Templar Minerals Share Discussion Threads

[silveraw] 17/3/2009 08:30

A positive that the Viso problem is now resolved. Georgia not now costing VGM money and a huge forward potential for Iron Ore production.

[fathert] 17/3/2009 07:49

Well really how did you think Lenigas was going to pay for them

[leeming] 17/3/2009 07:47

On this basis, the Company settles a possible claim totalling GBP9 million for
the payment of 200 million VGM shares currently valued GBP1.45 million plus
deferment costs.
Crikey, I've seen some spin in my time but that's got more neck than most.
How about...."we've just lost the co 200mn shares in VGM plus deferment costs because of poor judgement by your board"

[[e-mail]] 17/3/2009 07:42

not a good read this morning iorn worth more than gold

[relishing] 28/2/2009 00:12

No. Sorry to disappoint.

[happyjackal] 20/2/2009 21:40

I have the same frustration as richgit.

Looks like TMP have only 5 weeks to raise nearly £9m to pay Viso Gero Global Inc for their 143m VGM shares (now worth just £1.4m) ... plus find a further $1.7m as deferment cost for extending the deal until 31 March. And depending on whether the deals were in £ or US$, exchange rate movements could make this uglier.

TMP already held 285m shares in VGM (currently worth £2.8m), but these seem to have been offered to Viso by way of security over the deal for the 143m.

How are TMP going to pay Viso? Doesn't look good, especially after TMP's give-away placing in November. Georgia is a write-off and Brazil is an unknown. I am not comforted by the fact two inexperienced young directors have been brought in to join a super-slim board - which in effect allows Lenigas to do want he wants.

Worst case could see Viso merrily walk off with all of TMP's 428m shares in VGM or we might see a load of TMP shares issued to Visio which could see existing shareholders massively diluted or TMP might have to call in the administrators. That said Lenigas may pull a rabbit out of the hat.

Not long to wait.

[fatso] 20/2/2009 13:11

Jumped. I thing it jumps to the tune of POG.
How many shares we have in that goldmine?

[mutley28] 20/2/2009 10:49

Had a dabble in these yesterday as an out and out punt but there did seem to be some selling volume getting cleared. Also seem to remember there being some excitement about these a few weeks back and were written up in the Daily Mail. Anyway, good luck!

[fatso] 20/2/2009 08:47

Why crazy? Great Depression is looming, the best way out is some nice proxy war.
Say, like the good old bun fight between that crazed mullah Khomenei and Saddam Hussein. They kept killing each other by the tens of thousands and we did enjoy
a prosperous life. I do recall that Brazil even kept flogging them fragmentation bombs and some such ordnance. In a war plenty of iron gets used. Brazil has the iron ore, we own the Co able to provide it. It does not look crazy to me. I call it an enlightened foresight.

[osotoro] 20/2/2009 08:37

I rang Dave Lenigas again yesterday, he is away until Monday apparently. I wanted to ask him again why templarminerals.com still states 25% of RVD on their home page. About 7 weeks ago Dave stated that this would be updated very soon. I don't give a flying f about the website of course, it was just a way of trying to ascertain what was going on with the shareholding in VGM and get an up to date figure. Find it hard to believe that this recent bounce can just be explained by charting techniques - there must be some news in the pipeline???
Good luck all crazy TMP holders.

[fatso] 20/2/2009 08:15

Do I spy some bottom nibbling by a small fry?

[8trader] 19/2/2009 17:13

Thanks silveraw and now i have time to read them :-))

[silveraw] 19/2/2009 16:41

8Trader some info. for you

[fatso] 19/2/2009 16:29

true, I bought another 50K at 1.15 and it shows, again as a sell
at Bartex

[8trader] 19/2/2009 16:01

Have they any other investments silveraw and did you say 285 mil Vgm shares ?

ps..all the trades at 1.1p are buys, they have a line of stock that needs clearing.

[fatso] 19/2/2009 16:01

I had a bite, a meagre 50K at 1.1p and it shows as a sell at Barclays trading platform.

[silveraw] 19/2/2009 14:23

Nice one 8T I have topped up VGM and TMP

[8trader] 19/2/2009 13:24

Had a nibble anyway silveraw, there's a seller to be cleared as like
everybody else i managed to get in under the mid price but that suits
me fine.

[silveraw] 19/2/2009 11:21

Nice to see the mm's keeping a lid on the rise in share price this time instead of the huge rise in the share price in a very short time a couple off weeks ago on less trades than we have seen this morning. Followed by a sharp fall back. Good to see some blue on this.

[8trader] 19/2/2009 10:51

Do tell me why as i'm too busy to research intraday !

[maglite] 19/2/2009 10:50

This is one of the most undevalued miners in the sector
dyor.
Regards
Maglite