Tertiary Minerals (#TYM) – “proposed fundraise and Capital Access Window”
- 2026-09-21 06:57:49
Tertiary Minerals (TYM) has always been one of those companies that has promised a lot based on the potential of its resources in the ground, yet never seems to make much progress towards actually extracting any of them, whilst burning through cash and having to raise more at regular intervals.
Tertiary Minerals (TYM) seems to think that its investors are the dumbest folk going and with the shares up by 75% at 0.32p maybe it is right for today’s news of a £600,000 placing is just an almighty spoof. For starters this is not a £600,000 placing!
Hello, Share Followers. When shares in Tertiary Minerals (TYM) shot up by 350% one day last week, it was thought by some that I was recommending this gold prospector. Sorry about any confusion, but I did caution that the jump didn’t seem worth it. Let me briefly outline the history of my holding with this company...
At eleven minutes past ten this morning AIM-listed penny-dreadful, to quote poor Malcolm Stacey, Tertiary Minerals (TYM) announced a placing of one hundred million bits of confetti at 0.275p to raise just £275,000 (before expenses) and a shiny new Broker in the form of Peterhouse, which arranged the issue and is set to receive five million warrants at the placing price. Nice work for the flippers – especially since the shares were 0.41p immediately before the announcement and thus the discount was a tasty 33%. And compared to the 0.87p the stock hit in the wake of the ramptastic announcement the day before (awful, as usual) results were released the placees must think it is Christmas.
Hello, Share Finders. We’re probably all used to the disappointment of finding that a huge daily jump in one of our shares turns out to be a consolidation of some sort. Which is what I expected when I saw that one of my penny dreadfuls had put on 325% in one day. But no – it seems that there really was an old-fashioned share hike due to good news...
Often I am left wondering what the point is of quite a number of small mining companies listed on AIM, as all they seem to do is raise small amounts of money to keep the business ticking over without ever actually achieving anything of note.
Hello Share Swingers. A little miner called Tertiary Minerals (TYM) has graced my modest blog on Shareprophets before now. In the past, it’s been a big winner for me.
John Meyer of SP Angel this morning comments on Anglo American (AAL), Berkeley Energia (BKY), FinnAust (FAM), Gemfields (GEM), Tertiary Minerals (TYM), Tri-Star (TSTR), Stellar Diamonds (STEL) and SolGold (SOLG) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
If you want me to analyse a stock for you just drop me a line at sqmir@hotmail.com - Today I look at shares in Coral Products (CRU), Distil (DIS) and Tertiary Minerals (TYM) setting share price targets for all three stocks.
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