weekly fa and ta

  1. 1,418 Posts.
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    just put up our thr in freeholds weekly fa and ta note over on the short term trading thread if anyone is interested on having a little read -

    "free hold i have one for you and your pals on this thread

    THR- Thor Mining

    -Exciting short term dfs for their very lucrative molyhill project overdue and interest seem to be building-
    -Only weeks ago, was able to push through the low 3's to hit intraday 3.4cnts- since profit takers and t3's has sold them down to 2.7c-2.8c but seems to have found a short term resistance level at 2.6 cnts which is pretty predictable assuming that warrants that will come due soon are convertible on or before the expiry date, 25 March 2012 at an exercise price of 2.625 cents per warrant. With this new, Ill bee expecting a change of substntial holder notice in the wek to come which could show some more trength and confidence iin upcoming trading periods- Furthermore, the fact that directors of this company converted their 2.625 cnt options on jan 16 when the shareprice was sitting at 1.7 cnts proves the confidence by the board that this share is undeervalued -

    Short term the molyhill dfs is what many are expecting to drive this shareprice further - and a positive dfs which has been alluded to by the company should then lead to further favourble offtake agreements and finance options which will lead the share price further but keep in mind that the sleeper of this company at the moment is that many are not factoring in the fact that the company currently holds a JORC of 274,000 oz gold at its Spring Hill Gold project in NT. The 274,000oz JORC is far from over as the company short term expects to complete deeper drilling at Spring Hills to uncover what they believe could be more gold bearing structures below- similar to the characteristics of Newmont's Callie project not far from this project which hosts a 5 million oz gold project.

    The Tanami region is known for holding bigger gold bearing structures below the 150m which has been drilled to date at Spring Hills and IMHO thats the sleeper of this company which will prove lucrative for this small cap should she be able to prove a greater gold bearing structure below- Thor Mining is definantly one that is set for a serious re-rate should a expected favourable DFS for molyhill prove to be more profitable than its previous dfs completed years ago. In conclusion what many should be aware of is that Tungsten is the main game changer that this stock has in its suite of assets at Molyhill- a required mineral resource which is experiencing a short term-longer term supply deficiet with China moving from a net exporter of this rare material to becoming a net importeer of this required mineral in many industrial uses- Dont underestimate what a favourable DFS could do to Thor Mining with many uses of Tungsten keeping a close eye for this DFS to secure supply requirements for a depleting supply of this metal -

    Market Cap- under $20M
    Share Price close of 0.028cnts
    Short Term - Trading opportunity exists with a favourable DFS overdue to prove that Molyhill is more profitable than its last DFS- taking note that the price of tungsten has almost doubled since its last dfs with supply deficits increasing as China moves from a net exporter of tungsten to a net importer - "
 
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(20min delay)
Last
0.9¢
Change
0.000(0.00%)
Mkt cap ! $6.397M
Open High Low Value Volume
0.9¢ 0.9¢ 0.9¢ $261 28.95K

Buyers (Bids)

No. Vol. Price($)
6 1607764 0.9¢
 

Sellers (Offers)

Price($) Vol. No.
1.0¢ 226928 4
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Last trade - 10.05am 27/06/2025 (20 minute delay) ?
THR (ASX) Chart
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