THX - Thundelarra Exploration

[Broadside]

Given the companies share some directors vine, I don't think THX will sell its UMC stake at a discount price, they recognise the potential and unless they need the cash for another project they should wait for fuller value in UMC to be realised (which seems a high probability with a JORC in the next week and then UMC can talk shop with 3rd parties). Having said that, THX recently said they aren't an investment company. I think they might like to get their hands on the cash to pursue other opportunities (there are plenty in such a weak market).

If Copernicus is cashflow positive and we get some decent results at Fleur de Lys (if nearology counts for anything we're a good chance) this stock may actually rise on its own merits, not on the back of UMC!

[vine]

Thundelarra in trading halt re ann for renounceable rights issue. Not sure what that was so investigated and apparently you have 3 options take it up . pass it up or trade the rights on market can anyone elaborate on what "trading the rights on market" is and how you do that , or have I got this all wrong.
Am a holder of THX
Thanks for any help
Vine

[happytown]

results from the recent and ongoing diamond drilling campaign at thunderball in nt (over 3,000 square kms) released in this morning's ann include

Quote: ... 10.0 metres at 556 ppm U3O8 including 2.0 metres at 1,204 ppm U3O8. 9.0 metres at 518 ppm U3O8 including 1.2 metres at 1,848 ppm U3O8 (4 lb/t). ...

[happytown]

ann out this morning regarding the completion of the current 6 hole drilling campaign

Quote: ... All six holes intersected visible uranium mineralisation ...

[happytown]

ann out this morning regarding a farm-in to atom's cleo u308 project at pine creek in nt

for 1,000,000 thx shares and $300K exp spending (over 3 years) thundelarra can earn 70% (and up to 90%) of the 480 sq kms tenement (which contains a jorc compliant inferred resource (1,409,000 t @ 304 ppm)) which connect with thx's current pine creek tenement

if it proceeds to mining $1M (or thx share equiv) is payable to atom

thx is building a portfolio of nt tenements prospective for u308

sp currently up approx 11% on large volume

cheers

[happytown]

more results from ongoing drilling program at thunderball (NT) released today, incls

Quote: Results have been received for 12 RC holes drilled at the Thunderball Uranium Prospect in July, including a one metre interval in hole TPCRC008 assaying 3.1% U3O8 (68 lbs/t). The complete mineralised intercept in TPCRC008 was 5 metres at 7,600 ppm U3O8 (17 lbs/t) from 120 metres down hole. In addition to containing the highest grade intercept from Thunderball to date, the latest results delivered the widest intercept in hole TPCRC010 – 11 metres at 1,200 ppm U3O8 [incls 2m @ 2,962 ppm]. ...

[happytown]

UMC ann this morning re placement/off-take agreement with China Railway Materials Group @ $1.35 p/share and 1:10 rights issue of new options to shareholders

THX own 20M UMC shares

cheers

another quality post brought to you by happytown inc

[vine]

Is there anything going on with THX apart from UMC connection. It's down but THX having good move over the last few days. The SP has doubed over the past 2 months.
Is there anything else happning that anyone is aware of.

Thx

[vine]

Was thinking about buying more, missed the boat by a day. SP up nearly 50% today.

SPECTACULAR DRILL RESULTS FROM THE
THUNDERBALL URANIUM PROSPECT
 TPCRC019 – 15m at 1.5% U3O8 inc. 1m at 20.3% U3O8
 TPCDD026 – 4.5m at 11% U3O8 (Visual Estimate)
 Mineralisation remains open down plunge
The Board of Thundelarra is extremely pleased to announce that
assay results have been received for four RC holes completed at
Thunderball in August. Hole TPCRC019 returned 15 metres at
1.5% U3O8 including 1 metre at 20.3% U3O8 (448 lbs/t).
In addition, diamond drill hole TPCDD026 has intersected an
even more intense zone of mineralisation. The core from
TPCDD026 is yet to be assayed, however the primary
mineralised intercept is visually estimated to grade 11% U3O8
over 4.5 metres. It is anticipated that subintervals may return
higher grades than the peak assay in hole TPCRC019.
Mineralisation at Thunderball appears to be shear hosted and
consists of massive veins and disseminations of uraninite
(pitchblende). The mineralised zone plunges to the north at
approximately 40° below horizontal and remains open down
plunge.
A number of holes have intersected a second, parallel zone of
mineralisation at shallower depths. Although of lesser grade,
this upper zone displays signs of strengthening towards the
north, consistent with the primary lower zone of mineralisation.
The exceptional uranium grades achieved at Thunderball are
amongst the highest ever reported in Australia and highlight the
significance of this discovery and the pre-eminence of the Pine
Creek uranium province.
Further drilling to step out from existing high grade intersections
and test both zones of mineralisation down plunge is scheduled
to commence in approximately two weeks. It is intended to only
undertake diamond drilling where there is assessed potential for
intersecting very high grade mineralisation.
Thunderball was discovered by Thundelarra in November 2008
and is one of several new uranium occurrences identified by the
Company since it commenced uranium exploration in the Pine
Creek region in 2007. The drill holes reported above are
situated on exploration license EL23431. Thundelarra holds a
70% interest in the uranium rights on EL23431 in joint venture
with Crocodile Gold Australia Pty Ltd.

