id love to hope that my post on the 18th had something to do
to get some action out on molyhil but we surely couldn't be so lucky otherwise we would all be posting if that's all it takes to get more action and announcemnts
this announcement this morning was obviously put with a positive spin on proceedings to make us unhappy shareholders quiet and happier but once again in the fine print, we once again, once again, get told the cold hard facts behind proceedings as to difficulties in obtaining finance which management have failed to tell us about- its this find of open communication that I believe us shareholders deserve to know instead of finding it hidden in announcements that is trying to persuade us to brighter options -
1st we found out the reason why we took so long to finding an offtake partner hidden in an announcement- that announcement told us than and only than that the reason why offtake partners were not buying into our final product due to too many impurities in our product and that is the reason why we have been aggressively looking to purify our final product and now this morning announcement finally tells us in a roundabout way why it has been so hard to obtain project finance
Mr Mick Billing, Executive Chairman of Thor Mining:
“This is positive news for Molyhil. The feedback from the 2012 DFS showed that the short mine life is an impediment to securing project finance.
Regretfully I am heavily invested into thor mining much higher than the lowly 0.004 we currently sit at, but if I wasn't id be seriously contemplating my position in the company- I cant help but think that maybe if there was more open communication to the market than maybe we would be a chance of finding our shareprice higher than where we are at today -
Would it of been that hard to put out an announcement sooner to inform us loyal shareholders why it has been so lengthy and difficult to obtain finance for so long (offtake agreement for molyhill announced 16/10/2014 subject to project finance)and yet today hidden in another announcement we get told the truth for the delay in obtaining project finance 6 mnths later - this seriously just IS NOT good enough - 6 mnths to throw into an announcement that due to the short mine life, we are unable to obtain project finance - excuse if I am really angry, but I didn't invest in thor mining to be taken for a ride and only told what management wanted me to know when they wanted to- the asx is supposed to be an open platform of communication. And if that is the case, why has it taken 6 months to now tell us the real reason why molyhil isn't " as good as it gets" as once earmarked by our md ?
http://www.google.com.au/url?sa=t&rct=j&q=&esrc=s&frm=1&source=web&cd=5&cad=rja&uact=8&ved=0CEMQqQIwBA&url=http%3A%2F%2Fwww.finnewsnetwork.com.au%2FCompanyReports%2FThor-Mining%2F20140423%2FThor-Mining-PLC%2C-Process-Improvements-%257C%257C%257C%257C26-13%257C%257C%257C%257C-Cost-Reductions-Boost-Molyhil-Tungsten-Project&ei=UCRXU43hEoPzkAXXvIGwBg&usg=AFQjCNHmXvFhzJcjHJ_PV9FK3n6CjUpknA&sig2=yBY52fRX4BJQQaewx20Ktg&bvm=bv.65177938,d.dGI
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