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Tertiary Mins. Share Price - TYM

Share Name Share Symbol Market Type Share ISIN Share Description
Tertiary Minerals LSE:TYM London Ordinary Share GB0008854563 ORD 1P
  Price Change Price Change % Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00 +0.00% 3.00 2.75 3.25 3.00 3.00 3.00 165,267 07:42:38
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m) RN NRN
Mining 0.0 -0.4 -0.2 - 5.64

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Date Time Title Posts
12/8/201513:36TYM - A Future Major Fluorspar Producer In Europe.1,989
11/2/201508:26Tertiary Minerals: Charts & Fundamentals3,679
04/2/201319:19THE NEXT TEN BAGGER !14
17/1/201210:16TYM with Charts & News134
04/12/201117:09positive extensions flourspar-

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Tertiary Minerals Top Chat Posts

DateSubject
15/1/2014
17:55
benchmark: philfromfrace - it sounds as if you don't believe in diversification! The behaviour of the TYM share price over the last few weeks should make people wary. These good results have been already factored into the share price. The market reckons a price < 10p is fair value at the moment. As I, and other, have said before on this thread, it may take a lot more than a proven resource to trigger a sustained price rise. And there is no certainty at all about a JV. It is salutory to look at the case of Kenmare Resouces (KMR) where, more than 10 years ago they discovered and developed a world-class titanium mine in Mozambique. Great hopes for a bonanza - but the share price has fallen from a high of over 65p in 2007/8 to just 18p today. The majors have ways of squeezing the minnows when it suits them and there is a long journey between discovering a resource and bringing it into production. I am not selling a message of doom and gloom - I am simply urging some caution to those who might be persuaded to put their shirt on this company.
20/6/2014
20:18
the888account: True Benchmark - but we all know what a few buys do the TYM share price.....
08/3/2014
21:01
metex: "Why is the share price drifting if such good news is imminent?" For clarification....could a chartist perhaps....kindly confirm....that from the TYM two month chart....the share price has been in the trading range....of approx 8.5p - 10p....since around the 19th Jan 2014....and has not yet breached that trading range....(if not see six month chart at top of this thread). Investors are quite aware....that share prices never move in straight lines....and in some cases....for instance....short term speculators....having anticipated an announcement in an expected "timeframe"....maybe forced to close their positions....should that news not materialise....this action can be the cause....of short term share price weakness. That could logically explain....the present situation. But while TYM`s share price....remains in it`s present trading range....have to question the rationale....behind the demanding of an answer....to the above question....at this juncture....(a question....not necessarily based on fact....but on conjecture)....especially when the final drilling results for the MB Project....have yet to be announced. Believe that if the final drilling results....confirm the positive visual observations of the drill cores....prior to analysis....then....and only then IMHO....should TYM investors expect to see that positive sentiment....realistically start to reflect in the share price....in the run up....to the anticipated MB Project maiden JORC resource estimate. Time will out!....DYOR.
24/4/2014
07:30
metex: Interesting! 24 April 2014 Re: Share Price Movement Tertiary Minerals plc, the AIM traded company building a strategic position in the fluorspar sector, comments on the recent share price movement below: "The Directors of Tertiary Minerals note the recent downward share price movement following the positive announcement of its maiden JORC compliant Mineral Resource Estimate for the MB Project which has doubled the tonnage of fluorspar contained in the JORC compliant Mineral Resources under the Company's control. We recognise that our shareholders have been supportive of the Company and as the Company's share price has appreciated significantly as a result of the development of its projects, shareholders periodically may wish to realise any gains made on share price appreciation. However, the Directors believe that the Company's recent share price movement is exaggerated and unjustified. They confirm that they know of no reason for such movement. The Company continues to execute its stated strategy of building a strategic position in the fluorspar sector and is well positioned to provide future supply of this important industrial mineral. The Directors are confident in the future prospects for the Company".
