Talvivaara Share Discussion Threads

[mclellan] 28/5/2014 11:54

I don't know what has happened to the OMX graph feed at the moment.
edit...back now

[amgul] 28/5/2014 10:33

I told last week about REM to buy now today have a look to REM flying high and urge to buy both talv and REM.

[amgul] 28/5/2014 10:14

good positive move both in omx and lse markets. Suggesting for buy and strong buy.

[goosegog] 28/5/2014 09:53

The market likes the message.

Confidence is building while management place the recovery jig saw puzzle pieces together.

Still some risk, but obviously diminishing.

Massive debt pile still looks ominous for equity holders, but probably remains a multi-bagger so long as long term finance package is resolved.

Expect slow rise until September when fireworks should commence....

All IMHO & DYOR.

[mclellan] 28/5/2014 08:10

Why?
These are viable now

[nick9013] 28/5/2014 08:02

Strong sell today

[mclellan] 28/5/2014 07:29

Interim Report out:

Stock Exchange Release
Talvivaara Mining Company Plc
28 May 2014

Talvivaara Mining Company Interim Report for January-March 2014

Corporate reorganisation proceedings in progress
Metals recovery plant and bioheapleaching in stable operation

Highlights of Q1 2014

•Nickel production of 3,068t and zinc production of 5,726t; best quarter since Q3 2012


•Net sales of EUR 29.0 million


•Operating loss of EUR (7.1) million


•New heaps leached well and provided most of the produced metals during the quarter;


nickel grades in solution around 1.5g/l

•Metals plant in stable operation throughout the quarter


•Ore production remained suspended with re-start subject to securing additional financing


Highlights after the reporting period

•Loan and streaming holiday agreement with Nyrstar for an up to EUR 20 million loan facility and option to sell up to 80,000t of zinc to Nyrstar at market price for an additional significant financing impact


•Talvivaara Sotkamo was granted an environmental permit decision on 30 April 2014 relating to its whole operation and uranium recovery; however, operations continue under the old permit for the time being, as the new permit is not yet final and binding


•Bioheapleaching and metals recovery operations continue steadily; year-to-date metals production through 26 May amounted to 5,053t of nickel and 9,592t of zinc


Corporate reorganisation

•Reports by the Administrator on the financial status of Talvivaara Mining Company Plc ("Talvivaara" or the "Company") and Talvivaara Sotkamo completed on 14 April 2014 and conclude that executable restructuring programmes can be set up for both companies subject to financing solutions being achieved


•The District Court of Espoo granted on 21 May 2014 an extension to the deadlines for submitting the proposals for the respective reorganisation programmes of the Company and Talvivaara Sotkamo until
30 September 2014 as applied by the Administrator


Guidance for 2014
Talvivaara's operational outlook in 2014 remains subject to the success to completion, timing and extent of the financing transactions that are currently being negotiated. In the absence of a comprehensive financing solution and related operational plan for the time being, Talvivaara is not in a position to give guidance on its production or its operational and capital expenditure for the current year.

Key figures

EUR million Q1
2014 Q4
2013 Q1
2013 FY
2013
Net sales 29.0 12.6 27.6 77.6
Operating loss (7.1) (628.7) (20.0) (701.8)
% of net sales (24.4)% (4,988.7)% (72.4)% (904.7)%
Loss for the period (17.1) (731.8) (23.9) (812.4)
Earnings per share, EUR (0.01) (0.43) (0.09) (0.48)
Equity-to-assets ratio (49.9)% (46.1)% 25.5% (46.1)%
Net interest bearing debt 552.1 548.7 530.1 548.7
Debt-to-equity ratio (181.3)% (190.9)% 159.1% (190.9)%
Capital expenditure 1.5 7.4 17.3 60.5
Cash and cash equivalents at the end of the period 1.1 5.9 68.7 5.9
Number of employees at the end of the period 516 549 583 549

All quarterly figures in this release are unaudited. Full year figures are audited.

CEO Pekka Perä comments: "Our first quarter 2014 results reflect an operationally steady period with best nickel and zinc production since Q3 2012. Our new ore heaps, primary heaps 1 and 4, demonstrated very good leaching performance after having started to contribute to our metals production towards the end of 2013. Our metals recovery plant also performed uneventfully, which, together with the improvements in bioheapleaching, gives us confidence that our processes have come of age and can be operated in a reliable, industrial fashion.

Our financial results continued to be impacted by the weak nickel price that persisted through most of the first quarter and the yet limited production volumes obtainable from the currently functioning two primary heaps, resulting in an operating loss of EUR 7.1 million. However, our cost profile compared to the year before confirmed substantial savings as a result of our on-going work towards better operational efficiency, and the write-downs recognized on our fixed assets at year-end 2013 resulted in a considerable reduction in depreciation. All-in-all, though, we cannot be content with the results achieved, but must strive for further improvements with the target of eventually being able to operate profitably also during the lows of the commodity cycles.

