Tertiary Minerals Share Discussion Threads

[janekane] 17/1/2014 08:41

Looks like this is just another jam tomorrow outfit

[metex] 17/1/2014 07:20

RNS:

17 January 2014

POSTING OF ANNUAL REPORT AND ACCOUNTS AND AGM

Tertiary Minerals plc, the AIM traded company building a strategic position in the fluorspar sector, is pleased to announce that the Annual Report for the year ending 30 September 2013 has been posted to all shareholders, including the Notice of Annual General Meeting ("AGM").

The AGM will be held on 19 February 2014 at 2.30 p.m. at Arundel House, 13-15 Arundel Street, Temple Place, London WC2R 3DX.

This document is also available on the Company's website www.tertiaryminerals.com

[a.fewbob] 16/1/2014 22:03

Thanks,

Though I must add a good rant every so often makes you feel a lot better. I would recommend it to anyone.

But just pick another bb ;0)

[metex] 16/1/2014 21:59

A.Fewbob....apology accepted....yes!....welcome back to the fold.

[a.fewbob] 16/1/2014 21:56

Ok Metex,

I admit I was a bit out of order and should have vented my anger out on a more just deserved case, of which their are many on AIM.

I suppose PC has done an awful lot to redeem himself with the progress in north America where he has seemingly gotten us a bargain.

Please accept my sincere opolgy which I also extend to you PC if you read this bb.

Am I forgiven?

[a.fewbob] 16/1/2014 21:26

Share options dilluting share holders constantly,

Directors constantly resetting share options at lower and lower prices so they are rewarded on the remotest bit of success,

Shorters being allowed to sell short with stock held in nominee accounts,

What on earth do we ever get? Snippets of information on which to base our investment decisions.

[a.fewbob] 16/1/2014 21:15

It seems to me as though the people accept failure and fruad from AIM because its full of start ups and therefore naturally more risky.

AIM doesn't work anymore. All decent small start ups remain private and get funds from VCTs etc. If they are cr ap and can't raise funds then they list on AIM where mugs pile in.

[a.fewbob] 16/1/2014 21:04

If share holders had a more backbone and the FSA or whatever they are called now actually got off their fat ar se then perhaps small PIs would stop getting fleeced.

[a.fewbob] 16/1/2014 21:01

I'm not the one drawing wages for a decade while achieving nothing. AIM is stuffed to the seems with companies that do just that. Directors that lead on shareholders all the while running businesses that are not and never will be viable.

Then one day they just go belly up.

Perhaps I am being a little overly harsh in this case but then again have you any idea what has happened to Gwadalahara?

Was he being completely honest by indicating that it was still on the table?

I have been investing for a decade and I have learnt the hard way that AIM is full of crooks.

[heyho2] 16/1/2014 19:45

A.FewbobThat's out of order and completely unjustified!

[a.fewbob] 16/1/2014 19:37

TYM all talk and no action.

Kieth Nymer of First Majestic Silver started up his company ten years ago. It has just breached the 10 MILLION oz/annum barrier that qualifies it as a senior silver producer.

How long has TYM been sucking up shareholders money???

Patrick Cheetham, you are a incompetant failure at best and a fraud at worst.

[harebridge] 16/1/2014 18:47

I see JIbbo being mentioned here.A FEW WORDS OF WARNING:This pump 'n dumper ramped the hell out of CNR, quietly dumped, then deramped over there big style (LSE).He'll do the same here & move on!

[metex] 16/1/2014 13:09

Annual General Meeting is to be held on Wednesday 19 February 2014.

Anyone attending?

Setting aside the pending final drilling results at the MB Project....the JORC to come before the end of Q1....and the fact that TYM intends to make it`s application for an Exploitation permit at Storuman....in Q1 2014....find the comments....as previously stated....made by Cantor Fitzgerald analyst....back on the 16th Dec 2013....regarding "infrastructure improvement"....close to Storuman site....very encouraging:

"In the meantime, the project (Storuman) has benefited from the completion of a bulk rail terminal 25km from site that links the area directly with the industrial port of Umea".

Every little helps!....especially in the context of the preparation of the Storuman PFS....DYOR.

[benchmark] 16/1/2014 08:57

Thanks for that Phil - all the best

[philfromfrance] 16/1/2014 08:41

Bench - Thanks for your warning & i have a portfolio of 12 shares, of which TYM now is the largest, by value.
I agree that diversification is important & normally work on a core holding but then trade over that core!! Looking at the waves, we should have a wave 5, which should exceed the other waves, so would look to sell the non core at 13 - 15p!! Quite happy to take any loss on the chin but as i started buying in the low 6's, so do not think that is likely!!
Heavy into AIM at present, as main indexes look toppy & AIM needs to catch up - OIMOT

