announcement out, page-3

Glad to get a progress report. Looks like some of you were way way off on the offtake agreement. In their announcement:

'With the receipt of final concentrate specifications and the updated resource due to be completed shortly, information packages have been sent to prospective off-take parties. Thor expects to be able complete off-take negotiations by the end of August 2007'

So still talking at least 2 months away, which to me would mean THR are not in final negotiations with a Japanese firm as alluded by some.

Think I'll stick to the announced facts from now on.

Positive is we can expect the updated Moly resource figure in 2 weeks. Negative is off-take agreement still seems to be a fair way off.

And Hale River, seems to be drilling issues due to complexities so many targets could not be reached. New method to be employed.

A few short-term negatives in that lot should ensure the short-term shareprice remains subdued.