[doogie_goes_off]

15m at 1.5% U3O8 inc. 1m at 20.3% U3O8 is possibly the best uranium hole I have ever seen - This is a ripper IMHO

[vine]

The following is a quote from UMC chairmans in their just released annual report. In particualr the comment "their decision to sell UMC investment" which is 20.6 million + new issue. I think the future looks pretty bright for THX. No debt and cash available.


"Since UMC listed on the Australian Securities Exchange in 2004,
Thundelarra Exploration Ltd has been our largest shareholder and
their Chairman, Mr Phil Crabb, became UMC’s Chairman. However,
during the year Thundelarra required additional funding for their
direct interests in nickel and uranium projects and their decision to
sell their UMC investment to fund these projects is understood."

[Riddick]

Big day today, up 10 cents on the back of some good news. even better considering the performance of the rest of the market.

anyone elso holding?

[vine]

THX been strong over the last few days with good volume. I think with UMC news and further drilling at Thunderball commencing soon to confirm previous high grades SP is going to move up further. All we need now is the price of nickel to rise so Copernicus can re open and this will be my ticket out of here.
I hold.

[Riddick]

Very surprised this stock and thread hasn't garnered more interest. a string of positive releases, some good projects happening and a 22% increase in the share price in the last 16 days.

More news to come in the near future and more drilling according to the company website and asx releases.

injection of 2 million bucks into the coffers courtesy of BHP with the availability of 22 million more.

has it slipped under the radar or am I missing something important?

Holding

[vine]

THX divest their remaining shares in UMC today. They are now cashed up $25million. Awaiting some interesting assay results and further drilling this year. I think (hope) this may start to move along over the next few months.

[vine]

Anybody following THX moves over the last week. SP up about 30% over the last week since last announcement. I think with the diversification that things should be up from here. The next resistance level is about 78 cents.

[happytown]

thx in trading halt re red bore prospect drilling

red bore tenement boundary only 500m from sfr's de grussa deposit, red bore historic drill results (approx 1km from de grussa) incl 7m @ 7.25% Cu, 1.09 g/t Au, 7.6m @ 6.28% Cu, 10m @ 1.93% Cu, 1.05 g/t Au, 16.7m @ 1.84% Cu (mineralisation from 30m downhole) - thx earning 60% in red bore (as well as already 100% further along strike)

20 hole, 2,000m RC drilling program only commenced on 26/07 and they have already gone into trading halt regarding the drilling program, which is somewhat unusual

ann due mon

[RazzaDazzla]

http://imagesignal.comsec.com.au/asx...f/01083413.pdf

Announcement out this afternoon;
http://imagesignal.comsec.com.au/asx...f/01083413.pdf

Anyone well versed in reading results from companies like THX? Will be interesting to see markets response tomorrow.

[panikhide]

The market seems quite enamoured with THX's neighbours at the moment: SFR, TLM and CYS. It seems that the rumours are that THX's results are going to be great, for both THX and explorers surrounding it. We have already seen big moves from these companies. The share prices of TLM and CYS have both more than doubled in the last month. I'd hate to think that its now too late to get in and buy any of these companies.

[happytown]

razzla, the ann out yesterday was just the june qtr report

the current trading halt relates to the ann due mon re the current drilling program at red bore (within a rock chip samples throw of de grussa)

it's a 20 hole, 2,000m RC drilling program begun only 3 or 4 days ago (which the co expected to take up to 3 weeks to complete) and after only 2 days of drilling they have gone into a trading halt re the drilling

maybe they have rows of 20kg RC bags lined up from the first 2 or 3 holes full of Cu and Au, glittering in the sun - who knows the reason for the drilling trading halt

will just have to wait for mon for the ann