Market's view on Thor Explor
Published on April 2024
- Thor Explorations announced an upcoming investor webinar hosted by President and CEO Segun Lawson to discuss FY23 results, Q1 2024 operational updates, and corporate strategy.
- Positive expectations are set for Thor Explorations’ financial performance, with a predicted significant profit margin increase in the upcoming quarter.
- Concerns are raised about Thor Explorations’ share price vulnerability due to their current low valuation.
- Difficulties with certain trading platforms not allowing long positions on the stock are highlighted.
- Upgrades at Thor Explorations’ processing plant are noted, aimed at improving efficiency and gold recovery which is crucial for meeting production guidance.
- There’s optimism about substantial gold discoveries and extended mine life based on upcoming deep drilling results at Segilola.
- Thor Explorations is expected to have strong cash flow and debt repayment capacity, potentially going debt-free by the end of 2024.
- Some stock watchers consider strategic financial decisions, like share buybacks or dividends, as more favorable uses of spare cash to enhance shareholder value.
- The company’s exploration activities and operational strategies are generally viewed positively, with expectations of increased gold production and reduced operational costs in 2024.