Tertiary Minerals Share Discussion Threads

[metex] 01/5/2014 10:12

New Full Company Presentation 30th April 2014:

[metex] 01/5/2014 08:21

Beaufort Securities Investors Evening Presentation 30th April 2014:

[metex] 30/4/2014 21:54

Mexichem high profits partially offset by fluorine underperformance

[metex] 29/4/2014 08:48

Fluorspar snippet:

Processing issues keep Vietnam fluorspar at bay in 2014

[metex] 25/4/2014 08:38

Beaufort Securities Breakfast Report:

Tertiary Minerals (LON:TYM)

Yesterday, Tertiary Minerals issued a statement regarding the recent drop in share prices. The company noted that the recent decline in the share prices was despite the company's positive reports relating to the maiden JORC compliant Mineral Resource Estimate for the MB Project. Tertiary declared that the directors were not aware of the reason behind the movement and attributed it to a probable act of profit-taking. Tertiary reiterated its confidence in its future prospects. The stock climbed 10.7% in yesterday's trade.

Our view: Tertiary Minerals has been progressing well at the MB Project and has identified potential for a substantial upgrade in the resource in Navada region, hosting the prospect. Earlier in the month, the company had announced ~100% increase in total JORC-compliant fluorspar (CaF2) mineral reserves across three projects – Storuman, Lassedalen and MB project – to 7.8 million tonnes (Mt). Indicated and inferred JORC-compliant resources for MB fluorspar project were reported at 38.4 million tonnes at 10.4% fluorspar grade. We feel that the fundamentals of Tertiary Minerals are strong and that the company has the potential to become a leading supplier of fluorspar globally. We reiterate a Speculative Buy.

Beaufort Securities Limited acts as joint corporate broker to Tertiary Minerals

[metex] 24/4/2014 19:48

London Evening Standard coverage:

[a.fewbob] 24/4/2014 19:04

Not sure just how much "cheap" work they have left to do. They have done remarkably well with so little money to date but sooner or later they are going to have to start spending money.

[the888account] 24/4/2014 18:52

Your probably right Bob - just a bit boring though!?
Could be here for years!

[a.fewbob] 24/4/2014 18:48

AAA,

I think they are going to keep progressing the projects on a shoestring budget untill they need to step up a gear with proper money at which point they could use other options open to them such as selling a project, partnership, off take agreement etc etc.

[a.fewbob] 24/4/2014 18:21

Cantor

"The target price moves to 18p from 16p"

[benchmark] 24/4/2014 14:02

Thank you nigthepig

[metex] 24/4/2014 13:41

Tertiary Minerals price is attractive entry point, says broker

By Giles Gwinnett April 24 2014, 11:56am

The MB tonnage is more than twice the amount the broker had previously included for the project in its resource-based valuation

Broker Cantor Fitzgerald has lifted its price target on fluorspar explorer Tertiary Minerals (LON:TYM) by 2 pence, saying the current lower share price is an attractive entry point for investors.

Last week, the company published a maiden JORC compliant estimate for its MB project in the US, which doubled the tonnage of fluorspar contained within the Nevada-located deposit.

Shares in the group, though, have dropped to 7p from around 10.5p since that news was released, though today shares are up slightly - 1.79% at 7.125p.

Tertiary said it knows of no reason for the sharp fall in the share price, with the company confident over its future prospects.

Cantor analyst Asa Bridle said profit taking following the announcement has seen the share price fall close to the 200 day moving average.

He also noted the 38 million tonne maiden estimate at MB gave a "good" indication of this project's size and was already the firm's largest fluorspar resource (of its three JORC compliant projects) with 4mln tonnes of in-situ calcium fluoride (CaF2).

The MB tonnage is more than twice the amount the broker had previously included for the project in its resource-based valuation.

"Furthermore, the deposit remains open in all directions and hence has significant potential for further expansion," highlighted Bridle.

"With the JORC estimate providing greater confidence, and metallurgical test work results to come on MB ore, this lower price level looks like it is an attractive entry point for investors," said the analyst, repeating a 'buy' rating.

The target price moves to 18p from 16p.

[nigthepig] 24/4/2014 13:39

Each to their own and their perception of what and how they are saying it. Like you Benchmark I have been here for so many years and without doubt this has been my most successfully traded share in the last decade. Been adding again recently and without wanting to sound arrogant I am very confident I will make a worthwhile profit again in the medium term. I hope you and all others achieve their goals here.

