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.

Interesting post Fonty. Thor has now sunk three shafts into the orebody and the JORC resource calc is underway. What has happened, according to the press release is that the grade is way up (to 1% combined = about 34g/t gold equivalent) and the metallurgy is better. This will be a very nice small mine spinning off a ton of cash flow in under 12 months in my view. Add the exploration upside of the other prospects and Thor's valuation looks ridiculously cheap. One of the gems that the market has totally missed.

Have you seen the RNS today and the volume?

RNS today raising estimates for the Molyhill Project. Up 10%.

Yes and volume making Thor hit top 5 in the Volume leaders of the AIM stocks

Good for RGM too as they have a 5% holding here.

RGM out but interesting City Equities have bought the 8.2m shares. Would like to see bigger boys start investing in them soon.

fonty,

Not a good sign (IMO) as City Equities are going to push those out to punters at a nice little premium to the discounted price they paid, for a quick turn.

fonty,

Looking at the recent chart, looks like the market already knew!

Andy - yes but at least it is being traded and eyes will open from others we hope

Evening all, thinking of cashing in some GFM shares and just want to know the latest with this. Been quite on the boards recently however on my watch list as solid long play. Metal prices seam good? Anyone?

Welcome Explosive

I am going for this one as a hold for a year. The write ups are good and the stock is cheap but for some reason everyone is missing it. When they start mining 'for proper' it should go -I am optimistic.

Still on my watch list Fonty, @ 3p a share I belive this could fall further as like you say no production as of yet.

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