Sugardante, sorry to hear about your loss. If it's any consolation to you I'm down 97%! Whilst Thor was always a speculative investment, I bought pre-GFC based based upon their ground especially Molyhill. I appreciate that the last few years has been tough for junior explorers, however, those with good management teams have been able to hang in there and grow shareholder value.
For me, Thor's strategy is just not clear with Minecraft Mick (MM) not being able to communicate a clear strategy to the market, shareholders, potential investors etc, so the share price just keeps plummeting. Indeed, we seem to be all over the place like a "dog's breakfast "...a bit of focus on "as good as its gets" Molyhill, then a bit of drilling and talking about mining at Springhill, Dundas and more recently the (dubious) purchase of Pilot Mountain from Blackfire Minerals.
As an aside, I just can't understand why MM sold off Dundas for virtually nothing when SIR are currently drilling nearby and the area could possibly really hot up. Fair enough if someone wanted to pay us mega bucks for the tenenment, however, we gave it away. For me, Dundas was the only bit of potential life left in Thor
I appreciate you want to avoid putting all your eggs in the one basket from a risk perspective and it's easy to be critical from outside the organisation. Nevertheless, MM needs clearly outline his strategy to the market and most importantly start to deliver. By any assessment, MM and the Thor board have failed, unless their KPI was increasing the number of THR shares on offer!!. What about reducing their salaries to decrease admin costs and/or tipping in some of their own $ as a show of confidence in the company, as other directors of small resources stock have been doing/are doing to get through the recent tough times
The continually just around the corner Molyhill funding and near term mining is just vacuous marketing spin - the market knows it and potential equity investors know it. What's the defintion of insanity?...keep doing the same thing over and over again and expecting a different result. It's time to change a few things MM, the long suffering shareholders don't have much more to lose at 0.3 cents. Time for MM to step down and give some else a go. MM can focus on his video games at Blackfire. Unfortunately, based upon recent history, I can't see anything changing aside from a 0.1 cent share price and a share consolidation in the near future. I'd be happy to be proven wrong. Alas, Thor is just a tax loss for me now to offset against some capital gains.
THR Price at posting:
0.3¢ Sentiment: Sell Disclosure: Held
