Titanium Resources Share Discussion Threads

[paul1967] 13/1/2011 11:50

started buying too, Pala will have some good hands on deck to steer this company in the right direction.

[dr_ex] 13/1/2011 11:44

me too, only added once. trying to free up money.

any price targets? there is a realllly big reverse h&d forming, if it breaks 15p, we go north to 30-40p. IMO.

pure based on technicals

[chrisis33] 13/1/2011 11:39

Added 3 times today. Does anybody know if the shares that have been sold were acting as an 'overhang'?

[andrbea] 13/1/2011 07:57

have we been bought out on the quiet?

Upon the Written Resolutions becoming effective, Pala would then not be required to make an offer pursuant to Article 56A of the Company's Articles of Association to the other holders of issued Shares (see further below).

[bookiebuster] 05/1/2011 20:22

20 Aug: Further funding into TXRs operating subsidiary suspended pending discussions with the Sierra Leone government regarding repayment of the company's £31.3m debt. 
  
7 Oct: Repayment of £13.6m via issue of 114m shares to the government is subject to completion of definitive documentation expected to be executed in the next few weeks, at which time the shares will be issued to the government, any default will be cured and the Loan will be in good standing. 

23 Dec: TXR remains in discussions to complete definitive agreement regarding the loan

29 Dec: The loan dispute has been resolved and the request to immediately repay the debt has been formally withdrawn with no claim of default outstanding. Discussions with the government regarding a potential debt-for-equity swap are ongoing however the Board is also considering other options to reduce the debt.

------

The shares were to be issued at the same time as the final agreement. We've now had the agreement without the equity deal and they said they'll look into other options. We can read between the lines here.

[pre] 05/1/2011 20:07

Final Resolution of Loan Dispute with the GOSL
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TIDMTXR

RNS Number : 6300Y

Titanium Resources Group Ltd

29 December 2010

Titanium Resources Group

Final Resolution of Loan Dispute with the Government of Sierra Leone

29 December 2010: Titanium Resources Group ("TRG" or "the Company") today announces the full resolution of its dispute with the Government of Sierra Leone (the "Government") regarding funds loaned by the Government to TRG's subsidiary, Sierra Rutile Limited ("SRL").

Following the announcement on 7 October 2010 of an agreement in principle to resolve the loan dispute, the Government has now formally withdrawn its request for the payment by SRL of all accrued interest plus the accrued balance and capital interest owing. Further, the Government acknowledges that no event of default or potential event of default is outstanding, and that it has no claims regarding any prior events of default which may have occurred.

Discussions with the Government regarding a potential debt-for-equity swap are ongoing, however the Board is also considering a number of other options to reduce the Group's outstanding debt level.

John Sisay, CEO of TRG, commented,

"I would like to thank the Government of Sierra Leone for the support that they have shown TRG and expect that our agreement will form the basis for a long-term and mutually beneficial partnership. We can now focus all of our efforts on the implementation of the first phase of improvements identified in our ongoing operations review, as well as the continued identification of additional measures to further increase production and operational efficiencies."

ENDS

For further information:

Titanium Resources Group

John Sisay, Chief Executive Officer

Telephone: [phone]

Arbuthnot Securities

Nominated Advisor & Broker

Richard Johnson / Hugh Field

Telephone: [phone]

Aura Financial

Michael Oke / Andy Mills

Telephone: [phone]

Titanium Resources Group

Titanium Resources Group is a mining company with operations in the Republic of Sierra Leone. The Group is the country's largest private sector employer and produces rutile and ilmenite for use in industrial applications. The Group's operations have historically accounted for over 65 per cent of the exports of Sierra Leone.

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCLLFSDFTLTFII

[bookiebuster] 05/1/2011 16:11

They made a -£3m loss from operations in H1 so expect more of the same in H2.

The debt-for-equity swap is delayed (read: fallen through) so I expect some other form of refinancing to take place when the strategic review is issued later this quarter. A lump sum repayment followed by a placing to raise further funds is the most likely.

[chrisis33] 05/1/2011 13:39

Bought a few today. Quiet board here.

[tim_the_trout2] 04/1/2011 21:30

Hello to everyone on TXR
Picked up a few of these recently, hopefully my timing is good.

