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Bullboard - Stock Discussion Forum Thor Explorations Ltd V.THX

Alternate Symbol(s):  THXPF

Thor Explorations Ltd. is a Canada-based mineral exploration company. The Company is engaged in the acquisition, exploration, development and production of mineral properties located in Nigeria, Senegal and Burkina Faso. It holds a 100% interest in the Segilola Gold Project located in Osun State, Nigeria and has a 70% economic interest in the Douta Gold Project located in south-eastern Senegal.... see more

TSXV:THX - Post Discussion

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Post by stockpunter2 on Jul 05, 2024 8:15pm

POG

was over $2300/oz for entire second quarter.  X 25,00 oz, that translates into an EXTRA 7.5 millionn in revenue for the quarter?  Also, first drill results were only 5% of the planned drilling, in terms of meters.
So, a bit surprising that SP is stuck at 0.26 CAN when gold is having a good day. There seems to be a big seller(s) who thinks .26-.27 is a good exit, or someone keeping a lid on it.  Thoughts?
Comment by kevinkeane on Aug 08, 2024 10:12am
https://ca.finance.yahoo.com/news/mandatory-resignation-auditor-060000677.html I think this is the issue, technical chart performed a golden crossed in early Jun but sp did not up but down with some big block changing hand.
Comment by stockpunter2 on Aug 08, 2024 6:15pm
That is possible.  One never knows what is going on inside these companies, but they had a UK auditor and they still have a listing on LSE.  I don't have the impression that it is fly-by-night in UK vs Canada/BC.  There was a recent news release about an insider buying, but I never could see it filed on insider reports.  any info on that?
Comment by stockpunter2 on Aug 08, 2024 6:29pm
Wasn't there some weird claim about lost or delayed samples sent for analysis outside Nigeria from Douha?  I gather that metallurgy can be key, with gold more easily extracted from oxide vs sulphides, for example.  That is why they emphaisize they are currently expanding the oxide component of the resource.  Maybe much of that project turns out to have questionable economics.
Comment by stockpunter2 on Aug 08, 2024 6:34pm
Finally, THX is not the only gold miner off recent highs.