THR - Thor Energy

[skyQuake]

LSE announcement 30 minutes ago: Thor have found promising Gold and copper values at their drilling of the Dundas Project in WA. The shares rose 22% on the announcement.
See LSE ann at 11.42am London time.
[London does not have trading halts for anns]

Pump and dump? Back to b/e

Seems like a decent announcement though??

EDIT: Gold mineralization seems a bit low.

 

[noirua]

LSE announcement 30 minutes ago: Thor have found promising Gold and copper values at their drilling of the Dundas Project in WA. The shares rose 22% on the announcement.
See LSE ann at 11.42am London time.
[London does not have trading halts for anns]

Fortunately I invest in Aus and trade in London on AIM so I held this stock in London and sold out before the top as usual.
What happenned after I returned from posting here and looked up the price screen showed once again how this AIM market goes, the stock in fact closed down 19%.

The announcement came quite unexpectedly during trading and in came the pumpers and dumped quickly as these are only preliminary drill results and nothing very special.

Anyone fast asleep in Aus failed to see the results and even in London it mean't acting very quickly. ALL VERY UNSATISFACTORY AND BADLY NEEDS LOOKING INTO!

"Gold mineralisation a bit low", You got it in one skyQuake.

 

[Chasero]

DFS delayed.

SP being belted atm.

These delays ahh!

It's the buy the rumour sell the news story all over again.

Similar to buy AGS while mining license was rumoured to come up. AGS up to 55c. Mining license granted 2 months later and AGS is only at 37c.

Again with PRR with the patent + US Listing overreaction... I am beginning to understand how the sharemarket works now. Rumour is always > News.

I think a similar thing is going to happen to THR unfortunately.. depending on how good the DFS is.

 

[skc]

DFS delayed.

SP being belted atm.

These delays ahh!

It's the buy the rumour sell the news story all over again.

Similar to buy AGS while mining license was rumoured to come up. AGS up to 55c. Mining license granted 2 months later and AGS is only at 37c.

Again with PRR with the patent + US Listing overreaction... I am beginning to understand how the sharemarket works now. Rumour is always > News.

I think a similar thing is going to happen to THR unfortunately.. depending on how good the DFS is.

Observations lead to learning. Well done.

Rumour isn't always greater than news. But for stocks that are speculative (i.e. stocks that depend mostly on uncertain outcome of newsflow rather than quarterly earnings), buying rumour and selling before news will give you a higher win rate.

Holding on for news will see you lose more often than not, although the occassional winner (1 in 25?) may be a multi-bagger (if you do hold on).

Stop loss, research and objectivity are your best friends.

 

[springhill]

Hey! Thor Mining! WTF do you think you are doing to me you mongrels?!?

Commencement of Spring Hill Drilling Program

The 2012 drilling program to test gold mineralised options has been commenced by Thor Mining at Spring Hill.
-There is no gold where you are drilling, I swear!

The new program is planned for approximately 2,350 metres. OUCH!

• Potential satellite targets within Spring Hill
• Callie style mineralisation at depth
-Doesn't this contravene some UN convention?

The program is expected to be complete by the end of August. Crikey!
-You are going to have to share with the alien @nal probers then, they are due mid-August!

A high resolution helicopter based magnetic (Helimag) survey has been commissioned over Spring Hill
-I thought that was a Channel 7 chopper

Thor Mining acquired a 25% interest in Spring Hill from Western Desert Resources Limited last August, along with rights to increase that interest to 80%.
- Yeah just pass me around like a cheap wh0re, you didn't even buy me dinner WDR.

It is envisaged that by the end of this drilling program, Thor will have satisfied.....
- Bet you don't call me the morning after! You never do! :frown:

Discovered around 1880, Spring Hill....
- How rude, I know I spend some time in the sun, but i'm only 34

Several additional occurrences have been identified in adjoining areas. These are scheduled for testing during the 2012 drilling season.
- You leave the rest of my family out of this!

