Thor Mining ready to rake in the revenues and profits in 2018

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24th Nov '17 by lightningtiger

5 comments 3952 reads

Thor has a 50 day MA of 71.4 and a 200 day MA of 100.7. It's cash position has improved from £0.17M to £0.41M. The biggest things that sticks out is the revenues and profits estimated for 2018.
Revenues up from zero to estimated £26M.
Profits from a loss of - £1.25 to estimated profit of ££28M in 2018.
Is this a Black Friday bargain worth getting?
I currently hold a long position in this share. 7.6M shares traded so far today 12:30pm

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About the Author

Lightningtiger

Premium Member

700 club gold member. Anniversary yesterday 1/10/2013. Recently returned from New York with a wish to see Wall Street for myself as a bit of a satisfying accomplishment. I first got interested in investments when I was a financial advisor for 14 years. I learned a lot & went to quite a few investment seminars. The one I remember particularly was with Fidelity. They visited the companies that they invested in and held them for a long duration in their portfolios. The other thing was with different currencies that they could buy a particular stock with and of course sell it if it was favourable with another currency. This was potentially more risky of course. It was not long before I realised that all the money from the insurance premiums had to be invested and who was doing it. We used to sell investment bonds where 5% was allowed to be taken tax free once a year on the anniversary of the policy which could run for 20 years.There was a choice of Managed, Property, or Equity to invest into. It was at this point of time that the Property fund went up 40% in less than a year. A simple comparison with the Managed and Equity funds showed the difference. I was soon taking a keen interest in unit trusts and shares, looking for things that were going up and the highest that they had been and bought them. I bought a software package with Up-data which enabled me to be much more efficient, putting stop losses in. Drummed into my head was cut your losses and sell when a stock breached the stop loss and let the profits run. Another stepping stone was to buy myself a Rolls Royce silver shadow that was chestnut brown in colour. The reasons were threefold. 1. That I could afford it. 2. The two managers for the insurance company that I was working for were called Douglas & Rolls. 3. I was still single. As well as doing the insurance business I joined an investment club in Basingstoke and became their chairman. We closed it this year sadly because of ill health with some of the members. Now I have a portfolio that I am able to take out (if & when I want to some cash) just like the insurance bonds but much more flexible. I enjoy the technology stocks and have taken profits several times from Arm Holdings which is the only share that I have held for many years now. Having just got this Stockopedia yesterday (first saw it at an investment seminar in London earlier this year) when I noticed Dart Group (DTG) so that is now in my portfolio too. I suppose you could say I am an analyst & a chartist. It was good to see my portfolio already has Globo, , Blinks, Clingen ,Dart, Wanddisco, opay,Easyjet ,LLoyds Arm Telicom Plus(which has doubled and a bit more but then started to drop so I have just sold almost half and re invested the proceeds into ASOS.) In conclusion I hold about 20 shares, and have just INCREASED my holdings in Globo about two weeks ago, and noticed someone has reduced their holding with Globo to 3%.I hope they are not still holding the poor pawnbroker shares (guess who) -40% in one day followed by further catastrophic drop. A good case for a stoploss . Join the 700 club and put some money to work I say. more »

5 comments

lightningtiger

24th Nov '17

Just for the record Share price 2,28p with 11M trades at close of busine3ss.

lightningtiger

27th Nov '17

Momentum rank now moved up from 35 to 58. share price now 2.55p time 11:07am on 27/11/17. shares traded so far today8.6M.

lightningtiger

30th Jan '18

With Metal Tiger providing extra finance for Thor the share price is now cutting new highs @ 3.75P which makes it up about 500% in a year and a great start to this year

lightningtiger

9th Feb '18

Taken some profit since first purchased @ 1.99p & sold @3.99p, not quite 100% but near enough.

Thanks Stockopedia MA's 50day 37.7% 200day 166.2%. Should be more to come!

Faverolle

20th May '21

I have recently invested in this stock. I have today been advised to buy more shares as the price is likely to soar to the 4.00 pence mark as it did in the past. Have I been advised correctly.

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Thor Mining ready to rake in the revenues and profits in 2018

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About the Author

Lightningtiger

5 comments

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