Tengri Share Discussion Threads

[swizz] 20/2/2015 11:11

w5, not that I have picked up on, news and research around these guys is fairly scant, that said John Levings since his appointment does appear to be raising the profile, below is an article from a few weeks back when he was interviewed by Minsite and I am expecting further interviews to be circuited in the days ahead, on the back of yesterday's drilling update........GL S



Tengri Resources Establishes A Serious Copper-Gold Footprint In Kyrgyzstan


Mining fleet at Taldybulak



By Alastair Ford

There’s been a fair old shuffling of the decks lately as far as development assets are concerned, and outlying frontier countries like Kyrgyzstan have been at the forefront of that dynamic.

It’s not that anyone doubts that the country has the resources. Quite the contrary. Kyrgyzstan lies slap bang in the middle of the famous Tien Shan Gold Belt, host to some of the largest gold mines in the world, including Kumtor in Kyrgyzstan itself, weighing in with a hefty 18 million ounces of gold, and Murntau across the border in Uzbekistan, which boasts a whopping 110 million ounces.

Prospectivity then, is not the issue. Rather we are talking about where best companies think they can get bang for their buck. In an environment where gold is no longer pushing north to US$2,000 per ounce, and in which the copper price is falling, such questions assume an even greater urgency.

Gold Fields for one has answered them by pulling out of several of its more far flung ventures. And it’s not alone. Where Gold Fields has pulled out Kyrgyzstan, AngloGold has pulled out Ethiopia and Newmont has been wavering in Peru.

But one man’s exit is another man’s entrance, and in the case of Kyrgyzstan Gold Fields’s departure has provided a golden opportunity for Tengri Resources.

Tengri now controls the old Gold Fields assets in Kyrgyzstan following a succession of transactions involving the once-listed but now private Robust Resources, which is Tengri’s major shareholder. Robust initially took over the Gold Fields assets for just US$5 million, and then flipped them into Tengri alongside some other Kyrgyz assets in a deal that was worth – on paper at least – £27 million.

Along the way Tengri and Robust have had to establish a fairly wide-ranging set of social programmes, as both Gold Fields, and Kentor, which sold Robust the Andash project, encountered significant and vocal opposition to the idea of mining.

For now though, with the change of ownership, that all appears to have died down. Initially, Tengri focussed on Andash but then, when the Gold Fields properties came into the company, the focus switched.

“Andash is a medium-sized, fairly high grade porphyry”, says Tengri’s Non-Executive Director John Levings. “But Taldybulak is ten times the size of Andash, even though it’s a lower grade deposit.”

During the summer the company conducted a significant amount of drilling on Taldybulak, and is now planning to move onto a feasibility study next year. The idea, says John Levings, is to build an open pit with a gravity circuit to take advantage of significant quantities of free gold.

The capital requirement is likely to come in at somewhere between US$50 million and US$100 million, depending on the results of the feasibility and how exactly the mine plan for the existing resource of 6.7 million ounces of gold and 1.67 million pounds of copper develops.

“In the top 200 metres there’s a million ounces of gold”, says John. “That will be the production total. Whether it’s all in phase one is to be determined.”

But if Taldybulak can be brought into production there will be knock-on benefits for Andash too, which would then be able to piggyback off the Taldybulak infrastructure 20 kilometres away. That would please the villagers near Andash, worried about having a tailings dump in their back yards.

With the local issues largely dealt with, John is confident that Tengri can proceed towards the construction phase. That’s a bold claim to make in the current uncertain climate, but Tengri has an ace up its sleeve.

“We do have a strategic investor with deep pockets”, says John. “With that knowledge we know this project will succeed.” The investor in question is the Salim Group, Indonesia’s largest multinational conglomerate whose business interests include a mining investment vehicle. Salim holds its interest through a 40 per cent stake in Robust, which in turn owns 87 per cent of Tengri. For what it’s worth, Gold Fields also still owns a small percentage.

What it all means is that John’s funding worries are not as acute as those of some of his peers. “There’ll be a small raising in March”, he says. “And then a larger one later in the year. Because I think this project will go at current prices.”

[wave5] 20/2/2015 10:47

Hey Swizz, does anyone like Edison do research on this micro-cap? I suppose it all depends on what stanhill's plans are. I would like to see estimates of cash cost per oz, and I want company at some stage to describe what evidence of diamonds they've found.

[swizz] 20/2/2015 09:32

w5, good morning and welcome to the ghost town ;-).....I also added late yesterday after the madness and I agree a slow build approach could be spot on...GL S

[wave5] 20/2/2015 09:26

Hey everyone, new invesror here. I waited for it to cool off, read all about stanhill and robust resources takeover. I am well aware this could take years but I've decided gold may have bottomed and so a slow build might be best. My main reason for buying is that, even it was overpaid for, a company set up with assets of 27$mn of assets with a big backer and a MKT cap of 4mn£ is a decent gamble. I looked at the latest drilling, quite low grade, but there is also copper and possibly diamonds and they are still drilling, and still finding low grade (but very easy to get to) gold, so my main fingers crossed is either a) gold rallies or b) they find higher grades and it becomes compelling quickly. Good luck everyone.

