...is that the sale of spring hill is a good thing for Thor mining shareholders and that there will be cash in the bank and a revenue stream from spring hill... pure pie in the sky 100% fantasy based bullsh*t....
Reality...
Spring hill sale is bad for shareholders - depressed gold price = naff price paid. All MB had to do here was hire some trucks and load up with the gold nuggets and get it processed at crocodile gold plant 10 mins down the road. sssheeeesh even david beckham could have managed that...
money in the bank...ha ha ha...don't forget MB has a loan secured on spring hill for 1.2m A$....he gets 1.5m A$ from spring hill sale...so he's got 300K....we might get another Molyhill dfs for that....but i suspect MB will simply p*ss it away on his expenses...
revenue stream....ha ha ha....spring hill has been bought by an 'asset hoarding' bank...it will NOT go into production anytime soon...they will sit on it until a buyer comes along...that will not happen until gold price makes it viable...
I am sorry for shattering any illusions....but I expect the same same here...more 3b, 5b, 24 carat billing B....down the road MB will pump up dundas and sell....he will pump pilot mountain and sell....he will keep his gravy train going for as long as he can....& sad to say...i think he will get away with it...
MT
THR Price at posting:
0.1¢ Sentiment: None Disclosure: Held