[benchmark] 24/4/2014 13:21

After approximately 15 years since first "investing" in Tertiary, I have seen the ups and downs more than most. I don't see any attempt to ridicule anyone else here. However, if one doesn't like, and won't address, hard questions then perhaps an investment board is not the place to be. All I have ever asked for on this thread was that posters would be balanced and attempt to point out the potential risks as well as the rewards. I, and a few others, have mentioned the consistent over-emphasis on the bullish tone adopted by the nost frequent poster. Granted, the poster has spent an enornomous amount of time and effort compiling technical information from various sources and recognition is due for that alone. However, the usual one-line disclaimer of the sort "Everyone should make their own investment decisions" and ending with the inevitable "DYOR" cannot in ANY way be construed as achieving balance. Unfortunately, people do make BUY decisions based on such information, generally not realising that it is grossly incomplete.

[nigthepig] 24/4/2014 12:14

This thread is rapidly descending into nonsense. People trying to ridicule others when they have no better evidence or input of their own. The truth or reality is probably somewhere in the middle of everyones comments. This share can turn at the drop of a pin in either direction when you least expect it. Traded this for so many years I've witnessed so many highs and lows.

[benchmark] 24/4/2014 11:36

Now let me try and interpret paras 3 & 4 above: "If if were not for the fact that TYM is in a close period then Directors might have used their normal tools to purchase shares to counter the price movement pressure caused by a conscious (?), focussed shorting attack against TYM". Talk about speculation built about hypothesis built upon speculation! The writer is watching too many fantasy films! This is outlandish stuff. It is as plain as day that the market doesn't presently see any short-to-medium term value in TYM. If it did then there would be more BUYs than SELLs. It is actually quite the reverse, indicating that the market, at least for now, sees better value elsewhere.

TYM's announcement this morning looks like little more than an attempt to attract attention to itself.

apfindley is quite correct - there are far far more announcements concerning share price movements when the movement is upward rather than downward.

[metex] 24/4/2014 10:30

Dot...Dot....Dot....Dash....Dash....Dash.

RNS - Official share price movement clarification it is....but with no specific mention of it in the RNS....doesn`t look like there is going to be anymore "fund raising"...in the near term.

Plus....there is also the possibility....that TYM is presently in a "closed period"....prior to release of their Half Year Results....hence Directors are not allowed to purchase shares....which is one of the normal tools....they could have used to express confidence in their own company....in the face of such share price movement.

Whoever is/was at work...."shorting" here....(as it appears not to be a case of general negative sentiment against TYM....but a conscious....focussed attack)....they seem pretty determined.

But....for bears and bulls...."saying of the day":

"Always expect....the unexpected"....all IMHO and DYOR.

[acta_topup] 24/4/2014 10:25

agree with you there apfindley - a very bizarre and frankly amateurish RNS that will have the opposite outcome to the one intended

[nigthepig] 24/4/2014 07:55

Not unusual to release this at all. Unusual share price movement can be (and regularly is) up or down for no apparent reason.

[apfindley] 24/4/2014 07:33

Sounds to me like the directors wanted to raise finance but after their last pumping rns the price ended up going the wrong way so theyve had to release a rather unusual no reason for movement rns.Funny because normally companies report no reason for movement when the price goes up not down.This seems like a desperate rns to me because they dont like the price going down.Lol

[metex] 24/4/2014 07:30

Interesting!

24 April 2014

Re: Share Price Movement

Tertiary Minerals plc, the AIM traded company building a strategic position in the fluorspar sector, comments on the recent share price movement below:

"The Directors of Tertiary Minerals note the recent downward share price movement following the positive announcement of its maiden JORC compliant Mineral Resource Estimate for the MB Project which has doubled the tonnage of fluorspar contained in the JORC compliant Mineral Resources under the Company's control. We recognise that our shareholders have been supportive of the Company and as the Company's share price has appreciated significantly as a result of the development of its projects, shareholders periodically may wish to realise any gains made on share price appreciation. However, the Directors believe that the Company's recent share price movement is exaggerated and unjustified. They confirm that they know of no reason for such movement.

The Company continues to execute its stated strategy of building a strategic position in the fluorspar sector and is well positioned to provide future supply of this important industrial mineral. The Directors are confident in the future prospects for the Company".

[philfromfrance] 23/4/2014 19:50

Anyone taking a longer term view should see a good return at these levels, as long as they are not shaken out in technical retraces or mm's bringing the share price down to fill larger orders now that the resource has benn 'JORCED'!!
While the minnows are selling out, very happy to pick up more & more & 250k today (the 200k at mid price of 7p, was my main buy today on a limit order from just after the open, when it looked as though they were going to take it down again)!!!
Now 1.75m & got enough to pick up the last 250k, if the price really tanks, as some ta analysists are calling 5.5p, which i doubt but it's AIM after all!!
Good luck true holders & for the rest, sell up & move on - the sooner the better, that money is burning a hole in my pocket!!! lol

[nigthepig] 23/4/2014 17:38

Added a few more today. Impossible to say where the bottom is here but I see far more upward potential and only limited downside. I'm usually wrong so I must call it right sometime.