21/2/2014
08:17
metex: The888Account....respect your point of view....but don`t agree with it. Also....if you want to quote examples....i.e. such as EMED....when making comparison with TYM....TYM management etc....in future....would suggest....that you give some context to your comments. Throwaway one liners....on such important issues of consideration....serve no real purpose IMHO. What you failed to say....is that the EMED funding route....is for the old Rio Tinto mine in Spain....the resources there are already established....an off-taker knows the resource....financiers....can see the resource and old mine process workings....but the problems there have been of a different kind....because of historic ownership issues/environmental concerns etc. They may have established a funding route....i.e. with Goldman Sachs....for approx 15% of their production....equivalent to $175m....but what you failed to advise the thread....was the following. May 2008....their shares in issue - 149,625,476. Dec 2013....their shares in issue - 1,252,450,000. Over 8 times the number of shares in issuance....than back in 2008....now that is "massive" dilution IMHO....and still the mine hasn`t reopened....with the funding package still not utilised. Even if TYM right now....were to dilute to the same level....(again state....that don`t think they will)....as this company has....then TYM would probably be able to fund the construction of both Storuman and MB Project....with no off-set debt....and no cash debt....not like EMED. That`s why given an improving market climate for fluorspar....then trust TYM management....to be able to move their projects forward....with some form of partnership with one of the fluorchemical companies....and to avoid the dilution already seen by EMED. As outlined to janekane sometime ago....if all else fails....with respect to a tie up with fluorochemical company....and there is a market requirement for fluorspar....TYM could as a last resort....dilute to the same level as EMED....and still get their projects off the ground. Think it`s best to compare "apples with apples"....and while respecting your opinion....(which is usually given with your "reading" glasses on....lol....i.e. short term opportunism....and nothing wrong in that)....do suggest....you put on your driving glasses....when looking at longer term issues....as believe you do a disservice to the TYM management....when you state things like: "So - we talk about JVs, Debt, Loans, everything else - but are we actually, really, in a position to go down this route ? The point I am getting at is that I'm just not convinced that TYM are "big enough" to actually progress their assets. I would almost be more comfortable if the strategy was to find resources and sell them on to bigger players. But its not....Company clearly states it wants to be a producer - but I come back to the same question: HOW are we going to get there ? I think thats an important part of the game here - all well the BoD saying they will preserve shareholder value - but we've no idea how! If we are forced into a heavy round of dillution / Darwin type equity solution - thats going to sting. And thats the hole that compay doesnt seem to declare and no-one here can answer with confidence." You mention the Darwin Equity deal....and again....even if TYM used it up now....(they can`t but just say....as there is a limit on how much can by raised by company....has to be separate shareholder permission)....in "one fell swoop"....say at 8p....then that would take relatively....only 125m shares....to raise approximately £10m....as a first step....certainly nowhere near the massive dilution at EMED. But don`t believe that will happen. As the TYM BOD....by Darwin Equity mechanism....don`t intend to use it like that....and by hitting certain milestones....i.e. JORC for MB Project....positive PFS completion at Storuman etc....they intend to raise at a higher share price level....if that can be achieved. Still remember your thoughts....regarding initial drilling at MB Project....well....at very little cost....and within a very short period of time....i.e one year....TYM investors are on the cusp of receiving news....that they have maiden JORC estimate for MB Project....and more importantly....in that period of time....relatively little "share dilution"....to the credit of the TYM management....while in that time....the management at EMED....have had to dilute twice....in July and in Dec 2013. Nothing is certain in life....but the EMED example perhaps serves more of a...."beware the long road to production"....prudent....(and nothing wrong in that)....Benchmark "case study"....than a shining example....of preserving a company`s capital structure....through having a "funding route" in place early. You use...."we": We are a very small company (at Mkt Cap level) with what appears to be a decent resource base. (which doesnt really appear to be reflected in the market cap, but hey ho). So presumably everyone should assume....you are holding TYM shares at the moment....DYOR.
