Tengri Share Discussion Threads

[r g fletcher] 09/3/2015 15:45

Why thank you.

[wave5] 09/3/2015 15:42

Real charmer, that Fletch character!

[swizz] 09/3/2015 13:51

Current stats on the major holders as below, Robust Resources are a whole owned entity of Padiham Resources which in turn is part owned by Stanhill Capital Partners (25%) and the Salim Group (75%)......GL S


Current Shares Outstanding: 107,618,497

Shares Not in Public Hands: 87.3%

Major Shareholders

Name Number of Shares %
Robust Resources Limited 93,831,153 87.3%


Director's Interests

Name Number of Shares
John Levings 100,000

[wave5] 09/3/2015 09:53

Fletch - no, 5% in public domain means only a tiny portion in public domain yes, but this is the marker to value their 95%, so if they want their 95% to be highly valued the easiest way is to get the 5% highly valued. They could vote to take the 5% private, but a) valuing it easier this way and b) they clearly see TEN as worth something or they wouldn't have rolled the assets into it and listed it on AIM! Come back in a year.

[r g fletcher] 03/3/2015 13:07

In other words any buying or selling you do IS TO YOURSELF.

[swizz] 03/3/2015 12:59

w5, not to date.....GL S

[wave5] 03/3/2015 12:58

Swizz, have you seen any info re diamonds evident in their plots? There is low grade gold, but at the very surface, add some diamonds and the project probably gets fast-tracked.

[swizz] 23/2/2015 19:32

w5, the link below is for an Edison research note on Robust Resources from 2014, it also includes the asset detail on what became Tengri Resources, may be of interest?......GL S

[wave5] 20/2/2015 11:45

Son = soM!

[wave5] 20/2/2015 11:45

Cheers, Swizz, will look at all, saw the top one. I also noticed that the kygystani son (their currency) is down 20% last year and accelerating, probably taking its cue from the ruble. This is important as a chunk of the costs will be in some, say half, getting it out just got 10% cheaper. If they drill more and find higher grade in taldybulak (or diamonds), then its a serious multi bagger, and the area is v promising. Fingers crossed!

[swizz] 20/2/2015 11:36

Media presentation in relation to the latest drilling results.....GL S

[swizz] 20/2/2015 11:32

w5, Further comment from JL from some weeks ago and specifically setting out the 2015 plan......GL S


Tengri Resources has a ‘very aggressive’ mine development plan for 2015

[swizz] 20/2/2015 11:11

w5, not that I have picked up on, news and research around these guys is fairly scant, that said John Levings since his appointment does appear to be raising the profile, below is an article from a few weeks back when he was interviewed by Minsite and I am expecting further interviews to be circuited in the days ahead, on the back of yesterday's drilling update........GL S



Tengri Resources Establishes A Serious Copper-Gold Footprint In Kyrgyzstan


Mining fleet at Taldybulak



By Alastair Ford

There’s been a fair old shuffling of the decks lately as far as development assets are concerned, and outlying frontier countries like Kyrgyzstan have been at the forefront of that dynamic.

It’s not that anyone doubts that the country has the resources. Quite the contrary. Kyrgyzstan lies slap bang in the middle of the famous Tien Shan Gold Belt, host to some of the largest gold mines in the world, including Kumtor in Kyrgyzstan itself, weighing in with a hefty 18 million ounces of gold, and Murntau across the border in Uzbekistan, which boasts a whopping 110 million ounces.

Prospectivity then, is not the issue. Rather we are talking about where best companies think they can get bang for their buck. In an environment where gold is no longer pushing north to US$2,000 per ounce, and in which the copper price is falling, such questions assume an even greater urgency.

Gold Fields for one has answered them by pulling out of several of its more far flung ventures. And it’s not alone. Where Gold Fields has pulled out Kyrgyzstan, AngloGold has pulled out Ethiopia and Newmont has been wavering in Peru.

But one man’s exit is another man’s entrance, and in the case of Kyrgyzstan Gold Fields’s departure has provided a golden opportunity for Tengri Resources.

Tengri now controls the old Gold Fields assets in Kyrgyzstan following a succession of transactions involving the once-listed but now private Robust Resources, which is Tengri’s major shareholder. Robust initially took over the Gold Fields assets for just US$5 million, and then flipped them into Tengri alongside some other Kyrgyz assets in a deal that was worth – on paper at least – £27 million.

