Van Dieman Mines Share Discussion Threads

[paved] 15/2/2008 15:37

Van Dieman Mines - On the cusp of becoming a tin and sapphire producer
15-Feb-2008
So to date, the big investors have focused on Van Dieman the tin miner. But Van Dieman will also be a significant supplier of sapphires. Van Dieman believes there are a number of circumstances in the sapphire market working in its favour.

[andy] 15/2/2008 14:51

Looking good!

[daz] 14/2/2008 12:03

Timing is strange, after years of involvement, you would think he would want to see the project through to completion.

Good news though that company is still on track for March production.

Also think that the chances of a takeover happening have increased, Clive Trist had a big holding, without day to day involvement and possible other projects to fund, I would have thought he'd be happy with a reasonable offer.

[wassapper] 14/2/2008 11:22

CEO gone today (he was not that inspiring). RNS says Trist led company to "cusp of production". Let's hope we hear something soon about actual sales.

[ramnik007] 12/2/2008 19:50

Interesting to note that Tin price rising but share price stagnant. Hope the Feb RNS will not be delayed for a couple of months!

[katylied] 04/1/2008 09:03

...Elsewhere, a newly introduced 10 pct Chinese export duty on unwrought tin, which sets a limit on tin exports this year has helped support the metal's value. Tin was up at 16,550 usd per tonne against 16,400 usd...

[hectorp] 15/12/2007 13:21

There was an interview with a miner in Cornwall the other day on radio 4, he's come back from Canada and has opened up a tin mine.

[cestnous] 15/12/2007 12:22

Nice find Chip.

[chipperfrd] 15/12/2007 00:18

FDC flashnote from 13th.

[daz] 13/12/2007 09:01

Project update



Nice to know the company are on track and there must be a chance that Endurance could come in ahead of schedule if the permitting goes well, which could give some upside.

[arc en ciel] 07/12/2007 11:24

Katy. I met the management of VDM at the time of the float in late 2004. At the time, tin was a "cinderella" mineral, its price languished at about $7,000 a tonne and after extensive closures of tin mines all over the world there were only some three sources of global supply remaining.

The step to re-activate the Tasmanian deposits was at the time a bold one, and definitely required the foresight to predicate a major upturn in tin demand and prices over £10,000 a tonne. Australian skepticism about opening a tin mine then meant VDM chose to float in the UK.

There have been annoying heavy administrative delays since which have been beyond the company's control and assuming mining starts in March 08, it has taken over three years to achieve.

But the fact that other mining companies are only just starting to apply to open former tin mines, as is the case with regard to the UK ones I have instanced which will also have a three-year delay due to permitting and construction before they can produce, I believe clearly demonstrates that VDM was, and is, ahead of the curve.

[katylied] 05/12/2007 15:54

How can they be 'ahead of the curve' when the tin
price is already in record territory and as for
your claim of 'foresight'... I really don't
think H1/2008 was what they originally
intended at the IPO...

[arc en ciel] 05/12/2007 10:57

More on both UK prospective tin mines here:



It's going to take over £17m and a two-to-three year wait to get these mines running.VDM is indeed ahead of the curve

[arc en ciel] 05/12/2007 10:05

Detailed article in today's The Times, page 51, on the re-opening of the open-cast Hemerdon mine in South Devon. Being done by Australian company Wolf Minerals which is paying A$1m to obtain the rights to mine.

Hemerdon has recoverable 40 million tons of tin and tungsten trioxide, "enough to meet the UK's entire demand for this essential raw material (tin) for many years to come".

The article refers to the current price of tin as $16,112 a tonne, an increase of 153% over the past two years and 50% up on last year. One trader on the London Metals Exchange predicted that the price "would exceed $25,000 per tonne. The whole story on tin is ultimately set around uncertainty about supply"

However mining at Hemerdon, despite being from a known deposit with existing planning permission, is "not expected to resume for three years".

It may take until Q108 to get Scotia going but Van Dieman is still well ahead of the curve. VDM has spent three years itself getting to the mining stage since commencing operations (when the tin price was $7,000 a tonne) and is reaping the benefits of that foresight now.

[its the oxman] 03/12/2007 10:39

nice to see a bit of real momentum here at last - hopefully we'll have enough legs to consolidate around the 20p mark

[papalpower] 03/12/2007 09:50

Not always the case - if a large lump of stock becomes available, it can easily fall back.

With the bid being so high, the MM's will be asking around major holders to see if they want to sell some.

[59david] 03/12/2007 09:44

Thanks - presumably this indicates that price more likley to rise than fall at the moment

[papalpower] 03/12/2007 09:42

Means imv that stock is short, buy orders are being filled, however they do not want to give the game away.......

The difference means that you could not make money with dealing costs etc....

[59david] 03/12/2007 09:40

Can anyone explain why I can currently buy 10,000 online with selftrade at 17.97 but can sell 10,000 with them at 18.01? Does this mean that someone is desperate for stock?

[daz] 03/12/2007 09:17

Another leg up, someone's keen!

[papalpower] 03/12/2007 08:29

The revival continues....

[katylied] 02/12/2007 19:57

The FoxDavis note of 1/10/2007 had Scotia production starting in H1/2008. The Edison note of 9/11/2007 had full production from Feb 2008. The company's earlier 'end of 2007' schedule (interims), never really looked likely...

...If you want to worry about more than just the conveyors, worry about the power line...

Well, no... not really. Perhaps you should have read more...

...However we have all the stand-by generators on site and will,
if necessary, utilise those for short term power supply...

[katylied] 02/12/2007 15:56

True Daz, and so far, sentiment appears to be holding up.
However, the article does also say...

"...feedstock for commissioning of the treatment plant in February..."

So Feb/March, either way, production is next year.
But then again, I doubt anyone is really surprised,
and that is not so long to go now...

[daz] 02/12/2007 14:59

KL - thanks for posting that, so production now in March.

Re the conveyors it does go on to say '...production is not expected to be delayed, as it will be achieved from ore stockpiled in the interim for that purpose'