This is all legit peoples, YOU could be next!
http://www.asx.com.au/asxpdf/20120706/pdf/4278qvfzzm1ldb.pdf

 

[springhill]

Positive Initial Drilling Results - Spring Hill Gold Project (NT)

Initial assay results of up to 12 grams per tonne gold have been reported for the new 2012 drilling program for Thor Mining Spring Hill gold project south of Darwin in Australia’s Northern Territory.
The assays are from only the beginning of the drillholes – part of a three pronged approach by Thor in 2012 to test different gold resource options presenting at Spring Hill.
The results, tabulated below, are from near surface Reverse Circulation (RC) pre-collar portions of the holes, all of which are being extended by diamond drilling, and include the following highlights:
• SHDD008A 11.0m @ 5.1 grams/tonne (g/t) gold (Au) from 65 metres
including
6.0m @ 10.2g/t Au from 66.0m
• SHDD011 59.0m @ 1.4g/t Au from 1.0m
including
1.0m @ 12.4g/t Au from 51.0m
26.0m @ 0.7g/t Au from 71.0m
• SHDD012 5.0m @ 0.6g/t Au from 59.0m

 

[mr. jeff]

SH you have been religiously updating threads lately, thanks for that; however I think you may have been posting whilst drunk and perhaps made the mistake of thinking you were a hill. It happens.

Anyway, those initial are quite promising and I am looking forward to seeing what is deeper. Time will tell.

 

[springhill]

SH you have been religiously updating threads lately, thanks for that; however I think you may have been posting whilst drunk and perhaps made the mistake of thinking you were a hill. It happens.

Anyway, those initial are quite promising and I am looking forward to seeing what is deeper. Time will tell.

I do take pain killers for my back, which may explain several dubious posts.....

I have not looked at the capital structure of Thor yet, so will reserve opinion until I do.

 

[springhill]

New drill results extend depth of gold mineralisation at Thor’s Spring Hill Gold Project (NT)

Highlights include:
• SHDD008B
-8.4m at 1.47 grams/tonne (g/t) gold (Au) from 189.5m including: 0.5m at 5.45 g/t Au from 189.5m and: 0.25m at 22.73 g/t Au from 193.0m
-3.0m at 4.70g/t Au from 217.8m including: 0.6m at 22.1 g/t Au from 219m
-39.7m at 0.49 g/t Au from 326.2m
• SHDD010
-7.0m at 2.34 g/t Au from 385m including: 1.0m at 12.73 g/t Au from 387m
-21.0m at 1.02 g/t Au from 397m including: 3.0m at 4.08 g/t Au from 404m and: 1.0m at 2.12 g/t Au from 417m

Latest higher grade results confirm gold mineralisation extension to Thor’s Spring Hill Gold Project (NT)

• SHDD012 46.7m at 2.4 grams per tonne (g/t) gold (Au) from 300.6m
Hong Kong lode including: 9.4m at 2.9 g/t Au from 313m and: 4.0m at 7.6 g/t Au from 337m
• SHDD010 30.2 m at 2.7 g/t Au from 145.3m
Mineralised zone to east of Hong Kong: including: 2.7m at 17.7 g/t Au from 145.3m and: 5.0m at 4.9 g/t Au from172m

 

[greggles]

Thor Mining has been looking good recently. Its share price has doubled in the last couple of weeks from 1.4c to 3c. Don't know much about this one, but it's certainly headed in right direction.

One to watch perhaps.

 

[noirua]

Maybe one to take a look at after falling back by about 45% from highs. Quoted on ASX and London's AIM market.

 

[frugal.rock]

Have to wait & see what comes out of this one.
Sample assay "results expected to be available later this month"

ASX Announcement 16th June, 2020

Entry for the July competition if it gets its nose above the 1 cent mark.