Along the way Tengri and Robust have had to establish a fairly wide-ranging set of social programmes, as both Gold Fields, and Kentor, which sold Robust the Andash project, encountered significant and vocal opposition to the idea of mining.

For now though, with the change of ownership, that all appears to have died down. Initially, Tengri focussed on Andash but then, when the Gold Fields properties came into the company, the focus switched.

“Andash is a medium-sized, fairly high grade porphyry”, says Tengri’s Non-Executive Director John Levings. “But Taldybulak is ten times the size of Andash, even though it’s a lower grade deposit.”

During the summer the company conducted a significant amount of drilling on Taldybulak, and is now planning to move onto a feasibility study next year. The idea, says John Levings, is to build an open pit with a gravity circuit to take advantage of significant quantities of free gold.

The capital requirement is likely to come in at somewhere between US$50 million and US$100 million, depending on the results of the feasibility and how exactly the mine plan for the existing resource of 6.7 million ounces of gold and 1.67 million pounds of copper develops.

“In the top 200 metres there’s a million ounces of gold”, says John. “That will be the production total. Whether it’s all in phase one is to be determined.”

But if Taldybulak can be brought into production there will be knock-on benefits for Andash too, which would then be able to piggyback off the Taldybulak infrastructure 20 kilometres away. That would please the villagers near Andash, worried about having a tailings dump in their back yards.

With the local issues largely dealt with, John is confident that Tengri can proceed towards the construction phase. That’s a bold claim to make in the current uncertain climate, but Tengri has an ace up its sleeve.

“We do have a strategic investor with deep pockets”, says John. “With that knowledge we know this project will succeed.” The investor in question is the Salim Group, Indonesia’s largest multinational conglomerate whose business interests include a mining investment vehicle. Salim holds its interest through a 40 per cent stake in Robust, which in turn owns 87 per cent of Tengri. For what it’s worth, Gold Fields also still owns a small percentage.

What it all means is that John’s funding worries are not as acute as those of some of his peers. “There’ll be a small raising in March”, he says. “And then a larger one later in the year. Because I think this project will go at current prices.”

[wave5] 20/2/2015 10:47

Hey Swizz, does anyone like Edison do research on this micro-cap? I suppose it all depends on what stanhill's plans are. I would like to see estimates of cash cost per oz, and I want company at some stage to describe what evidence of diamonds they've found.

[swizz] 20/2/2015 09:32

w5, good morning and welcome to the ghost town ;-).....I also added late yesterday after the madness and I agree a slow build approach could be spot on...GL S

[wave5] 20/2/2015 09:26

Hey everyone, new invesror here. I waited for it to cool off, read all about stanhill and robust resources takeover. I am well aware this could take years but I've decided gold may have bottomed and so a slow build might be best. My main reason for buying is that, even it was overpaid for, a company set up with assets of 27$mn of assets with a big backer and a MKT cap of 4mn£ is a decent gamble. I looked at the latest drilling, quite low grade, but there is also copper and possibly diamonds and they are still drilling, and still finding low grade (but very easy to get to) gold, so my main fingers crossed is either a) gold rallies or b) they find higher grades and it becomes compelling quickly. Good luck everyone.

[mike111d] 19/2/2015 12:17

Sometimes it pays to DYOR.

[oilbuy] 19/2/2015 08:06

From a low of 2.2p somebody was buying in the 200ks for the last few weeks and now a positive sign of life emerges !!!

[bam bam rubble] 04/2/2015 19:04

Weasel word RNS of the week

Tengri has made a decision to pursue a feasibility study at Taldybulak'pursue'

We are intending to expedite development towards the feasibility study'intending'

Nothing-statements to paper over the news of binning the Bashkol project
which the management had waxed lyrical over in last year's admission doc;
"Bashkol is along strike from a multimillion ounce producing gold mine and
is very prospective with an exciting target having already been identified"

[bam bam rubble] 05/1/2015 19:12

The presentation squashed and stretched out the chart to make the drop look less steep.
Still looked bad though. All it really did is make the promoter's desperation palpable.