1 of the 4 known deposits. Thor is also acquiring up to a 60% interest Australian copper development company Environmental Copper Recovery SA Pty Ltd, which in turn holds rights to earn up to a 75% interest in the mineral rights and claims over the portion of the historic Kapunda copper mine in South Australia recoverable by way of in situ recovery.

Walls & Futures REIT plc provides homes for some of the most vulnerable people in society.

They strive to make a difference by delivering homes that are adapted to meet the needs of each individual, enabling them to lead more fulfilling lives.They are currently focused on delivering Supported Housing for people with a range of disabilities including autism, learning and physical disabilities and mental health needs. Collaborating with our customers and strategic partners we design, fund, build and deliver quality homes throughout the UK.

They are building a portfolio of high yielding residential properties let on long term leases, with rents increasing in line with inflation, to quality tenants including charities and housing associations. Their financial target is to deliver a long-term annual net return of 7-9% of which 3-4% will be paid in the form of a dividend.

Walls & Futures is a Real Estate Investment Trust (REIT) quoted on the NEX Exchange Growth Exchange and a member of the Social Stock Exchange.

Who Should Attend?

The evening is a perfect opportunity for existing shareholders or potential investors to hear from those that matter, the directors running the companies and fund managers managing their fund. Who better to explain the future potential and strategy.

Date:

Wednesday 21 March 2018

Venue:

Novotel Tower Bridge, London EC3N 2NR, 10 Pepys Street, London, EC3N 2NR

Event Timings:

18.00		Registration and coffee
18.30		Presentations • Stewart Cazier, Head of Retail - ThinCats • Michael Billing, Executive Chairman & CEO - Thor Mining (THR) • Joe McTaggart, CEO - Walls & Futures (WAFR)
20.30		Drinks reception and canapés
21.30		Close

ThinCats

ThinCats is one of the pioneers of the peer-to-peer business lending industry; specialising in loans with security and linking retail and institutional investors directly with established business borrowers to provide an alternative to high street banks.

The company was founded in the aftermath of the global financial crisis, with the aim of offering loans to UK businesses struggling to access funding through traditional channels, whilst providing investors with attractive rates of interest unavailable through many conventional investment portfolios.

A key element of the ThinCats ethos has always been to avoid the algorithm-led decision making often used by banks; the founders were keen to hear the stories behind the borrowers’ investment needs, and assess each one based on its merits. The company continues to work in this way, harnessing the knowledge of financial experts to assess each loan application, thereby encouraging growth, development and innovation in UK business.

Thor Mining (THR)

Thor Mining is a resources company quoted on the AIM Market and on ASX in Australia. Thor holds 100% of the advanced Molyhil tungsten project in the Northern Territory of Australia, for which an updated feasibility study in 2015 suggested attractive returns. Thor also holds 100% of the Pilot Mountain tungsten project in Nevada USA which has a JORC 2012 Indicated Resources Estimate on one of the four known deposits. Thor is also acquiring up to a 60% interest in Australian copper development company Environmental Copper Recovery SA Pty Ltd, which in turn holds rights to earn up to a 75% interest in the mineral rights and claims over the portion of the historic Kapunda copper mine in South Australia recoverable by way of in-situ recovery.

Trafalgar New Homes (TRAF)

Trafalgar New Homes is a public limited company whose shares are quoted on the London Stock Exchange AIM Market.

Combe Bank Homes Ltd is a wholly owned trading subsidiary, which was established in 2006, and is a successful regional property developer based in Kent.

Its management has a track record of many years’ experience in undertaking new and refurbished residential property projects in South East England.

Walls & Futures (WAFR)

Walls & Futures REIT plc provides homes for some of the most vulnerable people in society.