TTT

[pre] 31/12/2010 09:35

staggered that the share price hasn't reacted to the rns....looks like a few shrewd investors are getting in ahead of this sleeping giant awakening!!

[dr_ex] 30/12/2010 11:12

wish the 100k was my buy, i only managed to get 11500 yesterday. lets hope 2011 bodes well for us.

[andrbea] 29/12/2010 17:47

yes, I too was expecting a rise on the back of that.

[jonny flame] 29/12/2010 17:40

Positive RNS today, surprised the share price has not reacted more strongly to this news.

[pre] 29/12/2010 16:38

nice 100k buy after the bell will do nicely....looks like tomorrow could bne an interesting day:-))

[pre] 29/12/2010 11:48

bid rising....another rns which was a bullish update pre-xmas yet to feed into the share price imo....note rutile prices incresaing:-))))

TIDMTXR

RNS Number : 4885Y

Titanium Resources Group Ltd

23 December 2010

Titanium Resources Group Limited

Trading Update and Board Change

23 December 2010: The Board of Titanium Resources Group ("TRG") today issues a pre-close trading update for the year ending 31 December 2010.

Full year rutile production for 2010 is expected to be approximately 68 000 tonnes, which is in line with the updated targets announced in August 2010.

Rutile prices have increased sharply during 2010 with recently concluded contract prices for approximately 22,000 tonnes of 2011 production being at between 19% and 25% above 2010 average contracted prices. TRG remains contracted to deliver in 2011 approximately 34,000 tonnes of production against 2010 agreed delivery contracts.

TRG remains engaged in positive discussions with the Government of Sierra Leone to complete a definitive agreement regarding the loan to Sierra Rutile Limited. The Company will make further announcements when appropriate.

The Strategic Review Committee has completed its first stage of the strategic review, announced at the interim results. TRG's Board has reviewed the Committee's recommendations and has approved a comprehensive set of system and process improvements. The management team are now developing a plan for implementation.

The Board of the Company also announces today that Mr. Wayne Malouf will become Non Executive Chairman of the Company with effect from 31 December 2010 (previously Mr. Malouf was Executive Chairman). All other Board responsibilities remain unchanged.

ENDS

For further information:

Titanium Resources Limited

Wayne Malouf, Executive Chairman

[pre] 29/12/2010 09:18

buys going through at full ask....about to pop!

[pre] 29/12/2010 08:02

Excellent news out....well done TXR:

Final Resolution of Loan Dispute with the GOSL
Share this article
TIDMTXR

RNS Number : 6300Y

Titanium Resources Group Ltd

29 December 2010

Titanium Resources Group

Final Resolution of Loan Dispute with the Government of Sierra Leone

29 December 2010: Titanium Resources Group ("TRG" or "the Company") today announces the full resolution of its dispute with the Government of Sierra Leone (the "Government") regarding funds loaned by the Government to TRG's subsidiary, Sierra Rutile Limited ("SRL").

Following the announcement on 7 October 2010 of an agreement in principle to resolve the loan dispute, the Government has now formally withdrawn its request for the payment by SRL of all accrued interest plus the accrued balance and capital interest owing. Further, the Government acknowledges that no event of default or potential event of default is outstanding, and that it has no claims regarding any prior events of default which may have occurred.

Discussions with the Government regarding a potential debt-for-equity swap are ongoing, however the Board is also considering a number of other options to reduce the Group's outstanding debt level.

John Sisay, CEO of TRG, commented,

"I would like to thank the Government of Sierra Leone for the support that they have shown TRG and expect that our agreement will form the basis for a long-term and mutually beneficial partnership. We can now focus all of our efforts on the implementation of the first phase of improvements identified in our ongoing operations review, as well as the continued identification of additional measures to further increase production and operational efficiencies."

ENDS

For further information:

Titanium Resources Group

John Sisay, Chief Executive Officer

Telephone: [phone]

Arbuthnot Securities

Nominated Advisor & Broker

Richard Johnson / Hugh Field

Telephone: [phone]

Aura Financial

Michael Oke / Andy Mills

Telephone: [phone]

Titanium Resources Group

Titanium Resources Group is a mining company with operations in the Republic of Sierra Leone. The Group is the country's largest private sector employer and produces rutile and ilmenite for use in industrial applications. The Group's operations have historically accounted for over 65 per cent of the exports of Sierra Leone.

