Yep, it seems we all saw this coming...250k raised...over half of which came from director purchases...welcome to the club guys...immediate 20% paper loss! Nice one, i feel your pain...no really...for over 2 years now...I hope for you & all investors things get better than this...
So what can we deduce from this episode?
Management have unfortunate............................... timing?
Directors are as good/dumb as us PI’s when it comes to investing?
Options narrow from here...but Thor does have good, seemingly saleable assets...anyone see asset sale or JV or buy out here?
Difficult to see where short term good news will emanate from with such limited funds?
Dundas – stuffed, no money to explore & we’ve missed the March deadline to increase equity...
Spring Hill – little funds to improve resource, years from producing...
Molyhill – again little funds to improve resource, no take off agreement in sight...
Oh well, what doesn’t kill you might make you stronger...but it will still hurt like hell...
Gla
MT
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