It is hard to believe short sellers have not covered their positions for a couple of years.
Since the SP has been at 1c for a period of time, one would expect any open positions would be covered and profits taken.
The drop in THR's SP is simply correlated to the crash in moly prices from $40 to $15, making Molyhil unprofitable.
THR has now taken a 60% equity in a gold prospect, which according to many is very prospective.
Personally, I bought in for the Daicos REE/U play when it was announced China was stopping sale of REE to Japan. This now is no longer a question of economics or NPV but politics and national security. I read a report that samples have been taken and exceptional high grades of REE and U. But U was $46/lb then and REE is plentiful. But the situations for both are now more optimistic.
THR Price at posting:
5.4¢ Sentiment: LT Buy Disclosure: Held
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