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCLLFSDFTLTFII

[maty] 14/11/2010 18:49

lovely looking graph

[jonny flame] 26/10/2010 05:59

No wonder Pala have taken a hefty stake in TXR's long term future, again all driven by Chinese demand.



Osaka Titanium to Increase Contract Prices on Rebounding Aerospace Demand
By Masumi Suga and Yasumasa Song - Oct 26, 2010 5:23 AM GMT+0100

Osaka Titanium Technologies Co., the second-largest producer, plans to raise contract prices for the first time in three years because of higher costs and a recovery in aviation demand, including in China.

The company is close to settling a "mid-single" digit percentage point increase with most of its overseas customers for calendar 2011, Shozo Nishizawa, president of Amagasaki-based Osaka Titanium, said in an interview. The company produces titanium sponge, a semi-processed material that is refined to make lightweight and corrosion-resistant metal used in power plants and by aircraft makers such as Boeing Co.

"The move illustrates that titanium and other material users are ready to accept price increases amid strong demand in emerging markets," said Yasuhiro Matsumoto, a senior analyst at Shinsei Securities Co. in Tokyo.

Air China Ltd. the world's largest carrier by market value, said last month it will buy four Boeing 777-300ER planes for $1.15 billion as passenger numbers gain. Nishizawa, who took office last year, plans to hire more than 100 temporary workers by December to meet the faster-than-expected rebound in demand.

Osaka Titanium rose as much as 2.3 percent and traded 2.1 percent higher at 3,955 yen as of 12:57 p.m. in Tokyo trading, reversing a decline of as much as 2.5 percent. The shares have risen 55 percent this year.

Domestic Growth

Airbus SAS, the world's largest planemaker, said last month it may win orders from Chinese carriers in coming months as the economic recovery spurs demand for travel. Passenger numbers in China have jumped 18 percent this year amid domestic growth and an international recovery in business and leisure travel.

Osaka Titanium will reach full production in the second half of the year ending March 31 and expand capacity in the next fiscal year, Nishizawa said. The cost of titanium ore is rising more than anticipated as demand increases in China and suppliers reopen suspended mines, he said.

The company's overseas customers include Titanium Metals Corp., the Dallas-based supplier of the metal to Boeing. Osaka Titanium also supplies titanium sponges to shareholders Sumitomo Metal Industries Ltd. and Kobe Steel Ltd.

"Raw material prices are going up and we need to prepare for production facilities and arrange for workers in advance," Nishizawa, 62, said yesterday in the interview in Tokyo. "We're likely to settle with most of customers" for higher contract prices, he said.

Osaka Titanium plans to produce at an annual rate of about 27,000 metric tons of titanium sponge in the six months through March 2011, 50 percent more than the 18,000 tons for the first half, Nishizawa said. It will likely raise output by 30 percent to 35,000 tons in the following fiscal year, he said.

To contact the reporters on this story: Masumi Suga in Tokyo at [e-mail]; Yasumasa Song in Tokyo at [e-mail].

[jonny flame] 25/10/2010 10:07

pembek - probably best to avoid your posts.

[jonny flame] 25/10/2010 10:06

Actually it was just those 3. If you look back on all of them you will see that have I been a long term investor in all 3 stocks, so many of the posters know me and have shared information with me in the past. Some of them actually first became aware of these 3 stocks because of my heads up on them and notification that they were worth researching, if you doubt this just ask on the bb's.

I have never seen your name before though.

Best regards,
JF

[someuwin] 25/10/2010 10:04

Moving up nicely.

[pembek] 25/10/2010 09:31

How many threads are you going to ramp this on Jonny? so far i make it MVC,SNRP and BEM.

MUST BE MANY MORE SO BEST TO AVOID.

[jonny flame] 25/10/2010 09:27

Just my humble opinion but I think TXR could be due a substantial upwards movement. DYOR.

[jonny flame] 25/10/2010 08:46

Tick up this morning.