Titanium Resources Share Discussion Threads

[ihavenoclue] 23/2/2011 10:25

sif12 .... oh I share your barclays frustrations as I have had many of them - but to balance at times they have really come through.

I used to be in HSBC Investments which make Barclays look amazing. I think all online brokers have their moments and overall Barclays aren't that bad.

Regards
IHNC

[tomoslewis] 23/2/2011 10:24

i got in with Barclays at 8.00 @ 11.95 but only a tiny amount

[sif12] 23/2/2011 10:20

fair point ihave, but wasnt able to trade yday afternoon,

and it would be nice just once to be able to but with tdw in the morning!

any suggestions for a better broker? self trade perhaps, although they do charge a management fee i think?

anyway, well done to all those who did get some this morining..

thanks

sif

[ihavenoclue] 23/2/2011 10:14

sif12 ... depends which MMs are on the stock as to whether or not Barclays get a good price - or even get the stock at all.

It rose so strongly first thing that the dealers may have not got a chance. Not that I am protecting Barclays but the trick is to buy when others don't want the stock, so you get a good price, then sell when everyone wants it :)

The old "buy when others are fearful and be fearful when others are greedy" motto :)

[sif12] 23/2/2011 10:14

caught the news last night, new there was good chance of 100% ie 11-22p,

annoying couldnt get a buy price higher than the offer at the time, when other buys are going in at a lower price!!

tdw again are pants!!!!

[equitydealer007] 23/2/2011 10:11

where is this going then????? anyone??? reasons?

[snape] 23/2/2011 10:07

sif12
I did the same with Barclays. Same result!

[induna123] 23/2/2011 10:04

first treeshake of the day.

[equitydealer007] 23/2/2011 10:02

well who said there was no such thing as a free lunch????? im out @ 19ish

what a rise! gla

[induna123] 23/2/2011 10:01

you can get a quote now. 18.5p

[sif12] 23/2/2011 09:57

For those that bought first thing, who do u use?

I put in a limit at 12.3 wityh tdw, first thing and nothing!


They are pants!

[equitydealer007] 23/2/2011 09:53

wow< i only wished Id picked up a lot more this morning....hey ho! got a nibble @ 13.5...did not expect this so quick!!! what is going on one wonders???

[seagreen] 23/2/2011 09:50

It should be a quid now but will settle for 50p

[seagreen] 23/2/2011 09:49

I wish I had bought more

[induna123] 23/2/2011 09:49

Unrelenting. I wish I stayed in bed this morning.

[crosswire] 23/2/2011 09:39

"at current market prices, of almost US$8 billion."

[barnetpeter] 23/2/2011 09:37

Where do you get the big losses from? The last accounts a profit:

Profit after tax of US$3.88 million (H1 2009: loss after tax of US$4.95
million)
· Sales of US$18.63 million (H1 2009: US$19.79 million)
· EBITDA of US$0.4 million* (H1 2009: US$0.4 million)
· Administrative and marketing expenses decreased by 35% to US$2.1 million
(H1 2009: US$3.2 million)
· Cash generated from operations increased 100% to US$4.8 million (H1 2009
US$2.4 million)
· Final insurance settlement of US$5.3 million (net of associated costs)
received in relation to the capsize of Dredge D2
· Rutile production of 30,650 tonnes (H1 2009: 31,418 tonnes)
· Dispute with Government of Sierra Leone over interest repayments on loan
ongoing, capital funding from TRG to Sierra Rutile remains suspended
· Full year rutile production target of 64,000 - 70,000 tonnes.
· Strategic review to examine all areas of the business
· Cash and cash equivalents of US$27.3 million at June, 30 2010 (H1 2009:
US$4.5 million)

[crosswire] 23/2/2011 09:33

John Sisay, Chief Executive Officer of TRG, commented:

"As part of the ongoing strategic review, TRG is pleased to confirm a substantial 600 million tonnes Mineral Resource at Sierra Rutile, making it one of the largest natural rutile deposits in the world with an in-situ value, at current market prices, of almost US$8 billion.

[turkey3] 23/2/2011 09:28

The way this is going this could do a solg... remember 60p in 1 day;-)

[seagreen] 23/2/2011 09:22

the main problem historicaly was the dredger issue

in additon what is causing interest is teh loacation of the rare earths

Additionally, whilst early stage, the identification of rare earths in the tailings stockpiles that have been produced in the more than 30 years

[alchemy30] 23/2/2011 09:18

Me too Induna, sold @ 11.81 after buying @ 9.5 yesterday. Whoops !

Luckily took a decent position yesterday in CRND.

[induna123] 23/2/2011 09:10

wow, I called this wrong.

[bookiebuster] 23/2/2011 09:09

Only 0.7% of the resource is in the measured category so its a bit early for Mr Sisay to be getting the calculator out

The main problem is they've been mining this deposit for over 4 years now (and other companies had a go years before that) but TXR have never made an annual profit. In fact the losses have been quite staggering

[seagreen] 23/2/2011 08:51

£50m odd market cap vs $8b asset....well thats interesting looks like it should be 50p now?

John Sisay, Chief Executive Officer of TRG, commented:

"As part of the ongoing strategic review, TRG is pleased to confirm a substantial 600 million tonnes Mineral Resource at Sierra Rutile, making it one of the largest natural rutile deposits in the world with an in-situ value, at current market prices, of almost US$8 billion. We will be working methodically over the coming months to evaluate a number of options available to expand production and derive maximum value from this substantial resource. Additionally, whilst early stage, the identification of rare earths in the tailings stockpiles that have been produced in the more than 30 years Sierra Rutile has been operating is potentially very positive for TRG's shareholders."