15/1/2014
23:04
heyho2: Some good stuff over on iii bulletin board regarding TYM:Author JibboCnrDate posted today 19:21Subject Value Opinion Strong BUYMessageWhen assessing explorers on AIM it is essential to forecast the potential size of the company's future resource and to place a value upon that. That value needs to be discounted down to reflect the fact that production is often quite a few years off and the full value will only be realised when the company goes into to production. TYM will not be producing until 2017 so the value of its resources will be heavily discounted until then (although the possibility of a jv or sale in the meantime providing an earlier realisation of the resource's value exists). This is the situation faced by all explorers on AIM so when deciding which companies to invest in it is necessary to assess the potential size of their resources and their potential value so that you can compare like with like and decide which companies' current M'Caps appear to offer the best value for money. Factors such as the risk associated with the country in which a company is operating and the longer-term prospects for the commodity that will be produced are also important considerations when assessing potential value.In my opinion TYM scores very highly when a fair valuation of its potential is done and its M'Cap is low when compared to many other AIM explorers who are AT LEAST several years away from production (if they ever get to production that is!). For starters TYM's projects are significantly derisked by the fact that they are in Scandinavia and the USA. There is rightly much talk about Nevada at the moment and Storuman is being overlooked. There is already a substantial resource there to the Indicated JORC level - enough to support at least 103,000 tons pa production over an 18 year mine life. The Scoping Study showed that it should be highly economic with an IRR of 24% at the current fluorspar price, rising to a very attractive 58% if the fluorspar price has risen to $500/ton by 2017 as it is forecast to do. This is a valuable project in its own right and although brokers have discounted it down to 15pps that will rise to 30pps when the PFS is out in H2 2014 and the project is substantially derisked by its Indicated resource being upgraded to Proven/Probable Reserves. The other Scandinavian project, Lassedalen in Norway, also has a value (of around £4 million according to Beaufort).The value of the company will also be substantially increased as soon as MB Nevada produces an Inferred resource in Q1 2014. All of the evidence suggests that TYM has found a genuine world class fluorspar resource in Nevada and the value of that will progressively feed through into the share price as it gets proven up to JORC standards, in stages over the coming months/years. This is a very large resource but it is important to understand that the historical drilling done by other explorers (looking for other minerals/elements) was randomly scattered over some parts of this very large concession. The drillling was not systematic in terms of spacing as it was not designed to prove up a fluorspar resource and the holes are clustered in some areas and more randomly spaced in others. Although the old explorers were mainly looking for other things virtually all of the drill holes hit fluorspar and ended in fluorspar, whether the holes were 25m deep or 400m deep. The ore body is known to have excellent continuity. This continuity has meant that a resource can be estimated with a good amount of confidence, based on the historical data, despite the fact that the drill holes were wide apart in some areas. Based on the historical data the consultant ,WAI, has wire-framed a potential resource of between 395- 615 million tonnes grading 6% (23 -36 million tons of fluorspar) and within that 8.5 – 10.5 million tons at 10%. That is a huge and very valuable resource if proven to JORC Inferred/Indicated standards and it is important to note that it comes from a relatively small part of this big concession. It is odds on that a resource of that size is there given the continuity of the ore body, but TYM needs to infill some of the spaces between the wider drill holes and also confirm the grade (because the old core samples are not available for resampling). TYM's Phase 1&2 drilling has been doing exactly that. In fact not only has it been filling the spaces but it has also been drilling deeper in between some shallow historical holes in some areas. Furthermore, the grades have been generally better than those reported by past explorers. TYM hopes to move a substantial part of the 8.5 -10.5 million ton higher grade resource to JORC Inferred sometime during the next ten weeks. Nevada has currently been given zero value by the brokers (whose 16pps valuations are based on the Scandinavian projects) but that will change once the JORC is published and much higher valuations will be published. We will have to wait to find out what they will be. Fluorspar currently sells for about $375/ton so it is not hard to work out that a potential resource of 23 to 36 million tons is extremely valuable.Compared to many other AIM explorers that have higher Mcaps than TYM, TYM is operating in safe countries and it has genuinely valuable assets that are set to grow substantially this year. In my opinion TYM is very undervalued at its current share price and the risk/reward ratio is very favourable when compared to most other explorers on AIM, who, the statistics prove are very unlikely to ever prove up an economic resource.
