Tertiary Minerals Share Discussion Threads

[mikkydhu] 18/2/2016 16:59

nigthepig,

Yes, my optimism is a bit subdued just now. Like you, I have been here a while. I've just checked back through part of energyi's old thread and see that I posted in 2003.

A serious problem for the company now will be fund raising with the share price this low. I think Patrick is wily enough to keep the company going, drawing in his horns and just keeping things on life support if need be...not very appealing, I know.

The situation really calls for thinking outside the box: a really imaginative and creative move is needed. Don't know if it will come. Meanwhile, I'll wait.

It would be interesting to know how that enormous fluorspar mine in Mexico is doing. Must be far the biggest such operation outside China.

You did well to sell so high in 2011.

There is an aluminium smelter in Scandinavia, within reach of Storuman, and they use fluorspar. A tie-up there might be a possibility? If the market could see mine finance and offtake agreements in place, the effect on the share price would be dramatic.

[nigthepig] 18/2/2016 16:35

Mikkydhu - I wish I could share your potential optimism. I suppose I have been here so long, seen so much happen (or should I say not happen) that any optimism I had has totally evaporated. Hard to believe I sold some of these for 15.5p in January 2011. Doubt we will see those figures again. My belief is that the market is wise to this sort of company and knows production of any sort, if it ever happens, will be well down the road. Until then we will remain in the doldrums.

[mikkydhu] 18/2/2016 16:06

ntp, serious.

The share price has fallen. The question is why? I would attribute it largely to the lousy commodity situation and the reaction of shareholders to it. Those who invest in companies that are still exploring mineral deposits and developing mines surely know that this is a lengthy business. Those who are not prepared to wait, sell, especially in the current commodity climate, with the unavoidable consequences to the share price

To achieve a mining permit all sorts of obstacles must be overcome, especially environmental ones and those associated with the rights of indigenous peoples. So I say "well done".

Whether this will make any difference...as Benchmark asks... in the short term hard to say. But it might be relevant to a potential partner contemplating a joint venture in mine development.

If things do now move forward faster, it is possible that the mine would come into production just as the commodity cycle entered an upswing. Just possible.

[nigthepig] 18/2/2016 15:51

Congratulations - was that tongue in cheek or serious? We were over 12p a couple of years ago and with today's rise we are 1.5p. I can't see any cause for celebration. As I said earlier this is just one upbeat announcement after another. The big question is, will anything ever be produced? Over to you Patrick.

[mikkydhu] 18/2/2016 14:10

Congratulations to Patrick and his team.

[benchmark] 18/2/2016 14:05

Will it really make any difference?

[fire2480] 17/2/2016 14:24

Sres agm tomorrow . Hope Patrick feels as uncomfortable about it as his investors do with the companies performance

[tonynaylor] 17/2/2016 13:21

15 years of hope, I really thought this was a winner, should have learned from the tantalum experience. So Patrick how can you restore confidence?

[nigthepig] 17/2/2016 13:08

Can this get any worse. Both Tertiary and sister company Sunrise plod along, constantly bringing out what they suggest are upbeat announcements. Where does the lead to? An increase in shareholder value? No chance, the market realises, as I think we all do, that nothing is ever likely to be produced.

[a.fewbob] 16/2/2016 22:40

The board are just milking this to the bitter end, they never have had any intention of ever producing anything. I suspect they will buy the assets with their ill gotten gains for peanuts when the company goes into liquidation. Until then they will just milk the shareholders dry.

[williamgtheobald] 16/2/2016 19:42

I sold out of this share a few weeks, back after losing 80% of my initial investment. (A nasty learning experience!).

I came to the conclusion that this will continue to fall, as there is no prospect of this being cash generative anytime soon.

Also feel management are high remunerated despite it being a non producing mining company.

Unless a JV comes along, i would not be surprissed if a management buy-out doesn't take place further down the line. After which a sale of assets.

For holders of this share I hope I am wrong.

[tonynaylor] 16/2/2016 15:33

Yep the results are great but there doesn't seem to be a plan to get it out of the ground.

[nigthepig] 16/2/2016 12:29

Tyranasauros - I'm not sure whether the results are as good as expected and whether this would affect the share price I think it's more of a case that the company delivers results after results but never actually produces anything. This has gone on for years and I can't see any likelihood that anything will be produced for years to come. Obviously the market thinks likewise.

[tyranosaurus] 16/2/2016 11:29

At first glance the RNS has a positive vibe.
Obviously these results are not as good as expected.
I said onwards and downwards but I didn`t expect 1p quite so soon.

[a.fewbob] 10/2/2016 22:26

I think the board should resign and the assets put up for sale.

[zeuss1] 10/2/2016 18:54

Note that TYM are part of the CRM (Critical Raw Materials Alliance). "In 2010, the European Commission identified 14 raw materials critical because they are “economically and strategically important and are subject to a higher risk of supply interruption in the next 10 years”. Fluorspar is one of these and TYM are advisers to the alliance.

hxxp://www.branduk.net/critical-raw-material-alliance-welcomes-call-to-create-an-expert-network-tertiary-minerals/

[tyranosaurus] 08/2/2016 10:17

Onwards and downwards
New low appears to be coming

[philfromfrance] 30/1/2016 12:28

Notes from a small retirement home pt 3:

We are thinking of improving contact with our shareholders & starting one of the new fangled 'webbie site' kind of things & we will be calling it after the 'bored' - "The old TYMers"!!!

[benchmark] 28/1/2016 23:34

Yes zeuss1 - buy. (That is unless you want to do your own spadework)

[nigthepig] 28/1/2016 16:29

Zeuss - good luck. Myself and others on here who have been here well over 10 years used to think of the good times just around the corner. Unfortunately we have never reached that corner!!!!!!