[heyho2] 15/1/2014 23:04

Some good stuff over on iii bulletin board regarding TYM:Author JibboCnrDate posted today 19:21Subject Value Opinion Strong BUYMessageWhen assessing explorers on AIM it is essential to forecast the potential size of the company's future resource and to place a value upon that. That value needs to be discounted down to reflect the fact that production is often quite a few years off and the full value will only be realised when the company goes into to production. TYM will not be producing until 2017 so the value of its resources will be heavily discounted until then (although the possibility of a jv or sale in the meantime providing an earlier realisation of the resource's value exists). This is the situation faced by all explorers on AIM so when deciding which companies to invest in it is necessary to assess the potential size of their resources and their potential value so that you can compare like with like and decide which companies' current M'Caps appear to offer the best value for money. Factors such as the risk associated with the country in which a company is operating and the longer-term prospects for the commodity that will be produced are also important considerations when assessing potential value.In my opinion TYM scores very highly when a fair valuation of its potential is done and its M'Cap is low when compared to many other AIM explorers who are AT LEAST several years away from production (if they ever get to production that is!). For starters TYM's projects are significantly derisked by the fact that they are in Scandinavia and the USA. There is rightly much talk about Nevada at the moment and Storuman is being overlooked. There is already a substantial resource there to the Indicated JORC level - enough to support at least 103,000 tons pa production over an 18 year mine life. The Scoping Study showed that it should be highly economic with an IRR of 24% at the current fluorspar price, rising to a very attractive 58% if the fluorspar price has risen to $500/ton by 2017 as it is forecast to do. This is a valuable project in its own right and although brokers have discounted it down to 15pps that will rise to 30pps when the PFS is out in H2 2014 and the project is substantially derisked by its Indicated resource being upgraded to Proven/Probable Reserves. The other Scandinavian project, Lassedalen in Norway, also has a value (of around £4 million according to Beaufort).The value of the company will also be substantially increased as soon as MB Nevada produces an Inferred resource in Q1 2014. All of the evidence suggests that TYM has found a genuine world class fluorspar resource in Nevada and the value of that will progressively feed through into the share price as it gets proven up to JORC standards, in stages over the coming months/years. This is a very large resource but it is important to understand that the historical drilling done by other explorers (looking for other minerals/elements) was randomly scattered over some parts of this very large concession. The drillling was not systematic in terms of spacing as it was not designed to prove up a fluorspar resource and the holes are clustered in some areas and more randomly spaced in others. Although the old explorers were mainly looking for other things virtually all of the drill holes hit fluorspar and ended in fluorspar, whether the holes were 25m deep or 400m deep. The ore body is known to have excellent continuity. This continuity has meant that a resource can be estimated with a good amount of confidence, based on the historical data, despite the fact that the drill holes were wide apart in some areas. Based on the historical data the consultant ,WAI, has wire-framed a potential resource of between 395- 615 million tonnes grading 6% (23 -36 million tons of fluorspar) and within that 8.5 – 10.5 million tons at 10%. That is a huge and very valuable resource if proven to JORC Inferred/Indicated standards and it is important to note that it comes from a relatively small part of this big concession. It is odds on that a resource of that size is there given the continuity of the ore body, but TYM needs to infill some of the spaces between the wider drill holes and also confirm the grade (because the old core samples are not available for resampling). TYM's Phase 1&2 drilling has been doing exactly that. In fact not only has it been filling the spaces but it has also been drilling deeper in between some shallow historical holes in some areas. Furthermore, the grades have been generally better than those reported by past explorers. TYM hopes to move a substantial part of the 8.5 -10.5 million ton higher grade resource to JORC Inferred sometime during the next ten weeks. Nevada has currently been given zero value by the brokers (whose 16pps valuations are based on the Scandinavian projects) but that will change once the JORC is published and much higher valuations will be published. We will have to wait to find out what they will be. Fluorspar currently sells for about $375/ton so it is not hard to work out that a potential resource of 23 to 36 million tons is extremely valuable.Compared to many other AIM explorers that have higher Mcaps than TYM, TYM is operating in safe countries and it has genuinely valuable assets that are set to grow substantially this year. In my opinion TYM is very undervalued at its current share price and the risk/reward ratio is very favourable when compared to most other explorers on AIM, who, the statistics prove are very unlikely to ever prove up an economic resource.

[metex] 15/1/2014 23:01

And now the IMF`s six penneth worth:

[metex] 15/1/2014 19:30

More comment on world economy prospects going forward:

[metex] 15/1/2014 18:06

philfromfrance....nice move....and at a time when TYM`s fundamentals are improving....(although present share price extremes....appear to discount this)....and while the macroeconomic climate is slowly improving....albeit with caveats.

This from the World Bank - Global Economic Prospects:



Best of luck with your investment....DYOR.

[benchmark] 15/1/2014 17:55

philfromfrace - it sounds as if you don't believe in diversification! The behaviour of the TYM share price over the last few weeks should make people wary. These good results have been already factored into the share price. The market reckons a price < 10p is fair value at the moment. As I, and other, have said before on this thread, it may take a lot more than a proven resource to trigger a sustained price rise. And there is no certainty at all about a JV. It is salutory to look at the case of Kenmare Resouces (KMR) where, more than 10 years ago they discovered and developed a world-class titanium mine in Mozambique. Great hopes for a bonanza - but the share price has fallen from a high of over 65p in 2007/8 to just 18p today.

The majors have ways of squeezing the minnows when it suits them and there is a long journey between discovering a resource and bringing it into production.

I am not selling a message of doom and gloom - I am simply urging some caution to those who might be persuaded to put their shirt on this company.

[philfromfrance] 15/1/2014 17:42

Well, just allowed me to top up another 200k today & just short of 1m now!!

[metex] 15/1/2014 14:20

AtlanticBridge....lol.

Now looking forward to the final six hole drilling results....must admit....thought that all results would have been out by now.

It has been posted elsewhere....that the modelling for JORC calculations....can be worked on....without all the results being in....(allegedly discussed in a telephone conversation with the company)...although officially....TYM have not told investors through a RNS....that the contract for the JORC work....has been awarded.

Pinch of salt story?....don`t know!

That aside....should the final drilling results....continue in the same vein....(sorry....excuse the pun)....then suspect the results....particulary the quantity of fluorite.....graded above 10%.....will have exceeded PC`s expectations....DYOR.