Titanium Resources Share Discussion Threads

[hectorp] 23/2/2011 17:18

The rare earths mention got me interested.

[goodboke] 23/2/2011 16:32

are these quoted elsewhere anyone?

[notready] 23/2/2011 14:00

I have just increased to 350k shares in my SIPP for the medium/long term.

Will await developments now.........

[chickenchowmein] 23/2/2011 13:48

Not ready

Yes, I will hold onto these, could be a biggy baggy. This is not early exploration here and the rem statement is very interesting, that itself deserves some attention

[notready] 23/2/2011 13:41

Chicken,

Between them, Pala and M&G own 58.05%. An attractive position for a bidder.

[chickenchowmein] 23/2/2011 13:38

Given the size and quality of the Sierra Rutile asset, the company is presently reviewing several options to substantially increase production at the mine and intends to release an updated Ore Reserve statement and associated expansion plans on completion of these studies. These expansion plans will be designed to take advantage of this world-class asset and the significant positive market fundamentals for premium heavy minerals products such as natural rutile.

[chickenchowmein] 23/2/2011 13:15

I wouldn't be worried about the placed shares, they have gone to safe hands. Infact It looks like with them now having 38% we may be looking at a bid for these.

[chickenchowmein] 23/2/2011 12:04

REms will be cheap to extract ?

[chickenchowmein] 23/2/2011 12:01

This is what the Market has picked up on

Rare Earths

As part of management's strategic review, and an added benefit of preparing the Mineral Resource, TRG identified the presence of significant rare earth mineralisation in the tailings of the mineral separation plant. These tailings, which have stockpiled over more than 30 years of operations, have the potential to add significant value to TRG. Studies are ongoing to quantify the type, extent and commercial potential of the mineralisation.

John Sisay, Chief Executive Officer of TRG, commented:

"As part of the ongoing strategic review, TRG is pleased to confirm a substantial 600 million tonnes Mineral Resource at Sierra Rutile, making it one of the largest natural rutile deposits in the world with an in-situ value, at current market prices, of almost US$8 billion. We will be working methodically over the coming months to evaluate a number of options available to expand production and derive maximum value from this substantial resource. Additionally, whilst early stage, the identification of rare earths in the tailings stockpiles that have been produced in the more than 30 years Sierra Rutile has been operating is potentially very positive for TRG's shareholders."

[bushtuckaman] 23/2/2011 11:55

I wouldn't use "in-situ value of $8 billion" as any kind of gauge of this company being undervalued folks. As an example CHL has an in-situ value of around $120 billion and a mcap of £95m

[dr_ex] 23/2/2011 11:47

probably good to get a shake out and then we can rise some more.

surely our mar cap should equate to like in the 30-50p now.

wrt to previous questions, i got 10000 shares on hsbc invest direct this morning at 12, so only a small amount.

good luck all,

[big gerry stephenson] 23/2/2011 11:40

BARNPOTPETER GOING FOR THE HUGE TXR RAMP ON THE CR PUMP THREADLOL
COMING CRASHING DOWN NOW ON THE DUMP.

[ihavenoclue] 23/2/2011 11:36

safman - 23 Feb'11 - 11:07 - 1773 of 1777


A lot have latched onto the £8bill figure... much as the company has it, it is "in-situ".....

saffy..

========================

Pretty sure the figure being bandied around is $8b and not £8b

[equitydealer007] 23/2/2011 11:17

well this looks more like a major retrace than it does a tree shake??????

[chickenchowmein] 23/2/2011 11:12

Hi all

It was the rem, that caught my eye, as well the sheer size of the resourse. I bit sneaky puting it out late. But this isn't carrying much value

[safman] 23/2/2011 11:07

A lot have latched onto the £8bill figure... much as the company has it, it is "in-situ".....

saffy..

[tomoslewis] 23/2/2011 10:46

Ihavenoclue it was only 8000 shares, when anticipating price movement on a stock, with barclays I try and keep early deals below a £1000 so that they stand a chance of being processed. A limit order did not go through, this was an online trade as soon as the market opened.

[ihavenoclue] 23/2/2011 10:35

sif12 ... oh sorry .. I thought you meant them. Obviously not woke up yet ;)

Not sure about trading platforms. I just like the PriceBeater they have and most of the time getting an actual price to buy at .. someone HSBC wouldn't do.

They are even good at some limit orders when the price is fluctuating as I managed to buy some of my VAL at 0.7p before dumping 5 hours later at 1.85p :)

[sif12] 23/2/2011 10:28

sorry ihav


you referenced barclays, but im with tdw..is that the same trading platform?

[ihavenoclue] 23/2/2011 10:26

Tomos ... yes they are good with the tiny chunks but anything normal sized sometimes they choke on.

Can I ask the size/amount of your deal ?

Regards
IHNC