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VDM Van Dieman

0.875
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Van Dieman LSE:VDM London Ordinary Share GB00B03HFG82 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.875 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Van Dieman Mines Share Discussion Threads

Showing 726 to 750 of 950 messages
Chat Pages: 38  37  36  35  34  33  32  31  30  29  28  27  Older
DateSubjectAuthorDiscuss
04/3/2008
13:29
cestnous,

I wonder just how much of the current under performance of small developers/producers on AIM could be due to RAB (and other funds in similar positions) who are having to meet redemptions.

I used to have a list of the RAB SS fund positions - but appear to have misplaced it !!
Chip

chipperfrd
04/3/2008
13:12
CHip.
Thanks for that, as I too am of the opinion that they may sell into strength to help mitigate their Northen Rock debacle. Hopefully the strength will be enough to absorb it.

cestnous
04/3/2008
13:04
Regarding the shareholding point raised by KL:

I have been trying to update my records re significant holdings. This process is not helped by the out-of-date info on the VDM website. But the company did make a presentation in Oct07 and FDC issued a note in Oct07 which both contained figures for shareholders.

So it looks as though Management hold around 24%, RAB have 19.6%, Galena 9.7%, AXA 8.8%, Majedie & New Star around 4.7% each, and the rest have dropped below 3% or have closed out.

It is the RAB holding that concerns me as they would appear to have been closing out/reducing many positions across AIM since the NRK debacle. There has been no notice regarding changes here as yet but perhaps they might be inclined to sell into any strength once production is announced.

chipperfrd
03/3/2008
16:49
Thanks Guys, barring acts of God, this looks like a very good share. I take KatyLied's point but once production starts the future potential should mitigate any immediate selling pressure. No doubt the more speculative shareholders will be replaced by the more cautious investor but there is likely to be plenty of headroom to satisfy their aspirations.

Regards, Maddox

maddox
03/3/2008
08:58
I've rejoined the VDM party at 13p ish. I'm hoping that my profit will pay for a nice Christmas break :)
m5artin
02/3/2008
14:30
Totally agree with Daz's view.

It is likely that the seller is wanting to lock in profit from the 10p purchase price as part of their investment strategy. However, one must remember the risk they took then compared to now. It does appear the risk is significantly reduced now with the equipment all implemented and nearly ready for testing, and a huge bonus with Tin price going ballistic in the near to medium term.

ramnik007
02/3/2008
12:13
Maddox, the other risks that come to mind are delays in production, through commissioning problems or the weather, although at this stage it's unlikely to be much and tin yields from the alluvial mining being less than expected (although they could be higher as well).

The Fox Davies target price of 21p was based on a 2008 tin price of $13,281 and a long term price of $8,000. The research note also includes a table showing the sensitivity of the target price to tin and sapphire prices, the target price increases by 2p for every $1,000 increase in the tin price, so at the current price of $18,000, $5000 higher then the 2008 assumption, would give a target price of 31p and it's also possible they have been conservative with the sapphire prices as well.

The table is on page 5 of the report (link below)

Anyway I bought more last week, if the tin price holds up, this looks great value in the short and medium term.

daz
01/3/2008
23:02
Maddox, read the brokers/analysts notes for valuations.
Take a conservative view and remember that ~33%
of issued shares, cost 10p/share. 15p is 50%
profit, 20p is 100% profit... etc...

katylied
01/3/2008
20:21
OK So why do you think it might it be limited?
maddox
01/3/2008
20:16
It is probably not so much stale bulls Maddox, more likely concerns
about the shedload of shares issued down around 10p. Stands to
reason, big holders will sell down into profit if the
immediate upside is perceived to be limited...

katylied
01/3/2008
17:24
Guys,

Its difficult to see what might upset what looks like a very rosy outlook for VDM. The price I think reflects the stale bulls that have stuck with it through a series of 'delays'. If there is any further delays I can see some investors finally throwing in the towel through frustration but apart from that the outlook is promising. Does anyone have any other concerns?

