Canisp Share Discussion Threads

[keya5000] 21/8/2010 22:29

Welsh==look at the REE thread's.

Think they are mainly TSX/ASX listed, so we have a bit of a novelty here!

[welshgoat2] 21/8/2010 22:16

any other rear earth metal companies on aim???

[redimp98] 21/8/2010 20:49

I'll be trying for 10 mill at 0.2p. Bargain of the decade, but I doubt there will be opportunity to get in at that level. Fully expect this to be pushing 1p+ once the market grasps the significance of the discovery.
Newsflow should be speedy as Spratley & Co follow up the Juhas report.

[welshgoat2] 21/8/2010 17:20

keya, with demand high supply short, it can only go 1 way.

[keya5000] 21/8/2010 16:04

Very much agree Redimp, you mentioned that SC had some news on further developments of SRSP, could you offer details of this info on that thread?

[redimp98] 21/8/2010 15:48

Not one of the 17 ree, but antimony finds itself in a similar position. The supply/demand problem will become more acute as we head through 2011. With the Goynuk situation, a feasibility study would confirm low extraction costs and an increasing commodity price, dare we say £10k per tonne.

Wouldnt be at all surprised to hear the prospect of a Chinese takeaway at £100m when the Phase 1 Exploration is completed in Jan 2011. At that, the share price would be 2.5p, not bad as a 12 bagger if it opens up at 0.2p. Hopefully TSTR will reject any such offer, but much will depend if they can raise the necessary pre-production finance themselves.

Whichever way you look at it, this stock has potential to be 2011 Stock of the Year. At some point in 2011, this will be re-rated to a £200m Company based on the shallow depth antimony. Sp of 5p, with more to be added on any other precious metal discovery.

Do not be dismayed if you see a 0.2p open. The newsflow will kick this up towards 1p and more in the short term. Website www.tri-starresources.com ready v shortly.

[welshgoat2] 21/8/2010 13:47

stevo agree with keya m8, cant see this dropping much in price, remember not that much shares in free float, this is a brilliant investment read e/m link, china has stopped exporting antomony and prices are £6k per tonne,expect £10k tonne atleast 2012.ive put a figure on 10k tonnes produced £60m rev £20m profit on £4k production cost, after thinking about it it cant be more than £1k production cost that £50m profit on current prices expect £90m profit in 3yrs pe10 £900m mkt cap, and peaple areon about gold. this is the next boom this is the boom.cant wait for resourses and production estimate.

[evolution mutant] 21/8/2010 12:29

These are the media reports we want to hear before listing.Great stuff.

[keya5000] 21/8/2010 12:11

Stevo, If it opens at 0.1p I will be having a shedload more and I expect many others will do the same.

Not sure where the 0.1p stock will come from?????

There will have to be large sellers to get 0.1p, MM's may try to mark it down but I expect they wont get many sellers and if they sell any quantity at that level they may find themselves a bit short.

[stevow] 21/8/2010 08:31

Welshgoat surely because of the nature of the mine being open cast, the minning costs will be lower and so a greater level of profit retained???? It seems alot to think that for every 1 tonne of atimony produced will cost £4k.

What price do you recon we will be opening at??? Im going to go with .1 to start with and quickly move to .2-.3 all IMHO.

Cheers Stevo W

[welshgoat2] 20/8/2010 20:08

redimp98, yepp agree 5p once in production, based on 10k antimony mined @£6k tonnes that £60m revanue, £20m profit pe10 £200m/5p.

[stevow] 20/8/2010 08:41

I heard it was 2 weeks lol

[parrott85] 20/8/2010 00:40

news in 1 week ;-)

[redimp98] 19/8/2010 20:46

Apparently the owner had a few piles of previously mined antimony lying around, not exactly worthless but were described as "museum pieces".

The further details I managed to obtain describe an outcrop of antimony, a bonanza deposit. Remember that this stuff is in short supply and its value continues to increase. Gold/silver is also hoped for at shallow depth. From Jan 2011, the investment funds should flow in to be ready for the bulk mining op to begin. Depends how quickly they can move into production for the £200m Co. (sp 5p) to materialise, based on antimony alone at current price.

[welshgoat2] 18/8/2010 19:45

share-cruise, agree m8 mr h is a grest asset imo, with antomony selling @£6000 per tonne this could well be a multi bagger soon, we need resourses estimate and how far are we to production. i do think the finance is sorted imo, tri-star has been going for 6mths already, bet there is more than just antomony and gold,

[share_cruise] 18/8/2010 18:49

welshgoat2,

if they find/confirm what spratley believes is there then this will be a multibagger and hitting 5p in 2011 Q1 could well be a possibility. On open if lucky enough top up early and leave alone for 5 months to see its real value. MH staying on as executive chairman is a great piece of news imo

[welshgoat2] 18/8/2010 15:33

REDIMP98, hi m8 can you explain your 5p possable by jan 2011, do you mean 5p after consoladation 20x which is .25p in real terms, or 15 bagger £200m mkt cap 5p????????/

[solaking] 18/8/2010 15:03

thanks redimp for your input there.
are you saying the antimony as a whole is/is not of any significant commercial value?
or
are you saying one type of the antimony (the trioxide) is/is not of any significant commercial value?

"The trioxide stockpile turns out not to be of any significant commercial value, I am informed."

i thought antimony was the main thing that we are buying into initially to generate cash that will be use for the bonanza gold/silver thingy?

could you kindly explain further?

cheers, SK.

[redimp98] 18/8/2010 14:12

TX2 over on iii neatly explains the deferred share situation. It is purely a technical adjustment, forget about them. Your CN. shares become TSTR shares on a 1:1 basis.

Highly unlikely that TSTR will be on the acquisition trail in the near future. Mike and his 3 investment colleagues on the BoD will be concentrating on seeking City funds to develop Emin and Vehbi's huge antimony discovery which has been confirmed by Spratley and other geologists.

Share consolidation will surely come once the stock is trading again. Wouldnt be surprised at 20:1. Didnt BHR do something similar?

TSTR at 5p is well possible by Jan 2011 on Phase 1 Exploration data on the antimony alone. The trioxide stockpile turns out not to be of any significant commercial value, I am informed. Any other precious metals will be a lucrative bonus. They are hopeful of a bonanza gold/silver mineral zone next to the pathfinder antimony.

Buying at open on the 27th is going to be difficult.

[solaking] 18/8/2010 11:19

HI ALL,
ANYONE GOING FOR THE AGM?

come to think of it, the company also talked about share consolidation, will that affect the 3.1billion shares also or will just affect us existing shareholders. as they say for every two shares we hold, we will now have one share, and one defferred share which will be worthless so technically our holding will be halved if the go ahead with it. but will the 3.1billion shares be also affected?
anyone know the answer?
Cheers,
SK.

[keya5000] 18/8/2010 10:54

I think future expansion of Tri-Star will be Turkish and when/if it happens would be the purchase/development of other mines in the region.

Only my opinion but given the composition of the board and the share split I can not see another large scale RTO diluting the existing structure further.