THR 0.00% 1.6¢ thor energy plc

1. "INTERIM ASSAYS EXTEND SPRING HILL MINERALISATION " Says it...

  1. 1,022 Posts.
    1. "INTERIM ASSAYS EXTEND SPRING HILL MINERALISATION "

    Says it all as far as the conspiracy theories go. Interim being the word to focus on. THR have released only what they can produce in a document form to the ASX if requested at this point of time. Mike is covered by the fact that he can produce INTERIM ASSAYS. No-one can be questioned about any conversations that may have included the assays yet to come. Very well worded for a heading. And trust me, many conversations and follow up would be taking place between THR and those completing the assays.

    THOR cannot be kicked for something they havent got in front of them, nor can they produce any documentation for what is currently going through assay.

    "The results for these two holes indicate depth extension in the order of 100m to the gold mineralising system for the Hong Kong lode (figures 2 & 3). Resource estimation modelling will follow final assays to determine the grade distribution within the lode."

    The estimation of the recource may well and truly have already been verballed, not unlikely.

    Commenting, Mr Mick Billing, Executive Chairman of Thor Mining, said,

    “This is an encouraging extension to the known mineralisation at Spring Hill. While we do not have all the assays from the program and therefore cannot speculate on any possible resource extensions, it is encouraging to confirm the extensions to the mineralised system.”

    Now thats a beautiful sentence. "While we do not have all the assays from the program and therefore cannot speculate on any possible resource extensions" Sure does cover himself, as no, they dont have an assay report on paper at this time, so how could there be any speculation. Cant get pinned on a conversation denied by all parties.

    Mick is being rather blaze in his tone.
    "Drilling of the initial six holes is now complete and all samples have been dispatched for assay. Final assay results including the remaining assays for holes 9 through 12 are not expected until late September. Logging of the core has not indicated further significant veining, however not all Spring Hill mineralisation has a strong veining association."

    Doesnt sound one bit concerned. Sounded panicked on Thursday, but this release is very structured, what you would expect from a three monkeys carictature. Hear no evil, speak no evil, see no evil.

    Leaving it all to rely on the final assays. They may well be the key that unlocks the mysterious happenings over the last few days. ASX trading behaviour, and AIM trading behaviour. In re reading todays announcement, and reading it again, it really is telling us a little news, as they were required to, but they still have what may be some ACES up their sleeve. Would not surprise me.

    There is no big selling pressure apparent at this time. The sale has taken place.

    1,000,000 at 1.5 One seller.
    1,740,685 at 1.7 One seller.

    Other than those boys, no selling pressure, no pent up panic, and relitively an orderly sell bid all the way up,
    showing once again, fairly tightly held. The AIM will be interesting tonight, and the assays coming towards the end of September may well be the all important piece of the puzzle we have found ourselves in. As the day progresses, my faith is restored.
 
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