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THD - Thred Limited

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This was written by Dr. Alex Cowie (Diggers and Drillers editor) on 3 September 2011 (it is in the public domain):

http://www.dailyreckoning.com.au/four-commodity-investment-ideas-from-around-the-world/2011/09/03/

On the first page...

"On Monday I stepped back onto Aussie soil after flying 37,000 km through the US and South America in just one week. "...

"Two of the projects I visited last week have the right people, the right location, the right commodities, and potentially huge, high-grade deposits. Both stocks are at the stage where everything is in place. But the shares are still at bargain prices thanks to the fear gripping financial markets...

One is a gold explorer that is still fairly unknown. It appears to be sitting on a deposit large enough to compete with the world's biggest gold companies. Which, perhaps not coincidentally, are right next door."

Then have a read of this:-

http://www.promesa.com.au/documents/BGFEquities-Promesa-Research-Note.pdf

"Cerro Curunday represents an analogy with Lagunas Norte, a high sulphidation epithermal gold deposit in being mined by Barrick Gold Corporation...Another major gold mine is Yanacocha, owned by Newmont."

and consider the commonality of director between TRH and PRA:-

Ananada Kathiravelu Executive Director PRA

Ananda Kathiravelu Chairman TRH

and the fact that TRH's shareprice may have moved strongly in the last few days as the result of a..."publication by Diggers and Drillers which details the conmpany's prospects and recommends a trading decision"(as TRH directors stated on 2 September in answer to an ASX query)

Then ask yourself what is the next gold explorer Diggers and Drillers is likely to recommend to its subscribers?

Promesa is undertaking a drilling campaign at its Cerra Curunday prospect in Peru at the time of posting (commenced 26 August 2011). Drill results should be made available progressively over the next 3 months.
 
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Re: PRA - Promesa

From Promesa's web-site
http://www.promesa.com.au/index.htm

"About the Peru project (Cerro Curunday):

•Strategic Land Holding: Project positioned between world class gold mines of Barrick (Lagunas Norte) and Newmont (Yanacocha and Pierina) - a region of known epithermal gold and gold-copper porphyry style deposits.
•Favourable Geology: Tertiary age diorite-monzonite granite intrusions (into Mesozoic marine sediments) - classic gold-copper porphyry system geology.
•Hydrothermal Alteration: project area shows evidence of quartz veins, hydrothermal breccias and stockworks within advanced argillic and phyllic pervasive alteration haloes that correspond to the right environment for epithermal high sulphidation and porphyry style deposits"

From http://www.promesa.com.au/documents/BGFEquities-Promesa-Research-Note.pdf

..."Promesa Ltd (PRA) has secured a very exciting epithermal gold project in Peru, similar and close to
Lagunas Norte, Barrickʼs 9 Moz gold project."

..."PRA believes it will find 2.5 Moz in the oxide zone alone, which would justify a share price approaching $2.00."

..."Many companies excite the market with suggestions of possible copper porphyry mineralisation at depth, but with PRA there is no speculation. It has been observed 1,000m below the peak,exposed by adits into the side of the mountain."
 

springhill

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Re: PRA - Promesa

[FONT=Verdana, Arial, Tahoma, Calibri, Geneva, sans-serif]MC- $6.4m[/FONT]
[FONT=Verdana, Arial, Tahoma, Calibri, Geneva, sans-serif]SP- 6.4c[/FONT]
[FONT=Verdana, Arial, Tahoma, Calibri, Geneva, sans-serif]Shares- 106m[/FONT]
[FONT=Verdana, Arial, Tahoma, Calibri, Geneva, sans-serif]Options- 52m[/FONT]
[FONT=Verdana, Arial, Tahoma, Calibri, Geneva, sans-serif]Cash- $2.4m

[/FONT]
●Due Diligence on Kirio Mining S.A.C. has been completed.
●Commencement of exploration activity at Alumbre and Quinual prospects, including mapping and sampling.
●Field mapping and sampling program at the Cerro Curunday prospect and surrounding La Libertad District concessions is complete with the exception of the Santa Rosita prospect.
●Portfolio continues to increase and diversify in Peru. 10,100ha granted and a further 3,600ha under application.
●Our team is currently reviewing several new opportunities in Peru with a view to further expand and diversify our exploration inventory.
●Appointment of Mr. Yvan Hurtardo as Chief Geologist in Peru.
 

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springhill

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Re: PRA - Promesa Limited

Something going on with PRA. Up 73% today with no announcement out yet.
A Peruvian acqusition possibly? Buy/sell now at 5:1
 
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Re: PRA - Promesa Limited

With what they have in the bank, I'd be careful. Capital raising could be around the corner. I'm not sure why the SP went up so high so fast. Perhaps they've found something, or something strange is going on. But as you said, tomorrow could be interesting...

Disc: I've barely looked into this company besides the money they have in the bank. This is purely my opinion only.
 

springhill

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Re: PRA - Promesa Limited

With what they have in the bank, I'd be careful. Capital raising could be around the corner. I'm not sure why the SP went up so high so fast. Perhaps they've found something, or something strange is going on. But as you said, tomorrow could be interesting...

Disc: I've barely looked into this company besides the money they have in the bank. This is purely my opinion only.
After reviewing their quarterly the only thing that stands out as a possibility is this. Unless it is new news approaching. Or nothing at all.
Agree, cash position is an ongoing concern in regards to a cap raise.