13/5/2014
13:18
metex: This post....dated 13th May 2014....(from another place)....provides an interesting read IMHO....thanks go to NoHypeJustBalance: After the initial sell-off (profit taking) from the Jorc RNS, the share price seems to have settled around the high 6 low 7p area. This remains a good entry price as done any price below 16P for medium-long term holders. Investors should be sitting comfortably while more foundational news is released in the upcoming 2-5 months from Tertiary's non-US territory projects. As Ilovefreestuff has already mentioned, the sum of all parts evaluation based on NAV makes the current share price well undervalued which is usually a good indication that making a med-long terms investment is a good bet. Thin volumes traded have little significance. Most important factors to consider here : No dilution needed in the short term. Good assets in good locations. Good management. Targets met vis-ŕ-vis timelines set. Possible worry of Fluorspar prices should have little impact for this company as it's growth story will underpin share price movement with much greater focus on moving from explorer to producer. While technical analysis is often irrelevant on AIM shares, when all indicators point to a particular bullish/bearish attitude, there is often (though not always of course) some history-repeating share price behaviour. The MacD while under the zero signal line has seen a cross back towards zero (possible bullish) the RSI has been in very oversold territory and now looks to leaving the area of negative sentiment (possible bullish) the volume histogram has shown the decrease in selling power (bullish), the share price has moved above the SAR (possible bullish) and the slow stochastic is on the up (bullish)...so while technical analysis should be weighed against fundamentals and macroeconomics, there is no doubt that that charts offer short term positive sentiment. I notice that today (at time of writing) there haven't been any buys which might be worrying if the volumes were huge, but there's hardly any volume being traded here today so even a possible tick-down bares no indication of anything. On balance - I remain bullish on this share, medium-long terms investors should be feeling confident. NYJB
18/3/2015
08:57
benchmark: tyranosaurus - in my opinion I believe that the only thing that will halt and reverse the slide in the share price will be firm news of some corporate activity - JV or a major taking an equity stake in Tertiary. Personally, I wouldn't mind if my sharedolding was diluted 1:2 if the share price headed north
10/3/2014
12:56
metex: Benchmark....and a warning to you....for your perceived "scaremongering" posts of the last week. There has been nothing "open minded" about these contributions IMHO. In your own words: a/ Not to be over exposed in TYM. b/ Why is the share price drifting if such good news is imminent? c/ Let's hope this is not the case in this instance because the signs from the share price are not good at all. d/ We can't close our eyes to the possibilities of other hitches, unknown to us, which might be influencing matters. e/ Good people - I would love to see this share price rising but the behaviour of the share price over the last week in particular is far from encouraging f/ But if a placing at 8p is now what is holding the price back then it might be quite a large placing indeed. g/ The dilution maybe be bigger than what was passed at the AGM. h/ Resolution 6a:...share issuance....would be significantly different if it was employed, if I am reading it correctly? Playing the wolf in sheep`s clothing....doesn`t work on everyone. Anymore....and you`re out!
24/4/2014
13:41
metex: Tertiary Minerals price is attractive entry point, says broker By Giles Gwinnett April 24 2014, 11:56am The MB tonnage is more than twice the amount the broker had previously included for the project in its resource-based valuation Broker Cantor Fitzgerald has lifted its price target on fluorspar explorer Tertiary Minerals (LON:TYM) by 2 pence, saying the current lower share price is an attractive entry point for investors. Last week, the company published a maiden JORC compliant estimate for its MB project in the US, which doubled the tonnage of fluorspar contained within the Nevada-located deposit. Shares in the group, though, have dropped to 7p from around 10.5p since that news was released, though today shares are up slightly - 1.79% at 7.125p. Tertiary said it knows of no reason for the sharp fall in the share price, with the company confident over its future prospects. Cantor analyst Asa Bridle said profit taking following the announcement has seen the share price fall close to the 200 day moving average. He also noted the 38 million tonne maiden estimate at MB gave a "good" indication of this project's size and was already the firm's largest fluorspar resource (of its three JORC compliant projects) with 4mln tonnes of in-situ calcium fluoride (CaF2). The MB tonnage is more than twice the amount the broker had previously included for the project in its resource-based valuation. "Furthermore, the deposit remains open in all directions and hence has significant potential for further expansion," highlighted Bridle. "With the JORC estimate providing greater confidence, and metallurgical test work results to come on MB ore, this lower price level looks like it is an attractive entry point for investors," said the analyst, repeating a 'buy' rating. The target price moves to 18p from 16p.

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Trade Type Trade Size Trade Price Trade Date Trade Time Currency
O 120,000 2.90 03 Sep 2015 14:53:32 GBX


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