Van Dieman Mines Share Discussion Threads

[jonwig] 22/7/2007 11:41

FT on tin price rise - partly speculative, but also underpinned by fundamentals:

[jonwig] 21/7/2007 09:48

Yes, nick. Fortunately it was more a markdown than a selling wave, but there may be a potential overhang of stock from the placees.

I see the tin price closed at $15,400/t - an all-time high.

[nickcduk] 20/7/2007 10:04

I think the placing the other day was extremely badly handled and hence the resultant trashing of the share price. To issue shares at such a discount and to then throw in free in the money warrants was a disgrace. I would imagine they probably did it using their old broker and wanted to just get it away at any price. Management really don't want to communicate with shareholders either which is probably causing a few shareholders to throw in the towel. Its not good.

[jonwig] 20/7/2007 09:59

Remember the big seller who was offloading lots of 250,000 shares at a time from March through May.
No reported trades yet, but he may still be at it.

[jonwig] 20/7/2007 08:36

So we can expect a research report from them in due course?
About time we had something up-to-date!

[vanbrussel] 20/7/2007 08:34

Great move, they have learned me a lot over the years

[jonwig] 20/7/2007 07:51

More on positive outlook for tin prices. Not inventory position into next year:

[eggbird] 20/7/2007 07:49

Van Dieman Mines Change of Broker


RNS Number:5680A
Van Dieman Mines plc
20 July 2007

Van Dieman Mines Plc

Van Dieman Appoints Fox-Davies as Broker


Van Dieman Mines Plc ("the Company") is pleased to announce the appointment of
Fox-Davies Capital Limited ("Fox-Davies") to act as the Company's AIM broker
with immediate effect.

[red river 1] 19/7/2007 09:31

Tin future for the next few months looks very healthy, can't undersatand why the price of these is going down therefore.

[jonwig] 19/7/2007 06:52

Tin price nicely up:

London Metal Exchange tin blitzed the rest of the complex Wednesday as funds leaped at a technical play that market participants seedriving it higher.

LME tin jumped almost 5% Wednesday, to end just shy of $15,000/ton, short ofits $15,100/ton April high.

The metal has been traded around $14,000/ton since mid-May, traders said,which added fuel to the breakout, as buy stops were triggered at key technicallevels all the way up.

Already, analysts have warned of a "new nickel or lead" in the making, with technical indicators for the metal pointing as high as $16,000/ton, said UBS analyst Robin Bhar.

Like the lead and nickel markets, the tin market is relatively small, with supply side stresses, and dominated by one or two "very, very large funds,"analysts said.

In the coming days, LME tin is set to challenge$15,100/ton hit in April whenIndonesian supply problems kicked in, market players said.

[wassapper] 18/7/2007 07:54

It's really not a bad discount given the spread etc. I hope this is all they need to get going. We need operational updates now.

[jonwig] 18/7/2007 07:19

This is a pretty low price.
They also said previously that they wouldn't need to raise more funds.
I suppose the amount is small change - working capital needs following prolonged delays, but it's disappointing that they couldn't manage nearer 15p - plus the warrants, too.

The Board of Directors has today announced that the Company has raised £0.237
million (net of expenses) by way of a placing of 2,000,000 new Ordinary Shares
at 12.5 pence per share ('Placing') and the issue of 1,000,000 warrants to
purchase Ordinary Shares at 15.25 pence per share at any time up until the fifth
anniversary of the warrant instrument. The placing shares and warrants have been
placed with an institutional investor.

[jonwig] 13/7/2007 14:13

Malaysia's tin price halts downward, rebounds on strong buying

Singapore (Platts)--13Jul2007

The average Malaysian tin price on the Kuala Lumpur Tin Market this week
halted the downward trend seen the previous week and rebounded further above
$14,000/mt, according to figures gathered from the bourse.
The price rose to $14,115/mt, up $91 from last week.
Despite the firmer average price, a KLTM source said the price was fairly
weak. "The price on was an upward trend early this week but lost momentum on
Thursday and began to slip," he said. Buying interest, however, remained
strong. He added that the KLTM price was currently in line with steady tin
prices on the London Metal Exchange which were above $14,000/mt.
The KLTM price climbed to $14,130/mt on Tuesday from $14,100/mt on Monday
on strong buying interest on firmer tin prices on LME. It continued to rise to
$14,180/mt on Wednesday but lost the upward momentum and slipped to $14,130/mt
on Thursday on weaker LME tin prices. The price, which was under pressure from
buyers, failed to reverse the downward trend and fell further to $14,035/mt on
Friday.
Meanwhile, turnover totaled 351 mt this week, up 106 mt from 245
mt the previous week.

[jonwig] 04/7/2007 07:16

Nice find, Bo D!

Of course, the busy exploration efforts will lead to more supply much later on - meanwhile we can supply now, and at these high prices!

[jonwig] 03/7/2007 07:48

novicedave - you're right, they don't.

I must admit having skipped the Griffin bit. The article makes and brings together a lot of decent general points, though: for example the mock-up chart on page 9 is pretty well-known.

[novicedave] 03/7/2007 07:38

jonwig- its worth reading but you have to be VERY sceptical about any report which claims griffin mining can be used to illustrate the typical share price chart of a miner moving into production: perhaps Edison didn't notice but over the time period of the chart the price of zinc quadrupled.

Bloody hell- even in their 'case study' of GFM they don't mention the price of zinc.

[jonwig] 03/7/2007 07:32

Just published by Edison Research, coverage of ten junior AiM miners about to come into production:



VDM not in the list, but a lot of general points made should apply.
(Need to register, free.)

[jonwig] 30/6/2007 09:34

Indonesia plans tin futures contracts

Diah Maulida, director general of foreign trade, said the Jakarta tin exchange would start up within five years. Initial studies will be prepared by Indonesia's Futures Exchange Supervisory Board.

Indonesia's tin production is expected to fall by 25% this year to 90,000 t after tin exports were halted in February owing to an investigation into illegal mining on the island of Bangka.

Tin for three-months delivery on the London Metal Exchange was trading at US$13,950/t this morning.

Tin is used in the production of bronze, pewter and die-casting alloys, and increasingly as a lead-free solder.

(Bloomberg June 29)

[jonwig] 30/6/2007 08:50

Comment on TMF from Colin, with my reply:



This seems better and better every time I look at the numbers.

[bo doodak] 29/6/2007 19:25

Jonwig, nicely placed we hope!

Its all beginning to look very promising, but I anticipate waiting quite a while til the share price starts to reflect it.

[jonwig] 29/6/2007 19:05

Bo D.

My Google was for "Modern Jeweller" (as per the company) but it's called "Modern Jeweler", and Google didn't seem to pick it up.

I notice they've repeated the A$83m pretax JORC resource for the 1st stage.
They first announced it in December 2006, where they spoke about basing it on tin prices rising to US$10,000/t.
Look where we are now!

[bo doodak] 29/6/2007 18:52

No problem jonwig, it was worth the effort I think, it does appear to be a good mag for all kinds of future research.

[bo doodak] 29/6/2007 18:39

Black spinel