Investika Di Share Discussion Threads

[7kiwi] 06/3/2008 09:30

This is nice.

[red river 1] 06/3/2008 09:28

Stegrego, me and you both!! Keep the faith!

[5dally] 06/3/2008 08:51

Up 16p this morning:-)

[stegrego] 06/3/2008 08:30

Go IVK!

Only another 100% or so rise and im back to break even :)

[nghomi] 06/3/2008 07:42

We are still well-below A$4.30 fund raising. In a normal market, share price should be at least at 20% premium to fund raising rate. So anything less than A$5.00 per share is not that exciting. Having said that since fund raising copper prices are 30% higher so perhaps a share price of A$6.50 is more reasonable.

[pec2004] 06/3/2008 06:49

Up again in Aus, does anyone know if RAB have been forced sellers over the past few months.

[pec2004] 05/3/2008 20:56

Hearing rumours regarding news from the copper project in Chile, may explain the recent rise. If true, think we'll see quite a bit more.

[nghomi] 05/3/2008 20:07

Back to TNQ, I think they owe IVK £2.8m which should be paid back (+interest) to IVK by June 2008. £1.3m are excerciable at 25p and the remaining £1.5m is excercisable at 50p.

At 50p per share, its market cap would be approximately £11.5. So TNQ raises some £10m at 50p we could have a market cap of £21.5m which we would still have another 50% upside. At copper prices of $4/lb, I would not rule out the possibility of 75p per share in two years time. But I agree with SteMiS that it is highly depending on what IVK want it to be worth!

[nghomi] 05/3/2008 18:24

Just noticed that Nickel prices are back to $15/lb and copper is approaching $4/lb. How many people would think that IVK would hit the all-time high share price of 370p by May?

[strow] 05/3/2008 18:07

yes sorry tqn do own 51%,but ivk own so much of tqn !-o.t-ng-if you want a good punt try kys-very interesting with nickel sulphides in the mix-huge upside if it all comes off

[stemis] 05/3/2008 17:31

I've attempted to update the header but to be honest its a bit of a nightmare; IVK seem to buy shares in TMC/TQN/UEP without notifying the stock market. It even looks like UEP have issued new shares without notifying the stock market.

Nghomi is right. TQN own 51% of Puquios. Their market cap of £4.1m looks small compared to their £37.5m share of project npv. However where are TQN going to get their equity share of the £17.5m capital. They already owe IVK at least £1.8m.

I guess TQN will be worth what IVK want it to be worth.

[kimboy2] 05/3/2008 16:23

The Company increased its interest in the Puquios Copper Project to 93.3%
through increasing its holding in Tarquin Resources plc from 32.57% to 86.84%.
The Company acquired an interest of 43.6% of Tarquin through issuing 1,166,987
ordinary shares with a fair value of $5,134,742 and acquired an interest of
10.67% of Tarquin through acquiring shares on- and off-market at a cost of
$1,060,876.

[nghomi] 05/3/2008 16:12

I beleive TNQ still own 51% of the project. So you are talking about £37.5m of npv

[strow] 05/3/2008 14:59

What percentage of the project do tqn now hold? ?less than 10%?wouldnt go for it myself 10% of npv even of $150m is only $15m/£7.5m - m/c of tqn is £4m-much better places to put your money i would have thought

[nghomi] 05/3/2008 14:31

I am tempted to buy into TQN. From chart point of view, it seems it doubled last year around this time. I cannot see it goes lower than 25p on bid because IVK is fully supporting this level. When the environmental approval annouced I reckon TQN could go back to 50p. Anybody has any view on this?
Thanks

[nghomi] 05/3/2008 14:31

I am tempted to buy into TQN. From chart point of view, it seems it doubled last year around this time. I cannot see it goes lower than 25p on bid because IVK is fully supporting this level. When the environmental approval annouced I reckon TQN could go back to 50p. Anybody has any view on this?
Thanks

[7kiwi] 04/3/2008 20:46

TMC shippin gseems to have slowed to a trickle, so ernings not keeping up with surge in Ni price. But hte rise should make the lateriates more economic, so should have better results selling on to spot mkt.

[nghomi] 04/3/2008 20:29

Why is that IVK is always underperforming? Nickel is up 9.7% (as I am typing this:) while IVK was up only 9% today!

[7kiwi] 04/3/2008 17:41

Thanks HB. So are we sort on the right hand side of a cup before a cup and handle?

[kimboy2] 04/3/2008 17:10

Are you any relation to Trader Horne who I happen to have on filter ?

[7kiwi] 04/3/2008 16:39

What's your target hb?

[madmix] 04/3/2008 15:26

What's going on, IVK in an uptrend?

For the first time in months, it's not even possible to buy 5k shares online.

And now we have horneblower posting here.

Not sure I can take much more of this! ;-)