Regards, Maddox

maddox
01/3/2008
16:45
Cest - true but then it was at approximately 32p two years ago. Damn, I must stop saying that - a share that IC actually got right, I must be hallucinating! Anyway, I'm happy to have got in last week at 13.5 so no complaints (so far).
[Edit - Growth Company said - 10/07 - "... that should bring some welcome relief to investors, who saw Van Dieman's shares plunge from 349.5p in 2005 to 8.5p last July. They have now rallied to 11.75p, valuing the company at £11.6 million.]

pachandl
01/3/2008
15:51
Thanks for your trouble pachandl.

Nice change from when they last reviewed it saying that there was no point in a an obscure Antipodean Co. listing in London. Words to that effect from memory; I think their rec. then was to avoid.

cestnous
01/3/2008
14:52
VDm has a measured and inferred resource base in tin of over $1billion, proven to a Joint Ore Reserves Committee standard. Tin at $17,000 a tonne caused by supply disruption in Indonesia/Bolivia.
VDM has 6yr take-off agreement with Thaisarco for its entire tin concentrate.
Demand for fair-trade non-conflict sapphires increasing significantly. 50:50 JV with Columbia Gem House allowing it to share cutting/polishing costs - quite rare it seems.
Permits for 1st mine, Scotia, production imminent. Weather permitting, should start in March.
VDM now expects permits for its 2nd operation, Endurance (and other mines) to proceed more smoothly. Endurance comes on stream late 2008.
VDM secured senior credit of £7.2m, and has funds of £5.5m raised last October - which should see Scotia/Endurance into production. Buy.

pachandl
01/3/2008
12:04
Anyone got the gist of the IC article? Newsagent sold out. Thanks in advance.
cestnous
29/2/2008
14:58
Ram - interesting. I wonder when they will become a net exporter, or are their indigenous mining expansion plans being directed to tungsten etc.
pachandl
29/2/2008
14:56
According to recent news China remained a net importer of refined tin in January 08, and imports of both metal and tin concentrates were well above corresponding year-earlier levels.
ramnik007
29/2/2008
11:24
Decided to buy in today despite Investors Chronicle giving VDM a buy recommendation. I am sure I will regret breaking my self-imposed rule.
pachandl
29/2/2008
08:12
TIN SETS FRESH ALL-TIME RECORD AT $18,550/T, UP $600 !!! And yet still no move for VDM. Just a bit of PR when production starts should do wonders for VDM.
ramnik007
27/2/2008
18:48
Looks like a shrewd buyer is mopping up stock!
ramnik007
26/2/2008
17:27
Amazing - todays Tin price $18025.00. Looks like $20000 could be on the cards by the time VDM start producing. What a time to start producing.

When VDM announces production of Tin in the next month, this stock should take off in my view!

ramnik007
25/2/2008
13:38
Tin meanwhile hit a record 17,650 usd in early trade against 17,575 usd Friday, before easing to trade at 17,500 usd. Analysts expect tin stockpiles, already weakened by restrictions on exports from major producer Indonesia last year, to continue falling.
chipperfrd
23/2/2008
14:27
ramnik007 - I'd hazard, if I had to, that he was nudged.
At the last AGM, he pointed out that his stake was a large shareholding (no options) and he expected the exec directors would make a lot of money from the mine, so helping all holders.
Since then, other parties have increased both stake and control. He may have lost interest?

jonwig
23/2/2008
14:04
Had this for ages. Looks like its finally about to come good. IF production occurs as expected, I would be surprised not to see 20p plus in the next few months - even in this market.
cestnous
23/2/2008
12:46
Wonder if Clive Trist was pushed out. Does not make sens to leave just when the company is on the cusp of becoming a producer and about to start rolling in the dosh. Also , if pushed, likely to sell his holding as Daz mentioned earlier. Hopefully he will want a decent price for his substantial holding. e.g 20p plus or 30p plus if Scotia gets going, especially with whats happening to Tin and Sapphire price.
ramnik007
Chat Pages: 38  37  36  35  34  33  32  31  30  29  28  27  Older

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