 

[frugal.rock]

Noticed some quiet buying strength on Friday. Someone wants in?
Volume from late may suggests that the show is only just starting. Possibly a long term trend reversal, possibly a dog.
I guess all depends on the assay results expected soon for the "radioactivity" assays sent to the next level labs.
Hopefully not a (oww) chihuahua..

 

[frugal.rock]

Quietly building support. Seller's nearly done.
Anticipating a run soon enough.
DYOR

 

[frugal.rock]

More interesting news.
Visible gold in pan results, assays pending.
Might be worth a bit of research?
@Miner may shed some expertise on the various activities and their prospects?
Friday (yesterday) saw some modest price action and volume from announcement, and the tide is clearly changing slowly as of 1/6/20 thereabouts, indicating a "Manhattan" skyline as tech/a describes.
(Maybe a low-rise skyline in this case, but Manhattan style volume when considering average volumes...)

Was up 28.6% at one stage yesterday to close flat.
Interesting me thinks.
6 month chart. Last bar bullish and flat.

 

[Miner]

More interesting news.
Visible gold in pan results, assays pending.
Might be worth a bit of research?
@Miner may shed some expertise on the various activities and their prospects?
Friday (yesterday) saw some modest price action and volume from announcement, and the tide is clearly changing slowly as of 1/6/20 thereabouts, indicating a "Manhattan" skyline as tech/a describes.
(Maybe a low-rise skyline in this case, but Manhattan style volume when considering average volumes...)

Was up 28.6% at one stage yesterday to close flat.
Interesting me thinks.
6 month chart. Last bar bullish and flat.

View attachment 106798

@frugal.rock Thanks for the alert.
I was not following THR for a while.
Will dig the reports and return with my comments.
Disclaimer - Does not matter i charge for paying my food bills to the clients, I am a miner and not expert in any field.

 

[Miner]

@frugal.rock Thanks for the alert.
I was not following THR for a while.
Will dig the reports and return with my comments.
Disclaimer - Does not matter i charge for paying my food bills to the clients, I am a miner and not expert in any field.

Hello @frugal.rock
I have looked into THR and noticed the stock has rocketed again with high increase and high volume apparently on the report published on 31st July about a pan gold.
Their previous uranium sample results were very good.
I am not a geologist even if have dealt with uranium (slightly) and gold (reasonably).
I do speculate and want to make money like everyone.
The high volume, market reaction on a panning gives me goosebump but also stops me to put my wages onto it. It could be a mistake but will wait.
My suspicion is someone is buying to take over or the hype is preparing for a CR.
Technically I am not excited with the gold result. But again, DYOR as it is a comment on perception only and not an advice of any kind.

 

[frugal.rock]

Here's a 1 year chart.
A wait and see case.

 

[frugal.rock]

Hello @frugal.rock
I have looked into THR and noticed the stock has rocketed again with high increase and high volume apparently on the report published on 31st July about a pan gold.
Their previous uranium sample results were very good.
I am not a geologist even if have dealt with uranium (slightly) and gold (reasonably).
I do speculate and want to make money like everyone.
The high volume, market reaction on a panning gives me goosebump but also stops me to put my wages onto it. It could be a mistake but will wait.
My suspicion is someone is buying to take over or the hype is preparing for a CR.
Technically I am not excited with the gold result. But again, DYOR as it is a comment on perception only and not an advice of any kind.

Thanks for the input Miner.

So, on FA, it's a bit of an unknown, a speculative punt perhaps, there's goosebumps there?

TA, volume growing, SP rising.
Support following. Sellers reducing.
Am happy with a 50% open profit thus far, however am now reassessing on a daily basis.
Loving a weekly discretionary plan...

 

[Miner]

Thanks for the input Miner.

So, on FA, it's a bit of an unknown, a speculative punt perhaps, there's goosebumps there?

TA, volume growing, SP rising.
Support following. Sellers reducing.
Am happy with a 50% open profit thus far, however am now reassessing on a daily basis.
Loving a weekly discretionary plan...

Mate
So long you are getting the green shoots enjoy the happy days for sure.