Templar Minerals Share Discussion Threads

[wisteria2] 14/1/2010 13:48

Just got some at .0139

[zac_mo] 14/1/2010 13:42

ticked up!!!

[jonny flame] 14/1/2010 13:20

reckon we will see a tick up shortly

[chrisis33] 14/1/2010 13:17

buys at 1.35p

[jonny flame] 14/1/2010 13:07

Templar Minerals Limited
24 September 2009



Fiji

As previously announced in the Company's 2008 Annual report, the Company acquired in October 2007, 285 million shares in Vatukoula Gold Mines plc ("VGM"). Subsequently in March 2008, the Company entered into arrangements to acquire a further 143 million shares in VGM from Viso Gero Global Inc ("VGG"). These arrangements to acquire the additional shares were not completed and negotiations with VGG resulted in the Company not settling the arrangement to acquire the additional shares by 31 March 2009. Under a Settlement Agreement between the Company and VGG, the Company agreed to transfer 200 million shares of its holding in VGM to VGG as full and final settlement of all outstanding obligations between the two parties. In addition the Company also made payments to VGG for deferment costs of US$1.64 million. This settlement agreed by Company of approximately $3.6 million avoided a total claim of approximately $15 million as per the original agreement with VGG.

The Company continues to maintain a holding of 60.125 million shares in VGM. The Directors are pleased with the progress being made at the Vatukoula Gold Mine. The mine is positioning itself to achieve improved gold production rates over the coming year. In addition the recommencement of exploration drilling at the mine and surrounding areas will focus on increasing reserves and resources for VGM.

[chrisis33] 14/1/2010 13:06

So over £600,000 worth of a rise to TMP from the 1.3p VGM level ... not bad at all!

[wattzy] 14/1/2010 12:49

60 mill i believe

[chrisis33] 14/1/2010 12:47

How much VGM stock do TMP hold?

[wattzy] 14/1/2010 12:43

vgm gone nuts, i would expect this to rise in sympathy before long.

[kiwimonk] 14/1/2010 12:20

Ok so they should have 25 million metric tonnes - circa $250m of ore...
nice lot of VGM stock they can utilise to sell to finance project.
Looks good.

[kiwimonk] 14/1/2010 12:12

Hi Johnny - new to TMP - What do you know about the Iron ore in Brazil - any idea on likely tonnage?
Doing some research now...
Cheers
KM

[jonny flame] 14/1/2010 09:24

Yeah VGM going strong

[cammy3] 14/1/2010 08:36

VGM now up 40% from 3 weeks ago. Nice for Templar with their stake. Templar will be the next VGM IMO.

[wattzy] 14/1/2010 06:57

Iron Ore Prices To Rise 50% In 2010-11 - Merrill Lynch


SYDNEY -(Dow Jones)- Contract iron ore prices are set to rise by 50% to US$85.60 a dry metric ton for the 2010-11 period after a much faster-than-expected recovery in iron ore and steel markets, Merrill Lynch said in a note dated Wednesday.

Merrill's upgrade--from its previous forecast of a rise of 15%--is, so far, the most aggressive of the investment banks. While many other banks have recently hiked expectations, their expected forecasts are centering more on a 20%-30% price rise.

UBS, for instance, is currently forecasting a 20% increase.

Major iron ore miners Vale S.A. (VALE), BHP Billiton Ltd. (BHP) and Rio Tinto Plc (RTP) are yet to settle annual benchmark contract prices that come into effect at the start of the Japanese financial year on April 1 with major steel mills.

"Just as in 2005 and in 2008 when prices went up 71% and 65%, respectively, we expect iron ore prices to significantly surprise on the upside," said Merrill Lynch.

For the 2009-10 period, benchmark prices were cut 33%.

Spot market prices are currently trading about 80% above contract prices, indicating tight supply.


-By Elisabeth Behrmann, Dow Jones Newswires;

[cammy3] 13/1/2010 14:51

Indeed, VGM share price about to take off. TMP has a nice position in VGM so here's hoping for some news on TMP's own projects. The fact these guys wanted clearance at the AGM to issue shares etc tells me something must be cooking.

[prospero06] 13/1/2010 14:50

Last news re Brazil was five months ago,an update can't be far away.

Just to refresh everyone's memory to the potential here:

August 2009.

FOR IMMEDIATE RELEASE

Templar Minerals Ltd

('Templar' or 'the Company')

Initial Drill Results - Brazil Iron Ore Project




Templar Minerals Limited (AIM: TMP) is pleased to announce initial drilling and exploration results at the 390 square kilometre Rio Paranaiba project in the Brazilian State of Minas Gerais ('the Project').

The Project represents a new iron ore discovery in the Brazilian State of Minas Gerais. It is located 210km from the city of Divinopolis, a key manufacturing hub and steel production centre. The Project is 90km on paved road from the township of Patos De Minas and has excellent infrastructure including power and water access.

The Company's Consultant, Mr L.D.S. Winter, P.Geo. Reports that:

The 390 square kilometre Rio Paranaiba Project Area in Minas Gerais, Brazil is within the Tocantins Geotectonic Province of the Brasilia Fold Belt. This area is the type locality for the Araxa, Ibian and Canastra Groups of Neo Proterozoic age and they are now present as three stacked thrust sheets. The Lower Thrust Sheet hosts the Canastra Group metasedimentary sequence which in turn contains the iron-bearing units of interest. The iron-rich unit (or hematite-rich unit) is a hematite-rich phyllite which in turn rests on a quartzite horizon.




The work to date has indicated the presence of hematite-rich sediments over an east-west distance of approximately 40 km, a significant distance, and with thicknesses up to at least 40 m in surface exposures in a newly identified area.




Sampling by the Company at 20 locations,, within the Project area have been analyzed at the SGS Geosol Laboratory in Belo Horizonte. These samples gave iron ('Fe') grades in the range from 17% to over 65% with an average of 43% with low phosphorous grades in the 0.05% range. Thirty-two samples taken by A.L. Fleming averaged 65.2% Fe, 0.07% Phosphorous and

[jonny flame] 13/1/2010 09:25

If indeed they do have a large Iron Ore resource in Brazil and release an RNS on drill news then the share price could move very quickly. About time there was some news here. VGM has done well over the past week.

[blueball] 11/1/2010 09:29

Interesting punt 1.6p is the next target but I notice steady buying last week.

[wattzy] 11/1/2010 08:44

vgm going well, update from Brazil would do nicely.

[jonny flame] 08/1/2010 14:01

He never is.

[don muang] 08/1/2010 12:40

>binladin - 4 Jan'10 - 11:18 - 166 of 167
>BACK TO UNDER 1P::::

Not quite correct there, were you?