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To: Goose94 who wrote (104923)4/21/2021 7:11:47 PM
From: Goose94Read Replies (1) | Respond to of 203017
 
Thor Explorations (THX-V) Zombie pick Mr. JKaiser w/Mr.Allan Barry, new 52 week high, 32 cents



To: Goose94 who wrote (104923)5/25/2021 7:03:40 PM
From: Goose94Read Replies (2) | Respond to of 203017
 
Thor Explorations (THX-V) Zombie pick Mr. JKaiser w/Mr.Allan Barry

Canaccord Genuity analyst Sam Catalano "buy" in new coverage. Mr. Catalano set a share target of 65 cents, matching the current consensus.

Mr. Catalano says in a note: "Thor's fully funded, flagship asset Segilola (in Nigeria) is on track to imminently begin generating positive cash flow, with ramp-up expected from 3Q21.

Segilola is the first major gold mine in Nigeria, where the industry is in its infancy and has been given 'Pioneer' status by the government. THX has significant additional landholdings within the country.

Thor's strategy is to leverage its first-mover advantage in Nigeria, utilizing the near-term cash generation from Segilola to drive its regional exploration and development activities across Nigeria and the broader West African region. ... On balance, we believe a long list of positives, combined with compelling valuation upside potential, outweigh the risks and challenges which we see."

Mr. Catalano sees the potential for a dividend from the company's "significant" excess cash flow over the next 12 months.