Australian (ASX) Stock Market Forum

THR - Thor Energy

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Ran for the hills today and took the 85% profit.
For no other reason other than to lock in the open profit... and was holding a larger position than comfortable with. I may consider putting a smaller portion back on, however, I still have no explanation as why the rise.
The buying up has been majority on open, which is a situation I'm not familiar with.
Am still intrigued with what's occurred, ticking up like clockwork...
o_O
 
frugal.rock said:
Ran for the hills today and took the 85% profit.
For no other reason other than to lock in the open profit... and was holding a larger position than comfortable with. I may consider putting a smaller portion back on, however, I still have no explanation as why the rise.
The buying up has been majority on open, which is a situation I'm not familiar with.
Am still intrigued with what's occurred, ticking up like clockwork...
o_O
Click to expand...
Just count the chooks - not how they were hatched :) congrats. You have the nerve. I did not nor have. Some times knowing too much on a subject can be dangerous. You can not then gamble. With no disrespect - it says, the wise man said it can not be done and fool did it (Because the fool did not know that it can not be done). Just metaphor - I am a fool and never learnt to make money:)
 
Miner said:
Just count the chooks - not how they were hatched :) congrats. You have the nerve. I did not nor have. Some times knowing too much on a subject can be dangerous. You can not then gamble. With no disrespect - it says, the wise man said it can not be done and fool did it (Because the fool did not know that it can not be done). Just metaphor - I am a fool and never learnt to make money:)
Click to expand...
I knew I was running a risk larger than comfortable with, but the entry was a bit of FA but mostly TA. (Around 24th June I believe)

Have noticed that alot of speccie stocks are attracting the money (not just the dumb money) and many suffered from the March covid shock and seemingly are ripe for recoveries as long as the TA shows it and theres a whiff of FA potential...
Strange days, but am capitalising whilst the sun shines...
Cheers Miner.
 
For those interested, Thor is on the move again. Will post some chart's tonight.
frugal.rock said:
Ran for the hills today and took the 85% profit.
For no other reason other than to lock in the open profit... and was holding a larger position than comfortable with. I may consider putting a smaller portion back on, however, I still have no explanation as why the rise.
The buying up has been majority on open, which is a situation I'm not familiar with.
Am still intrigued with what's occurred, ticking up like clockwork...
o_O
Click to expand...
Have entered again using approximately half of previous trade profit. Entry at 0.009 based on TA and previous FA.
Again, it's ticking up without any news, however, hopefully no news is good news and when or if good news arises, am expecting a healthy pop.
Cheers.
Edit, currently 33% up, buying at $0.012.
 
Chart.
Forgot to get back. Have had another small order in on 0.009 for a few days now.
Not sure if it will fill before prospective anticipated rise.
Hoping to beat the early June trade above.
Still waiting on the "too hot to handle" uranium results from the equipped lab....;)
Screenshot_20200826-010923.png
 
Just announced.
PILBARA GOLDFIELDS RAGGED RANGE PROJECT OUTSTANDING GOLD ASSAY RESULTS FROM FOLLOW-UP SAMPLING
The directors of Thor Mining Plc (“Thor”) (AIM, ASX: THR) are pleased to advise assays from the latest stream sediment sampling program substantially exceeded management expectations at the 100% owned Pilbara Goldfield tenements, to be called Ragged Range (E46/1262 and E46/1190), in Western Australia.


Highlights:
• Assay results from 2020 detail sampling support and extend from two 2019 test sites defining a 3 x 1-kilometre zone of highly anomalous gold.
• Sampling results have now defined an overall broader target zone of 13 x 1 km of highly anomalous gold, demonstrating the potential to host a significant gold bearing system.
• Samples defining the 13km gold target zone are from separate drainage catchments supporting the potential of gold mineralisation along the entire strike
length.
• Next steps to commence immediately include; further mapping, stream sediment and soil sampling, and a detailed aeromagnetic survey
 
Have re-entered Thor with a small position.
Price has been steadily moving again.
I believe I am still waiting on the assay results of the "too hot to handle" yellow cake.
Am planning on a 3 month trade play, see where we're at.
Of course, if it pops, plans change.
Cheers.
 
A 6 month catch up chart.
Hoping it picks up some attention and momentum, however moving nicely as is on low volume.
Note, today's movement has broken the high at June 1st.

Screenshot_20200921-111719.png
 
Announced today.

RECEIPT OF A$173,000 RESEARCH & DEVELOPMENT TAX INCENTIVE

The directors of Thor Mining Plc (“Thor”) (AIM, ASX: THR) are pleased to advise receipt of A$173,717 by way of a Research & Development Tax Incentive refund from the
Australian Government, Department of Industry, Innovation and Science.

The refund covers the portion of Thor expenditure during the 2019/20 fiscal year devoted to eligible research activities on Australian projects.

Mick Billing, Executive Chairman of Thor Mining, commented:

“We are very pleased to have our cash position boosted by this R & D refund.”

“Thor Mining is entering a period of very active work at our Ragged Range gold project, and also with scheduled gold drilling at the Kapunda copper project, and uranium drilling in the USA.

These funds, along with those from the recently announced placing of just over £1.0million will be utilised on those projects, with regular newsflow expected.”
 
So how do you feel about this one frugal? The long term chart looks very worrying.
 
Not my job to feel. I ignore what I feel as it's pointless.
I trade (also full time).
If FA and a 6 month chart doesn't stir any interest, well, I'm all out of answers.

peter2 said:
Looks like I'll have to cancel my limit buy at 0.014.
Click to expand...
If P2 had/has an interest in this stock, what more can I say.
He is arguably one of the most consistently profitable traders on ASF with around 20 years experience.

If I ever need bias confirmation on a stock, the fact that P2 has some interest in it satisfies my bias.
(I only have around 3000 trades of experience...)
 
Many of them do....
I take it with a grain of salt.
To me, it shows a stock may have potential if it hasn't died a miserable death.
Of course, one has to determine risk appetite and possible death throws.
Thus my shallow FA interest also.
Is it walk or talk?
Things need to correlate without being fishy or smelly in any regard.
In any case, I was in the 17th on $0.015, out today on .019
Done and dusted.
I'm not the watch the paint dry type, unless that's the trade plan.
 
Have re-entered on 0.017 for the reasons below and I am liking the chart again, tentatively.

The Survey is being flown by MAGSPEC Airborne Surveys Pty Ltd on a 50m traverse spacing, with flight lines perpendicular to prospective stratigraphic and structural controls in the area.

All from announcement on
6th October, 2020

The survey is anticipated to take approximately 6 days, with Thor
anticipating processed and modelled data for release early November.

Mick Billing, Executive Chairman of Thor Mining, commented:
“Drilling for gold mineralisation at Ragged Range is a key near term objective for Thor, and identified as a priority in the recent capital raising”
“This airborne magnetic survey, along with the sampling program, also to be conducted during October, is an important part of the process towards selection of targets for drill
testing.“
 
54% run today. Lol. That's nuts.

You're not talking to yourself, I'm still eyeballing it.
 
Not a peep out of ASX on Thor's unusual run up last Wednesday.
The whole situation was quite bizarre.... the volume makes a mockery of previous volumes...

Screenshot_20201026-213558.png
 

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