update from jy

Hi All,

Here is my email i sent to JY and also and update i got off the JY today.

____


Yes as they are moving the Thor office to Adelaide
I will remain non executive for the time being, I have requested that the new exec management get an up date out to market to let shareholders know what are the plans for 2009

Regards

John


Sent: Thursday, January 15, 2009 10:05 PM


Hi John,

Was this the plan for you to step aside as the CEO.

Is the plan still to pitch for funding in the new year ?

Cheers


Sent: Monday, December 01, 2008 2:20 PM



>
> I would like to ask some questions.
>
> 1) How is the funding for the moly mine going ?
>
> Of course funding is difficult, at the moment we have engaged a Sydney
> based finance advisory group, to package up allthe work we have completed
> in the last 2 years, in new fresh document and new financial model to go
> to banks early in new year
>
> 2) If the moly mine goes ahead and funding looks good, when would you look
> at going into production?
>
> It would be a minimum of 12 months from funding
>
> 3) How did the uranium sample results come back from the lab ?
>
> As we released in quarterly they were disappointing again, we have to
> rethink the Bundey area
>
> 4) Is Thor going to explore any more in the uranium sector ?
>
> Harts Rage is still promising and further work there is justified
>
> 5) How likely do you think Thor is in finding uranium ?
>
> I think funding is now an issue, for Hale Energy, we have to conserve cash
> for Molyhil
>
> 6) Will Thor have enough cash to last the coming months ?
>
> Yes we have around 1.3M cash no debt
>
> Thankyou for your enquiry
>
> Regards
>
> John Young

, December 01, 2008 11:38 AM

> Subject: Spoke to you on the phone
>
> Hi John,
>
> Thanks for being so friendly on the phone and passing on your email
> address. I am a share holder in the Thor mining.
> 50,000 shares off being in the top 20.
>
> I tried to email [email protected] but the email has bounce back.
>
> I would like to ask some questions.
> 1) How is the funding for the moly mine going ?
> 2) If the moly mine goes ahead and funding looks good, when would you look
> at going into production?
> 3) How did the uranium sample results come back from the lab ?
> 4) Is Thor going to explore any more in the uranium sector ?
> 5) How likely do you think Thor is in finding uranium ?
> 6) Will Thor have enough cash to last the coming months ?
>
>
> Thanks again for you help mate. Just a bit worried about the share price
> and where the company is going.