NEW PROJECTS
Promesa continues to be active in evaluating potential new projects in order to complement existing exploration activity within Peru. The company has also applied for several concessions within Peru and is awaiting registration from Ingemmet (i.e. Peruvian government Ministry of Energy and Minerals). The Olleros prospect which is located in the central Andes of Peru, near major cities of Huaraz and Recuay at Ancash Department is under application.
Olleros is in the same geological, structural and metallogenic corridor as Barrick’s Pierina Gold Mine, which is a low cost and multimillion ounce production. The Olleros concession size of 3,600 ha has been applied for based on the geological assessment of 5 alteration zones found in an area 12 x 6 km. The areas are Parianan, Antacocha, Pariapata, Huantume and Aco. Each area demonstrate alteration zones with the potential of epithermal and porphyry occurrences pyroclastic rocks hosted in Calipuy Group and dacitic porphyry of Tertiary age that are excellent host of potential Au-Ag and Cu deposits. The concession holding as illustrated in Figure 12 surround a Barrick concession holding.

Olleros has been the subject of exploration in the early 1990's. Work conducted includes geochemical, geophysical and diamond drilling by mining companies including Barrick, IRL Peru, Teck and Meridian. The area has a strong argillic alteration and oxidation identified by satellite images. The mineralisation is hosted in volcanic rocks of the Calipuy Group, intruded by porphyritic bodies composed of dacites and riodacitas acid. Geochemical results for gold, copper and molybdenum anomalies show encouraging values.
The concessions are within the corridor of Au and Cu deposits of the Cordillera Blanca. Geologically these are hosted within volcanic rocks of Tertiary age and are represented by the Calipuy Group and pyroclastic rocks composed of rhyodacitic tuffs and are intruded by porphyritic dacites and riodacitas composed of acid to intermediate composition, structural stage and throughout the Andes and are controlled by regional faults in a NW-SE direction and local faults NE-SW direction. The combination of these two fault systems generate favourable environments where hydrothermal fluids were replaced with mineral solutions that formed mineral deposits in the area, the best known deposit of this corridor is Barrick’s Pierina Mine. This prospect will increase the Company concession base to 12,400 ha and will further strengthen our exploration footprint in Peru.
 

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On June 21st, 2016, Promesa Limited (PRA) changed its name and ASX code to Thred Limited (THD).
 

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Interesting Trading during the past weeks. A "Unified Social App" - just what Trump needed for his Foreign Politics and distribution of Alternative Facts. :p

THD am 11-03-17.png

Very speccie, but there might be another 20% profit in it. I take a punt.
 

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I see this is the next pump and dump over at the other place.
There is always that chance. The trick is to recognise the onset of the dumping and pull out while in profit. And it goes without saying: Never speculate with more capital than you'd still be comfortable losing should things go pear-shaped.
 

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Up to 3.4c today
3.5 in fact. That was the price level where I sold minutes before the Auction.
Reason: I figured two outcomes from the Closing Auction:
  1. Close on a new High (3.5 or better)
  2. Close lower as pumpers would want to dump before the long break
Turned out to be #2, so I'm happy I got out - and I stayed out.
The thing that gave me doubts and made me favour trading swingers and quickies: Today's announcement showed a draft picture of the app's interface, but it remains still unclear WHAT users can (and will want to) do with it. Considering the flak Google and Facebook - to name the most obvious suspects - receive for playing fast and loose with people's private information, phone users may decide to opt out altogether. (I already have, as have many people I know.)

If anybody is interested, the 1-minute chart below indicates the most obvious trading opportunities for swinging quickies 8)

THD i1m 13-03-17.png
 
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Just noticed there isn't a lot of comments with this stock.
I have a little bit in this an accumulated a bit.
What are peoples predictions on lead up and just after launch?
It is a pretty volatile stock IMO
 

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Just noticed there isn't a lot of comments with this stock.
I have a little bit in this an accumulated a bit.
What are peoples predictions on lead up and just after launch?
It is a pretty volatile stock IMO
Not making any "predictions", merely assessments and estimates of support and resistance. nd on that front, I have to admit I got it wrong: Stopped out at a level that I considered must-hold but which turned out to be 2 ticks too high. And then I failed to buy back at the bounce-back off the "REAL" support.
I hope you bought the bulk at or below 3c - that's where I now see support.

THD am 08-05-17.png
 
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Yes slightly. My average is 0.032.
It will be interesting to see what people to the the shares they got in the capital raising last week which is being released tomorrow. Wonder if the will dump and run with a quick profit from their 0.027 shares or hold till after launch.
I think it will be a good test on seeing the sentiment from sophisticated investors towards
THD
 

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The details of the Launch confirmed the misgivings I held. Looks like the initial release will need a lot more than simply fine tuning, Long on promise, but rather short on expected versatility. How useful feedback from social media addicts will be is anyone's guess. In this case, the Daily chart told only a small part of the story, even though @tech/a 's line in the sand at 3.1c has been proved spot-on. Subsequent swing trades required real-time data and 1-minute or even tick charts to be profitable.

THD i1m 10-05-17.png
 

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The Twitterati don't seem impressed. Maybe the Kardashians or The Beeb need to tell their followers how they can't live without their Thred.

THD n 16-05-17.png

For now, it's all over.
 
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