So once this tranche of money runs out, where is the next lot of funds coming from? The share placement was a bit of a flop, probably reflecting the current economic climate and also the stark reality that many shareholders have pumped a lot of cash into this company already only to see their investment down 80% to 90%. Why would shareholders put more on the line?
I think we've exhausted all topics of discussion on this mob. Half way through the year and still nothing of significance related to Molyhil, presumably the flagship of the asset portfolio. Is anyone interested in Molyhil? If it was that attractive then where are the partners? Is there still a problem with the quality of the concentrates, which we have only just found out about by the way? How long has this issue been known and why did we just find out about it?
Is it possible they will have to sell off Dundas to raise more money, thereby reducing further Thor's ability to generate future wealth for it's shareholders?
So back to Molyhil...This will be the true test of management and a true test of how this asset is perceived by potential partners. We've heard the talk, now we want action.
I'll ask again, how will you feel come December 2013 if there is still no offtake for Molyhil? We are already half way through 2013. Who would have thought at the start of the year we would still be wondering what's happening with Molyhil in June?
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