The metals andminerals the director has focussed on have not been in vogue over the last 5 or 6 years hence this performing badly, except for gold and he sold SpringHill few years back for $3.5m. Money is flooding back into junior miners as it cycles out of other sectors e.g O&G. Over the last couple years we've seen rumblings of a shift towards domestic prodution of crtical/rare earth minerals particulary from the US driven by a desire by be less dependant on China and to limit national security risk. These desires were really coming into the forefront end of last year and the COVID19 situation has now masively accelerated it. I posted a load of links in another thread here the other day. As well as that, Australia are part of the Energy Resource Governance Initiative (ERGI) initiative with America and THR's Molyhill is listed on an official govenment document for critical minerals. So it's not just the US projects that are likley to see interest rising in them.
https://www.state.gov/u-s-convenes-a-multilateral-meeting-on-energy-resource-governance-initiative-ergi/
https://www.mining.com/us-steps-up-efforts-to-limit-chinas-control-of-critical-minerals/
The global picture and demand for the metals and minerlas that THR has focussed are appear to coming into high demand so it looks to me that after years of pain, THR is now looking like being perfectly positioned for the global focus and demand of these metals and minerals. Over the course of the next year or so you might just find that the Director here was correct and had the correct foresight into global demand however he and many investors may have been a bit early.
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- ASX - By Stock
- 24 October 2014
The metals andminerals the director has focussed on have not...
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