Templar Minerals Share Discussion Threads

[induna123] 26/2/2010 11:54

wattzy, I've sent them an email from their website. Let you know if I get anything or not.

[induna123] 26/2/2010 11:50

What we need here is a stonking RNS update on the IO resource.

[bones30] 26/2/2010 11:15

From the FT:

China demand pushes up iron ore price
By Javier Blas and Chris Flood

[wattzy] 25/2/2010 12:32

Has anyone tried emailing the company, tried it from the website but keep getting the undeliverable message.

I'm well loaded with these as the resource could be huge. I know we hold VGM shares as well, which could be used to finance more exploration rather than issue new shares.

Good luck all.

[bones30] 25/2/2010 12:26

Up on high volume. Down on not much volume. Bodes well.

[induna123] 25/2/2010 10:41

This is what Kiwi is refering to,

Daily Mail on Friday.

Penny share punters chased Templar Minerals, 0.2p higher to 1.175p on a hefty turnover of 11million. The company this week announced a new iron ore discovery in Brazil which dealers believe is fairly huge. The project area is said to hold 25million metric tonnes of iron ore per kilometre, which could be worth £250million to Templar. If so, with a market capitalisation of only £5million, Templar could have a lot further to go.

[wattzy] 25/2/2010 09:48

I've been a buyer, but feeling quite distressed as i'm down a few k. Keep buying though as 1 rns and off we go.

[janestone] 25/2/2010 09:46

I agree kiwimonk. This should multi-bag if they ever release news (its been six months since the last news on Brazil). I believe that the reason for the low share price was a distressed seller.

[kiwimonk] 25/2/2010 09:10

Potski - The 25million Tonnes of I.O per KM was written by a reporter on the Mails finance desk : - They got the total amount of strike length wrong though as there are 80km of strike zone so far which brings potential Iron Ore in their 4 concessions in Paraniba to 2Billion Tonnes of I,O.

Even if that's only half correct the share price should be well into Double figures now - not forgetting the VGM shares that are worth 1.3m gbp.

I.O companies conservatively are being sold on the basis of $1.00 per Tonne.

Do the maths.

Would be v suprised if TMP wasn't on Vales radar.

NAI
DYOR
KM

[edgefund2] 24/2/2010 17:36

Jus hope this is not a suckers rally and we see the usual drop of 8% tomorrow like most of AIM shares platyed out

Hope this is actually generally a breakout

I think a lot of people would be happy with 2p

GLA

[fo77y] 24/2/2010 17:22

lol drof, same here thought at 1p i'd average down a little, bought in at 2p originally...suppose it is the 'law of sod'.

[droftarts] 24/2/2010 17:03

what a bummer, up today but don't get paid until tomorrow, was going to top up at this morning price

[fo77y] 24/2/2010 16:54

just wonder if it was dropped back yesterday to allow those 1m+ buys to get in cheaper today....might be a sign news is due soon, certainly can't be far off

[induna123] 24/2/2010 16:41

60m in VGM at 2.3p = £1.38m

[bones30] 24/2/2010 16:37

Looks an exciting one.

[induna123] 24/2/2010 16:26

Think so, this from the RNS back in september.

Fiji
As previously announced in the Company's 2008 Annual report, the Company
acquired in October 2007, 285 million shares in Vatukoula Gold Mines plc
("VGM"). Subsequently in March 2008, the Company entered into arrangements to
acquire a further 143 million shares in VGM from Viso Gero Global Inc ("VGG").
These arrangements to acquire the additional shares were not completed and
negotiations with VGG resulted in the Company not settling the arrangement to
acquire the additional shares by 31 March 2009. Under a Settlement Agreement
between the Company and VGG, the Company agreed to transfer 200 million shares
of its holding in VGM to VGG as full and final settlement of all outstanding
obligations between the two parties. In addition the Company also made payments
to VGG for deferment costs of US$1.64 million. This settlement agreed by Company
of approximately $3.6 million avoided a total claim of approximately $15 million
as per the original agreement with VGG.


The Company continues to maintain a holding of 60.125 million shares in VGM. The
Directors are pleased with the progress being made at the Vatukoula Gold Mine.
The mine is positioning itself to achieve improved gold production rates over
the coming year. In addition the recommencement of exploration drilling at the
mine and surrounding areas will focus on increasing reserves and resources for
VGM.

[bones30] 24/2/2010 16:24

Does this still have a stake in VGM?

[bones30] 24/2/2010 16:23

Can't get a quote to buy.

[induna123] 24/2/2010 16:23

eye eye, suddenly perking up.

[jonny flame] 24/2/2010 16:21

Yes, probably just bouncing back after the recent sell off. Although I am hoping this maybe due to some up coming news, you never know!

If you are interested in IO projects take a look at BEM & AAAM

[pmer] 24/2/2010 16:16

Thanks, it is looking quite good today

[jonny flame] 24/2/2010 16:00

No idea, but the last update was in August, so it can't be far off!!

[pmer] 24/2/2010 15:04

Does anyone have any idea when we will get any news or an update?

[potski] 23/2/2010 18:53

Kiwimonk - where do you get your figures of 25 million per km i have not seen this number in any of there RNS or stated elsewhere would be interested to understand the source.

Thanks.

[jonny flame] 22/2/2010 16:23

Brazil was second biggest exporter of iron to China in 2009 [ 2010-02-22 ]


Shanghai, China, 22 Feb – Brazil ranked second in the list of countries exporting iron ore to China in 2009, with 140 million tonnes and annual growth of 41.5 percent, indicate figures from China's General Customs Administration.

The top iron ore exporter was Australia, with 260 million tonnes, 42.9 percent more than in 2008, while India was third with 110 million tonnes and annual growth of 18 percent, the official Xinhua news agency reported.

In 2009 China imported 630 million tonnes of iron ore, 41.6 percent more in annual terms, for a cost of US$50.14 billion.

Iron ore imports from Brazil and Australia accounted for 64.4 percent of the 2009 total.

China's biggest steelmaker, Baosteel, is currently negotiating 2010 prices with Vale and two Anglo-Australian mining firms.

Notwithstanding the major growth of Brazilian and Australian sales, the countries with the biggest percentage increase of iron ore sales to China were South Africa, Canada and Ukraine.

South Africa exported 34.13 million tonnes to China (up 140 percent over 2008), while Ukraine exported 11.58 million tonnes (up 150 percent) and Canada 8.65 million tonnes (up 130 percent). (macauhub)