[mike111d] 19/2/2015 12:17

Sometimes it pays to DYOR.

[oilbuy] 19/2/2015 08:06

From a low of 2.2p somebody was buying in the 200ks for the last few weeks and now a positive sign of life emerges !!!

[bam bam rubble] 04/2/2015 19:04

Weasel word RNS of the week

Tengri has made a decision to pursue a feasibility study at Taldybulak'pursue'

We are intending to expedite development towards the feasibility study'intending'

Nothing-statements to paper over the news of binning the Bashkol project
which the management had waxed lyrical over in last year's admission doc;
"Bashkol is along strike from a multimillion ounce producing gold mine and
is very prospective with an exciting target having already been identified"

[bam bam rubble] 05/1/2015 19:12

The presentation squashed and stretched out the chart to make the drop look less steep.
Still looked bad though. All it really did is make the promoter's desperation palpable.

[damp squid] 05/1/2015 18:43

45p to 4.5p

lolz

[guycep] 05/1/2015 18:35

Investor presentation from last month:

hxxp://www.tengriresources.co.uk/cms/data/files/investors%20and%20media/presentation/141203_Mines-Money-Presentation.pdf

[oilbuy] 27/12/2014 10:17

Cash must be getting short now. How further cn this fall ?

[the stigologist] 08/12/2014 09:19

treacle very quiet on this disaster

[the stigologist] 04/11/2014 12:15

shout out to treacle32 as all his stocks collapse again

[swizz] 31/10/2014 06:26

Robust update......GL S

[swizz] 23/10/2014 11:06

I wonder when the Tengri board will update the mkt on the following?......GL S

Dated: 22 October 2014

"ASX/MEDIA RELEASE"

"BOARD OF DIRECTOR CHANGES"

"ASX:ROL"

"The Company advises that Dr David King and Mr Hugh Thomas have resigned as directors of the Company effective immediately. The Company thanks Dr King and Mr Thomas for their contributions in their time as directors."

"Following the successful takeover of the Company by Padiham Resources Pty Ltd, the Company is pleased to confirm that the board of directors now comprises:"

􏰀Mr Ilyas Khan – Non-Executive Chairman
􏰀Mr Ferdian Purnamasidi – Non-Executive Director
􏰀Mr John A Levings – Executive Director

[swizz] 21/10/2014 05:33

ROL update..... I Khan and F Purnamasidi take the Stanhill and Salim seats on the board and Padiham's holding reaches 86.5%......GL S


Links.....

[guycep] 16/10/2014 13:21

That would be two weeks ahead of schedule for the offer, will be interesting to see what news follows in due course.

[hedgehog 100] 04/10/2014 21:21

"DEVELOPING LOW-COST GOLD AND COPPER MINES IN CENTRAL ASIA

Tengri Resources is a London-based mining development company, presently focused on the near-term construction of the Andash gold-copper project in the Kyrgyz Republic and further feasibility and exploration work on the multi-million ounce Taldybulak deposit, and other prospects located nearby. Previous feasibility work on the deposits has indicated potential for attractive economics, including low operating costs and strong rates of return."



Price Price Change [%] Bid Offer Open High Low Volume
8.50 0.0 [0.00] 8.00 9.00 8.50 8.50 8.50 -
Market Cap. [m] Shares In Issue [m] Beta EPS DPS PE Ratio Yield 52-Wks-Range
9.13 107.43 - -0.21 - - - 16.50 - 7.63


"Company Profile

Home

Chaarat Gold is an exploration and development company operating in the Kyrgyz Republic with a large, high grade resource which is capable of generating low cost gold production – the Chaarat Gold Project.

The Company’s key objective is to become a low cost gold producer targeting annual production of 200,000 ounces from the development of the Chaarat Gold Project. Chaarat is fully funded to complete a Definitive Feasibility Study (DFS) and continue its active community engagement programme to optimise the value of the Chaarat investment proposition.

Chaarat has several other promising prospects also located within the Kyrgyz Republic.

Chaarat Gold Holdings Limited listed on London`s Alternative Investment Market (AIM) on 8 November 2007 with the ticker symbol CGH."



Price Price Change [%] Bid Offer Open High Low Volume
15.38 -0.125 [-0.81] 14.75 16.00 14.75 15.50 14.75 138,973
Market Cap. [m] Shares In Issue [m] Beta EPS DPS PE Ratio Yield 52-Wks-Range
38.51 250.48 2.11 -3.60 - - - 19.50 - 9.00

[swizz] 02/10/2014 14:40

Robust shares re-insteatd to ASX, following posting of annual report, annual report below for those that are interested,.....GL S

Link....