Titanium Resources Share Discussion Threads

[moreforus] 15/9/2010 15:48

fair few buys coming in now

[moreforus] 15/9/2010 15:46

but look at where we can go back to (-;

[tiltonboy] 15/9/2010 15:44

Seems to be a bit of stock around; I took 250K at 6.48p

[moreforus] 15/9/2010 15:36

took 50k GLA

[moreforus] 15/9/2010 15:33

market seems to like it...

[littlemadam] 15/9/2010 15:32

Fantastic news, I think.

[moreforus] 15/9/2010 15:31

blue

is this good news?

[littlemadam] 15/9/2010 15:15

At last an outfit able to realise the potential here. This one just came awake.

[gary1966] 15/9/2010 15:12

Interesting developement. Hopefully a bit of a shake up now.

[littlemadam] 15/9/2010 15:06

RNS out. Should fly now.

[maty] 06/9/2010 12:07

what is going on here? should be going great guns all the money in the bank and titanium etc, what is the problem?

[jj45] 25/8/2010 18:44

2 delayed sells ?, 2million shares @ 6p...

24-Aug-10
16:31:01
6.00
1,000,000
Sell*
6.00
6.50
60.00k

24-Aug-10
15:18:37
6.00
1,000,000
Sell*
6.00
6.50
60.00k

[whibbled] 21/8/2010 14:29

From the Press.....

[induna123] 20/8/2010 16:07

Probably go back up on Monday.

[moosh2] 20/8/2010 15:58

this looks a bit overdone to me!?

[jj45] 20/8/2010 14:40

6.5p now, down 22% ! How much is the outstanding loan ??

[tobythedogk] 20/8/2010 14:38

Very unlikely to be kicked out. CEO is nephew of the president. GOSL will be looking for a bigger stake - looks like more dilution.

[jj45] 20/8/2010 14:03

RNS Number : 4135R
Titanium Resources Group Ltd
20 August 2010

Titanium Resources Group Ltd

Update

20 August 2010: Titanium Resources Group Ltd ("TRG" or "the Company") announces a revision to the estimate of full year production volumes from its Sierra Rutile mine, an update on the Dredge D3 project, and suspension of capital funding to its subsidiary, Sierra Rutile Limited ("SRL"), pending discussions with the Government of Sierra Leone ("GOSL") relating to the SRL/GOSL loan.


As noted at the AGM in June 2010, production during the first half of the year was adversely affected by operating disruptions to Dredge D1 and the D1 wet plant. The causes of these disruptions have been substantially corrected and production is steadily improving. For example, July 2010 production was up 13% over June 2010. Based on an analysis of operations however, management projects that while SRL should meet the production target of 15,000+ tonnes of ilmenite in the current calendar year, the steadily increasing production rate is not sufficient to make up the production loss in rutile and zircon experienced earlier in the year. Rutile production for the seven months to the end of July 2010 amounted to 37,164 tonnes and the production for the full year is now expected to be in the range of 64,000 to 70,000 tonnes. This year's Zircon production is expected to total approximately 9,100 tonnes.



The GOSL claims that SRL has failed to make certain interest payments when due and therefore all principal and accrued interest under the GOSL Loan is technically due. SRL disputes the claim on the basis that during and after an agreed moratorium on loan payments, the GOSL and SRL were in discussions regarding the GOSL Loan. SRL has paid the amount of outstanding interest immediately requested by the GOSL and is in discussions with the GOSL regarding the GOSL Loan. SRL has made it clear that it is ready, willing and able to make all outstanding interest payments due if requested by the GOSL. SRL and the GOSL have also agreed to discuss a range of matters of mutual interest. The Company is suspending further funding into SRL pending the successful conclusion of discussions with the GOSL.



The Company has spent approximately US$150,000 of the approximately US$20 million raised for Dredge D3. Most of the funds spent relate to design and cost analysis to determine ways to reduce capital costs and improve operating efficiency. As a result, the Company is further considering alternatives which it believes may be more cost efficient to deliver the production increase.



Commenting on today's announcement, Wayne Malouf, Executive Chairman of TRG said:



"The causes of the reduced production have been addressed and production is steadily improving. The disagreement between SRL and the Government of Sierra Leone is unfortunate, but based on recent interaction with the Government, I am hopeful it can be resolved in short order. As the new Executive Chairman of TRG, I have begun a complete review of the business with the goal of making the changes necessary to turn the Group to profitability and maximize shareholder value."



--Ends--

Looks like they could be kicked out of Sierra Leone !

Bid / Ask 7.0 - 7.5 (-14.42%) yikes !

[amazon_woman] 03/8/2010 15:29

Spread closed 9.15p to sell 9.23p to buy they are Bs for that putting buyers off.

The 200k looks like a worked buy from earlier.

AW

[giant steps] 03/8/2010 15:24

AW, you know planes are scheduled to depart at different times
so it's the unscheduled departures that need to be observed !

Enjoy the flight !

[p@] 03/8/2010 15:19

about time!

[amazon_woman] 03/8/2010 15:17

No will pop over still in them.

This is climbing nicely can't say the same for that one LOL

AW

[giant steps] 03/8/2010 15:13

O/T

AW, are you up to speed on themac news ?

[amazon_woman] 03/8/2010 13:47

Being quoted 9.5p for 25k now it is about to move higher.

The placing was at 10p so anything under that is a bargain IMO etc etc. I read an article saying how TXR was one of the best titanium plays, need to look it up.

AW

[amazon_woman] 03/8/2010 13:16

Yep look at that chart perfect. I have bought back in but they are not showing the buys. Online buy limit 25k.

AW