THR 0.00% 1.6¢ thor energy plc

funding facility, page-20

  1. 2,871 Posts.
    They need to drill the sh*t out of Dundas to lift themselves out of the doldrums. The market likes surprises. Molyhil and Spring Hill are known quantities. There is nothing new to add there. Dundas is the unknown joker in the pack. Drilling in the Fraser Range is hot at the moment. I am gobsmacked that more has not been done at Dundas. I long for the day when I see an announcement that includes the words 'Massive Sulphides discovered at Dundas.

    It seems that the $1 million will be used at Molyhil and Spring Hill only. Hopefully Mr Billing is close with an offtake agreement for Molyhil. I can't find a reason to justify any more spending at Molyhil unless an offtake partner was close. Same with Spring Hill.

    I also hope they curb their admin spending for the next few quarters otherwise this will be more money raised just to pay their wages.
 
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