Over the recent months, the sentiment in the nickel market has turned for the positive with prices improving from around USD 14,000/t in January and USD 15,000-16,000/t in March to around USD 19,500/t currently. The main stimulus for the improvement has been the Indonesian ban on nickel ore exports, which came into effect in January and which has had a particularly strong impact on the nickel ore supply to China. The market outlook is now more positive than in the last few years with the nickel over-supply being foreseen to turn into a deficit possibly as early as this year.

We believe the good results in bioheapleaching over the last several months as well as the recent improvement in the nickel market are helpful in our on-going financing efforts. As the first funding step since the commencement of both Talvivaara Mining Company and Talvivaara Sotkamo's corporate reorganisations in late 2013, we entered into a loan and streaming holiday agreement with our zinc client Nyrstar in the beginning of April. This entitles us to an up to EUR 20 million loan, drawn down in stages in relation to zinc deliveries, and an option to sell up to 80,000t of zinc to Nyrstar at market prices, which would have an additional financing impact of more than EUR 50 million at current zinc prices. Further financing negotiations are now also progressing and we hope to be in a position to announce positive news on their completion in the coming months.

The most important short term use of funds for us would be the re-start of mining and materials handling operations, which have been suspended since November 2013. The new Nyrstar agreement and the improvement in nickel price have already given us the opportunity to start reclaiming of the poorly leached primary heaps on a trial basis, but more funding needs to be secured before we can commit to full scale reclaiming and the re-start of mining new ore.

In longer term, financing will also be needed for our environmental commitments, particularly those relating to water management. Following a relatively light spring melt, the current status of the water balance is reasonably good with ample emergency volume in all ponds and dams. However, planning of longer term solutions, including e.g. discharge of treated water to an alternative waterway and additional reverse osmosis capacity, continues and must be financed in due course.

Talvivaara Sotkamo was granted an environmental permit decision relating to its whole operation and uranium recovery by the Northern Finland Regional State Administrative Agency on 30 April 2014. We have since assessed the decision and will appeal against several parts of the decision, including amongst other things the method of assessment of the securities to be set as well as some other permit conditions which are deemed to be against the prevailing permitting practice. As the new permit decision will only be applicable when the appeal processes have been completed, Talvivaara will continue to operate under the previously obtained, existing permits for the time being and continue its work towards increasingly sustainable operations."

Enquiries:

Talvivaara Mining Company Plc. Tel. [phone]
Pekka Perä, CEO
Saila Miettinen-Lähde, Deputy CEO and CFO

[amgul] 27/5/2014 19:39

only advice here for talv buy

[bad robot] 27/5/2014 16:18

Coming for the AFN shyster adviser

[bad robot] 27/5/2014 15:25

mclellan 21 May'14 - 07:31 - 41839 of 42018 1 1

Morning all
mikepage- I appreciate that you are very optimistic for XEL but it is important that people reading are not misled in time scales.
The BOD seem to have misled to some extent, there.



TELL THAT TO THE MANY PEOPLE YOU "ADVISED" TO BUY BECAUSE A FRIEND OF A FRIEND OF A FRIEND OF FRIEND TOLD YOU. MANY OF THESE PEOPLE SHOULD CALL FCA AND THE POLICE TO INVESTIGATE ILLEGAL ADVICE GIVEN ON THREADS.

SUE HER


mclellan 14 May'14 - 09:02 - 239 of 240 1 0

forwood- it is just childish, spiteful sort of behaviour
XEL short must have cost him dear.
I advised him weeks ago not to short it because I had heard a rumour of good news coming from a friend who works in Aberdeen.

[amgul] 27/5/2014 13:39

OMX for talv is now blue. It will turn blue here in LSE as well. Still a candidate fro the investment. Buy

[mclellan] 27/5/2014 13:34

As if he would know.

[bad robot] 27/5/2014 10:59

Target remains 0p

[mclellan] 27/5/2014 10:27

Let's hope a bit more interest is generated soon in Finland, amgul

Now turned blue, there.

[amgul] 27/5/2014 09:57

talv has hold its position indicated that the survival is in positive direction.

[amgul] 23/5/2014 13:35

Yes the whole environment is volatile. But talv and REM is the very good stock to invest into at this price. Both have a very good future. BUY BUY

[mclellan] 23/5/2014 09:36

Moving up on OMX this morning... but still volatile

[mclellan] 22/5/2014 15:50

...and we are blue!

[stockriser] 22/5/2014 15:48

Yep looking good here ;-)

[mclellan] 22/5/2014 15:31

The bid is edging up, amgul.
Good sign for a move forward again.
At least we know from the RNS that they are making progress with the funding issue and with the environmental problem.
Once the OMX is more cheerful, we should move, too

[simon seif] 22/5/2014 14:53

The rampin liar is on a stock ,bet its gonna fall .Never fails!!

[amgul] 22/5/2014 13:09

close the programme and restated the computer.

[bad robot] 22/5/2014 10:04

LOLOL

You are stuffed. LOLOL

Just give them a call, and execute by phone. They have to do it immediately.



MR MULTI BAG 22 May'14 - 08:37 - 312 of 313 0 0

Anyone trading +500 cfd? The sell button has gone grey and won't let me close? Anyone no why ASAP ?

[mclellan] 22/5/2014 09:31

Sorry- no idea